AVPT earnings analysis
What we found in AVPT's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
AvePoint's Q1 2026 results indicate significant performance improvements with total revenue reaching $117.2 million, a 26% increase year-over-year, alongside EPS of $0.07, meeting consensus estimates. The growth was driven primarily by a 35.5% rise in SaaS revenue. Management also raised full-year revenue guidance based on this strong performance, aligning expectations with ambitious growth targets.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Total Revenue Growth Exceeds Estimates
- Total revenue increased by 26% year-over-year to $117.2 million, surpassing the estimate of $116.2 million.
- SaaS Revenue Shows Robust Growth
- SaaS revenue surged by 35.5% year-over-year, amounting to $93.4 million.
- Improved Operating Margin
- GAAP operating margin improved to 10.9%, up from 3.5% in the prior year.
- Annual Recurring Revenue (ARR) Growth
- ARR rose 26% year-over-year to $435.2 million.
- Cash Position Remains Strong
- As of March 31, 2026, cash and cash equivalents stood at $444.1 million with no outstanding debt.
- Free Cash Flow Positive
- Operating cash flow was strong at $24.3 million for Q1 2026.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Currency Fluctuation Risk
- A hypothetical 10% increase in USD against other currencies could decrease income from operations by approximately $2.1 million.
- Dependence on SaaS Growth
- Term license and support revenue decreased by 29.3% year-over-year, indicating potential vulnerability if SaaS growth slows.
- Ongoing Competitive Pressures
- The highly competitive cloud market requires continuous investment, which may endanger profit margins.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.07
- Gross margin
- 72.8%
- Operating margin
- 10.9%
- Segment
- SaaS: $93.4M
- Segment
- Term License and Support: $9.3M
- Segment
- Services: $14.5M
What they said about what is next.
Full-year revenue guidance raised based on strong Q1 2026 performance.
The filing reads better than the one before it.
What came before.
- 10-K · February 26, 2026
- AvePoint’s 2025 results show accelerating SaaS-led growth with total revenue of $419.5 million (up 27% YoY) and SaaS revenue of $319.2 million (up 38% YoY). The company serves more than 28,000 customers across 100+…
- 10-Q · November 6, 2025
- AvePoint reported Q3 revenue of $109.728M (up $20.924M vs. Q3 2024) with SaaS strength but declines in term license and maintenance. GAAP diluted EPS improved to $0.06 from $0.01 a year ago and the company generated…
- 10-Q · August 7, 2025
- AvePoint reported Q2 revenue of $102,018,000, up 30.9% year-over-year and 9.6% sequentially, with gross margin essentially flat at ~74.0% and operating income of $7,094,000 (vs a $2,138,000 loss in Q2 2024). GAAP…
- 10-Q · May 8, 2025
- AvePoint reported Q1 revenue of $93,064,000, up $18,530,000 (24.9%) versus $74,534,000 in Q1 2024, driven by SaaS growth. The company produced GAAP net income of $3,566,000 (diluted EPS $0.02) and positive operating…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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