AvePoint Q3 revenue rises 19% on ARR demand

Overview

• US AI data governance firm's Q3 revenue rose 19% yr/yr, SaaS revenue up 26%

• Q3 ARR climbed 27% yr/yr to $495.1 mln

• Non-GAAP operating income for Q3 declined from prior year

Outlook

• AvePoint raises full-year 2026 ARR guidance to $524.8 mln-$528.8 mln

• Company expects Q4 revenue of $138.4 mln-$140.4 mln and non-GAAP operating income of $24.7 mln-$25.7 mln

• AvePoint sees full-year 2026 revenue of $511.3 mln-$513.3 mln and non-GAAP operating income of $87.5 mln-$88.5 mln

Result Drivers

• CUSTOMER DEMAND - Co said broad-based customer demand drove record net new ARR and accelerated total ARR growth

• AI PLATFORM LAUNCH - Co said launch of AvePoint Trust Platform expanded governance and security offerings for AI deployments

• PRODUCT INNOVATION - Co announced new AI-driven data classification and recovery features during the quarter

Company press release:

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 10 "strong buy" or "buy", 4 "hold" and no "sell" or "strong sell"

• The average consensus recommendation for the it services & consulting peer group is "buy"

• Wall Street's median 12-month price target for AvePoint, Inc. is $17.00, about 0.6% above its November 4 closing price of $16.90

• The stock recently traded at 34 times the next 12-month earnings vs. a P/E of 29 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)