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, US
Websiteavalara.com
Employee Ratings4.1

Latest Updates

Employees (est.) (Dec 2018)1,592(+7%)
Job Openings90
Revenue (FY, 2019)$382.4 M(+41%)
Share Price (Sept 2020)$124.7
Cybersecurity ratingBMore

Key People/Management at Avalara

Scott McFarlane

Scott McFarlane

Co-Founder and CEO, Director
Amit Mathradas

Amit Mathradas

President and COO
Tim Gaylor

Tim Gaylor

Chief Security Officer
Danny Fields

Danny Fields

EVP Engineering and CTO
Andrea Anderson

Andrea Anderson

SVP, Customer Experience and Success
Jay Lee

Jay Lee

CMO
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Avalara Office Locations

Avalara has offices in Seattle, Durham, Green Bay, Greenwood Village and in 13 other locations
Seattle, US (HQ)
255 S King St #1800
Durham, US
512 S Mangum St #100
Green Bay, US
360 Ams Ct
Greenwood Village, US
6465 Greenwood Plaza Blvd #760
Houston, US
24 Greenway Plaza #2020
Irvine, US
18300 Von Karman Ave #450
Show all (18)

Avalara Financials and Metrics

Avalara Revenue

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Avalara's revenue was reported to be $382.42 m in FY, 2019
USD

Revenue (Q2, 2020)

116.5m

Gross profit (Q2, 2020)

83.2m

Gross profit margin (Q2, 2020), %

71.4%

Net income (Q2, 2020)

(10.1m)

EBIT (Q2, 2020)

(10.0m)

Market capitalization (22-Sept-2020)

10.5b

Closing stock price (22-Sept-2020)

124.7

Cash (30-Jun-2020)

474.4m

EV

10.1b
Avalara's current market capitalization is $10.5 b.
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

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

Revenue growth, %

36%27%

Cost of goods sold

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

Gross profit

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

Revenue

61.4m63.7m69.5m85.0m91.3m98.5m111.4m116.5m

Cost of goods sold

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

Gross profit

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

Gross profit Margin, %

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

Cash

20.2m14.1m142.3m467.0m

Accounts Receivable

26.7m26.6m40.3m51.6m

Prepaid Expenses

4.4m7.0m11.3m14.1m

Current Assets

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

Cash

12.6m173.1m138.1m146.9m441.6m446.6m450.5m474.4m

Accounts Receivable

32.9m28.7m34.7m45.4m43.4m49.1m53.8m59.8m

Prepaid Expenses

9.4m6.4m10.4m13.3m11.2m13.9m18.9m17.6m

Current Assets

86.9m226.2m194.6m232.2m528.7m535.3m561.6m584.4m
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Net Income

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

Depreciation and Amortization

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

Accounts Payable

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

Cash From Operating Activities

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

Net Income

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

Depreciation and Amortization

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

Accounts Payable

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

Cash From Operating Activities

(13.4m)(11.3m)(10.1m)(10.4m)(421.0k)5.4m(24.3m)(16.1m)
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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

1.20 k

UPCs

10 m15 m

Customers

20 k

Integrations

580 600
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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 Cybersecurity Score

Cybersecurity ratingPremium dataset

B

85/100

SecurityScorecard logo

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 Online and Social Media Presence

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Avalara News and Updates

Tax Software Market May See a Big Move | Major Giants Avalara, Vertex, EGov Systems

Tax Software Comprehensive Study by Application (Individuals, Commercial Enterprises), Deployment (Cloud, On-Premise), Tax (Sales Tax, Income Tax, Others (VAT, Service Tax, Estate Tax)), Component (Tax Software, Services) Players and Region - Global Market Outlook to 2025 Posted via Industry Today. …

Avalara plans product for small business sales tax returns

Avalara Returns for Small Businesses arrives at the two-year mark of the Supreme Court Wayfair decision, which allows states to now collect sales tax from remote sellers.

Accounting Seed Iris Release Brings New Salesforce Connection and MTD with Avalara

COLUMBIA, Md., July 1, 2020 /PRNewswire/ -- Accounting Seed, the most popular accounting platform powered by Salesforce since 2011, launched a new product release, Iris, offering new technology for nonprofits, the U.K. market, and more. With the Iris release, Accounting Seed is now the...

Tech news: Avalara intros consumer use tax tool, and more

New tech helps clients set up webinars, asses consumer use tax, and more.

Avalara adds 17 new app integrations

The new apps include accounting, enterprise resource planning, e-commerce, point-of-sale, mobile commerce and customer relationship management software applications.

Open Systems, Inc. Announces New Strategic Integrations with Avalara

SHAKOPEE, Minn., Nov. 7, 2019 /PRNewswire/ -- Open Systems, Inc., leading business management software solution company, today announced new strategic integrations with Avalara, a leading provider of tax compliance automation software, for its latest releases of the ProcessPro and...
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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, Amit Mathradas and Tim Gaylor.

  • How many employees does Avalara have?

    Avalara has 1,592 employees.

  • What is Avalara revenue?

    Latest Avalara annual revenue is $382.4 m.

  • What is Avalara revenue per employee?

    Latest Avalara revenue per employee is $240.2 k.

  • Who are Avalara competitors?

    Competitors of Avalara include TaxCloud, AccurateTax and Tax Systems.

  • Where is Avalara headquarters?

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

  • Where are Avalara offices?

    Avalara has offices in Seattle, Durham, Green Bay, Greenwood Village and in 13 other locations.

  • How many offices does Avalara have?

    Avalara has 18 offices.