Strong Q1 beat with accelerating SaaS growth (35% YoY) and massive operating cash flow improvement ($24.3M vs $0.5M) signals durable business momentum. The ARR guidance raise confirms demand strength, but the FX-driven revenue and operating income guidance trim is a modest headwind. Watch for Q2 conference call commentary on FX trajectory and whether the $150M buyback program is executed aggressively.
Price Chart
Executive Summary
AvePoint reported Q1 2026 results that beat consensus on both revenue and EPS, with total revenue of $117.2M (+26% YoY) and GAAP diluted EPS of $0.07. The company raised its full-year ARR guidance and announced a $150M share repurchase program renewal, but lowered full-year revenue and non-GAAP operating income guidance due to FX headwinds.
Key Financial Metrics
Key Facts
- Q1 2026 total revenue $117.2M, +26% YoY, above $116.1M consensus
- Q1 2026 GAAP diluted EPS $0.07, above $0.03 consensus (beat by 133%)
- SaaS revenue $93.4M, +35% YoY, now 80% of total revenue
- Total ARR $435.2M, +26% YoY
- GAAP operating income $12.7M vs $3.3M YoY, margin expanded 740bps to 10.9%
- Operating cash flow $24.3M vs $0.5M YoY
- Raised full-year ARR guidance to $523.4M-$529.4M (26% YoY growth at midpoint)
- Full-year revenue guidance narrowed to $509.4M-$515.4M (22% YoY growth at midpoint), lowered at the top end from prior $517.4M due to FX
- Full-year non-GAAP operating income guidance lowered to $91.5M-$94.5M from $92.6M-$96.6M due to FX
- Renewed share repurchase program for 3 years, authorizing up to $150M in buybacks
- Q2 2026 revenue guidance $120.3M-$122.3M (19% YoY growth at midpoint)
Financial Impact
Q1 revenue beat consensus by ~$1.1M (1.0%), EPS beat by $0.04 (133%). Full-year ARR guidance raised by ~$2M at midpoint, but revenue and non-GAAP operating income guidance lowered at the top end by ~$2M and ~$2.1M respectively due to FX.
Risk Factors
- Full-year revenue and non-GAAP operating income guidance lowered due to FX headwinds, which could persist or worsen
- GAAP gross margin contracted 150bps YoY to 72.8%, indicating potential pricing or mix pressure
- Cash balance declined $36.9M in Q1 to $444.1M, partly due to $59.8M in share repurchases
- Stock-based compensation remains elevated at $7.3M (6.2% of revenue)
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001171843-26-003157 |
| Document: f8k_050726.htm | 0001171843-26-003157 |
| Document: 0001171843-26-003157-index-headers.html | 0001171843-26-003157 |
| Document: 0001171843-26-003157-index.html | 0001171843-26-003157 |
| Document: 0001171843-26-003157.txt | 0001171843-26-003157 |
| 8-K Data (Synthetic) | 0001171843-26-003157 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 13, 2026 14d ago | Press Release | $14.00 $15.72 | ▲ +12.29% | ▲ +11.83% | $16.46 (+17.57%) |
Oct 6, 2026 21d ago | 144 | $14.28 $14.00 | ▲ +1.96% | ▲ +0.98% | $16.46 (−15.27%) |
Aug 16, 2026 10w ago | Institutional Cluster | $13.25 $13.24 | ▼ −0.08% | ▲ +1.12% | $16.46 (+24.23%) |
Jun 29, 2026 17w ago | Press Release | $11.07 $12.05 | ▲ +8.81% | ▲ +7.42% | $16.46 (+48.69%) |
May 7, 2026 24w ago | 8-K | $11.40 $9.79 | ▼ −14.12% | ▼ −15.59% | $16.46 (+44.39%) |
Apr 21, 2026 27w ago | Press Release | $10.24 $9.88 | ▼ −3.52% | ▼ −3.57% | $16.46 (+60.74%) |
Mar 13, 2026 32w ago | DEFA14A | $10.52 $10.24 | ▼ −2.66% | ▼ −0.62% | $16.46 (+56.46%) |
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