AvePoint (NASDAQ:AVPT) posted record net new annual recurring revenue (ARR) of $30 million in the third quarter, up 34% from a year earlier. The data governance software company raised its full-year ARR outlook to $524.8 million–$528.8 million. Revenue rose 19% to $131.1 million, above the top of guidance. Total ARR reached $495.1 million, up 27%. Demand grew for AgentPulse, its tool for governing AI agents. Customer use rose more than 50% from the prior quarter, and managed agents more than doubled. Chief executive officer TJ Jiang expects a more material revenue effect next year. Nine-month operating cash flow rose 29% to $71.6 million. AvePoint reiterated its goal of $1 billion in ARR by the end of 2029.

What AvePoint (AVPT) said on its Q3 earnings call. November 5, 2026 Key points. * AvePoint generated a record $30 million in net new ARR in Q3, up 34% year over year, while revenue rose 19% to $131.1 million. The company raised its full-year ARR outlook to $524.8 million-$528.8 million. * Adoption of its AI governance product AgentPulse accelerated: customer use grew more than 50% quarter over quarter and the number of managed agents more than doubled. Management said standalone sales are building, though a more material revenue contribution is expected next year. * Retention and cash flow improved, with gross retention reaching 90%, adjusted net retention at 111%, and nine-month operating cash flow up 29% to $71.6 million. AvePoint reiterated its goal of reaching $1 billion in ARR by the end of 2029. * Interested in AvePoint? Here are five stocks we like better. AvePoint NASDAQ: AVPT reported record net new annual recurring revenue in the third quarter of 2026 and raised its full-year ARR outlook, as demand grew for its data governance and artificial intelligence management products. The company added $30 million in net new ARR, up 34% from a year earlier, and ended the quarter with $495.1 million in total ARR. That was an increase of 27% on a reported basis and 25% after adjusting for foreign exchange, the second consecutive quarter of accelerating currency-adjusted growth. Third-quarter revenue rose 19% to $131.1 million, exceeding the high end of management's guidance. Software-as-a-service revenue increased 26% to $105.5 million, accounting for 80% of the total. AgentPulse adoption grows. CEO TJ Jiang said the number of customers using AvePoint's AgentPulse product grew more than 50% from the second quarter to the third, while the number of agents managed through the product more than doubled. AgentPulse provides discovery, governance and lifecycle controls for AI agents across multiple platforms, according to Jiang. Most of the uptake came through AvePoint's Control bundles, which include AgentPulse. The company began offering AgentPulse as a standalone product in July. Jiang said the pipeline for that offering was strong, but he expects its more material closing and revenue impact to come next year. Jiang said many organizations are still using agents for relatively basic tasks, while those deploying them in critical workflows remain in the "top 1%." AvePoint licenses AgentPulse based on employee counts rather than the number of agents managed, CFO Jim Caci said. Among the customer examples Jiang cited was a U.S. natural gas infrastructure company that found approximately 3,000 agents had been created in its environment without visibility into their ownership or data access. The existing customer upgraded to AvePoint's Control Complete package in the third quarter for approximately 7,000 users, he said. Jiang also highlighted a new customer among Asia's largest e-commerce companies that selected AvePoint's Control Plus bundle to secure Google Workspace and Microsoft 365 for approximately 40,000 users. He said the customer replaced an incumbent data security vendor. AvePoint recently announced its Trust Platform, which extends its governance offering to AI models and tools as well as data and agents. Jiang said the company's approach differs from traditional cybersecurity vendors because it focuses on data access, changes made by agents and recovery when damage occurs. Retention and cash flow improve. AvePoint's currency-adjusted gross retention rate reached 90%, a target management had pursued for several years. Its adjusted net retention rate improved to 111%. Both measures increased from the second quarter. Discover more MarketBeat All Access Stock Market News Stock Screener Tool Caci said the company achieved the gross retention target despite a roughly two-percentage-point headwind from its migration product, which has naturally lower retention rates. He said further improvement of a couple of percentage points could be possible over the next few years. The company ended the quarter with 976 customers generating more than $100,000 in ARR, up 28% from a year earlier. Net additions to that group totaled 65, the highest AvePoint has recorded. ARR from its managed service provider practice grew 40%, while channel partners accounted for 72% of incremental ARR in the quarter. Non-GAAP operating income was $22 million, representing a 16.8% margin and reaching the high end of guidance. GAAP operating margin was 8.7%, up more than 130 basis points year over year, even as the company increased spending across the business. Operating cash flow exceeded $31 million in the third quarter. For the first nine months of 2026, operating cash flow rose 29% to $71.6 million, while free cash flow also increased 29% to $67.7 million. AvePoint spent approximately $31 million to repurchase 2.3 million shares during the quarter. Year to date, it spent approximately $142 million on 12.6 million shares, with about $89 million remaining under its repurchase program. The company also entered a new $100 million revolving credit facility with JPMorgan, replacing a $30 million facility. Full-year outlook raised. AvePoint raised the midpoint of its full-year ARR forecast by $1 million and now expects $524.8 million to $528.8 million, representing 26% growth at the midpoint on both a reported and currency-adjusted basis. Management forecast full-year revenue of $511.3 million to $513.3 million and non-GAAP operating income of $87.5 million to $88.5 million. The updated revenue outlook includes the company's $1.9 million third-quarter beat relative to guidance. For the fourth quarter, AvePoint expects revenue of $138.4 million to $140.4 million and non-GAAP operating income of $24.7 million to $25.7 million. Caci said the projected operating margin would rise from the third quarter but remain below the prior-year level as the company continues investing in its AI Trust capabilities. Management reiterated its target of reaching $1 billion in ARR by the end of 2029. Caci also said the company remained committed to its previously projected 2029 operating-margin level, though he declined to provide a spending outlook for 2027. About AvePoint (NASDAQ:AVPT). AvePoint, Inc NASDAQ: AVPT is a data management and governance software company that helps organizations protect, manage and modernize information across cloud, hybrid and on-premises environments. Its solutions are designed primarily for collaboration and productivity platforms, including Microsoft 365, SharePoint, Dynamics 365 and Salesforce. The company's product portfolio includes cloud backup and recovery, data migration, governance, security, compliance and administration tools. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected]. Before you consider AvePoint, you'll want to hear this. MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and AvePoint wasn't on the list. While AvePoint currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys. Tesla, Nvidia, and Google helped shape the last era of market growth, but the next wave could come from a new group of companies. Inside this report, you'll find 7 stocks that could play a major role in the next tech-driven market boom. Continue following MarketBeat

Backups aren't required for federal compliance. You need them anyway. Microsoft 365 backups aren't federally required, but data loss puts contracts and CUI at risk. See why Summit 7 chooses AvePoint for secure GCC High backups. Summary Microsoft 365 backups aren't federally required for contractors, but losing data can jeopardize deliverables, record retention, compliance evidence, and awards. Backup copies of CUI must be protected like the originals under NIST 800-171 and CMMC. Summit 7 partners with AvePoint for secure, immutable, flexible-storage backups supporting Commercial, GCC, and GCC High. When Summit 7 bring up Microsoft 365 backups, most clients first ask, "Is it required?" In most cases, they are not federally required to back up their data, but losing it could cause serious business disruptions ultimately affecting compliance, contracts, and business stability. Summit 7'll get into why backups matter and why AvePoint is Summit 7's partner of choice. Why backups matter regardless of the rules. Summit 7 chose AvePoint because it pairs strong security with flexible backup storage locations. For organizations handling CUI, where the backups are stored matters as much as whether they exist. What's at stake. * Missed deliverables and Continuity of Operations (COOP). If the files, designs, or records needed to do the work are gone, you're unable to maintain continuous operations. Persistent failures can lead to cure notices, negative past performance ratings, or termination for default. * Records you're required to keep. Federal contracts carry record retention obligations, and you may find them in your subcontractor terms as well. Under FAR 4.703, contractors generally must keep records for three years after final payment. If those records are lost, you may not be able to support your invoices, timekeeping, or audits. * Lost trust and lost awards. Primes and agencies look at your security posture when making awards. A serious data loss can affect the relationships and contracts you're competing for. * Compliance evidence. System security plans, policies, and assessment documentation are part of showing you meet your obligations. Losing them can slow or derail a self-assessment or audit. Common causes of data loss. * Accidental or malicious deletion * Ransomware or other destructive attacks * Misconfigured policies or bulk changes that overwrite content * Departing employees and orphaned accounts * Sync errors and failed migrations Microsoft protects the platform, but protecting your content, and being able to restore it to a known state, is your responsibility. Why Summit 7 chooses AvePoint backups. When Summit 7 selected AvePoint as a cloud backup vendor, two things stood out: security, and flexibility in where backup data is stored. For organizations handling CUI, where the backups are stored matter as much as whether they exist. * Comprehensive support for Microsoft 365 Commercial, GCC, and GCC High * Flexible storage location options * Restores data granularly down to item, version, and security settings * Immutable, air-gapped backups * Backups can be encrypted with client-owned keys * Self-service recovery and 24/7 support available to non-managed clients What do FAR CUI, Brilliant at the Basics, CMMC, and NIST 800-171 say about backups? CUI backups are considered CUI under CMMC, NIST 800-171, and Brilliant at the Basics (BATB), so they need the same protection as the originals. CMMC pathfinder tool - find your path to CMMC in 5 minutes. NIST SP 800-171 and CMMC. NIST SP 800-171 is the control set that CMMC and the FAR CUI rule build on. It requires that backup copies of CUI be protected with the same level of security as the original data, typically through encryption and access controls at the storage location. Where your backups live and who can reach them matter as much as the backups themselves. Make sure your backup storage is secure, flexible, and built for CUI. FAR CUI. The FAR Council's June 2026 proposed rule, usually called the FAR CUI Rule, will create a government-wide framework for safeguarding CUI and reporting CUI incidents, using a new clause (FAR 52.240-7) and a new Standard Form that identifies the CUI in a contract. The proposal also includes a 72-hour window to report a suspected or confirmed CUI incident. After an incident, you need to know what was affected and be able to restore it. Backup copies of CUI are also CUI, so they need to be protected as carefully as the original. Brilliant at the Basics. BATB is a Department of War (DoW) CIO cybersecurity campaign, not a compliance framework, and you can't be certified against it. It does signal where expectations are heading. The campaign adds tougher identity, asset, AI, OT, and resilience expectations beyond what is required by NIST 800-171. Backups are an essential part of business resilience. The right backups make the difference between your business scrambling to recover from a serious incident and a near-immediate return to normal operation. Which federal contractors benefit most from backups? Backups are especially valuable for: * GCC High and DoW-environment customers who need backup data to stay inside an appropriate boundary * Defense contractors preparing for CUI and CMMC obligations who want recovery and incident readiness in place before they're asked * Organizations that have been through, or narrowly avoided, a data loss event Start now. Your work is essential, and your business deserves the peace of mind that comes with quick data recovery. Reach out to a Summit 7 expert to learn more about protecting your environment from catastrophic data loss. Have questions? Summit 7 is here to help! Summit 7 needs the contact information you provide to Summit 7 to contact you about its solutions and services. You may unsubscribe from these communications at anytime.