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 value-added tax (VAT), sales and use, excise, communications, and other tax types.
TypePublic
Founded2004
HQSeattle, WA, US
Websiteavalara.com
Employee Ratings4
Overall CultureC+

Latest Updates

Employees (est.) (Dec 2021)4,465(+34%)
Job Openings387
Revenue (FY, 2021)$699 M(+40%)
Share Price (May 2022)$80.4(+9%)
Cybersecurity ratingBMore
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Key People/Management at Avalara

Scott McFarlane

Scott McFarlane

Co-Founder and Chief Executive Officer, Director
Amit Mathradas

Amit Mathradas

President and Chief Operating Officer
Ross Tennenbaum

Ross Tennenbaum

Chief Financial Officer
Danny Fields

Danny Fields

EVP and Chief Technology Officer
Tim Gaylor

Tim Gaylor

EVP and Chief Security Officer
Sanjay Parthasarathy

Sanjay Parthasarathy

EVP and Chief Product Officer
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Avalara Office Locations

Avalara has offices in Seattle, Carrollton, Durham, Greenwood Village and in 20 other locations
Seattle, WA, US (HQ)
255 S King St #1800
Carrollton, TX, US
4100 Midway Rd Suite 2010
Durham, NC, US
512 S Mangum St #100
Greenwood Village, CO, US
6465 Greenwood Plaza Blvd #760
McMinnville, OR, US
3850 NE Three Mile Ln
Monsey, NY, US
21 Robert Pitt Dr #310
Show all (25)

Avalara Financials and Metrics

Avalara Revenue

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Avalara's revenue was reported to be $698.98 m in FY, 2021
USD

Revenue (FY, 2021)

699.0m

Gross profit (FY, 2021)

494.1m

Gross profit margin (FY, 2021), %

70.7%

Net income (FY, 2021)

(125.2m)

EBIT (FY, 2021)

(106.6m)

Market capitalization (13-May-2022)

7.0b

Closing stock price (13-May-2022)

80.4

Cash (31-Dec-2021)

125.2m

EV

6.9b
Avalara's current market capitalization is $7 b.
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021

Revenue

272.1m382.4m500.6m699.0m

Revenue growth, %

41%31%

Cost of goods sold

78.6m115.3m143.1m204.8m

Gross profit

193.4m267.1m357.5m494.1m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Revenue

85.0m91.3m98.5m111.4m116.5m127.9m153.6m169.1m181.2m

Cost of goods sold

25.3m27.3m29.8m34.3m33.3m34.9m44.7m48.7m53.0m

Gross profit

59.7m64.0m68.7m77.2m83.2m92.9m108.9m120.4m128.1m

Gross profit Margin, %

70%70%70%69%71%73%71%71%71%
Annual
USDFY, 2016FY, 2017FY, 2018FY, 2019FY, 2020FY, 2021

Cash

20.2m14.1m142.3m467.0m673.6m125.2m

Accounts Receivable

26.7m26.6m40.3m51.6m75.9m114.2m

Prepaid Expenses

4.4m7.0m

Current Assets

62.4m61.1m207.3m566.8m832.9m1.8b
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Cash

12.6m173.1m138.1m146.9m441.6m446.6m450.5m474.4m1.1b638.8m639.5m1.5b

Accounts Receivable

32.9m28.7m34.7m45.4m43.4m49.1m53.8m59.8m63.1m90.1m85.5m96.3m

Prepaid Expenses

9.4m6.4m10.4m

Current Assets

86.9m226.2m194.6m232.2m528.7m535.3m561.6m584.4m1.2b837.1m852.2m1.8b
Annual
USDFY, 2015FY, 2016FY, 2017FY, 2018FY, 2019FY, 2020FY, 2021

Net Income

(77.8m)(57.9m)(64.1m)(75.5m)(50.2m)(49.2m)(125.2m)

Depreciation and Amortization

9.1m10.4m10.9m12.8m15.8m20.2m36.5m

Accounts Payable

2.9m2.9m(112.0k)(4.4m)5.8m8.0m(4.2m)

Cash From Operating Activities

(47.0m)(21.7m)(3.5m)(3.1m)22.4m42.6m34.1m
Quarterly
USDQ1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Net Income

(15.2m)(33.0m)(57.1m)(9.2m)(22.4m)(34.8m)(15.3m)(25.4m)(38.2m)(30.0m)(57.6m)(90.2m)

Depreciation and Amortization

3.0m6.0m9.4m3.7m7.7m11.7m4.1m8.0m11.9m7.1m16.1m25.7m

Accounts Payable

(1.7m)(2.2m)(3.4m)3.6m2.5m4.8m3.7m2.9m4.7m(1.9m)(2.9m)(2.3m)

Cash From Operating Activities

(13.4m)(11.3m)(10.1m)(10.4m)(421.0k)5.4m(24.3m)(16.1m)11.8m(28.2m)(2.7m)8.7m
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Avalara Operating Metrics

Avalara's Customers was reported to be 18 in FY, 2021.
FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020Q2, 2020Q3, 2020FY, 2020Q1, 2021Q2, 2021Q3, 2021FY, 2021

Customers

9.07 k9.7 k10.43 k11.24 k11.96 k12.71 k13.3 k14.18 k14.89 k15.58 k16.41 k17.23 k18

Integrations

700

Facility Space, sq. ft.

114.51 k133.55 k133.55 k
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Avalara Acquisitions / Subsidiaries

Company NameDateDeal Size
3CE TechnologiesNovember 03, 2021
CrowdReason, LLCOctober 18, 2021
Track1099October 01, 2021
DAVO TechnologiesApril 20, 2021
INPOSIADecember 29, 2020
Impendulo LimitedDecember 02, 2020
Business LicensesNovember 05, 2020$97 m
TTR (Transaction Tax Resources)October 05, 2020$377 m
Portway InternationalAugust 01, 2019
IndixFebruary 06, 2019
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Avalara Revenue Breakdown

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Avalara revenue breakdown by business segment: 99.3% from Subscription and returns and 0.7% from Other

Avalara Cybersecurity Score

Cybersecurity ratingPremium dataset

B

88/100

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

Embed Graph

Avalara Company Culture

  • Overall Culture

    C+

    69/100

  • CEO Rating

    A

    78/100

  • Compensation

    C+

    66/100

  • Diversity

    B+

    79/100

Learn more on Comparably

Avalara News and Updates

Worldwide Tax Management Industry to 2030 - Featuring Avalara, Thomson Reuters and HRB Digital Among Others

Dublin, April 14, 2022 (GLOBE NEWSWIRE) -- The "Tax Management Market by Component, Tax Type and Deployment mode Organization Size, Industry Vertical: Global Opportunity Analysis and Industry Forecast, 2021-2030" report has been added to ResearchAndMarkets.com's offering. Taxes are an important pa…

AVALARA OFFERS LOW-CODE STUDIO

Avalara has introduced a low-code studio to make it easier for developers to build integration with the company’s products.

Ep 95 - Automating Your STR Tax Compliance with Avalara's Pam Knudsen

Pam Knudsen is an executive at Avalara, leading multi-tax teams including Lodging, Beverage Alcohol, Telecommunications, and Sales & Use Tax. She serves as a leading voice in vacation rental tax compliance and regulation, in addition to bringing in-depth experience across software/SaaS technolog…

Leaders: how to know if you need to be a builder or an optimizer

Understanding the needs of your company will help you take on the leadership style necessary to drive innovation and fuel growth appropriately. 

Avalara Adds New APIs and Developer Tools to Support Its Headless Compliance Initiative

​Avalara, a tax compliance automation business, has announced new developer tools and APIs that are intended to simplify development on the platform and increase developer engagement. This release includes new APIs for sales tax returns and e-invoicing, as well as a new low-code developer studio.
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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 Ross Tennenbaum.

  • How many employees does Avalara have?

    Avalara has 4,465 employees.

  • What is Avalara revenue?

    Latest Avalara annual revenue is $699 m.

  • What is Avalara revenue per employee?

    Latest Avalara revenue per employee is $156.5 k.

  • Who are Avalara competitors?

    Competitors of Avalara include Sovos, PowerPlan and TaxJar.

  • Where is Avalara headquarters?

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

  • Where are Avalara offices?

    Avalara has offices in Seattle, Carrollton, Durham, Greenwood Village and in 20 other locations.

  • How many offices does Avalara have?

    Avalara has 25 offices.