March 1, 2021
Business News

Avalara Announces Fourth Quarter and Fiscal Year 2020 Financial Results

SEATTLE–()–Avalara, Inc. (NYSE: AVLR), a leading provider of tax compliance automation for businesses of all sizes, today announced financial results for its fourth quarter and fiscal year ended December 31, 2020.

“In the fourth quarter, year-over-year revenue growth was 35% and year-over-year calculated billings growth was 38%, capping off an outstanding finish to our fiscal year 2020. For the full year, we delivered half a billion in revenue, up 31% year-over-year as well as record operating cash flow and free cash flow,” said Scott McFarlane, Avalara co-founder and chief executive officer. “Our results demonstrate the adaptability and resilience of our business model during challenging times. As we look…

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