SaaS revenue reached $98.5 million in the quarter, up 27% year on year. Total revenue came in at $124.5 million, an increase of 22%, while annual recurring revenue grew to $465.1 million, also up 27%, or 24% adjusted for foreign exchange. Dollar-based net retention held at 111%.
AvePoint also posted record net new ARR during the quarter, a metric that captures the pace of new business and expansion rather than the existing base. Operating cash flow for the first half of 2026 reached $40.2 million, nearly double the $20.8 million from the same period a year earlier.
Alongside the results, the company announced new extensions to its Confidence Platform, broadening governance, security, recovery, and backup capabilities to cover agentic AI, new enterprise applications, and multicloud infrastructure.
For the full year, AvePoint now expects ARR of between $522.1 million and $528.1 million, total revenue of $508.5 million to $512.5 million, and non-GAAP operating income of $86.4 million to $88.4 million.
AvePoint is a data management and governance software company listed on Nasdaq under the ticker AVPT.
To stay across the latest in cloud, AI and enterprise tech analysis from Compare the Cloud, subscribe to our weekly newsletter at https://www.comparethecloud.net/newsletter
