AvidXchange Holdings Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun '25 Jun 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 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	203.5	182.06	179.45	169.12	159.76	104.31
Depreciation & Amortization Expenses	34.92	36.28	35.91	32.84	30.74	27.51
Research & Development	102.56	101.11	97.56	83.91	65.15	44.5
Other Operating Expenses	0.12	0.29	-	-	1.41	0.92
Total Operating Expenses	341.1	319.74	312.91	285.86	257.05	177.24
Operating Income	-17.13	-2.58	-53.5	-87.38	-108.73	-75.07
Interest Income	19.05	22.97	20.89	7.16	0.66	1.68
Interest Expense	-8.69	-11.33	-13.52	-20.75	-20.11	-20.08
Other Non-Operating Income (Expense)	10.37	11.64	7.37	-13.59	-171.7	-33.48
Total Non-Operating Income (Expense)	20.73	23.28	14.74	-27.17	-191.15	-51.88
Pretax Income	-6.77	9.07	-46.13	-100.96	-204.31	-101.01
Provision for Income Taxes	1.29	0.92	1.2	0.32	-4.66	0.23
Net Income	-8.06	8.15	-47.33	-101.28	-224.29	-166.34
Net Income Attributable to Preferred Dividends	-	-	-	-	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)	207	209	202	198	85	50
Shares Change (YoY)	0.86%	3.60%	1.94%	132.83%	71.02%	16.96%
EPS (Basic)	-0.05	0.04	-0.23	-0.51	-2.64	-3.34
EPS (Diluted)	-0.05	0.04	-0.23	-0.51	-2.64	-3.34
Free Cash Flow	81.33	69.87	6.2	-32.62	-84.11	-44.81
Free Cash Flow Growth	16.39%	1027.50%	-	-	-	-
Free Cash Flow Per Share	0.39	0.33	0.03	-0.16	-0.99	-0.90
Gross Margin	72.52%	72.26%	68.14%	62.74%	59.71%	54.95%
Operating Margin	-3.84%	-0.59%	-14.05%	-27.62%	-43.77%	-40.38%
Profit Margin	-1.80%	1.86%	-12.43%	-32.02%	-80.37%	-54.45%
FCF Margin	18.20%	15.92%	1.63%	-10.31%	-33.86%	-24.10%
EBITDA	18.17	34.11	-17.16	-53.18	-76.64	-46.37
EBITDA Margin	4.07%	7.77%	-4.51%	-16.81%	-30.85%	-24.94%
EBIT	-17.13	-2.58	-53.5	-87.38	-108.73	-75.07
EBIT Margin	-3.84%	-0.59%	-14.05%	-27.62%	-43.77%	-40.38%
Effective Tax Rate	-19.05%	10.16%	-2.59%	-0.32%	2.28%	-0.23%

Updated Jun 30, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q