AvidXchange Holdings (AVDX) | Financial Analysis & Statements
Financial Overview
Latest Annual: 2024Income Metrics
Revenue
438.9M
Gross Profit
317.2M
72.26%
Operating Income
-2.3M
-0.52%
Net Income
8.1M
1.86%
EPS (Diluted)
$0.04
Balance Sheet Metrics
Total Assets
2.1B
Total Liabilities
1.4B
Shareholders Equity
671.8M
Debt to Equity
2.11
Cash Flow Metrics
Operating Cash Flow
83.1M
Free Cash Flow
52.3M
Revenue & Profitability Trend
AvidXchange Holdings Income Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Revenue | 438.9M | 380.7M | 316.4M | 248.4M | 185.9M |
| Cost of Goods Sold | 121.8M | 121.3M | 117.9M | 100.1M | 83.8M |
| Gross Profit | 317.2M | 259.4M | 198.5M | 148.3M | 102.2M |
| Operating Expenses | 283.2M | 277.0M | 253.0M | 224.9M | 148.8M |
| Operating Income | -2.3M | -53.5M | -87.4M | -107.3M | -74.1M |
| Pre-tax Income | 9.1M | -46.1M | -101.0M | -204.3M | -101.0M |
| Income Tax | 921.0K | 1.2M | 321.0K | -4.7M | 234.0K |
| Net Income | 8.1M | -47.3M | -101.3M | -199.6M | -101.2M |
| EPS (Diluted) | $0.04 | -$0.23 | -$0.51 | -$2.64 | -$0.99 |
Income Statement Trend
AvidXchange Holdings Balance Sheet From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | 1.7B | 2.1B | 1.8B | 1.9B | 432.3M |
| Non-Current Assets | 369.0M | 385.0M | 404.4M | 408.4M | 294.2M |
| Total Assets | 2.1B | 2.5B | 2.2B | 2.3B | 726.5M |
| Liabilities | |||||
| Current Liabilities | 1.3B | 1.7B | 1.4B | 1.3B | 213.1M |
| Non-Current Liabilities | 85.1M | 154.4M | 163.4M | 210.9M | 1.0B |
| Total Liabilities | 1.4B | 1.8B | 1.6B | 1.5B | 1.2B |
| Equity | |||||
| Total Shareholders Equity | 671.8M | 656.4M | 657.4M | 723.1M | -511.1M |
Balance Sheet Composition
AvidXchange Holdings Cash Flow Statement From 2020 to 2024
| Metric | 2024 | 2023 | 2022 | 2021 | 2020 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 8.1M | -47.3M | -101.3M | -199.6M | -101.2M |
| Operating Cash Flow | 83.1M | 27.3M | -47.7M | -98.2M | -64.6M |
| Investing Activities | |||||
| Capital Expenditures | -2.1M | -2.3M | -3.1M | -1.4M | -703.0K |
| Investing Cash Flow | 6.2M | 68.0M | -114.9M | -53.1M | -25.2M |
| Financing Activities | |||||
| Dividends Paid | - | - | - | - | - |
| Financing Cash Flow | -440.3M | 288.6M | -3.3M | 1.6B | 193.8M |
| Free Cash Flow | 52.3M | -9.9M | -56.5M | -87.0M | -56.2M |
Cash Flow Trend
AvidXchange Holdings Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
243.00
Forward P/E
28.74
Price to Book
2.97
Price to Sales
4.57
PEG Ratio
28.74
Profitability Ratios
Profit Margin
0.42%
Operating Margin
-5.14%
Return on Equity
0.27%
Return on Assets
-0.15%
Financial Health
Current Ratio
1.32
Debt to Equity
11.06
Beta
1.22
Per Share Data
EPS (TTM)
$0.04
Book Value per Share
$3.29
Revenue per Share
$2.14
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| avdx | 2.0B | 243.00 | 2.97 | 0.27% | 0.42% | 11.06 |
| Microsoft | 3.6T | 36.91 | 11.04 | 33.61% | 35.79% | 32.63 |
| Oracle | 581.5B | 47.60 | 28.42 | 82.38% | 21.68% | 505.59 |
| Wix.com | 9.0B | 64.23 | -52.79 | -175.57% | 8.16% | -5.71 |
| Shift4 Payments | 8.2B | 32.04 | 8.00 | 29.87% | 6.50% | 283.66 |
| Dropbox | 7.8B | 18.89 | -7.75 | -60.11% | 18.50% | -2.80 |
Financial data is updated regularly. All figures are in the company's reporting currency.