AVDX
Income statement / Annual
Last year (2023), AvidXchange Holdings, Inc.'s total revenue was $380.72 M,
an increase of 20.35% from the previous year.
In 2023, AvidXchange Holdings, Inc.'s net income was -$47.33 M.
See AvidXchange Holdings, Inc.’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
| Operating Revenue |
$380.72 M
|
$316.35 M
|
$248.41 M
|
$185.93 M
|
$149.58 M
|
| Cost of Revenue |
$157.22 M |
$117.86 M |
$100.09 M |
$83.75 M |
$71.13 M |
| Gross Profit |
$223.50 M |
$198.49 M |
$148.32 M |
$102.17 M |
$78.45 M |
| Gross Profit Ratio |
0.59 |
0.63 |
0.6 |
0.55 |
0.52 |
| Research and Development
Expenses |
$97.56 M
|
$83.91 M
|
$65.15 M
|
$44.50 M
|
$33.59 M
|
| General & Administrative
Expenses |
$101.92 M
|
$91.38 M
|
$95.82 M
|
$56.40 M
|
$52.10 M
|
| Selling & Marketing
Expenses |
$77.52 M
|
$77.73 M
|
$63.94 M
|
$47.91 M
|
$39.58 M
|
| Selling, General &
Administrative Expenses |
$172.61 M
|
$169.12 M
|
$159.76 M
|
$104.31 M
|
$91.68 M
|
| Other Expenses |
$35.91 M |
$32.84 M |
$30.74 M |
$27.51 M |
$22.34 M |
| Operating Expenses |
$270.17 M |
$285.86 M |
$255.64 M |
$176.32 M |
$147.62 M |
| Cost And Expenses |
$427.39 M |
$403.73 M |
$355.73 M |
$260.07 M |
$218.75 M |
| Interest Income |
$20.89 M |
$7.16 M |
$661,000.00 |
$1.68 M |
$1.38 M |
| Interest Expense |
$13.52 M |
$20.75 M |
$20.11 M |
$20.08 M |
$17.26 M |
| Depreciation &
Amortization |
$35.91 M
|
$32.84 M
|
$30.74 M
|
$27.51 M
|
$22.34 M
|
| EBITDA |
-$10.76 M
|
-$47.37 M
|
-$125.92 M
|
-$44.96 M
|
-$45.44 M
|
| EBITDA Ratio |
-0.03 |
-0.15 |
-0.51 |
-0.24 |
-0.3 |
| Operating Income Ratio
|
-0.12
|
-0.28
|
-0.43
|
-0.4
|
-0.46
|
| Total Other
Income/Expenses Net |
$538,000.00
|
-$13.59 M
|
-$96.99 M
|
-$26.87 M
|
-$24.32 M
|
| Income Before Tax |
-$46.13 M |
-$100.96 M |
-$204.31 M |
-$101.01 M |
-$93.49 M |
| Income Before Tax Ratio
|
-0.12
|
-0.32
|
-0.82
|
-0.54
|
-0.62
|
| Income Tax Expense |
$1.20 M |
$321,000.00 |
-$4.66 M |
$234,406.00 |
$60,000.00 |
| Net Income |
-$47.33 M |
-$101.28 M |
-$199.65 M |
-$101.25 M |
-$93.55 M |
| Net Income Ratio |
-0.12 |
-0.32 |
-0.8 |
-0.54 |
-0.63 |
| EPS |
-0.23 |
-0.51 |
-1.01 |
-0.52 |
-0.48 |
| EPS Diluted |
-0.23 |
-0.51 |
-1.01 |
-0.52 |
-0.48 |
| Weighted Average Shares
Out |
$201.89 M
|
$198.05 M
|
$196.80 M
|
$196.21 M
|
$196.21 M
|
| Weighted Average Shares
Out Diluted |
$201.89 M
|
$198.05 M
|
$196.80 M
|
$196.21 M
|
$196.21 M
|
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