AvePoint on Thursday reported GAAP operating profit of about S$33.0 million for the year ended 31 Dec 2025, swinging from S$7.2 million a year earlier, as strong software-as-a-service (SaaS) momentum lifted full-year revenue 27 per cent year-on-year (YoY) to S$419.5 million.

Non-GAAP operating income rose to S$79.2 million, translating into an 18.9 per cent operating margin, up from 14.4 per cent in FY2024. The company did not declare a dividend for the period.

Resilience-related offerings continued to anchor growth, contributing 62 per cent of annual recurring revenue (ARR), followed by Control (26 per cent) and Modernisation (12 per cent). Total ARR climbed 27 per cent YoY to S$416.8 million, driven by a 38 per cent jump in SaaS revenue. The enterprise segment accounted for 52 per cent of ARR, while mid-market and small business customers made up 28 per cent and 20 per cent respectively.

Regionally, North America generated 42 per cent of ARR, EMEA 36 per cent and Asia-Pacific 22 per cent. Channel partners now represent 57 per cent of ARR, reflecting the firm’s continued pivot towards managed service providers and resellers. Gross retention held at 88 per cent, while net retention improved to 111 per cent.

AvePoint flagged several headwinds, including foreign-exchange movements that trimmed reported growth by roughly one percentage point and heightened investment costs linked to its secondary Singapore listing and the discontinuation of a growth-equity fund, which added about S$4.9 million of expenses.

Looking ahead, management is targeting FY2026 ARR of S$525.1 million to S$531.1 million, implying 26-27 per cent YoY growth, and revenue between S$509.4 million and S$517.4 million, up 21-23 per cent YoY. Non-GAAP operating income is projected at S$92.6 million to S$96.6 million, sustaining an 18-19 per cent margin. Longer term, AvePoint aims to double ARR to S$1 billion and reach a 27.5 per cent non-GAAP operating margin by 2029.

Strategically, the company plans to accelerate customer adoption, widen its platform capabilities—particularly around data governance for artificial-intelligence workloads—deepen its channel ecosystem, expand geographic coverage and pursue bolt-on acquisitions such as the recent purchase of UK-based Torsion and Netherlands-based Ydentic.

Management cited a total addressable market of about S$167 billion by 2029 and expects the proliferation of generative-AI tools to further underpin demand for its data-management, security and resilience platform.