AVDX
AvidXchange Holdings, Inc.10.00
+0.00+0%
Oct 14, 4:00:01 PM EDT
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
2.08BP/E (TTM)
-Basic EPS (TTM)
-0.04Dividend Yield
0%Recent Filings
8-K
Stockholders approve AvidXchange merger
AvidXchange stockholders overwhelmingly approved the merger with affiliates of TPG Global and Corpay on September 16, 2025, with 160.9 million votes in favor against just 811,814 opposed, paving the way for the company to become a wholly owned subsidiary under the May 6 agreement. The advisory vote on executive compensation also passed handily. Deal closure awaits regulatory nods. Strong support signals investor confidence in the strategic shift.
8-K
Q2 revenue grows amid merger costs
AvidXchange reported Q2 2025 revenue of $110.6 million, up 5.2% from $105.1 million last year, driven by 20.1 million transactions and $21.5 billion in payment volume. Yet GAAP net loss hit $9.5 million, versus $0.4 million income, due to $6.4 million in merger costs from the pending TPG-Corpay acquisition announced May 6. Adjusted EBITDA held steady at $17.4 million. No 2025 guidance amid the deal.
10-Q
Q2 FY2025 results
AvidXchange's Q2 revenue climbed 5.2% year-over-year to $110.6M, fueled by 10% software growth from higher transaction volumes and 3% payment gains despite softer interest on buyer funds, while total payment volume rose 4.1% to $21.5B. Operating loss widened to $12.4M from $2.1M, pressured by $6.5M in merger-related costs that bloated G&A expenses, yet gross margins held steady at 72.0%. Operating cash flow for the half-year hit $30.6M, up sharply from $18.9M, with free cash flow at $20.3M after $10.3M capex (derived); cash stood at $335.8M alongside $150M revolver availability, against $9.1M in low-rate debt. The pending merger with TPG and Corpay cleared HSR and EU hurdles but awaits stockholder nod and money transfer approvals. Merger distractions mount.
8-K
Annual meeting results approved
AvidXchange Holdings held its 2025 annual meeting on June 26, with 82.31% quorum. Stockholders elected Oni Chukwu, Lance Drummond, and James Hausman as Class I directors until 2028, despite Hausman drawing significant withheld votes. They ratified PricewaterhouseCoopers as auditors for fiscal 2025 and approved executive compensation on an advisory basis. Board continuity holds firm.
10-Q
Q1 FY2025 results
AvidXchange's Q1 revenue climbed 2.2% year-over-year to $107.9M, fueled by a 4.2% rise in software revenue from higher transaction volumes, while payment revenue edged up 1.0% despite softer interest on buyer funds. Gross margin held steady at 71.5%, but operating loss widened to $8.4M from $4.1M last year, driven by $2.1M in merger-related costs and elevated stock-based compensation; net loss grew to $7.3M or $0.04 per diluted share on 205M shares, with the gap from operating loss mainly due to interest and taxes. Operating cash flow flipped positive at $7.4M, yielding free cash flow of $2.9M after $4.5M capex (derived), backed by $307.3M cash and a $150M undrawn revolver maturing 2029. On May 6, 2025, the company inked a merger deal with TPG and Corpay affiliates for $10.00 per share, expected to close Q4 2025 pending approvals. Yet regulatory hurdles in money transmitter licensing loom large.
IPO
Website
Employees
Sector
Industry
AFRM
Affirm Holdings, Inc.
73.39+7.73
APCX
AppTech Payments Corp.
0.41+0.02
ATCH
AtlasClear Holdings, Inc.
0.29-0.01
AVPT
AvePoint, Inc.
13.71+0.31
BILL
BILL Holdings, Inc.
54.21+0.04
PAY
Paymentus Holdings, Inc.
30.76+0.52
PAYO
Payoneer Global Inc.
5.89+0.07
PAYX
Paychex, Inc.
115.22-0.16
PRTH
Priority Technology Holdings, I
5.52-0.02
WEX
WEX Inc.
152.55+1.50