NASDAQ$AVDX
AvidXchange · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
AvidXchange's Q3 2021 financial results were announced, demonstrating strong year-over-year growth.
AvidXchange announced strong Q3 2021 results, with a 37% year-over-year increase in total revenue and a 40% increase in total payment volume. The company's GAAP net loss was $(35.5) million, while non-GAAP net loss was $(15.3) million.
- Total revenue increased by 37% year-over-year, reaching $65.2 million.
- Total payment volume grew by 40% year-over-year.
- GAAP gross profit was $34.3 million, representing 53% of total revenue.
- The acquisition of FastPay was completed, expanding AvidXchange's portfolio in the media industry.
Headline financials
Revenue & EPS history
AvidXchange · Revenue · Quarterly
$65.2M
Forward guidance
AvidXchange anticipates full year 2021 revenue to be in the range of $244.5M - $245.5M and adjusted EBITDA to be in the range of $(30.1)M - $(28.1)M.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 16 quarterly earnings reports
-1.0%
Avg return
Earnings day
-1.6%
Avg return
5 days after
+0.8%
Avg return
30 days after
44%
8 / 18 earnings
Positive
+18.8%
Q1 2025
Best reaction
-35.1%
Q2 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q3 2025 | — | — | — | |
| Q2 2025 | -0.1% | +0.2% | +0.6% | |
| Q1 2025 | +18.8% | +18.7% | +19.5% | |
| Q4 2024 | -20.7% | -19.1% | -6.7% | |
| Q3 2024 | +17.6% | +23.4% | +36.1% | |
| Q2 2024 | -35.1% | -40.5% | -36.5% | |
| Q1 2024 | -4.3% | -6.3% | -10.9% | |
| Q4 2023 | +9.5% | +7.1% | +8.2% | |
| Q3 2023 | +17.9% | +15.9% | +39.5% | |
| Q2 2023 | -13.7% | -15.9% | -17.0% | |
| Q1 2023 | +16.2% | +14.2% | +50.8% | |
| Q4 2022 | -11.4% | -3.8% | -21.7% | |
| Q3 2022 | -15.8% | -10.2% | -1.9% | |
| Q2 2022 | +11.0% | +16.2% | +5.7% | |
| Q1 2022 | -4.0% | -18.1% | +9.1% | |
| Q2 2021 | -2.5% | +16.7% | +19.4% | |
| Q4 2021 | -5.6% | -17.4% | -6.6% | |
| Q4 2020 | +4.5% | -15.4% | -36.9% | |
| Q3 2021 | +0.4% | +4.8% | -36.0% | |
| Q1 2021 | — | — | — | |
| Q3 2020 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
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