AvidXchange (AVDX)
Transforming the way companies pay their bills.
Overview
IPO Stage
Robinhood
10/12/2021
IPO
Nasdaq
$23 - $25
Equity - Common
Series F
S-1
$4.8B
Goldman Sachs, J.P. Morgan
6
2000
Business Services, Software, & Applications
Fintech
B2B
High
Low
Income Statement
|
Revenue |
$185,927,639 |
|
Operating Expenses |
|
|
Research/Technology & Development |
$44,500,106 |
|
Sales & Marketing |
$47,909,960 |
|
General & Administrative |
$56,395,198 |
|
Total Operating Expenses |
$177,243,074 |
|
Operating Income |
$-75,069,929 |
|
Other Income, Net |
$-25,942,088 |
|
Income (Loss) Before Provision For (Benefit From) Income Taxes |
$101,012,017 |
|
Provision For (Benefit From) Income Taxes |
$234,406 |
| Net Income (Loss) |
$-101,246,423 |
|
Net Income (Loss) Attributable to Common Stockholders: |
|
|
Basic |
$-166,341,818.00 |
|
Diluted |
$0.00 |
|
Net Income (Loss) Per Share Attributable to Common Stockholders: |
|
|
Basic |
$-3.34 |
|
Diluted |
$-3.34 |
|
Weighted-Average Shares of Common Stock Used For Pro Forma: |
|
|
Basic |
49,738,252 |
|
Diluted |
49,738,252 |
Balance Sheet - Assets
|
Current Assets |
|
|
Cash and Cash Equivalents |
$252,458,059 |
|
Accounts Receivable |
$24,756,735 |
|
Total Current Assets |
$432,315,500 |
|
Property and Equipment, Net |
$86,872,230 |
|
Goodwill |
$105,695,875 |
|
Intangible Assets, Net |
$72,441,923 |
|
Restricted Cash |
$137,620,423 |
|
Other Assets |
$1,921,800 |
| Total Assets |
$726,510,254 |
Balance Sheet - Liabilities
|
Current Liabilities |
|
|
Accounts Payable |
$25,417,863 |
|
Accrued Expenses |
$40,471,851 |
|
Other Current Liabilities |
$0 |
|
Total Current Liabilities |
$213,057,656 |
| Total Liabilities |
$404,992,047 |
|
Commitments and Contingencies |
|
|
Convertible Preferred Stock |
$832,624,796 |
|
Stockholders' (deficit) Equity |
|
|
Common Stock |
$50,055 |
|
Additional Paid In Capital |
$161,115,961 |
|
Accumulated Other Comprehensive Income (Loss) |
$-672,272,605 |
| Total Stockholders' (Deficit) Equity |
$-511,106,589 |
Statements of Cash Flows
|
Cash Flows from Operating Activites |
|
|
Net Cash Provided By (Used In) Operating Activities |
$-44,129,341 |
|
Cash Flows from Investing Activites |
|
|
Net Cash Provided By (Used In) Investing Activities |
$-36,559,949 |
|
Cash Flows from Financing Activites |
|
|
Net Cash Provided By (Used In) Financing Activities |
$193,794,741 |
| Total Cash, Cash Equivalents, and Restricted Cash |
$113,105,451 |
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