Total Annual Recurring Revenue (ARR) reached $416.8 million as of December 31, 2025, marking a 27% year-over-year increase (26% on an FX-adjusted basis). Total revenue for 2025 increased by 26.9% to $419.5 million, with SaaS revenue growing 38.4% to $319.2 million and now representing 76% of total revenue. GAAP operating income significantly improved to $33.0 million in 2025, up from $7.2 million in 2024, while non-GAAP operating income rose to $79.2 million from $47.6 million. Net income for 2025 was $35.120 million, a substantial turnaround from a net loss of $(29.142) million in 2024. Basic earnings per share (EPS) improved to $0.17 in 2025 from $(0.16) in 2024. The company completed the acquisition of 80% of Ydentic Holding B.V. on January 29, 2025, for approximately $20.4 million, expanding its SaaS solutions for multi-tenant management. AvePoint renewed its $150 million share repurchase program for an additional three years on February 25, 2025, and repurchased $49.8 million in common stock during 2025. Cash and cash equivalents stood at $481.1 million as of December 31, 2025, with no outstanding debt.