Avidxchange Holdings, Inc. Stock Price, News & Analysis

AvidXchange (NASDAQ: AVDX) reported its Q1 2025 financial results, showing modest growth amid challenging macro conditions. Total revenue increased 2.2% year-over-year to $107.9 million, while total transactions grew 1.9% to 19.7 million. The company reported a GAAP net loss of $(7.3) million, compared to $(1.0) million in Q1 2024.

Key metrics include non-GAAP net income of $10.4 million, total payment volume growth of 3.7% to $20.6 billion, and improved GAAP gross margins at 65.8%. The company maintained a strong balance sheet with $389.3 million in cash and marketable securities. Notably, AvidXchange has suspended its 2025 financial outlook due to its pending acquisition by TPG in partnership with Corpay.

Corpay (NYSE: CPAY) has announced a strategic investment of $500 million to acquire a 33% equity stake in AvidXchange (NASDAQ: AVDX) as part of a take-private transaction led by TPG. The deal values AvidXchange at $2.2 billion, with shareholders receiving $10.00 per share in cash. AvidXchange is a leading provider of AP automation solutions serving over 8,500 customers in the lower middle market, focusing on real estate, HOA, financial institutions, and media sectors. The transaction is expected to close in Q4 2025, with Corpay having an option to acquire the remaining stake in 2028. The deal is anticipated to be accretive to Corpay's earnings in 2026.

AvidXchange (NASDAQ: AVDX), a leading AP automation software provider, has announced its acquisition by TPG and Corpay in a $2.2 billion cash deal. Shareholders will receive $10.00 per share, representing a 22% premium over the closing price of $8.20 on May 6, 2025. TPG will acquire a majority stake through TPG Capital, while Corpay will hold a minority interest. Upon completion in Q4 2025, AvidXchange will become private. The deal aims to provide AvidXchange with additional flexibility to invest in growth and enhance its integrated payment solutions. The transaction, unanimously approved by independent board members, requires stockholder and regulatory approvals. Senior management will roll over significant equity stakes, demonstrating confidence in the company's future under new ownership.

AvidXchange Holdings (Nasdaq: AVDX), a provider of accounts payable automation software and payment solutions for middle market businesses, has scheduled its first quarter 2025 financial results announcement for Wednesday, May 7, 2025. The company will host a conference call and webcast at 10:00 AM ET on the same day to discuss the financial results for the quarter ended March 31, 2025. Investors can access the live webcast through the company's investor relations website, where a recorded replay will also be available after the call.

AvidXchange (AVDX) has unveiled new AI-powered features for its invoice automation solution, introducing three key enhancements: AI Approval Agent, AI PO Matching Agent, and improved Invoice Capture capabilities.

The AI Approval Agent analyzes historical patterns to assess invoice approval likelihood, while the PO Matching Agent automates line-item matching between purchase orders and invoices. Enhanced Invoice Capture features continuously learn from data patterns to deliver approval-ready invoices with reduced manual intervention.

According to AvidXchange's 2025 trends report surveying 500 mid-market finance leaders, 76% acknowledge AI's value in improving finance department efficiency. FirstService Residential, a customer, reported a 20% reduction in invoice discrepancy queue and increased accuracy in AP operations after implementing these features.

AvidXchange Holdings (Nasdaq: AVDX), a leading provider of accounts payable automation software and payment solutions for middle market businesses, has announced its participation in the upcoming Wolfe FinTech Forum 2025.

The company's management team will present at the forum on Wednesday, March 12, 2025, at 8:10 AM ET in New York, NY. Investors and interested parties can access a live webcast of the presentation through the Events page on AvidXchange's investor relations website. A replay will be available for a time following the presentation.

AvidXchange (AVDX) reported strong Q4 and full-year 2024 financial results, marking significant improvements in profitability and operational efficiency. The company achieved Q4 revenue of $115.4 million, up 10.9% year-over-year, with GAAP net income of $4.7 million compared to a loss in Q4 2023.

Key highlights include non-GAAP gross margin expansion to 73.6% from 69.4% in 2023, and adjusted EBITDA margins growth to 19.3% from 8.0%. The company processed 19.9 million transactions in Q4 2024, handling a total payment volume of $21.9 billion. Transaction yield increased 6.4% to $5.80.

AvidXchange maintained a strong balance sheet with $389.3 million in cash and marketable securities and only $9.1 million in long-term debt. The company completed a strategic $50 million share repurchase program and paid down high-interest bank debt, demonstrating disciplined capital allocation.

AvidXchange Holdings (Nasdaq: AVDX), a provider of accounts payable automation software and payment solutions for middle market businesses, has scheduled its fourth quarter 2024 financial results announcement for Wednesday, February 26, 2025. The company will host a conference call and webcast at 10:00 AM ET on the same day to discuss the results. Investors can access the live webcast through the company's investor relations website, where a recorded replay will also be available after the call.

AvidXchange Holdings (Nasdaq: AVDX), a leading provider of accounts payable automation software and payment solutions for middle market businesses, has announced its participation in four upcoming investor conferences. The schedule includes:

• KBW Fintech Conference in New York on November 14, 2024 (8:00 AM ET)
• FT Partners Fintech Conference in New York on November 20, 2024 (10:40 AM ET)
• UBS Global Technology and AI Conference in Scottsdale on December 3, 2024 (4:55 PM ET)
• Wells Fargo TMT Summit in Rancho Palos Verdes on December 4, 2024 (1:15 PM ET)

Live webcasts of select presentations will be available on the company's investor relations website with replays available for a time.