AVDX Stock - AvidXchange Holdings, Inc.
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Financial Statements
| Metric | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Revenue | $438.94M | $380.72M | $316.35M | $248.41M | $185.93M |
| Gross Profit | $317.16M | $259.41M | $198.49M | $148.32M | $102.17M |
| Gross Margin | 72.3% | 68.1% | 62.7% | 59.7% | 55.0% |
| Operating Income | $-2,576,000 | $-53,501,000 | $-87,378,000 | $-107,322,000 | $-74,145,637 |
| Net Income | $8.14M | $-47,325,000 | $-101,284,000 | $-199,649,000 | $-101,246,423 |
| Net Margin | 1.9% | -12.4% | -32.0% | -80.4% | -54.5% |
| EPS | $0.04 | $-0.23 | $-0.51 | $-1.14 | $-0.85 |
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.
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Price Targets
Recent Analyst Actions
| Date | Firm | Action | Rating | Price Target |
|---|---|---|---|---|
| March 4th 2025 | Barclays | Downgrade | Equal Weight | $8← $13 |
| February 27th 2025 | KeyBanc Capital Markets | Downgrade | Sector Weight | - |
| December 11th 2024 | BTIG Research | Resumed | Buy | $14 |
| November 7th 2024 | Compass Point | Upgrade | Buy | $15← $8 |
| September 4th 2024 | Compass Point | Initiation | Neutral | $8 |
| August 20th 2024 | JP Morgan | Downgrade | Neutral | $9← $11 |
| August 1st 2024 | UBS | Downgrade | Neutral | $10← $15 |
| April 15th 2024 | Goldman | Downgrade | Sell | $11.5← $13 |
| April 9th 2024 | Keefe Bruyette | Initiation | Market Perform | $13.5 |
| January 2nd 2024 | Piper Sandler | Downgrade | Neutral | $13← $12 |
| December 6th 2023 | BTIG Research | Initiation | Buy | $14 |
| December 5th 2023 | BMO Capital Markets | Initiation | Market Perform | $11 |
| October 31st 2023 | Wells Fargo | Initiation | Equal Weight | $9 |
| October 20th 2023 | UBS | Initiation | Buy | $11.5 |
| July 18th 2023 | Susquehanna | Initiation | Positive | $15.5 |
Earnings History & Surprises
AVDXEPS Surprise History
Quarterly EPS Details
| Period | Report Date | Estimated EPS | Actual EPS | Surprise | Result |
|---|---|---|---|---|---|
Q4 2025 | Nov 5, 2025 | $0.03 | $0.01 | -66.7% | ✗ MISS |
Q3 2025 | Aug 6, 2025 | $0.06 | $0.05 | -16.7% | ✗ MISS |
Q2 2025 | May 7, 2025 | $0.06 | $0.05 | -16.7% | ✗ MISS |
Q1 2025 | Feb 26, 2025 | $0.06 | $0.08 | +33.3% | ✓ BEAT |
Q4 2024 | Nov 6, 2024 | $0.07 | $0.07 | 0.0% | = MET |
Q3 2024 | Jul 31, 2024 | $0.04 | $0.05 | +13.4% | ✓ BEAT |
Q2 2024 | May 8, 2024 | $0.04 | $0.06 | +55.8% | ✓ BEAT |
Q1 2024 | Feb 28, 2024 | $0.01 | $0.05 | +309.8% | ✓ BEAT |
Q4 2023 | Nov 8, 2023 | $-0.05 | $0.03 | +160.0% | ✓ BEAT |
Q3 2023 | Aug 2, 2023 | $-0.03 | $-0.05 | -95.2% | ✗ MISS |
Q2 2023 | May 3, 2023 | $-0.06 | $-0.02 | +66.7% | ✓ BEAT |
Q1 2023 | Mar 1, 2023 | $-0.09 | $-0.04 | +55.6% | ✓ BEAT |
Q4 2022 | Nov 2, 2022 | $-0.11 | $-0.06 | +45.5% | ✓ BEAT |
Q3 2022 | Aug 3, 2022 | $-0.13 | $-0.07 | +46.2% | ✓ BEAT |
Q2 2022 | May 5, 2022 | $-0.13 | $-0.08 | +38.5% | ✓ BEAT |
Q1 2022 | Mar 7, 2022 | $-0.25 | $-0.16 | +36.0% | ✓ BEAT |
Q4 2021 | Nov 16, 2021 | $-0.13 | $-0.36 | -176.9% | ✗ MISS |
Q4 2021 | Oct 14, 2021 | — | $-0.11 | — | — |
Q1 2021 | Mar 31, 2021 | — | $-0.42 | — | — |
Q4 2020 | Dec 31, 2020 | — | $-0.19 | — | — |
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