Avidxchange Holdings, Inc. Financials
Avidxchange Holdings, Inc. (AVDX) reported $446.7M in revenue over the twelve months to Jun 30, 2025, up 8.0% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 6 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
AvidXchange’s turn to profitability came from gross profit scaling far faster than cost of revenue, not from borrowing or austerity.
From FY2022 to FY2024, revenue added$122.6M while cost of revenue rose only$3.9M , so most of the earnings improvement came from better fixed-cost absorption at the gross-profit line rather than from shrinking the business around itself. That matters because FY2024 produced$71.9M of operating cash flow against just$8.1M of net income, showing that the first profitable year also had stronger cash conversion quality instead of being only an accounting crossover.
The company did not reach this point by starving investment: R&D still ran at
The balance sheet is now lightly levered: long-term debt fell from
Financial Health Signals
Scored against operating companies for FY2024. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Avidxchange Holdings, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Avidxchange Holdings, Inc. has an operating margin of -0.6%, meaning the company loses $1 on every $100 of revenue. This results in a profitability score of 29/100. This is up from -14.1% the prior year.
Avidxchange Holdings, Inc.'s revenue surged 15.3% year-over-year to $438.9M, reflecting rapid business expansion. This strong growth earns a score of 79/100.
Avidxchange Holdings, Inc. carries a low D/E ratio of 0.01, meaning only $0.01 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 100/100, indicating a strong balance sheet with room for future borrowing.
Avidxchange Holdings, Inc.'s current ratio of 1.29 indicates adequate short-term liquidity, earning a score of 33/100. The company can meet its near-term obligations, though with limited headroom.
Not available for Avidxchange Holdings, Inc., and counted as zero in the overall score.
Avidxchange Holdings, Inc.'s ROE of 1.2% shows moderate profitability relative to equity, earning a score of 34/100. This is up from -7.2% the prior year.
Avidxchange Holdings, Inc. scores 0.63, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($2.1B) relative to total liabilities ($1.4B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Avidxchange Holdings, Inc. passes 8 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 2 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Avidxchange Holdings, Inc. generates $8.83 in operating cash flow ($71.9M OCF vs $8.1M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Avidxchange Holdings, Inc. reported an operating loss of $2.6M against $11.3M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations.
Key Financial Metrics
Earnings & Revenue
Avidxchange Holdings, Inc. generated $438.9M in revenue in fiscal year 2024. This represents an increase of 15.3% from the prior year.
Avidxchange Holdings, Inc.'s EBITDA was $33.7M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 291.6% from the prior year.
Avidxchange Holdings, Inc. reported $8.1M in net income in fiscal year 2024. This represents an increase of 117.2% from the prior year.
Avidxchange Holdings, Inc. earned $0.04 per diluted share (EPS) in fiscal year 2024. This represents an increase of 117.4% from the prior year.
Cash & Balance Sheet
Avidxchange Holdings, Inc. held $355.6M in cash against $4.3M in long-term debt as of fiscal year 2024, with $1.3B of liabilities due within a year.
Not reported for fiscal year 2024.
Not reported for fiscal year 2024.
Margins & Returns
Avidxchange Holdings, Inc.'s gross margin was 72.3% in fiscal year 2024, indicating the percentage of revenue retained after direct costs. This is up 4.1 percentage points from the prior year.
Avidxchange Holdings, Inc.'s operating margin was -0.6% in fiscal year 2024, reflecting core business profitability. This is up 13.5 percentage points from the prior year.
Avidxchange Holdings, Inc.'s net profit margin was 1.9% in fiscal year 2024, showing the share of revenue converted to profit. This is up 14.3 percentage points from the prior year.
Avidxchange Holdings, Inc.'s ROE was 1.2% in fiscal year 2024, measuring profit generated per dollar of shareholder equity. This is up 8.4 percentage points from the prior year.
Capital Allocation
Avidxchange Holdings, Inc. invested $101.1M in research and development in fiscal year 2024. This represents an increase of 3.6% from the prior year.
Avidxchange Holdings, Inc. spent $50.1M on share buybacks in fiscal year 2024, returning capital to shareholders by reducing shares outstanding.
Not reported for fiscal year 2024.
AVDX Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $110.6M+2.4% | $107.9M-6.5% | $115.4M+2.4% | $112.8M+7.3% | $105.1M-0.4% | $105.6M+1.5% | $104.1M+5.5% | $98.7M |
| Cost of Revenue | $30.9M+0.5% | $30.8M+0.6% | $30.6M+0.5% | $30.4M0.0% | $30.4M+0.3% | $30.3M-1.7% | $30.8M+0.3% | $30.8M |
| Gross Profit | $79.6M+3.2% | $77.2M-9.1% | $84.8M+3.0% | $82.3M+10.2% | $74.7M-0.7% | $75.3M+2.8% | $73.2M+7.8% | $67.9M |
| R&D Expenses | $27.0M+6.3% | $25.4M+1.2% | $25.1M-0.2% | $25.1M+0.5% | $25.0M-3.5% | $25.9M+3.9% | $24.9M+0.7% | $24.8M |
| SG&A Expenses | $33.5M+15.8% | $28.9M+7.8% | $26.9M+4.2% | $25.8M+13.8% | $22.6M-6.7% | $24.3M-8.7% | $26.6M+6.3% | $25.0M |
| Operating Income | -$12.4M-48.5% | -$8.4M | N/A | N/A | -$2.1M+48.9% | -$4.1M+34.5% | -$6.3M+34.8% | -$9.6M |
| Interest Expense | $2.0M+0.2% | $2.0M-2.5% | $2.1M-21.3% | $2.6M-21.3% | $3.3M-0.4% | $3.3M-2.2% | $3.4M-0.4% | $3.4M |
| Income Tax | -$477K-143.8% | $1.1M+342.7% | $246K-42.9% | $431K+262.2% | $119K-4.8% | $125K-85.4% | $856K+538.8% | $134K |
| Net Income | -$9.5M-29.4% | -$7.3M-256.5% | $4.7M+15.4% | $4.0M+828.2% | $436K+143.2% | -$1.0M+77.4% | -$4.5M+44.7% | -$8.1M |
| EPS (Diluted) | -$0.05-25.0% | -$0.04-300.0% | $0.020.0% | $0.02 | $0.00 | $0.00+100.0% | -$0.02+50.0% | -$0.04 |
AVDX Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $2.0B+0.6% | $2.0B-4.7% | $2.1B+4.2% | $2.0B-5.1% | $2.1B-0.3% | $2.1B-14.7% | $2.5B+17.1% | $2.1B |
| Current Assets | $1.6B+0.9% | $1.6B-5.5% | $1.7B+5.5% | $1.6B-6.0% | $1.7B-0.1% | $1.7B-17.2% | $2.1B+21.2% | $1.7B |
| Cash & Equivalents | $335.8M+9.3% | $307.3M-13.6% | $355.6M+12.8% | $315.3M-16.0% | $375.2M+9.2% | $343.7M-15.6% | $407.0M+19.7% | $339.9M |
| Accounts Receivable | $51.0M-4.6% | $53.4M+3.4% | $51.7M-7.9% | $56.1M+12.0% | $50.1M+2.5% | $48.9M+4.7% | $46.7M+14.2% | $40.9M |
| Goodwill | $165.9M0.0% | $165.9M0.0% | $165.9M0.0% | $165.9M0.0% | $165.9M0.0% | $165.9M0.0% | $165.9M0.0% | $165.9M |
| Total Liabilities | $1.3B+0.3% | $1.3B-7.4% | $1.4B+6.7% | $1.3B-6.9% | $1.4B-1.6% | $1.4B-20.7% | $1.8B+24.1% | $1.5B |
| Current Liabilities | $1.2B+0.3% | $1.2B-7.9% | $1.3B+7.7% | $1.2B-2.9% | $1.3B-1.7% | $1.3B-22.5% | $1.7B+27.4% | $1.3B |
| Long-Term Debt | $4.3M0.0% | $4.3M0.0% | $4.3M-52.7% | $9.1M-86.8% | $69.1M-0.5% | $69.4M-0.5% | $69.8M-6.9% | $74.9M |
| Total Equity | $687.5M+1.2% | $679.2M+1.1% | $671.8M-0.7% | $676.8M-1.3% | $685.8M+2.4% | $669.6M+2.0% | $656.4M+1.2% | $648.4M |
| Retained Earnings | -$1.0B-0.9% | -$1.0B-0.7% | -$1.0B+0.5% | -$1.0B+0.4% | -$1.0B0.0% | -$1.0B-0.1% | -$1.0B-0.4% | -$1.0B |
Not reported in any period shown, so not listed: Inventory.
AVDX Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $23.2M+213.8% | $7.4M-74.0% | $28.5M+15.9% | $24.6M-2.9% | $25.3M+498.0% | -$6.4M-132.7% | $19.4M+243.8% | $5.7M |
| Investing Cash Flow | $2.5M+104.5% | -$55.5M-237.6% | $40.3M+772.7% | $4.6M+41.5% | $3.3M+105.5% | -$59.5M-215.1% | $51.7M+1677.8% | -$3.3M |
| Financing Cash Flow | $1.4M+101.4% | -$101.0M-249.5% | $67.6M+152.7% | -$128.2M-433.3% | -$24.0M+93.2% | -$355.6M-202.1% | $348.3M+848.3% | $36.7M |
| Share Buybacks | N/A | N/A | $25.0M | N/A | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Dividends Paid.
AVDX Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 72.0%+0.5pp | 71.5%-2.0pp | 73.5%+0.5pp | 73.0%+2.0pp | 71.1%-0.2pp | 71.3%+0.9pp | 70.4%+1.5pp | 68.8% |
| Operating Margin | -11.2%-3.5pp | -7.7% | N/A | N/A | -2.0%+1.9pp | -3.9%+2.1pp | -6.0%+3.7pp | -9.8% |
| Net Margin | -8.6%-1.8pp | -6.8%-10.8pp | 4.0%+0.5pp | 3.6%+3.2pp | 0.4%+1.4pp | -1.0%+3.3pp | -4.3%+3.9pp | -8.2% |
| Return on Equity | -1.4%-0.3pp | -1.1%-1.8pp | 0.7%+0.1pp | 0.6%+0.5pp | 0.1%+0.2pp | -0.1%+0.5pp | -0.7%+0.6pp | -1.3% |
| Return on Assets | -0.5%-0.1pp | -0.4%-0.6pp | 0.2%0.0pp | 0.2%+0.2pp | 0.0%+0.1pp | -0.1%+0.1pp | -0.2%+0.2pp | -0.4% |
| Current Ratio | 1.330.0x | 1.320.0x | 1.290.0x | 1.320.0x | 1.360.0x | 1.34+0.1x | 1.25-0.1x | 1.32 |
| Debt-to-Equity | 0.010.0x | 0.010.0x | 0.010.0x | 0.01-0.1x | 0.100.0x | 0.100.0x | 0.110.0x | 0.12 |
Not reported in any period shown, so not listed: FCF Margin.
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Where Avidxchange Holdings, Inc. Ranks
Frequently Asked Questions
What is Avidxchange Holdings, Inc.'s annual revenue?
Avidxchange Holdings, Inc. (AVDX) reported $438.9M in total revenue for fiscal year 2024. This represents a 15.3% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Avidxchange Holdings, Inc.'s revenue growing?
Avidxchange Holdings, Inc. (AVDX) revenue grew by 15.3% year-over-year, from $380.7M to $438.9M in fiscal year 2024.
Is Avidxchange Holdings, Inc. profitable?
Yes, Avidxchange Holdings, Inc. (AVDX) reported a net income of $8.1M in fiscal year 2024, with a net profit margin of 1.9%.
What is Avidxchange Holdings, Inc.'s EBITDA?
Avidxchange Holdings, Inc. (AVDX) had EBITDA of $33.7M in fiscal year 2024, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Avidxchange Holdings, Inc. have?
As of fiscal year 2024, Avidxchange Holdings, Inc. (AVDX) had $355.6M in cash and equivalents against $4.3M in long-term debt.
What is Avidxchange Holdings, Inc.'s gross margin?
Avidxchange Holdings, Inc. (AVDX) had a gross margin of 72.3% in fiscal year 2024, indicating the percentage of revenue retained after direct costs of goods sold.
What is Avidxchange Holdings, Inc.'s operating margin?
Avidxchange Holdings, Inc. (AVDX) had an operating margin of -0.6% in fiscal year 2024, reflecting the profitability of core business operations before interest and taxes.
What is Avidxchange Holdings, Inc.'s net profit margin?
Avidxchange Holdings, Inc. (AVDX) had a net profit margin of 1.9% in fiscal year 2024, representing the share of revenue converted into profit after all expenses.
What is Avidxchange Holdings, Inc.'s return on equity (ROE)?
Avidxchange Holdings, Inc. (AVDX) has a return on equity of 1.2% for fiscal year 2024, measuring how efficiently the company generates profit from shareholder equity.
What is Avidxchange Holdings, Inc.'s operating cash flow?
Avidxchange Holdings, Inc. (AVDX) generated $71.9M in operating cash flow during fiscal year 2024, representing cash generated from core business activities.
What are Avidxchange Holdings, Inc.'s total assets?
Avidxchange Holdings, Inc. (AVDX) had $2.1B in total assets as of fiscal year 2024, including both current and long-term assets.
How much does Avidxchange Holdings, Inc. spend on research and development?
Avidxchange Holdings, Inc. (AVDX) invested $101.1M in research and development during fiscal year 2024.
What is Avidxchange Holdings, Inc.'s current ratio?
Avidxchange Holdings, Inc. (AVDX) had a current ratio of 1.29 as of fiscal year 2024, which is considered adequate.
What is Avidxchange Holdings, Inc.'s debt-to-equity ratio?
Avidxchange Holdings, Inc. (AVDX) had a debt-to-equity ratio of 0.01 as of fiscal year 2024, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Avidxchange Holdings, Inc.'s return on assets (ROA)?
Avidxchange Holdings, Inc. (AVDX) had a return on assets of 0.4% for fiscal year 2024, measuring how efficiently the company uses its assets to generate profit.
What is Avidxchange Holdings, Inc.'s Altman Z-Score?
Avidxchange Holdings, Inc. (AVDX) has an Altman Z-Score of 0.63, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Avidxchange Holdings, Inc.'s Piotroski F-Score?
Avidxchange Holdings, Inc. (AVDX) has a Piotroski F-Score of 8 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Avidxchange Holdings, Inc.'s earnings high quality?
Avidxchange Holdings, Inc. (AVDX) has an earnings quality ratio of 8.83x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Avidxchange Holdings, Inc. cover its interest payments?
Avidxchange Holdings, Inc. (AVDX) reported an operating loss of $2.6M against $11.3M in interest expense. There is no operating profit to cover interest, so interest must be met from cash reserves or from financing rather than from operations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Avidxchange Holdings, Inc.?
Avidxchange Holdings, Inc. (AVDX) scores 46 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.