AvidXchange (AVDX) Financials

$9.74 +0.01 (+0.10%)

Closing price 05/23/2025 04:00 PM Eastern

Extended Trading

$9.70 -0.04 (-0.46%)

As of 05/23/2025 07:55 PM Eastern

Annual Income Statements for AvidXchange

This table shows AvidXchange's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Net Income / (Loss) Attributable to Common Shareholders	8.15	-47	-101	-224	-166	-108
Consolidated Net Income / (Loss)	8.15	-47	-101	-200	-101	-94
Net Income / (Loss) Continuing Operations	8.15	-47	-101	-200	-101	-16
Total Pre-Tax Income	9.07	-46	-101	-204	-101	-93
Total Operating Income	-2.58	-54	-87	-109	-75	-77
Total Gross Profit	317	259	198	248	186	150
Total Revenue	439	381	316	248	186	150
Operating Revenue	439	381	316	248	186	150
Total Cost of Revenue	122	121	118	0.00	0.00	0.00
Operating Cost of Revenue	122	121	118	-	-	-
Total Operating Expenses	320	313	286	357	261	156
Selling, General & Admin Expense	100	102	91	96	56	52
Marketing Expense	83	78	78	64	48	40
Research & Development Expense	101	98	84	65	45	34
Depreciation Expense	36	36	33	31	28	-
Impairment Charge	0.29	0.00	0.00	1.41	0.92	7.89
Total Other Income / (Expense), net	12	7.37	-14	-96	-26	-32
Interest Expense	11	14	21	20	20	17
Interest & Investment Income	23	21	7.16	0.66	1.68	1.38
Income Tax Expense	0.92	1.20	0.32	-4.66	0.23	0.06
Basic Earnings per Share	$0.04	($0.23)	($0.51)	($2.64)	($3.34)	($2.54)
Weighted Average Basic Shares Outstanding	206.10M	201.89M	198.05M	85.06M	49.74M	42.53M
Diluted Earnings per Share	$0.04	($0.23)	($0.51)	($2.64)	($3.34)	($2.54)
Weighted Average Diluted Shares Outstanding	209.16M	201.89M	198.05M	85.06M	49.74M	42.53M
Weighted Average Basic & Diluted Shares Outstanding	204.44M	204.32M	199.47M	85.06M	49.74M	42.53M

This table shows AvidXchange's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	4.67	4.05	0.44	-1.01	-4.47	-8.09	-19	-16	-25	-25
Consolidated Net Income / (Loss)	4.67	4.05	0.44	-1.01	-4.47	-8.09	-19	-16	-25	-25
Net Income / (Loss) Continuing Operations	4.67	4.05	0.44	-1.01	-4.47	-8.09	-19	-16	-25	-25
Total Pre-Tax Income	4.92	4.48	0.56	-0.88	-3.62	-7.96	-19	-16	-25	-25
Total Operating Income	3.63	0.00	-2.10	-4.11	-16	0.00	-20	-17	-24	-22
Total Gross Profit	85	82	75	75	73	68	61	57	-1.80	53
Total Revenue	115	113	105	106	104	99	91	87	86	82
Operating Revenue	115	113	105	106	104	99	91	87	86	82
Total Cost of Revenue	31	30	30	30	31	31	30	29	88	30
Operating Cost of Revenue	31	30	30	30	31	31	30	29	-	30
Total Operating Expenses	82	81	77	79	79	78	81	74	22	75
Selling, General & Admin Expense	27	26	23	24	27	25	28	23	29	24
Marketing Expense	22	21	20	20	19	19	20	20	20	20
Research & Development Expense	25	25	25	26	25	25	25	23	22	22
Depreciation Expense	8.68	9.09	9.21	9.31	9.40	9.05	8.88	8.59	8.46	8.37
Impairment Charge	0.12	0.00	0.00	0.16	-	0.00	0.00	0.00	-	-
Total Other Income / (Expense), net	2.54	3.22	2.66	3.23	2.66	1.67	1.84	1.20	-1.23	-3.18
Interest Expense	2.06	2.61	3.32	3.34	3.41	3.43	3.36	3.32	5.49	5.21
Interest & Investment Income	4.60	5.84	5.98	6.56	6.07	5.10	5.20	4.52	4.26	2.03
Income Tax Expense	0.25	0.43	0.12	0.13	0.86	0.13	0.14	0.07	0.11	0.07
Basic Earnings per Share	$0.02	$0.02	$0.00	$0.00	($0.02)	($0.04)	($0.09)	($0.08)	($0.12)	($0.13)
Weighted Average Basic Shares Outstanding	206.10M	207.24M	207.03M	204.90M	201.89M	202.53M	201.56M	199.90M	198.05M	198.23M
Diluted Earnings per Share	$0.02	$0.02	$0.00	$0.00	($0.02)	($0.04)	($0.09)	($0.08)	($0.12)	($0.13)
Weighted Average Diluted Shares Outstanding	209.16M	209.02M	210.37M	204.90M	201.89M	202.53M	201.56M	199.90M	198.05M	198.23M
Weighted Average Basic & Diluted Shares Outstanding	204.44M	205.73M	207.85M	206.60M	204.32M	203.15M	202.15M	201.25M	199.47M	198.70M

This table details how cash moves in and out of AvidXchange's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Net Change in Cash & Equivalents	-380	351	-171	1,415	113	130
Net Cash From Operating Activities	72	8.45	-29	-69	-44	-62
Net Cash From Continuing Operating Activities	71	8.45	-29	-69	-44	-62
Net Income / (Loss) Continuing Operations	8.15	-47	-101	-200	-101	-94
Consolidated Net Income / (Loss)	8.15	-47	-101	-200	-101	-94
Depreciation Expense	36	36	33	31	28	22
Amortization Expense	0.41	0.43	1.36	1.36	1.18	1.18
Non-Cash Adjustments To Reconcile Net Income	50	40	41	105	12	7.70
Changes in Operating Assets and Liabilities, net	-24	-21	-2.20	-6.29	17	0.53
Net Cash From Investing Activities	-11	52	-140	-84	-37	-117
Net Cash From Continuing Investing Activities	-11	52	-140	-84	-37	-117
Purchase of Property, Plant & Equipment	-2.06	-2.25	-3.92	-1.40	-0.68	-1.94
Acquisitions	-18	-16	-25	-64	-31	-113
Purchase of Investments	-120	-274	-385	0.00	0.00	-
Sale and/or Maturity of Investments	135	346	276	0.00	0.00	-
Other Investing Activities, net	-6.76	-1.42	-2.90	-18	-4.71	-1.73
Net Cash From Financing Activities	-440	291	-1.73	1,568	194	308
Net Cash From Continuing Financing Activities	-440	291	-1.73	1,568	-128	308
Repayment of Debt	-70	-7.17	-112	-1.00	-1.00	-74
Repurchase of Preferred Equity	0.00	0.00	0.00	-169	-47	-11
Repurchase of Common Equity	-50	0.00	0.00	0.00	-150	-1.24
Issuance of Debt	0.00	0.00	67	3.47	4.47	96
Issuance of Common Equity	8.25	3.80	3.02	631	0.00	260
Other Financing Activities, net	-329	294	40	1,104	65	38
Cash Interest Paid	10	12	19	18	18	15
Cash Income Taxes Paid	1.05	0.30	0.13	0.06	-	-

This table details how cash moves in and out of AvidXchange's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	136	-99	4.51	-422	419	39	108	-215	296	-48
Net Cash From Operating Activities	28	25	25	-6.35	19	5.66	8.98	-26	1.16	0.88
Net Cash From Continuing Operating Activities	28	25	25	-6.35	19	5.66	8.98	-26	1.16	0.88
Net Income / (Loss) Continuing Operations	4.67	4.05	0.44	-1.01	-4.47	-8.09	-19	-16	-25	-25
Consolidated Net Income / (Loss)	4.67	4.05	0.44	-1.01	-4.47	-8.09	-19	-16	-25	-25
Depreciation Expense	8.68	9.09	9.21	9.31	9.40	9.05	8.88	8.59	8.46	8.37
Amortization Expense	0.10	0.10	0.11	0.11	0.11	0.11	0.11	0.11	0.34	0.34
Non-Cash Adjustments To Reconcile Net Income	14	14	11	11	11	9.86	11	8.24	14	9.64
Changes in Operating Assets and Liabilities, net	0.07	-2.33	4.04	-26	3.47	-5.27	7.66	-27	3.24	7.90
Net Cash From Investing Activities	40	4.62	3.27	-60	52	-3.28	-41	44	-16	47
Net Cash From Continuing Investing Activities	40	4.62	3.27	-60	52	-3.28	-41	44	-16	47
Purchase of Property, Plant & Equipment	-0.56	-0.41	-0.58	-0.52	-1.25	-0.48	-0.19	-0.33	-1.24	-0.21
Acquisitions	-4.59	-4.85	-4.05	-4.04	-4.15	-4.17	-3.88	-3.86	-4.29	-4.26
Purchase of Investments	0.77	-22	-11	-88	-11	-100	-100	-63	-75	-56
Sale and/or Maturity of Investments	45	34	22	34	68	102	64	112	62	107
Other Investing Activities, net	-0.54	-2.13	-3.44	-0.66	-0.11	-0.36	-0.64	-0.31	2.57	0.10
Net Cash From Financing Activities	68	-128	-24	-356	348	37	139	-234	310	-96
Net Cash From Continuing Financing Activities	68	-128	-24	-356	348	37	139	-234	310	-96
Repayment of Debt	-4.80	-64	-0.41	-0.41	-5.21	-0.41	-0.53	-1.03	-112	-
Repurchase of Common Equity	-25	-	-	-	-	-	-	-	-	-
Issuance of Common Equity	1.44	0.20	3.45	3.17	1.17	0.75	1.52	0.37	1.59	0.40
Other Financing Activities, net	96	-39	-27	-358	352	36	138	-233	356	-96
Cash Interest Paid	2.58	2.09	4.16	1.47	4.09	2.82	2.75	2.70	6.20	4.29
Cash Income Taxes Paid	0.65	0.14	0.25	0.01	0.09	-	0.21	0.00	-	-

This table presents AvidXchange's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020
Total Assets	2,090	2,484	2,212	2,266	727
Total Current Assets	1,721	2,099	1,808	1,858	432
Cash & Equivalents	356	407	351	563	252
Restricted Cash	1,250	1,579	1,284	1,242	138
Short-Term Investments	34	45	111	0.00	-
Accounts Receivable	52	47	40	31	25
Prepaid Expenses	15	12	13	10	8.63
Other Current Assets	14	9.74	10	12	8.86
Plant, Property, & Equipment, net	98	101	104	106	87
Total Noncurrent Assets	271	284	300	302	207
Goodwill	166	166	166	166	106
Intangible Assets	71	85	99	100	72
Other Noncurrent Operating Assets	34	33	36	36	29
Total Liabilities & Shareholders' Equity	2,090	2,484	2,212	2,266	727
Total Liabilities	1,418	1,827	1,555	1,543	405
Total Current Liabilities	1,333	1,673	1,391	1,332	213
Short-Term Debt	4.80	6.43	6.43	5.49	1.00
Accounts Payable	15	17	13	17	25
Accrued Expenses	47	56	74	56	40
Current Deferred Revenue	14	13	12	9.53	6.31
Other Current Liabilities	1,252	1,580	1,286	1,244	140
Total Noncurrent Liabilities	85	154	163	211	192
Long-Term Debt	4.30	70	76	120	98
Capital Lease Obligations	63	62	62	61	73
Noncurrent Deferred Revenue	12	15	17	20	1.66
Other Noncurrent Operating Liabilities	5.93	7.45	8.02	9.54	19
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	672	656	657	723	-511
Total Preferred & Common Equity	672	656	657	723	-511
Preferred Stock	0.00	0.00	0.00	0.00	0.00
Total Common Equity	672	656	657	723	-511
Common Stock	1,686	1,679	1,632	1,595	161
Retained Earnings	-1,014	-1,022	-975	-872	-672

This table presents AvidXchange's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	2,005	2,112	2,119	2,121	2,087	1,950	1,913
Total Current Assets	1,631	1,736	1,738	1,731	1,693	1,551	1,502
Cash & Equivalents	315	375	344	340	337	368	411
Restricted Cash	1,154	1,193	1,220	1,226	1,190	1,051	928
Short-Term Investments	79	90	100	101	101	64	97
Accounts Receivable	56	50	49	41	43	43	40
Prepaid Expenses	13	15	15	13	12	15	13
Other Current Assets	14	13	9.97	10	10	10.00	13
Plant, Property, & Equipment, net	98	99	100	101	102	103	105
Total Noncurrent Assets	275	277	280	288	292	296	306
Goodwill	166	166	166	166	166	166	166
Intangible Assets	74	77	81	89	92	95	102
Other Noncurrent Operating Assets	35	34	33	34	34	35	39
Total Liabilities & Shareholders' Equity	2,005	2,112	2,119	2,121	2,087	1,950	1,913
Total Liabilities	1,328	1,426	1,449	1,472	1,443	1,300	1,240
Total Current Liabilities	1,237	1,274	1,296	1,313	1,281	1,137	1,029
Short-Term Debt	4.80	6.43	6.43	6.43	6.43	6.43	4.80
Accounts Payable	16	15	15	19	17	13	17
Accrued Expenses	47	46	40	47	54	52	67
Current Deferred Revenue	13	12	12	13	13	12	11
Other Current Liabilities	1,156	1,195	1,222	1,228	1,192	1,053	930
Total Noncurrent Liabilities	91	152	153	160	162	163	211
Long-Term Debt	9.10	69	69	75	75	76	123
Capital Lease Obligations	63	63	63	62	62	62	62
Noncurrent Deferred Revenue	12	13	14	15	17	17	18
Other Noncurrent Operating Liabilities	6.44	6.68	6.84	7.08	7.31	7.59	8.15
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	677	686	670	648	645	651	672
Total Preferred & Common Equity	677	686	670	648	645	651	672
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	677	686	670	648	645	651	672
Common Stock	1,695	1,708	1,693	1,666	1,654	1,642	1,621
Retained Earnings	-1,019	-1,023	-1,023	-1,018	-1,010	-991	-949

This table displays calculated financial ratios and metrics derived from AvidXchange's official financial filings.

Metric	2024	2023	2022	2021	2020	2019
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Growth Metrics	-	-	-	-	-	-
Revenue Growth	15.29%	20.35%	27.35%	33.60%	24.30%	0.00%
EBITDA Growth	298.82%	67.74%	65.19%	-183.37%	22.94%	0.00%
EBIT Growth	95.19%	38.77%	52.73%	-123.78%	11.64%	0.00%
NOPAT Growth	93.82%	38.77%	19.64%	-44.84%	2.58%	0.00%
Net Income Growth	117.21%	53.27%	49.27%	-97.19%	-8.23%	0.00%
EPS Growth	117.39%	54.90%	80.68%	20.96%	-31.50%	0.00%
Operating Cash Flow Growth	751.19%	129.45%	58.20%	-55.61%	28.58%	0.00%
Free Cash Flow Firm Growth	-234.51%	2,037.63%	-101.42%	689.80%	0.00%	0.00%
Invested Capital Growth	27.49%	-30.90%	-5.37%	-960.92%	0.00%	0.00%
Revenue Q/Q Growth	2.66%	4.93%	-10.80%	0.00%	0.00%	0.00%
EBITDA Q/Q Growth	122.87%	33.09%	41.09%	0.00%	0.00%	0.00%
EBIT Q/Q Growth	88.35%	12.70%	29.77%	0.00%	0.00%	0.00%
NOPAT Q/Q Growth	-105.57%	12.70%	29.77%	0.00%	0.00%	0.00%
Net Income Q/Q Growth	915.32%	30.28%	31.73%	0.00%	0.00%	0.00%
EPS Q/Q Growth	0.00%	30.30%	-27.50%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	14.32%	185.99%	49.84%	-27.48%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	-794.77%	-1.47%	0.00%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	-12.67%	-41.21%	-64.42%	0.00%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-
Gross Margin	72.26%	68.14%	62.74%	100.00%	100.00%	100.00%
EBITDA Margin	7.77%	-4.51%	-16.81%	-61.50%	-29.00%	-46.77%
Operating Margin	-0.59%	-14.05%	-27.62%	-43.77%	-40.38%	-51.51%
EBIT Margin	-0.59%	-14.05%	-27.62%	-74.42%	-44.43%	-62.50%
Profit (Net Income) Margin	1.86%	-12.43%	-32.02%	-80.37%	-54.45%	-62.54%
Tax Burden Percent	89.84%	102.59%	100.32%	97.72%	100.23%	100.06%
Interest Burden Percent	-351.94%	86.22%	115.55%	110.52%	122.28%	100.00%
Effective Tax Rate	10.16%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	-101.03%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	-56.25%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	38.05%	0.00%
Return on Equity (ROE)	1.23%	-7.20%	-14.67%	-38.23%	-62.98%	0.00%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	-301.03%	0.00%
Operating Return on Assets (OROA)	-0.11%	-2.28%	-3.90%	-12.35%	-11.37%	0.00%
Return on Assets (ROA)	0.36%	-2.02%	-4.52%	-13.34%	-13.94%	0.00%
Return on Common Equity (ROCE)	1.23%	-7.20%	-14.67%	-7.76%	100.12%	0.00%
Return on Equity Simple (ROE_SIMPLE)	1.21%	-7.21%	-15.41%	-27.61%	19.81%	0.00%
Net Operating Profit after Tax (NOPAT)	-2.31	-37	-61	-76	-53	-54
NOPAT Margin	-0.53%	-9.84%	-19.33%	-30.64%	-28.26%	-36.06%
Net Nonoperating Expense Percent (NNEP)	0.60%	-0.57%	-2.49%	-13.46%	-44.78%	0.00%
Return On Investment Capital (ROIC_SIMPLE)	-0.31%	-4.71%	-7.63%	-	-	-
Cost of Revenue to Revenue	27.74%	31.86%	37.26%	0.00%	0.00%	0.00%
SG&A Expenses to Revenue	22.67%	26.77%	28.89%	38.57%	30.33%	34.83%
R&D to Revenue	23.04%	25.62%	26.52%	26.23%	23.93%	22.46%
Operating Expenses to Revenue	72.84%	82.19%	90.36%	143.77%	140.38%	103.96%
Earnings before Interest and Taxes (EBIT)	-2.58	-54	-87	-185	-83	-93
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	34	-17	-53	-153	-54	-70
Valuation Ratios	-	-	-	-	-	-
Price to Book Value (P/BV)	3.17	3.83	3.00	4.09	0.00	0.00
Price to Tangible Book Value (P/TBV)	4.89	6.20	5.03	6.47	0.00	0.00
Price to Revenue (P/Rev)	4.85	6.61	6.24	11.90	3.55	4.41
Price to Earnings (P/E)	261.17	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.38%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	12.26	0.00
Enterprise Value to Revenue (EV/Rev)	1.28	1.64	1.18	5.38	6.86	0.00
Enterprise Value to EBITDA (EV/EBITDA)	16.41	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	7.78	74.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	2.46	0.00	1.45	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-
Debt to Equity	0.11	0.21	0.22	0.26	0.54	0.00
Long-Term Debt to Equity	0.10	0.20	0.21	0.25	0.53	0.00
Financial Leverage	-2.60	-2.66	-2.33	-1.76	-0.68	0.00
Leverage Ratio	3.44	3.57	3.24	2.87	2.26	0.00
Compound Leverage Factor	-12.12	3.08	3.75	3.17	2.76	0.00
Debt to Total Capital	9.69%	17.44%	18.00%	20.51%	34.93%	0.00%
Short-Term Debt to Total Capital	0.65%	0.81%	0.80%	0.60%	0.20%	0.00%
Long-Term Debt to Total Capital	9.05%	16.63%	17.20%	19.90%	34.73%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	168.51%	0.00%
Common Equity to Total Capital	90.31%	82.56%	82.00%	79.49%	-103.44%	0.00%
Debt to EBITDA	2.11	-8.08	-2.71	-1.22	-3.20	0.00
Net Debt to EBITDA	-45.95	110.25	30.11	10.60	4.03	0.00
Long-Term Debt to EBITDA	1.97	-7.71	-2.59	-1.19	-3.18	0.00
Debt to NOPAT	-31.16	-3.70	-2.36	-2.45	-3.28	0.00
Net Debt to NOPAT	677.32	50.51	26.18	21.27	4.14	0.00
Long-Term Debt to NOPAT	-29.09	-3.53	-2.25	-2.38	-3.27	0.00
Altman Z-Score	0.65	0.54	0.38	0.73	-0.07	0.00
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	79.71%	258.97%	0.00%
Liquidity Ratios	-	-	-	-	-	-
Current Ratio	1.29	1.25	1.30	1.39	2.03	0.00
Quick Ratio	0.33	0.30	0.36	0.45	1.30	0.00
Cash Flow Metrics	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-342	254	-13	923	-157	0.00
Operating Cash Flow to CapEx	3,486.86%	374.93%	-732.92%	-4,940.07%	-6,508.70%	-3,178.55%
Free Cash Flow to Firm to Interest Expense	-30.17	18.80	-0.63	45.93	-7.80	0.00
Operating Cash Flow to Interest Expense	6.35	0.63	-1.38	-3.41	-2.20	-3.58
Operating Cash Flow Less CapEx to Interest Expense	6.17	0.46	-1.57	-3.48	-2.23	-3.69
Efficiency Ratios	-	-	-	-	-	-
Asset Turnover	0.19	0.16	0.14	0.17	0.26	0.00
Accounts Receivable Turnover	8.93	8.82	8.96	8.92	7.51	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	4.42	3.72	3.01	2.57	2.14	0.00
Accounts Payable Turnover	7.55	8.03	7.70	0.00	0.00	0.00
Days Sales Outstanding (DSO)	40.90	41.40	40.75	40.94	48.60	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	48.36	45.48	47.37	0.00	0.00	0.00
Cash Conversion Cycle (CCC)	-7.47	-4.08	-6.63	40.94	48.60	0.00
Capital & Investment Metrics	-	-	-	-	-	-
Invested Capital	-896	-1,235	-944	-896	104	0.00
Invested Capital Turnover	-0.41	-0.35	-0.34	-0.63	3.57	0.00
Increase / (Decrease) in Invested Capital	339	-292	-48	-1,000	104	0.00
Enterprise Value (EV)	560	625	374	1,336	1,275	0.00
Market Capitalization	2,127	2,517	1,975	2,955	660	660
Book Value per Share	$3.27	$3.23	$3.31	$3.69	($10.28)	$0.00
Tangible Book Value per Share	$2.11	$2.00	$1.98	$2.33	($13.86)	$0.00
Total Capital	744	795	802	910	494	0.00
Total Debt	72	139	144	187	173	0.00
Total Long-Term Debt	67	132	138	181	172	0.00
Net Debt	-1,568	-1,892	-1,601	-1,619	-217	0.00
Capital Expenditures (CapEx)	2.06	2.25	3.92	1.39	0.68	1.94
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-1,247	-1,598	-1,322	-1,274	-170	0.00
Debt-free Net Working Capital (DFNWC)	393	432	423	531	220	0.00
Net Working Capital (NWC)	388	426	416	526	219	0.00
Net Nonoperating Expense (NNE)	-10	9.87	40	124	49	40
Net Nonoperating Obligations (NNO)	-1,568	-1,892	-1,601	-1,619	-217	0.00
Total Depreciation and Amortization (D&A)	37	36	34	32	29	24
Debt-free, Cash-free Net Working Capital to Revenue	-284.07%	-419.72%	-418.05%	-512.90%	-91.34%	0.00%
Debt-free Net Working Capital to Revenue	89.48%	113.56%	133.68%	213.79%	118.46%	0.00%
Net Working Capital to Revenue	88.38%	111.87%	131.65%	211.58%	117.93%	0.00%
Earnings Adjustments	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.04	($0.23)	($0.51)	($2.64)	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	206.10M	201.89M	198.05M	196.84M	0.00	0.00
Adjusted Diluted Earnings per Share	$0.04	($0.23)	($0.51)	($2.64)	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	209.16M	201.89M	198.05M	196.84M	0.00	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	($2.64)	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	204.44M	204.32M	199.47M	85.06M	0.00	0.00
Normalized Net Operating Profit after Tax (NOPAT)	-2.06	-37	-61	-75	-52	-48
Normalized NOPAT Margin	-0.47%	-9.84%	-19.33%	-30.24%	-27.92%	-32.37%
Pre Tax Income Margin	2.07%	-12.12%	-31.92%	-82.25%	-54.33%	-62.50%
Debt Service Ratios	-	-	-	-	-	-
EBIT to Interest Expense	-0.23	-3.96	-4.21	-9.19	-4.11	-5.42
NOPAT to Interest Expense	-0.20	-2.77	-2.95	-3.79	-2.62	-3.13
EBIT Less CapEx to Interest Expense	-0.41	-4.12	-4.40	-9.26	-4.15	-5.53
NOPAT Less CapEx to Interest Expense	-0.39	-2.94	-3.14	-3.85	-2.65	-3.24
Payout Ratios	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	615.19%	0.00%	0.00%	0.00%	-148.24%	-1.33%

This table displays calculated financial ratios and metrics derived from AvidXchange's official financial filings.

Metric	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	10.93%	14.28%	15.33%	21.63%	20.76%	19.74%	19.06%	21.94%	-30.77%	26.44%
EBITDA Growth	293.81%	0.36%	162.78%	162.96%	57.01%	168.23%	8.87%	31.30%	74.56%	39.50%
EBIT Growth	122.85%	0.00%	89.74%	76.00%	32.86%	100.00%	3.63%	15.75%	64.79%	27.90%
NOPAT Growth	131.01%	0.00%	88.49%	76.00%	32.86%	100.00%	3.63%	15.75%	61.00%	-37.13%
Net Income Growth	204.43%	150.02%	102.32%	93.69%	82.13%	68.11%	27.07%	36.41%	65.28%	28.59%
EPS Growth	200.00%	150.00%	100.00%	100.00%	83.33%	69.23%	30.77%	38.46%	-1,100.00%	81.69%
Operating Cash Flow Growth	46.34%	334.20%	181.42%	75.22%	1,571.71%	546.29%	265.59%	-1.24%	104.25%	494.14%
Free Cash Flow Firm Growth	-219.83%	-126.50%	-104.04%	45.40%	791.09%	464.79%	-73.79%	-79.29%	0.00%	-113.10%
Invested Capital Growth	27.49%	9.11%	0.61%	-24.41%	-30.90%	-52.41%	-27.80%	-22.31%	-5.37%	10.45%
Revenue Q/Q Growth	2.36%	7.27%	-0.44%	1.47%	5.46%	8.26%	4.99%	0.75%	4.57%	7.64%
EBITDA Q/Q Growth	34.99%	27.41%	35.99%	64.31%	-169.90%	179.70%	-36.37%	43.41%	-10.94%	-6.45%
EBIT Q/Q Growth	0.00%	100.00%	48.87%	34.51%	0.00%	100.00%	-19.60%	27.71%	-7.06%	-4.12%
NOPAT Q/Q Growth	0.00%	100.00%	42.62%	34.51%	0.00%	100.00%	-19.60%	27.71%	-7.06%	-4.12%
Net Income Q/Q Growth	15.42%	828.21%	143.21%	77.44%	44.72%	56.90%	-17.39%	36.11%	1.35%	1.42%
EPS Q/Q Growth	0.00%	0.00%	0.00%	100.00%	50.00%	55.56%	-12.50%	33.33%	7.69%	0.00%
Operating Cash Flow Q/Q Growth	15.88%	-2.87%	497.98%	-132.67%	243.80%	-37.05%	135.05%	-2,303.70%	32.91%	116.13%
Free Cash Flow Firm Q/Q Growth	-321.50%	-1,073.20%	-104.12%	-42.52%	-6.78%	78.74%	48.23%	260.78%	138.16%	-112.84%
Invested Capital Q/Q Growth	-12.67%	4.73%	2.52%	30.70%	-41.21%	-4.18%	-22.03%	27.08%	-64.42%	12.64%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	73.50%	73.02%	71.06%	71.28%	70.36%	68.82%	66.85%	66.05%	-2.09%	63.73%
EBITDA Margin	10.75%	8.15%	6.86%	5.02%	-6.15%	9.28%	-12.60%	-9.70%	-17.28%	-16.28%
Operating Margin	3.15%	0.00%	-2.00%	-3.89%	-15.28%	0.00%	-22.46%	-19.72%	-27.48%	-26.85%
EBIT Margin	3.15%	0.00%	-2.00%	-3.89%	-15.28%	0.00%	-22.46%	-19.72%	-27.48%	-26.85%
Profit (Net Income) Margin	4.05%	3.59%	0.41%	-0.96%	-4.30%	-8.20%	-20.59%	-18.42%	-29.04%	-30.79%
Tax Burden Percent	95.00%	90.38%	78.56%	114.14%	123.67%	101.68%	100.72%	100.44%	100.46%	100.27%
Interest Burden Percent	135.31%	0.00%	-26.42%	21.51%	22.74%	0.00%	91.01%	92.99%	105.19%	114.36%
Effective Tax Rate	5.00%	9.62%	21.44%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	1.23%	-0.15%	-1.98%	-4.90%	-7.20%	-10.28%	-12.78%	-13.59%	-14.67%	-31.25%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	0.60%	0.00%	-0.39%	-0.76%	-2.48%	0.00%	-3.80%	-3.37%	-3.88%	-5.65%
Return on Assets (ROA)	0.78%	0.74%	0.08%	-0.19%	-0.70%	-1.48%	-3.48%	-3.15%	-4.10%	-6.48%
Return on Common Equity (ROCE)	1.23%	-0.15%	-1.98%	-4.90%	-7.20%	-10.28%	-12.78%	-13.59%	-14.67%	-3.37%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-0.15%	-1.92%	-4.83%	0.00%	-10.47%	-13.21%	-14.16%	0.00%	-22.07%
Net Operating Profit after Tax (NOPAT)	3.45	0.00	-1.65	-2.88	-11	0.00	-14	-12	-17	-15
NOPAT Margin	2.99%	0.00%	-1.57%	-2.72%	-10.70%	0.00%	-15.72%	-13.80%	-19.24%	-18.79%
Net Nonoperating Expense Percent (NNEP)	0.07%	0.27%	0.14%	0.13%	0.38%	-0.58%	-0.31%	-0.31%	-0.52%	-0.91%
Return On Investment Capital (ROIC_SIMPLE)	0.46%	-	-	-	-1.40%	-	-	-	-2.07%	-
Cost of Revenue to Revenue	26.50%	26.98%	28.94%	28.73%	29.64%	31.18%	33.15%	33.95%	102.09%	36.27%
SG&A Expenses to Revenue	23.27%	22.85%	21.53%	22.97%	25.54%	25.34%	30.41%	26.06%	33.28%	29.17%
R&D to Revenue	21.72%	22.28%	23.79%	24.53%	23.97%	25.09%	27.14%	26.63%	25.22%	26.69%
Operating Expenses to Revenue	71.44%	71.90%	73.06%	75.17%	76.39%	78.58%	89.31%	85.77%	25.40%	90.58%
Earnings before Interest and Taxes (EBIT)	3.63	0.00	-2.10	-4.11	-16	0.00	-20	-17	-24	-22
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	12	9.19	7.21	5.30	-6.40	9.16	-11	-8.43	-15	-13
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	3.17	2.49	3.63	4.01	3.83	2.96	3.24	2.39	3.00	2.48
Price to Tangible Book Value (P/TBV)	4.89	3.86	5.63	6.36	6.20	4.87	5.40	3.99	5.03	4.12
Price to Revenue (P/Rev)	4.85	3.94	6.03	6.73	6.61	5.28	6.03	4.69	6.24	4.70
Price to Earnings (P/E)	261.17	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.38%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	1.28	0.50	2.35	2.91	1.64	1.08	1.75	0.65	1.18	1.19
Enterprise Value to EBITDA (EV/EBITDA)	16.41	13.97	63.60	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	5.15	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	7.78	3.40	22.06	41.88	74.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	8.32	2.46	1.52	4.87	3.26	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.11	0.11	0.20	0.21	0.21	0.22	0.22	0.22	0.22	0.28
Long-Term Debt to Equity	0.10	0.11	0.19	0.20	0.20	0.21	0.21	0.21	0.21	0.28
Financial Leverage	-2.60	-2.26	-2.26	-2.17	-2.66	-2.10	-2.12	-1.92	-2.33	-2.28
Leverage Ratio	3.44	3.11	3.16	3.08	3.57	3.05	3.08	2.86	3.24	3.55
Compound Leverage Factor	4.66	0.00	-0.83	0.66	0.81	0.00	2.80	2.66	3.41	4.06
Debt to Total Capital	9.69%	10.19%	16.78%	17.13%	17.44%	18.14%	18.25%	18.13%	18.00%	22.02%
Short-Term Debt to Total Capital	0.65%	0.64%	0.78%	0.80%	0.81%	0.81%	0.81%	0.81%	0.80%	0.56%
Long-Term Debt to Total Capital	9.05%	9.55%	16.00%	16.34%	16.63%	17.33%	17.44%	17.32%	17.20%	21.46%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	90.31%	89.81%	83.22%	82.87%	82.56%	81.86%	81.75%	81.87%	82.00%	77.98%
Debt to EBITDA	2.11	5.02	9.05	-40.37	-8.08	-5.60	-2.98	-2.92	-2.71	-2.10
Net Debt to EBITDA	-45.95	-96.16	-99.54	444.90	110.25	59.39	30.78	27.13	30.11	13.80
Long-Term Debt to EBITDA	1.97	4.70	8.63	-38.50	-7.71	-5.35	-2.85	-2.79	-2.59	-2.05
Debt to NOPAT	-31.16	1.85	-8.93	-4.88	-3.70	-3.35	-2.46	-2.45	-2.36	-2.18
Net Debt to NOPAT	677.32	-35.44	98.21	53.83	50.51	35.51	25.42	22.72	26.18	14.31
Long-Term Debt to NOPAT	-29.09	1.73	-8.52	-4.66	-3.53	-3.20	-2.35	-2.34	-2.25	-2.12
Altman Z-Score	0.66	0.50	0.82	0.87	0.59	0.52	0.56	0.40	0.48	0.56
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	89.21%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.29	1.32	1.36	1.34	1.25	1.32	1.32	1.36	1.30	1.46
Quick Ratio	0.33	0.36	0.40	0.38	0.30	0.37	0.38	0.42	0.36	0.53
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-336	-80	-6.80	165	280	301	168	114	31	-82
Operating Cash Flow to CapEx	5,098.92%	6,062.72%	4,373.70%	-1,216.86%	1,551.64%	1,190.53%	4,630.41%	-7,719.58%	93.87%	422.71%
Free Cash Flow to Firm to Interest Expense	-163.36	-30.50	-2.05	49.47	82.17	87.75	50.04	34.25	5.73	-15.83
Operating Cash Flow to Interest Expense	13.83	9.39	7.61	-1.90	5.70	1.65	2.67	-7.73	0.21	0.17
Operating Cash Flow Less CapEx to Interest Expense	13.56	9.24	7.43	-2.06	5.33	1.51	2.61	-7.83	-0.01	0.13
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.19	0.21	0.20	0.20	0.16	0.18	0.17	0.17	0.14	0.21
Accounts Receivable Turnover	8.93	8.82	8.88	8.68	8.82	9.00	8.77	8.58	8.96	10.15
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	4.42	4.28	4.10	3.94	3.72	3.52	3.33	3.18	3.01	3.77
Accounts Payable Turnover	7.55	7.02	7.59	8.51	8.03	10.11	11.38	10.24	7.70	0.00
Days Sales Outstanding (DSO)	40.90	41.40	41.09	42.04	41.40	40.54	41.62	42.53	40.75	35.94
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	48.36	51.97	48.10	42.88	45.48	36.11	32.06	35.64	47.37	0.00
Cash Conversion Cycle (CCC)	-7.47	-10.57	-7.01	-0.84	-4.08	4.44	9.56	6.89	-6.63	35.94
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	-896	-795	-834	-856	-1,235	-875	-840	-688	-944	-574
Invested Capital Turnover	-0.41	-0.51	-0.49	-0.52	-0.35	-0.50	-0.46	-0.53	-0.34	-0.58
Increase / (Decrease) in Invested Capital	339	80	5.15	-168	-292	-301	-183	-126	-48	67
Enterprise Value (EV)	560	214	971	1,161	625	393	605	217	374	422
Market Capitalization	2,127	1,686	2,492	2,687	2,517	1,916	2,089	1,556	1,975	1,668
Book Value per Share	$3.27	$3.26	$3.32	$3.28	$3.23	$3.21	$3.20	$3.26	$3.31	$3.39
Tangible Book Value per Share	$2.11	$2.10	$2.14	$2.07	$2.00	$1.95	$1.92	$1.95	$1.98	$2.04
Total Capital	744	754	824	808	795	792	788	795	802	862
Total Debt	72	77	138	138	139	144	144	144	144	190
Total Long-Term Debt	67	72	132	132	132	137	137	138	138	185
Net Debt	-1,568	-1,472	-1,520	-1,526	-1,892	-1,523	-1,484	-1,339	-1,601	-1,246
Capital Expenditures (CapEx)	0.56	0.41	0.58	0.52	1.25	0.48	0.19	0.33	1.24	0.21
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-1,247	-1,150	-1,191	-1,216	-1,598	-1,242	-1,210	-1,062	-1,322	-959
Debt-free Net Working Capital (DFNWC)	393	399	468	448	432	425	419	421	423	477
Net Working Capital (NWC)	388	394	461	442	426	419	412	414	416	472
Net Nonoperating Expense (NNE)	-1.22	-4.05	-2.09	-1.87	-6.66	8.09	4.44	4.01	8.45	9.88
Net Nonoperating Obligations (NNO)	-1,568	-1,472	-1,520	-1,526	-1,892	-1,523	-1,484	-1,339	-1,601	-1,246
Total Depreciation and Amortization (D&A)	8.77	9.19	9.31	9.41	9.50	9.16	8.99	8.70	8.80	8.70
Debt-free, Cash-free Net Working Capital to Revenue	-284.07%	-268.94%	-288.00%	-304.30%	-419.72%	-342.24%	-349.01%	-319.93%	-418.05%	-270.35%
Debt-free Net Working Capital to Revenue	89.48%	93.24%	113.11%	112.22%	113.56%	117.14%	120.76%	126.77%	133.68%	134.58%
Net Working Capital to Revenue	88.38%	92.12%	111.55%	110.61%	111.87%	115.37%	118.91%	124.84%	131.65%	133.22%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.02	$0.02	$0.00	$0.00	($0.02)	($0.04)	($0.09)	($0.08)	($0.12)	($0.13)
Adjusted Weighted Average Basic Shares Outstanding	206.10M	207.24M	207.03M	204.90M	201.89M	202.53M	201.56M	199.90M	198.05M	198.23M
Adjusted Diluted Earnings per Share	$0.02	$0.02	$0.00	$0.00	($0.02)	($0.04)	($0.09)	($0.08)	($0.12)	($0.13)
Adjusted Weighted Average Diluted Shares Outstanding	209.16M	209.02M	210.37M	204.90M	201.89M	202.53M	201.56M	199.90M	198.05M	198.23M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	204.44M	205.73M	207.85M	206.60M	204.32M	203.15M	202.15M	201.25M	199.47M	198.70M
Normalized Net Operating Profit after Tax (NOPAT)	3.57	0.00	-1.65	-2.76	-11	0.00	-14	-12	-17	-15
Normalized NOPAT Margin	3.09%	0.00%	-1.57%	-2.62%	-10.70%	0.00%	-15.72%	-13.80%	-19.24%	-18.79%
Pre Tax Income Margin	4.26%	3.97%	0.53%	-0.84%	-3.48%	-8.06%	-20.44%	-18.34%	-28.91%	-30.70%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.77	0.00	-0.63	-1.23	-4.66	0.00	-6.09	-5.16	-4.32	-4.25
NOPAT to Interest Expense	1.68	0.00	-0.50	-0.86	-3.26	0.00	-4.26	-3.62	-3.02	-2.97
EBIT Less CapEx to Interest Expense	1.50	-0.15	-0.81	-1.39	-5.03	-0.14	-6.15	-5.26	-4.54	-4.29
NOPAT Less CapEx to Interest Expense	1.41	-0.15	-0.67	-1.02	-3.63	-0.14	-4.32	-3.72	-3.25	-3.01
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	615.19%	-2,508.71%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions About AvidXchange's Financials

When does AvidXchange's financial year end?

According to the most recent income statement we have on file, AvidXchange's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has AvidXchange's net income changed over the last 5 years?

AvidXchange's net income appears to be on a downward trend, with a most recent value of $8.15 million in 2024, falling from -$93.55 million in 2019. The previous period was -$47.33 million in 2023. Check out AvidXchange's forecast to explore projected trends and price targets.

What is AvidXchange's operating income?

AvidXchange's total operating income in 2024 was -$2.58 million, based on the following breakdown:

Total Gross Profit: $317.16 million
Total Operating Expenses: $319.74 million

How has AvidXchange revenue changed over the last 5 years?

Over the last 5 years, AvidXchange's total revenue changed from $149.58 million in 2019 to $438.94 million in 2024, a change of 193.4%.

How much debt does AvidXchange have?

AvidXchange's total liabilities were at $1.42 billion at the end of 2024, a 22.4% decrease from 2023, and a 250.1% increase since 2020.

How much cash does AvidXchange have?

In the past 4 years, AvidXchange's cash and equivalents has ranged from $252.46 million in 2020 to $562.82 million in 2021, and is currently $355.64 million as of their latest financial filing in 2024.

How has AvidXchange's book value per share changed over the last 5 years?

Over the last 5 years, AvidXchange's book value per share changed from 0.00 in 2019 to 3.27 in 2024, a change of 326.6%.

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This page (NASDAQ:AVDX) was last updated on 5/25/2025 by MarketBeat.com Staff

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AvidXchange (AVDX) Financials

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