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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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
revenue	149.58M -	185.93M 24.30%	248.41M 33.61%	316.35M 27.35%	380.72M 20.35%
cost of revenue	71.13M -	83.75M 17.74%	100.09M 19.50%	117.86M 17.76%	157.22M 33.39%
gross profit	78.45M -	102.17M 30.24%	148.32M 45.16%	198.49M 33.82%	223.50M 12.60%
selling and marketing expenses	39.58M -	47.91M 21.04%	63.94M 33.46%	77.73M 21.57%	77.52M 0.27%
general and administrative expenses	52.10M -	56.40M 8.24%	95.82M 69.90%	91.38M 4.63%	101.92M 11.53%
selling general and administrative expenses	91.68M -	104.31M 13.77%	159.76M 53.16%	169.12M 5.86%	172.61M 2.07%
research and development expenses	33.59M -	44.50M 32.48%	65.15M 46.40%	83.91M 28.79%	97.56M 16.27%
other expenses	22.34M -	27.51M 23.16%	30.74M 11.72%	32.84M 6.84%
cost and expenses	218.75M -	260.07M 18.89%	355.73M 36.78%	403.73M 13.49%	427.39M 5.86%
operating expenses	147.62M -	176.32M 19.45%	255.64M 44.99%	285.86M 11.82%	270.17M 5.49%
interest expense	17.26M -	20.08M 16.35%	20.11M 0.14%	20.75M 3.19%	13.52M 34.85%
ebitda	-45.44M -	-44.96M 1.07%	-125.92M 180.10%	-47.37M 62.38%	-10.76M 77.29%
operating income	-69.16M -	-74.15M 7.20%	-107.32M 44.74%	-87.38M 18.58%	-46.67M 46.59%
depreciation and amortization	23.72M -	29.19M 23.04%	-18.60M 163.73%	40.01M 315.07%	35.91M 10.23%
total other income expenses net	-24.32M -	-26.87M 10.46%	-96.99M 261.00%	-13.59M 85.99%	538K 103.96%
income before tax	-93.49M -	-101.01M 8.05%	-204.31M 102.26%	-100.96M 50.58%	-46.13M 54.31%
income tax expense	60K -	234.41K 290.68%	-4.66M 2,088.00%	321K 106.89%	1.20M 272.27%
net income	-93.55M -	-101.25M 8.23%	-199.65M 97.19%	-101.28M 49.27%	-47.33M 53.27%
weighted average shs out	164.50M -	164.50M 0%	170.12M 3.42%	198.05M 16.41%	201.89M 1.94%
weighted average shs out dil	164.50M -	164.50M 0%	170.12M 3.42%	198.05M 16.41%	201.89M 1.94%
eps	-0.57 -	-0.62 8.77%	-1.17 88.71%	-0.51 56.41%	-0.23 54.90%
epsdiluted	-0.57 -	-0.62 8.77%	-1.17 88.71%	-0.51 56.41%	-0.23 54.90%

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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