See more : Lazard Global Total Return and Income Fund, Inc. (LGI) 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.
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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 Anna Luke and Her Comprehensive Financial Services Team with over $230 Million in Total Client Assets
30-year-old, California-based wealth management firm attracted by opportunities to partner with CPAs across the Avantax Community to deliver unified services to clients 30-year-old, California-based wealth management firm attracted by opportunities to partner with CPAs across the Avantax Community to deliver...
Avantax Welcomes CFR Capital with $120 Million in Total Client Assets
Scottsdale-based firm attracted by Avantax's technology, tax-focus and collaborative community Scottsdale-based firm attracted by Avantax's technology, tax-focus and collaborative community
Avantax Named Finalist in Service Excellence Category at the 2023 WealthManagement.com “Wealthies” Industry Awards
Firm's proactive service journey and subsequent results earn nod from notable industry awards Firm's proactive service journey and subsequent results earn nod from notable industry awards
Avantax Acquires Summit Wealth Advocates Adding 7-person Team and $330 Million in Total Client Assets to Avantax's Employee-based Model
DALLAS, Aug. 22, 2023 (GLOBE NEWSWIRE) -- Avantax® , a leader in tax-focused financial planning and wealth management, has acquired Summit Wealth Advocates (Summit), a Minnesota-based wealth management firm with approximately $330 million in total client assets as of June...
Avantax Recruiting Outlook Remains Strong as Tax and Financial Professionals Seek Faster Growth and Superior Service
More than 100 independent Financial Professionals have joined Avantax this year through the second quarter as they seek better support, resources and more collaboration on tax-intelligent planning More than 100 independent Financial Professionals have joined Avantax this year through the...
The 3 Most Undervalued Financial Services Stocks to Buy Now: August 2023
There are many options to invest in the financial sector of the capital markets. It can be quite difficult and cumbersome to look for the best investment opportunities within such a large sector.
Avantax, Inc. (AVTA) Q2 2023 Earnings Call Transcript
Avantax, Inc. (NASDAQ:AVTA ) Q2 2023 Earnings Conference Call August 10, 2023 8:30 AM ET Company Participants Dee Littrell - Investor Relations Chris Walters - Chief Executive Officer Marc Mehlman - Chief Financial Officer Conference Call Participants Joshua Siegler -...
Why Avantax Stock Was Down 19.9% This Week
Avantax rebranded from Blucora in Q1 and is now a pure-play wealth manager. Earnings were down in the second quarter, but revenue was up.
Avantax (AVTA) Q2 Earnings and Revenues Miss Estimates
Avantax (AVTA) came out with quarterly earnings of $0.09 per share, missing the Zacks Consensus Estimate of $0.17 per share. This compares to earnings of $0.99 per share a year ago.
Avantax to Announce Second Quarter 2023 Financial Results Wednesday, August 9, 2023
DALLAS, July 31, 2023 (GLOBE NEWSWIRE) -- Avantax, Inc. (NASDAQ: AVTA), a leading provider of tax-focused wealth management services, that empowers people to improve their financial wellness, will announce its second quarter 2023 financial results following market close on Wednesday, August 9,...
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