This company has been acquired

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AVLR Stock Overview

Avalara, Inc., together with its subsidiaries, provides cloud-based solutions for transaction tax compliance worldwide. More details

AVLR fundamental analysis
Snowflake Score
Valuation	2/6
Future Growth	1/6
Past Performance	0/6
Financial Health	5/6
Dividends	0/6

Rewards

Trading at 22.6% below our estimate of its fair value

Revenue is forecast to grow 19.85% per year

Risk Analysis

Significant insider selling over the past 3 months

Currently unprofitable and not forecast to become profitable over the next 3 years

Shareholders have been diluted in the past year

My Notes

Capture your thoughts, links and company narrative

Avalara, Inc. Competitors

DocuSign

NasdaqGS:DOCU

US$19.0b

Unity Software

NYSE:U

US$9.0b

Qualtrics International

NasdaqGS:XM

US$11.0b

Coupa Software

NasdaqGS:COUP

US$6.1b

Price History & Performance

Summary of share price highs, lows and changes for Avalara
Historical stock prices
Current Share Price	US$93.48
52 Week High	US$188.43
52 Week Low	US$66.39
Beta	0.98
1 Month Change	0.96%
3 Month Change	1.76%
1 Year Change	-47.12%
3 Year Change	42.61%
5 Year Change	n/a
Change since IPO	108.01%

Avalara ticks higher as holders said to approve $8.2B sale to Vista Equity

Oct 14

Glass Lewis recommends AVLR shareholders vote against $8.4B sale to Vista Equity

Oct 05

Recent updates

Avalara ticks higher as holders said to approve $8.2B sale to Vista Equity

Oct 14

Glass Lewis recommends AVLR shareholders vote against $8.4B sale to Vista Equity

Oct 05

Shareholder Returns

	AVLR	US Software	US Market
7D	0.9%	-2.2%	-2.4%
1Y	-47.1%	21.9%	23.3%

Return vs Industry: AVLR underperformed the US Software industry which returned -37% over the past year.

Return vs Market: AVLR underperformed the US Market which returned -24.8% over the past year.

Price Volatility

Is AVLR's price volatile compared to industry and market?
AVLR volatility
AVLR Average Weekly Movement	3.0%
Software Industry Average Movement	7.9%
Market Average Movement	6.3%
10% most volatile stocks in US Market	16.8%
10% least volatile stocks in US Market	3.1%

Stable Share Price: AVLR has not had significant price volatility in the past 3 months.

Volatility Over Time: AVLR's weekly volatility has decreased from 8% to 3% over the past year.

About the Company

Founded	Employees	CEO	Website
1999	4,465	Scott McFarlane	www.avalara.com

Avalara, Inc., together with its subsidiaries, provides cloud-based solutions for transaction tax compliance worldwide. The company offers a suite of compliance solutions that enable businesses to address the complexity of transaction tax compliance; process transactions in real time; produce detailed records of transaction tax determinations; and reduce errors, audit exposure, and total transaction tax compliance costs. The company’s solutions include AvaTax, a solution for determining sales tax in the United States; Avalara Compliance Cloud Returns for tax return preparation, filing, and remittance; which creates, validates, stores, and manages sales tax exemption.

Avalara, Inc. Fundamentals Summary

How do Avalara's earnings and revenue compare to its market cap?
AVLR fundamental statistics
Market cap	US$8.28b
Earnings (TTM)	-US$162.92m
Revenue (TTM)	US$789.43m

10.5x

P/S Ratio

-50.8x

P/E Ratio

Is AVLR overvalued?

See Fair Value and valuation analysis

Earnings & Revenue

Key profitability statistics from the latest earnings report (TTM)
AVLR income statement (TTM)
Revenue	US$789.43m
Cost of Revenue	US$234.73m
Gross Profit	US$554.70m
Other Expenses	US$717.62m
Earnings	-US$162.92m

Last Reported Earnings

Jun 30, 2022

Next Earnings Date

n/a

Earnings per share (EPS)	-1.84
Gross Margin	70.27%
Net Profit Margin	-20.64%
Debt/Equity Ratio	93.8%

How did AVLR perform over the long term?

See historical performance and comparison

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2022/10/19 10:45
End of Day Share Price	2022/10/18 00:00
Earnings	2022/06/30
Annual Earnings	2021/12/31

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.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* 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

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

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

Avalara, Inc. is covered by 21 analysts. 12 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Andrew DeGasperi	Berenberg
Daniel Jester	BMO Capital Markets Equity Research
Bradley Sills	BofA Global Research

This company has been acquired

AVLR Stock Overview

Rewards

Risk Analysis

Avalara, Inc. Competitors

NasdaqGS:DOCU

US$19.0b

NYSE:U

US$9.0b

NasdaqGS:XM

US$11.0b

NasdaqGS:COUP

US$6.1b

Price History & Performance

Recent News & Updates

Vista Equity Partners Management, LLC completed the acquisition of Avalara, Inc. (NYSE:AVLR) from BlackRock, Inc. (NYSE:BLK), Franklin Resources, Inc. (NYSE:BEN), The Vanguard Group, Inc., Wellington Management Group LLP and others.

Co-Founder notifies of intention to sell stock

Avalara ticks higher as holders said to approve $8.2B sale to Vista Equity

Glass Lewis recommends AVLR shareholders vote against $8.4B sale to Vista Equity

Altair Issues New Investor Presentation Addressing Avalara’s Recent Proposed Sale to Vista Equity

Avalara, Inc Announces 18 Newly Certified Integrations into Business Applications

Recent updates

Vista Equity Partners Management, LLC completed the acquisition of Avalara, Inc. (NYSE:AVLR) from BlackRock, Inc. (NYSE:BLK), Franklin Resources, Inc. (NYSE:BEN), The Vanguard Group, Inc., Wellington Management Group LLP and others.

Co-Founder notifies of intention to sell stock

Avalara ticks higher as holders said to approve $8.2B sale to Vista Equity

Glass Lewis recommends AVLR shareholders vote against $8.4B sale to Vista Equity

Altair Issues New Investor Presentation Addressing Avalara’s Recent Proposed Sale to Vista Equity

Avalara, Inc Announces 18 Newly Certified Integrations into Business Applications

Avalara announces 18 newly certified integrations into business applications

Co-Founder exercised options and sold US$1.5m worth of stock

Avalara holder plans to vote against $8.2B sale to Vista Equity

Altair US, LLC Opposes Sale of Avalara to Vista Equity Partners

Altair US, LLC Opposes Sale of Avalara to Vista Equity Partners

Avalara holder said to plan to vote against $8.2B sale to Vista Equity - report

Avalara: Disappointed By The Takeout Offer, Though Valuation Is Reasonable

Co-Founder exercised options and sold US$1.5m worth of stock

President & COO recently sold US$70k worth of stock

Vista Equity Partners Management, LLC entered into a definitive agreement to acquire Avalara, Inc. (NYSE:AVLR) for $8.7 billion.

Price target decreased to US$99.55

Vista Equity Partners Management, LLC entered into a definitive agreement to acquire Avalara, Inc. (NYSE:AVLR) for $8.6 billion.

Second quarter 2022 earnings: EPS misses analyst expectations

Vista Equity agrees to buy Avalara for $8.4B

Avalara: Tax Compliance Cross-Selling Opportunities Turn Us Bullish

Avalara, Inc. to Report Q2, 2022 Results on Aug 08, 2022

Co-Founder exercised options and sold US$1.4m worth of stock

Avalara surges 16% on report on takeover approach

Forecast to breakeven in 2024

Co-Founder exercised options and sold US$1.3m worth of stock

Avalara acquired 100% Stake in Netle Yazilim San ve Tic.

Avalara, Inc. Announces Transfer Pricing Reports for Accountants Automates Transfer Pricing Documentation

Co-Founder exercised options and sold US$1.3m worth of stock

Now 21% undervalued after recent price drop

Avalara, Inc. Announces the Launch of Avalara Mylodgetax Pro, A SaaS Solution That Helps Managers of Multiple Short-Term Rental Properties Increase Efficiency and Ensure Compliance Through Automation

Avalara: Best Time To Buy This SaaS Leader

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

Avalara, Inc. Appoints Ee Lyn Khoo as Its New Chief People Officer

Avalara, Inc., Annual General Meeting, Jun 08, 2022

Avalara, Inc. to Report Q1, 2022 Results on May 05, 2022

Co-Founder exercised options and sold US$1.5m worth of stock

President & COO recently sold US$620k worth of stock

Avalara Announces Low-Code Developer Tools and New APIs to Embed Compliance into Business Applications and Ecommerce Platforms

Co-Founder notifies of intention to sell stock

Executive VP recently sold US$138k worth of stock

Co-Founder notifies of intention to sell stock

Avalara Announces 20 Newly Certified Integrations into Business Applications

Executive VP exercised options and sold US$64k worth of stock

Price target decreased to US$172

Full year 2021 earnings: EPS and revenues exceed analyst expectations

Avalara, Inc. Provides Revenue Guidance for the First Quarter and Full Year of 2022

Executive VP recently sold US$59k worth of stock

Avalara Q4 Earnings Preview: Will The Report Change The Story?

Executive VP recently sold US$136k worth of stock

Co-Founder notifies of intention to sell stock

Co-Founder notifies of intention to sell stock

President & COO exercised options and sold US$120k worth of stock

Forecast to breakeven in 2023

Avalara: Risk/Reward Equation Is Well Balanced

Third quarter 2021 earnings released: US$0.38 loss per share (vs US$0.15 loss in 3Q 2020)

Executive VP exercised options and sold US$1.1m worth of stock

Avalara: Let This Bloated Stock Come Down To Earth