VERX

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Vertex, Inc.

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Key Metrics

Previous Close: $13.52
52-Week Range: $10.21 – $26.54
Market Cap: $2.20B
P/E (TTM): 679.00
EPS (TTM): 0.02
Dividend Yield: —

Advanced Metrics

Price/Book: 8.88
PEG Ratio: —
Return on Equity: 1.46%
Return on Assets: 0.65%
Gross Margin: 63.95%
Operating Margin: 3.37%
Profit Margin: 0.45%
Current Ratio: 0.87
Debt/Equity: 1.45
Total Debt: $349.92M
Free Cash Flow: $70.86M
Revenue Growth: 10.50%
Earnings Growth: —
Enterprise Value: $2.31B

VERX Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$491.62M	$572.39M	$666.78M	$748.44M
Cost of Revenue	$193.13M	$223.81M	$240.65M	$266.84M
Gross Profit	$298.49M	$348.58M	$426.13M	$481.60M
Research & Development	$41.88M	$58.21M	$66.67M	$83.72M
Selling, General & Admin	$246.99M	$286.17M	$323.41M	$375.17M
Operating Expenses	$306.57M	$366.09M	$410.85M	$496.27M
Operating Income	-$8.08M	-$17.51M	$15.27M	-$14.67M
EBITDA	$53.07M	$56.95M	$102.01M	$86.00M
Pretax Income	-$10.13M	-$21.67M	$1.91M	$7.58M
Income Tax	$2.17M	-$8.58M	$54.64M	$368.00K
Net Income	-$12.30M	-$13.09M	-$52.73M	$7.21M
Diluted EPS	-0.08	-0.09	-0.34	0.04
Diluted Shares	149.65M	151.86M	155.09M	180.28M

VERX Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$91.80M	$68.17M	$296.05M	$314.01M
Receivables	$102.89M	$141.75M	$164.43M	$183.45M
Current Assets	$243.15M	$266.62M	$536.33M	$560.71M
Total Assets	$719.19M	$759.93M	$1.17B	$1.27B
Current Liabilities	$403.21M	$440.78M	$537.38M	$574.66M
Long-Term Debt	$46.71M	$44.06M	$335.22M	$337.48M
Total Debt	$73.52M	$66.97M	$351.89M	$350.77M
Total Liabilities	$489.47M	$506.95M	$987.44M	$1.01B
Retained Earnings	$12.51M	-$586.00K	-$53.31M	-$46.10M
Shareholders' Equity	$229.72M	$252.98M	$179.35M	$258.92M
Working Capital	-$160.06M	-$174.16M	-$1.04M	-$13.96M
Net Debt	—	—	$39.17M	$23.47M

VERX Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	$63.85M	$74.33M	$164.82M	$165.54M
Capital Expenditure	-$60.42M	-$68.23M	-$87.11M	-$117.95M
Free Cash Flow	$3.43M	$6.10M	$77.71M	$47.59M
Depreciation & Amortisation	$61.15M	$74.46M	$86.74M	$100.67M
Stock-Based Compensation	$19.73M	$33.92M	$47.42M	$57.76M
Investing Cash Flow	-$72.05M	-$66.17M	-$158.15M	-$123.75M
Financing Cash Flow	$17.09M	-$26.48M	$231.26M	-$32.78M
Dividends Paid	-$536.00K	$0.00	$0.00	—
Share Repurchases	—	$0.00	$0.00	-$10.09M
Net Change in Cash	$8.89M	-$18.32M	$237.93M	$9.02M

VERX Income statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Revenue	$184.56M	$192.11M	$194.71M	$196.65M	$203.97M
Cost of Revenue	$63.36M	$70.80M	$68.62M	$71.78M	$72.67M
Gross Profit	$121.20M	$121.32M	$126.09M	$124.87M	$131.30M
Research & Development	$20.58M	$19.93M	$22.32M	$24.55M	$24.80M
Selling, General & Admin	$91.85M	$91.99M	$98.15M	$106.97M	$103.04M
Operating Expenses	$122.76M	$121.00M	$129.30M	$141.21M	$135.84M
Operating Income	-$1.56M	$320.00K	-$3.21M	-$16.34M	-$4.54M
EBITDA	$22.88M	$26.29M	$23.77M	$11.75M	$25.94M
Pretax Income	-$2.64M	$5.57M	-$1.38M	-$9.65M	-$4.10M
Income Tax	-$1.68M	$1.52M	$5.63M	-$7.14M	-$13.14M
Net Income	-$961.00K	$4.04M	-$7.00M	-$2.51M	$9.04M
Diluted EPS	-0.01	0.02	-0.04	-0.02	0.06
Diluted Shares	172.09M	171.67M	175.07M	160.40M	161.39M

VERX Balance Sheet statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Cash & Equivalents	$284.39M	$313.51M	$314.01M	$252.46M	$230.49M
Receivables	$143.66M	$131.50M	$183.45M	$159.00M	$153.43M
Current Assets	$502.73M	$518.83M	$560.71M	$488.51M	$491.94M
Total Assets	$1.20B	$1.22B	$1.27B	$1.21B	$1.21B
Current Liabilities	$506.32M	$515.94M	$574.66M	$566.58M	$564.42M
Long-Term Debt	$336.35M	$336.91M	$337.48M	$338.04M	$338.61M
Total Debt	$351.89M	$351.37M	$350.77M	$350.14M	$349.92M
Total Liabilities	$950.15M	$957.39M	$1.01B	$967.86M	$969.04M
Retained Earnings	-$43.15M	-$39.10M	-$46.10M	-$48.61M	-$39.57M
Shareholders' Equity	$248.04M	$264.47M	$258.92M	$246.50M	$241.11M
Working Capital	-$3.59M	$2.89M	-$13.96M	-$78.07M	-$72.47M
Net Debt	$51.96M	$23.41M	$23.47M	$85.59M	$108.12M

VERX Cash Flow statement, quarterly periods, in USD
USD	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Operating Cash Flow	$46.00M	$62.47M	$42.27M	$37.98M	$30.90M
Capital Expenditure	-$26.42M	-$32.31M	-$32.17M	-$30.32M	-$28.16M
Free Cash Flow	$19.59M	$30.15M	$10.10M	$7.66M	$2.73M
Depreciation & Amortisation	$24.45M	$25.97M	$26.98M	$28.09M	$30.48M
Stock-Based Compensation	$11.99M	$13.21M	$11.51M	$18.51M	$13.76M
Investing Cash Flow	-$41.42M	-$32.31M	-$32.17M	-$52.28M	-$28.16M
Financing Cash Flow	$496.00K	-$2.08M	-$10.54M	-$53.33M	-$15.76M
Share Repurchases	$0.00	—	—	-$20.04M	-$26.56M
Net Change in Cash	$5.08M	$28.07M	-$440.00K	-$67.64M	-$13.03M

Market Snapshot

About

Vertex, Inc. provides tax technology solutions for corporations and industries with complex tax requirements. The company offers cloud-based software for indirect tax management, compliance, and reporting across multiple jurisdictions. Vertex serves retail, manufacturing, financial services, and telecommunications sectors globally.