Apple back-to-school deals on iPads, AirPods and Apple Watches
Apple itself is also getting in on the savings. Available for students, their parents and even teachers, buying a new MacBook or iPad will score you a free accessory, including your choice between a pair of AirPods and more. That comes in addition to the year-round discount Apple offers on items sold through the Apple Store for Education. Just shop through the brand's education portal before the promotion ends on Sept. 30.
Apple AirPods Pro (2nd Gen) With USB-C
AirPods first came out when I was in college, and I wish that the original pair had the same kind of noise cancellation features that the new AirPods Pro 2 have. This new, improved pair has USB-C atop all the perks that make these a favorite among CNN editors. Today's offer takes $80 off, landing it at the third-best price of the year.Read our review
Apple AirPods Max With USB-C in Starlight
Enjoy the same top-notch active noise canceling found on Apple's Pro earbuds in an over-ear design, while the AirPods Max are $99 off. This is one of the better prices I've tracked, as the Starlight model drops to $450. It's one of the best over-ear headphones on the market, especially if you'll be rocking a Mac or iPad to school.Read our review
Apple AirPods 4
Within $10 of the all-time low, Amazon's back-to-school deal makes the AirPods 4 a notable value for those shopping on a tighter budget. These are ideal for anyone who doesn't need the pro features of higher-end models like ANC or silicone ear tips. Read our review
Apple EarPods With Lightning Connector
Even though Apple has been improving the battery life of its wireless earbuds, there's still something to be said about the ease of use for corded headphones. There's no need to worry about battery life when you can plug this pair into your iPhone with its Lightning connector plugs.
Apple AirTag
My colleague (and tech wizard) Mike Andronico just took a closer look at why AirTags are the ultimate back-to-school gadget. Useful for keeping tabs on backpacks and more, these Apple item finders offer extra peace of mind for everything from bags and keys to luggage.Read our review
Apple AirTag, 4-Pack
Save even more when you pick up a four-pack of AirTags instead. The bundle is $19 off, dropping the price of each tracker to $20. That means you can stash one in your luggage, parked car, handbag and wallet for less than buying them individually. Today's price cut comes within $15 of the best offer I have tracked on the bundle.Read our review
Tenergy 3V CR2032 Batteries, 10-Pack
If you already have an aging AirTag in your everyday carry (or worse, one that has long since run out of power), you can swap the battery for extended usage with this pack discounted at 44% off.
Apple 13-Inch MacBook Air M4
It's not every day that Apple's newest device is also its best value, but that's exactly the case with the MacBook Air M4. Apple launched its latest MacBook Air earlier in the spring, instantly earning the praise of CNN Underscored editors and readers alike. It now comes at a cheaper price, with Amazon taking $200 off. Read our review
Apple iMac M4
Apple's newest iMac is an updated version of the all-in-one desktop computer that I use every day. It comes with an improved M4 chip that allows this entry-level model to deliver higher-end performance. This one comes in three discounted styles and includes new USB-C versions of its mouse, keyboard and touchpad.Read our review
Apple Mac Mini M4
If your dorm room already has a monitor you love, but you'd still like to upgrade to a desktop, Apple's most powerful chip also comes packed into a computer that fits in the palm of your hand. When our editors tried it out for themselves, they found that Apple's newest Mac Mini is just as capable as it is compact. This week, it's down to the third-best price since shipping last fall at $50 off or more.Read our review
Apple 14-Inch MacBook Pro M4
This upgraded MacBook Pro M4 is up to $300 off for those who need extra performance from their laptops. It has a larger screen than the MacBook Air that topped the list, while also offering better GPU performance and an upgraded 512GB SSD. Today's offer is also an extra $100 below the previous offer I tracked.Read our review
Apple 14-Inch MacBook Pro M4 Pro
If you're looking to use the MacBook I swear by, you can currently save on an upgraded version of the laptop I use every single day. The 14-inch MacBook Pro features the latest Pro chip from Apple and adds that extra performance to my preferred tool of the deals editing trade for years now.
Apple 16-Inch MacBook Pro M4 Pro
If only the very best will do the trick for you, the MacBook with the largest screen and the top performance in Apple's lineup just went on sale. Take $270 off with its second-best discount of the year. It's also one of the first chances in 2025 to save on this version of the M4 Pro.
Apple iPad (11th Gen)
Apple's newest iPad also happens to be at its most affordable with this discount. Just in time for the back-to-school season, this 11th-generation iPad was just nominated as our pick for the best iPad and is down to the second-best price ever for $50 off.
Apple 11-Inch iPad Air M3
If you're serious about using an iPad as your main computer this fall semester, Apple's new Air M3 packs all the performance you'll need for taking notes, whipping up presentations and enjoying that study break Netflix session. Plus, it's still hundreds of dollars less than the iPad Pro.Read our review
Apple 13-Inch iPad Air M3
If an 11-inch screen just isn't enough for your multitasking needs, Amazon is ensuring you can go with the larger of the two new iPad Air M3 sizes without paying full price. This 13-inch model has landed at $74 off to make our best splurge tablet an even better buy ahead of the fall semester. Read our review
Apple 11-Inch iPad Pro M4
Aspiring graphic designers and other creatives will appreciate all the extra features that go into making Apple's iPad Pro the ultimate workstation. Amazon takes nearly $100 off the most powerful iPad in Apple's collection, complete with an 11-inch Ultra Retina XDR Display, P3 wide color support, M4 chip and Thunderbolt port.Read our review
Apple Pencil Pro
Apple's best stylus is currently $30 off to go alongside either of the iPad Air or iPad Pro tablets it is meant to pair with. It includes premium features like the new Squeeze gesture that opens the palette menu alongside other notable inclusions like magnetic charging support. This back-to-school sale couldn't have landed at a better time to outfit the art student in your life.
Apple 13-Inch iPad Pro M4
The larger M4 iPad Pro is also going on sale alongside the rest of these Apple back-to-school deals. It's also one of the better prices to date on this high-end machine. Read our review
Apple USB-C Pencil
It may only be a $10 discount, but this basic USB-C Apple Pencil will get the job done for taking notes in the classroom this fall. If you're going to be going the digital route for your notes, you might as well save, and this model is compatible with most modern iPads.
Apple Watch SE (2nd Gen)
I bought the first Apple Watch back in my sophomore year of college and immediately appreciated its stand reminders for taking breaks from those midterm exam cramming sessions. Now you can find out why so many CNN Underscored editors rely on Apple's fitness-tracking guidance to stay in shape and lead healthier lives with the most affordable wearable from the brand that's an even better value at $80 off.Read our review
Apple Watch Series 10
As the fitness tracker I currently rely on, the Apple Watch Series 10 improves on everything I've grown to love from a decade of use with Apple's smartwatch series. When I upgraded on launch day last fall, I opted for the shiny Jet Black aluminum design, but several other colors are also cashing in on the savings at $100 off. Read our review
Apple Watch Ultra 2
If you're going back to school as a student athlete, the Ultra 2 from Apple steps up its fitness tracking capabilities to handle just about anything. Several colors are now $150 off at Amazon and deliver prolonged battery life, an extra-large screen and everything else we praised in our evaluation. Read our review
Beats Powerbeats Pro 2
The newest Beats buds have dropped to their best price yet. A sequel years in the making to some of the most beloved workout earbuds on the market, the Powerbeats Pro 2 are $50 off for the first time. Andronico's glowing review is convincing me to ditch the Bose Ultra Open buds I use when working out in favor of these newer buds.
Beats Studio Pro
For under $200, the Beats Studio Pro are some of the best values on the headphone market. And I should know, I've tried more than my fair share of over-ears. Today's offer comes within just $10 of the Amazon Prime Day price and is nearly 50% off, so you can enjoy impressive sound quality and noise cancellation features for less this semester. Read our review
Beats Solo 4
If you can live with on-ear Beats headphones, the Solo 4 offers solid performance without as immersive a design as the Studio Pro pair above. Today's $70 discount makes them easier to recommend too. Read our review CNN Underscored's deals experts are constantly shopping for the best discounts on the web. Outside of holiday weekends, we cover weekly guides to the best price cuts from specific retailers. While these back-to-school deals might not quite be down to all-time low prices, many of them are nearing those record lows. And with the fall semester around the corner, buying a new device for a recent graduate or yourself means you can save on a classroom essential.
I'm constantly tracking price cuts across multiple online storefronts to ensure the deals are as good as the retailers say. The rest of the deals team and I dive into the price history of each product while cross-referencing reviews and guides from other CNN Underscored editors to determine if it's worth your cash.
Quite simply, our goal here at Underscored is to save you money. Our senior deals editor Rikka Altland has been doing just that for nearly a decade, and that kind of experience extends to the rest of our deals team. Being an advocate for buyers to make sure we're only recommending the best prices on the best products is what we're all about, and that focus comes across in our work.
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AvidXchange Announces Second-Quarter 2025 Financial Results
CHARLOTTE, N.C., Aug. 06, 2025 (GLOBE NEWSWIRE) -- AvidXchange Holdings, Inc. (Nasdaq: AVDX), a leading provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, today announced financial results for the second quarter ended June 30, 2025. Second Quarter 2025 Financial Highlights: Total revenue was $110.6 million, an increase of 5.2% year-over-year, compared with $105.1 million in the second quarter of 2024. Revenue included interest income of $10.6 million compared with $11.8 million in the second quarter of 2024. General and administrative expenses included transaction and deal costs of $6.4 million primarily related to the proposed plan of merger announced on May 6, 2025. GAAP net loss was $(9.5) million, compared with a GAAP net income of $0.4 million in the second quarter of 2024. Non-GAAP net income was $10.7 million, compared with $10.7 million in the second quarter of 2024. GAAP gross profit was $73.6 million, or 66.6% of total revenue, compared with $68.7 million, or 65.3% of revenue in the second quarter of 2024. Non-GAAP gross profit was $81.6 million, or 73.8% of total revenue, compared with $76.3 million, or 72.6% of revenue in the second quarter of 2024. Adjusted EBITDA was $17.4 million compared with $17.5 million in the second quarter of 2024. A reconciliation of GAAP to non-GAAP financial measures has been provided in the tables following the financial statements in this press release. An explanation of these measures is also included below under the heading "Non-GAAP Measures and Other Performance Metrics." Second Quarter 2025 Key Business Metrics and Highlights: Total transactions processed in the second quarter of 2025 were 20.1 million, an increase of 1.8% from 19.7 million in the second quarter of 2024. Total payment volume in the second quarter of 2025 was $21.5 billion, an increase of 4.1% from $20.6 billion in the second quarter of 2024. Transaction yield in the second quarter of 2025 was $5.50, an increase of 3.2% from $5.33 in the second quarter of 2024. Financial Outlook & Earnings TeleconferenceAs disclosed previously, due to its pending acquisition by TPG in partnership with Corpay, AvidXchange has suspended its previously issued financial outlook for fiscal 2025 and will not hold a teleconference to discuss its second quarter 2025 financial results. About AvidXchange™AvidXchange is a leading provider of accounts payable ('AP') automation software and payment solutions for middle market businesses and their suppliers. AvidXchange's software-as-a-service-based, end-to-end software and payment platform digitizes and automates the AP workflows for more than 8,500 businesses and it has made payments to more than 1,350,000 supplier customers of its buyers over the past five years. To learn more about how AvidXchange is transforming the way companies pay their bills, visit Forward-Looking StatementsCertain statements made in this press release constitute forward-looking statements within the meaning of the 'safe harbor' provisions of the Private Securities Litigation Reform Act of 1995. Any express or implied statements contained in this press release that are not statements of historical fact and generally relate to future events, hopes, intentions, strategies, or performance may be deemed to be forward-looking statements, including, without limitation, statements regarding AvidXchange's pending acquisition by TPG in partnership with Corpay. These forward-looking statements are based on management's current expectations and beliefs as of the date they are made. These statements are neither promises nor guarantees, but involve known and unknown risks, uncertainties and other important factors that may cause AvidXchange's actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements, including the risks discussed in AvidXchange's filings with the Securities and Exchange Commission ('SEC'), including AvidXchange's Annual Report on Form 10-K and other documents filed with the SEC, which may be obtained on the investor relations section of our website ( and on the SEC website at AvidXchange undertakes no obligation to update publicly any forward-looking statements, whether as a result of future events, new information or otherwise, except as required by law. Non-GAAP Measures and Other Performance MetricsTo supplement the financial measures presented in our press release in accordance with generally accepted accounting principles in the United States ('GAAP'), we also present the following non-GAAP measures of financial performance: Non-GAAP Gross Profit, Non-GAAP Gross Margin, Adjusted EBITDA, Non-GAAP Net Income (Loss) and Non-GAAP Earnings Per Share. A 'non-GAAP financial measure' refers to a numerical measure of our historical or future financial performance or financial position that is included in (or excluded from) the most directly comparable measure calculated and presented in accordance with GAAP in our financial statements. We provide certain non-GAAP measures as additional information relating to our operating results as a complement to results provided in accordance with GAAP. The non-GAAP financial information presented herein should be considered in conjunction with, and not as a substitute for or superior to, the financial information presented in accordance with GAAP and should not be considered a measure of liquidity. There are significant limitations associated with the use of non-GAAP financial measures. Further, these measures may differ from the non-GAAP information, even where similarly titled, used by other companies and therefore should not be used to compare our performance to that of other companies. We have presented Non-GAAP Gross Profit, Adjusted EBITDA, Non-GAAP Net Income (Loss) and Non-GAAP Earnings Per Share in this press release. We define Non-GAAP Gross Profit & Gross Margin as revenue less cost of revenue excluding the portion of depreciation and amortization and stock-based compensation expense allocated to cost of revenues. We define Adjusted EBITDA as our net loss before depreciation and amortization, impairment and write-off of intangible assets, interest income and expense, income tax expense (benefit), stock-based compensation expense, transaction and acquisition-related costs expensed, change in fair value of derivative instrument, non-recurring items not indicative of ongoing operations, and charitable contributions of common stock. We define Non-GAAP Net Income (Loss) as net loss before amortization of acquired intangible assets, impairment and write-off of intangible assets, stock-based compensation expense, transaction and acquisition-related costs expensed, change in fair value of derivative instrument, non-recurring items not indicative of ongoing operations, acquisition-related effects on income tax, and charitable contributions of common stock. Non-GAAP income tax expense is calculated using our blended statutory rate except in periods of non-GAAP net loss when it is based on our GAAP income tax expense. In each case, non-GAAP income tax expense excludes the effects of acquisitions in the period on tax expense. We define Non-GAAP Earnings per Share as Non-GAAP Net Income (Loss) per diluted share. We believe the use of non-GAAP financial measures, as a supplement to GAAP measures, is useful to investors in that they eliminate items that are either not part of our core operations or do not require a cash outlay, such as stock-based compensation expense. Management uses these non-GAAP financial measures when evaluating operating performance and for internal planning and forecasting purposes. We believe that these non-GAAP financial measures help indicate underlying trends in the business, are important in comparing current results with prior period results and are useful to investors and financial analysts in assessing operating performance. Availability of Information on AvidXchange's WebsiteInvestors and others should note that AvidXchange routinely announces material information to investors and the marketplace using SEC filings, press releases, public conference calls, webcasts, and the Investor Relations section of AvidXchange's website. While not all information that AvidXchange posts to the Investor Relations website is of a material nature, some information could be deemed to be material. Accordingly, AvidXchange encourages investors, the media and others interested in AvidXchange to review the information that it shares at the Investor Relations link located at Users may automatically receive email alerts and other information about AvidXchange when enrolling an email address by visiting 'Email Alerts' in the 'Resources' section of AvidXchange's Investor Relations website Investor Contact: Subhaash KumarSkumar1@ Holdings, Statements of Operations(in thousands, except share and per share data) Three Months Ended June 30, Six Months Ended June 30, 2025 2024 2025 2024 Revenues $ 110,570 $ 105,132 $ 218,512 $ 210,730 Cost of revenues (exclusive of depreciation and amortization expense) 30,949 30,426 61,738 60,759 Operating expenses Sales and marketing 23,068 19,956 45,579 39,697 Research and development 26,975 25,008 52,357 50,912 General and administrative 33,510 22,635 62,458 46,895 Impairment and write-off of intangible assets - - - 162 Depreciation and amortization 8,479 9,208 17,148 18,515 Total operating expenses 92,032 76,807 177,542 156,181 Loss from operations (12,411 ) (2,101 ) (20,768 ) (6,210 ) Other income (expense) Interest income 4,480 5,979 8,621 12,541 Interest expense (2,010 ) (3,323 ) (4,016 ) (6,660 ) Other income 2,470 2,656 4,605 5,881 (Loss) income before income taxes (9,941 ) 555 (16,163 ) (329 ) Income tax (benefit) expense (477 ) 119 612 244 Net (loss) income $ (9,464 ) $ 436 $ (16,775 ) $ (573 ) Net (loss) income per share attributable to common stockholders, basic and diluted Basic $ (0.05 ) $ 0.00 $ (0.08 ) $ 0.00 Diluted $ (0.05 ) $ 0.00 $ (0.08 ) $ 0.00 Weighted average number of common shares used to compute net loss per share attributable to common stockholders, basic and diluted Basic 206,933,045 207,025,967 205,982,206 205,961,720 Diluted 206,933,045 210,370,559 205,982,206 205,961,720 AvidXchange Holdings, Balance Sheets(in thousands, except share and per share data) As of June 30, As of December 31, 2025 2024 Assets Current assets Cash and cash equivalents $ 335,773 $ 355,637 Restricted funds held for customers 1,148,195 1,250,346 Marketable securities 71,461 33,663 Accounts receivable, net of allowances of $4,362 and $4,279, respectively 50,988 51,671 Supplier advances receivable, net of allowances of $2,024 and $1,644 respectively 18,035 14,080 Prepaid expenses and other current assets 15,503 15,317 Total current assets 1,639,955 1,720,714 Property and equipment, net 96,632 97,592 Deferred customer origination costs, net 29,005 28,119 Goodwill 165,921 165,921 Intangible assets, net 65,235 71,068 Other noncurrent assets and deposits 7,087 6,297 Total assets $ 2,003,835 $ 2,089,711 Liabilities and Stockholders' Equity Current liabilities Accounts payable $ 20,482 $ 15,494 Accrued expenses 45,094 46,849 Payment service obligations 1,148,195 1,250,346 Deferred revenue 12,747 13,967 Current maturities of lease obligations under finance leases 36 103 Current maturities of lease obligations under operating leases 663 1,207 Current maturities of long-term debt 4,800 4,800 Total current liabilities 1,232,017 1,332,766 Long-term liabilities Deferred revenue, less current portion 10,640 11,856 Obligations under finance leases, less current maturities 63,342 63,025 Obligations under operating leases, less current maturities 1,655 1,969 Long-term debt 4,300 4,300 Other long-term liabilities 4,331 3,962 Total liabilities 1,316,285 1,417,878 Commitments and contingencies Stockholders' equity Preferred stock, $0.001 par value; 50,000,000 shares authorized, no shares issued and outstanding as of June 30, 2025 and December 31, 2024 - - Common stock, $0.001 par value; 1,600,000,000 shares authorized as of June 30, 2025 and December 31, 2024; 207,695,309 and 204,335,860 shares issued and outstanding as of June 30, 2025 and December 31, 2024, respectively 208 204 Additional paid-in capital 1,718,132 1,685,644 Accumulated deficit (1,030,790 ) (1,014,015 ) Total stockholders' equity 687,550 671,833 Total liabilities and stockholders' equity $ 2,003,835 $ 2,089,711 AvidXchange Holdings, Statements of Cash Flows(in thousands) Six Months Ended June 30, 2025 2024 Cash flows from operating activities Net loss $ (16,775 ) $ (573 ) Adjustments to reconcile net loss to net cash used by operating activities Depreciation and amortization expense 17,148 18,515 Amortization of deferred financing costs 190 212 Provision for credit losses 1,976 1,481 Stock-based compensation 29,571 23,278 Accrued interest 638 822 Impairment and write-off on intangible assets - 162 Loss on write-off of fixed assets 3 - Gain on lease buyout (172 ) - Accretion of investments held to maturity (629 ) (2,209 ) Deferred income taxes 247 178 Changes in operating assets and liabilities Accounts receivable 184 (3,652 ) Accrued interest on investments 43 - Prepaid expenses and other current assets (186 ) (2,481 ) Other noncurrent assets (980 ) (839 ) Deferred customer origination costs (887 ) (142 ) Accounts payable 4,988 (1,378 ) Deferred revenue (2,436 ) (2,735 ) Accrued expenses and other liabilities (1,631 ) (11,388 ) Operating lease liabilities (686 ) (323 ) Total adjustments 47,381 19,501 Net cash provided by operating activities 30,606 18,928 Cash flows from investing activities Purchase of marketable securities held to maturity (65,329 ) (98,996 ) Proceeds from maturity of marketable securities held to maturity 28,117 55,996 Purchases of equipment (1,324 ) (1,100 ) Purchases of intangible assets (9,034 ) (8,087 ) Supplier advances, net (5,431 ) (4,092 ) Net cash used in investing activities (53,001 ) (56,279 ) Cash flows from financing activities Repayments of long-term debt - (813 ) Principal payments on finance leases (81 ) (150 ) Proceeds from issuance of common stock 1,474 5,393 Proceeds from issuance of common stock under ESPP 1,447 1,220 Remittance of taxes upon vesting of restricted stock units (209 ) - Payment of acquisition-related liability (100 ) (100 ) Payment service obligations (102,151 ) (385,201 ) Net cash used in financing activities (99,620 ) (379,651 ) Net decrease in cash, cash equivalents, and restricted funds held for customers (122,015 ) (417,002 ) Cash, cash equivalents, and restricted funds held for customers Cash, cash equivalents, and restricted funds held for customers, beginning of year 1,605,983 1,985,630 Cash, cash equivalents, and restricted funds held for customers, end of period $ 1,483,968 $ 1,568,628 Supplementary information of noncash investing and financing activities Property and equipment purchases in accounts payable and accrued expenses $ - $ 19 Interest paid on notes payable - 2,673 Interest paid on finance leases 3,000 2,954 Cash paid for income taxes 369 254 AvidXchange Holdings, of GAAP to Non-GAAP Measures Three Months Ended June 30, Six Months Ended June 30, Reconciliation of Revenue to Non-GAAP Gross Profit and Non-GAAP Gross Margin 2025 2024 2025 2024 (in thousands) Total revenues $ 110,570 $ 105,132 $ 218,512 $ 210,730 Expenses: Cost of revenues (exclusive of depreciation and amortization expense) (30,949 ) (30,426 ) (61,738 ) (60,759 ) Depreciation and amortization expense (5,977 ) (6,034 ) (12,106 ) (12,098 ) GAAP Gross profit $ 73,644 $ 68,672 $ 144,668 $ 137,873 Adjustments: Stock-based compensation expense 1,996 1,625 3,980 2,857 Depreciation and amortization expense 5,977 6,034 12,106 12,098 Non-GAAP gross profit $ 81,617 $ 76,331 $ 160,754 $ 152,828 GAAP Gross margin 66.6 % 65.3 % 66.2 % 65.4 % Non-GAAP gross margin 73.8 % 72.6 % 73.6 % 72.5 %AvidXchange Holdings, of GAAP to Non-GAAP Measures (Continued) Three Months Ended June 30, Six Months Ended June 30, Reconciliation of Net Income (Loss) to Non-GAAP Net Income (Loss), including per share amounts 2025 2024 2025 2024 (in thousands, except share and per share data) Net income (loss) $ (9,464 ) $ 436 $ (16,775 ) $ (573 ) Exclude: Provision for income taxes (477 ) 119 612 244 Income (loss) before taxes (9,941 ) 555 (16,163 ) (329 ) Amortization of acquired intangible assets 2,859 3,414 5,744 6,827 Impairment and write-off of intangible assets - - - 162 Stock-based compensation expense 15,085 12,319 29,571 23,278 Transaction and acquisition-related costs(1) 6,449 - 8,445 - Non-recurring items not indicative of ongoing operations(2) (195 ) (1,976 ) 528 (630 ) Total net adjustments 24,198 13,757 44,288 29,637 Non-GAAP income (loss) before taxes 14,257 14,312 28,125 29,308 Non-GAAP income tax expense(2) 3,550 3,564 7,003 7,298 Non-GAAP net income (loss) $ 10,707 $ 10,748 $ 21,122 $ 22,010 Weighted-average shares used to compute Non-GAAP net income (loss) per share attributable to common stockholders, basic 206,933,045 207,025,967 205,982,206 205,961,720 Weighted-average shares used to compute Non-GAAP net income (loss) per share attributable to common stockholders, diluted 207,348,652 209,896,829 205,982,206 205,961,720 GAAP Net income (loss) per share attributable to common stockholders, basic and diluted $ (0.05 ) $ 0.00 $ (0.08 ) $ 0.00 Non-GAAP basic net income (loss) per share attributable to common stockholders, basic $ 0.05 $ 0.05 $ 0.10 $ 0.11 Non-GAAP basic net income (loss) per share attributable to common stockholders, diluted $ 0.05 $ 0.05 $ 0.10 $ 0.11 GAAP income (loss) per common share, basic and diluted $ (0.05 ) $ 0.00 $ (0.08 ) $ 0.00 Amortization of acquired intangible assets 0.01 0.02 0.03 0.03 Impairment and write-off of intangible assets - - - - Stock-based compensation expense 0.07 0.06 0.14 0.11 Transaction and acquisition-related costs 0.03 - 0.04 - Non-recurring items not indicative of ongoing operations(1) - (0.01 ) - - Provision for income taxes (0.02 ) (0.02 ) (0.03 ) (0.03 ) Adjustment to fully diluted earnings per share 0.01 - - - Non-GAAP diluted income (loss) per common share $ 0.05 $ 0.05 $ 0.10 $ 0.11 AvidXchange Holdings, of GAAP to Non-GAAP Measures (Continued) Three Months Ended June 30, Six Months Ended June 30, Reconciliation of Net Loss to Adjusted EBITDA 2025 2024 2025 2024 (in thousands) Net loss $ (9,464 ) $ 436 $ (16,775 ) $ (573 ) Depreciation and amortization 8,479 9,208 17,148 18,515 Impairment and write-off of intangible assets - - - 162 Interest income (4,480 ) (5,979 ) (8,621 ) (12,541 ) Interest expense 2,010 3,323 4,016 6,660 Provision for income taxes (477 ) 119 612 244 Stock-based compensation expense 15,085 12,319 29,571 23,278 Transaction and acquisition-related costs(1) 6,449 - 8,445 - Non-recurring items not indicative of ongoing operations(2) (195 ) (1,976 ) 528 (630 ) Adjusted EBITDA $ 17,407 $ 17,450 $ 34,924 $ 35,115 (1) For the three and six months ended June 30, 2025, this amount consists of transaction and deal costs incurred in connection with the proposed plan of merger announced on May 6, 2025 described in our unaudited consolidated financial statements. (2) For the three months ended June 30, 2025, this amount includes a $172 gain on lease buyout. For the three months ended June 30, 2024, this amount was primarily comprised of an insurance recovery of $2,110 for costs incurred in response to the cybersecurity incident that was detected in April 2023. For the six months ended June 30, 2025, this amount includes $618 in restructuring costs and a $172 gain on lease buyout. For the six months ended June 30, 2024 this amount includes $1,157 of severance costs and a net benefit of $1,808 of response costs incurred in connection with the cybersecurity incident. (3) Non-GAAP income tax expense is based on the Company's blended tax rate of 24.9% in periods the Company has Non-GAAP income before tax. In periods the Company is in a non-GAAP loss position, tax expense is based on GAAP tax expense.
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Details of Roman Anthony's $130 million, 8-year contract with the Boston Red Sox for 2026-33
Signing bonus: $5 million, payable Jan. 15, 2026 2026 salary: $2 million 2027 salary: $4 million 2028 salary: $8 million 2029 salary: $15 million 2030 salary: $19 million 2031 salary: $23 million 2032 salary: $25 million 2033 salary: $29 million 2034 club option: $30 million Escalators — If first or second in 2025 Rookie of the Year voting, 2031 salary would increase by $2 million for each MVP award from 2025-30, $1 million for each second- or third-place finish. $750,000 for each fourth or fifth, $500,000 for each sixth through 10th and $200,000 for each All-Star election or selection from 2026-30 — 2032 salary would increase by $2 million for each MVP award 2025-31, $1 million for each second- or third-place finish. $750,000 for each fourth or fifth, $500,000 for each sixth through 10th, $200,000 for each All-Star election or selection from 2026-31 and $1 million if first or second in 2025 Rookie of the Year voting — 2033 salary would increase by $2 million for each MVP award 2025-32, $1 million for each second- or third-place finish. $750,000 for each fourth or fifth, $500,000 for each sixth through 10th, $200,000 for each All-Star election or selection from 2026-32 and $1 million if first or second in 2025 Rookie of the Year voting — 2034 club option would increase by $2 million for each MVP award 2025-33, $1 million for each second- or third-place finish, $750,000 for each fourth or fifth, $500,000 for each sixth through 10th, $200,000 for each All-Star election or selection from 2026-33 and $1 million if first or second in 2025 Rookie of the Year voting ___ AP MLB:
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Trump's tariffs and the tax bill are splitting the stock market. Here's the playbook for investors, according to Morgan Stanley.
Trump's policies are splitting the stock market, Morgan Stanley says. The bank said it believes Trump's tariffs and tax bill are splitting parts of the market in half. It says there are a handful of things for investors to look for when deciding where to put their money. President Donald Trump's policies are splitting the market into distinct camps, Morgan Stanley says. Lisa Shalett, the chief investment officer of the bank's wealth management arm, pointed to the effects of Trump's tax bill and his sweeping tariffs in a recent podcast. "Now, as the impacts of the tax reform bill and global tariff implementation begin to roll through the economy, we sense that yet another series of great divides are opening up," Shalett said. Here are the splits that are emerging: 1. Consumer-facing businesses vs. B2B businesses Businesses that sell directly to consumers are more impacted by any potential weakening fo household balance sheets, a risk that business-to-business firms are less worried about. Market pros believe that tariffs could weaken consumers' spending power, as companie can pass along the cost of import duties by raising prices. Shalett added that those pressures are coming at an already critical time for consumers, pointing out that more Americans are falling behind on credit card and auto loan payments. The job market is also flashing signs of weakness, with payrolls in May and June seeing a large downward revision, while job growth for the month of July was below expectations. A weaker labor market often leads to a pullback in consumer spending. 2. Multinational exporters vs. importers Multinational exporters outside of the consumer space are facing "fewer external barriers" to sending products abroad, Shalett said, suggesting they were more shielded from the trade war. Those firms are also benefitting from a weaker US dollar, which is making their products more attractive to foreign customers, Shalett added. Multinational firms are also typically more capital- and research & development-intensive, she said. That also positions them to benefit more from the tax benefits outlined in the "One Big Beautiful Bill," which creates favorable tax treatment for domestic R&D costs. "So, with this new structural division emerging, global stock selection is more important now than ever," Shalett said. Here are some characteristics of the companies investors should be leaning toward, in Shalett's view: Multinational non-consumer exporters. Tailwinds for these companies should continue, Shalett said. Select tech, financials, industrials, energy, and healthcare stocks. Stocks in these areas could benefit from some of the policies included in Trump's tax bill, which could lead to upside surprises in earnings and cash flow. Stocks that aren't "overhyped." International stocks, commodities, and energy infrastructure. Companies in these areas could help an investor diversify their portfolio, she added. Sentiment has shifted slightly more bearish in the last week, with Trump doubling down on tariff threats and markets digesting weaker-than-expected economic data. Goldman Sachs, Evercore ISI, Stifel, Pimco, and HSBC are among the firms that have recently flagged the risk of a stock correction or advised investors to rethink their portfolio allocations. Read the original article on Business Insider Sign in to access your portfolio
