Vertex, Inc. VERX

Technology SIC 7372 - Services-Prepackaged Software NAICS Information › Publishing Industries › Software Publishers derived Nasdaq

Vertex is a leading provider of enterprise compliance technology for global commerce. Our software, data, and services help businesses operate with confidence by automating and governing transaction-based compliance obligations that arise wherever they buy, sell, and move goods and services around the world.

At the core of global commerce are transaction-based regulatory requirements that must be calculated, documented, reported, and, in many cases, digitally transmitted to tax authorities in real time. Indirect taxes—such as sales tax, use tax, and value-added tax ("VAT")—represent a significant portion of these obligations. Unlike direct taxes, which are paid directly by the entity being taxed, indirect taxes are collected from a purchaser and remitted to taxing authorities by the seller or service provider as part of each transaction.

Last close 15.39 2026-10-23
Market cap —
52-week range 10.21 - 25.80

Valuation FY2025 figures against the last close

P/S—
P/E—
P/FCF—
EV/EBITDA—
Dividend yield—
Diluted EPS—

Annual financial statements

Income statement

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Revenue $748.4M$666.8M$572.4M$491.6M$425.5M$374.7M$321.5M$272.4M—
Cost of revenue $266.8M$240.7M$223.8M$193.1M$161.9M$165.4M$110.4M$95.7M—
Gross profit $481.6M$426.1M$348.6M$298.5M$263.7M$209.3M$211.1M$176.7M—
R&D $83.7M$66.7M$58.2M$41.9M$44.0M$54.3M$30.6M$23.8M—
SG&A $178.7M$152.8M$145.9M$121.7M$107.0M$149.1M$71.0M$58.9M—
Total operating expenses $479.3M$428.4M$366.1M$306.6M$266.6M$314.0M$179.3M$179.5M—
Operating income $2.3M-$2.2M-$17.5M-$8.1M-$2.9M-$104.8M$31.9M-$2.8M—
Interest expense $5.2M$4.1M$4.2M$2.0M$984.0K————
Pre-tax income $7.6M$1.9M-$21.7M-$10.1M-$3.9M-$107.9M$30.9M-$4.4M—
Income tax $368.0K$54.6M$8.6M$2.2M$2.4M$32.8M$155.0K$1.7M—
Net income $7.2M-$52.7M-$13.1M-$12.3M-$1.5M-$75.1M$31.1M-$6.1M—

Balance sheet

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Cash and equivalents $314.0M$296.1M$68.2M$106.7M$98.2M$312.3M$83.5M$59.2M$43.1M
Receivables $183.4M$164.4M$141.8M$102.9M$76.9M$77.2M$70.4M$62.2M—
Total current assets $560.7M$536.3M$266.6M$243.1M$195.7M$402.7M$165.6M——
Property, plant and equipment ——$100.7M$98.9M$96.7M$56.6M$54.7M——
Goodwill $392.5M$357.8M$257.8M$251.8M$270.0M$16.3M$0——
Other intangibles —————$2.4M———
Total assets $1.27B$1.17B$759.9M$719.2M$670.2M$518.8M$264.6M——
Accounts payable $37.6M$36.2M$23.6M$14.3M$13.0M$8.9M$10.7M——
Short-term debt ——$2.5M$2.2M—$882.0K$50.8M——
Total current liabilities $574.7M$537.4M$440.8M$403.2M$369.1M$292.0M$334.5M——
Long-term debt $337.5M$335.2M$44.1M$46.7M—$225.0K$682.0K——
Total liabilities $1.01B$987.4M$506.9M$489.5M$440.1M$329.4M$377.1M——
Retained earnings -$46.1M-$53.3M-$586.0K$12.5M$24.8M$25.6M-$90.7M——
Total equity $258.9M$179.4M$253.0M$229.7M$230.1M$229.3M-$129.8M-$126.3M-$78.6M

Cash flow

Fiscal year FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017
Operating cash flow $165.5M$164.8M$74.3M$63.8M$90.3M$59.5M$92.5M$80.4M—
Stock-based compensation $57.8M$47.4M$33.9M$19.7M$26.2M$147.9M$9.5M$5.1M—
Capital expenditure —$71.8M$49.3M$45.5M$31.7M$21.0M$20.3M$21.1M—
Investing cash flow -$123.7M-$158.2M-$66.2M-$72.0M-$294.8M-$44.4M-$37.6M-$33.3M—
Financing cash flow -$32.8M$231.3M-$26.5M$17.1M-$9.1M$213.6M-$30.6M-$30.7M—
Dividends paid —————$146.1M$123.2M$28.0M—
Buybacks $10.1M—————$841.0K$1.3M—

Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001104659-26-049441.

Plot the figures US dollars

Income statement Revenue Cost of revenue Gross profit R&D SG&A Total operating expenses Operating income Interest expense Pre-tax income Income tax Net income EPS, basic EPS, diluted Shares, diluted (wtd. avg.)
Balance sheet Cash and equivalents Short-term investments Receivables Inventory Total current assets Property, plant and equipment Goodwill Other intangibles Total assets Accounts payable Short-term debt Total current liabilities Long-term debt Total liabilities Retained earnings Total equity
Cash flow Operating cash flow Depreciation and amortisation Stock-based compensation Capital expenditure Investing cash flow Financing cash flow Dividends paid Buybacks
  • Revenue
  • Gross profit
  • Net income
Revenue, Gross profit, Net income by fiscal year, in US dollars The same figures are in the table below this chart. -250M 0 250M 500M 750M Revenue, FY2018: 272.4M Gross profit, FY2018: 176.7M Net income, FY2018: -6.1M Revenue, FY2019: 321.5M Gross profit, FY2019: 211.1M Net income, FY2019: 31.1M Revenue, FY2020: 374.7M Gross profit, FY2020: 209.3M Net income, FY2020: -75.1M Revenue, FY2021: 425.5M Gross profit, FY2021: 263.7M Net income, FY2021: -1.5M Revenue, FY2022: 491.6M Gross profit, FY2022: 298.5M Net income, FY2022: -12.3M Revenue, FY2023: 572.4M Gross profit, FY2023: 348.6M Net income, FY2023: -13.1M Revenue, FY2024: 666.8M Gross profit, FY2024: 426.1M Net income, FY2024: -52.7M Revenue, FY2025: 748.4M Gross profit, FY2025: 481.6M Net income, FY2025: 7.2M FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025
Fiscal year FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue — $272.4M $321.5M $374.7M $425.5M $491.6M $572.4M $666.8M $748.4M
Gross profit — $176.7M $211.1M $209.3M $263.7M $298.5M $348.6M $426.1M $481.6M
Net income — -$6.1M $31.1M -$75.1M -$1.5M -$12.3M -$13.1M -$52.7M $7.2M

Recent filings and events

  • Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
  • Shareholder vote The results of the annual meeting or a special vote. Item 5.07
  • Results announced Item 2.02
  • Restructuring or exit costs A restructuring: layoffs, a plant closure, a business being wound down. Item 2.05
  • Annual report filed A new 10-K. The figures and the business description on this site come from it. Form 10-K
  • Results announced Item 2.02
  • Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
  • Results announced Item 2.02
  • Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
  • Results announced Item 2.02
  • Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
  • Results announced Item 2.02

Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.

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