AvidXchange Holdings, Inc. (AVDX)

AvidXchange Holdings Income Statement

Financials in millions USD. Fiscal year is January - December.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	446.72	438.94	380.72	316.35	248.41	185.93
Revenue Growth (YoY)	8.04%	15.29%	20.35%	27.35%	33.61%	24.30%
Cost of Revenue	122.76	121.78	121.31	117.86	100.09	83.76
Gross Profit	323.96	317.16	259.41	198.49	148.32	102.17
Selling, General & Admin	193.31	182.01	179.3	164.81	159.76	88.51
Research & Development	102.56	101.11	97.56	83.91	65.15	44.5
Operating Expenses	330.78	319.41	312.77	281.56	255.64	160.52
Operating Income	-6.82	-2.25	-53.36	-83.08	-107.32	-58.35
Interest Expense	-8.69	-11.33	-13.52	-20.75	-20.11	-20.08
Interest & Investment Income	19.05	22.97	20.89	7.16	0.66	1.68
Other Non Operating Income (Expenses)	-	-	-	-	-26.13	-7.54
EBT Excluding Unusual Items	3.55	9.39	-45.99	-96.66	-152.9	-84.29
Merger & Restructuring Charges	-9.21	-1.16	-1.88	-1.53	-	-
Asset Writedown	-1.12	-1.28	-	-2.78	-1.41	-0.92
Other Unusual Items	-	-	-	-	-50	-15.8
Pretax Income	-6.77	9.07	-46.13	-100.96	-204.31	-101.01
Income Tax Expense	1.29	0.92	1.2	0.32	-4.66	0.23
Net Income	-8.06	8.15	-47.33	-101.28	-199.65	-101.25
Preferred Dividends & Other Adjustments	-	-	-	-	24.64	65.1
Net Income to Common	-8.06	8.15	-47.33	-101.28	-224.29	-166.34
Shares Outstanding (Basic)	206	206	202	198	85	50
Shares Outstanding (Diluted)	206	209	202	198	85	50
Shares Change (YoY)	0.78%	3.60%	1.94%	132.83%	71.02%	16.96%
EPS (Basic)	-0.04	0.04	-0.23	-0.51	-2.64	-3.34
EPS (Diluted)	-0.04	0.04	-0.23	-0.51	-2.64	-3.34
Free Cash Flow	81.33	69.87	6.2	-31.85	-70.06	-44.83
Free Cash Flow Per Share	0.40	0.33	0.03	-0.16	-0.82	-0.90
Gross Margin	72.52%	72.26%	68.14%	62.74%	59.71%	54.95%
Operating Margin	-1.53%	-0.51%	-14.01%	-26.26%	-43.20%	-31.38%
Profit Margin	-1.80%	1.86%	-12.43%	-32.02%	-90.29%	-89.47%
Free Cash Flow Margin	18.20%	15.92%	1.63%	-10.07%	-28.20%	-24.11%
EBITDA	27.84	34.04	-17.44	-50.23	-76.58	-30.83
EBITDA Margin	6.23%	7.75%	-4.58%	-15.88%	-30.83%	-16.58%
D&A For EBITDA	34.66	36.28	35.91	32.84	30.74	27.51
EBIT	-6.82	-2.25	-53.36	-83.08	-107.32	-58.35
EBIT Margin	-1.53%	-0.51%	-14.01%	-26.26%	-43.20%	-31.38%
Effective Tax Rate	-	10.16%	-	-	-	-

Updated Jun 30, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q