This company has been acquired

The company may no longer be operating, as it has been acquired. Find out why through their latest events.

Avalara Past Earnings Performance

Past criteria checks 0/6

Key information

-19.3%

Earnings growth rate

59.7%

EPS growth rate

Software Industry Growth	17.3%
Revenue growth rate	29.8%
Return on equity	-15.9%
Net Margin	-20.6%
Last Earnings Update	30 Jun 2022

Recent past performance updates

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

Revenue & Expenses Breakdown

How Avalara makes and spends money. Based on latest reported earnings, on an LTM basis.

Earnings and Revenue History

NYSE:AVLR Revenue, expenses and earnings (USD Millions)
Date	Revenue	Earnings	G+A Expenses	R&D Expenses
30 Jun 22	789	-163	507	198
31 Mar 22	750	-138	470	183
31 Dec 21	699	-136	437	171
30 Sep 21	649	-111	406	159
30 Jun 21	595	-91	366	149
31 Mar 21	543	-70	324	135
31 Dec 20	501	-55	299	122
30 Sep 20	463	-50	274	111
30 Jun 20	434	-51	264	100
31 Mar 20	409	-55	257	92
31 Dec 19	382	-52	242	83
30 Sep 19	352	-56	237	70
30 Jun 19	323	-67	226	62
31 Mar 19	296	-71	216	55
31 Dec 18	272	-76	208	52
30 Sep 18	253	-80	193	49
30 Jun 18	239	-66	183	46
31 Mar 18	226	-63	174	44
31 Dec 17	213	-64	168	41
31 Mar 17	178	-60	147	34
31 Dec 16	167	-58	139	33
31 Dec 15	123	-78	132	30

Quality Earnings: AVLR is currently unprofitable.

Growing Profit Margin: AVLR is currently unprofitable.

Free Cash Flow vs Earnings Analysis

Past Earnings Growth Analysis

Earnings Trend: AVLR is unprofitable, and losses have increased over the past 5 years at a rate of 19.3% per year.

Accelerating Growth: Unable to compare AVLR's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: AVLR is unprofitable, making it difficult to compare its past year earnings growth to the Software industry (14.3%).

Return on Equity

High ROE: AVLR has a negative Return on Equity (-15.87%), as it is currently unprofitable.

Return on Assets

Return on Capital Employed

Discover strong past performing companies

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2022/10/19 11:08
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.

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 Github.

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

Avalara Past Earnings Performance

Past criteria checks 0/6

Key information

Recent past performance updates

Second quarter 2022 earnings: EPS misses analyst expectations

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

First quarter 2022 earnings: EPS and revenues exceed analyst expectations

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

Full year 2021 earnings: EPS and revenues exceed analyst expectations

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

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

President & COO exercised options and sold US$115k worth of stock

High number of new directors

Executive VP exercised options and sold US$205k worth of stock

High number of new directors

Digital River and Avalara Team Up for a Tax Management Solution to Simplify Global Ecommerce

President & COO exercised options and sold US$117k worth of stock

We Remain At Buy On Avalara After Q2 Earnings

Price target increased to US$199

Second quarter 2021 earnings released: US$0.32 loss per share (vs US$0.13 loss in 2Q 2020)

Avalara, Inc. Provides Earnings Guidance for the Third Quarter and Full Year 2021