AvidXchange Holdings, Inc.

NasdaqGS:AVDX Stock Report

Market Cap: US$2.1b

AvidXchange Holdings Management

Management criteria checks 2/4

AvidXchange Holdings' CEO is Mike Praeger, appointed in Apr 2000, has a tenure of 24.75 years. total yearly compensation is $7.29M, comprised of 6.9% salary and 93.1% bonuses, including company stock and options. directly owns 6.89% of the company’s shares, worth $146.66M. The average tenure of the management team and the board of directors is 5.3 years and 3.3 years respectively.

Key information

Mike Praeger

Chief executive officer

US$7.3m

Total compensation

CEO salary percentage6.9%
CEO tenure24.8yrs
CEO ownership6.9%
Management average tenure5.3yrs
Board average tenure3.3yrs

Recent management updates

Recent updates

AvidXchange Holdings, Inc.'s (NASDAQ:AVDX) P/S Is Still On The Mark Following 26% Share Price Bounce

Nov 07
AvidXchange Holdings, Inc.'s (NASDAQ:AVDX) P/S Is Still On The Mark Following 26% Share Price Bounce

What You Can Learn From AvidXchange Holdings, Inc.'s (NASDAQ:AVDX) P/S After Its 26% Share Price Crash

Aug 01
What You Can Learn From AvidXchange Holdings, Inc.'s (NASDAQ:AVDX) P/S After Its 26% Share Price Crash

AvidXchange Holdings: Positive Outlook

May 31

AvidXchange Holdings, Inc.'s (NASDAQ:AVDX) Earnings Haven't Escaped The Attention Of Investors

Apr 27
AvidXchange Holdings, Inc.'s (NASDAQ:AVDX) Earnings Haven't Escaped The Attention Of Investors

AvidXchange Holdings: Meeting The Rule Of 40 Benchmark Is Key Catalyst

Mar 04

Why Investors Shouldn't Be Surprised By AvidXchange Holdings, Inc.'s (NASDAQ:AVDX) P/S

Jan 08
Why Investors Shouldn't Be Surprised By AvidXchange Holdings, Inc.'s (NASDAQ:AVDX) P/S

Growth Investors: Industry Analysts Just Upgraded Their AvidXchange Holdings, Inc. (NASDAQ:AVDX) Revenue Forecasts By 10%

Aug 08
Growth Investors: Industry Analysts Just Upgraded Their AvidXchange Holdings, Inc. (NASDAQ:AVDX) Revenue Forecasts By 10%

AvidXchange Holdings, Inc. (NASDAQ:AVDX) Reported Earnings Last Week And Analysts Are Already Upgrading Their Estimates

Aug 06
AvidXchange Holdings, Inc. (NASDAQ:AVDX) Reported Earnings Last Week And Analysts Are Already Upgrading Their Estimates

CEO Compensation Analysis

How has Mike Praeger's remuneration changed compared to AvidXchange Holdings's earnings?
DateTotal CompensationSalaryCompany Earnings
Sep 30 2024n/an/a

-US$999k

Jun 30 2024n/an/a

-US$13m

Mar 31 2024n/an/a

-US$32m

Dec 31 2023US$7mUS$500k

-US$47m

Sep 30 2023n/an/a

-US$68m

Jun 30 2023n/an/a

-US$85m

Mar 31 2023n/an/a

-US$92m

Dec 31 2022US$7mUS$498k

-US$101m

Sep 30 2022n/an/a

-US$159m

Jun 30 2022n/an/a

-US$174m

Mar 31 2022n/an/a

-US$175m

Dec 31 2021US$8mUS$474k

-US$224m

Sep 30 2021n/an/a

-US$224m

Jun 30 2021n/an/a

-US$207m

Mar 31 2021n/an/a

-US$209m

Dec 31 2020US$2mUS$404k

-US$166m

Compensation vs Market: Mike's total compensation ($USD7.29M) is above average for companies of similar size in the US market ($USD5.43M).

Compensation vs Earnings: Mike's compensation has increased whilst the company is unprofitable.

CEO

Mike Praeger (59 yo)

24.8yrs

Tenure

US$7,286,265

Compensation

Mr. Michael Praeger, also known as Mike, co-founded AvidXchange Holdings, Inc. (formerly known as AvidXchange, Inc.). in 2000 and serves as its Chairman, Chief Executive Officer since April 2000 and was it...

Leadership Team

NamePositionTenureCompensationOwnership
Michael Praeger
Co-Founder24.8yrsUS$7.29m6.89%
$ 146.7m
Daniel Drees
President2yrsUS$5.18m0.14%
$ 3.0m
Joel Wilhite
Senior VP & CFO7.9yrsUS$3.62m0.0094%
$ 200.2k
Angelic Gibson
Chief Information Officer & Senior VP5.3yrsUS$2.78m0.050%
$ 1.1m
Ryan Stahl
Senior VP7.2yrsUS$2.59m0.064%
$ 1.4m
Chris Tinsley
Co-Founder & Senior Technology Advisor25yrsno datano data
John Feldman
Chief Operating Officer1.4yrsno datano data
Subhaash Kumar
Head of Investor Relationsno datano datano data
Al McMillian
Vice President of Complianceno datano datano data
Jess Antle
Vice President of Brand Marketing & Communicationsno datano datano data
Todd Cunningham
Chief People Officer & Senior VP4.8yrsno data0.053%
$ 1.1m
Serdar Dincaslan
Senior Vice President of Business Insights2.8yrsno datano data

5.3yrs

Average Tenure

54.5yo

Average Age

Experienced Management: AVDX's management team is seasoned and experienced (5.3 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Michael Praeger
Co-Founder24.8yrsUS$7.29m6.89%
$ 146.7m
Lance Drummond
Independent Director3.3yrsUS$207.60k0.022%
$ 476.9k
James Hausman
Independent Director22.5yrsUS$221.60k1.37%
$ 29.1m
Kenneth Chukwu
Independent Directorless than a yearno datano data
Teresa Mackintosh
Independent Director3.3yrsUS$213.60k0.015%
$ 309.1k
Asif Ramji
Lead Independent Director2.1yrsUS$289.02k0.012%
$ 260.6k
Sonali Sambhus
Independent Director2.1yrsUS$294.27k0.012%
$ 260.6k
Arthur Rubado
Independent Directorless than a yearno data0.0021%
$ 44.2k
James McGuire
Independent Director3.3yrsUS$219.60kno data

3.3yrs

Average Tenure

59yo

Average Age

Experienced Board: AVDX's board of directors are considered experienced (3.3 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2025/01/02 00:21
End of Day Share Price 2025/01/02 00:00
Earnings2024/09/30
Annual Earnings2023/12/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

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Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

AvidXchange Holdings, Inc. is covered by 20 analysts. 16 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
David KoningBaird
Ramsey El-AssalBarclays
Rufus HoneBMO Capital Markets Equity Research