Avidxchange Holdings, Inc. ( (AVDX) ) has released its Q2 earnings. Here is a breakdown of the information Avidxchange Holdings, Inc. presented to its investors.
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AvidXchange Holdings, Inc. is a prominent provider of accounts payable automation software and payment solutions, primarily serving middle market businesses and their suppliers. The company operates in the financial technology sector, offering a software-as-a-service platform that streamlines AP workflows for over 8,500 businesses.
In its second-quarter 2025 financial report, AvidXchange reported a total revenue of $110.6 million, marking a 5.2% increase compared to the same period in 2024. Despite the revenue growth, the company experienced a GAAP net loss of $9.5 million, contrasting with a net income of $0.4 million in the previous year. The report highlights the company’s ongoing strategic initiatives, including a proposed merger plan announced earlier in May 2025.
Key financial metrics from the quarter include a GAAP gross profit of $73.6 million, representing 66.6% of total revenue, and a non-GAAP net income of $10.7 million, consistent with the previous year. The company processed 20.1 million transactions, a 1.8% increase year-over-year, with a total payment volume of $21.5 billion. Additionally, the transaction yield rose by 3.2% to $5.50.
Looking ahead, AvidXchange has suspended its financial outlook for fiscal 2025 due to its pending acquisition by TPG in partnership with Corpay. The company remains focused on its strategic growth initiatives and continues to transform the way businesses manage their accounts payable processes.