See more : CaixaBank, S.A. (CAIXY) Income Statement Analysis – Financial Results
Complete financial analysis of AvidXchange Holdings, Inc. (AVDX) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of AvidXchange Holdings, Inc., a leading company in the Software – Infrastructure industry within the Technology sector.
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AvidXchange Holdings, Inc. (AVDX)
About AvidXchange Holdings, Inc.
AvidXchange Holdings, Inc. provides accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers in North America. The company offers AP automation software, a SaaS-based solution that automates and digitizes capture, review, approval, and payment of invoices for buyers; the AvidPay network that connects two-sided payments with buyers and suppliers; and cash flow manager that provides cash management solutions. Its platform offers electronic invoice capture, workflow routing, and automated payments solutions. The company markets its solutions through direct salesforces; strategic channel partnerships; and software and technology business partners. It serves real estate, homeowners associations, construction, financial services, healthcare facilities, social services, education, and media sectors. The company was incorporated in 2000 and is headquartered in Charlotte, North Carolina.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Revenue | 380.72M | 316.35M | 248.41M | 185.93M | 149.58M |
| Cost of Revenue | 121.31M | 117.86M | 100.09M | 83.75M | 71.13M |
| Gross Profit | 259.41M | 198.49M | 148.32M | 102.17M | 78.45M |
| Gross Profit Ratio | 68.14% | 62.74% | 59.71% | 54.95% | 52.45% |
| Research & Development | 97.56M | 83.91M | 65.15M | 44.50M | 33.59M |
| General & Administrative | 101.92M | 91.38M | 95.82M | 56.40M | 52.10M |
| Selling & Marketing | 77.52M | 77.73M | 63.94M | 47.91M | 39.58M |
| SG&A | 179.45M | 169.12M | 159.76M | 104.31M | 91.68M |
| Other Expenses | 0.00 | 32.84M | 30.74M | 27.51M | 22.34M |
| Operating Expenses | 312.91M | 285.86M | 255.64M | 176.32M | 147.62M |
| Cost & Expenses | 434.22M | 403.73M | 355.73M | 260.07M | 218.75M |
| Interest Income | 20.89M | 7.16M | 661.00K | 1.68M | 1.38M |
| Interest Expense | 13.52M | 20.75M | 20.11M | 20.08M | 17.26M |
| Depreciation & Amortization | 35.91M | 32.84M | 30.74M | 27.51M | 22.34M |
| EBITDA | 3.30M | -47.37M | -153.46M | -53.42M | -53.89M |
| EBITDA Ratio | 0.87% | -14.97% | -50.69% | -24.18% | -30.38% |
| Operating Income | -51.62M | -87.38M | -107.32M | -74.15M | -69.16M |
| Operating Income Ratio | -13.56% | -27.62% | -43.20% | -39.88% | -46.24% |
| Total Other Income/Expenses | 5.49M | -13.59M | -96.99M | -26.87M | -24.32M |
| Income Before Tax | -46.13M | -100.96M | -204.31M | -101.01M | -93.49M |
| Income Before Tax Ratio | -12.12% | -31.91% | -82.25% | -54.33% | -62.50% |
| Income Tax Expense | 1.20M | 321.00K | -4.66M | 234.41K | 60.00K |
| Net Income | -47.33M | -101.28M | -199.65M | -101.25M | -93.55M |
| Net Income Ratio | -12.43% | -32.02% | -80.37% | -54.45% | -62.54% |
| EPS | -0.23 | -0.51 | -1.01 | -0.52 | -0.48 |
| EPS Diluted | -0.23 | -0.51 | -1.01 | -0.52 | -0.48 |
| Weighted Avg Shares Out | 201.89M | 198.05M | 196.80M | 196.21M | 196.21M |
| Weighted Avg Shares Out (Dil) | 201.89M | 198.05M | 196.80M | 196.21M | 196.21M |
Investors With Losses In AvidXchange Holdings Inc Can Join Fraud Investigation With The Schall Law Firm
LOS ANGELES, CA / ACCESSWIRE / August 19, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of AvidXchange Holdings, Inc. ("AvidXchange" or "the Company") (NASDAQ:AVDX) for...
AVDX Investigation: Kessler Topaz Meltzer & Check, LLP Encourages AvidXchange Holdings, Inc. (NASDAQ: AVDX) Investors with Significant Losses to Contact the Firm
RADNOR, PA / ACCESSWIRE / August 18, 2024 / The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) is currently investigating potential violations of the federal securities laws on behalf of investors of AvidXchange Holdings, Inc. (NASDAQ:AVDX) ("AvidXchange")....
AvidXchange Holdings Inc Stockholders Can Participate In Fraud Lawsuit With The Schall Law Firm
LOS ANGELES, CA / ACCESSWIRE / August 18, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of AvidXchange Holdings, Inc. ("AvidXchange" or "the Company") (NASDAQ:AVDX) for...
SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of AvidXchange Holdings, Inc. - AVDX
NEW YORK , Aug. 17, 2024 /PRNewswire/ -- Pomerantz LLP is investigating claims on behalf of investors of AvidXchange Holdings, Inc. ("AvidXchange" or the "Company") (NASDAQ: AVDX). Such investors are advised to contact Danielle Peyton at [email protected] or 646-581-9980, ext.
AvidXchange Holdings Inc Investors Can Join In Fraud Case With The Schall Law Firm
LOS ANGELES, CA / ACCESSWIRE / August 17, 2024 / The Schall Law Firm , a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of AvidXchange Holdings, Inc. ("AvidXchange" or "the Company") (NASDAQ:AVDX)...
AvidXchange Holdings, Inc. Investigated Regarding Potential Securities Law Violations - Contact Levi & Korsinsky for Details- AVDX
NEW YORK, NY / ACCESSWIRE / August 16, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of AvidXchange Holdings, Inc. ("AvidXchange") (NASDAQ:AVDX) concerning possible violations of federal securities laws. AvidXchange conducted its initial public offering...
AvidXchange Holdings, Inc. INVESTIGATION: Levi & Korsinsky Investigates Potential Securities Fraud by AvidXchange (AVDX)
NEW YORK, NY / ACCESSWIRE / August 16, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of AvidXchange Holdings, Inc. ("AvidXchange") (NASDAQ:AVDX) concerning possible violations of federal securities laws. AvidXchange conducted its initial public offering...
AVDX Investigation Notice: Kessler Topaz Meltzer & Check, LLP Encourages AvidXchange Holdings, Inc. (NASDAQ: AVDX) Investors with Significant Losses to Contact the Firm
RADNOR, PA / ACCESSWIRE / August 16, 2024 / The law firm of Kessler Topaz Meltzer & Check, LLP (www.ktmc.com) is currently investigating potential violations of the federal securities laws on behalf of investors of AvidXchange Holdings, Inc. (NASDAQ:AVDX) ("AvidXchange")....
AvidXchange Holdings Inc Shareholders Invited To Join In Fraud Investigation With The Schall Law Firm
LOS ANGELES, CA / ACCESSWIRE / August 16, 2024 / The Schall Law Firm , a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of AvidXchange Holdings, Inc. ("AvidXchange" or "the Company") (NASDAQ:AVDX)...
Lost Money on AvidXchange Holdings, Inc.(AVDX)? You May Have Been Affected by Fraud - Contact Levi & Korsinsky
NEW YORK, NY / ACCESSWIRE / August 16, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of AvidXchange Holdings, Inc. ("AvidXchange") (NASDAQ:AVDX) concerning possible violations of federal securities laws. AvidXchange conducted its initial public offering...
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