AvidXchange Holdings, Inc. provides accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers in North America. The company offers AP automation software, a SaaS-based solution that automates and digitizes capture, review, approval, and payment of invoices for buyers; the AvidPay network that connects two-sided payments with buyers and suppliers; and cash flow manager that provides cash management solutions. Its platform offers electronic invoice capture, workflow routing, and automated payments solutions. The company markets its solutions through direct salesforces; strategic channel partnerships; and software and technology business partners. It serves real estate, homeowners associations, construction, financial services, healthcare facilities, social services, education, and media sectors. The company was incorporated in 2000 and is headquartered in Charlotte, North Carolina.

AvidXchange Holdings, Inc.

AvidXchange is a leading provider of accounts payable (“AP”) automation software and payment solutions for middle market businesses and their suppliers. 

We drive innovation through our most valuable resource: our teammates. We're all entrepreneurs who love to innovate and win, with a passion for serving our customers. If you want to help us grow while realizing your potential and creating stories you'll tell for years, you've come to the right place - join our team and become an AvidXer.

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AvidXchange, Inc.

If you're at the 2024 NAI Global Convention in Frisco, TX this week, make sure you stop by booth #10 to learn about the power of #accountspayable automation and enter to win our raffle! 

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#CRE #CommercialRealEstate #Brokers #NAICON24 #AP #Automation

Accounts Payable 🫶 AI

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#AI #AccountsPayable #DigitalTransformation #ArtificialIntelligence #blog

This Black History Month, we celebrate and honor the incredible achievements of the Black community throughout history. #BlackHistoryMonth

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 #AccountsPayable #FinanceExcellence #BusinessTips

	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23
net income	-93.55M -	-101.25M 8.23%	-199.65M 97.19%	-101.28M 49.27%	-47.33M 53.27%
depreciation and amortization	22.34M -	27.51M 23.16%	30.74M 11.72%	32.84M 6.84%	35.91M 9.35%
deferred income tax	60K -	181.41K 202.34%	-4.73M 2,706.29%	216K 104.57%	721K 233.80%
stock based compensation	1.38M -	1.63M 18.22%	21.43M 1,214.38%	31.84M 48.58%	40.86M 28.32%
change in working capital	-408K -	15.61M 3,925.03%	-2.44M 115.62%	-3.23M 32.53%	-22.17M 586.17%
accounts receivables	-2.33M -	-5.71M 145.34%	-4.71M 17.48%	-10.29M 118.31%	-8.29M 19.44%
inventory	2.29M -	9.76M 326.75%	-3.11M 131.84%
accounts payables	3.67M -	14.15M 286.06%	-12.38M 187.48%	-3.38M 72.65%	2.86M 184.55%
other working capital	-4.03M -	-2.59M 35.83%	17.76M 786.49%	10.44M 41.19%	-16.74M 260.33%
other non cash items	8.38M -	12.19M 45.35%	85.98M 605.59%	10.92M 87.30%	457K 95.81%
net cash provided by operating activities	-61.79M -	-44.13M 28.58%	-68.67M 55.60%	-28.70M 58.20%	8.45M 129.44%
investments in property plant and equipment	-9.25M -	-12.05M 30.21%	-18.33M 52.09%	-27.80M 51.72%	-18.30M 34.17%
acquisitions net	-105.83M -	-19.83M 81.26%	-46.09M 132.44%
purchases of investments				-385.02M -	-274.00M 28.84%
sales maturities of investments				276.14M -	345.66M 25.17%
other investing activites	-1.77M -	-4.68M 164.96%	-19.69M 320.61%	-3.67M 81.38%	-1.42M 61.37%
net cash used for investing activites	-116.86M -	-36.56M 68.71%	-84.11M 130.05%	-140.35M 66.87%	51.95M 137.01%
debt repayment	-73.56M -	-2.58M 96.49%	-2.14M 17.16%	-112.03M 5,137.68%	-6.95M 93.80%
common stock issued	247.82M -	301.73M 21.76%	627.98M 108.12%	1.45M 99.77%	3.80M 162.64%
common stock repurchased	-11.18M -	-195.74M 1,650.20%	-169M 13.66%
dividends paid	-247.82M -	-301.73M 21.76%	-6.29M 97.92%
other financing activites	393.00M -	392.12M 0.22%	1.12B 184.94%	108.86M 90.26%	293.99M 170.06%
net cash used provided by financing activities	308.26M -	193.79M 37.13%	1.57B 709.03%	-1.73M 100.11%	290.85M 16,941.11%
effect of forex changes on cash					-500.69M -
net change in cash	129.61M -	113.11M 12.74%	1.42B 1,151.12%	-170.78M 112.07%	56.41M 133.03%
cash at beginning of period	147.36M -	276.97M 87.96%	390.08M 40.84%	1.81B 362.77%	350.56M 80.58%
cash at end of period	276.97M -	390.08M 40.84%	1.81B 362.77%	1.63B 9.46%	406.97M 75.10%
operating cash flow	-61.79M -	-44.13M 28.58%	-68.67M 55.60%	-28.70M 58.20%	8.45M 129.44%
capital expenditure	-9.25M -	-12.05M 30.21%	-18.33M 52.09%	-27.80M 51.72%	-18.30M 34.17%
free cash flow	-71.05M -	-56.18M 20.93%	-86.99M 54.85%	-56.51M 35.05%	-9.85M 82.56%

COM:AVIDXCHANGE

AvidXchange Holdings, Inc.

Last Close

10.87

22/11 21:00

Market Cap

2.50B

Beta: -

Volume Today

2.33M

Avg: -

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