AvePoint Inc - DBS Research 2026-02-27: 4Q25 Beat With 1Q26F Guidance Ahead; Local-compliance & AI Readiness The Key

AvePoint’s 4Q25 Beats Expectations, With 1Q26 Guidance Lifted by Compliance and AI Momentum

Published:
AvePoint (SGX:AVP) | SGinvestors.io
  • AvePoint (SGX:AVP) recorded total revenue increase of 29% y-o-y and 5% q-o-q to US$114.7mil in 4Q25, ~4% above consensus, led by SaaS revenue growth of 37% y-o-y and 6% q-o-q to US$88.9mil, lifting SaaS mix to a record 78% (vs 76% in 3Q25).

4Q25 marked a strong finish to FY25, supported by accelerating AI-related demand.

  • - Read this at SGinvestors.io -
  • Net new annual recurring revenue (ARR) reached a record US$26.8mil (+48% y-o-y), driving total ARR to US$416.8mil (+27% y-o-y), with strength across regions and continued traction in large enterprises (64 net adds of >US$100k ARR customers in 4Q).

Non-GAAP EBITDA +50% y-o-y

  • - Read this at SGinvestors.io -
  • Non-GAAP operating margin was at 20% vs consensus estimate of 19% (vs 22% in 3Q25 and 16% in 4Q24), still up 370bps y-o-y on improved sales productivity and higher channel contribution (57% of ARR) as the company leaned into go-to-market investments.

Revenue guidance for 1Q26F and FY26F are above consensus

  • Read more at SGinvestors.io.



Above is an excerpt from a report by DBS Group Research.
Clients of DBS may access the full PDF report @ https://www.dbs.com/insightsdirect/.



Sachin MITTAL DBS Group Research | https://www.dbs.com/insightsdirect/ 2026-02-27



Previous report by DBS:
2025-11-10 AvePoint - Big Earnings Beat; Soft 4Q25F Outlook Due To US Government Shutdown.

Price targets by other brokers at AvePoint Target Prices.

Listing of research reports at AvePoint Analyst Reports.

Relevant links:
AvePoint Share Price History,
AvePoint Announcements,
AvePoint Dividend Payout Dates & Corporate Actions,
AvePoint News






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