AvidXchange Holdings, Inc.
ir.avidxchange.comNo Longer Reporting
The company has not filed an annual or quarterly report since its Q2 FY2025 10-Q, filed Aug 7, 2025. Its latest SEC filing is a 15-12G from Oct 27, 2025.
10-Q for Q2 FY2025, filed Aug 7, 2025
The sections below describe the company as of the FY2024 annual report.
What Did They Do?
Sells accounts payable automation software and payment solutions to middle-market businesses and their suppliers.
10-K for FY2024, filed Feb 28, 2025We are a leading provider of accounts payable ("AP") automation software and payment solutions for middle market businesses and their…View ↗
AP Automation Software. We have developed a SaaS-based solution automating and digitizing the capture, review, approval and payment of…View ↗
The AvidPay Network. Our two-sided payments network connects our buyers with their suppliers, enabling invoice payments on behalf of a…View ↗
How Did They Make Money?
AvidXchange charges buyers monthly for invoice and payment processing, with fees tied to transaction volume and some maintenance or subscription charges. It also earns fees on virtual-card payments and supplier transactions, plus interest on buyer funds held while payments clear.
10-K for FY2024, filed Feb 28, 2025Software revenue is tailored specifically to the Company’s buyer customers and include AvidInvoice, AvidPay, AvidUtility, AvidBill, Avid…View ↗
Payment revenue includes (i) interchange fees earned on payment transactions processed as VCC, (ii) fees from supplier product offerings…View ↗
F-17 receive electronic payments with enhanced remittance data. Payment Accelerator is an open-end credit program that offers certain…View ↗
Payment revenue also includes interest income received from buyer customer deposits held during the payment clearing process. Such funds…View ↗
$438.9M
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10-K for FY2024, filed Feb 28, 2025
$438.9M ↗
Who Were Their Customers?
Middle-market businesses in real estate, construction, finance, healthcare, education, hospitality and other sectors buy AvidXchange’s software directly or through referral and reseller partners; suppliers receive payments through its network.
10-K for FY2024, filed Feb 28, 2025We are a leading provider of accounts payable ("AP") automation software and payment solutions for middle market businesses and their…View ↗
We do not have significant customer concentration in our business, with no single customer contributing more than 5% of 2024 revenue and…View ↗
We sell our solutions through a hybrid go-to-market strategy that includes direct and indirect channels. Our direct sales force leverages…View ↗
Did Revenues Turn Into Profits?
Yes. It kept 2 cents of every revenue dollar as net income in FY2024.
How Were They Changing?
- Net income
-
Sources
10-Q for Q2 FY2025, filed Aug 6, 2025
−$9.5MView ↗
- ▼ Now a loss
- vs $436K in Q2 FY2024
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Oct 15, 2025
TPG and Corpay completed the acquisition, taking AvidXchange private
AvidXchange shares ceased trading and the company left Nasdaq.
Sources
8-K, filed Oct 15, 2025
Charlotte, N.C. – October 15, 2025 – AvidXchange Holdings, Inc. (“AvidXchange” or the “Company”) (Nasdaq: AVDX), a leading provider of…View ↗
Grew. Revenue grew 2.4x in 4 years, from $185.9M in FY2020 to $438.9M in FY2024, about 24% a year.
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