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VERX logoVertex, Inc.(VERX)Earnings, Financials & Key Ratios

VERX•NASDAQ
$12.65
$2.02B mkt cap·316.1× P/E·Price updated May 6, 2026
SectorTechnologyIndustryApplication SoftwareSub-IndustryFinancial services and insurance software
AboutVertex, Inc. provides tax technology solutions for corporations in retail, communication, leasing, and manufacturing industries in the United States and internationally. It offers tax determination, compliance and reporting, tax data management, document management, pre-built integration, and industry-specific solutions. The company sells its software products through software license and software as a service subscriptions. It also provides implementation and training services in connection with its software license and cloud subscriptions, transaction tax returns outsourcing, and other tax-related services. Vertex, Inc. was founded in 1978 and is headquartered in King of Prussia, Pennsylvania.Show more
  • Revenue$748M+12.2%
  • EBITDA$89M+5.4%
  • Net Income$7M+113.7%
  • EPS (Diluted)0.04+111.8%
  • Gross Margin60.73%-5.0%
  • EBITDA Margin11.9%-6.1%
  • Operating Margin-1.05%-213.8%
  • Net Margin0.96%+112.2%
  • ROE3.29%+113.5%
  • ROIC-2.18%-217.7%
  • Debt/Equity1.39-29.2%
Technical→

VERX Key Insights

Vertex, Inc. (VERX) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Strong 5Y sales CAGR of 14.8%

✗Weaknesses

  • ✗Weak momentum: RS Rating 12 (bottom 12%)
  • ✗Shares diluted 16.2% in last year
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

VERX Price & Volume

Vertex, Inc. (VERX) stock price & volume — 10-year historical chart

Loading chart...

VERX Growth Metrics

Vertex, Inc. (VERX) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years14.84%
3 Years15.04%
TTM12.25%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM113.68%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM114.82%

Return on Capital

10 Years-19.54%
5 Years-2.16%
3 Years-2.39%
Last Year-1.18%

VERX Recent Earnings

Vertex, Inc. (VERX) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 8/12 qtrs (67%)●Beat Revenue 8/12 qtrs (67%)
Q1 2026Latest
Feb 11, 2026
EPS
$0.17
Est $0.17
+0.0%
Revenue
$195M
Est $194M
+0.2%
Q4 2025
Nov 3, 2025
EPS
$0.17
Est $0.17
+0.0%
Revenue
$192M
Est $194M
-1.1%
Q3 2025
Aug 6, 2025
EPS
$0.15
Est $0.14
+7.1%
Revenue
$185M
Est $193M
-4.3%
Q2 2025
May 7, 2025
EPS
$0.15
Est $0.13
+15.4%
Revenue
$177M
Est $185M
-4.2%
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q1 2026LatestFeb 11, 2026
$0.17vs $0.17+0.0%
$195Mvs $194M+0.2%
Q4 2025Nov 3, 2025
$0.17vs $0.17+0.0%
$192Mvs $194M-1.1%
Q3 2025Aug 6, 2025
$0.15vs $0.14+7.1%
$185Mvs $193M-4.3%
Q2 2025May 7, 2025
$0.15vs $0.13+15.4%
$177Mvs $185M-4.2%
Based on last 12 quarters of dataView full earnings history →

VERX Peer Comparison

Vertex, Inc. (VERX) competitors in Financial services and insurance software — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
HYFM logoHYFMHydrofarm Holdings Group, Inc.Direct Competitor5.32M1.14-0.08-16.02%-44.49%-32.29%0.76
RYAN logoRYANRyan Specialty Holdings, Inc.Direct Competitor3.81B29.3962.5321.28%4.17%10.77%2.82
INTU logoINTUIntuit Inc.Product Competitor108.46B388.5528.4215.63%21.57%22.78%0.34
ADP logoADPAutomatic Data Processing, Inc.Product Competitor83.43B207.2020.767.07%20.12%68.69%1.46
PCTY logoPCTYPaylocity Holding CorporationProduct Competitor5.52B102.5325.5113.74%14.19%21.69%0.18
PAYC logoPAYCPaycom Software, Inc.Product Competitor6.86B126.3215.638.95%22.44%31.03%0.09
SAP logoSAPSAP SESupply Chain201.74B173.1324.637.68%19.12%15.67%0.18
ORCL logoORCLOracle CorporationSupply Chain557.72B193.9944.708.38%25.3%56.31%4.96

Compare VERX vs Peers

Vertex, Inc. (VERX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs HYFM

Most directly comparable listed peer for VERX.

Scale Benchmark

vs MSFT

Larger-name benchmark to compare VERX against a more recognizable public peer.

Peer Set

Compare Top 5

vs HYFM, RYAN, INTU, ADP

VERX Income Statement

Vertex, Inc. (VERX) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
Line itemDec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Sales/Revenue272.4M321.5M374.67M425.55M491.62M572.39M666.78M748.44M
Revenue Growth %-18.02%16.54%13.58%15.53%16.43%16.49%12.25%
Cost of Goods Sold95.7M110.38M165.39M161.89M193.13M223.81M240.65M293.93M
COGS % of Revenue35.13%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 Expenses146.85M179.27M314.04M266.6M306.57M366.09M428.35M462.36M
OpEx % of Revenue53.91%55.76%83.82%62.65%62.36%63.96%64.24%61.78%
Selling, General & Admin115.84M139.14M248.47M206.01M246.99M286.17M323.41M368.35M
SG&A % of Revenue42.53%43.28%66.32%48.41%50.24%50%48.5%49.22%
Research & Development23.75M30.56M54.34M44.02M41.88M58.21M66.67M83.72M
R&D % of Revenue8.72%9.5%14.5%10.34%8.52%10.17%10%11.19%
Other Operating Expenses7.25M9.57M11.22M16.57M17.71M21.7M38.28M10.29M
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%
EBITDA22.07M57.05M-72.54M41.84M53.07M56.95M84.51M89.08M
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)24.9M25.19M32.22M44.78M61.15M74.46M86.74M96.93M
EBIT-2.83M31.86M-104.76M-2.94M-8.08M-17.51M15.27M7.58M
Net Interest Income-1.59M-953K-3.11M-984K-2.05M-4.16M4.14M5.25M
Interest Income526K1.08M00004.14M5.25M
Interest Expense2.12M2.04M3.11M984K2.05M4.16M00
Other Income/Expense-34.41M-953K-3.11M-984K-2.05M-4.16M4.14M15.43M
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 Tax1.68M-155K-32.79M-2.45M2.17M-8.58M54.64M368K
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)-6.11M31.06M-75.08M-1.48M-12.3M-13.09M-52.73M7.21M
Discontinued Operations00000000
Minority Interest00000000
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)-0.050.21-0.60-0.01-0.08-0.09-0.340.05
Diluted Shares Outstanding129.63M146.17M131.51M147.78M149.65M151.86M155.09M180.28M
Basic Shares Outstanding124.33M146.17M131.51M147.78M149.65M151.86M155.09M144.22M
Dividend Payout Ratio-91.98%------

VERX Balance Sheet

Vertex, Inc. (VERX) balance sheet — assets, liabilities & shareholders' equity

Line itemDec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Total Current Assets132.32M165.56M402.69M195.67M243.15M266.62M536.33M560.71M
Cash & Short-Term Investments55.84M75.9M303.05M73.33M102.98M77.72M305.21M314.01M
Cash Only55.84M75.9M303.05M73.33M91.8M68.17M296.05M314.01M
Short-Term Investments000011.17M9.54M9.16M0
Accounts Receivable62.23M70.37M77.16M76.93M102.89M141.75M164.43M183.45M
Days Sales Outstanding83.3979.8975.1765.9876.3990.3990.0189.46
Inventory00000000
Days Inventory Outstanding--------
Other Current Assets14.25M7.59M9.22M24.87M14.95M24.97M34.1M24.29M
Total Non-Current Assets82.75M99.07M156.09M474.54M476.05M493.31M630.46M710.13M
Property, Plant & Equipment49.48M54.73M56.56M118.64M118.28M115.34M189.51M219.41M
Fixed Asset Turnover5.51x5.87x6.62x3.59x4.16x4.96x3.52x3.41x
Goodwill0016.33M270.04M251.84M257.84M357.82M396.01M
Intangible Assets23.07M32.08M34.37M36.1M44.19M41.17M41.55M35.48M
Long-Term Investments8.83M00000015M
Other Non-Current Assets10.2M12.04M15.01M14.46M30.8M37.25M41.55M44.24M
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 Turnover1.27x1.21x0.67x0.63x0.68x0.75x0.57x0.59x
Asset Growth %-23.04%111.16%19.94%7.31%5.66%53.54%8.92%
Total Current Liabilities238.75M334.53M291.97M369.13M403.21M440.78M537.38M574.66M
Accounts Payable6.86M10.73M8.88M13M14.33M23.6M36.22M37.56M
Days Payables Outstanding26.1635.4819.5929.3127.0838.4854.9346.64
Short-Term Debt4.91M50.8M002.19M2.5M04.28M
Deferred Revenue (Current)163.94M191.75M207.56M237.34M268.85M290.14M339.33M382.84M
Other Current Liabilities25.5M39.56M35.45M74.4M64.63M63.74M108.01M91.4M
Current Ratio0.55x0.49x1.38x0.53x0.60x0.60x1.00x0.98x
Quick Ratio0.55x0.49x1.38x0.53x0.60x0.60x1.00x0.98x
Cash Conversion Cycle--------
Total Non-Current Liabilities88.02M42.53M37.47M70.99M86.26M66.17M450.06M437.25M
Long-Term Debt49.97M682K0046.71M44.06M335.22M346.38M
Capital Lease Obligations00225K24.39M20.43M16.62M12.6M8.96M
Deferred Tax Liabilities0000009.92M5.66M
Other Non-Current Liabilities23.28M27.8M22.55M34.94M8.83M2.91M87.49M71.04M
Total Liabilities326.77M377.06M329.44M440.12M489.47M506.95M987.44M1.01B
Total Debt54.88M51.49M1.11M28.61M73.52M66.97M351.89M359.62M
Net Debt-955K-24.42M-301.94M-44.73M-18.29M-1.21M55.84M45.61M
Debt / Equity--0.00x0.12x0.32x0.26x1.96x1.39x
Debt / EBITDA2.49x0.90x-0.68x1.39x1.18x4.16x4.04x
Net Debt / EBITDA-0.04x-0.43x--1.07x-0.34x-0.02x0.66x0.51x
Interest Coverage-1.34x15.65x-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-0.86-0.771.741.561.541.671.161.44
Total Shareholders' Equity-111.7M-112.43M229.34M230.08M229.72M252.98M179.35M258.92M
Common Stock54K54K146K149K150K154K157K159K
Retained Earnings-88.04M-90.7M25.78M24.81M12.51M-586K-53.31M-46.1M
Treasury Stock-37.8M-38.64M00000-10.09M
Accumulated OCI-496K-491K-3.13M-17.5M-27.75M-21.74M-45.88M-1.37M
Minority Interest00000000

VERX Cash Flow Statement

Vertex, Inc. (VERX) cash flow — operating, investing & free cash flow history

Line itemDec'18Dec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25
Cash from Operations80.45M92.5M59.54M90.29M63.85M74.33M164.82M165.54M
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-6.11M31.06M-75.08M-1.48M-12.3M-13.09M-52.73M7.21M
Depreciation & Amortization24.9M25.19M32.22M44.78M61.15M74.46M86.74M96.93M
Stock-Based Compensation5.11M9.46M147.9M26.16M19.73M33.92M47.42M57.76M
Deferred Taxes847K-848K-33.5M-3.12M-1.34M-11.57M51.07M-5.39M
Other Non-Cash Items33.25M1.54M-20.76M5.01M7.83M10.27M20.51M-8.76M
Working Capital Changes22.45M26.1M8.77M18.93M-11.21M-19.65M11.81M17.79M
Change in Receivables-16.96M-10.12M-6.76M2.96M-25.66M-45.22M-22.08M-12.88M
Change in Inventory2.09M0000000
Change in Payables3.4M3.87M-1.84M3.85M1.37M9.24M11.62M1.23M
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 Revenue12.23%6.33%5.59%7.45%9.26%8.61%9.86%12.86%
Acquisitions00-11.57M-251.41M-474K0-71.75M0
Investments--------
Other Investing-12.26M-17.22M-11.85M-11.66M-14.89M-18.97M-21.34M-36.72M
Cash from Financing-30.7M-30.63M213.63M-9.1M17.09M-26.48M231.26M-32.78M
Debt Issued (Net)-3.28M-5.57M-51.25M-964K47.71M-2.29M294.13M-4.4M
Equity Issued (Net)-1.28M-841K423.02M00011.46M1.85M
Dividends Paid-28.02M-28.57M-146.12M-2.7M-536K000
Share Repurchases-1.28M-841K00000-10.09M
Other Financing1.89M4.34M-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 Share0.360.380.200.320.020.040.640.38
FCF Conversion (FCF/Net Income)-13.18x2.98x-0.79x-61.05x-5.19x-5.68x-3.13x22.96x
Interest Paid002.46M223K2.22M3.73M3.29M0
Taxes Paid00588K1.29M3.06M5.65M8.59M0

VERX Key Ratios

Vertex, Inc. (VERX) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric20182019202020212022202320242025
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 Margin64.87%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--0.00x0.12x0.32x0.26x1.96x1.39x
Interest Coverage-1.34x15.65x-33.67x-2.99x-3.95x-4.21x--
FCF Conversion-13.18x2.98x-0.79x-61.05x-5.19x-5.68x-3.13x22.96x
Revenue Growth-18.02%16.54%13.58%15.53%16.43%16.49%12.25%

VERX SEC Filings & Documents

Vertex, Inc. (VERX) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Apr 28, 2026·SEC

Material company update

Feb 11, 2026·SEC

Material company update

Nov 20, 2025·SEC

10-K Annual Reports

3
FY 2026

Feb 24, 2026·SEC

FY 2025

Feb 27, 2025·SEC

FY 2024

Feb 29, 2024·SEC

10-Q Quarterly Reports

6
FY 2025

Nov 3, 2025·SEC

FY 2025

Aug 6, 2025·SEC

FY 2025

May 7, 2025·SEC

VERX Frequently Asked Questions

Vertex, Inc. (VERX) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

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).

Dividend & Returns

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.

Explore More VERX

Vertex, Inc. (VERX) financial analysis — history, returns, DCA and operating performance tools

Total Return Calculator

Historical returns with dividends reinvested

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DCA Calculator

Dollar cost averaging vs lump sum

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Dividend History

Yield, growth, payout safety & DRIP

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Earnings History

EPS trends, net income & profitability

→

Price History

Long-term charts & historical price data

→

Revenue History

Sales growth patterns & revenue breakdown

→

Financial Ratios

30 years of market, efficiency and balance-sheet ratios

→

Valuation

DCF intrinsic value, peer multiples & estimates

→
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