AvePoint reported second-quarter results showing revenue growth of 22% and annual recurring revenue growth of 27%, while adjusted operating margin declined from 18.4% to 16.3% and gross margin fell slightly. Higher sales and marketing spending and weaker customer retention raised fresh questions about the durability of the company's profitability despite the strong top-line gains. The company has bought back about 13.3% of its shares since 2022, including US$50.13 million in Q2 2026 alone. AvePoint's investment narrative projects $817.0 million in revenue and $80.6 million in earnings by 2029, requiring 20.6% yearly revenue growth and an earnings increase of about $9.1 million from $71.5 million today, while some of the lowest analysts had already assumed revenue of about US$780.3 million and earnings of roughly US$69.4 million by 2029.
Avepoint IncQ2 revenue grew 22% and ARR 27%, but adjusted operating margin fell to 16.3% on higher sales/marketing spend and weaker retention, plus a $50.13M buyback.
