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Financials · VERX

Vertex Inc. (VERX) financials

For the twelve months ended Sep 30, 2026, Vertex Inc. reported $808.60M of revenue and -$47.10M of net income.

Revenue, TTM
$808.60M
Revenue growth, YoY
+10.4%
Net income, TTM
-$47.10M
Net margin
-5.8%
Cash
$217.80M
Total debt
$339.17M
P/S
3.47
Market cap
$2.81B
Annual revenue$748.44M
FY2018FY2025
Annual net income$7.21M
FY2018FY2025
Annual free cash flow$93.07M
FY2018FY2024

VERX revenue and earnings growth

VERX revenueQ3 2026$213.28M

Quarter YoY
+11.0%
QoQ
+4.6%
FY YoY
+12.2%
5Y CAGR
+14.8%

VERX revenue was $213.28M in fiscal Q3 2026 (ended Sep 30, 2026), up 11.0% from a year earlier and up 4.6% from the prior quarter. For the full fiscal 2025 it was $748.44M, up 12.2% from fiscal 2024. Compound annual growth was +14.8% over 5 years. It rose in each of the last 7 fiscal years. Fiscal 2025 is the highest of the 8 fiscal years on file.

VERX net incomeQ3 2026-$46.63M

VERX net income was -$46.63M in fiscal Q3 2026 (ended Sep 30, 2026), compared with $4.04M a year earlier. For the full fiscal 2025 it was $7.21M, compared with -$52.73M in fiscal 2024.

VERX free cash flowQ3 2026$53.19M

QoQ
+72.2%
FY YoY
+271.2%
5Y CAGR
+5.2%

VERX free cash flow was $53.19M in fiscal Q3 2026 (ended Sep 30, 2026), up 72.2% from the prior quarter. For the full fiscal 2024 it was $93.07M, up 271.2% from fiscal 2023. Compound annual growth was +5.2% over 5 years. It rose in 4 of the last 6 fiscal years. Fiscal 2024 is the highest of the 7 fiscal years on file.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
Revenue$748.44M$666.78M$572.39M$491.62M$425.55M$374.67M$321.50M$272.40M
Cost of revenue$266.84M$240.65M$223.81M$193.13M$161.89M$165.39M$110.38M$95.70M
Gross profit$481.60M$426.13M$348.58M$298.49M$263.66M$209.28M$211.12M$176.71M
Research and development$83.72M$66.67M$58.21M$41.88M$44.02M$54.34M$30.56M$23.75M
Selling, general and admin$178.69M$152.84M$145.94M$121.65M$107.01M$149.06M$71.01M$58.95M
Operating income$2.33M-$2.23M-$17.51M-$8.08M-$2.94M-$104.76M$31.86M-$2.83M
Pre-tax income$7.58M$1.91M-$21.67M-$10.13M-$3.93M-$107.87M$30.90M-$4.43M
Income tax$368.0K$54.64M-$8.58M$2.17M-$2.45M-$32.79M-$155.0K$1.68M
Net income$7.21M-$52.73M-$13.09M-$12.30M-$1.48M-$75.08M$31.06M-$6.11M

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
Cash and equivalents$314.01M$326.07M$68.17M$106.75M$98.21M$312.27M$83.50M$59.17M
Receivables$183.45M$164.43M$141.75M$102.89M$76.93M$77.16M$70.37M$62.23M
Current assets$560.71M$536.33M$266.62M$243.15M$195.67M$402.69M$165.56M-
Goodwill$392.49M$357.82M$257.84M$251.84M$270.04M$16.33M$0-
Total assets$1.27B$1.17B$759.93M$719.19M$670.21M$558.78M$264.62M-
Current liabilities$574.66M$537.38M$440.78M$403.21M$369.13M$291.97M$334.53M-
Short-term debt--$2.50M$2.19M-$882.0K$50.80M-
Long-term debt$337.48M$335.22M$44.06M$46.71M-$225.0K$682.0K-
Total debt$337.48M$335.22M$46.56M$48.90M-$1.11M$51.49M-
Total liabilities$1.01B$987.44M$506.95M$489.47M$440.12M$329.44M$377.06M-
Shareholders' equity$258.92M$179.35M$252.98M$229.72M$230.08M$229.34M-$129.78M-$126.28M

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
Operating cash flow$165.54M$164.82M$74.33M$63.85M$90.29M$59.54M$92.50M$80.45M
Capital expenditures-$71.75M$49.26M$45.53M$31.71M$20.95M$20.34M$21.05M
Free cash flow-$93.07M$25.07M$18.32M$58.58M$38.59M$72.16M$59.40M
Investing cash flow-$123.75M-$158.15M-$66.17M-$72.05M-$294.78M-$44.38M-$37.56M-$33.31M
Financing cash flow-$32.78M$231.26M-$26.48M$17.09M-$9.10M$213.63M-$30.63M-$30.70M
Dividends paid-----$146.12M$28.57M$28.02M
Share repurchases$10.09M-----$841.0K$1.28M
Stock-based compensation$57.76M$47.42M$33.92M$19.73M$26.16M$147.90M$9.46M$5.11M
Depreciation and amortization$96.93M$82.73M$71.89M$61.15M$44.78M$32.22M$25.19M$24.90M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
Revenue growth, YoY12.2%16.5%16.4%15.5%13.6%16.5%18.0%-
Gross margin64.3%63.9%60.9%60.7%62.0%55.9%65.7%64.9%
Operating margin0.3%-0.3%-3.1%-1.6%-0.7%-28.0%9.9%-1.0%
Net margin1.0%-7.9%-2.3%-2.5%-0.3%-20.0%9.7%-2.2%
Free cash flow margin-14.0%4.4%3.7%13.8%10.3%22.4%21.8%
Return on equity2.8%-29.4%-5.2%-5.4%-0.6%-32.7%--
Return on assets0.6%-4.5%-1.7%-1.7%-0.2%-13.4%11.7%-
Current ratio0.981.000.600.600.531.380.49-
Debt to equity1.301.870.180.21-0.00--

Source: XBRL data Vertex Inc. files with the SEC, latest filing dated Nov 5, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

VERX peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
VERX$808.60M+10.4%-$47.10M-5.8%$2.81B
MSFT$346.44B+17.9%$142.63B41.2%$4.05T
PLTR$7.29B+87.1%$3.67B50.3%$407.69B
ORCL$71.78B+21.6%$18.92B26.4%$362.21B
SAP€36.80B+7.7%€7.16B19.5%$291.67B
CRWD$5.40B+24.3%$58.46M1.1%$234.05B
SHOP$14.17B+32.5%$2.13B15.0%$195.63B
CRM$43.94B+11.2%$9.66B22.0%$176.90B
NOW$15.43B+21.8%$1.45B9.4%$106.66B

VERX FAQ

7 questions
  • What is VERX revenue?
    Vertex Inc. (VERX) reported $808.60M of revenue for the twelve months ended Sep 30, 2026. That is up 10.4% from the year before. Revenue for fiscal 2025 was $748.44M.
  • Is VERX profitable?
    No. Vertex Inc. reported a net loss of $47.10M for the twelve months ended Sep 30, 2026.
  • How much cash and debt does VERX have?
    Vertex Inc. reported $217.80M in cash and cash equivalents and $339.17M of debt on its most recent balance sheet in SEC filings.
  • How fast is VERX revenue growing?
    Vertex Inc.'s revenue changed +12.2% in fiscal 2025, to $748.44M. Its compound annual growth rate was +14.8% over 5 years.
  • What is VERX gross margin?
    Vertex Inc.'s gross profit was $522.47M on $808.60M of revenue for the twelve months ended Sep 30, 2026, a gross margin of 64.6%.
  • When did VERX last report financial results?
    The latest statements here come from Vertex Inc.'s 10-Q filed on Nov 5, 2026, covering the period ended Sep 30, 2026.
  • Where does this VERX financial data come from?
    Quantisnow builds these statements from the structured XBRL data Vertex Inc. files with the SEC. It is provided for information only and is not investment advice.