AvidXchange Holdings, Inc. financial data

Symbol
AVDX on Nasdaq
Industry
Services-Prepackaged Software
Location
1210 Avidxchange Lane, Charlotte, NC
State of incorporation
DE
Fiscal year end
December 31
Latest financial report
10-Q - Q2 2024 - Aug 2, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 131 % -2.95%
Debt-to-equity 232 % +9.99%
Return On Equity -1.98 % +84.8%
Return On Assets -0.59 % +85.8%
Operating Margin -5.35 % +77.8%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 208M shares +2.82%
Common Stock, Shares, Outstanding 208M shares +2.82%
Entity Public Float 1.65B USD +69%
Common Stock, Value, Issued 207K USD +2.48%
Weighted Average Number of Shares Outstanding, Basic 207M shares +2.71%
Weighted Average Number of Shares Outstanding, Diluted 210M shares +4.37%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 413M USD +19.3%
Revenue from Contract with Customer, Excluding Assessed Tax 413M USD +19.3%
Research and Development Expense 101M USD +9.85%
Selling and Marketing Expense 77M USD -4.05%
General and Administrative Expense 98.5M USD -4.45%
Operating Income (Loss) -22.1M USD +73.5%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -11.9M USD +86%
Income Tax Expense (Benefit) 1.23M USD +218%
Net Income (Loss) Attributable to Parent -13.1M USD +84.6%
Earnings Per Share, Basic -0.06 USD/shares +85.7%
Earnings Per Share, Diluted -0.06 USD/shares +85.7%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 375M USD +11.2%
Marketable Securities, Current 89.9M USD -11%
Accounts Receivable, after Allowance for Credit Loss, Current 50.1M USD +16.5%
Assets, Current 1.74B USD +2.51%
Property, Plant and Equipment, Net 99.3M USD -3.03%
Operating Lease, Right-of-Use Asset 1.3M USD -40.3%
Intangible Assets, Net (Excluding Goodwill) 77M USD -16.2%
Goodwill 166M USD 0%
Other Assets, Noncurrent 4.72M USD +11.4%
Assets 2.11B USD +1.17%
Accounts Payable, Current 15.4M USD -8.39%
Accrued Liabilities, Current 45.7M USD -14.7%
Liabilities, Current 1.27B USD -0.52%
Operating Lease, Liability, Noncurrent 2.69M USD -32.7%
Other Liabilities, Noncurrent 4M USD +23.2%
Liabilities 1.43B USD -1.17%
Retained Earnings (Accumulated Deficit) -1.02B USD -1.3%
Stockholders' Equity Attributable to Parent 686M USD +6.4%
Liabilities and Equity 2.11B USD +1.17%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities -6.35M USD +75.2%
Net Cash Provided by (Used in) Financing Activities -356M USD -52.2%
Net Cash Provided by (Used in) Investing Activities -59.5M USD -235%
Common Stock, Shares Authorized 1.6B shares 0%
Common Stock, Shares, Issued 208M shares +2.82%
Common Stock, Par or Stated Value Per Share 0 USD/shares 0%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect -422M USD -96%
Deferred Tax Assets, Valuation Allowance 166M USD +6.03%
Deferred Tax Assets, Gross 190M USD +3.5%
Operating Lease, Liability 4.8M USD -20.5%
Lessee, Operating Lease, Liability, to be Paid 5.99M USD -23.6%
Property, Plant and Equipment, Gross 146M USD +1.8%
Operating Lease, Liability, Current 1.46M USD -10.7%
Lessee, Operating Lease, Liability, to be Paid, Year Two 1.61M USD -12.7%
Lessee, Operating Lease, Liability, to be Paid, Year One 2M USD 0%
Operating Lease, Weighted Average Discount Rate, Percent 0.11 pure 0%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 1.19M USD -33.9%
Lessee, Operating Lease, Liability, to be Paid, Year Three 811K USD -49.7%
Deferred Tax Assets, Operating Loss Carryforwards 93.4M USD -2.91%
Preferred Stock, Shares Issued 0 shares
Preferred Stock, Shares Authorized 50M shares 0%
Unrecognized Tax Benefits 0 USD -100%
Lessee, Operating Lease, Liability, to be Paid, Year Four 658K USD -18.9%
Operating Lease, Payments 2.27M USD +8.04%
Additional Paid in Capital 1.71B USD +3.29%
Preferred Stock, Shares Outstanding 0 shares
Amortization of Intangible Assets 31.2M USD +9.43%
Depreciation, Depletion and Amortization 9.31M USD +8.4%
Deferred Tax Assets, Net of Valuation Allowance 23.8M USD -11.3%
Share-based Payment Arrangement, Expense 43.4M USD +21.1%
Interest Expense 13.5M USD -22.3%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%