UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________________ to ________________. Commission File Number: 001-40898 AvidXchange Holdings, Inc. (Exact name of registrant as specified in its charter) Delaw ...

Exhibit 99.1 AvidXchange Announces Second-Quarter 2025 Financial Results Charlotte, N.C. – August 6, 2025 – AvidXchange Holdings, Inc. (Nasdaq: AVDX), a leading provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, today announced financial results for the second quarter ended June 30, 2025. Second Quarter 2025 Financial Highlights: A reconciliation of GAAP to non-GAAP financial measures has been provided in the tables following the fin ...

CHARLOTTE, N.C., July 17, 2025 (GLOBE NEWSWIRE) -- AvidXchange, Inc. a leading provider in accounts payable (AP) automation software and payment solutions for mid-market businesses and their suppliers, today announced the results of its 2025 Economic Sentiment Survey, conducted via Pollfish. The survey of 709 finance professionals reveals a key shift: 67% feel more prepared to handle today’s economic uncertainty than they did in 2020, crediting increased technology investment and hard-earned experience. Man ...

MONSEY, N.Y., July 17, 2025 (GLOBE NEWSWIRE) -- Wohl & Fruchter LLP announces that on July 11, 2025, it filed a class action lawsuit in the United States District Court for the Southern District of New York, captioned Zappia v. AvidXchange Holdings, Inc., et al., Case No. 1:25-cv-5727-ER, on behalf of a class (“Class”) of individuals and entities holding the common stock of AvidXchange Holdings, Inc. (NASDAQ: AVDX) (“Avid”) as of the close of business on July 11, 2025 (“Class Period”), asserting claims unde ...

Core Viewpoint - Wohl & Fruchter LLP is investigating the fairness of the proposed sale of AvidXchange Holdings, Inc. to TPG Global LLC and Corpay, Inc. for $10.00 per share in cash, focusing on potential conflicts of interest and whether the Avid Board acted in the best interests of shareholders [1][4][6]. Group 1: Sale Details - AvidXchange announced on May 6, 2025, that it agreed to be sold to TPG and Corpay for $10.00 per share in cash [4]. - Avid filed a preliminary proxy statement with the SEC on June 17, 2025, soliciting stockholders to vote for the proposed sale at a special meeting yet to be scheduled [2][5]. Group 2: Investigation Focus - The investigation by Wohl & Fruchter LLP centers on whether the Avid Board of Directors acted in the best interests of shareholders and if the agreed price is fair [6]. - Concerns have been raised regarding the lack of disclosure of material facts related to potential conflicts of interest in the proxy statement [2][5]. Group 3: Management's Role - Certain members of Avid's senior management, including CEO Michael Praeger, have agreed to roll over a significant portion of their equity in support of the deal, which is not being offered to public stockholders [4].

Investor Presentation November 2024 Disclaimer This presentation may contain "forward-looking statements" within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. In this context, forward-looking statements generally relate to future events or our future financial or operating performance and often contain words such as: "anticipate," "intend," "plan," "goal," "seek," "believe," "outlook," "project," "estimate," "expect," "future," "likely," "may," "should," "continue," "will" and si ...

Core Viewpoint - AvidXchange Holdings, Inc. is under investigation for potential breaches of fiduciary duty by its Board of Directors in relation to its sale to TPG, which values the company at $2.2 billion with a cash offer of $10.00 per share [1][2]. Group 1 - The investigation focuses on whether the AvidXchange Board failed to conduct a fair process and whether the sale price reflects fair value for shareholders [2]. - TPG's acquisition of AvidXchange involves purchasing all outstanding shares of the company's common stock [1].

Group 1 - AvidXchange Holdings, Inc. (AVDX) closed at $9.78, with no change from the previous day, outperforming the S&P 500's daily loss of 0.53% [1] - Over the past month, AvidXchange shares gained 0.41%, lagging behind the Computer and Technology sector's gain of 8.67% and the S&P 500's gain of 5.17% [1] Group 2 - Analysts expect AvidXchange to post earnings of $0.06 per share in the forthcoming earnings report, indicating a year-over-year growth of 20% [2] - The consensus estimate for revenue is $111.03 million, reflecting a 5.61% increase from the same quarter last year [2] Group 3 - Full-year Zacks Consensus Estimates project earnings of $0.26 per share and revenue of $454.18 million, representing year-over-year changes of 0% and +3.47%, respectively [3] Group 4 - Recent changes to analyst estimates for AvidXchange indicate a favorable outlook on the company's business health and profitability [4] Group 5 - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), shows AvidXchange currently has a Zacks Rank of 2 (Buy) [6] - The consensus EPS projection has increased by 60.71% in the past 30 days [6] Group 6 - AvidXchange has a Forward P/E ratio of 37.62, which is a premium compared to the industry's average Forward P/E of 29.65 [7] - The Internet - Software industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 55, placing it in the top 23% of over 250 industries [7]

Core Viewpoint - Kaskela Law LLC is investigating the fairness of the proposed buyout of AvidXchange Holdings, Inc. at a price of $10.00 per share, as concerns arise regarding whether shareholders are receiving adequate compensation for their shares [1][2][3]. Group 1: Buyout Details - On May 6, 2025, AvidXchange announced an agreement to be acquired by an investment group led by TPG for $10.00 per share in cash [2]. - Following the transaction's closure, AvidXchange's shares will no longer be publicly traded, effectively cashing out shareholders [2]. Group 2: Investigation Focus - The investigation aims to assess if AvidXchange's investors are receiving sufficient monetary consideration and whether the company's officers or directors breached fiduciary duties or violated securities laws in agreeing to the buyout price [3]. - At the time of the announcement, at least two stock analysts had set a price target of $15.00 per share for AvidXchange, raising questions about the fairness of the buyout price [3].

Core Insights - The survey highlights the increasing financial operational challenges faced by media and advertising agencies, particularly in cash flow management and the growing reliance on AI-driven solutions to enhance financial health [2][3][5]. Group 1: Key Drivers of Financial Health - Revenue growth (92%), data protection (91%), and fraud prevention (88%) are identified as critical factors for financial stability among agencies [3]. - Other important contributors include cash flow management, improved invoicing, talent management, and operational efficiency, reflecting the need to protect profitability in a complex financial environment [3]. Group 2: Adapting to Economic Uncertainty - Economic uncertainty has led to 35% of agencies losing clients to in-house advertising, marking a 20% increase from the previous year [4]. - Rising turnover rates, which have increased by 32% from 2024, are further straining agency teams that are already operating under tight budgets [4]. Group 3: Cash Flow Management Challenges - Despite 85% of respondents considering cash flow critical to financial health, many agencies face difficulties in managing it [5]. - In 2024, 54% of agencies reported extended payment terms from clients, and 36% anticipate ongoing cash flow disruptions, complicating expense and growth management [5]. Group 4: Role of AI and Automation - A significant 71% of agencies are currently utilizing AI in their financial operations, with 97% open to adopting new automation tools [6]. - Among those using AI, 80% have automated substantial portions of their finance functions, particularly payment processes, addressing the time-consuming issue of invoice reconciliation, which occupies 30-40% of finance leaders' time [6]. Group 5: Company Overview - AvidXchange is a leading provider of accounts payable automation, offering AI-enhanced software and payment solutions tailored for mid-market businesses and their suppliers [9]. - The company has 25 years of industry experience and has processed payments for over 1.3 million suppliers through its proprietary payment network in the last five years [9].