Filing Flows › AvePoint (AVPT) › Q3 2026 › vs Q3 2025
AvePoint (AVPT) Q3 2026 vs Q3 2025 (year over year)
AvePoint's revenue rose $21.4M (+19%) from $110M in Q3 2025 to $131M in Q3 2026. The biggest changes: SaaS +$21.5M (+26%); Termed License and Support −$3.1M (-26%); Service +$3.0M (+21%). Gross margin 72.2% against 74.4% (-2.2 pts).
AvePoint, Q3 2026: revenue $131M (+20% year over year), operating margin 8.7%, net earnings $17.9M, operating cash flow $31.4M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 72.2% | 74.4% | -2.2 pts |
| Operating margin | 8.7% | 7.4% | +1.3 pts |
| Net margin | 13.7% | 11.9% | +1.8 pts |
| Free cash flow margin | 22.8% | 31.3% | -8.4 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| SaaS | $105M | $84.0M | $21.5M | +26% |
| Service | $16.7M | $13.8M | $3.0M | +21% |
| Termed License and Support | $8.9M | $12.0M | −$3.1M | -26% |
| Revenue | $131M | $110M | $21.4M | +19% |
| Gross profit | $94.7M | $81.6M | $13.1M | +16% |
| Cost of revenue | $36.4M | $28.1M | $8.3M | +30% |
| Other income, net | $3.9M | $4.7M | −$758K | -16% |
| Operating profit | $11.4M | $8.1M | $3.3M | +41% |
| Operating expenses | $83.2M | $73.5M | $9.8M | +13% |
| Pre-tax earnings | $15.4M | $12.8M | $2.6M | +20% |
| Research & development | $16.2M | $13.9M | $2.2M | +16% |
| Sales & marketing | $47.8M | $35.6M | $12.2M | +34% |
| General & admin | $19.3M | $23.9M | −$4.6M | -19% |
| Income tax benefit | $2.6M | $210K | $2.4M | 12× |
| Net earnings | $17.9M | $13.0M | $4.9M | +38% |
| Share-based compensation | $10.1M | $10.7M | −$599K | -6% |
| Working capital & other | $3.4M | $11.1M | −$7.7M | -69% |
| Operating cash flow | $31.4M | $34.8M | −$3.4M | -10% |
| Free cash flow (OCF − capex) | $30.0M | $34.3M | −$4.4M | -13% |
| Capital expenditures | $1.5M | $507K | $973K | +192% |
Questions
How much did AvePoint's revenue grow year over year in Q3 2026?
AvePoint's revenue rose $21.4M (+19%) from $110M in Q3 2025 to $131M in Q3 2026.
What drove AvePoint's revenue change in Q3 2026?
SaaS +$21.5M (+26%); Termed License and Support −$3.1M (-26%); Service +$3.0M (+21%).