AvidXchange Holdings
Income Statement
Last updated:
Income statement is a financial statement that shows how profitable a business was over a given reporting period presenting its revenue, expenses or net income. AvidXchange Holdings's past years’ income statements indicate that its last revenue has increased compared to the previous period by 20% to $380,720,000. The net income raised on -$47,325,000 and profit margin reached -12%. Total operating expenses were $312,914,000.
Profit Margin
| 2019 | 149.58M | -93.54M | -62.54% |
|---|---|---|---|
| 2020 | 185.92M | -101.24M | -54.45% |
| 2021 | 248.40M | -199.64M | -80.37% |
| 2022 | 316.35M | -101.28M | -32.02% |
| 2023 | 380.72M | -47.32M | -12.43% |
AVDX Income Statement (2019 – 2023)
| 2023 | 2022 | 2021 | 2020 | 2019 | |
|---|---|---|---|---|---|
Revenue | |||||
Revenue | 380.72M | 316.35M | 248.40M | 185.92M | 149.58M |
Cost of revenue | 121.30M | 117.86M | 100.09M | 83.75M | 71.13M |
Gross profit | 259.41M | 198.48M | 148.31M | 102.17M | 78.45M |
Operating exp. | |||||
Research and development | 97.55M | 83.90M | 65.14M | 44.50M | 33.59M |
Selling and marketing | 77.52M | 77.73M | 63.93M | 47.90M | 39.58M |
Total operating expenses | 312.91M | 285.86M | 255.64M | 176.31M | 147.61M |
Operating income | -51.62M | -87.37M | -107.32M | -74.14M | -69.16M |
Other income (expenses), net | 5.49M | -13.58M | -96.98M | -26.86M | -24.32M |
Income before tax | -46.13M | -100.96M | -204.30M | -101.01M | -93.48M |
Income tax expense | 1.19M | 321K | -4.66M | 234.40K | 60K |
Net income | -47.32M | -101.28M | -199.64M | -101.24M | -93.54M |
Earnings per share | |||||
Basic EPS | -0.23 | -0.51 | -1.01 | -0.52 | -0.48 |
Diluted EPS | -0.23 | -0.51 | -1.01 | -0.52 | -0.48 |
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