AvidXchange Holdings Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	2019
Period Ending	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	2019
Revenue	438.94	380.72	316.35	248.41	185.93	Upgrade
Revenue Growth (YoY)	15.29%	20.35%	27.35%	33.61%	24.30%	Upgrade
Cost of Revenue	121.78	121.31	117.86	100.09	83.76	Upgrade
Gross Profit	317.16	259.41	198.49	148.32	102.17	Upgrade
Selling, General & Admin	182.01	179.3	164.81	159.76	88.51	Upgrade
Research & Development	101.11	97.56	83.91	65.15	44.5	Upgrade
Operating Expenses	319.41	312.77	281.56	255.64	160.52	Upgrade
Operating Income	-2.25	-53.36	-83.08	-107.32	-58.35	Upgrade
Interest Expense	-11.33	-13.52	-20.75	-20.11	-20.08	Upgrade
Interest & Investment Income	22.97	20.89	7.16	0.66	1.68	Upgrade
Other Non Operating Income (Expenses)	-	-	-	-26.13	-7.54	Upgrade
EBT Excluding Unusual Items	9.39	-45.99	-96.66	-152.9	-84.29	Upgrade
Merger & Restructuring Charges	-1.16	-1.88	-1.53	-	-	Upgrade
Asset Writedown	-1.28	-	-2.78	-1.41	-0.92	Upgrade
Other Unusual Items	-	-	-	-50	-15.8	Upgrade
Pretax Income	9.07	-46.13	-100.96	-204.31	-101.01	Upgrade
Income Tax Expense	0.92	1.2	0.32	-4.66	0.23	Upgrade
Net Income	8.15	-47.33	-101.28	-199.65	-101.25	Upgrade
Preferred Dividends & Other Adjustments	-	-	-	24.64	65.1	Upgrade
Net Income to Common	8.15	-47.33	-101.28	-224.29	-166.34	Upgrade
Shares Outstanding (Basic)	206	202	198	85	50	Upgrade
Shares Outstanding (Diluted)	209	202	198	85	50	Upgrade
Shares Change (YoY)	3.60%	1.94%	132.83%	71.02%	16.96%	Upgrade
EPS (Basic)	0.04	-0.23	-0.51	-2.64	-3.34	Upgrade
EPS (Diluted)	0.04	-0.23	-0.51	-2.64	-3.34	Upgrade
Free Cash Flow	69.87	6.2	-31.85	-70.06	-44.83	Upgrade
Free Cash Flow Per Share	0.33	0.03	-0.16	-0.82	-0.90	Upgrade
Gross Margin	72.26%	68.14%	62.74%	59.71%	54.95%	Upgrade
Operating Margin	-0.51%	-14.01%	-26.26%	-43.20%	-31.38%	Upgrade
Profit Margin	1.86%	-12.43%	-32.02%	-90.29%	-89.47%	Upgrade
Free Cash Flow Margin	15.92%	1.63%	-10.07%	-28.20%	-24.11%	Upgrade
EBITDA	34.04	-17.44	-50.23	-76.58	-30.83	Upgrade
EBITDA Margin	7.75%	-4.58%	-15.88%	-30.83%	-16.58%	Upgrade
D&A For EBITDA	36.28	35.91	32.84	30.74	27.51	Upgrade
EBIT	-2.25	-53.36	-83.08	-107.32	-58.35	Upgrade
EBIT Margin	-0.51%	-14.01%	-26.26%	-43.20%	-31.38%	Upgrade
Effective Tax Rate	10.16%	-	-	-	-	Upgrade

Updated Feb 28, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q