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Private company

AVALARA, INC.

AVALARA, INC. is an American prepackaged software services company based in Durham.2

Last updated Oct 21, 2026.

Overview

  • IndustryServices-Prepackaged Software2
  • HeadquartersDurham, United States2
  • Incorporated inWA3
  • Business address255 S. King St., Suite 1800, Seattle, Wa 981043
  • Filer categoryLarge accelerated filer3
  • Legal formProfit Corporation2
  • LEI549300Q16CMW239SS3152
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered addressC/O C T CORPORATION SYSTEM, 98501 Olympia, United States2
  • Registered withCorporations Division (Office of the Secretary of State), 601 973 6422

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Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2021

70.5%Gross margin4
-16.7%Operating margin4
-19.4%Net margin4
39.6%Revenue growth, 20214
-13.2%Return on equity4
$26.5MFree cash flow4

Where the money goes

Where each dollar of revenue went, fiscal 2021

  • Cost of revenue30¢$206.3M
  • Research and development24¢$171.0M
  • Other costs46¢$318.3M
  • Income tax0¢$3.3M

Out of $699.0M in revenue.4 The company lost money this year.

Where each dollar of operating cash went, fiscal 2021

  • Capital spending22¢$7.7M
  • Kept or used elsewhere78¢$26.5M

Out of $34.1M of cash from operations.4

Financial statements

Revenue5674$699.0M in 2021+317% since 2016
0$200.0M$400.0M$600.0M$800.0M2016: $167.4M$167.4M20162017: $213.2M$213.2M2017+27%2018: $272.1M$272.1M2018+28%2019: $382.4M$382.4M2019+41%2020: $500.6M$500.6M2020+31%2021: $699.0M$699.0M2021+40%
Gross profit5674$492.6M in 2021+314% since 2016
0$200.0M$400.0M$600.0M2016: $118.9M$118.9M20162017: $155.2M$155.2M2017+31%2018: $193.4M$193.4M2018+25%2019: $266.9M$266.9M2019+38%2020: $356.8M$356.8M2020+34%2021: $492.6M$492.6M2021+38%
Operating income5674-$116.9M in 2021+115% since 2016
-$150.0M-$100.0M-$50.0M02016: -$54.3M-$54.3M20162017: -$63.3M-$63.3M2017+17%2018: -$76.1M-$76.1M2018+20%2019: -$57.6M-$57.6M2019−24%2020: -$68.1M-$68.1M2020+18%2021: -$116.9M-$116.9M2021+72%
Net income5674-$135.6M in 2021+134% since 2016
-$150.0M-$100.0M-$50.0M02016: -$57.9M-$57.9M20162017: -$64.1M-$64.1M2017+11%2018: -$75.5M-$75.5M2018+18%2019: -$52.0M-$52.0M2019−31%2020: -$55.3M-$55.3M2020+6%2021: -$135.6M-$135.6M2021+145%
Fiscal year2015201620172018201920202021
Revenue$167.4M5$213.2M6$272.1M7$382.4M4$500.6M4$699.0M4
Cost of revenue$48.5M5$58.0M6$78.6M7$115.5M4$143.8M4$206.3M4
Gross profit$118.9M5$155.2M6$193.4M7$266.9M4$356.8M4$492.6M4
Research and development$32.8M5$41.3M6$51.9M7$83.0M4$121.6M4$171.0M4
Operating expenses$609.6M4
Operating income-$54.3M5-$63.3M6-$76.1M7-$57.6M4-$68.1M4-$116.9M4
Income before tax-$132.3M4
Income tax$640.0K5-$1.2M6-$976.0K7$955.0K4-$8.3M4$3.3M4
Net income-$57.9M5-$64.1M6-$75.5M7-$52.0M4-$55.3M4-$135.6M4
Shares (weighted, basic)86.3M shares4
Shares (weighted, diluted)86.3M shares4

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Corporate structure

AVALARA, INC. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of AVALARA, INC.

  • AVALARA, INC. Durham, North Carolina, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What AVALARA, INC. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$84.8M4 Dec 31, 2021$63.8M4 Dec 31, 2020+32.9%
Accumulated depreciation$38.3M4 Dec 31, 2021$29.1M4 Dec 31, 2020+31.8%
Property and equipment, net$46.5M4 Dec 31, 2021$34.7M4 Dec 31, 2020+33.9%
Operating-lease assets (leased space)$44.4M4 Dec 31, 2021$52.3M4 Dec 31, 2020−15.2%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$1.5B4 Dec 31, 2021$673.6M4 Dec 31, 2020+124.8%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$672.4M4 Dec 31, 2021$513.2M4 Dec 31, 2020+31.0%
Finite-lived intangibles, gross$166.1M4 Dec 31, 2021$132.0M4 Dec 31, 2020+25.9%
Accumulated amortization$69.3M4 Dec 31, 2021$45.5M4 Dec 31, 2020+52.4%
Finite-lived intangibles, net$96.8M4 Dec 31, 2021$86.5M4 Dec 31, 2020+11.9%

Leadership

Who has led AVALARA, INC., and when. Pick a name to see everywhere that person has worked.

Board members and other officers (19)

Former names

  • AVALARA INCDec 19, 2005 to Aug 10, 20183

Timeline

  1. Oct 19, 20228-K Entered a material agreement; Ended a material agreement; Completed an acquisition or sale28
  2. Oct 14, 20228-K Shareholder vote; Other events29
  3. Oct 4, 20228-K Other events30
  4. Sep 26, 20228-K Other events31
  5. Sep 23, 20228-K Other events32
  6. Sep 22, 20228-K Other events33
  7. Aug 9, 20228-K Entered a material agreement34
  8. Aug 8, 20228-K Other events35
  9. Aug 8, 20228-K Results of operations36
  10. Jun 13, 20228-K Shareholder vote37
  11. May 5, 20228-K Results of operations38
  12. Feb 10, 20228-K Results of operations; Other events39
  13. Aug 11, 1999Founded AVALARA, INC. is founded2

Calendar

When it reported results

  1. Aug 8, 2022Reported quarterly or annual results36
  2. May 5, 2022Reported quarterly or annual results38
  3. Feb 10, 2022Reported quarterly or annual results39
  4. Nov 4, 2021Reported quarterly or annual results40

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

139 filings to the SEC since October 2021: 2 annual reports, 3 quarterly reports, 15 major events, 84 insider forms, 5 large holders, 30 other. The latest 20:

  1. Oct 31, 202215-12G EDGAR
  2. Oct 19, 20224 FORM 4 SUBMISSION EDGAR
  3. Oct 19, 20224 FORM 4 SUBMISSION EDGAR
  4. Oct 19, 20224 FORM 4 SUBMISSION EDGAR
  5. Oct 19, 20224 FORM 4 SUBMISSION EDGAR
  6. Oct 19, 20224 FORM 4 SUBMISSION EDGAR
  7. Oct 19, 20224 FORM 4 SUBMISSION EDGAR
  8. Oct 19, 20224 FORM 4 SUBMISSION EDGAR
  9. Oct 19, 20224 FORM 4 SUBMISSION EDGAR
  10. Oct 19, 20224 FORM 4 SUBMISSION EDGAR
  11. Oct 19, 20224 FORM 4 SUBMISSION EDGAR
  12. Oct 19, 20224 FORM 4 SUBMISSION EDGAR
  13. Oct 19, 20224 FORM 4 SUBMISSION EDGAR
  14. Oct 19, 20224 FORM 4 SUBMISSION EDGAR
  15. Oct 19, 20224 FORM 4 SUBMISSION EDGAR
  16. Oct 19, 20224 FORM 4 SUBMISSION EDGAR
  17. Oct 19, 2022S-8 POS EDGAR
  18. Oct 19, 2022S-8 POS EDGAR
  19. Oct 19, 2022S-8 POS EDGAR
  20. Oct 19, 2022S-8 POS EDGAR

The 139 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

56 open-market trades by officers, directors and large owners since October 2021: 0 buys and 56 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Oct 10, 2022McFarlane Scott MSee RemarksSale20,000$92.54$1.9MForm 4
Sep 12, 2022McFarlane Scott MSee RemarksSale20,000$92.27$1.8MForm 4
Aug 10, 2022McFarlane Scott MSee RemarksSale20,000$91.82$1.8MForm 4
Aug 8, 2022Tennenbaum RossSee RemarksSale766$91.81$70.3KForm 4
Aug 8, 2022PINNEY ALESIA LEESee RemarksSale355$91.81$32.6KForm 4
Aug 8, 2022McFarlane Scott MSee RemarksSale1,248$91.81$114.6KForm 4
Aug 8, 2022Mathradas AmitSee RemarksSale766$91.81$70.3KForm 4
Aug 8, 2022Manning Daniel E.See RemarksSale70$91.81$6.4KForm 4
Jul 11, 2022McFarlane Scott MSee RemarksSale20,000$85.07$1.7MForm 4
Jun 10, 2022McFarlane Scott MSee RemarksSale20,000$81.62$1.6MForm 4
May 10, 2022McFarlane Scott MSee RemarksSale20,000$80.00$1.6MForm 4
May 6, 2022Tennenbaum RossSee RemarksSale744$69.26$51.5KForm 4
May 6, 2022PINNEY ALESIA LEESee RemarksSale345$69.25$23.9KForm 4
May 6, 2022McFarlane Scott MSee RemarksSale1,212$69.26$83.9KForm 4
May 6, 2022Mathradas AmitSee RemarksSale744$69.26$51.5KForm 4
May 6, 2022Manning Daniel E.See RemarksSale68$69.25$4.7KForm 4
Apr 14, 2022McFarlane Scott MSee RemarksSale20,000$92.97$1.9MForm 4
Apr 6, 2022Tennenbaum RossSee RemarksSale3,675$99.65$366.2KForm 4
Apr 6, 2022Mathradas AmitSee RemarksSale6,219$99.64$619.7KForm 4
Mar 15, 2022Tennenbaum RossSee RemarksSale1,436$75.74$108.8KForm 4

All 56 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How AVALARA, INC. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARAVALARA, INC.1
  • CIK0001348036
  • Employer ID (EIN)91-19959351
  • Filer statusLarge accelerated filer1
  • Incorporated inWashington1
  • Fiscal year endsDecember 311
  • Industry code (SIC)7372 Services-Prepackaged Software1
  • Business address255 S. King St., Suite 1800, Seattle, WA 981041
  • Phone(206) 826-49001
  • Shares outstanding88,265,657 as of Aug 3, 20229
  • Public float$13.7B as of Jun 30, 20214
  • On EDGAR sinceDec 19, 20051
  • Filings533 in all: 4 (326), 8-K (53), 3 (25), DEFA14A (15), 10-Q (13), D (12), SC 13G (10), SC 13G/A (8)1
    All 40 form types

    CORRESP (6), DFAN14A (5), S-8 (5), S-8 POS (5), UPLOAD (5), 10-K (4), DEF 14A (4), 10-K/A (3), 10-Q/A (2), 424B4 (2), 424B5 (2), 8-K/A (2), DRS (2), DRS/A (2), DRSLTR (2), EFFECT (2), S-1 (2), S-1/A (2), 15-12G (1), 25-NSE (1), 5 (1), 8-A12B (1), CERT (1), D/A (1), DEFC14A (1), DEFM14A (1), POSASR (1), PREC14A (1), PREM14A (1), REGDEX (1), S-1MEF (1), S-3ASR (1)

  • Latest filingsAnnual report (10-K) Feb 24, 2022
    Quarterly report (10-Q) Aug 9, 2022
    Proxy statement (DEF 14A) Apr 21, 2022
    Latest 8-K (8-K) Oct 19, 2022

Sources

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    SEC EDGAROther events
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