AvidXchange Holdings, Inc.
AVDX
10.96USD+0.23Â (+2.14%)Market ClosedWatchlist
Market Summary
USD10.96+0.23
Market Closed2.14%
AVDX Stock Price
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AVDX Valuation
AVDX Price/Sales (Trailing)
AVDX Profitability
AVDX Fundamentals
AVDX Revenue
AVDX Earnings
Price Action
Last 7 days
3.7%
Last 30 days
40.5%
Last 90 days
7.1%
Trailing 12 Months
31.3%
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Net sales
| Year | Q1 | Q2 | Q3 | Q4 |
|---|---|---|---|---|
| 2023 | 332.0M | 346.6M | 362.8M | 0 |
| 2022 | 264.4M | 282.2M | 299.4M | 316.4M |
| 2021 | 200.2M | 214.4M | 232.0M | 248.4M |
| 2020 | 158.7M | 167.8M | 176.8M | 185.9M |
| 2019 | 0 | 0 | 0 | 149.6M |
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Latest Insider Trading transactions for AVDX
Filter Transactions| Datesorted ascending | Name | Buy/Sell | $ Value | Avg. Price | # Shares | Title |
|---|---|---|---|---|---|---|
| Nov 29, 2023 | wilhite joel | sold | -157,500 | 10.5 | -15,000 | see remarks |
| Nov 17, 2023 | praeger michael | gifted | - | - | -204,654 | chief executive officer |
| Nov 17, 2023 | praeger michael | gifted | - | - | 204,654 | chief executive officer |
| Nov 17, 2023 | praeger michael | sold | -291,153 | 9.7431 | -29,883 | chief executive officer |
| Nov 15, 2023 | praeger michael | sold | -245,545 | 9.74 | -25,210 | chief executive officer |
| Nov 15, 2023 | drees daniel | sold | -107,345 | 9.74 | -11,021 | president |
| Nov 15, 2023 | cunningham todd alan | acquired | - | - | 10,482 | see remarks |
| Nov 15, 2023 | stahl ryan | sold | -45,787 | 9.74 | -4,701 | see remarks |
| Nov 15, 2023 | gibson angelic | acquired | - | - | 16,879 | see remarks |
| Nov 15, 2023 | stahl ryan | acquired | - | - | 13,239 | see remarks |
Which funds bought or sold AVDX recently?
View All Details| Datesorted ascending | Fund Name | Type | % Chg | $ Change | $ Held | % Portfolio |
|---|---|---|---|---|---|---|
| Nov 24, 2023 | DEUTSCHE BANK AG\ | reduced | -89.79 | -14,199,600 | 1,459,520 | -% |
| Nov 21, 2023 | Walleye Trading LLC | sold off | -100 | -496,102 | - | -% |
| Nov 21, 2023 | Walleye Capital LLC | sold off | -100 | -4,457,230 | - | -% |
| Nov 17, 2023 | TimesSquare Capital Management, LLC | added | 102 | 8,737,000 | 18,979,000 | 0.30% |
| Nov 15, 2023 | CAPTRUST FINANCIAL ADVISORS | reduced | -2.22 | -29,003 | 242,195 | -% |
| Nov 15, 2023 | MORGAN STANLEY | reduced | -22.21 | -7,318,190 | 17,957,400 | -% |
| Nov 15, 2023 | Delphia (USA) Inc. | sold off | -100 | -155,835 | - | -% |
| Nov 15, 2023 | JANE STREET GROUP, LLC | sold off | -100 | -161,305 | - | -% |
| Nov 15, 2023 | Alpha Square Group S, LLC | reduced | -3.53 | -699,575 | 5,182,140 | 5.25% |
| Nov 15, 2023 | MANUFACTURERS LIFE INSURANCE COMPANY, THE | added | 33.79 | 141,957 | 781,749 | -% |
Latest Funds Activity
Calls
Puts
Net Call Options
No. of Funds
Schedule 13G FIlings of AvidXchange Holdings, Inc.
| Date Filed | Name of Filer | Percent of Class | No. of Shares | Form Type | |
|---|---|---|---|---|---|
| Aug 07, 2023 | senvest management, llc | 5.5% | 11,089,340 | SC 13G | |
| May 05, 2023 | blackrock inc. | 4.6% | 9,305,585 | SC 13G/A | |
| Feb 14, 2023 | bain capital venture fund 2014, l.p. | 3.6% | 7,230,388 | SC 13G/A | |
| Feb 14, 2023 | caisse de depot et placement du quebec | 0% | 0 | SC 13G/A | |
| Feb 13, 2023 | capital research global investors | 3.5% | 6,999,655 | SC 13G/A | |
| Feb 09, 2023 | vanguard group inc | 6.67% | 13,250,855 | SC 13G | |
| Feb 08, 2023 | temasek holdings (private) ltd | 0.0% | 0 | SC 13G/A | |
| Feb 03, 2023 | blackrock inc. | 6.3% | 12,614,840 | SC 13G | |
| Feb 14, 2022 | caisse de depot et placement du quebec | 5.9% | 11,578,968 | SC 13G | |
| Feb 14, 2022 | bain capital venture fund 2014, l.p. | 3.7% | 7,230,388 | SC 13G |
Recent SEC filings of AvidXchange Holdings, Inc.
View All Filings| Date Filed | Form Type | Document | |
|---|---|---|---|
| Dec 05, 2023 | 144 | Notice of Insider Sale Intent | |
| Dec 01, 2023 | 4 | Insider Trading | |
| Nov 29, 2023 | 144 | Notice of Insider Sale Intent | |
| Nov 21, 2023 | 4 | Insider Trading | |
| Nov 17, 2023 | 4 | Insider Trading | |
| Nov 17, 2023 | 144 | Notice of Insider Sale Intent | |
| Nov 17, 2023 | 4 | Insider Trading | |
| Nov 17, 2023 | 4 | Insider Trading | |
| Nov 17, 2023 | 4 | Insider Trading | |
| Nov 17, 2023 | 4 | Insider Trading |
Peers (Alternatives to AvidXchange Holdings, Inc.)
View All Peers In Detail| Name | Mkt Capsorted ascending | Revenue | Price %, 1M | Returns, 1Y | P/E | P/S | Rev 1-Yr | Inc 1-Yr |
|---|---|---|---|---|---|---|---|---|
| LARGE-CAP | ||||||||
MSFT | 2.7T | 218.3B | 3.44% | 50.46% | 35.55 | 12.55 | 7.50% | 10.47% |
ADBE | 271.6B | 18.9B | 5.35% | 79.89% | 53.04 | 14.38 | 9.86% | 6.40% |
CRWD | 57.0B | 2.8B | 28.18% | 110.33% | -4.8K | 20 | 39.94% | 93.33% |
SQ | 41.3B | 20.8B | 37.38% | 10.98% | -145.83 | 1.98 | 22.61% | 44.15% |
AKAM | 17.3B | 3.7B | 5.56% | 27.46% | 33.54 | 4.61 | 4.19% | -7.24% |
| MID-CAP | ||||||||
FFIV | 10.0B | 2.8B | 9.14% | 13.00% | 25.28 | 3.55 | 4.35% | 22.59% |
ALTR | 5.7B | 601.6M | 5.65% | 48.93% | -341.89 | 9.4 | 8.88% | 70.93% |
HCP | 4.8B | 542.4M | 28.80% | -2.20% | -19.92 | 8.85 | 37.83% | 40.17% |
ACIW | 2.9B | 1.4B | 12.57% | 31.44% | 33.02 | 2.06 | -0.63% | -44.79% |
APPN | 2.8B | 525.8M | 1.66% | 4.22% | -20.44 | 5.28 | 17.58% | 4.56% |
| SMALL-CAP | ||||||||
CSGS | 1.6B | 1.2B | 5.09% | -8.41% | 20.38 | 1.35 | 8.09% | 97.57% |
ATEN | 941.1M | 258.9M | 14.56% | -33.03% | 23.48 | 3.63 | -5.29% | 1.20% |
BAND | 304.9M | 592.7M | -3.40% | -45.00% | 10.88 | 0.51 | 9.29% | 227.17% |
BLIN | 7.8M | 16.3M | - | -44.86% | -4.23 | 0.48 | -2.49% | -246.74% |
DTSS | 6.9M | 13.4M | -14.29% | -87.05% | -0.73 | 0.51 | -18.06% | -46.22% |
AvidXchange Holdings, Inc. News
Latest updates
Financials for AvidXchange Holdings, Inc.
Income Statement (Last 12 Months)
| Income Statement (Quarterly) | |||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 |
| Revenue | 8.3% | 98,680,000 | 91,154,000 | 86,822,000 | 86,175,000 | 82,411,000 | 76,561,000 | 71,203,000 | 69,265,000 | 65,176,000 | 58,754,000 | 55,214,000 | 52,863,000 | 47,600,000 | - | - | - |
| Operating Expenses | -4.8% | 77,542,000 | 81,410,000 | 74,470,000 | 78,672,000 | 74,645,000 | 68,830,000 | 63,717,000 | 101,246,000 | 55,518,000 | 51,604,000 | 48,685,000 | 57,338,000 | 40,128,000 | - | - | - |
| S&GA Expenses | -6.7% | 18,735,000 | 20,076,000 | 20,135,000 | 19,805,000 | 20,241,000 | 20,448,000 | 17,239,000 | 19,763,000 | 16,118,000 | 14,547,000 | 13,511,000 | 12,631,000 | 11,763,000 | - | - | - |
| R&D Expenses | 0.1% | 24,754,000 | 24,740,000 | 23,122,000 | 21,729,000 | 21,997,000 | 20,107,000 | 20,072,000 | 21,922,000 | 15,672,000 | 13,620,000 | 13,933,000 | 12,344,000 | 11,055,000 | - | - | - |
| EBITDA Margin | - | - | - | -0.12 | -0.15 | -0.33 | -0.39 | -0.41 | -0.62 | -0.48 | -0.44 | -0.12 | -0.12 | -0.12 | - | - | - |
| Interest Expenses | 1.9% | 3,428,000 | 3,363,000 | 3,315,000 | 5,488,000 | 5,209,000 | 5,075,000 | 4,977,000 | 5,123,000 | 4,874,000 | 5,086,000 | 5,025,000 | 5,064,000 | 5,039,000 | - | - | - |
| Income Taxes | -0.7% | 134,000 | 135,000 | 70,000 | 114,000 | 69,000 | 69,000 | 69,000 | -4,863,000 | 2,000 | 133,000 | 68,000 | 59,000 | 58,000 | - | - | - |
| Earnings Before Taxes | 57.3% | -7,957,000 | -18,636,000 | -15,920,000 | -24,915,000 | -25,302,000 | -25,668,000 | -25,078,000 | -76,960,000 | -35,525,000 | -21,866,000 | -69,958,000 | -32,563,000 | -17,926,000 | - | - | - |
| EBT Margin | - | - | - | -0.28 | -0.32 | -0.51 | -0.58 | -0.60 | -0.82 | -0.69 | -0.66 | -0.38 | -0.38 | -0.38 | - | - | - |
| Net Income | 56.9% | -8,091,000 | -18,771,000 | -15,990,000 | -25,029,000 | -25,371,000 | -25,737,000 | -25,147,000 | -72,097,000 | -35,527,000 | -21,999,000 | -70,026,000 | -32,622,000 | -17,984,000 | -23,749,000 | -26,891,000 | - |
| Net Income Margin | - | - | - | -0.28 | -0.32 | -0.50 | -0.56 | -0.59 | -0.80 | -0.69 | -0.67 | -0.78 | -0.48 | -0.48 | - | - | - |
| Free Cashflow | - | - | - | -25,629,000 | 1,163,000 | 875,000 | -5,425,000 | -25,314,000 | -27,352,000 | -222,000 | -21,149,000 | -10,526,666 | -10,526,666 | -10,526,666 | - | - | - |
Balance Sheet(In Millions)
| Balance Sheet | (In Millions) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 |
| Assets | 1.6% | 2,121 | 2,087 | 1,950 | 2,212 | 1,913 | 2,012 | 1,932 | 2,266 | 1,459 | 1,215 | 971 | 727 |
| Current Assets | 2.3% | 1,731 | 1,693 | 1,551 | 1,808 | 1,502 | 1,599 | 1,516 | 1,858 | 1,076 | - | - | 432 |
| Cash Equivalents | 0.8% | 340 | 337 | 368 | 351 | 411 | 363 | 295 | 563 | 151 | - | - | 252 |
| Net PPE | -0.9% | 101 | 102 | 103 | 104 | 105 | 106 | 106 | 106 | 83.00 | - | - | 87.00 |
| Goodwill | 0% | 166 | 166 | 166 | 166 | 166 | 166 | 166 | 166 | 161 | 60.00 | - | 106 |
| Liabilities | 2.0% | 1,472 | 1,443 | 1,300 | 1,555 | 1,240 | 1,324 | 1,227 | 1,543 | 1,182 | 923 | 664 | 405 |
| Current Liabilities | 2.5% | 1,313 | 1,281 | 1,137 | 1,391 | 1,029 | 1,112 | 1,016 | 1,332 | 960 | - | - | 213 |
| LT Debt, Current | 0% | 6.00 | 6.00 | 6.00 | 6.00 | 5.00 | 5.00 | 5.00 | 5.00 | 1.00 | - | - | 1.00 |
| LT Debt, Non Current | -0.4% | 75.00 | 75.00 | 76.00 | 76.00 | 123 | 123 | 121 | 120 | - | - | - | 98.00 |
| Shareholder's Equity | 0.6% | 648 | 645 | 651 | 657 | 672 | 688 | 704 | 723 | - | - | - | - |
| Retained Earnings | -0.8% | -1,017 | -1,009 | -990 | -974 | -948 | -923 | -897 | -871 | -799 | - | - | -672 |
| Additional Paid-In Capital | 0.7% | 1,666 | 1,654 | 1,641 | 1,632 | 1,621 | 1,612 | 1,602 | 1,595 | 230 | - | - | 161 |
| Shares Outstanding | 0.4% | 203 | 202 | 201 | 199 | 198 | 198 | 197 | 197 | 57.00 | 55.00 | 52.00 | 50.00 |
Cashflow (Last 12 Months)(In Millions)
| Cashflow (Quarterly) | (In Thousands) | ||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Description | (%) Q/Q | 2023Q3 | 2023Q2 | 2023Q1 | 2022Q4 | 2022Q3 | 2022Q2 | 2022Q1 | 2021Q4 | 2021Q3 | 2021Q2 | 2021Q1 | 2020Q4 | 2020Q3 | 2020Q2 | 2020Q1 | 2019Q4 |
| Cashflow From Operations | -37.0% | 5,655 | 8,983 | -25,629 | 1,163 | 875 | -5,425 | -25,314 | -27,352 | -222 | -21,149 | -19,944 | -12,549 | - | - | - | - |
| Share Based Compensation | 1.9% | 11,229 | 11,021 | 8,931 | 8,071 | 8,718 | 8,258 | 6,791 | 18,319 | 1,157 | 1,105 | 847 | 778 | - | - | - | - |
| Cashflow From Investing | 91.9% | -3,278 | -40,680 | 44,184 | -15,689 | 46,730 | 72,297 | -243,686 | -19,869 | -54,106 | -6,034 | -4,098 | -26,090 | - | - | - | - |
| Cashflow From Financing | -73.6% | 36,732 | 139,375 | -233,581 | 310,089 | -95,997 | 93,446 | -309,265 | 830,667 | 192,286 | 156,113 | 388,793 | -143,627 | - | - | - | - |
AVDX Income Statement
2023-09-30Consolidated Statements of Operations - USD ($) $ in Thousands | 3 Months Ended | 9 Months Ended | ||
|---|---|---|---|---|
Sep. 30, 2023 | Sep. 30, 2022 | Sep. 30, 2023 | Sep. 30, 2022 | |
| Income Statement [Abstract] | ||||
| Revenues | $ 98,680 | $ 82,411 | $ 276,656 | $ 230,175 |
| Cost of revenues (exclusive of depreciation and amortization expense) | 30,767 | 29,890 | 90,461 | 86,676 |
| Operating expenses | ||||
| Sales and marketing | 18,735 | 20,241 | 58,946 | 57,928 |
| Research and development | 24,754 | 21,997 | 72,616 | 62,176 |
| General and administrative | 25,002 | 24,042 | 75,345 | 62,704 |
| Depreciation and amortization | 9,051 | 8,365 | 26,515 | 24,384 |
| Total operating expenses | 77,542 | 74,645 | 233,422 | 207,192 |
| Loss from operations | (9,629) | (22,124) | (47,227) | (63,693) |
| Other income (expense) | ||||
| Interest income | 5,100 | 2,031 | 14,820 | 2,906 |
| Interest expense | (3,428) | (5,209) | (10,106) | (15,261) |
| Other income (expense) | 1,672 | (3,178) | 4,714 | (12,355) |
| Loss before income taxes | (7,957) | (25,302) | (42,513) | (76,048) |
| Income tax expense | 134 | 69 | 339 | 207 |
| Net loss | $ (8,091) | $ (25,371) | $ (42,852) | $ (76,255) |
| Net loss per share attributable to common stockholders, basic | $ (0.04) | $ (0.13) | $ (0.21) | $ (0.39) |
| Net loss per share attributable to common stockholders, diluted | $ (0.04) | $ (0.13) | $ (0.21) | $ (0.39) |
| Weighted average number of common shares used to compute net loss per share attributable to common stockholders, basic | 202,526,844 | 198,234,392 | 201,338,550 | 197,710,104 |
| Weighted average number of common shares used to compute net loss per share attributable to common stockholders, diluted | 202,526,844 | 198,234,392 | 201,338,550 | 197,710,104 |
AVDX Balance Sheet
2023-09-30Consolidated Balance Sheets - USD ($) $ in Thousands | Sep. 30, 2023 | Dec. 31, 2022 |
|---|---|---|
| Current assets | ||
| Cash and cash equivalents | $ 339,932 | $ 350,563 |
| Restricted funds held for customers | 1,226,216 | 1,283,824 |
| Marketable securities | 100,643 | 110,986 |
| Accounts receivable, net of allowances of $3,866 and $3,123, respectively | 40,892 | 39,668 |
| Supplier advances receivable, net of allowances of $1,313 and $1,872 respectively | 10,203 | 10,016 |
| Prepaid expenses and other current assets | 13,414 | 12,561 |
| Total current assets | 1,731,300 | 1,807,618 |
| Property and equipment, net | 101,463 | 103,892 |
| Operating lease right-of-use assets | 1,903 | 2,343 |
| Deferred customer origination costs, net | 27,499 | 28,284 |
| Goodwill | 165,921 | 165,921 |
| Intangible assets, net | 88,583 | 98,749 |
| Other noncurrent assets and deposits | 4,129 | 5,189 |
| Total assets | 2,120,798 | 2,211,996 |
| Current liabilities | ||
| Accounts payable | 18,759 | 13,453 |
| Accrued expenses | 46,878 | 73,535 |
| Payment service obligations | 1,226,216 | 1,283,824 |
| Deferred revenue | 12,526 | 12,063 |
| Current maturities of lease obligations under finance leases | 305 | 477 |
| Current maturities of lease obligations under operating leases | 1,593 | 1,380 |
| Current maturities of long-term debt | 6,425 | 6,425 |
| Total current liabilities | 1,312,702 | 1,391,157 |
| Long-term liabilities | ||
| Deferred revenue, less current portion | 15,373 | 17,487 |
| Contingent consideration, less current portion | 70 | 70 |
| Obligations under finance leases, less current maturities | 62,340 | 61,974 |
| Obligations under operating leases, less current maturities | 3,627 | 4,657 |
| Long-term debt | 74,898 | 75,912 |
| Other long-term liabilities | 3,385 | 3,295 |
| Total liabilities | 1,472,395 | 1,554,552 |
| Commitments and contingencies | ||
| Stockholders' equity | ||
| Preferred stock, $0.001 par value; 50,000,000 shares authorized, no shares issued and outstanding as of September 30, 2023 and December 31, 2022 | ||
| Common stock, $0.001 par value; 1,600,000,000 shares authorized as of September 30, 2023 and December 31, 2022; 202,896,081 and 199,433,998 shares issued and outstanding as of September 30, 2023 and December 31, 2022, respectively | 203 | 199 |
| Additional paid-in capital | 1,665,887 | 1,632,080 |
| Accumulated deficit | (1,017,687) | (974,835) |
| Total stockholders' equity | 648,403 | 657,444 |
| Total liabilities and stockholders' equity | $ 2,120,798 | $ 2,211,996 |
| Â CEO | Mr. Michael Praeger |
|---|---|
| Â WEBSITE | www.avidxchange.com |
| Â EMPLOYEES | 1600 |