On this page of Benford's Law Stocks.com we present our study of AvidXchange Holdings Inc. — ticker symbol AVDX. SEC filings have been screened by our Benford's Law software, for quarterly 10Q and annual 10K filings from 11/17/2021 to 11/8/2024 for AvidXchange Holdings Inc. under CIK number 0001858257. For filings made in XBRL (eXtensible Business Reporting Language) format, our algorithm extracts all "tagged" numbers presented by the company; for any non-XBRL filings our algorithm uses its own interal set of rules to extract what it believes to be numbers as found throughout the filings. The format found for each filing is presented below together with the results for AVDX, with the percentage of found numbers beginning with each digit (1's, 2's, 3's, 4's, 5's, 6's, 7's, 8's, and 9's) charted against the "normal" range observed throughout our coverage universe, as well as the "normal" range for AvidXchange Holdings Inc. based on the past AVDX filings our system processed in the past.
Benford Chart for AVDX 10Q Filed 11/8/2024
32.9
21.8
10.7
9.5
4.7
5.6
5.6
4.7
4.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
XBRL? ✓  [ original filing, AVDX stockholder letter ]
Total numbers found: 738
Recent share count: 207,845,629 (2's column)

■ = Typical range across full coverage universe
# of Numbers Found in Filing
Benford's Law Stocks Indicator
738
Normal-to-low count compared to other filers, above the bottom quartile. At this number count, it would take about 7 numbers to move any given column by a full percentage point.
Benford's Law Stocks Score for AVDX = 94
94

Starting from a possible score of 100, we made the following score deductions:
 • We deducted points upon observing the 2's percentage was above the typical coverage universe range.
 • We deducted point upon observing the 2's percentage was above the company's typical historical range.
 • We deducted points upon observing the 5's percentage was below the typical coverage universe range.
 • We deducted point upon observing the 5's percentage was below the company's typical historical range.
 • The 6's percentage was higher than the 5's percentage, increasing the penalty multiplier.
AVDX's Score Vs. Typical Stock
Benford's Law Stocks Indicator
AVDX
High score compared to other filers, with AVDX falling in the highest quartile of filers.
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Check our work! We provide our AvidXchange Holdings Inc. Benford's Law analysis for informational purposes only, and our software should be expected to make mistakes and contain errors (nothing you see on this website should be relied upon for any decision-making without first repeating the analysis yourself independently), and so below we present to you all of the numbers our system detected, for the AVDX filing above. This way, you can open the filing on your own and compare what you see below against what you yourself find. This can also be helpful for exploring any columns in particular that caught your eye.

1's 2's 3's
We found 243 numbers that start with the digit 1. Here they are:
1,154,280
1,578,656
1,664
1,333
13,965
12,678
12,070
1,631,306
100,985
1,279
1,628
165,921
165,921
15,991
16,777
1,154,280
1,578,656
13,076
12,851
171
1,659
1,525
1,237,450
1,672,876
12,395
14,742
1,328,251
1,827,292
1,600,000,000
1,695,279
1,678,401
1,018,686
1,022,160
112,772
18,735
162
18,378
14,820
10,106
1,672
134
1,678,401
1,022,160
1,737,736
10,766
10,766
193
193
1,009
1,009
1,692,526
1,023,169
1,028,744
1
1
167,351
1,220
1,220
12,117
12,117
1,708,289
1,022,733
1
1
11,623
11,623
1,695,279
1,018,686
199,433,998
199
1,632,080
123,168
1,471,826
1
1
15,990
15,990
1,641,376
1
1
193,164
1,178
1,178
10,869
10,869
152
152
18,771
18,771
1,653,911
1,009,596
1
1
11,043
11,043
186
186
1,665,887
1,017,687
1,081
1,192
1,509
162
158
10,398
1,215
1,369
14
1,650
10,991
120,996
1,505
1,001
12,939
11,898
1,309
1,219
1,452
1,220
1,178
1,529
100
100
1,985,630
1,634,387
1,469,604
1,566,148
14
18
12
1,157
1,115,745
1,568,280
10,376
1,154,280
1,578,656
1,866
190,894
1,411
1,276
112,772
16,261
1,656
1,333
1,016
1,127
1,593
1,889
1,664
1,539
1,584
1,872
1
1,701
1,866
1,313
15,073
15,031
1,615
1,550
1,528
1,564
186,582
10,114,472
10,114,472
168,002
168,002
1,218,573
18,535,242
18,535,242
1,205,661
1,866
1,866
1,866
10
1
14
14
14
12,939
11,898
13,310
11,194
114,248
1,842
12,714
172,460
101,471
15,613
148,911
162
130
1,494
1,472
1,682
1,668
1,694
1,352
1,658
1,647
1,183
1,290
109
13,900
13,900
13,900
1,090
1
1.0
1.5
1.0
10,000
1,081
1,832
1,090
106
13,900
1,600,000,000
1,600,000,000
10,127,567
100,000
10,204,201
12.34
182,723
11.95
12.21
10,127,567
10.60
1,615
1,109
1,364
1,212
16,666
15,214
11,623
11,043
186
1,918
1.7
16.3
187,544
15
1,343
We found 161 numbers that start with the digit 2. Here they are:
205,725,969
2,098,778
27,678
27,663
2,005,049
2,483,737
275
2,291
205,517,689
204,084,024
205
204
2,005,049
2,483,737
276,656
21,102
25,125
24,754
25,769
25,002
27,607
26,515
237,269
233,422
2,614
21
21
207,235,954
202,526,844
206,389,565
201,338,550
209,015,661
202,526,844
209,721,858
201,338,550
204,084,024
204
2
2
206,315,368
206
2,225
2,225
202
202
207,819,898
207
200
200
25,059
25,062
227
227
205,517,689
205
2
270
270
201,028,992
201
202,113,613
202
202,896,081
203
27,607
26,515
2,985
2,118
267
2,221
2,122
27,588
262,994
277,428
226
223
25,062
212
25
22
21
24
29
21,925
2,823
2,429
2,398
28,919
230,082
2,627
276,656
22,825
25,471
27,593
2,120
2,733
2,142
2,089
200
2,849
210
2,000
20,252
20,403
285,127
207,235,954
202,526,844
206,389,565
201,338,550
2,067,965
209,015,661
202,526,844
209,721,858
201,338,550
21
21
2,823
2,823
2,823
2,429
2,429
2,429
2,429
226,715
226,715
226,715
228,581
2,398
2,398
2,398
2,398
22,706
22,706
22,715
22,391
26,283
28,703
246,493
26,816
2,456
2,739
233,716
23,549
22,064
223
292
257
206
2,666
2,464
2.0
2.5
25
26,812,935
25,062
26,812,935
2,040,840
2,944
2,976
227
258,883
We found 79 numbers that start with the digit 3. Here they are:
315,324
3,957
3,275
323,502
30,429
30,767
3,428
3,223
339
3,474
3,168
3,168
308,435
36,385
3,104,312
3
366
366
337
337
3,474
310
326
35,128
31,181
3,322
378
31,861
362
3,270
3,889
393
31
38
3,037
38,535
30,664
3,154
323,502
33,277
30,428
3,351
309
375
35,325
35,434
3,016
3,045
3,474
3,474
3
33,578
3,910
33,077
3,257
3,738
37,601
34,911
30,178
362
361
35,000
35
3.00
3.00
3.50
3
310
326
3,104,312
31,135
346,935
3,532,198
3,437
3,915
3,747
34,506
30,573
302
4's 5's 6's
We found 70 numbers that start with the digit 4. Here they are:
406,974
44,645
4,738
4,231
46,689
47,473
4,800
4,152
4,175
4,714
4,478
4,149
42,513
431
4,047
42,852
493,608
436
436
42,852
4,091
4,679
40,008
43,482
435
424,376
4,448
4,386
41
46,689
484
4,858
4,489
4,623
4,718
402,042
471,709
4,047
42,852
4,047
42,852
40,514
4
44,645
44,645
44,631
44,645
44,645
44,631
4
4,852
4,165
4,443
4,352
43,809
45,791
4,491
45,791
435
4,448
4,386
4,966
4,934
426
4,800
4,800
4,300
4,399
45,000
45,000
We found 35 numbers that start with the digit 5. Here they are:
56,102
56,367
50,000,000
58,946
5,837
5,100
500
51,656
5,593
57,607
507,852
57,474
516,026
56,102
58,667
56,251
56,251
56,321
5,009
536
562
538
5
5
50,000,000
52,312,253
52,312,253
50,000
5,471
5,149,863
5,418
5,478,481
5,700
5,746
5,535
We found 41 numbers that start with the digit 6. Here they are:
6,399
6,425
62,863
62,464
69,760
676,798
656,445
60,799
675
656,445
669,563
685,763
676,798
657,444
650,752
644,517
691,115
648,403
608
6,222
63,375
68,239
6,269
68,485
6,611
6,613
60,510
60,510
60,510
63,333
6,194
6,194
63,375
6,425
69,760
604
6.75
62
6.68
622
608
7's 8's 9's
We found 41 numbers that start with the digit 7. Here they are:
78,957
74,033
76,037
72,616
72,664
75,345
77,542
7,957
765,718
792,242
748
748
785
786
743
7
797
787,733
73
78,957
78,957
79,036
72,512
7,748
74,033
74,655
72,512
7,748
7,856
7,533
73
7,782
77,275
7,422,922
7,948,829
75,000
7,948,829
77,950
7,422,922
737,740
7.16
We found 35 numbers that start with the digit 8. Here they are:
84,805
81,088
8,091
8,661
8,661
8,091
8,091
851
81
83,135
80,697
8,733
8,264
8,422
8,252,768
8,252,768
816,531
8,091
8,091
83
87,965
84,805
81
8,100
8,175,088
8.64
838,428
8.57
8.77
8,809
8,919,024
8.98
8,175
8
8.42
We found 33 numbers that start with the digit 9. Here they are:
9,744
98,433
9,100
98,680
91,188
90,461
9,092
9,051
9,274
9,104
974,835
990,825
99,215
91,353
9,759
90,006
939
90,266
98,680
945
932
92
9,496
951,460
99
9,100
98
9.00
9.15
9.83
92,158
9,526
9.6
While the above AVDX 10Q Filed 11/8/2024 is interesting in isolation, we have found that it is also useful to take a look at older AvidXchange Holdings Inc. filings processed by our Benford's Law Stocks algorithm, to see how the company's filings "typically look" on a Benford's Law analysis. Below we repeat the 10Q Filed 11/8/2024 but instead of the chart comparing against the typical company across our coverage universe, below we show the same chart compared against the typical AVDX 10Q and 10K filings that we have processed historically. This is followed by similar charts for each of those historical filings.

10Q Filed 11/8/2024
32.9
21.8
10.7
9.5
4.7
5.6
5.6
4.7
4.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 94
XBRL? ✓  [ original filing ]
Total numbers found: 738

■ = Typical AVDX range from 11/17/2021 to 11/8/2024
10K Filed 2/29/2024
33.5
15.8
11.0
11.1
6.5
7.0
5.9
5.6
3.5
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 89
XBRL? ✓  [ original filing ]
Total numbers found: 1,086

■ = Typical AVDX range from 11/17/2021 to 11/8/2024
10Q Filed 5/10/2023
36.4
18.7
9.2
5.7
6.1
7.9
6.1
6.1
3.8
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 83
XBRL? ✓  [ original filing ]
Total numbers found: 557

■ = Typical AVDX range from 11/17/2021 to 11/8/2024
10Q Filed 8/5/2022
30.4
19.0
7.5
10.7
11.0
7.7
4.9
4.8
3.9
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 81
XBRL? ✓  [ original filing ]
Total numbers found: 710

■ = Typical AVDX range from 11/17/2021 to 11/8/2024
10Q Filed 11/17/2021
29.5
14.0
11.4
10.9
11.5
5.5
5.1
7.4
4.6
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 66
XBRL? ✓  [ original filing ]
Total numbers found: 1,011

■ = Typical AVDX range from 11/17/2021 to 11/8/2024
10Q Filed 8/2/2024
33.9
22.8
10.5
6.3
7.2
6.7
4.7
4.7
3.2
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 94
XBRL? ✓  [ original filing ]
Total numbers found: 697

■ = Typical AVDX range from 11/17/2021 to 11/8/2024
10Q Filed 11/9/2023
35.1
19.1
10.2
6.8
3.9
7.3
6.6
6.9
4.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 78
XBRL? ✓  [ original filing ]
Total numbers found: 752

■ = Typical AVDX range from 11/17/2021 to 11/8/2024
10K Filed 3/1/2023
35.3
16.5
10.1
9.5
6.7
6.4
6.8
4.3
4.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 89
XBRL? ✓  [ original filing ]
Total numbers found: 1,109

■ = Typical AVDX range from 11/17/2021 to 11/8/2024
10Q Filed 5/6/2022
29.7
18.6
7.4
7.7
10.2
6.7
9.4
5.9
4.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 51
XBRL? ✓  [ original filing ]
Total numbers found: 596

■ = Typical AVDX range from 11/17/2021 to 11/8/2024
10Q Filed 5/9/2024
35.4
20.4
10.9
7.9
5.2
6.4
5.2
5.4
3.2
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 88
XBRL? ✓  [ original filing ]
Total numbers found: 534

■ = Typical AVDX range from 11/17/2021 to 11/8/2024
10Q Filed 8/4/2023
36.1
19.0
10.1
6.4
6.6
7.2
5.1
5.3
4.2
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 82
XBRL? ✓  [ original filing ]
Total numbers found: 722

■ = Typical AVDX range from 11/17/2021 to 11/8/2024
10Q Filed 11/3/2022
32.6
16.5
9.0
8.6
9.0
7.3
6.3
6.3
4.4
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 97
XBRL? ✓  [ original filing ]
Total numbers found: 777

■ = Typical AVDX range from 11/17/2021 to 11/8/2024
10K Filed 3/11/2022
32.2
17.2
9.2
10.2
8.5
5.9
5.9
4.7
6.0
 
%1 %2 %3 %4 %5 %6 %7 %8 %9
Benford's Law Stocks Score: 77
XBRL? ✓  [ original filing ]
Total numbers found: 1,114

■ = Typical AVDX range from 11/17/2021 to 11/8/2024
SPWH 10Q Filed 12/11/2024:
66
VGES 10Q Filed 12/11/2024:
77
RFL 10Q Filed 12/11/2024:
81
ROST 10Q Filed 12/10/2024:
77
REVG 10K Filed 12/11/2024:
89
FNVTU 10Q Filed 12/10/2024:
63
CDMO 10Q Filed 12/10/2024:
65
GIII 10Q Filed 12/10/2024:
84
PLAY 10Q Filed 12/10/2024:
67
OLLI 10Q Filed 12/10/2024:
47
UNFI 10Q Filed 12/10/2024:
77
DBI 10Q Filed 12/10/2024:
72
DELL 10Q Filed 12/10/2024:
72
IOT 10Q Filed 12/10/2024:
85
GME 10Q Filed 12/10/2024:
89
IDT 10Q Filed 12/10/2024:
82
ORCL 10Q Filed 12/10/2024:
85
URBN 10Q Filed 12/10/2024:
89
SKIL 10Q Filed 12/10/2024:
81
MDB 10Q Filed 12/10/2024:
89
ONEW 10K Filed 12/10/2024:
99
ASO 10Q Filed 12/10/2024:
70
FERG 10Q Filed 12/10/2024:
87
DOMO 10Q Filed 12/9/2024:
87
ONCO 10Q Filed 12/9/2024:
93
AI 10Q Filed 12/9/2024:
74
LAKE 10Q Filed 12/9/2024:
88
OOMA 10Q Filed 12/9/2024:
92
BRZE 10Q Filed 12/9/2024:
93
PHR 10Q Filed 12/9/2024:
90
GFMH 10Q Filed 12/9/2024:
48
PL 10Q Filed 12/9/2024:
96
ZUO 10Q Filed 12/9/2024:
90
CASY 10Q Filed 12/9/2024:
87
VSCO 10Q Filed 12/9/2024:
71
YEXT 10Q Filed 12/9/2024:
94
ODC 10Q Filed 12/9/2024:
97
MTN 10Q Filed 12/9/2024:
74
VEEV 10Q Filed 12/9/2024:
100
HQY 10Q Filed 12/9/2024:
77
 

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