CHARLOTTE, N.C., May 20, 2025 (GLOBE NEWSWIRE) -- AvidXchange Inc. (NASDAQ:AVDX) a leading provider in accounts payable (AP) automation software and payment solutions for mid-market businesses and their suppliers, today announced findings from its 2025 Media Agency Health Survey. The survey polled financial leaders at U.S. media and advertising agencies, revealing rising concerns about cash flow management and growing demand for AI-driven solutions to strengthen their financial health. Key Drivers of Financial HealthAgencies cited revenue growth (92%), data protection (91%), and fraud prevention (88%) as vital to financial stability. Cash flow, improved invoicing, talent management, and

Q1'25 revenue growth of 2.2% impacted by a combination of lower transaction volume due to macro weakness and higher comparable float and political contributions in Q1'24Q1'25 versus Q1'24 GAAP gross margin expansion continues on lower unit cost and despite lower year over year transaction volume growthQ1'25 versus Q1'24 net cash provided by operating activities swings to $7.4 million from a use of ($6.4) million in the year ago periodThe Company sustains strong balance sheet with cash and marketable securities of $389.3 million CHARLOTTE, N.C., May 07, 2025 (GLOBE NEWSWIRE) -- AvidXchange Holdings, Inc. (NASDAQ:AVDX), a leading provider of accounts payable (AP) automatio

Makes $500 million minority investment in take-private transaction with option to acquire 100% Corpay, Inc. (NYSE:CPAY), a leading corporate payments company, today announced that it has signed a definitive agreement to make a minority investment in AvidXchange Holdings, Inc (NASDAQ:AVDX) ("AvidXchange") as part of a transaction to take AvidXchange private alongside TPG for $10.00 per share in a cash transaction that values AvidXchange at $2.2 billion. Under the agreement, Corpay will invest approximately $500 million for a 33% equity stake in the company. The transaction is expected to close in the fourth quarter of 2025, subject to shareholder and regulatory approval and standard closin

CHARLOTTE, N.C., May 06, 2025 (GLOBE NEWSWIRE) -- AvidXchange Holdings, Inc. (NASDAQ:AVDX) ("AvidXchange" or the "Company"), a leading provider of accounts payable (AP) automation software and payment solutions, today announced that it has entered into a definitive agreement to be acquired by TPG (NASDAQ:TPG), a global alternative asset management firm, in partnership with Corpay, a global leader in corporate payments. TPG and Corpay will acquire AvidXchange for $10.00 per share in a cash transaction that values AvidXchange at $2.2 billion. TPG will acquire a majority interest in AvidXchange through TPG Capital, the firm's U.S. and European private equity platform. Corpay will acquire a mi

CHARLOTTE, N.C., April 08, 2025 (GLOBE NEWSWIRE) -- AvidXchange Holdings, Inc. (NASDAQ:AVDX), a leading provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, today announced that its first quarter 2025 ended March 31, 2025, financial results will be released on Wednesday, May 7, 2025. AvidXchange plans to host a conference call at 10:00 AM ET on May 7, 2025, to discuss the company's financial results. The call will be broadcast live via webcast at https://ir.avidxchange.com/. Following the completion of the call, a recorded replay of the call will be available on the AvidXchange Investor Relations website. About Avid

CHARLOTTE, N.C., April 02, 2025 (GLOBE NEWSWIRE) -- AvidXchange Inc. (NASDAQ:AVDX), a leading provider in accounts payable (AP) automation, offering intelligent AP software and payment solutions specifically designed for mid-market businesses and their suppliers, today announced the launch of several new AI agents and enhancements within its invoice automation solution. These advancements reinforce AvidXchange's ongoing commitment to delivering solutions that improve efficiency, visibility, and control for finance professionals. As part of AvidXchange's 2025 trends report, which surveyed 500 mid-market finance leaders, it was reported that 76% of finance departments recognize the value of

CHARLOTTE, N.C., March 06, 2025 (GLOBE NEWSWIRE) -- AvidXchange Holdings, Inc. (NASDAQ:AVDX), a leading provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, today announced that members of the management team will participate in the Wolfe FinTech Forum 2025 in New York, NY on Wednesday, March 12, 2025 at 8:10 AM ET. A live webcast of the presentation will be available on the Events page of the AvidXchange investor relations website at https://ir.avidxchange.com/. A replay of the webcast will also be available for a limited time. About AvidXchange™ AvidXchange is a leading provider of accounts payable ("AP") automat

Healthy revenue growth coupled with gross and operating margin improvement drives strong year over year fourth quarter and full year 2024 financial results2024 GAAP earnings per share swings positive with net cash provided by operating activities up more than eight-fold to $71.9 millionDisciplined capital allocation highlighted by paydown of high-interest bank-debt and repurchase of $50 million out of the $100 million authorized in 2024Sustained strong balance sheet with cash and marketable securities of $389.3 million with $9.1 million of long-term debt at year end 20242025 business outlook reflects continued progress on margin expansion on a choppy macro backdrop CHARLOTTE, N.C., Feb.

CHARLOTTE, N.C., Jan. 17, 2025 (GLOBE NEWSWIRE) -- AvidXchange Holdings, Inc. (NASDAQ:AVDX), a leading provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, today announced that its fourth quarter 2024 ended December 31, 2024, financial results will be released on Wednesday, February 26, 2025. AvidXchange will host a conference call at 10:00 AM ET on February 26, 2025, to discuss the company's financial results. The call will be broadcast live via webcast at https://ir.avidxchange.com/. Following the completion of the call, a recorded replay of the call will be available on the AvidXchange Investor Relations website.

CHARLOTTE, N.C., Nov. 13, 2024 (GLOBE NEWSWIRE) -- AvidXchange Holdings, Inc. (NASDAQ:AVDX), a leading provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, today announced that members of the management team will participate in the following investor conferences: KBW Fintech Conference on Thursday, November 14, 2024, in New York, NY. The presentation is scheduled to begin at 8:00 AM ET. FT Partners Fintech Conference Wednesday, November 20, 2024, in New York, NY. The presentation is scheduled to begin at 10:40 AM ET. UBS Global Technology and AI Conference on Tuesday, December 3, 2024, in Scottsdale, AZ

SCHEDULE 13G - AvidXchange Holdings, Inc. (0001858257) (Subject)

SCHEDULE 13G/A - AvidXchange Holdings, Inc. (0001858257) (Subject)

DEFA14A - AvidXchange Holdings, Inc. (0001858257) (Filer)

DEFA14A - AvidXchange Holdings, Inc. (0001858257) (Filer)

DEFA14A - AvidXchange Holdings, Inc. (0001858257) (Filer)

10-Q - AvidXchange Holdings, Inc. (0001858257) (Filer)

DEFA14A - AvidXchange Holdings, Inc. (0001858257) (Filer)

DEFA14A - AvidXchange Holdings, Inc. (0001858257) (Filer)

DEFA14A - AvidXchange Holdings, Inc. (0001858257) (Filer)

8-K - AvidXchange Holdings, Inc. (0001858257) (Filer)

Barclays downgraded AvidXchange from Overweight to Equal Weight and set a new price target of $8.00 from $13.00 previously

KeyBanc Capital Markets downgraded AvidXchange from Overweight to Sector Weight

BTIG Research resumed coverage of AvidXchange with a rating of Buy and set a new price target of $14.00

Compass Point upgraded AvidXchange from Neutral to Buy and set a new price target of $15.00 from $8.00 previously

Compass Point initiated coverage of AvidXchange with a rating of Neutral and set a new price target of $8.00

JP Morgan downgraded AvidXchange from Overweight to Neutral and set a new price target of $9.00 from $11.00 previously

UBS downgraded AvidXchange from Buy to Neutral and set a new price target of $10.00 from $15.00 previously

Goldman downgraded AvidXchange from Neutral to Sell and set a new price target of $11.50 from $13.00 previously

Keefe Bruyette initiated coverage of AvidXchange with a rating of Mkt Perform and set a new price target of $13.50

Piper Sandler downgraded AvidXchange from Overweight to Neutral and set a new price target of $13.00 from $12.00 previously

SC 13G/A - AvidXchange Holdings, Inc. (0001858257) (Subject)

SC 13G - AvidXchange Holdings, Inc. (0001858257) (Subject)

SC 13G - AvidXchange Holdings, Inc. (0001858257) (Subject)

SC 13G - AvidXchange Holdings, Inc. (0001858257) (Subject)

SC 13G - AvidXchange Holdings, Inc. (0001858257) (Subject)

SC 13G/A - AvidXchange Holdings, Inc. (0001858257) (Subject)

SC 13G/A - AvidXchange Holdings, Inc. (0001858257) (Subject)

SC 13G/A - AvidXchange Holdings, Inc. (0001858257) (Subject)

SC 13G - AvidXchange Holdings, Inc. (0001858257) (Subject)

SC 13G - AvidXchange Holdings, Inc. (0001858257) (Subject)

Q1'25 revenue growth of 2.2% impacted by a combination of lower transaction volume due to macro weakness and higher comparable float and political contributions in Q1'24Q1'25 versus Q1'24 GAAP gross margin expansion continues on lower unit cost and despite lower year over year transaction volume growthQ1'25 versus Q1'24 net cash provided by operating activities swings to $7.4 million from a use of ($6.4) million in the year ago periodThe Company sustains strong balance sheet with cash and marketable securities of $389.3 million CHARLOTTE, N.C., May 07, 2025 (GLOBE NEWSWIRE) -- AvidXchange Holdings, Inc. (NASDAQ:AVDX), a leading provider of accounts payable (AP) automatio

CHARLOTTE, N.C., May 06, 2025 (GLOBE NEWSWIRE) -- AvidXchange Holdings, Inc. (NASDAQ:AVDX) ("AvidXchange" or the "Company"), a leading provider of accounts payable (AP) automation software and payment solutions, today announced that it has entered into a definitive agreement to be acquired by TPG (NASDAQ:TPG), a global alternative asset management firm, in partnership with Corpay, a global leader in corporate payments. TPG and Corpay will acquire AvidXchange for $10.00 per share in a cash transaction that values AvidXchange at $2.2 billion. TPG will acquire a majority interest in AvidXchange through TPG Capital, the firm's U.S. and European private equity platform. Corpay will acquire a mi

CHARLOTTE, N.C., April 08, 2025 (GLOBE NEWSWIRE) -- AvidXchange Holdings, Inc. (NASDAQ:AVDX), a leading provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, today announced that its first quarter 2025 ended March 31, 2025, financial results will be released on Wednesday, May 7, 2025. AvidXchange plans to host a conference call at 10:00 AM ET on May 7, 2025, to discuss the company's financial results. The call will be broadcast live via webcast at https://ir.avidxchange.com/. Following the completion of the call, a recorded replay of the call will be available on the AvidXchange Investor Relations website. About Avid

Healthy revenue growth coupled with gross and operating margin improvement drives strong year over year fourth quarter and full year 2024 financial results2024 GAAP earnings per share swings positive with net cash provided by operating activities up more than eight-fold to $71.9 millionDisciplined capital allocation highlighted by paydown of high-interest bank-debt and repurchase of $50 million out of the $100 million authorized in 2024Sustained strong balance sheet with cash and marketable securities of $389.3 million with $9.1 million of long-term debt at year end 20242025 business outlook reflects continued progress on margin expansion on a choppy macro backdrop CHARLOTTE, N.C., Feb.

CHARLOTTE, N.C., Jan. 17, 2025 (GLOBE NEWSWIRE) -- AvidXchange Holdings, Inc. (NASDAQ:AVDX), a leading provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, today announced that its fourth quarter 2024 ended December 31, 2024, financial results will be released on Wednesday, February 26, 2025. AvidXchange will host a conference call at 10:00 AM ET on February 26, 2025, to discuss the company's financial results. The call will be broadcast live via webcast at https://ir.avidxchange.com/. Following the completion of the call, a recorded replay of the call will be available on the AvidXchange Investor Relations website.

Q3'24 financial results highlight significant year-over-year gross margin and operating margin expansion driven by strong revenue growth, unit cost efficiencies and operating expense leverage$25.1 million of the $100 million share repurchase program executed in the third quarter of 2024Sustaining a strong balance sheet with cash and marketable securities of $394.3 million while extinguishing pre-existing term debt and establishing a new larger credit facilityStrong Q3'24 financial results drive upward revision in 2024 revenue and adjusted EBITDA outlook CHARLOTTE, N.C., Nov. 06, 2024 (GLOBE NEWSWIRE) -- AvidXchange Holdings, Inc. (NASDAQ:AVDX), a leading provider of accounts payable (AP)

CHARLOTTE, N.C., Oct. 08, 2024 (GLOBE NEWSWIRE) -- AvidXchange Holdings, Inc. (NASDAQ:AVDX), a leading provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, today announced that its third quarter 2024 ended September 30, 2024, financial results will be released on Wednesday, November 6, 2024. AvidXchange will host a conference call at 10:00 AM ET on November 6, 2024, to discuss the company's financial results. The call will be broadcast live via webcast at https://ir.avidxchange.com/. Following the completion of the call, a recorded replay of the call will be available on the AvidXchange Investor Relations website. A

Q2'24 financial results mark a milestone in achieving GAAP net income profitability on disciplined execution around year-over-year revenue growth, unit cost efficiencies and operating expense leverage Sustaining a strong balance sheet with cash and marketable securities of $465.0 million to re-invest in the core business organically and inorganically Updated 2024 business outlook reflects strong execution amid macro choppiness CHARLOTTE, N.C., July 31, 2024 (GLOBE NEWSWIRE) -- AvidXchange Holdings, Inc. (NASDAQ:AVDX), a leading provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, today announced financial res

CHARLOTTE, N.C., July 08, 2024 (GLOBE NEWSWIRE) -- AvidXchange Holdings, Inc. (NASDAQ:AVDX), a leading provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, today announced that its second quarter 2024 ended June 30, 2024, financial results will be released on Wednesday, July 31, 2024. AvidXchange will host a conference call at 10:00 AM ET on July 31, 2024, to discuss the company's financial results. The call will be broadcast live via webcast at https://ir.avidxchange.com/. Following the completion of the call, a recorded replay of the call will be available on the AvidXchange Investor Relations website. About AvidX

Strong across-the-board year-over-year Q1'24 financial performance driven by yield expansion, transaction growth, unit cost reduction and operating expense disciplineQ1'24 operating income loss of $(4.1) million more than halved versus a loss of $(17.1) million in the comparable year-ago periodQ1'24 adjusted EBITDA up sharply to $17.7 million vs. $0.4 million in the comparable year-ago periodSustaining a strong balance sheet with cash and marketable securities of $443.6 million to re-invest in the core business organically and inorganicallyUpdated 2024 business outlook reflects sustained strong execution amid macro volatility CHARLOTTE, N.C., May 08, 2024 (GLOBE NEWSWIRE) -- AvidXchange H

CHARLOTTE, N.C., Aug. 02, 2023 (GLOBE NEWSWIRE) -- AvidXchange, a leading provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, today announced that John Feldman has been elevated to the role of Chief Operating Officer of AvidXchange, Inc. Feldman will continue to oversee the transformation of the company's service and fulfillment operations around standardization, sourcing and automation. Additionally, Doug Anderson has joined AvidXchange, Inc. as Chief Product Officer to lead the company's product strategy and innovation. Feldman joined AvidXchange in 2019 as Senior Vice President of Operations. Prior to joining the