8-K Announcements
6Apr 28, 2026·SEC
Feb 11, 2026·SEC
Nov 20, 2025·SEC
Vertex, Inc. (VERX) fundamental analysis — strengths, weaknesses & financial health based on data analysis
* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.
Vertex, Inc. (VERX) stock price & volume — 10-year historical chart
Vertex, Inc. (VERX) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR
Vertex, Inc. (VERX) EPS & revenue vs analyst estimates — last 4 quarters
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 11, 2026 | $0.17vs $0.17+0.0% | $195Mvs $194M+0.2% |
| Q4 2025 | Nov 3, 2025 | $0.17vs $0.17+0.0% | $192Mvs $194M-1.1% |
| Q3 2025 | Aug 6, 2025 | $0.15vs $0.14+7.1% | $185Mvs $193M-4.3% |
| Q2 2025 | May 7, 2025 | $0.15vs $0.13+15.4% | $177Mvs $185M-4.2% |
Vertex, Inc. (VERX) competitors in Financial services and insurance software — business model, growth, and fundamentals comparison
Vertex, Inc. (VERX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
Vertex, Inc. (VERX) annual income statement — 10-year revenue, gross profit & net income history
| Line item | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|
| Sales/Revenue | 272.4M | 321.5M | 374.67M | 425.55M | 491.62M | 572.39M | 666.78M | 748.44M |
| Revenue Growth % | - | 18.02% | 16.54% | 13.58% | 15.53% | 16.43% | 16.49% | 12.25% |
| Cost of Goods Sold | 95.7M | 110.38M | 165.39M | 161.89M | 193.13M | 223.81M | 240.65M | 293.93M |
| COGS % of Revenue | 35.13% | 34.33% | 44.14% | 38.04% | 39.28% | 39.1% | 36.09% | 39.27% |
| Gross Profit | 176.71M▲ 0% | 211.12M▲ 19.5% | 209.28M▼ 0.9% | 263.66M▲ 26.0% | 298.49M▲ 13.2% | 348.58M▲ 16.8% | 426.13M▲ 22.2% | 454.51M▲ 6.7% |
| Gross Margin % | 64.87% | 65.67% | 55.86% | 61.96% | 60.72% | 60.9% | 63.91% | 60.73% |
| Gross Profit Growth % | - | 19.48% | -0.87% | 25.98% | 13.21% | 16.78% | 22.25% | 6.66% |
| Operating Expenses | 146.85M | 179.27M | 314.04M | 266.6M | 306.57M | 366.09M | 428.35M | 462.36M |
| OpEx % of Revenue | 53.91% | 55.76% | 83.82% | 62.65% | 62.36% | 63.96% | 64.24% | 61.78% |
| Selling, General & Admin | 115.84M | 139.14M | 248.47M | 206.01M | 246.99M | 286.17M | 323.41M | 368.35M |
| SG&A % of Revenue | 42.53% | 43.28% | 66.32% | 48.41% | 50.24% | 50% | 48.5% | 49.22% |
| Research & Development | 23.75M | 30.56M | 54.34M | 44.02M | 41.88M | 58.21M | 66.67M | 83.72M |
| R&D % of Revenue | 8.72% | 9.5% | 14.5% | 10.34% | 8.52% | 10.17% | 10% | 11.19% |
| Other Operating Expenses | 7.25M | 9.57M | 11.22M | 16.57M | 17.71M | 21.7M | 38.28M | 10.29M |
| Operating Income | -2.83M▲ 0% | 31.86M▲ 1224.4% | -104.76M▼ 428.9% | -2.94M▲ 97.2% | -8.08M▼ 174.7% | -17.51M▼ 116.7% | -2.23M▲ 87.3% | -7.85M▼ 252.2% |
| Operating Margin % | -1.04% | 9.91% | -27.96% | -0.69% | -1.64% | -3.06% | -0.33% | -1.05% |
| Operating Income Growth % | - | 1224.43% | -428.86% | 97.19% | -174.71% | -116.65% | 87.28% | -252.15% |
| EBITDA | 22.07M | 57.05M | -72.54M | 41.84M | 53.07M | 56.95M | 84.51M | 89.08M |
| EBITDA Margin % | 8.1% | 17.74% | -19.36% | 9.83% | 10.79% | 9.95% | 12.67% | 11.9% |
| EBITDA Growth % | - | 158.5% | -227.17% | 157.68% | 26.84% | 7.31% | 48.39% | 5.41% |
| D&A (Non-Cash Add-back) | 24.9M | 25.19M | 32.22M | 44.78M | 61.15M | 74.46M | 86.74M | 96.93M |
| EBIT | -2.83M | 31.86M | -104.76M | -2.94M | -8.08M | -17.51M | 15.27M | 7.58M |
| Net Interest Income | -1.59M | -953K | -3.11M | -984K | -2.05M | -4.16M | 4.14M | 5.25M |
| Interest Income | 526K | 1.08M | 0 | 0 | 0 | 0 | 4.14M | 5.25M |
| Interest Expense | 2.12M | 2.04M | 3.11M | 984K | 2.05M | 4.16M | 0 | 0 |
| Other Income/Expense | -34.41M | -953K | -3.11M | -984K | -2.05M | -4.16M | 4.14M | 15.43M |
| Pretax Income | -4.43M▲ 0% | 30.9M▲ 798.0% | -107.87M▼ 449.1% | -3.93M▲ 96.4% | -10.13M▼ 158.0% | -21.67M▼ 114.0% | 1.91M▲ 108.8% | 7.58M▲ 297.0% |
| Pretax Margin % | -1.63% | 9.61% | -28.79% | -0.92% | -2.06% | -3.79% | 0.29% | 1.01% |
| Income Tax | 1.68M | -155K | -32.79M | -2.45M | 2.17M | -8.58M | 54.64M | 368K |
| Effective Tax Rate % | -37.93% | -0.5% | 30.4% | 62.33% | -21.46% | 39.59% | 2862.13% | 4.86% |
| Net Income | -6.11M▲ 0% | 31.06M▲ 608.6% | -75.08M▼ 341.8% | -1.48M▲ 98.0% | -12.3M▼ 731.9% | -13.09M▼ 6.4% | -52.73M▼ 302.7% | 7.21M▲ 113.7% |
| Net Margin % | -2.24% | 9.66% | -20.04% | -0.35% | -2.5% | -2.29% | -7.91% | 0.96% |
| Net Income Growth % | - | 608.63% | -341.75% | 98.03% | -731.91% | -6.41% | -302.73% | 113.68% |
| Net Income (Continuing) | -6.11M | 31.06M | -75.08M | -1.48M | -12.3M | -13.09M | -52.73M | 7.21M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.05▲ 0% | 0.21▲ 545.9% | -0.60▼ 385.7% | -0.01▲ 98.3% | -0.08▼ 700.0% | -0.09▼ 12.5% | -0.34▼ 277.8% | 0.04▲ 111.8% |
| EPS Growth % | - | 545.86% | -385.71% | 98.33% | -700% | -12.5% | -277.78% | 111.76% |
| EPS (Basic) | -0.05 | 0.21 | -0.60 | -0.01 | -0.08 | -0.09 | -0.34 | 0.05 |
| Diluted Shares Outstanding | 129.63M | 146.17M | 131.51M | 147.78M | 149.65M | 151.86M | 155.09M | 180.28M |
| Basic Shares Outstanding | 124.33M | 146.17M | 131.51M | 147.78M | 149.65M | 151.86M | 155.09M | 144.22M |
| Dividend Payout Ratio | - | 91.98% | - | - | - | - | - | - |
Vertex, Inc. (VERX) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|
| Total Current Assets | 132.32M | 165.56M | 402.69M | 195.67M | 243.15M | 266.62M | 536.33M | 560.71M |
| Cash & Short-Term Investments | 55.84M | 75.9M | 303.05M | 73.33M | 102.98M | 77.72M | 305.21M | 314.01M |
| Cash Only | 55.84M | 75.9M | 303.05M | 73.33M | 91.8M | 68.17M | 296.05M | 314.01M |
| Short-Term Investments | 0 | 0 | 0 | 0 | 11.17M | 9.54M | 9.16M | 0 |
| Accounts Receivable | 62.23M | 70.37M | 77.16M | 76.93M | 102.89M | 141.75M | 164.43M | 183.45M |
| Days Sales Outstanding | 83.39 | 79.89 | 75.17 | 65.98 | 76.39 | 90.39 | 90.01 | 89.46 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - |
| Other Current Assets | 14.25M | 7.59M | 9.22M | 24.87M | 14.95M | 24.97M | 34.1M | 24.29M |
| Total Non-Current Assets | 82.75M | 99.07M | 156.09M | 474.54M | 476.05M | 493.31M | 630.46M | 710.13M |
| Property, Plant & Equipment | 49.48M | 54.73M | 56.56M | 118.64M | 118.28M | 115.34M | 189.51M | 219.41M |
| Fixed Asset Turnover | 5.51x | 5.87x | 6.62x | 3.59x | 4.16x | 4.96x | 3.52x | 3.41x |
| Goodwill | 0 | 0 | 16.33M | 270.04M | 251.84M | 257.84M | 357.82M | 396.01M |
| Intangible Assets | 23.07M | 32.08M | 34.37M | 36.1M | 44.19M | 41.17M | 41.55M | 35.48M |
| Long-Term Investments | 8.83M | 0 | 0 | 0 | 0 | 0 | 0 | 15M |
| Other Non-Current Assets | 10.2M | 12.04M | 15.01M | 14.46M | 30.8M | 37.25M | 41.55M | 44.24M |
| Total Assets | 215.07M▲ 0% | 264.62M▲ 23.0% | 558.78M▲ 111.2% | 670.21M▲ 19.9% | 719.19M▲ 7.3% | 759.93M▲ 5.7% | 1.17B▲ 53.5% | 1.27B▲ 8.9% |
| Asset Turnover | 1.27x | 1.21x | 0.67x | 0.63x | 0.68x | 0.75x | 0.57x | 0.59x |
| Asset Growth % | - | 23.04% | 111.16% | 19.94% | 7.31% | 5.66% | 53.54% | 8.92% |
| Total Current Liabilities | 238.75M | 334.53M | 291.97M | 369.13M | 403.21M | 440.78M | 537.38M | 574.66M |
| Accounts Payable | 6.86M | 10.73M | 8.88M | 13M | 14.33M | 23.6M | 36.22M | 37.56M |
| Days Payables Outstanding | 26.16 | 35.48 | 19.59 | 29.31 | 27.08 | 38.48 | 54.93 | 46.64 |
| Short-Term Debt | 4.91M | 50.8M | 0 | 0 | 2.19M | 2.5M | 0 | 4.28M |
| Deferred Revenue (Current) | 163.94M | 191.75M | 207.56M | 237.34M | 268.85M | 290.14M | 339.33M | 382.84M |
| Other Current Liabilities | 25.5M | 39.56M | 35.45M | 74.4M | 64.63M | 63.74M | 108.01M | 91.4M |
| Current Ratio | 0.55x | 0.49x | 1.38x | 0.53x | 0.60x | 0.60x | 1.00x | 0.98x |
| Quick Ratio | 0.55x | 0.49x | 1.38x | 0.53x | 0.60x | 0.60x | 1.00x | 0.98x |
| Cash Conversion Cycle | - | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 88.02M | 42.53M | 37.47M | 70.99M | 86.26M | 66.17M | 450.06M | 437.25M |
| Long-Term Debt | 49.97M | 682K | 0 | 0 | 46.71M | 44.06M | 335.22M | 346.38M |
| Capital Lease Obligations | 0 | 0 | 225K | 24.39M | 20.43M | 16.62M | 12.6M | 8.96M |
| Deferred Tax Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 9.92M | 5.66M |
| Other Non-Current Liabilities | 23.28M | 27.8M | 22.55M | 34.94M | 8.83M | 2.91M | 87.49M | 71.04M |
| Total Liabilities | 326.77M | 377.06M | 329.44M | 440.12M | 489.47M | 506.95M | 987.44M | 1.01B |
| Total Debt | 54.88M | 51.49M | 1.11M | 28.61M | 73.52M | 66.97M | 351.89M | 359.62M |
| Net Debt | -955K | -24.42M | -301.94M | -44.73M | -18.29M | -1.21M | 55.84M | 45.61M |
| Debt / Equity | - | - | 0.00x | 0.12x | 0.32x | 0.26x | 1.96x | 1.39x |
| Debt / EBITDA | 2.49x | 0.90x | - | 0.68x | 1.39x | 1.18x | 4.16x | 4.04x |
| Net Debt / EBITDA | -0.04x | -0.43x | - | -1.07x | -0.34x | -0.02x | 0.66x | 0.51x |
| Interest Coverage | -1.34x | 15.65x | -33.67x | -2.99x | -3.95x | -4.21x | - | - |
| Total Equity | -111.7M▲ 0% | -112.43M▼ 0.7% | 229.34M▲ 304.0% | 230.08M▲ 0.3% | 229.72M▼ 0.2% | 252.98M▲ 10.1% | 179.35M▼ 29.1% | 258.92M▲ 44.4% |
| Equity Growth % | - | -0.66% | 303.98% | 0.32% | -0.16% | 10.12% | -29.1% | 44.36% |
| Book Value per Share | -0.86 | -0.77 | 1.74 | 1.56 | 1.54 | 1.67 | 1.16 | 1.44 |
| Total Shareholders' Equity | -111.7M | -112.43M | 229.34M | 230.08M | 229.72M | 252.98M | 179.35M | 258.92M |
| Common Stock | 54K | 54K | 146K | 149K | 150K | 154K | 157K | 159K |
| Retained Earnings | -88.04M | -90.7M | 25.78M | 24.81M | 12.51M | -586K | -53.31M | -46.1M |
| Treasury Stock | -37.8M | -38.64M | 0 | 0 | 0 | 0 | 0 | -10.09M |
| Accumulated OCI | -496K | -491K | -3.13M | -17.5M | -27.75M | -21.74M | -45.88M | -1.37M |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Vertex, Inc. (VERX) cash flow — operating, investing & free cash flow history
| Line item | Dec'18 | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|---|
| Cash from Operations | 80.45M | 92.5M | 59.54M | 90.29M | 63.85M | 74.33M | 164.82M | 165.54M |
| Operating CF Margin % | 29.53% | 28.77% | 15.89% | 21.22% | 12.99% | 12.99% | 24.72% | 22.12% |
| Operating CF Growth % | - | 14.98% | -35.63% | 51.64% | -29.28% | 16.42% | 121.74% | 0.44% |
| Net Income | -6.11M | 31.06M | -75.08M | -1.48M | -12.3M | -13.09M | -52.73M | 7.21M |
| Depreciation & Amortization | 24.9M | 25.19M | 32.22M | 44.78M | 61.15M | 74.46M | 86.74M | 96.93M |
| Stock-Based Compensation | 5.11M | 9.46M | 147.9M | 26.16M | 19.73M | 33.92M | 47.42M | 57.76M |
| Deferred Taxes | 847K | -848K | -33.5M | -3.12M | -1.34M | -11.57M | 51.07M | -5.39M |
| Other Non-Cash Items | 33.25M | 1.54M | -20.76M | 5.01M | 7.83M | 10.27M | 20.51M | -8.76M |
| Working Capital Changes | 22.45M | 26.1M | 8.77M | 18.93M | -11.21M | -19.65M | 11.81M | 17.79M |
| Change in Receivables | -16.96M | -10.12M | -6.76M | 2.96M | -25.66M | -45.22M | -22.08M | -12.88M |
| Change in Inventory | 2.09M | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 3.4M | 3.87M | -1.84M | 3.85M | 1.37M | 9.24M | 11.62M | 1.23M |
| Cash from Investing | -33.31M | -37.56M | -44.38M | -294.78M | -72.05M | -66.17M | -158.15M | -123.75M |
| Capital Expenditures | -33.31M | -20.34M | -20.95M | -31.71M | -45.53M | -49.26M | -65.77M | -96.24M |
| CapEx % of Revenue | 12.23% | 6.33% | 5.59% | 7.45% | 9.26% | 8.61% | 9.86% | 12.86% |
| Acquisitions | 0 | 0 | -11.57M | -251.41M | -474K | 0 | -71.75M | 0 |
| Investments | - | - | - | - | - | - | - | - |
| Other Investing | -12.26M | -17.22M | -11.85M | -11.66M | -14.89M | -18.97M | -21.34M | -36.72M |
| Cash from Financing | -30.7M | -30.63M | 213.63M | -9.1M | 17.09M | -26.48M | 231.26M | -32.78M |
| Debt Issued (Net) | -3.28M | -5.57M | -51.25M | -964K | 47.71M | -2.29M | 294.13M | -4.4M |
| Equity Issued (Net) | -1.28M | -841K | 423.02M | 0 | 0 | 0 | 11.46M | 1.85M |
| Dividends Paid | -28.02M | -28.57M | -146.12M | -2.7M | -536K | 0 | 0 | 0 |
| Share Repurchases | -1.28M | -841K | 0 | 0 | 0 | 0 | 0 | -10.09M |
| Other Financing | 1.89M | 4.34M | -12.03M | -5.43M | -30.08M | -24.19M | -74.33M | -30.23M |
| Net Change in Cash | 16.04M▲ 0% | 24.32M▲ 51.7% | 228.78M▲ 840.7% | -214.07M▼ 193.6% | 8.54M▲ 104.0% | -17.6M▼ 306.0% | 236.91M▲ 1446.3% | 12.23M▼ 94.8% |
| Free Cash Flow | 47.13M▲ 0% | 54.94M▲ 16.6% | 26.74M▼ 51.3% | 46.92M▲ 75.5% | 3.43M▼ 92.7% | 6.1M▲ 77.9% | 99.05M▲ 1524.1% | 69.31M▼ 30.0% |
| FCF Margin % | 17.3% | 17.09% | 7.14% | 11.03% | 0.7% | 1.07% | 14.86% | 9.26% |
| FCF Growth % | - | 16.55% | -51.33% | 75.49% | -92.69% | 77.92% | 1524.07% | -30.03% |
| FCF per Share | 0.36 | 0.38 | 0.20 | 0.32 | 0.02 | 0.04 | 0.64 | 0.38 |
| FCF Conversion (FCF/Net Income) | -13.18x | 2.98x | -0.79x | -61.05x | -5.19x | -5.68x | -3.13x | 22.96x |
| Interest Paid | 0 | 0 | 2.46M | 223K | 2.22M | 3.73M | 3.29M | 0 |
| Taxes Paid | 0 | 0 | 588K | 1.29M | 3.06M | 5.65M | 8.59M | 0 |
Vertex, Inc. (VERX) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | - | - | -128.44% | -0.64% | -5.35% | -5.42% | -24.39% | 3.29% |
| Return on Invested Capital (ROIC) | - | - | - | -3.91% | -3.06% | -5.67% | -0.69% | -2.18% |
| Gross Margin | 64.87% | 65.67% | 55.86% | 61.96% | 60.72% | 60.9% | 63.91% | 60.73% |
| Net Margin | -2.24% | 9.66% | -20.04% | -0.35% | -2.5% | -2.29% | -7.91% | 0.96% |
| Debt / Equity | - | - | 0.00x | 0.12x | 0.32x | 0.26x | 1.96x | 1.39x |
| Interest Coverage | -1.34x | 15.65x | -33.67x | -2.99x | -3.95x | -4.21x | - | - |
| FCF Conversion | -13.18x | 2.98x | -0.79x | -61.05x | -5.19x | -5.68x | -3.13x | 22.96x |
| Revenue Growth | - | 18.02% | 16.54% | 13.58% | 15.53% | 16.43% | 16.49% | 12.25% |
Vertex, Inc. (VERX) SEC filings — annual & quarterly reports (10-K, 10-Q)
Apr 28, 2026·SEC
Feb 11, 2026·SEC
Nov 20, 2025·SEC
Vertex, Inc. (VERX) stock FAQ — growth, dividends, profitability & financials explained
Vertex, Inc. (VERX) reported $748.4M in revenue for fiscal year 2025. This represents a 175% increase from $272.4M in 2018.
Vertex, Inc. (VERX) grew revenue by 12.2% over the past year. This is steady growth.
Yes, Vertex, Inc. (VERX) is profitable, generating $7.2M in net income for fiscal year 2025 (1.0% net margin).
Vertex, Inc. (VERX) has a return on equity (ROE) of 3.3%. This is below average, suggesting room for improvement.
Vertex, Inc. (VERX) generated $73.6M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
Vertex, Inc. (VERX) financial analysis — history, returns, DCA and operating performance tools
Historical returns with dividends reinvested
Dollar cost averaging vs lump sum
Yield, growth, payout safety & DRIP
EPS trends, net income & profitability
Long-term charts & historical price data
Sales growth patterns & revenue breakdown
30 years of market, efficiency and balance-sheet ratios
DCF intrinsic value, peer multiples & estimates