AvidXchange Q4 2024 Earnings Report
Key Takeaways
AvidXchange reported a 10.9% increase in total revenue to $115.4 million, GAAP net income of $4.7 million, and non-GAAP net income of $17.3 million. The company's gross profit increased to $78.8 million, and adjusted EBITDA was $26.3 million. Key business metrics included 19.9 million total transactions processed and $21.9 billion in total payment volume.
Total revenue increased by 10.9% year-over-year to $115.4 million.
GAAP net income was $4.7 million, a significant improvement from the previous year's net loss of $(4.5) million.
Non-GAAP net income reached $17.3 million, compared to $9.4 million in the same quarter of the previous year.
Total payment volume increased by 10.0% year-over-year to $21.9 billion.
AvidXchange
AvidXchange
Forward Guidance
AvidXchange anticipates its Full Year 2025 revenue, adjusted EBITDA and Non-GAAP diluted earnings per share (EPS) to be in the following ranges Revenue $453.0 - $460.0 million, Adjusted EBITDA $86.0 - $91.0 million, Non-GAAP Diluted EPS $0.25 - $0.27. The current FY 2025 guidance anticipates interest revenue contribution of approximately $44.0 million compared to $49.7 million in 2024. The current FY 2025 guidance does not anticipate political revenues compared to approximately $6.6 million in 2024.