OverviewSuggest Edit

Avalara is a company developing automated tax compliance software. It utilizes automation of statutory transactional tax compliance to provide tax management tools and help companies to achieve compliance with transactional taxes, including VAT, sales and use, excise, communications, and other tax types.

TypePublic
Founded2004
HQSeattle, WA, US
Websiteavalara.com
Employee Ratings3.9
Overall CultureC+

Latest Updates

Employees (est.) (Dec 2020)3,351(+29%)
Job Openings315
Revenue (FY, 2020)$500.6 M(+31%)
Share Price (Jul 2021)$146.5(-3%)
Cybersecurity ratingAMore

Key People/Management at Avalara

Scott McFarlane

Scott McFarlane

Co-founder and Chief Executive Officer, Director
Ruth Schonfeld

Ruth Schonfeld

Director of Business Intelligence
Amit Mathradas

Amit Mathradas

President and Chief Operating Officer
Ross Tennenbaum

Ross Tennenbaum

Chief Financial Officer
Alesia Pinney

Alesia Pinney

EVP and Chief Legal Officer
Tim Gaylor

Tim Gaylor

EVP and Chief Security Officer
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Avalara Office Locations

Avalara has offices in Seattle, Greenwood Village, Grimbergen and Brighton
Seattle, WA, US (HQ)
255 S King St #1800
Greenwood Village, CO, US
6465 Greenwood Plaza Blvd #760
Grimbergen, BE
6 Onze-Lieve-Vrouwstraat
Brighton, GB
Lanchester House 3rd Floor Trafalgar Place
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Avalara Financials and Metrics

Avalara Revenue

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Avalara's revenue was reported to be $500.57 m in FY, 2020
USD

Revenue (Q1, 2021)

153.6m

Gross profit (Q1, 2021)

108.9m

Gross profit margin (Q1, 2021), %

70.9%

Net income (Q1, 2021)

(30.0m)

EBIT (Q1, 2021)

(25.4m)

Market capitalization (15-Jul-2021)

12.6b

Closing stock price (15-Jul-2021)

146.5

Cash (31-Mar-2021)

638.8m

EV

12.0b
Avalara's current market capitalization is $12.6 b.
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Revenue

123.2m167.4m213.2m272.1m382.4m500.6m

Revenue growth, %

36%27%

Cost of goods sold

40.5m48.5m58.0m78.6m115.3m143.1m

Gross profit

82.7m118.9m155.2m193.4m267.1m357.5m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Revenue

61.4m63.7m69.5m85.0m91.3m98.5m111.4m116.5m127.9m153.6m

Cost of goods sold

17.5m18.6m20.2m25.3m27.3m29.8m34.3m33.3m34.9m44.7m

Gross profit

43.9m45.1m49.3m59.7m64.0m68.7m77.2m83.2m92.9m108.9m

Gross profit Margin, %

71%71%71%70%70%70%69%71%73%71%
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Cash

20.2m14.1m142.3m467.0m673.6m

Accounts Receivable

26.7m26.6m40.3m51.6m75.9m

Prepaid Expenses

4.4m7.0m11.3m14.1m20.1m

Current Assets

62.4m61.1m207.3m566.8m832.9m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Cash

12.6m173.1m138.1m146.9m441.6m446.6m450.5m1.1b638.8m

Accounts Receivable

32.9m28.7m34.7m45.4m43.4m49.1m53.8m63.1m90.1m

Prepaid Expenses

9.4m6.4m10.4m13.3m11.2m13.9m18.9m18.3m29.6m

Current Assets

86.9m226.2m194.6m232.2m528.7m535.3m561.6m1.2b837.1m
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020

Net Income

(77.8m)(57.9m)(64.1m)(75.5m)

Depreciation and Amortization

9.1m10.4m10.9m12.8m15.8m20.2m

Accounts Payable

2.9m2.9m(112.0k)(4.4m)5.8m8.0m

Cash From Operating Activities

(47.0m)(21.7m)(3.5m)(3.1m)22.4m42.6m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021

Net Income

(15.2m)(33.0m)(57.1m)(9.2m)(22.4m)(34.8m)(15.3m)(25.4m)(38.2m)(30.0m)

Depreciation and Amortization

3.0m6.0m9.4m3.7m7.7m11.7m4.1m8.0m11.9m7.1m

Accounts Payable

(1.7m)(2.2m)(3.4m)3.6m2.5m4.8m3.7m2.9m4.7m(1.9m)

Cash From Operating Activities

(13.4m)(11.3m)(10.1m)(10.4m)(421.0k)5.4m(24.3m)(16.1m)11.8m(28.2m)
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Avalara Operating Metrics

Avalara's Customers was reported to be 20 k in Apr, 2017.
Jan, 2013Y, 2016Apr, 2017Aug, 2017Dec, 2017

Average Tax Calculations per Second

1.2 k

UPCs

10 m15 m

Customers

20 k

Integrations

580600
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Avalara Acquisitions / Subsidiaries

Company NameDateDeal Size
VAT ApplicationsJune 16, 2015
EZtaxJune 02, 2015
HotSpot TaxMarch 04, 2015
VATliveDecember 12, 2014

Avalara Revenue Breakdown

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Avalara revenue breakdown by business segment: 84.3% from Subscription and returns and 15.7% from Professional services and other

Avalara Cybersecurity Score

Cybersecurity ratingPremium dataset

A

92/100

SecurityScorecard logo

Avalara Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Avalara Online and Social Media Presence

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Avalara Company Culture

  • Overall Culture

    C+

    67/100

  • CEO Rating

    A-

    74/100

  • Compensation

    C

    65/100

  • Diversity

    B+

    78/100

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Avalara News and Updates

Volusion Partners with Avalara to Automate Tax Compliance

AUSTIN, Texas, July 9, 2021 /PRNewswire/ -- Volusion, an Austin-based provider of ecommerce services for online businesses, announced Wednesday that they have partnered with Avalara (NYSE: AVLR), a leading provider of tax compliance automation for businesses of all sizes. Volusion's...

Avalara debuts managed sales tax product for accountants

Avalara Managed Returns for Accountants automates sales tax preparation and filing, providing clients with a fully managed returns service.
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Avalara Frequently Asked Questions

  • When was Avalara founded?

    Avalara was founded in 2004.

  • Who are Avalara key executives?

    Avalara's key executives are Scott McFarlane, Ruth Schonfeld and Amit Mathradas.

  • How many employees does Avalara have?

    Avalara has 3,351 employees.

  • What is Avalara revenue?

    Latest Avalara annual revenue is $500.6 m.

  • What is Avalara revenue per employee?

    Latest Avalara revenue per employee is $149.4 k.

  • Who are Avalara competitors?

    Competitors of Avalara include PowerPlan, TaxJar and H&R Block.

  • Where is Avalara headquarters?

    Avalara headquarters is located at 255 S King St #1800, Seattle.

  • Where are Avalara offices?

    Avalara has offices in Seattle, Greenwood Village, Grimbergen and Brighton.

  • How many offices does Avalara have?

    Avalara has 4 offices.