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AvidXchange revenue
AvidXchange's revenue is $438.9 million.
What is AvidXchange's revenue?
- AvidXchange's revenue growth from 2020 to 2024 is 136.08%.
- AvidXchange has 132 employees, and the revenue per employee ratio is $3,325,303.
- AvidXchange's peak quarterly revenue was $115.4M in 2024(q4).
- AvidXchange peak revenue was $438.9M in 2024.
- AvidXchange annual revenue for 2023 was 380.7M, 20.35% growth from 2022.
- AvidXchange annual revenue for 2024 was 438.9M, 15.29% growth from 2023.
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AvidXchange historical revenue
AvidXchange's peak revenue was $438.9M in 2024. The peak quarterly revenue was $115.4M in 2024(q4).
AvidXchange's revenue increased from $185.9m in 2020 to $438.9M currently. That's a 136.08% change in annual revenue.
AvidXchange annual revenue
AvidXchange annual revenue over time
| Fiscal year / year | AvidXchange revenue |
|---|---|
| 2020 | $185.9M |
| 2021 | $248.4M |
| 2022 | $316.4M |
| 2023 | $380.7M |
| 2024 | $438.9M |
How accurately did AvidXchange's revenue projections match actual performance?
AvidXchange annual growth
AvidXchange saw the greatest revenue growth in 2021, when revenue increased by 33.6%.
AvidXchange had the lowest revenue growth in 2022, when revenue changed by 27.35%.
AvidXchange annual growth rate over time
| Year | AvidXchange growth |
|---|---|
| 2021 | 34%↑ |
| 2022 | 27%↑ |
| 2023 | 20%↑ |
| 2024 | 15%↑ |
AvidXchange quarterly revenue over time
- Q1
- Q2
- Q3
- Q4
AvidXchange quarterly growth rate over time
| Year | Q1 | Q2 | Q3 | Q4 |
|---|---|---|---|---|
| 2021 | - | - | $65.2M | $69.3M |
| 2022 | $71.2M | $76.6M | $82.4M | $86.2M |
| 2023 | $86.8M | $91.2M | $98.7M | $104.1M |
| 2024 | $105.6M | $105.1M | $112.8M | $115.4M |
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Is AvidXchange transparent about its revenue structure?
AvidXchange financial information
| CEO | Michael Praeger |
| Industry | Software & Services |
| Company Type | Public |
| Employees Number | 132 |
| Date Founded | 2000 |
| Headquarters | Charlotte, North Carolina |
| Number of Locations | 6 |
| Revenue | $438.9M |
| Net Income | -$101,284,000 |
| Gross Proft | $317.2M (2024) |
| EBITDA | $33.7M (2024) |
| Tax Rate | 0.1% |
| Total Assets | $2,211,996,000 |
| Ticker | AVDX |
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AvidXchange financing
AvidXchange received early financing of $2.0M on 2002-08-08.
| Series | Round size | Date |
|---|---|---|
| Series B | $2M | 08/2002 |
| Convertible Note | $250K | 07/2006 |
| Series Unknown | $10M | 05/2014 |
| Series Unknown | $225M | 09/2015 |
| Series E | $18M | 11/2016 |
| Private Equity | $300M | 06/2017 |
| Series F | $260M | 01/2020 |
| Series F | $128M | 04/2020 |
| Series Unknown | $118.9M | 08/2020 |
| Series Unknown | $66M | 09/2020 |
AvidXchange investors
| Investors | Security type |
|---|---|
| CT COMMUNICATIONS INC | Series B |
| Charlotte Angel Partners | Series B |
| Bain Capital Ventures | Series Unknown |
| Sixth Street | Series Unknown |
| KEYCORP NEW | Series Unknown |
| Ron Suber | Series Unknown |
| Square 1 Bank | Series Unknown |
| SV Health Investors LLC | Series Unknown |
| Foundry Group | Series Unknown |
| Nyca Partners | Series Unknown |
| Fifth Third Capital | Series E |
| Pivot Investment Partners | Series E |
| Caisse de dépôt et placement du Québec CDPQ | Private Equity |
| Mastercard Incorporated | Private Equity |
| Temasek | Private Equity |
| Founders Fund | Private Equity |
| Sixth Street | Series F |
| Neuberger Berman | Series F |
| Sixth Street | Series F |
| Pivot Investment Partners | Series F |
| SCHONFELD STRATEGIC ADVISORS | Series F |
| Mastercard Incorporated | Series F |
| Lone Pine Capital | Series F |
| Alpha Square Group | Series F |
| Sapphire Ventures | Series Unknown |
AvidXchange competitors
AvidXchange's top competitor, Dealertrack, earned an annual revenue of $854.4M.
AvidXchange's smallest competitor is Ecova with revenue of $1.5B last year.
| Company name | Average salary | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Enfusion | $80,521 | $201.6M | 444 | - |
| Esker | $72,297 | $29.8M | 764 | 1 |
| Basware | $99,584 | $165.4M | 1,347 | 5 |
| Corcentric | $89,538 | $120.0M | 350 | 12 |
| Official Payments | $54,309 | $4.7M | 107 | - |
| Informatix | $57,592 | $37.2M | 166 | - |
| Dealertrack | $60,940 | $854.4M | 830 | - |
| Westinghouse Digital Electronics | $78,313 | - | 30 | - |
| Ecova | $51,629 | $1.5B | 3,000 | - |
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Zippia gives an in-depth look into the details of AvidXchange, including salaries, political affiliations, employee data, and more, in order to inform job seekers about AvidXchange. The employee data is based on information from people who have self-reported their past or current employments at AvidXchange. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by AvidXchange. The data presented on this page does not represent the view of AvidXchange and its employees or that of Zippia.
AvidXchange may also be known as or be related to AVIDXCHANGE INC., AvidXchange, AvidXchange Inc, AvidXchange, Inc. and Avidxchange, Inc.