Vertex, Inc. (VERX) Financial Statements
Industry: Prepackaged Software (Services)
In fiscal 2025, Vertex reported revenue of $748.4M, up 12.2% from $666.8M the year before. Net income was $7.2M (a 1.0% net margin), or $0.04 per diluted share. Gross margin was 64.3% and operating margin was 0.3%. Operating activities generated $165.5M of cash, leaving $93.8M of free cash flow. At fiscal year end, Vertex held $1.27B in total assets against $1.01B in total liabilities, including $314.0M of cash and equivalents.
Open the full interactive Vertex financials → Quarterly statements, key ratios, valuation history and price charts.
Vertex Key Stats
| Share Price | $12.72 |
|---|---|
| Market Cap | $1.05B |
| P/E Ratio | 318.0 |
| Revenue YoY Growth | +12.2% |
| 52-Week Range | $10.58 – $25.94 |
| Shares Outstanding | 82.2 million (basic, 2026 Q2) |
Vertex Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $374.7M | $425.5M | $491.6M | $572.4M | $666.8M | $748.4M |
| Cost of Goods Sold | $165.4M | $161.9M | $193.1M | $223.8M | $240.7M | $266.8M |
| Gross Profit | $209.3M | $263.7M | $298.5M | $348.6M | $426.1M | $481.6M |
| Operating Income | -$104.8M | -$2.9M | -$8.1M | -$17.5M | -$2.2M | $2.3M |
| Pre-Tax Income | -$107.9M | -$3.9M | -$10.1M | -$21.7M | $1.9M | $7.6M |
| Income Tax | -$28.9M | -$2.4M | $2.2M | -$8.6M | $54.6M | $368,000 |
| Net Income | -$78.9M | -$1.5M | -$12.3M | -$13.1M | -$52.7M | $7.2M |
| Diluted EPS | -$0.60 | -$0.01 | -$0.08 | -$0.09 | -$0.34 | $0.04 |
Vertex Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $192.1M | $194.7M | $196.6M | $204.0M |
| Net Income | $4.0M | -$7.0M | -$2.5M | $9.0M |
| Diluted EPS | $0.02 | -$0.08 | -$0.02 | $0.06 |
Vertex Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $303.1M | $73.3M | $91.8M | $68.2M | $296.1M | $314.0M |
| Current Assets | $402.7M | $195.7M | $241.2M | $266.6M | $536.3M | $560.7M |
| Total Assets | $554.9M | $670.2M | $719.2M | $759.9M | $1.17B | $1.27B |
| Current Liabilities | $292.0M | $369.1M | $403.2M | $440.8M | $537.4M | $574.7M |
| Total Long-Term Debt | $1.1M | — | $48.9M | $46.6M | $335.2M | $337.5M |
| Total Liabilities | $329.4M | $440.1M | $489.5M | $506.9M | $987.4M | $1.01B |
| Shareholders' Equity | $225.5M | $230.1M | $229.7M | $253.0M | $179.4M | $258.9M |
Vertex Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $59.5M | $92.0M | $76.8M | $74.3M | $164.8M | $165.5M |
| Cash From Investing | -$44.4M | -$296.5M | -$85.0M | -$66.2M | -$158.2M | -$123.7M |
| Cash From Financing | $213.6M | -$9.1M | $17.1M | -$26.5M | $231.3M | -$32.8M |
| Free Cash Flow | $38.6M | $58.6M | $18.3M | $25.1M | — | $93.8M |
| Dividends Paid | $146.1M | — | — | — | — | — |
Figures from Vertex's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Vertex financials page for every line item.
Vertex Company Profile
| Ticker | VERX |
|---|---|
| Exchange | Nasdaq |
| Industry | Prepackaged Software (Services) |
| Headquarters | King Of Prussia, Pennsylvania |
| Incorporated in | Delaware |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001806837 |
Frequently Asked Questions
What was Vertex's revenue in fiscal 2025?
Vertex (VERX) reported revenue of $748.4M for fiscal 2025.
What is Vertex's annual revenue history?
Vertex's annual revenue by fiscal year: 2020: $374.7M; 2021: $425.5M; 2022: $491.6M; 2023: $572.4M; 2024: $666.8M; 2025: $748.4M.
What was Vertex's net income in fiscal 2025?
Vertex reported net income of $7.2M for fiscal 2025.
What was Vertex's earnings per share (EPS) in fiscal 2025?
Vertex's diluted EPS was $0.04 for fiscal 2025 (adjusted for any later stock splits).
How much free cash flow did Vertex generate in fiscal 2025?
Vertex generated $93.8M of free cash flow in fiscal 2025.
What was Vertex's revenue last quarter?
In its most recent reported quarter (2026 Q2), Vertex reported revenue of $204.0M.
How much debt does Vertex have?
Vertex reported $337.5M of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Vertex are outstanding?
Vertex reported a weighted average of 82.2 million basic shares outstanding in 2026 Q2.
What is Vertex's market cap?
Based on its latest closing price, Vertex (VERX) has a market capitalization of about $1.05B.
When does Vertex's fiscal year end?
Vertex's fiscal year end, as registered with the SEC, is December 31.
Where is Vertex headquartered?
Vertex lists its business address in King Of Prussia, Pennsylvania in its SEC filings.