Grufity logoGrufity logo
ScreenerStocksFundsSectorsWatchlists
AVDX

AvidXchange Holdings, Inc.

AVDX

10.96USD+0.23 (+2.14%)Market Closed
Watchlist

Market Summary

USD10.96+0.23
Market Closed
2.14%

AVDX Alerts

  • 4 major insider sales recently.
  • Big jump in Earnings (Y/Y)
  • Losses in recent quarter

AVDX Stock Price

View Fullscreen

AVDX RSI Chart

AVDX Valuation

Market Cap

2.2B

Price/Earnings (Trailing)

-32.76

Price/Sales (Trailing)

6.13

EV/EBITDA

-111.73

Price/Free Cashflow

-226.27

AVDX Price/Sales (Trailing)

AVDX Profitability

EBT Margin

-27.65%

Return on Equity

-14.16%

Return on Assets

-4.72%

Free Cashflow Yield

-0.44%

AVDX Fundamentals

AVDX Revenue

Revenue (TTM)

362.8M

Revenue Y/Y

19.74%

Revenue Q/Q

8.26%

AVDX Earnings

Earnings (TTM)

-67.9M

Earnings Y/Y

68.11%

Earnings Q/Q

56.9%

Price Action

Last 7 days

3.7%

Last 30 days

40.5%

Last 90 days

7.1%

Trailing 12 Months

31.3%

How does AVDX drawdown profile look like?

AVDX Financial Health

Current Ratio

1.36

AVDX Investor Care

Shares Dilution (1Y)

2.22%

Diluted EPS (TTM)

-0.33

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales
YearQ1Q2Q3Q4
2023332.0M346.6M362.8M0
2022264.4M282.2M299.4M316.4M
2021200.2M214.4M232.0M248.4M
2020158.7M167.8M176.8M185.9M
2019000149.6M

Latest Insider Trading transactions for AVDX

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
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

1–10 of 50

Which funds bought or sold AVDX recently?

View All Details
Datesorted ascendingFund NameType% 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
-%

1–10 of 46

Latest Funds Activity

Are funds buying AVDX calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own AVDX
No. of Funds

Schedule 13G FIlings of AvidXchange Holdings, Inc.

Date FiledName of FilerPercent of ClassNo. of SharesForm 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
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
2.7T
218.3B
3.44% 50.46%
35.55
12.55
7.50% 10.47%
271.6B
18.9B
5.35% 79.89%
53.04
14.38
9.86% 6.40%
57.0B
2.8B
28.18% 110.33%
-4.8K
20
39.94% 93.33%
41.3B
20.8B
37.38% 10.98%
-145.83
1.98
22.61% 44.15%
17.3B
3.7B
5.56% 27.46%
33.54
4.61
4.19% -7.24%
MID-CAP
10.0B
2.8B
9.14% 13.00%
25.28
3.55
4.35% 22.59%
5.7B
601.6M
5.65% 48.93%
-341.89
9.4
8.88% 70.93%
4.8B
542.4M
28.80% -2.20%
-19.92
8.85
37.83% 40.17%
2.9B
1.4B
12.57% 31.44%
33.02
2.06
-0.63% -44.79%
2.8B
525.8M
1.66% 4.22%
-20.44
5.28
17.58% 4.56%
SMALL-CAP
1.6B
1.2B
5.09% -8.41%
20.38
1.35
8.09% 97.57%
941.1M
258.9M
14.56% -33.03%
23.48
3.63
-5.29% 1.20%
304.9M
592.7M
-3.40% -45.00%
10.88
0.51
9.29% 227.17%
7.8M
16.3M
- -44.86%
-4.23
0.48
-2.49% -246.74%
6.9M
13.4M
-14.29% -87.05%
-0.73
0.51
-18.06% -46.22%

AvidXchange Holdings, Inc. News

Latest updates
MarketBeat06 Dec 202305:26 pm14 hours ago
MarketBeat06 Dec 202312:37 pm19 hours ago
Investing.com UK05 Dec 202307:20 pm36 hours ago
Yahoo Finance05 Dec 202301:22 pm42 hours ago
Nasdaq05 Dec 202309:00 am47 hours ago
Defense World04 Dec 202310:29 am2 days ago
Yahoo Finance22 Nov 202308:00 am15 days ago
Nasdaq22 Nov 202308:00 am15 days ago
Marketscreener.com20 Nov 202302:01 pm16 days ago
Yahoo Finance17 Nov 202308:00 am20 days ago
Defense World12 Nov 202308:57 am24 days ago
Yahoo Finance10 Nov 202308:00 am27 days ago
Marketscreener.com08 Nov 202308:00 am29 days ago
Morningstar08 Nov 202308:00 am29 days ago
Investing.com UK08 Nov 202308:00 am29 days ago

Financials for AvidXchange Holdings, Inc.

Income Statement (Last 12 Months)
Income Statement (Quarterly)
Description(%) Q/Q2023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q4
Revenue8.3%98,680,00091,154,00086,822,00086,175,00082,411,00076,561,00071,203,00069,265,00065,176,00058,754,00055,214,00052,863,00047,600,000---
Operating Expenses-4.8%77,542,00081,410,00074,470,00078,672,00074,645,00068,830,00063,717,000101,246,00055,518,00051,604,00048,685,00057,338,00040,128,000---
  S&GA Expenses-6.7%18,735,00020,076,00020,135,00019,805,00020,241,00020,448,00017,239,00019,763,00016,118,00014,547,00013,511,00012,631,00011,763,000---
  R&D Expenses0.1%24,754,00024,740,00023,122,00021,729,00021,997,00020,107,00020,072,00021,922,00015,672,00013,620,00013,933,00012,344,00011,055,000---
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 Expenses1.9%3,428,0003,363,0003,315,0005,488,0005,209,0005,075,0004,977,0005,123,0004,874,0005,086,0005,025,0005,064,0005,039,000---
Income Taxes-0.7%134,000135,00070,000114,00069,00069,00069,000-4,863,0002,000133,00068,00059,00058,000---
Earnings Before Taxes57.3%-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 Income56.9%-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----25,629,0001,163,000875,000-5,425,000-25,314,000-27,352,000-222,000-21,149,000-10,526,666-10,526,666-10,526,666---
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q4
Assets1.6%2,1212,0871,9502,2121,9132,0121,9322,2661,4591,215971727
  Current Assets2.3%1,7311,6931,5511,8081,5021,5991,5161,8581,076--432
    Cash Equivalents0.8%340337368351411363295563151--252
  Net PPE-0.9%10110210310410510610610683.00--87.00
  Goodwill0%16616616616616616616616616160.00-106
Liabilities2.0%1,4721,4431,3001,5551,2401,3241,2271,5431,182923664405
  Current Liabilities2.5%1,3131,2811,1371,3911,0291,1121,0161,332960--213
    LT Debt, Current0%6.006.006.006.005.005.005.005.001.00--1.00
    LT Debt, Non Current-0.4%75.0075.0076.0076.00123123121120---98.00
Shareholder's Equity0.6%648645651657672688704723----
  Retained Earnings-0.8%-1,017-1,009-990-974-948-923-897-871-799---672
  Additional Paid-In Capital0.7%1,6661,6541,6411,6321,6211,6121,6021,595230--161
Shares Outstanding0.4%20320220119919819819719757.0055.0052.0050.00
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Quarterly)
(In Thousands)
(*) denotes actual numbers (not divided by Thousands)
Description(%) Q/Q2023Q32023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q4
Cashflow From Operations-37.0%5,6558,983-25,6291,163875-5,425-25,314-27,352-222-21,149-19,944-12,549----
  Share Based Compensation1.9%11,22911,0218,9318,0718,7188,2586,79118,3191,1571,105847778----
Cashflow From Investing91.9%-3,278-40,68044,184-15,68946,73072,297-243,686-19,869-54,106-6,034-4,098-26,090----
Cashflow From Financing-73.6%36,732139,375-233,581310,089-95,99793,446-309,265830,667192,286156,113388,793-143,627----

AVDX Income Statement

2023-09-30
Consolidated Statements of Operations - USD ($)
$ in Thousands
3 Months Ended9 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)30,76729,89090,46186,676
Operating expenses    
Sales and marketing18,73520,24158,94657,928
Research and development24,75421,99772,61662,176
General and administrative25,00224,04275,34562,704
Depreciation and amortization9,0518,36526,51524,384
Total operating expenses77,54274,645233,422207,192
Loss from operations(9,629)(22,124)(47,227)(63,693)
Other income (expense)    
Interest income5,1002,03114,8202,906
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 expense13469339207
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, basic202,526,844198,234,392201,338,550197,710,104
Weighted average number of common shares used to compute net loss per share attributable to common stockholders, diluted202,526,844198,234,392201,338,550197,710,104

AVDX Balance Sheet

2023-09-30
Consolidated 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 customers1,226,2161,283,824
Marketable securities100,643110,986
Accounts receivable, net of allowances of $3,866 and $3,123, respectively40,89239,668
Supplier advances receivable, net of allowances of $1,313 and $1,872 respectively10,20310,016
Prepaid expenses and other current assets13,41412,561
Total current assets1,731,3001,807,618
Property and equipment, net101,463103,892
Operating lease right-of-use assets1,9032,343
Deferred customer origination costs, net27,49928,284
Goodwill165,921165,921
Intangible assets, net88,58398,749
Other noncurrent assets and deposits4,1295,189
Total assets2,120,7982,211,996
Current liabilities  
Accounts payable18,75913,453
Accrued expenses46,87873,535
Payment service obligations1,226,2161,283,824
Deferred revenue12,52612,063
Current maturities of lease obligations under finance leases305477
Current maturities of lease obligations under operating leases1,5931,380
Current maturities of long-term debt6,4256,425
Total current liabilities1,312,7021,391,157
Long-term liabilities  
Deferred revenue, less current portion15,37317,487
Contingent consideration, less current portion7070
Obligations under finance leases, less current maturities62,34061,974
Obligations under operating leases, less current maturities3,6274,657
Long-term debt74,89875,912
Other long-term liabilities3,3853,295
Total liabilities1,472,3951,554,552
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, $0.001 par value; 1,600,000,000 shares authorized as of September 30, 2023 and December 31, 2022; 202,896,081 and 199,433,998 shares issued and outstanding as of September 30, 2023 and December 31, 2022, respectively203199
Additional paid-in capital1,665,8871,632,080
Accumulated deficit(1,017,687)(974,835)
Total stockholders' equity648,403657,444
Total liabilities and stockholders' equity$ 2,120,798$ 2,211,996
AVDX
AvidXchange Holdings, Inc. provides accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers in North America. The company offers AP automation software, a SaaS-based solution that automates and digitizes capture, review, approval, and payment of invoices for buyers; the AvidPay network that connects two-sided payments with buyers and suppliers; and Cashflow manager that provides cash management solutions. Its platform offers electronic invoice capture, workflow routing, and automated payments solutions. The company markets its solutions through direct salesforces; strategic channel partnerships; and software and technology business partners. It serves real estate, homeowners associations, construction, financial services, healthcare facilities, social services, education, and media sectors. The company was incorporated in 2000 and is headquartered in Charlotte, North Carolina.
 CEO
 WEBSITEwww.avidxchange.com
 EMPLOYEES1600

AvidXchange Holdings, Inc. Frequently Asked Questions


What is the ticker symbol for AvidXchange Holdings, Inc.? What does AVDX stand for in stocks?

AVDX is the stock ticker symbol of AvidXchange Holdings, Inc.. Every public company that trades on a stock exchange gets a ticker symbol.

What is the market capital of AvidXchange Holdings, Inc. (AVDX)?

As of Wed Dec 06 2023, market cap of AvidXchange Holdings, Inc. is 2.22 Billion. The market capitalization is calculated by multiplying the stock price with the number of shares outstanding.

What is the fair value of AVDX stock?

You can check AVDX's fair value in chart. The fair value of AvidXchange Holdings, Inc. is provided for various growth and macro-economic scenarios from very pessimiatic to very optimistic assumptions. These fair values are estimates from Grufity's Fair Value model based on company's past performance. However, past performance of AvidXchange Holdings, Inc. is no guarantee of future performance. These fairvalue estimates should only be used as one of the inputs in your stock analysis. We provide model's historical fair value estimates for AVDX so that you know how good or bad the model has been in the past so you can discard it if needed. There are others that provide fair values of stocks such as wallmine, finbox, gurufocus and finviz. Most provide point in time estimates. We provide a history of our models fair value estimates so that you can get a sense of it's usefulness. Otherwise this data point is of little use.

Is AvidXchange Holdings, Inc. a good stock to buy?

The fair value guage provides a quick view whether AVDX is over valued or under valued. Whether AvidXchange Holdings, Inc. is cheap or expensive depends on the assumptions which impact AvidXchange Holdings, Inc.'s fair value. We provide several scenarios of inflation and growth to encompass these range of assumptions for AVDX.

What is AvidXchange Holdings, Inc.'s Price to Earnings (PE) and Price to sales (PS) ratio?

As of Wed Dec 06 2023, AVDX's PE ratio (Price to Earnings) is -32.76 and Price to Sales (PS) ratio is 6.13. The price to earnings and price to sales ratio are two most important valuation metrics for any company. PE ratio tell us the number of years of earnings investors are ready to pay for owning the company. Historically, S&P500 price to earnings ratio has fallen below 12 during periods of gloom and gone past 30 during periods of euphoria. AVDX PE ratio will change depending on the future growth rate expectations of investors.