AvidXchange Holdings, Inc. (AVDX) Financial Statements (2026 and earlier)
Company Profile
| Business Address |
1210 AVIDXCHANGE LANE CHARLOTTE, NC 28206 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 7372 - Prepackaged Software (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2025 MRQ | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | |||
|---|---|---|---|---|---|---|---|
| ASSETS | |||||||
| Current Assets | |||||||
| Cash, cash equivalents, and short-term investments | 389,300 | 451,619 | 461,549 | 562,817 | |||
| Cash and cash equivalent | 355,637 | 406,974 | 350,563 | 562,817 | |||
| Short-term investments | 33,663 | 44,645 | 110,986 | ||||
| Receivables | 51,671 | 46,689 | 39,668 | 29,860 | |||
| Funds held for clients | 1,250,346 | 1,578,656 | 1,283,824 | 1,242,346 | |||
| Other undisclosed current assets | 29,397 | 21,814 | 22,577 | 22,862 | |||
| Total current assets: | 1,720,714 | 2,098,778 | 1,807,618 | 1,857,885 | |||
| Noncurrent Assets | |||||||
| Operating lease, right-of-use asset | 1,628 | 2,343 | 3,278 | ||||
| Property, plant, and equipment, after accumulated depreciation, depletion, and amortization | 97,592 | 100,985 | 103,892 | 106,227 | |||
| Intangible asset, including goodwill, after accumulated amortization | 236,989 | 250,726 | 264,670 | 266,376 | |||
| Goodwill | 165,921 | 165,921 | 165,921 | 165,921 | |||
| Intangible asset, excluding goodwill, after accumulated amortization | 71,068 | 84,805 | 98,749 | 100,455 | |||
| Deferred costs | |||||||
| Other noncurrent assets | 6,297 | 3,957 | 5,189 | 4,261 | |||
| Other undisclosed noncurrent assets | 28,119 | 27,663 | 28,284 | 28,276 | |||
| Total noncurrent assets: | 368,997 | 384,959 | 404,378 | 408,418 | |||
| TOTAL ASSETS: | 2,089,711 | 2,483,737 | 2,211,996 | 2,266,303 | |||
| LIABILITIES AND EQUITY | |||||||
| Liabilities | |||||||
| Current Liabilities | |||||||
| Accounts payable and accrued liabilities | 62,343 | 73,144 | 86,988 | 73,224 | |||
| Accounts payable | 15,494 | 16,777 | 13,453 | 17,142 | |||
| Accrued liabilities | 46,849 | 56,367 | 73,535 | 56,082 | |||
| Deferred revenue | 13,967 | 12,851 | 12,063 | 9,530 | |||
| Debt | 4,903 | 6,700 | 6,902 | 5,470 | |||
| Business combination, contingent consideration, liability | 688 | ||||||
| Other undisclosed current liabilities | 1,251,553 | 1,580,181 | 1,285,204 | 1,243,394 | |||
| Total current liabilities: | 1,332,766 | 1,672,876 | 1,391,157 | 1,332,306 | |||
| Noncurrent Liabilities | |||||||
| Long-term debt and lease obligation | 67,325 | 132,224 | 137,886 | 184,500 | |||
| Long-term debt, excluding current maturities | 4,300 | 69,760 | 75,912 | 119,880 | |||
| Finance lease, liability | 63,025 | 62,464 | 61,974 | 61,172 | |||
| Liabilities, other than long-term debt | 17,787 | 22,192 | 25,439 | 26,372 | |||
| Deferred revenue | 11,856 | 14,742 | 17,487 | 20,350 | |||
| Other liabilities | 3,962 | 4,175 | 3,295 | 6,022 | |||
| Operating lease, liability | 1,969 | 3,275 | 4,657 | 3,448 | |||
| Other undisclosed noncurrent liabilities | 70 | 70 | |||||
| Total noncurrent liabilities: | 85,112 | 154,416 | 163,395 | 210,942 | |||
| Total liabilities: | 1,417,878 | 1,827,292 | 1,554,552 | 1,543,248 | |||
| Equity | |||||||
| Equity, attributable to parent | 671,833 | 656,445 | 657,444 | 723,055 | |||
| Common stock | 204 | 204 | 199 | 197 | |||
| Additional paid in capital | 1,685,644 | 1,678,401 | 1,632,080 | 1,594,780 | |||
| Accumulated deficit | (1,014,015) | (1,022,160) | (974,835) | (871,922) | |||
| Total equity: | 671,833 | 656,445 | 657,444 | 723,055 | |||
| TOTAL LIABILITIES AND EQUITY: | 2,089,711 | 2,483,737 | 2,211,996 | 2,266,303 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|---|---|
| Revenues | 438,940 | 380,720 | 316,350 | 248,409 | ||
| Cost of revenue (Cost of Product and Service Sold) | (121,781) | (121,307) | (117,864) | (100,090) | ||
| Gross profit: | 317,159 | 259,413 | 198,486 | 148,319 | ||
| Operating expenses | (319,735) | (312,914) | (285,864) | (257,053) | ||
| Operating loss: | (2,576) | (53,501) | (87,378) | (108,734) | ||
| Nonoperating income (expense) | 11,642 | 7,371 | (13,585) | (95,575) | ||
| Investment income, nonoperating | ||||||
| Other nonoperating income (expense) | 11,642 | 7,371 | (13,585) | (95,575) | ||
| Interest and debt expense | (1,081) | (13,519) | (1,579) | (20,108) | ||
| Income (loss) from continuing operations before equity method investments, income taxes: | 7,985 | (59,649) | (102,542) | (224,417) | ||
| Other undisclosed income from continuing operations before income taxes | 1,081 | 13,519 | 1,579 | 20,108 | ||
| Income (loss) from continuing operations before income taxes: | 9,066 | (46,130) | (100,963) | (204,309) | ||
| Income tax expense (benefit) | (921) | (1,195) | (321) | 4,660 | ||
| Income (loss) from continuing operations: | 8,145 | (47,325) | (101,284) | (199,649) | ||
| Loss before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | ✕ | (199,649) | |
| Net income (loss) attributable to parent: | 8,145 | (47,325) | (101,284) | (199,649) | ||
| Preferred stock dividends and other adjustments | (9,500) | |||||
| Other undisclosed net loss available to common stockholders, basic | (15,141) | |||||
| Net income (loss) available to common stockholders, diluted: | 8,145 | (47,325) | (101,284) | (224,290) | ||
Comprehensive Income ($ in thousands)
| 6/30/2025 TTM | 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | ||
|---|---|---|---|---|---|---|
| Net income (loss): | 8,145 | (47,325) | (101,284) | (199,649) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 8,145 | (47,325) | (101,284) | (199,649) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.