See more : Royal Helium Ltd. (RHC.V) 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 |
AVDX INVESTOR ALERT: Bronstein, Gewirtz and Grossman, LLC Announces an Investigation into AvidXchange Holdings, Inc. and Encourages Clients to Contact the Firm!
NEW YORK CITY, NY / ACCESSWIRE / August 16, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of AvidXchange Holdings, Inc. ("AvidXchange" or "the Company") (NASDAQ:AVDX). Investors who purchased AvidXchange securities are encouraged...
AvidXchange Holdings, Inc. Investigated Regarding Potential Securities Law Violations - Contact Levi & Korsinsky for Details- AVDX
NEW YORK, NY / ACCESSWIRE / August 15, 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...
NASDAQ: 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 15, 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")....
ATTENTION AVDX SHAREHOLDERS: Investors who lost money on AvidXchange Holdings, Inc. are urged to contact Levi & Korsinsky about an ongoing investigation
NEW YORK, NY / ACCESSWIRE / August 15, 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 Investors Encouraged To Participate In Fraud Investigation With The Schall Law Firm
LOS ANGELES, CA / ACCESSWIRE / August 15, 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:...
ATTENTION AVDX SHAREHOLDERS: Investors who lost money on AvidXchange Holdings, Inc. are urged to contact Levi & Korsinsky about an ongoing investigation
NEW YORK, NY / ACCESSWIRE / August 15, 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 SHAREHOLDER ALERT: Bronstein, Gewirtz and Grossman, LLC Announces an Investigation into AvidXchange Holdings, Inc. and Encourages Shareholders to Contact the Firm Today!
NEW YORK CITY, NY / ACCESSWIRE / August 15, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of AvidXchange Holdings, Inc. ("AvidXchange" or "the Company") (NASDAQ:AVDX). Investors who purchased AvidXchange securities are encouraged...
Lost Money on AvidXchange Holdings, Inc.(AVDX)? You May Have Been Affected by Fraud- Contact Levi & Korsinsky
NEW YORK, NY / ACCESSWIRE / August 15, 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 Investors Encouraged To Participate In Fraud Investigation With The Schall Law Firm
LOS ANGELES, CA / ACCESSWIRE / August 15, 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:...
AvidXchange Holdings, Inc. Investigated by Shareholder Rights Advocates – Investors Should Contact Levi & Korsinsky Regarding Potential Securities Law Violations - AVDX
NEW YORK, NY / ACCESSWIRE / August 14, 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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