AvidXchange Holdings, Inc.(AVDX) Stock Research - Grey Stern Research

AvidXchange Holdings, Inc. (AVDX) Stock Analysis

$12.43 (-1.97%)

AVDX Financial Performance


Use the table below to view AvidXchange Holdings, Inc.'s financial profile. This data is gathers from the latest available financial statements. Annual data is taken from the trailing 12 months of statements. All numbers are reported in US Dollars and so any foreign currencies are converted to USD so comparison's can be done.

Based on Financial Statements from Q1 - 2024

Metric Value Ranking among Peers
Price $12.43 -
52 Week Low $6.88 -
52 Week High $13.56 -
Market Cap $2.6 Billion 2/14
Gross Margin 62% 9/14
Profit Margin -1% 6/14
EBITDA margin 5% 9/14
Q1 - 2024 Revenue $105.6 Million 7/14
Q1 - 2024 Earnings -$1.0 Million 6/14
Q1 - 2024 Free Cash Flow -$10.9 Million 10/14
Trailing 4 Quarters Revenue $399.5 Million 7/14
Trailing 4 Quarters Earnings -$32.3 Million 9/14
Quarterly Earnings Growth 94% 2/14
Annual Earnings Growth 64% 4/14
Quarterly Revenue Growth 22% 4/14
Annual Revenue Growth 16% 5/14
Cash On Hand $343.7 Million 3/14
Short Term Debt $8.4 Million 7/14
Long Term Debt $69.4 Million 8/14

AvidXchange Holdings, Inc. Financial Metrics


Financial metrics are a set of useful numbers that can give key performance indicators of a company. The various metrics can include information about profitability, growth, and debt load. When combined and use properly they can tell an analyst a compelling fact-based story of how the company is currently performing. To compare AvidXchange Holdings, Inc.'s metrics versus it's peers make sure to run our peer analysis tool.

Valuation Metrics

Metric Value Ranking among Peers
PE -1.00 7/14
PS 6.43 3/14
PB 3.84 6/14
PC 7.47 9/14
Liabilities to Equity 2.16 3/14
ROA -0.02 8/14
ROE -0.05 7/14
Current Ratio 1.46 11/14
Quick Ratio 0.31 7/14
Long Term Debt to Equity 0.10 7/14
Debt to Equity 0.21 6/14
Burn Rate 58.47 3/14
Cash to Cap 0.13 5/14
CCR 10.82 1/14
EV to EBITDA 441.73 1/14
EV to Revenue 5.93 3/14

Company Details

AvidXchange Holdings, Inc. provides accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers in North America. The company offers AP automation software, a SaaS-based solution that automates and digitizes capture, review, approval, and payment of invoices for buyers; the AvidPay network that connects two-sided payments with buyers and suppliers; and cash flow manager that provides cash management solutions. Its platform offers electronic invoice capture, workflow routing, and automated payments solutions. The company markets its solutions through direct salesforces; strategic channel partnerships; and software and technology business partners. It serves real estate, homeowners associations, construction, financial services, healthcare facilities, social services, education, and media sectors. The company was incorporated in 2000 and is headquartered in Charlotte, North Carolina.

CEO:

Website: https://www.avidxchange.com

Address: 1210 AvidXchange Lane Charlotte, NC

Exchange: NASDAQ Global Select

Industry: Software—Infrastructure

AvidXchange Holdings, Inc. Peer Analysis


A useful and more reliable way of seeing the health of a company is to compare it to other companies operating in the same sector. Below is our list of companies which we rank are the closest peers to AvidXchange Holdings, Inc.. If you feel that peers should be added or removed from this list please contact us. To run an in-depth peer analysis which compares many financial metrics click on the link below.

Stock Ticker Market Cap
NetScout Systems, Inc. NTCT $1.4 Billion
SecureWorks Corp. SCWX $638.3 Million
CSG Systems International, Inc. CSGS $1.4 Billion
EVERTEC, Inc. EVTC $2.2 Billion
Radware Ltd. RDWR $775.1 Million
i3 Verticals, Inc. IIIV $585.3 Million
Couchbase, Inc. BASE $998.1 Million
Flywire Corporation FLYW $2.3 Billion
EverCommerce Inc. EVCM $2.2 Billion
ForgeRock, Inc. FORG $2.0 Billion
Sterling Check Corp. STER $1.5 Billion
EngageSmart, Inc. ESMT $3.9 Billion
Consensus Cloud Solutions, Inc. CCSI $433.6 Million
Run Peer Analysis
Income Statement
Balance Sheet
Cash Flow Statement
AVDX Income Statements
Quarter Year Revenue Earnings
Q1 2024 $ 105.6 Million -$1.0 Million
Q4 2023 $ 104.1 Million -$4.5 Million
Q3 2023 $ 98.7 Million -$8.1 Million
Q2 2023 $ 91.2 Million -$18.8 Million
Q1 2023 $ 86.8 Million -$16.0 Million
Q4 2022 $ 86.2 Million -$25.0 Million
Q3 2022 $ 82.4 Million -$25.4 Million
Q2 2022 $ 76.6 Million -$25.7 Million

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AVDX Balance Sheets
Quarter Year Cash & Equivalents Total Assets Total Debt Total Equity
Q1 2024 $343.7 Million $2.1 Billion $143.3 Million $669.6 Million
Q4 2023 $407.0 Million $2.5 Billion $143.7 Million $656.4 Million
Q3 2023 $339.9 Million $2.1 Billion $149.2 Million $648.4 Million
Q2 2023 $337.3 Million $2.1 Billion $149.9 Million $644.5 Million
Q1 2023 $368.2 Million $2.0 Billion $150.5 Million $650.8 Million
Q4 2022 $350.6 Million $2.2 Billion $150.8 Million $657.4 Million
Q3 2022 $411.1 Million $1.9 Billion $196.8 Million $672.3 Million
Q2 2022 $363.3 Million $2.0 Billion $196.7 Million $688.6 Million

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AVDX Cash Flow Statements
Quarter Year freeCashFlow capitalExpenditure netChangeInCash
Q1 2024 -$10.9 Million -$4.6 Million -$63.3 Million
Q4 2023 $14.8 Million -$5.4 Million $67.0 Million
Q3 2023 $1.0 Million -$4.6 Million $39.1 Million
Q2 2023 $4.9 Million -$4.1 Million $107.7 Million
Q1 2023 -$29.8 Million -$4.2 Million -$215.0 Million
Q4 2022 -$3.6 Million -$4.8 Million $295.6 Million
Q3 2022 -$3.6 Million -$4.5 Million -$48.4 Million
Q2 2022 -$11.0 Million -$5.5 Million $160.3 Million

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