See more : Global Service Center Public Company Limited (GSC.BK) Income Statement Analysis – Financial Results
Complete financial analysis of Avantax, Inc. (AVTA) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Avantax, Inc., a leading company in the Asset Management industry within the Financial Services sector.
You may be interested
- QuantaSing Group Ltd (QSG) Income Statement Analysis – Financial Results
- Public Joint-Stock Company Mediaholding (ODVA.ME) Income Statement Analysis – Financial Results
- Hitachi Energy India Limited (POWERINDIA.NS) Income Statement Analysis – Financial Results
- Canadian Tire Corporation, Limited (CDNAF) Income Statement Analysis – Financial Results
- Quality Houses Hotel and Residence Freehold and Leasehold Property Fund (QHHR.BK) Income Statement Analysis – Financial Results
Avantax, Inc. (AVTA)
About Avantax, Inc.
Avantax, Inc. provides wealth management solutions to consumers, small business owners, tax professionals, financial professionals, and certified public accounting firms in the United States. The company offers an integrated platform of technical, practice, compliance, operations, sales, and product support tools that enable to offer tax-advantaged planning, investing, and wealth management services. It also provides financial planning and advisory services, and retirement plan solutions. The company was formerly known as Blucora, Inc. and changed its name to Avantax, Inc. in January 2023. Avantax, Inc. was founded in 1983 and is headquartered in Dallas, Texas.
| Metric | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 | 2008 | 2007 | 2006 | 2005 | 2004 | 2003 | 2002 | 2001 | 2000 | 1999 | 1998 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 666.50M | 885.20M | 754.95M | 717.95M | 560.46M | 509.56M | 455.91M | 117.71M | 580.72M | 573.98M | 406.92M | 228.81M | 246.84M | 207.65M | 156.73M | 140.54M | 371.74M | 339.97M | 249.35M | 160.05M | 136.14M | 161.92M | 214.53M | 36.90M | 9.40M |
| Cost of Revenue | 444.92M | 479.85M | 398.29M | 362.77M | 297.21M | 279.88M | 256.51M | 26.47M | 320.50M | 340.46M | 267.45M | 154.96M | 158.55M | 136.20M | 87.51M | 71.57M | 209.55M | 166.73M | 106.91M | 29.26M | 36.78M | 41.84M | 23.44M | 2.90M | -600.00K |
| Gross Profit | 221.58M | 405.35M | 356.66M | 355.17M | 263.25M | 229.68M | 199.40M | 91.24M | 260.22M | 233.52M | 139.47M | 73.85M | 88.29M | 71.45M | 69.22M | 68.97M | 162.19M | 173.24M | 142.45M | 130.80M | 99.36M | 120.08M | 191.09M | 34.00M | 10.00M |
| Gross Profit Ratio | 33.25% | 45.79% | 47.24% | 49.47% | 46.97% | 45.07% | 43.74% | 77.51% | 44.81% | 40.68% | 34.27% | 32.28% | 35.77% | 34.41% | 44.17% | 49.08% | 43.63% | 50.96% | 57.13% | 81.72% | 72.98% | 74.16% | 89.08% | 92.14% | 106.38% |
| Research & Development | 8.70M | 30.70M | 27.26M | 30.93M | 19.33M | 19.61M | 17.78M | 5.11M | 20.67M | 11.68M | 9.97M | 7.16M | 9.75M | 5.62M | 9.93M | 9.92M | 46.34M | 31.20M | 23.14M | 23.67M | 35.20M | 39.34M | 40.62M | 3.20M | 600.00K |
| General & Administrative | 92.76M | 98.67M | 82.16M | 78.53M | 60.12M | 52.67M | 47.40M | 43.56M | 39.12M | 29.85M | 27.42M | 21.54M | 33.45M | 23.59M | 24.08M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Selling & Marketing | 97.91M | 173.33M | 177.62M | 126.21M | 111.36M | 102.80M | 89.36M | 45.85M | 118.12M | 98.68M | 44.14M | 21.51M | 35.82M | 25.38M | 24.26M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 190.67M | 272.00M | 259.78M | 204.73M | 171.49M | 155.47M | 136.76M | 89.42M | 157.24M | 128.53M | 71.56M | 43.05M | 69.28M | 48.97M | 48.34M | 134.34M | 98.24M | 71.30M | 59.83M | 86.28M | 89.60M | 118.33M | 125.09M | 33.40M | 9.00M |
| Other Expenses | 37.73M | 39.23M | 37.04M | 42.84M | -15.80M | -44.55M | -39.78M | -12.54M | -14.77M | -29.62M | 205.00K | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Operating Expenses | 237.10M | 341.93M | 324.07M | 278.50M | 195.29M | 178.54M | 158.42M | 96.05M | 205.85M | 159.07M | 95.26M | 53.62M | 82.49M | 61.83M | 63.71M | 146.56M | 172.88M | 126.83M | 96.67M | 120.96M | 222.20M | 394.39M | 349.24M | 42.20M | 12.10M |
| Cost & Expenses | 682.02M | 821.78M | 722.36M | 641.27M | 492.49M | 458.42M | 414.92M | 122.52M | 526.34M | 499.53M | 362.71M | 208.58M | 241.04M | 198.03M | 151.22M | 218.12M | 382.43M | 293.55M | 203.58M | 150.21M | 258.99M | 436.23M | 372.68M | 45.10M | 11.50M |
| Interest Income | 217.00K | 21.00K | 65.00K | 449.00K | 349.00K | 110.00K | 81.00K | 609.00K | 352.00K | 300.00K | 131.00K | 369.00K | 331.00K | 3.39M | 7.32M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest Expense | 475.00K | 29.95M | 25.26M | 19.25M | 15.77M | 23.16M | 37.11M | 12.91M | 14.89M | 12.30M | 3.85M | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Depreciation & Amortization | 31.83M | 43.43M | 39.91M | 44.21M | 38.59M | 38.14M | 38.69M | 22.59M | 36.68M | 28.27M | 23.01M | 7.46M | 7.09M | 7.25M | 7.34M | 5.54M | 28.30M | 24.33M | 16.89M | 18.97M | 35.94M | 256.07M | 183.53M | 5.60M | 2.50M |
| EBITDA | 22.21M | 104.72M | -269.12M | 119.95M | 106.84M | 88.18M | 78.25M | 17.78M | 19.42M | 102.71M | 72.62M | 27.69M | 13.70M | 9.62M | 5.72M | -63.62M | 80.17M | -7.48M | 54.70M | 48.27M | 8.99M | 205.68M | 144.28M | 10.90M | 7.40M |
| EBITDA Ratio | 3.33% | 11.83% | 8.76% | 16.71% | 19.06% | 18.13% | 18.32% | 15.11% | 26.50% | 17.90% | 16.40% | 12.10% | 11.43% | 9.10% | 3.65% | -45.27% | 21.57% | -2.20% | 21.94% | 30.16% | 6.60% | 127.02% | 67.25% | 29.54% | 78.72% |
| Operating Income | -15.52M | 61.29M | 26.20M | 75.75M | 67.68M | 48.04M | 37.12M | -4.81M | -8.44M | 74.45M | 43.72M | 20.23M | 5.80M | 9.62M | 5.50M | -87.18M | -73.01M | 46.42M | 45.56M | -1.88M | -124.68M | -291.70M | -158.15M | -8.20M | -2.10M |
| Operating Income Ratio | -2.33% | 6.92% | 3.47% | 10.55% | 12.08% | 9.43% | 8.14% | -4.08% | -1.45% | 12.97% | 10.74% | 8.84% | 2.35% | 4.63% | 3.51% | -62.03% | -19.64% | 13.65% | 18.27% | -1.18% | -91.58% | -180.15% | -73.72% | -22.22% | -22.34% |
| Total Other Income/Expenses | 3.71M | -62.75M | -280.42M | -92.65M | -15.80M | -44.55M | -39.78M | -12.54M | -28.11M | -29.62M | -12.98M | 0.00 | 7.41M | -2.03M | -21.37M | 16.11M | 19.38M | 89.48M | 5.42M | -3.56M | -13.52M | -211.04M | -122.07M | -13.50M | -7.00M |
| Income Before Tax | -11.81M | -1.46M | -300.42M | -16.91M | 51.88M | 3.49M | -2.66M | -17.35M | -23.21M | 44.83M | 37.53M | 20.23M | 21.11M | 7.58M | -15.88M | -71.07M | -53.63M | 135.89M | 50.97M | -5.44M | -138.20M | -498.24M | -280.22M | -21.70M | -9.10M |
| Income Before Tax Ratio | -1.77% | -0.17% | -39.79% | -2.35% | 9.26% | 0.68% | -0.58% | -14.74% | -4.00% | 7.81% | 9.22% | 8.84% | 8.55% | 3.65% | -10.13% | -50.57% | -14.43% | 39.97% | 20.44% | -3.40% | -101.51% | -307.71% | -130.62% | -58.81% | -96.81% |
| Income Tax Expense | -14.93M | -9.22M | 42.33M | -65.05M | 311.00K | -25.89M | -1.29M | -4.62M | 12.34M | 20.43M | 15.00M | -12.02M | 7.41M | -2.18M | 598.00K | 19.67M | -38.54M | -23.48M | -29.00K | 876.00K | 430.00K | 664.00K | 137.10K | 13.50M | 7.00M |
| Net Income | 3.12M | 7.76M | -342.76M | 48.15M | 50.63M | 27.04M | -65.16M | -40.07M | -35.55M | 24.40M | 22.53M | 22.33M | 13.70M | 9.76M | -18.70M | 14.58M | -15.09M | 159.37M | 82.40M | -6.32M | -345.25M | -502.08M | -282.41M | -21.70M | -9.10M |
| Net Income Ratio | 0.47% | 0.88% | -45.40% | 6.71% | 9.03% | 5.31% | -14.29% | -34.05% | -6.12% | 4.25% | 5.54% | 9.76% | 5.55% | 4.70% | -11.93% | 10.37% | -4.06% | 46.88% | 33.05% | -3.95% | -253.60% | -310.08% | -131.64% | -58.81% | -96.81% |
| EPS | 0.07 | 0.16 | -7.14 | 1.00 | 1.07 | 0.61 | -1.60 | -0.98 | -0.86 | 0.59 | 0.56 | 0.59 | 0.13 | 0.28 | -0.54 | 0.67 | -0.46 | 4.94 | 2.57 | -0.20 | -11.26 | -15.77 | -92.75 | -0.21 | -0.07 |
| EPS Diluted | 0.06 | 0.16 | -7.14 | 0.98 | 1.03 | 0.57 | -1.57 | -0.98 | -0.86 | 0.56 | 0.54 | 0.58 | 0.13 | 0.28 | -0.54 | 0.67 | -0.46 | 4.47 | 2.26 | -0.20 | -11.26 | -15.77 | -92.75 | -0.21 | -0.07 |
| Weighted Avg Shares Out | 47.99M | 48.34M | 47.98M | 48.26M | 47.39M | 44.37M | 40.74M | 40.96M | 41.40M | 41.20M | 40.28M | 37.95M | 35.89M | 34.98M | 34.42M | 32.64M | 33.04M | 35.62M | 32.11M | 31.23M | 30.66M | 31.84M | 3.04M | 103.10M | 122.12M |
| Weighted Avg Shares Out (Dil) | 49.18M | 48.58M | 47.98M | 49.28M | 49.38M | 47.21M | 41.49M | 40.96M | 41.40M | 43.48M | 41.67M | 38.62M | 36.83M | 35.43M | 34.42M | 32.64M | 33.04M | 35.62M | 36.46M | 31.23M | 30.66M | 31.84M | 3.04M | 103.10M | 122.12M |
Avantax Welcomes Financial Advisor Bob Ervolina and his New York-based Lifetime Wealth Management Group
25-year industry veteran advisor attracted by close-knit Avantax Community, ease of doing business, and opportunities to partner with CPAs in the Avantax network 25-year industry veteran advisor attracted by close-knit Avantax Community, ease of doing business, and opportunities to partner...
Avantax Has Second-Highest Ratio of Women Advisors Among Broker-Dealers in Financial Planning's IBD Elite 2023 Study
DALLAS, Sept. 19, 2023 (GLOBE NEWSWIRE) -- Avantax®, a leader in tax-focused financial planning and wealth management, has the second-highest ratio of women as a percentage of producing reps – 24% – when compared with all other broker dealers in...
AVANTAX INVESTOR ALERT by the Former Attorney General of Louisiana: Kahn Swick & Foti, LLC Investigates Adequacy of Price and Process in Proposed Sale of Avantax, Inc. - AVTA
NEW ORLEANS--(BUSINESS WIRE)--Former Attorney General of Louisiana Charles C. Foti, Jr., Esq. and the law firm of Kahn Swick & Foti, LLC (“KSF”) are investigating the proposed sale of Avantax, Inc. (NasdaqGS: AVTA) to Cetera Holdings. Under the terms of...
Why Avantax Stock Soared 29% This Week
On Monday, Avantax announced it has agreed to be acquired by Cetera Holdings in an all-cash transaction worth $1.2 billion. The deal still requires approval from shareholders and regulators, but is expected to close by the end of 2023.
ALERT: Rowley Law PLLC is Investigating Proposed Acquisition of Avantax, Inc.
NEW YORK , Sept. 11, 2023 /PRNewswire/ -- Rowley Law PLLC is investigating potential securities law violations by Avantax, Inc. (NASDAQ: AVTA) and its board of directors concerning the proposed acquisition of the company by Cetera Holdings.
Cetera to Aquire Avantax in $1.2 Billion Cash Deal
Avantax (AVTA), a leader in tax-focused financial planning and wealth management, has agreed to be acquired by financial advisor, Cetera, in a deal valued at approximately $1.2 billion.
Shareholder Alert: Ademi LLP investigates whether Avantax, Inc. has obtained a Fair Price in its transaction with Cetera
MILWAUKEE , Sept. 11, 2023 /PRNewswire/ -- Ademi LLP is investigating Avantax (NASDAQ: AVTA) for possible breaches of fiduciary duty and other violations of law in its transaction with Cetera.
AVTA Stock Alert: Halper Sadeh LLC Is Investigating Whether the Sale of Avantax, Inc. Is Fair to Shareholders
NEW YORK--(BUSINESS WIRE)--Halper Sadeh LLC, an investor rights law firm, is investigating whether the sale of Avantax, Inc. (NASDAQ: AVTA) to Cetera Holdings for $26.00 in cash per share is fair to Avantax shareholders. Halper Sadeh encourages Avantax shareholders to...
Avantax to go private in deal valued at $1.2B
Avantax Inc. AVTA, +0.50% stock was up 2.6% in premarket trades Monday after it said it agreed to be acquired by Cetera Financial Group for $26 a share in a go-private deal that values the wealth management and tax preparation...
Avantax Enters into Definitive Agreement to be Acquired by Cetera Holdings
Avantax Stockholders to Receive $26.00 Per Share in Cash
Source: https://incomestatements.info
Category: Stock Reports