AvidXchange Holdings, Inc.
AvidXchange Holdings, Inc.
AvidXchange Holdings, Inc. (AVDX) — SEC Financial Statements & Analysis
AvidXchange Holdings, Inc. (AVDX) files its annual 10-K and quarterly 10-Q reports directly with the SEC. The financial data below is sourced as-filed from EDGAR — balance sheet, income statement, and cash flow as reported, without normalization or third-party adjustments.
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Financial Statements
Values in Millions ($) | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Assets | |||||||||||||||||
Assets Current | |||||||||||||||||
Cash And Cash Equivalents At Carrying Value | 336 | 307 | 356 | 315 | 375 | 344 | 407 | 340 | 337 | 368 | 351 | 411 | |||||
Funds Held For Clients | 1,148 | 1,150 | 1,250 | 1,154 | 1,193 | 1,220 | 1,579 | 1,226 | 1,190 | 1,051 | 1,284 | 928 | |||||
Marketable Securities Current | 71 | 82 | 34 | 79 | 90 | 100 | 45 | 101 | 101 | 64 | 111 | 97 | |||||
Accounts Receivable Net Current | 51 | 53 | 52 | 56 | 50 | 49 | 47 | 41 | 43 | 43 | 40 | 40 | |||||
Prepaid Expense And Other Assets Current | 16 | 17 | 15 | 13 | 15 | 15 | 12 | 13 | 12 | 15 | 13 | 13 | |||||
Assets Current | 1,640 | 1,626 | 1,721 | 1,631 | 1,736 | 1,738 | 2,099 | 1,731 | 1,693 | 1,551 | 1,808 | 1,502 | |||||
Property Plant And Equipment Net | 97 | 97 | 98 | 98 | 99 | 100 | 101 | 101 | 102 | 103 | 104 | 105 | |||||
Operating Lease Right Of Use Asset | - | - | 0 | 1 | 1 | 2 | 2 | 2 | 2 | 2 | 2 | 5 | |||||
Capitalized Contract Cost Net | 29 | 28 | 28 | 28 | 28 | 27 | 28 | 27 | 28 | 28 | 28 | 28 | |||||
Goodwill | 166 | 166 | 166 | 166 | 166 | 166 | 166 | 166 | 166 | 166 | 166 | 166 | |||||
Intangible Assets Net Excluding Goodwill | 65 | 68 | 71 | 74 | 77 | 81 | 85 | 89 | 92 | 95 | 99 | 102 | |||||
Other Assets Noncurrent | 7 | 7 | 6 | 6 | 5 | 5 | 4 | 4 | 4 | 4 | 5 | 5 | |||||
Assets | 2,004 | 1,992 | 2,090 | 2,005 | 2,112 | 2,119 | 2,484 | 2,121 | 2,087 | 1,950 | 2,212 | 1,913 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Liabilities Current | |||||||||||||||||
Accounts Payable Current | 20 | 20 | 15 | 16 | 15 | 15 | 17 | 19 | 17 | 13 | 13 | 17 | |||||
Accrued Liabilities Current | 45 | 38 | 47 | 47 | 46 | 40 | 56 | 47 | 54 | 52 | 74 | 67 | |||||
Deferred Revenue Current | 13 | 15 | 14 | 13 | 12 | 12 | 13 | 13 | 13 | 12 | 12 | 11 | |||||
Finance Lease Liability Current | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 | |||||
Operating Lease Liability Current | 1 | 1 | 1 | 2 | 1 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | |||||
Long Term Debt Current | 5 | 5 | 5 | 5 | 6 | 6 | 6 | 6 | 6 | 6 | 6 | 5 | |||||
Liabilities Current | 1,232 | 1,228 | 1,333 | 1,237 | 1,274 | 1,296 | 1,673 | 1,313 | 1,281 | 1,137 | 1,391 | 1,029 | |||||
Liabilities Noncurrent | |||||||||||||||||
Deferred Revenue Noncurrent | 11 | 11 | 12 | 12 | 13 | 14 | 15 | 15 | 17 | 17 | 17 | 18 | |||||
Business Combination Contingent Consideration Liab… | - | - | - | - | - | - | - | 0 | 0 | 0 | 0 | 0 | |||||
Finance Lease Liability Noncurrent | 63 | 63 | 63 | 63 | 63 | 63 | 62 | 62 | 62 | 62 | 62 | 62 | |||||
Operating Lease Liability Noncurrent | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 4 | 4 | 4 | 5 | 5 | |||||
Long Term Debt Noncurrent | 4 | 4 | 4 | 9 | 69 | 69 | 70 | 75 | 75 | 76 | 76 | 123 | |||||
Other Liabilities Noncurrent | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 3 | |||||
Liabilities | 1,316 | 1,313 | 1,418 | 1,328 | 1,426 | 1,449 | 1,827 | 1,472 | 1,443 | 1,300 | 1,555 | 1,240 | |||||
Stockholders Equity | |||||||||||||||||
Common Stock Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Additional Paid In Capital | 1,718 | 1,700 | 1,686 | 1,695 | 1,708 | 1,693 | 1,678 | 1,666 | 1,654 | 1,641 | 1,632 | 1,621 | |||||
Retained Earnings Accumulated Deficit | -1,031 | -1,021 | -1,014 | -1,019 | -1,023 | -1,023 | -1,022 | -1,018 | -1,010 | -991 | -975 | -949 | |||||
Stockholders Equity | 688 | 679 | 672 | 677 | 686 | 670 | 656 | 648 | 645 | 651 | 657 | 671 | |||||
Liabilities And Stockholders Equity | 2,004 | 1,992 | 2,090 | 2,005 | 2,112 | 2,119 | 2,484 | 2,121 | 2,087 | 1,950 | 2,212 | 1,913 | |||||
Allowance For Doubtful Accounts Receivable Current | 4 | 4 | 4 | 5 | 4 | 4 | 4 | 4 | 4 | 3 | 3 | 3 | |||||
Allowance For Notes And Loans Receivable Current | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 1 | 2 | 2 | 1 | |||||
Preferred Stock Par Or Stated Value Per Share | 0.001 | 0.001 | 0 | 0.001 | 0.001 | 0.001 | 0 | 0.001 | 0.001 | 0.001 | 0 | 0.001 | |||||
Preferred Stock Shares Authorized | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | 50 | |||||
Preferred Stock Shares Issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Preferred Stock Shares Outstanding | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Common Stock Par Or Stated Value Per Share | 0.001 | 0.001 | 0 | 0.001 | 0.001 | 0.001 | 0 | 0.001 | 0.001 | 0.001 | 0 | 0.001 | |||||
Common Stock Shares Authorized | 1,600 | 1,600 | 1,600 | 1,600 | 1,600 | 1,600 | 1,600 | 1,600 | 1,600 | 1,600 | 1,600 | 1,600 | |||||
Common Stock Shares Issued | 208 | 206 | 204 | 206 | 208 | 206 | 204 | 203 | 202 | 201 | 199 | 198 | |||||
Shares Outstanding | 208 | 206 | 204 | 206 | 208 | 206 | 204 | 203 | 202 | 201 | 199 | 198 | |||||
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Performance and Valuation Metrics
Metrics | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | 2023-03-31 | 2022-12-31 | 2022-09-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liquidity Ratios | |||||||||||||||||
| Current Ratio | 1.33 | 1.32 | 1.29 | 1.32 | 1.36 | 1.34 | 1.25 | 1.32 | 1.32 | 1.36 | 1.30 | 1.46 | |||||
| Quick Ratio | 1.32 | 1.31 | 1.28 | 1.31 | 1.35 | 1.33 | 1.25 | 1.31 | 1.31 | 1.35 | 1.29 | 1.45 | |||||
| Working Capital | 407.94M | 397.93M | 387.95M | 393.86M | 461.24M | 441.90M | 425.90M | 418.60M | 412.09M | 414.42M | 416.46M | 472.49M | |||||
Leverage & Debt | |||||||||||||||||
| Debt to Equity | 1.91 | 1.93 | 2.11 | 1.96 | 2.08 | 2.16 | 2.78 | 2.27 | 2.24 | 2.00 | 2.36 | 1.85 | |||||
| Interest Coverage TTM | -1.85 | -0.57 | -0.13 | -0.84 | -1.64 | -2.99 | -3.96 | -4.55 | -4.80 | -4.41 | -4.21 | -5.13 | |||||
| Debt Ratio | 0.66 | 0.66 | 0.68 | 0.66 | 0.68 | 0.68 | 0.74 | 0.69 | 0.69 | 0.67 | 0.70 | 0.65 | |||||
Efficiency & Turnover | |||||||||||||||||
| Asset Turnover TTM | 0.22 | 0.21 | 0.19 | 0.21 | 0.20 | 0.20 | 0.16 | 0.18 | 0.17 | 0.17 | 0.14 | 0.25 | |||||
| Days Sales Outstanding TTM | 41.29 | 42.31 | 40.90 | 41.40 | 41.09 | 42.04 | 41.40 | 40.54 | 41.62 | 42.53 | 40.75 | 30.84 | |||||
| Receivables Turnover TTM | 8.84 | 8.63 | 8.93 | 8.82 | 8.88 | 8.68 | 8.82 | 9.00 | 8.77 | 8.58 | 8.96 | 11.84 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | -0.04 | 0.01 | 0.04 | -0.00 | -0.06 | -0.16 | -0.23 | -0.34 | -0.42 | -0.46 | -0.51 | -1.31 | |||||
| Free Cash Flow Per Share TTM | 0.31 | 0.33 | 0.26 | 0.22 | 0.13 | 0.06 | -0.04 | -0.13 | -0.15 | -0.23 | -0.27 | -0.62 | |||||
| Dividend Per Share TTM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 72.52% | 72.30% | 72.26% | 71.46% | 70.40% | 69.42% | 68.14% | 66.47% | 65.15% | 63.99% | 62.74% | 61.06% | |||||
| Operating Profit Margin TTM | -2.55% | -0.24% | 0.73% | -1.87% | -5.35% | -10.14% | -14.05% | -19.54% | -24.07% | -25.36% | -27.62% | -37.81% | |||||
| Net Profit Margin TTM | -1.80% | 0.42% | 1.86% | -0.23% | -3.18% | -8.10% | -12.43% | -18.71% | -24.57% | -27.75% | -32.02% | -62.89% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | 8.04% | 10.46% | 15.29% | 17.84% | 19.31% | 20.34% | 20.35% | -12.23% | -12.52% | - | - | - | |||||
| Net Income Growth (1Y) | -38.67% | -105.70% | -117.21% | -98.53% | -84.57% | -64.89% | -53.27% | -73.89% | -69.05% | - | - | - | |||||
| EPS Growth (1Y) | -38.64% | -105.69% | -116.86% | -98.56% | -84.98% | -65.75% | -54.16% | -74.45% | -69.62% | - | - | - | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | 65.13M | 67.73M | 54.40M | 45.83M | 27.62M | 11.49M | -7.60M | -26.02M | -30.90M | -46.22M | -53.36M | -123.67M | |||||
| Net Debt | -326.64M | -298.15M | -346.43M | -301.25M | -299.46M | -267.56M | -330.51M | -258.30M | -255.34M | -285.81M | -267.75M | -282.52M | |||||
Per-Share and Margin | |||||||||||||||||
| EPS TTM | |||||||||||||||||
| Adjusted EPS TTM | |||||||||||||||||
| Cash Flow Per Share TTM | |||||||||||||||||
| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
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| Average Inventory | |||||||||||||||||
| Average Receivables | |||||||||||||||||
| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
| Dividends Paid Growth (3Y) | |||||||||||||||||
| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
| Net Income Growth (5Y) | |||||||||||||||||
| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
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| ROA TTM | |||||||||||||||||
| ROE TTM | |||||||||||||||||
| NOPAT TTM | |||||||||||||||||
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| Effective Tax Rate TTM | |||||||||||||||||
| Payout Ratio TTM | |||||||||||||||||
| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
| P/CF TTM | |||||||||||||||||
| Dividend Yield TTM | |||||||||||||||||
| Free Cash Flow Yield TTM | |||||||||||||||||
| EV EBITDA TTM | |||||||||||||||||
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| Stock Compensation TTM | |||||||||||||||||
| Adjusted Net Income TTM | |||||||||||||||||
| Billings TTM | |||||||||||||||||
| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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