Avantax

Provider of Internet-related services that operates a diverse group of internet businesses.

Launch date

1983

Employees

Market cap

Enterprise valuation

AUD1.8b (Public information from Nov 2023)

Bellevue Washington (HQ)

https://www.avantax.com/

https://twitter.com/blucora https://www.facebook.com/Blucora https://www.linkedin.com/company/avantax-wealth-management/

View job openings

Revenues, earnings & profits over time

USD	2018	2019	2020	2021	2022	2023	2024
Revenues	560m	718m	755m	885m	666m	754m	823m
% growth	10 %	28 %	5 %	17 %	(25 %)	13 %	9 %
EBITDA	106m	120m	66.1m	105m	22.2m	-	-
% EBITDA margin	19 %	17 %	9 %	12 %	3 %	-	-
Profit	50.6m	48.1m	(343m)	7.8m	420m	-	-
% profit margin	9 %	7 %	(45 %)	1 %	63 %	-	-
R&D budget	19.3m	30.9m	27.3m	30.7m	8.7m	-	-
R&D % of revenue	3 %	4 %	4 %	3 %	1 %	-	-

Date	Investors	Amount	Round
Jan 2003	N/A	N/A	IPO
Jan 2023*	N/A	$270m	Post IPO Debt
Sep 2023*	Cetera Financial	$1.2b Valuation: $1.2b 1.8x EV/LTM Revenues 54.0x EV/LTM EBITDA	Acquisition
Total Funding		-

Tech stackLearn more about the technologies and tools that this company uses.

ACQUISITION by Avantax Aug 2013

ACQUISITION by iHeartMedia Sep 2018

HD Vest Financial Services

ACQUISITION by Avantax Oct 2015

ACQUISITION by Avantax Jan 2002

HK Financial Services

ACQUISITION by Avantax Apr 2020

Summit Wealth Advocates

ACQUISITION by Avantax Aug 2023

GA Investment Management

ACQUISITION by Avantax May 2024