AvidXchange Q1 Adjusted Earnings Flat, Revenue Rises; 2025 Outlook Suspended Due to Pending Deal

MT Newswires Live05-07

AvidXchange Holdings (AVDX) reported Q1 adjusted earnings Wednesday of $0.05 per diluted share, unchanged from a year earlier.

Analysts polled by FactSet expected $0.06.

Revenue for the quarter ended March 31 was $107.9 million, up from $105.6 million a year earlier.

Analysts surveyed by FactSet expected $109.7 million.

The company said it is suspending its 2025 outlook due to its pending acquisition by TPG (TPG) in partnership with Corpay (CPAY).

AvidXchange shares were over 18% higher in recent premarket activity Wednesday.

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