Filing Flows › AvePoint (AVPT) › Q2 2026 › vs Q2 2025
AvePoint (AVPT) Q2 2026 vs Q2 2025 (year over year)
AvePoint's revenue rose $22.5M (+22%) from $102M in Q2 2025 to $124M in Q2 2026. The biggest changes: SaaS +$21.2M (+27%); Service +$1.3M (+9%); Termed License and Support +$30K (+0.3%). Gross margin 73.1% against 74.0% (-0.9 pts).
AvePoint, Q2 2026: revenue $124M (+22% year over year), operating margin 8.2%, net earnings $27.6M, operating cash flow $15.9M. The chart draws each line against Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Gross margin | 73.1% | 74.0% | -0.9 pts |
| Operating margin | 8.2% | 7.0% | +1.3 pts |
| Net margin | 22.1% | 2.8% | +19.3 pts |
| Free cash flow margin | 11.8% | 18.9% | -7.1 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| SaaS | $98.5M | $77.3M | $21.2M | +27% |
| Service | $15.7M | $14.5M | $1.3M | +9% |
| Termed License and Support | $10.2M | $10.2M | $30K | +0.3% |
| Revenue | $124M | $102M | $22.5M | +22% |
| Gross profit | $91.0M | $75.5M | $15.5M | +20% |
| Cost of revenue | $33.5M | $26.5M | $7.0M | +26% |
| Other income, net | $1.8M | −$240K | $2.0M | — |
| Operating profit | $10.2M | $7.1M | $3.1M | +44% |
| Operating expenses | $80.8M | $68.4M | $12.3M | +18% |
| Pre-tax earnings | $12.0M | $6.9M | $5.2M | +75% |
| Research & development | $16.6M | $13.0M | $3.6M | +28% |
| Sales & marketing | $45.5M | $35.8M | $9.8M | +27% |
| General & admin | $18.7M | $19.7M | −$1.0M | -5% |
| Income tax benefit | $15.6M | −$4.0M | $19.5M | — |
| Net earnings | $27.6M | $2.9M | $24.7M | +853% |
| Share-based compensation | $9.6M | $11.1M | −$1.6M | -14% |
| Working capital & other | $21.2M | −$6.2M | $27.4M | — |
| Operating cash flow | $15.9M | $20.3M | −$4.3M | -21% |
| Free cash flow (OCF − capex) | $14.7M | $19.3M | −$4.6M | -24% |
| Capital expenditures | $1.2M | $965K | $242K | +25% |
Questions
How much did AvePoint's revenue grow year over year in Q2 2026?
AvePoint's revenue rose $22.5M (+22%) from $102M in Q2 2025 to $124M in Q2 2026.
What drove AvePoint's revenue change in Q2 2026?
SaaS +$21.2M (+27%); Service +$1.3M (+9%); Termed License and Support +$30K (+0.3%).