Financial Performance - Q1 2025 total revenue was $107.9 million, an increase of 2.2% year-over-year compared to $105.6 million in Q1 2024[6] - GAAP net loss for Q1 2025 was $(7.3) million, compared to a net loss of $(1.0) million in Q1 2024[6] - Non-GAAP net income for Q1 2025 was $10.4 million, down from $11.3 million in Q1 2024[6] - Adjusted EBITDA for Q1 2025 was $17.5 million, slightly down from $17.7 million in Q1 2024[6] - Total revenues for the three months ended March 31, 2025, were $107,942 thousand, an increase from $105,598 thousand in the same period of 2024, representing a growth of 2.2%[26] - The net loss for the three months ended March 31, 2025, was $7,311 thousand, compared to a net loss of $1,009 thousand for the same period in 2024, indicating a significant increase in losses[28] - Non-GAAP net income for the three months ended March 31, 2025, was $10,415 thousand, slightly down from $11,262 thousand in the same period of 2024[28] - Adjusted EBITDA for the three months ended March 31, 2025, was $17,517 thousand, compared to $17,665 thousand for the same period in 2024, showing a minor decrease[30] Transaction and Payment Volume - Total transactions processed in Q1 2025 were 19.7 million, a 1.9% increase from 19.3 million in Q1 2024[6] - Total payment volume in Q1 2025 was $20.6 billion, an increase of 3.7% from $19.9 billion in Q1 2024[6] Profitability Metrics - GAAP gross profit was $71.0 million, or 65.8% of total revenue, compared to $69.2 million, or 65.5% in Q1 2024[6] - Non-GAAP gross profit was $79.1 million, or 73.3% of total revenue, compared to $76.5 million, or 72.4% in Q1 2024[6] - GAAP gross margin for the three months ended March 31, 2025, was 65.8%, slightly up from 65.5% in the same period of 2024[26] Balance Sheet and Cash Flow - The company has a strong balance sheet with cash and marketable securities totaling $389.3 million[6] - Cash and cash equivalents, along with restricted funds held for customers, decreased to $1,456,833 thousand as of March 31, 2025, from $1,605,983 thousand at the beginning of the year[24] - Total current assets as of March 31, 2025, were $1,625,841 thousand, down from $1,720,714 thousand as of December 31, 2024, reflecting a decline of 5.5%[22] - Total liabilities decreased to $1,312,645 thousand as of March 31, 2025, from $1,417,878 thousand as of December 31, 2024, a reduction of approximately 7.4%[22] - Cash used in financing activities for the three months ended March 31, 2025, was $101,020 thousand, compared to $355,612 thousand in the same period of 2024, indicating a significant reduction in cash outflow[24] Stock-Based Compensation - The company reported stock-based compensation expense of $14,486 thousand for the three months ended March 31, 2025, compared to $10,959 thousand in the same period of 2024, an increase of 32.5%[28] Outlook - AvidXchange is suspending its previously issued financial outlook for fiscal 2025 due to a pending acquisition by TPG in partnership with Corpay[7]

Q1'25 revenue growth of 2.2% impacted by a combination of lower transaction volume due to macro weakness and higher comparable float and political contributions in Q1'24Q1'25 versus Q1'24 GAAP gross margin expansion continues on lower unit cost and despite lower year over year transaction volume growthQ1'25 versus Q1'24 net cash provided by operating activities swings to $7.4 million from a use of ($6.4) million in the year ago periodThe Company sustains strong balance sheet with cash and marketable securit ...

Core Viewpoint - AvidXchange Holdings, Inc. is set to be acquired by TPG and Corpay for $10.00 per share, valuing the company at $2.2 billion, which represents a significant premium over its recent stock prices [1][2]. Acquisition Details - The acquisition price of $10.00 per share reflects a 22% premium over AvidXchange's closing price of $8.20 on May 6, 2025, a 16% premium over the 90-day volume weighted average price, and a 45% premium over the closing price of $6.89 on March 12, 2025 [2]. - Upon completion, AvidXchange will transition to a private company, allowing for greater flexibility in investing in growth and enhancing integrated payment solutions [2]. Company Background - AvidXchange is a leading provider of accounts payable automation software and payment solutions, serving over 8,500 middle market businesses and facilitating payments to more than 1,350,000 suppliers in the past five years [9]. - The company has established itself as a leader in AP automation and payment software, with a differentiated platform aimed at growth [3]. Strategic Insights - TPG and Corpay view AvidXchange as a leader in AP automation, with significant opportunities to enhance its solutions and improve efficiency in payment processes [3]. - The partnership aims to leverage TPG's technology expertise and Corpay's corporate payments capabilities to accelerate AvidXchange's growth [3]. Transaction Approval and Timeline - The transaction has been unanimously approved by AvidXchange's Board of Directors, and certain senior management members will rollover a significant portion of their equity [4]. - The deal is subject to customary closing conditions, including stockholder approval and regulatory approvals, and is expected to close in the fourth quarter of 2025 [5]. Financial Advisory - Financial Technology Partners and Barclays are acting as financial advisors to AvidXchange, while TPG is advised by J.P. Morgan Securities LLC, Moelis & Company, and RBC Capital Markets [7][8].

The upcoming report from AvidXchange Holdings, Inc. (AVDX) is expected to reveal quarterly earnings of $0.06 per share, indicating no change from the year-ago quarter compared to the year-ago period. Analysts forecast revenues of $109.74 million, representing an increase of 3.9% year over year.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.Ahead of a ...

CHARLOTTE, N.C., April 08, 2025 (GLOBE NEWSWIRE) -- 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 that its first quarter 2025 ended March 31, 2025, financial results will be released on Wednesday, May 7, 2025. AvidXchange plans to host a conference call at 10:00 AM ET on May 7, 2025, to discuss the company's financial results. The call will be broadcast live via ...

CHARLOTTE, N.C., April 02, 2025 (GLOBE NEWSWIRE) -- AvidXchange Inc. (NASDAQ:AVDX), a leading provider in accounts payable (AP) automation, offering intelligent AP software and payment solutions specifically designed for mid-market businesses and their suppliers, today announced the launch of several new AI agents and enhancements within its invoice automation solution. These advancements reinforce AvidXchange's ongoing commitment to delivering solutions that improve efficiency, visibility, and control for ...

AvidXchange Holdings, Inc. (AVDX) ended the recent trading session at $8.48, demonstrating a +0.24% swing from the preceding day's closing price. This move outpaced the S&P 500's daily gain of 0.08%. On the other hand, the Dow registered a gain of 0.08%, and the technology-centric Nasdaq increased by 0.52%.The company's shares have seen a decrease of 10.85% over the last month, surpassing the Computer and Technology sector's loss of 12.04% and falling behind the S&P 500's loss of 7.33%.Investors will be eag ...

Company Performance - AvidXchange Holdings, Inc. closed at $8.46, reflecting a +0.48% change from the previous session, outperforming the S&P 500 which lost 0.22% [1] - The company's shares experienced a loss of 13.82% over the past month, underperforming the Computer and Technology sector's loss of 12% and the S&P 500's loss of 7.48% [1] Upcoming Earnings - The company is expected to report an EPS of $0.06, indicating no change from the same quarter last year, with a forecasted quarterly revenue of $109.74 million, up 3.92% year-over-year [2] - For the annual period, earnings are anticipated to be $0.28 per share and revenue at $457.33 million, representing increases of +7.69% and +4.19% respectively from the previous year [3] Analyst Estimates - Recent changes to analyst estimates for AvidXchange Holdings, Inc. are crucial for investors as they reflect the evolving business trends [4] - Positive revisions in estimates indicate analysts' confidence in the company's performance and profit potential [4] Zacks Rank and Valuation - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), shows AvidXchange Holdings, Inc. currently holds a Zacks Rank of 3 (Hold) [6] - The Forward P/E ratio for AvidXchange Holdings, Inc. is 30.07, which is higher than the industry average of 27.92, indicating the company is trading at a premium [7] - The Internet - Software industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 84, placing it in the top 34% of over 250 industries [7]

CHARLOTTE, N.C., March 06, 2025 (GLOBE NEWSWIRE) -- 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 that members of the management team will participate in the Wolfe FinTech Forum 2025 in New York, NY on Wednesday, March 12, 2025 at 8:10 AM ET. A live webcast of the presentation will be available on the Events page of the AvidXchange investor relations website at ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2024 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) ( State o ...