Record-Breaking Financial Metrics
AvePoint delivered quarterly records for net new ARR, the number of $100,000 ARR customer adds, operating cash flow generation, and non-GAAP operating income in both dollars and as a percentage of revenues.
Strong Revenue Growth
Total revenues for the third quarter were $109.7 million, up 24% year-over-year and 3% above the high end of guidance. SaaS revenue grew 38% year-over-year, representing 77% of total revenues.
AI Governance Leadership
AvePoint's platform-driven approach continues to resonate in the market, with notable customer wins in financial services, food and beverage, and telecommunications sectors.
Geographical Performance
All three regions delivered ARR growth above 20%. North America ARR grew 21%, EMEA ARR grew 28%, and APAC ARR grew 33%.
Channel Strategy Success
56% of total ARR came through the channel compared to 53% a year ago, supporting profitable growth.
Improved Profitability
Non-GAAP operating income was $24.1 million, representing an operating margin of 22%, the highest as a public company.