AvidXchange Holdings, Inc. Income Statement

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Financial Statements

In millions of USD; shares in millions, except per-share amounts

	FY2024 12 months to Dec 31, 2024	FY2023 12 months to Dec 31, 2023	FY2022 12 months to Dec 31, 2022	FY2021 12 months to Dec 31, 2021
Revenues
Cost of revenues (exclusive of depreciation and amortization expense)
Operating expenses
Sales and marketing
Research and development
General and administrative
Impairment and write-off of intangible assets
Depreciation and amortization
Total operating expenses
Loss from operations
Other income (expense)
Interest income
Interest expense
Change in fair value of derivative instrument
Charge for amending financing advisory engagement letter - related party
Other income (expenses)

Income (loss) before income taxes
Income tax expense
Net income (loss)
Deemed dividend on preferred stock
Accretion of convertible preferred stock
Net loss attributable to common stockholders
Net loss per share attributable to common stockholders, basic and diluted
Weighted average number of common shares used to compute net loss per share attributable to common stockholders, basic and diluted
Net income (loss) per share attributable to common stockholders, basic
Net income (loss) per share attributable to common stockholders, diluted
Weighted average number of common shares used to compute net income (loss) per share attributable to common stockholders, basic
Weighted average number of common shares used to compute net income (loss) per share attributable to common stockholders, diluted

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