{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-24-055050","form_type":"8-K","ticker":null,"cik":"0001858257","company_name":"AvidXchange Holdings, Inc.","filed_at":"2024-05-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.924687+00:00","generated_at":"2026-06-02T13:30:32.334088+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"AvidXchange Q1 revenue up 21.6%, net loss narrows to $1M, adjusted EBITDA $17.7M","bullets":["Revenue $105.6M (+21.6% YoY); GAAP net loss narrowed to $(1.0)M from $(16.0)M.","Adjusted EBITDA surged to $17.7M from $0.4M; operating loss halved to $(4.1)M.","Non-GAAP net income of $11.3M vs prior-year non-GAAP net loss of $(3.4)M.","Cash and marketable securities $443.6M; updated 2024 outlook reflects sustained strong execution.","Interest income $13.1M (up 84% YoY); gross margin expanded to 65.5% from 60.0%."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-24-055050","json":"https://secwatch.observer/filing/0000950170-24-055050.json","markdown":"https://secwatch.observer/filing/0000950170-24-055050.md","text":"https://secwatch.observer/filing/0000950170-24-055050.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1858257/000095017024055050/0000950170-24-055050-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1858257/000095017024055050/avdx-20240508.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T13:30:32.334088+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"b6c5b2d66660a1283501c56b4b3f4dd11e5bbaed","claim":"AvidXchange Holdings, Inc. reported the first quarter ended March 31, 2024 results: revenue $105.6 million, net income $(1.0) million.","evidence_excerpt":"a long runway for growth and profits,” said Michael Praeger, Chief Executive Officer & Co-Founder of AvidXchange. First Quarter 2024 Financial Highlights: • Total revenue was $105.6 million, an increase of 21.6% year-over-year, compared with $86.8 million in the first quarter of 2023. • Revenue included interest income of $13.1 million compared with $7.1 million in","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1858257/000095017024055050/0000950170-24-055050-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the first quarter ended March 31, 2024"},{"label":"Revenue","value":"$105.6 million"},{"label":"Net income","value":"$(1.0) million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}