AvidXchange
(AVDX)Transforming the way companies pay their bills.
Overview
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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