AvidXchange Holdings, Inc. financial data

Symbol
AVDX on Nasdaq
Industry
Services-Prepackaged Software
Location
1210 Avidxchange Lane, Charlotte, North Carolina
State of incorporation
Delaware
Fiscal year end
December 31
Latest financial report
Q1 2024 - May 9, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 131 % -5.64%
Debt-to-equity 236 % +16.4%
Return On Equity -4.94 % +64.3%
Return On Assets -1.47 % +67.8%
Operating Margin -10.1 % +60%

Shares

Label TTM Value / Value Unit Change %
Entity Common Stock, Shares Outstanding 204M shares +2.44%
Common Stock, Shares, Outstanding 206M shares +2.63%
Entity Public Float 1.65B USD +69%
Common Stock, Value, Issued 206K USD +2.49%
Weighted Average Number of Shares Outstanding, Basic 205M shares +2.5%
Weighted Average Number of Shares Outstanding, Diluted 205M shares +2.5%

Income Statement

Label TTM Value / Value Unit Change %
Revenues 399M USD +20.3%
Revenue from Contract with Customer, Excluding Assessed Tax 399M USD +20.3%
Research and Development Expense 100M USD +15.4%
Selling and Marketing Expense 77.1M USD -4.34%
General and Administrative Expense 104M USD +8.64%
Operating Income (Loss) -40.5M USD +51.9%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -31.1M USD +66.1%
Income Tax Expense (Benefit) 1.25M USD +288%
Net Income (Loss) Attributable to Parent -32.3M USD +64.9%
Earnings Per Share, Basic -0.15 USD/shares +67.4%
Earnings Per Share, Diluted -0.15 USD/shares +67.4%

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 344M USD -6.66%
Marketable Securities, Current 99.9M USD +57.2%
Accounts Receivable, after Allowance for Credit Loss, Current 48.9M USD +13.3%
Assets, Current 1.74B USD +12.1%
Property, Plant and Equipment, Net 100M USD -2.7%
Operating Lease, Right-of-Use Asset 1.59M USD -35.1%
Intangible Assets, Net (Excluding Goodwill) 80.9M USD -15.2%
Goodwill 166M USD 0%
Other Assets, Noncurrent 4.64M USD +5.72%
Assets 2.12B USD +8.63%
Accounts Payable, Current 15.4M USD +16.3%
Accrued Liabilities, Current 39.6M USD -24%
Liabilities, Current 1.3B USD +14%
Operating Lease, Liability, Noncurrent 2.91M USD -33.6%
Other Liabilities, Noncurrent 3.93M USD +25.5%
Liabilities 1.45B USD +11.5%
Retained Earnings (Accumulated Deficit) -1.02B USD -3.26%
Stockholders' Equity Attributable to Parent 670M USD +2.89%
Liabilities and Equity 2.12B USD +8.63%

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 206M shares +2.63%
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%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
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 1.69M USD +3.17%
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%
Deferred Income Tax Expense (Benefit) 722K USD +234%
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
Deferred Federal Income Tax Expense (Benefit) 177K USD 0%
Current Income Tax Expense (Benefit) 473K USD +350%
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 2.25M USD +9.74%
Additional Paid in Capital 1.69B USD +3.12%
Preferred Stock, Shares Outstanding 0 shares
Current State and Local Tax Expense (Benefit) 473K USD +350%
Amortization of Intangible Assets 30.6M USD +9.76%
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 42.1M USD +27.4%
Deferred State and Local Income Tax Expense (Benefit) 545K USD +1297%
Interest Expense 13.5M USD -29.1%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%