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Avalara (AVLR)

Avalara helps businesses of all sizes get tax compliance right. In partnership with leading ERP, accounting, ecommerce, and other financial management system providers, Avalara delivers cloud-based compliance solutions for various transaction taxes, including sales and use, VAT, GST, excise, communications, lodging, and other indirect tax types. Headquartered in Seattle, Avalara has offices across the U.S. and around the world in Brazil, Europe, and India.

Company profile

Ticker
AVLR
Exchange
Website
CEO
Scott M. McFarlane
Employees
Incorporated
Location
Fiscal year end
Former names
AVALARA INC
SEC CIK
Subsidiaries
Avalara Technologies Private Limited • Avalara EU Holdings UK Limited • Avalara Europe Ltd. • VAT Applications NV • VAT House Services NV • AvaFuel, LLC • Avalara Brasil - Assessoria e Consultoria Tributária e Tecnológica Ltda. • Avalara Canada ULC • AFTC, Inc. • AFTC Fiscal Services UK Ltd. ...

AVLR stock data

Investment data

Data from SEC filings
Securities sold
Number of investors

Calendar

8 Aug 22
25 Sep 22
31 Dec 22
Quarter (USD) Jun 22 Mar 22 Dec 21 Sep 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Cash burn rate (est.) Burn method: Change in cash Burn method: Operating income Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 1.53B 1.53B 1.53B 1.53B 1.53B 1.53B
Cash burn (monthly) 16.76M (no burn) 18.65M 13.99M (no burn) (no burn)
Cash used (since last report) 47.7M n/a 53.09M 39.83M n/a n/a
Cash remaining 1.49B n/a 1.48B 1.49B n/a n/a
Runway (months of cash) 88.6 n/a 79.4 106.7 n/a n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
12 Sep 22 McFarlane Scott M Common Stock Sell Dispose S No Yes 92.27 20,000 1.85M 583,644
12 Sep 22 McFarlane Scott M Common Stock Option exercise Acquire M No No 16.6 20,000 332K 603,644
12 Sep 22 McFarlane Scott M Stock Option Common Stock Option exercise Dispose M No No 16.6 20,000 332K 25,000
10 Aug 22 McFarlane Scott M Common Stock Sell Dispose S No Yes 91.82 20,000 1.84M 583,644
10 Aug 22 McFarlane Scott M Common Stock Option exercise Acquire M No No 16.6 20,000 332K 603,644
10 Aug 22 McFarlane Scott M Stock Option Common Stock Option exercise Dispose M No No 16.6 20,000 332K 45,000
8 Aug 22 McFarlane Scott M Common Stock Sell Dispose S No No 91.81 1,248 114.58K 583,644
8 Aug 22 Mathradas Amit Common Stock Sell Dispose S No No 91.81 766 70.33K 95,995
8 Aug 22 Daniel E. Manning Common Stock Sell Dispose S No No 91.81 70 6.43K 17,052
13F holders Current Prev Q Change
Total holders 384 399 -3.8%
Opened positions 46 69 -33.3%
Closed positions 61 82 -25.6%
Increased positions 165 162 +1.9%
Reduced positions 133 129 +3.1%
13F shares Current Prev Q Change
Total value 7.73B 14.29B -45.9%
Total shares 79.55M 78.49M +1.4%
Total puts 582K 301.5K +93.0%
Total calls 579.7K 332.8K +74.2%
Total put/call ratio 1.0 0.9 +10.8%
Largest owners Shares Value Change
Vanguard 8.01M $565.42M +5.5%
BLK Blackrock 5.74M $405.13M -15.6%
Wellington Management 4.73M $333.61M -23.3%
JHG Janus Henderson 4.41M $311.52M +6.5%
BEN Franklin Resources 3.29M $231.96M -22.1%
Kayne Anderson Rudnick Investment Management 2.83M $199.6M -1.7%
Echo Street Capital Management 2.46M $173.59M +23.1%
MTH Meritage 2.06M $145.5M +12.3%
Parnassus Investments 1.94M $136.79M +3.6%
William Blair Investment Management 1.8M $127.3M +27.6%
Largest transactions Shares Bought/sold Change
BAC Bank Of America 424.26K -1.57M -78.7%
Wellington Management 4.73M -1.43M -23.3%
Rivulet Capital 1.2M +1.2M NEW
BLK Blackrock 5.74M -1.06M -15.6%
BEN Franklin Resources 3.29M -934.22K -22.1%
RGM Capital 1.22M +929.63K +321.1%
Alliancebernstein 41.12K -899.66K -95.6%
Praesidium Investment Management 874.65K +874.65K NEW
Alkeon Capital Management 1.04M -816.81K -44.1%
Deccan Value Investors 0 -555.87K EXIT

Financial report summary

?
Risks
  • There are various risks and uncertainties associated with the proposed transaction with affiliates of Vista Equity Partners.
Management Discussion
  • The comparability of periods covered by our financial statements is impacted by recent acquisitions. In the first half of 2022, we acquired substantially all the assets of Paper Crane and the outstanding equity of one additional acquisition. During the second quarter of 2021, we acquired substantially all the assets of Davo and the outstanding equity of Inposia. During the third quarter of 2021, we acquired substantially all the assets of 3CE Technologies. During the fourth quarter of 2021, we acquired substantially all the assets of Track1099 LLC and of CrowdReason Limited Liability Company and CorrelationAdvisors LLC (see Note 4 in the Notes to Consolidated Financial Statements).

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
H.S. sophomore Avg
New words: aging, albeit, alternative, announcement, approval, assumption, attention, attrition, bad, capacity, cashflow, clear, confidential, consent, consummate, consummated, consummation, Crane, enacted, environment, fail, failure, fiduciary, geopolitical, geospatial, iii, Intermediate, iv, knowingly, labor, Lava, macroeconomic, manner, media, merged, mild, open, Paper, Parent, party, pendency, person, proposal, proposed, pursue, receipt, recommend, response, slowdown, solicit, stood, strategy, subsidiary, superior, surviving, tightening, Vista, week, write, writing
Removed: decreased, Impendulo, November, paying, precautionary, relate

Patents

Utility
Software service platform and graphical user interface (GUI) for determining and presenting rule-based conclusions
20 Sep 22
Some embodiments of the present disclosure may relate generally to software-based service platforms and graphical user interface (GUI) architectures for determining and presenting rule-based conclusions, along with explanations identifying the factor or factors influencing the conclusions.
Utility
Online service platform (OSP) generating and transmitting on behalf of primary entity to third party proposal of the primary entity while maintaining the primary entity anonymous
30 Aug 22
An online software platform (OSP) produces, by applying resource digital rules to previous relationship instance data of a primary entity data associated with one or more secondary entities of the domain, a domain resource regarding the domain.
Utility
Online software platform (OSP) querying client data about relationship instances for application of permission digital rules in addition to resource digital rules for the relationship instances
2 Aug 22
Systems and methods electronically determine whether a dataset is permitted or excluded based on permission digital rules.
Utility
Automated geospatial data analysis
21 Jun 22
Geospatial data is gathered for generation of a geodatacube encompassing data from multiple geospatial data sets for efficient processing and optimization.
Utility
Compliance document creation, modification, and provisioning
24 May 22
Techniques are provided for facilitating creation, modification, provisioning and transfer of trusted electronic compliance documents.