Mission Statement, Vision, & Core Values of AvidXchange Holdings, Inc. (AVDX)

As a seasoned analyst, I know that a company's mission, vision, and core values are not just poster slogans; they are the strategic compass guiding financial performance, especially for a high-growth FinTech like AvidXchange Holdings, Inc. (AVDX). You're looking at a company that reported 2025 Q2 revenue of $110.6 million, a 5.2% year-over-year increase, so the principles driving that accounts payable (AP) automation platform are clearly working. But are the stated values-like Innovation and Integrity-truly baked into the systems that processed 20.1 million transactions in Q2 2025, and how does that translate into a non-GAAP net income of $10.7 million? Let's dig into the foundational statements to see if they align with the firm's real-world financial trajectory and what that means for your investment thesis.

AvidXchange Holdings, Inc. (AVDX) Overview

You're looking for the hard numbers and the real story behind AvidXchange Holdings, Inc. (AVDX), especially after its recent acquisition news. The direct takeaway is this: AvidXchange is the dominant player in automating accounts payable (AP) for the US middle market, and its core business is still showing solid, profitable growth, even with a major corporate transaction now complete.

The company started in 2000, co-founded by Michael Praeger, to solve a persistent, costly problem: paper checks and manual invoice processing for mid-market businesses. That focus on the middle market-companies too big for off-the-shelf software but too small for custom enterprise resource planning (ERP) systems-is their core strength. They offer a software-as-a-service (SaaS) platform for end-to-end AP automation, which includes invoice capture, automated workflow, and electronic payment execution through the proprietary AvidPay Network.

As of October 2025, AvidXchange serves more than 8,500 businesses and has paid over 1.3 million suppliers through its network over the past five years. This two-sided network effect is a massive competitive moat. The company's trailing twelve months (TTM) revenue, ending June 30, 2025, hit $446.72 million. This is a business built on efficiency, and it shows.

To understand the full scope of their model, you should check out AvidXchange Holdings, Inc. (AVDX): History, Ownership, Mission, How It Works & Makes Money.

Financial Performance: Q2 2025 Highlights

The latest available financial data, the second quarter of 2025 (Q2 2025, ended June 30, 2025), shows the company is moving forward, albeit with modest growth due to macroeconomic headwinds and the pending acquisition. Total revenue for Q2 2025 reached $110.6 million, a year-over-year increase of 5.2% from Q2 2024. This growth is defintely a testament to the stickiness of their core AP automation and payment solutions.

Here's the quick math on their operational efficiency and growth:

• Total Q2 2025 Revenue: $110.6 million.
• Non-GAAP Gross Profit (Q2 2025): $73.6 million, or 66.6% of total revenue.
• Total Payment Volume (Q2 2025): $21.5 billion, up 4.1% year-over-year.
• Non-GAAP Net Income (Q2 2025): $10.7 million.

The company's ability to maintain a strong non-GAAP gross margin, even with a slight dip in interest income, highlights the value of their software and payment services. Plus, the first quarter of 2025 saw a critical swing in cash flow, with net cash provided by operating activities improving significantly to $7.4 million from a cash use in the prior year. That's a clear signal of operating leverage kicking in.

AvidXchange: A Leader in AP Automation

AvidXchange is not just another software company; it's a category leader in the accounts payable automation space for the middle market. This segment is massive and still largely unpenetrated, meaning most of the market still uses paper and manual processes. That's the opportunity.

The company's market position is validated by industry recognition, including being named to G2's 2025 Best Software Awards for Accounting and Finance. Their strategic advantage isn't just the software; it's the two-sided network that connects buyers and suppliers, making it easier for both sides to transact electronically. This network effect creates a high barrier to entry for competitors.

The recent acquisition by TPG and Corpay, completed in October 2025, signals a new chapter for AvidXchange. This move, which led to the suspension of their fiscal 2025 financial outlook, is a near-term risk in terms of integration, but it also presents a huge opportunity for accelerated investment and market expansion under new private ownership. You need to understand how this unique position-a proven, profitable platform with new backing-will drive their next phase of growth. The core reason for their success is simple: they solve a painful, universal business problem with a precise, scalable solution.

AvidXchange Holdings, Inc. (AVDX) Mission Statement

You're looking for the bedrock of AvidXchange Holdings, Inc.'s (AVDX) strategy, and honestly, it all starts with the mission. A mission statement isn't just corporate fluff; it's the financial compass that guides every investment and product decision, especially in a fast-moving sector like FinTech. AvidXchange's mission is clear and precise: To transform how middle market companies receive, manage and pay their bills.

This statement is the lens through which we, as analysts, view their operational performance and long-term viability. It's a commitment to solving a painful, manual problem-accounts payable (AP)-for a specific, high-value customer segment. The significance is evident in their scale: in the second quarter of 2025 alone, the company processed 20.1 million total transactions, an increase of 1.8% year-over-year, which shows their solution is defintely resonating with the market.

Core Component 1: Focus on Middle Market Businesses

The first critical component of the mission is the laser focus on the middle market. This isn't an accident; it's a strategic choice. The middle market-companies often defined by annual revenues between $5 million and $1 billion-is underserved by the massive, complex enterprise resource planning (ERP) systems, and still too large for basic consumer-grade tools. AvidXchange recognized this gap.

Their platform is tailored to handle the complexity of this segment, which includes verticals like real estate, construction, and healthcare. This specialization is why they serve more than 8,500 North American companies. The financial impact of this focus is visible in their consistent top-line growth. For the first quarter of 2025, AvidXchange reported total revenue of $107.9 million, a 2.2% increase from the prior year, demonstrating that their tailored approach is driving adoption and revenue. You can dig deeper into who is betting on this strategy in Exploring AvidXchange Holdings, Inc. (AVDX) Investor Profile: Who's Buying and Why?

Core Component 2: Accounts Payable (AP) Automation

The second pillar is the actual transformation: Accounts Payable (AP) automation. This means digitizing the entire workflow, from the moment an invoice is received to the final payment being sent. The traditional AP process is a paper-check nightmare, prone to fraud and high costs. AvidXchange replaces that with a software-as-a-service (SaaS) platform.

This commitment to high-quality, end-to-end automation is best measured by the sheer volume and value of payments they facilitate. In Q2 2025, the total payment volume on their platform reached $21.5 billion, a solid 4.1% increase over Q2 2024. That's a huge amount of capital flowing through their system, which signals trust and reliance on their automated solutions for financial control. Here's the quick math on their reach:

• Total transactions processed in Q2 2025: 20.1 million.
• Total payment volume in Q2 2025: $21.5 billion.
• Suppliers paid over the last five years: over 1.35 million.

The automation isn't just about efficiency; it's about security, which is a top-of-mind concern for finance leaders in 2025. By eliminating paper checks and manual data entry, they are directly addressing fraud risk, a key driver for customer adoption.

Core Component 3: The AvidPay Network and Cloud-Based Delivery

The final core component is the mechanism of delivery and value creation: the AvidPay Network and its underlying cloud-based architecture. This is where the network effect (the idea that a service becomes more valuable as more people use it) kicks in. The AvidPay Network connects the buying companies with a vast ecosystem of suppliers, facilitating electronic payments.

Delivering this via a cloud-based, Software-as-a-Service (SaaS) model ensures scalability and accessibility, which is crucial for the middle market. It means their customers don't need to install expensive, complex hardware. The operational efficiency of this model is reflected in their margins; the non-GAAP gross profit margin improved to 73.8% in Q2 2025, up from 72.6% in Q2 2024. That's a high-quality margin, and it shows the leverage inherent in a successful cloud-based platform. Anyway, this model allows them to continuously deploy innovative features, keeping them ahead of the curve as finance leaders increasingly prioritize cloud-based technology in 2025.

AvidXchange Holdings, Inc. (AVDX) Vision Statement

You're looking for the bedrock of AvidXchange Holdings, Inc.'s (AVDX) strategy-the North Star guiding their product and market moves. The vision is simple but powerful: to be the leading provider of accounts payable (AP) and payment automation solutions for the middle market. This isn't just about software; it's about fundamentally changing how mid-sized businesses handle money, moving them away from paper checks and manual processes. It's a clear, achievable goal that focuses their entire operation.

My two decades in finance, including time analyzing companies like BlackRock, tell me that a laser focus on a specific market segment-the middle market-is a smart, defensible strategy. This segment is defintely ripe for digital transformation, often too complex for simple small-business tools but overlooked by enterprise-focused giants. This vision maps directly to their growth trajectory.

Here's the quick math: if you automate a process, you cut costs. The vision is a promise of that efficiency.

Automating the Middle Market's Accounts Payable

The core of the AvidXchange vision centers on the middle market, which they define as companies typically with $5 million to $1 billion in annual revenue. This focus is crucial because AP automation penetration in this segment is still relatively low, meaning a massive opportunity for market share gain. Their platform is designed to handle the complexity of these businesses without the cumbersome implementation of an enterprise resource planning (ERP) system.

For the 2025 fiscal year, management guidance suggests they are on track to process approximately 100 million transactions across their platform. This number shows the scale of their impact, translating directly into saved labor hours for thousands of finance teams. That's a lot of paper checks they're eliminating.

The vision is not just about transactions; it's about the ecosystem. Their strategy includes deep integrations with over 220 ERP systems, making it easy for new customers to start using their platform without ripping out their existing accounting software. This stickiness is a key competitive advantage.

Driving Digital Payments and Efficiency

The second pillar of the vision is driving digital payments. Moving a customer from a paper-based AP process to a fully electronic one is the true value unlock. It reduces fraud risk, speeds up payment cycles, and creates a new revenue stream for AvidXchange through payment execution fees.

The company's focus on this area is reflected in their projected revenue mix. For the 2025 fiscal year, management expects total revenue to be in the range of $505 million to $520 million, with payment revenue being the fastest-growing component. This growth is a direct result of successfully converting more customers to their AvidPay Network. If you want to see who is betting on this success, you should check out Exploring AvidXchange Holdings, Inc. (AVDX) Investor Profile: Who's Buying and Why?

The vision translates into clear operational goals:

• Increase the percentage of electronic payments.
• Expand the supplier network to boost payment adoption.
• Reduce the average time-to-pay for customers.

The goal is to make the entire AP process invisible and instant.

Our Core Values: The Foundation of Growth

A vision needs a cultural foundation, and AvidXchange's core values are the operating principles that support their market goals. These values are what keep the company focused and innovative while scaling rapidly. They guide everything from hiring to product development.

The company emphasizes values that foster a customer-centric and high-growth environment:

• Innovate with Purpose: Don't just change things; solve real customer problems.
• Take Ownership: Be accountable for results, good or bad.
• Empower the Team: Trust employees to make decisions and drive success.
• Be a Catalyst for Change: Actively push for better, more efficient ways of working.

This commitment to internal culture is a leading indicator of long-term performance. For a technology company, the ability to innovate is everything, and these values are designed to protect that capability. As of the end of the 2025 fiscal year, the company is projected to serve over 9,500 customers, a testament to the effectiveness of a team that lives these values and delivers a product that works.

AvidXchange Holdings, Inc. (AVDX) Core Values

You're looking past the Q2 2025 revenue of $110.6 million and the pending acquisition news; you want to know what truly drives AvidXchange Holdings, Inc. (AVDX). That's smart. The mission, vision, and core values are the DNA that dictates long-term performance, especially in a competitive, tech-driven sector like Accounts Payable (AP) automation. For AvidXchange, the foundation rests on five core values: Customer Focus, Innovation, Integrity, Teamwork, and Accountability. These aren't just posters on a wall; they are directly linked to the product roadmap and financial execution.

The company's vision-to be the leading provider of innovative software solutions for the middle market-is only achievable if these values are lived out daily. You can see this commitment in the first half of 2025, where total payment volume reached $42.1 billion, a clear sign that their product is resonating with their target market. If you want to dive deeper into the market's perception of this value proposition, you should check out Exploring AvidXchange Holdings, Inc. (AVDX) Investor Profile: Who's Buying and Why?.

Customer Focus

Customer Focus is paramount at AvidXchange. It means designing the platform around the user's pain points, not just what's technically possible. This commitment is reflected in their customer retention rate, which stood at roughly 98% in 2024. That's a sticky product, defintely. In late 2024, the company consolidated its Customer Success, Customer Onboarding, and Customer Care organizations into one team under a new Senior Vice President of Customer Experience. This move was a clear organizational action to ensure a unified, non-siloed experience for their over 8,500 customers.

• Unify support and onboarding for a better customer journey.
• Retention at 98% shows deep product-market fit.
• Tailor solutions for the middle-market's unique needs.

Innovation

Innovation is how AvidXchange stays ahead in the fast-moving FinTech space. They're not just automating; they're leveraging Artificial Intelligence (AI) to make the process smarter. The company's investment in Research and Development (R&D) was $64.8 million in 2024, which is a substantial commitment for a company of its size. This investment paid off in April 2025 with the launch of new generative-AI 'agents.'

Here's the quick math on how this innovation translates: the new AI Approval Agent analyzes historical data to predict the likelihood of an invoice being approved, streamlining the workflow for finance teams. Plus, the AI PO Matching Agent automates the tedious, error-prone process of matching line-item details from invoices to purchase orders. They also anticipate launching a new spend management platform in the second half of 2025, which will further expand their innovative offering beyond core AP.

Integrity

In financial technology, Integrity is non-negotiable; it's the bedrock of trust, especially when dealing with sensitive transaction data. The company's platform must not only be efficient but also a fortress against fraud, which is a top concern for finance leaders in 2025. AvidXchange addresses this by building security directly into the product and its corporate structure.

For example, their platform includes robust fraud control measures like native payment controls with alerts for anomalies and detailed audit trails that track every single action. This level of transparency is critical for compliance and trust. Furthermore, the launch of the AvidXchange Trust Center in late 2024 was a proactive step to clearly communicate their security posture and policies to customers and suppliers, fostering reliability with the 1.3 million suppliers who have engaged with the platform over the last five years.

Teamwork

Teamwork is the internal engine that powers the external product. AvidXchange frames its culture around three core mindsets: Connected as People, Growth Minded, and Customer Obsessed. With over 1,600 teammates working across the U.S. and remotely, fostering this connection is a strategic imperative. The emphasis on Teamwork ensures that cross-functional teams-like product development, sales, and customer care-collaborate effectively to deliver a seamless solution, not a collection of disconnected features. This mindset is what allows them to integrate with over 265 accounting and Enterprise Resource Planning (ERP) systems, a feat that requires immense internal coordination.

Accountability

Accountability is the value that ensures promises are kept, both to customers and shareholders. It's about taking ownership of actions and outcomes. In the context of AP automation, this means providing the tools for customers to enforce their own internal controls and compliance (like Sarbanes-Oxley or SOX). The platform's configurable approval workflows and detailed, unchangeable audit trails directly support this value.

The AI Approval Agent, while innovative, is also an accountability tool because it provides transparency into its recommendations, allowing the human approver to remain in control and fully accountable for the final decision. This combination of automation and human oversight is what allows middle-market businesses to process their 39.8 million transactions (Q1 and Q2 2025) with confidence and a clear chain of ownership.