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AVDX| Name | Value |
|---|---|
| Revenues | 82.4M |
| Cost of Revenue | 29.9M |
| Gross Profit | 52.5M |
| Operating Expense | 74.6M |
| Operating I/L | -22.1M |
| Other Income/Expense | -3.2M |
| Interest Income | 2.0M |
| Pretax | -25.3M |
| Income Tax Expense | 0.1M |
| Net Income/Loss | -25.4M |
AvidXchange Holdings, Inc. provides accounts payable (AP) automation software and payment solutions for middle market businesses in North America. Their SaaS-based AP automation software digitizes invoice capture, review, approval, and payment processes. The AvidPay network facilitates two-sided payments between buyers and suppliers, while the cash flow manager offers cash management solutions. The company generates revenue through direct salesforces, strategic channel partnerships, and software and technology business partners. AvidXchange serves various sectors including real estate, construction, healthcare, and education.
