AvidXchange (AVDX) Financials

$8.33 -0.04 (-0.48%)

Closing price 05/2/2025 04:00 PM Eastern

Extended Trading

$8.19 -0.14 (-1.68%)

As of 05/2/2025 07:34 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	2019	2020	2021	2022	2023	2024
Period end date	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-108	-166	-224	-101	-47	8.15
Consolidated Net Income / (Loss)	-94	-101	-200	-101	-47	8.15
Net Income / (Loss) Continuing Operations	-16	-101	-200	-101	-47	8.15
Total Pre-Tax Income	-93	-101	-204	-101	-46	9.07
Total Operating Income	-77	-75	-109	-87	-54	-2.58
Total Gross Profit	150	186	248	198	259	317
Total Revenue	150	186	248	316	381	439
Operating Revenue	150	186	248	316	381	439
Total Cost of Revenue	0.00	0.00	0.00	118	121	122
Operating Cost of Revenue	-	-	-	118	121	122
Total Operating Expenses	156	261	357	286	313	320
Selling, General & Admin Expense	52	56	96	91	102	100
Marketing Expense	40	48	64	78	78	83
Research & Development Expense	34	45	65	84	98	101
Depreciation Expense	-	28	31	33	36	36
Impairment Charge	7.89	0.92	1.41	0.00	0.00	0.29
Total Other Income / (Expense), net	-32	-26	-96	-14	7.37	12
Interest Expense	17	20	20	21	14	11
Interest & Investment Income	1.38	1.68	0.66	7.16	21	23
Income Tax Expense	0.06	0.23	-4.66	0.32	1.20	0.92
Basic Earnings per Share	($2.54)	($3.34)	($2.64)	($0.51)	($0.23)	$0.04
Weighted Average Basic Shares Outstanding	42.53M	49.74M	85.06M	198.05M	201.89M	206.10M
Diluted Earnings per Share	($2.54)	($3.34)	($2.64)	($0.51)	($0.23)	$0.04
Weighted Average Diluted Shares Outstanding	42.53M	49.74M	85.06M	198.05M	201.89M	209.16M
Weighted Average Basic & Diluted Shares Outstanding	42.53M	49.74M	85.06M	199.47M	204.32M	204.44M

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

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

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

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

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

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

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

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

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

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

Frequently Asked Questions About AvidXchange's Financials

When does AvidXchange's fiscal year end?

According to the most recent income statement we have on file, AvidXchange's financial year ends in December. Their financial 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. Find out what analysts predict for AvidXchange in the coming months.

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 5/4/2025 by MarketBeat.com Staff

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AvidXchange (AVDX) Financials

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