Financial Snapshot

Revenue
$427.6M
TTM
Gross Margin
71.43%
TTM
Net Earnings
-$999.0K
TTM
Current Assets
$1.631B
Q3 2024
Current Liabilities
$1.237B
Q3 2024
Current Ratio
131.83%
Q3 2024
Total Assets
$2.005B
Q3 2024
Total Liabilities
$1.328B
Q3 2024
Book Value
$676.8M
Q3 2024
Cash
$315.3M
Q3 2024
P/E
-2.360K
Nov 29, 2024 EST
Free Cash Flow
$43.08M
TTM

Revenues

Revenues

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Revenue YoY Change

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Revenues

Concept 2023 2022 2021 2020 2019
Revenue $380.7M $316.4M $248.4M $185.9M $149.6M
YoY Change 20.35% 27.35% 33.6% 24.3%

Expenses

Cost Of Revenues

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Gross Profit

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Gross Profit Margin

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Gross Profit

Concept 2023 2022 2021 2020 2019
Revenue $380.7M $316.4M $248.4M $185.9M $149.6M
Cost Of Revenue $121.3M $117.9M $100.1M $83.75M $71.13M
Gross Profit $259.4M $198.5M $148.3M $102.2M $78.45M
Gross Profit Margin 68.14% 62.74% 59.71% 54.95% 52.45%

Selling, General & Admin Expense

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Research & Development

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Depreciation, Depletion & Amortization

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SGA Expense to Gross Profit Ratio

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R&D To Gross Profit Ratio

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DDA To Gross Profit Ratio

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Operating Expenses Total

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Operating Profits/Loss

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Operational Expenses

Concept 2023 2022 2021 2020 2019
Selling, General & Admin $179.4M $169.1M $159.8M $104.3M $91.68M
YoY Change 6.11% 5.86% 53.16% 13.77%
% of Gross Profit 69.17% 85.2% 107.71% 102.09% 116.87%
Research & Development $97.56M $83.91M $65.15M $44.50M $33.59M
YoY Change 16.27% 28.79% 46.4% 32.48%
% of Gross Profit 37.61% 42.27% 43.92% 43.55% 42.82%
Depreciation & Amortization $35.91M $32.84M $30.74M $27.51M $22.34M
YoY Change 9.35% 6.84% 11.72% 23.16%
% of Gross Profit 13.84% 16.55% 20.72% 26.93% 28.48%
Operating Expenses $312.9M $285.9M $257.1M $177.2M $155.5M
YoY Change 9.46% 11.21% 45.03% 13.98%
Operating Profit -$53.50M -$87.38M -$108.7M -$75.07M -$77.06M
YoY Change -38.77% -19.64% 44.84% -2.58%

Interest Expenses

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Interest Expenses To Operating Income %

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Other Expense/Income

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Interest & Other Expense/Income

Concept 2023 2022 2021 2020 2019
Interest Expense $13.52M $20.75M $20.11M $20.08M $17.26M
YoY Change -34.85% 3.19% 0.14% 16.35%
% of Operating Profit
Other Income/Expense, Net $7.371M -$13.59M -$95.58M -$25.94M -$16.43M
YoY Change -154.26% -85.79% 268.42% 57.88%

Income/Loss

Pretax Income

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Income Tax

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Net Profits/Loss

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Pretax Income YoY Change

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Income Tax Rate

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Net Profits/Loss YoY Change

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Basic EPS

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Net Income To Revenue Ratio

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Pretax & Net Income

Concept 2023 2022 2021 2020 2019
Pretax Income -$46.13M -$101.0M -$204.3M -$101.0M -$93.49M
YoY Change -54.31% -50.58% 102.26% 8.05%
Income Tax $1.195M $321.0K -$4.660M $234.0K $60.00K
% Of Pretax Income
Net Earnings -$47.33M -$101.3M -$199.6M -$101.2M -$93.55M
YoY Change -53.27% -49.27% 97.19% 8.23%
Net Earnings / Revenue -12.43% -32.02% -80.37% -54.45% -62.54%
Basic Earnings Per Share -$0.23 -$0.51 -$2.64 -$3.34
Diluted Earnings Per Share -$0.23 -$0.51 -$2.347M -$517.2K -$477.8K

Assets & Liabilities

Cash & Short-Term Investments

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Cash & Equivalents

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Cash To Operating Expenses Ratio

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Inventory

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Receivables

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Total Short-Term Assets

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Property, Plant And Equipment

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Long-Term Investments

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Total Long-Term Assets

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Total Assets

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Net Income To Total Assets Percentage

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Accounts Payable

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Short-Term Debt

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Long Term Debt Due

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Total Short-Term Liabilities

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Long-Term Debt

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Other Long-Term Liabilities

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Total Long-Term Liabilities

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Total Liabilities

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Short-Term To Long-Term Debt Ratio

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Short-Term Assets To Debt Ratio

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Long-Term Debt To Net Income Ratio

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Assets & Liabilities

Concept 2023 2022 2021 2020 2019
Cash & Short-Term Investments $451.6M $461.5M $562.8M $252.5M $225.3M
YoY Change -2.15% -17.99% 122.93% 12.07%
Cash & Equivalents $407.0M $350.6M $562.8M $252.5M $225.3M
Short-Term Investments $44.65M $111.0M
Other Short-Term Assets $1.591B $1.296B $1.253B $146.2M $59.06M
YoY Change 22.7% 3.5% 756.49% 147.62%
Inventory
Prepaid Expenses
Receivables $46.69M $39.67M $30.97M $24.76M $18.82M
Other Receivables $9.744M $10.02M $11.52M $8.855M $5.185M
Total Short-Term Assets $2.099B $1.808B $1.858B $432.3M $308.3M
YoY Change 16.11% -2.71% 329.75% 40.21%
Property, Plant & Equipment $102.6M $106.2M $109.5M $90.01M $82.09M
YoY Change -3.41% -2.99% 21.66% 9.64%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $31.62M $33.47M $32.54M $26.05M $23.62M
YoY Change -5.54% 2.88% 24.92% 10.25%
Total Long-Term Assets $385.0M $404.4M $408.4M $294.2M $265.5M
YoY Change -4.8% -0.99% 38.83% 10.8%
Total Assets $2.484B $2.212B $2.266B $726.5M $573.9M
YoY Change
Accounts Payable $16.78M $13.45M $17.14M $25.42M $10.93M
YoY Change 24.71% -21.52% -32.56% 132.48%
Accrued Expenses $57.89M $74.92M $57.13M $41.62M $51.71M
YoY Change -22.72% 31.13% 37.27% -19.51%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $6.700M $6.902M $5.470M $2.092M $2.349M
YoY Change -2.93% 26.18% 161.48% -10.94%
Total Short-Term Liabilities $1.673B $1.391B $1.332B $213.1M $99.68M
YoY Change 20.25% 4.42% 525.33% 113.75%
Long-Term Debt $132.2M $137.9M $181.1M $171.6M $154.7M
YoY Change -4.11% -23.84% 5.52% 10.93%
Other Long-Term Liabilities $22.19M $25.51M $29.89M $20.35M $10.45M
YoY Change -13.0% -14.66% 46.88% 94.78%
Total Long-Term Liabilities $154.4M $163.4M $210.9M $191.9M $165.1M
YoY Change -5.5% -22.54% 9.9% 16.24%
Total Liabilities $1.827B $1.555B $1.543B $405.0M $264.8M
YoY Change 17.54% 0.73% 281.06% 52.94%

Ownership

Basic Shares Outstanding

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Diluted Shares Outstanding

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Preferred Stock

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Treasury Stock Shares

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Stock Issuance & Repurchase

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Ownership Data

Concept 2023 2022 2021 2020 2019
Basic Shares Outstanding 201.9M 198.0M 85.06M 49.74M
Diluted Shares Outstanding 201.9M 198.0M 85.06M 49.74M
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

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Book Value

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Free Cash Flow

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Free Cash Flow YoY

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Free Cash Flow Margin

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Dividends

Dividends

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Stock Price

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Market Cap: $2.3576 Billion

About AvidXchange Holdings, Inc.

AvidXchange Holdings, Inc. engages in the provision of accounts payable automation software and payment solutions. The company is headquartered in Charlotte, North Carolina and currently employs 1,600 full-time employees. The company went IPO on 2021-10-13. The Company’s cloud-based, software and payment platform digitizes and automates the AP workflow for middle market businesses (AvidXchange’s buyer customers), and their service providers and vendors (AvidXchange’s supplier customers). The firm provides solutions and services throughout North America spanning multiple industries including real estate, homeowner’s associations, construction, financial services (including banks and credit unions), healthcare facilities, social services, education, and media. AvidXchange’s software solutions are delivered primarily through a software-as-a-service (SaaS) platform that connects buyer customers using the Company’s AP automation products with a network of their vendors, including supplier customers. The firm has made payments to more than 1,200,000 supplier customers of its buyers.

Industry: Services-Prepackaged Software Peers: CONDUENT Inc CSG SYSTEMS INTERNATIONAL INC International Money Express, Inc. MONEYGRAM INTERNATIONAL INC Paymentus Holdings, Inc. Remitly Global, Inc. Sabre Corp TaskUs, Inc. VISA INC.