Tearsheet

AvidXchange (AVDX)


Market Price (10/31/2025): $10.01 | Market Cap: $2.1 Bil
Sector: Information Technology | Industry: Technology Hardware, Storage & Peripherals

AvidXchange (AVDX)


Market Price (10/31/2025): $10.01
Market Cap: $2.1 Bil
Sector: Information Technology
Industry: Technology Hardware, Storage & Peripherals

Investment Highlights Why It Matters Which of these 2 stories sounds closer for this stock?

1. Generates cash flow

The stock generated 4% or more of the share price (called cash flow yield), and shows moderate 10-15% or more growth.

2. Riding a trend

Think Tesla during the pandemic of 2020 when EVs were riding a cultural high, or Nvidia in the current AI boom, or even Figma. These companies don’t have enough yield, or, enough growth, or both - however - they are riding a trend. They have momentum. These can be more volatile - they don’t have the floor of strong cash flow


0 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -16%
  Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -17 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -3.8%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 19%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 14%
  Expensive valuation multiples
P/EBITPrice/EBIT or Price/(Operating Income) ratio is 1078x
2   Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -4.9%
0 Cash is significant % of market cap
Net D/ENet Debt/Equity. Debt net of cash. Negative indicates net cash. Equity is taken as the Market Capitalization is -16%
1 Attractive cash flow generation
CFO/Rev LTMCash Flow from Operations / Revenue (Sales), Last Twelve Months (LTM) is 19%, FCF/Rev LTMFree Cash Flow / Revenue (Sales), Last Twelve Months (LTM) is 14%
2 Not profitable at operating income level
Op Inc LTMOperating Income, Last Twelve Months is -17 Mil, Op Mgn LTMOperating Margin = Operating Income / Revenue Reflects profitability before taxes and before impact of capital structure (interest payments). is -3.8%
3 Expensive valuation multiples
P/EBITPrice/EBIT or Price/(Operating Income) ratio is 1078x
4 Yield minus risk free rate is negative
ERPEquity Risk Premium (ERP) = Total Yield - Risk Free Rate, Reflects the premium above risk free assets offered by the investment. is -4.9%

Market Valuation & Key Metrics

AVDX Stock


Return vs. Risk


Price Returns Compared

 202020212022202320242025Total [1]
Returns
AVDX Return---34%25%-17%-3%-100%
Peers Return25%1%-29%114%4%-8%84%
S&P 500 Return16%27%-19%24%23%16%110%

Monthly Win Rates [3]
AVDX Win Rate-0%58%50%42%- 
Peers Win Rate37%37%15%38%48%40% 
S&P 500 Win Rate58%75%42%67%75%67% 

Max Drawdowns [4]
AVDX Max Drawdown---59%-29%-40%- 
Peers Max Drawdown-13%-20%-32%-2%-16%-37% 
S&P 500 Max Drawdown-31%-1%-25%-1%-2%-15% 


[1] Cumulative total returns since the beginning of 2020
[2] Peers: EBON, VELO, YIBO, AAPL, DELL.
[3] Win Rate = % of calendar months in which monthly returns were positive
[4] Max drawdown represents maximum peak-to-trough decline within a year
[5] 2025 data is for the year up to 10/30/2025 (YTD)

How Low Can It Go

Unique KeyEventAVDXS&P 500
2022 Inflation Shock2022 Inflation Shock  
2022 Inflation Shock% Loss% Loss-76.9%-25.4%
2022 Inflation Shock% Gain to Breakeven% Gain to Breakeven332.7%34.1%
2022 Inflation ShockTime to BreakevenTime to BreakevenNot Fully Recovered days464 days

Compare to EBON, VELO, YIBO, AAPL, DELL


In The Past

AvidXchange's stock fell -76.9% during the 2022 Inflation Shock from a high on 11/19/2021. A -76.9% loss requires a 332.7% gain to breakeven.

Preserve Wealth

Limiting losses and compounding gains is essential to preserving wealth over time.

Asset Allocation

Actively managed asset allocation strategies protect wealth. Learn more.

About AvidXchange (AVDX)

Better Bets than AvidXchange (AVDX)

Trade Ideas

Select past ideas related to AVDX. For more, see Trefis Trade Ideas.

Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
ADBE_9302025_Monopoly_xInd_xCD_Getting_Cheaper09302025ADBEAdobeMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
-4.2%-4.2%-6.7%
CRM_9302025_Monopoly_xInd_xCD_Getting_Cheaper09302025CRMSalesforceMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
6.1%6.1%-0.6%
MPWR_9302025_Monopoly_xInd_xCD_Getting_Cheaper09302025MPWRMonolithic Power SystemsMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
18.8%18.8%-1.8%
POWI_9262025_Dip_Buyer_High_CFO_Margins_ExInd_DE09262025POWIPower IntegrationsDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
3.7%3.7%-13.4%
ROP_9262025_Monopoly_xInd_xCD_Getting_Cheaper09262025ROPRoper TechnologiesMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
-10.5%-10.5%-10.5%
Unique KeyDateTickerCompanyCategoryTrade Strategy6M Fwd Rtn12M Fwd Rtn12M Max DD
ADBE_9302025_Monopoly_xInd_xCD_Getting_Cheaper09302025ADBEAdobeMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
-4.2%-4.2%-6.7%
CRM_9302025_Monopoly_xInd_xCD_Getting_Cheaper09302025CRMSalesforceMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
6.1%6.1%-0.6%
MPWR_9302025_Monopoly_xInd_xCD_Getting_Cheaper09302025MPWRMonolithic Power SystemsMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
18.8%18.8%-1.8%
POWI_9262025_Dip_Buyer_High_CFO_Margins_ExInd_DE09262025POWIPower IntegrationsDip BuyDB | CFO/Rev | Low D/EDip Buy with High Cash Flow Margins
Buying dips for companies with significant cash flows from operations and reasonable debt / market cap
3.7%3.7%-13.4%
ROP_9262025_Monopoly_xInd_xCD_Getting_Cheaper09262025ROPRoper TechnologiesMonopolyMY | Getting CheaperMonopoly-Like with P/S Decline
Large cap with monopoly-like margins or cash flow generation and getting cheaper based on P/S multiple
-10.5%-10.5%-10.5%

Recent Active Movers

Recent Active Movers

More From Trefis

Peer Comparisons for AvidXchange

Financials

AVDXEBONVELOYIBOAAPLDELLMedian
NameAvidXcha.Ebang In.Velo3D Planet I.Apple Dell Tec. 
Mkt Price-4.154.991.17271.40161.014.99
Mkt Cap2.1---4,044.6109.2109.2
Rev LTM447-44-408,625101,45150,949
Op Inc LTM-17--64-130,2146,9133,448
FCF LTM63--18-96,1844,8602,461
FCF 3Y Avg19--73-100,5034,4962,257
CFO LTM84--18-108,5657,4773,780
CFO 3Y Avg38--69-111,5597,2153,627

Growth & Margins

AVDXEBONVELOYIBOAAPLDELLMedian
NameAvidXcha.Ebang In.Velo3D Planet I.Apple Dell Tec. 
Rev Chg LTM8.0%--4.3%-6.0%10.5%7.0%
Rev Chg 3Y Avg16.7%-11.9%-1.8%-1.3%6.8%
Rev Chg Q5.2%-31.2%-9.6%19.0%14.3%
QoQ Delta Rev Chg LTM1.2%-8.0%-2.1%4.9%3.5%
Op Mgn LTM-3.8%--147.1%-31.9%6.8%1.5%
Op Mgn 3Y Avg-11.1%--174.7%-30.8%6.1%-2.5%
QoQ Delta Op Mgn LTM-2.3%-32.5%-0.1%0.1%0.1%
CFO/Rev LTM18.7%--40.6%-26.6%7.4%13.0%
CFO/Rev 3Y Avg8.4%--106.9%-28.4%7.5%8.0%
FCF/Rev LTM14.1%--40.6%-23.5%4.8%9.4%
FCF/Rev 3Y Avg3.6%--111.2%-25.6%4.7%4.1%

Valuation

AVDXEBONVELOYIBOAAPLDELLMedian
NameAvidXcha.Ebang In.Velo3D Planet I.Apple Dell Tec. 
Mkt Cap2.1---4,044.6109.2109.2
P/S4.6---9.91.14.6
P/EBIT1,078.3---31.114.631.1
P/E-256.8---40.722.222.2
P/CFO24.7---37.314.624.7
Total Yield-0.4%---2.8%5.8%2.8%
Dividend Yield0.0%---0.4%1.3%0.4%
FCF Yield 3Y Avg0.9%---3.2%7.6%3.2%
D/E0.0---0.00.30.0
Net D/E-0.2---0.00.20.0

Returns

AVDXEBONVELOYIBOAAPLDELLMedian
NameAvidXcha.Ebang In.Velo3D Planet I.Apple Dell Tec. 
1M Rtn--7.8%62.5%-13.3%6.6%14.0%6.6%
3M Rtn-2.7%--24.5%30.9%21.8%12.2%
6M Rtn-17.7%--0.8%27.5%76.4%22.6%
12M Rtn--36.7%--61.5%18.5%26.7%-9.1%
3Y Rtn--55.9%--79.8%346.4%79.8%
1M Excs Rtn--11.4%46.9%-14.0%4.6%6.3%4.6%
3M Excs Rtn--2.7%--31.4%24.9%17.5%7.4%
6M Excs Rtn--4.0%--22.6%5.8%54.7%0.9%
12M Excs Rtn--47.4%--77.8%-0.3%18.7%-23.9%
3Y Excs Rtn--131.9%--4.2%277.4%4.2%

Financials

Price Behavior

Short Interest

Short Interest: As Of Date10152025
Short Interest: Shares Quantity4,944,937
Short Interest: % Change Since 93020256.1%
Average Daily Volume2,573,189
Days-to-Cover Short Interest1.92
Basic Shares Quantity206,933,045
Short % of Basic Shares2.4%

Earnings Returns History

Expand for More

 Forward Returns
Earnings Date1D Returns5D Returns21D Returns
8/7/2025-0.1%0.3%0.6%
5/7/202518.8%18.5%19.3%
2/26/2025-20.7%-21.7%-6.1%
11/6/202413.9%25.4%32.4%
7/31/2024-29.7%-38.4%-37.3%
5/8/2024-3.3%-6.4%-10.5%
2/28/20244.5%2.8%8.2%
11/8/202315.2%21.4%37.0%
...
SUMMARY STATS   
# Positive556
# Negative887
Median Positive13.9%18.5%13.7%
Median Negative-9.7%-12.5%-17.8%
Max Positive18.8%25.4%37.0%
Max Negative-29.7%-38.4%-37.3%

SEC Filings

Expand for More

Report DateFiling DateFiling
6302025807202510-Q 6/30/2025
3312025509202510-Q 3/31/2025
12312024228202510-K 12/31/2024
93020241108202410-Q 9/30/2024
6302024802202410-Q 6/30/2024
3312024509202410-Q 3/31/2024
12312023229202410-K 12/31/2023
93020231109202310-Q 9/30/2023
6302023807202310-Q 6/30/2023
3312023510202310-Q 3/31/2023
12312022301202310-K 12/31/2022
93020221104202210-Q 9/30/2022
6302022805202210-Q 6/30/2022
3312022506202210-Q 3/31/2022
12312021314202210-K 12/31/2021
93020211118202110-Q 9/30/2021

Insider Activity

Expand for More

 OwnerTitleFiling DateActionPriceSharesTransacted
Value
Value of
Held Shares
Form
0Cunningham Todd AlanSee Remarks6122025Sell9.7962,585612,7384,341,206Form
1Praeger MichaelChief Executive Officer3182025Sell8.0327,336219,47889,421,079Form
2Mackintosh Teresa 12122024Sell11.044004,414518,513Form
3HAUSMAN JAMES E 12112024Sell11.2525,000281,28823,765,778Form
4Mackintosh Teresa 12102024Sell11.4413,316152,370542,242Form

Industry Resources

Technology Hardware, Storage & Peripherals Resources
The Verge
TechRadar
Tom’s Hardware
PCMag
CNET