AvePoint Announces Third Quarter 2025 Financial Results

Core Insights - AvePoint reported third quarter SaaS revenue of $84.0 million, reflecting a 38% year-over-year growth, and total revenue of $109.7 million, representing a 24% year-over-year growth [1][5] - The company achieved a total Annual Recurring Revenue (ARR) of $390.0 million, indicating a 26% year-over-year growth [1][5] - AvePoint's CEO highlighted the company's record quarterly net new ARR and non-GAAP operating profitability, emphasizing the demand for AI-related data security solutions [2] Financial Performance - Third quarter SaaS revenue was $84.0 million, up 38% from the same quarter in 2024, while total revenue reached $109.7 million, a 24% increase year-over-year [1][5] - GAAP gross profit for the third quarter was $81.6 million, with a gross margin of 74.4%, compared to 76.1% in the third quarter of 2024 [5] - Non-GAAP operating income was $24.1 million, up from $17.8 million in the same quarter of the previous year, with a non-GAAP operating margin of 22.0% [5][25] Key Performance Indicators - The dollar-based gross retention rate was 88%, and the dollar-based net retention rate was 110%, both indicating strong customer retention and expansion [5] - AvePoint announced new data protection solutions for various platforms, enhancing its product offerings [5] - The company launched an enhanced Global Partner Program aimed at accelerating growth through partner engagement [5] Financial Outlook - For the fourth quarter of 2025, AvePoint expects total revenue between $110.0 million and $112.0 million, representing year-over-year growth of 23% to 26% [5] - The company raised its full-year guidance for revenue and non-GAAP operating income based on third quarter performance [5][11] - The expected total ARR for the full year 2025 is projected to be between $412.8 million and $418.8 million, indicating a year-over-year growth of 26% to 28% [11]