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.
Get alerts:
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 offe...