Filing Flows › AvePoint (AVPT) › Q1 2026
AvePoint (AVPT) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
AvePoint (AVPT) reported revenue of $117M for the first quarter 2026 (Q1 2026), +26% from a year earlier and +2% from the quarter before. Operating margin was 10.9%, net earnings $15.2M (13.0% of revenue).
AvePoint, Q1 2026: revenue $117M (+26% year over year), operating margin 10.9%, net earnings $15.2M, operating cash flow $24.3M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $117M | +2% | +26% |
| Gross profit | $85.4M | +1% | +23% |
| Operating profit | $12.7M | -12% | +287% |
| Net earnings | $15.2M | -3% | +328% |
| Operating cash flow | $24.3M | -18% | 49× |
| Free cash flow | $23.0M | -21% | — |
What changed
Revenue was $117.2M in Q1 2026, up 26% year over year and up 2% from the previous quarter. SaaS was the largest line at 80% of revenue. SaaS added $24.4M year over year (up 35%), 101% of the total change. Termed License and Support declined 29%.
Gross margin was 72.8%, down 1.5 points from Q1 2025. Operating profit was $12.7M, a 10.9% margin (up 7.3 points year over year). Of the extra revenue versus Q1 2025, 39% reached operating profit, above the 4% margin then. Operating expenses grew 10% against revenue growth of 26%. The fastest-growing cost line was Sales & marketing (+22%). Net earnings were $15.2M, up 343% year over year. The effective tax rate was 7.8%. Non-operating items added $3.8M, 23% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $24.3M (up 4801% year over year), 159% of net earnings. Non-cash charges added back $7.3M of share-based compensation. Working capital and other items added $1.7M. Capital expenditures of $1.3M left free cash flow of $23.0M.
Questions
What was AvePoint's revenue in the first quarter 2026?
AvePoint (AVPT) reported revenue of $117M for the first quarter 2026 (Q1 2026), +26% from a year earlier and +2% from the quarter before.
Was AvePoint profitable in the first quarter 2026?
Operating profit was $12.7M (10.9% of revenue) and net earnings $15.2M.
Source: AvePoint 10-Q on SEC EDGAR.