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AvePoint (AVPT) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · AvePoint (AVPT) Q3 2026 earnings results →

Q3 2026 Revenue up 20% year over year to $131M · 14¢ of every $1 of revenue kept as net profit · operating margin 8.7%

AvePoint made $131M in Q3 2026 (+20% Y/Y): SaaS $105M, Service $16.7M, Termed License and Support $8.9M. Operating margin 8.7%, net earnings $17.9M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.

Revenue$131M
Year over year+20%
Operating margin8.7%
Net earnings$17.9M
Operating cash flow$31.4M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $131.1M in Q3 2026, up 19% year over year and up 5% from the previous quarter. SaaS was the largest line at 80% of revenue. SaaS added $21.5M year over year (up 26%), 101% of the total change. Termed License and Support declined 26%.

Gross margin was 72.2%, down 2.2 points from Q3 2025. Operating profit was $11.4M, a 8.7% margin (up 1.3 points year over year). Of the extra revenue versus Q3 2025, 16% reached operating profit, above the 7% margin then. Operating expenses grew 13% against revenue growth of 19%. The fastest-growing cost line was Sales & marketing (+34%). Net earnings were $17.9M, up 38% year over year. The effective tax rate was -16.7%. Non-operating items added $3.9M, 26% of pre-tax earnings, so the bottom line overstates operating performance.

Operating cash flow was $31.4M (down 10% year over year), 175% of net earnings. Non-cash charges added back $10.1M of share-based compensation. Working capital and other items added $3.4M. Capital expenditures of $1.5M left free cash flow of $30.0M.

Quarterly history

AvePoint revenue by quarterAvePoint revenue by quarter$93.1MQ1 2025$102MQ2 2025$110MQ3 2025$115MQ4 2025$117MQ1 2026$124MQ2 2026$131MQ3 2026
AvePoint net earnings by quarterAvePoint net earnings by quarter$3.4MQ1 2025$2.7MQ2 2025$13.0MQ3 2025$15.6MQ4 2025$15.2MQ1 2026$27.6MQ2 2026$17.9MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QNov 5, 2026$131M+20%8.7%$17.9M$31.4M
Q2 202610-QAug 6, 2026$124M+22%8.2%$27.6M$15.9M
Q1 202610-QMay 7, 2026$117M+26%10.9%$15.2M$24.3M
Q4 202510-KFeb 26, 2026$115M+29%12.7%$15.6M$29.7M
Q3 202510-QNov 6, 2025$110M+24%7.4%$13.0M$34.8M
Q2 202510-QAug 7, 2025$102M+31%7.0%$2.7M$20.3M
Q1 202510-QMay 8, 2025$93.1M+25%3.5%$3.4M$495K

Charts

AvePoint: revenue growth, year over year and quarter over quarterAvePoint: revenue growth, year over year and quarter over quarterY/YQ/Q+25%Q1 2025+31%+10%Q2 2025+24%+8%Q3 2025+29%+5%Q4 2025+26%+2%Q1 2026+22%+6%Q2 2026+20%+5%Q3 2026
Latest (Q3 2026): Y/Y +20%, Q/Q +5%.
AvePoint: where the cash came from (+) and went (−), TTM to Q3 2026AvePoint: where the cash came from (+) and went (−), TTM to Q3 2026Buybacks−$164MOperating cash flow$101MCash drawn (+) / kept (−)$60.9MShares issued$22.4MOther investing−$9.3MOther financing−$6.1MCapital spending−$4.7MPartners−$1.8MExchange rates$943K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
AvePoint: profit against cash, quarter by quarterAvePoint: profit against cash, quarter by quarterNet incomeOperating cash flow−$17.2M$32.8MQ4 2024$3.6M$495KQ1 2025$2.9M$20.3MQ2 2025$13.0M$34.8MQ3 2025$15.6M$29.7MQ4 2025$15.2M$24.3MQ1 2026$27.6M$15.9MQ2 2026$17.9M$31.4MQ3 2026
Latest (Q3 2026): Net income $17.9M, Operating cash flow $31.4M.
AvePoint: diluted shares by fiscal yearAvePoint: diluted shares by fiscal year18MFY2020142MFY2021182MFY2022182MFY2023184MFY2024229MFY2025
+1180.6% since FY2020: more shares outstanding (issuance, stock pay).
AvePoint in its industry: growth against margin (192 companies, SIC 7372)AvePoint in its industry: growth against margin (192 companies, SIC 7372)revenue growth, year over year →↑ operating marginmedian +12%median 0%MSFTORCLCRMADBEXYZINTUNOWSHOPCRWVSNPSPLTRADSKElectronic Arts Inc.TEAMSSNCCDNSRBLXTWLOSNOWTTWOCRWDGENDDOGHUBSVEEVDOCUOKTANETMDBNTNXPTCTYLDBXUDTPAYCMBLYESTCPCTYZETARBRKACIWBSYGWREPATHPCORTDCOCTVFIGKVYOCOURBILLBOXCVLTDUOLSAILGTMMANHLIMEAPPFCCCYOUTTANBLKBSGTLBALRMTENBWKPRGSFRSHAPPNBANDNAVNBRZEQTWONTSKASANCXMVERXRPDSPSCBLFSLYVRNSQLYSFROGMQBBINTANCNOEVCMNABLVIAALKTSPTPDGDYNXPERAMPLDDDSKILCERTCCSICMRCMKTWHUCKCRNCPDFSWEAVSOUNINSEXZODHIIIVLiveperson IncAIMRDNMYPSUPLDKLTRBLZELAWDRTTFBBAIMAPSCCLDEXFYRDVTSSTIEGANNTWKRCATSNALFDCTSVCOMCHXAEYEZDGEADBTWFCFAISPDUOTIDNPDYNQUBTZSPCROCFATNAWRESMSIINLXBLINMSGMGEGSEGGMYSZCXAIGXAIPARAAITXBKYICYABAPCXSPAIDSNYEXYNIDAIATDSIVDAVPRBSKKYUMEWAIFFAUIDGlobal Arena Holding, Inc.ATHRVIDAQXLLIVGUPYYFNGRSVMBTransparentBusiness, Inc.SWMRAMSTTransit Pro Tech Inc.PXLWDNKCDPLSGYGYAVPT (+20%, 9%)
Services-Prepackaged Software; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About AvePoint

AvePoint is a global provider of modern data protection, enabling organizations to secure, govern, and operationalize data at scale across major cloud ecosystems. Customers rely on the AvePoint Confidence Platform to reduce risk, improve operational efficiency, and accelerate digital transformation as they adopt cloud collaboration and artificial intelligence (" AI ")-driven advanced tools and workflows. As organizations embed AI into core business processes, data becomes both a strategic asset and a growing source of risk. AI can amplify the impact of poor data hygiene, including sensitive data exposure, compliance failures, and operational disruption. Enterprises increasingly require a modern data foundation where data is discoverable, classified, governed, protected, and recoverable by design.

In its own words, from its 10-K, filed Feb 26, 2026.

AvePoint against its Services-Prepackaged Software peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +20% against the peers' median +19%. Operating margin: 8.7% against the peers' median 15.2%.

CompanyQuarterRevenueY/YOp. margin
AVPT AvePointQ3 2026$131M+20%8.7%
MSFT MicrosoftQ1 FY27$92.3B+19%49.8%
ORCL OracleQ1 FY27$19.3B+30%34.8%
CRM SalesforceQ2 FY27$11.3B+11%20.5%
ADBE AdobeQ3 FY26$6.8B+13%34.8%
XYZ BlockQ3 2026$6.7B+10%6.4%
INTU IntuitQ4 FY26$4.4B+14%10.9%
NOW ServiceNowQ3 2026$4.1B+20%9.4%
SHOP ShopifyQ3 2026$3.7B+32%15.2%

Source: AvePoint 10-Q on SEC EDGAR · CIK 1777921 · Services-Prepackaged Software

Guidance and outlook

AvePoint Revenue: guidance against what was reportedAvePoint Revenue: guidance against what was reportedguided rangereported (above / within / below)Q2 2026$124MQ3 2026$131MQ4 2026
Met or beat 2 of 2 guided periods. Grey: the last range guided before the figures came out; dot: the reported figure.
AvePoint: what its forward-looking statements are about (10-Q filed 2026-11-05)AvePoint: what its forward-looking statements are about (10-Q filed 2026-11-05)Margins2Demand1
3 statements; tone +0.67 (−1 all cautious, +1 all confident); 1 hedged.
AvePoint: outlook statements against the filing beforeAvePoint: outlook statements against the filing beforeConfident2

13F: who owns AVPT and who is buying

Largest holders of AVPT (13F)Largest holders of AVPT (13F)Vanguard Group$242MAnchor @ 65 Pte.$223MBlackRock$162MVanguard Portfolio Management LLC$121MMorgan Stanley$96.1MVanguard Capital Management LLC$72.5MGoldman Sachs Group$56.7MD. E. Shaw$50.4MGeode Capital Management, LLC$46.2MState Street$43.9M
Funds' net buying of AVPT by quarter (13F)Funds' net buying of AVPT by quarter (13F)$19.1M2024-09$45.6M2024-12$122M2025-03$123M2025-06$146M2025-09$20.1M2025-12$11.0M2026-03$80.4M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on AVPT

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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