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.
Revenue of AvidXchange Holdings, Inc. (AVDX)
Revenue in 2023 (TTM): $380.72 M
According to AvidXchange Holdings, Inc.'s latest financial reports the company's current revenue (TTM) is $380.72 M. The revenue is the total amount of income that a company generates by the sale of goods or services. Unlike with the earnings no expenses are subtracted.
Revenue history of AvidXchange Holdings, Inc.
Annual Revenue
| Year | Revenue | Gross Profit | Ebitda | Income Before Tax | Net Income |
|---|---|---|---|---|---|
| 2023 | $380.72 M | $259.41 M | $3.3 M | $-46,130,000 | $-47,325,000 |
| 2022 | $316.35 M | $198.49 M | $-47,372,000 | $-100,963,000 | $-101,284,000 |
| 2021 | $248.41 M | $148.32 M | $-153,463,000 | $-204,309,000 | $-199,649,000 |
| 2020 | $185.93 M | $102.17 M | $-53,418,277 | $-101,012,017 | $-101,246,423 |
| 2019 | $149.58 M | $78.45 M | $-53,887,715 | $-93,486,000 | $-93,546,000 |