08:59 AM EDT, 05/07/2025 (MT Newswires) -- AvidXchange Holdings ( AVDX ) reported Q1 adjusted earnings Wednesday of $0.05 per diluted share, unchanged from a year earlier.

Analysts polled by FactSet expected $0.06.

Revenue for the quarter ended March 31 was $107.9 million, up from $105.6 million a year earlier.

Analysts surveyed by FactSet expected $109.7 million.

The company said it is suspending its 2025 outlook due to its pending acquisition by TPG (TPG) in partnership with Corpay ( CPAY ) .

AvidXchange ( AVDX ) shares were over 18% higher in recent premarket activity Wednesday.