AvidXchange (US:AVDX) Globenewswireยท2025-08-07 00:00Core Insights - AvidXchange Holdings, Inc. reported financial results for Q2 2025, showing a total revenue of $110.6 million, a 5.2% increase year-over-year from $105.1 million in Q2 2024 [7] - The company has suspended its previously issued financial outlook for fiscal 2025 due to a pending acquisition by TPG in partnership with Corpay [4] Financial Performance - Total revenue for Q2 2025 was $110.6 million, up from $105.1 million in Q2 2024, with interest income contributing $10.6 million compared to $11.8 million in the prior year [7] - GAAP net loss was $(9.5) million, a decline from a GAAP net income of $0.4 million in Q2 2024 [7] - Non-GAAP net income remained stable at $10.7 million, consistent with Q2 2024 [7] - GAAP gross profit was $73.6 million, representing 66.6% of total revenue, compared to $68.7 million or 65.3% in Q2 2024 [7] - Non-GAAP gross profit was $81.6 million, or 73.8% of total revenue, compared to $76.3 million or 72.6% in Q2 2024 [7] - Adjusted EBITDA for Q2 2025 was $17.4 million, slightly down from $17.5 million in Q2 2024 [7] Transaction Metrics - Total transactions processed in Q2 2025 were 20.1 million, an increase of 1.8% from 19.7 million in Q2 2024 [7] - Total payment volume in Q2 2025 reached $21.5 billion, up 4.1% from $20.6 billion in Q2 2024 [7] - Transaction yield increased to $5.50, a 3.2% rise from $5.33 in Q2 2024 [7] Company Overview - AvidXchange is a leading provider of accounts payable automation software and payment solutions, serving over 8,500 businesses and facilitating payments to more than 1.35 million suppliers over the past five years [5]