Vertex Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	768.03	748.44	666.78	572.39	491.62	425.55
Revenue Growth (YoY)	11.79%	12.25%	16.49%	16.43%	15.53%	13.58%
Cost of Revenue	274.55	266.84	240.65	223.81	193.13	161.89
Gross Profit	493.48	481.6	426.13	348.58	298.49	263.66
Selling, General & Admin	388.96	375.17	323.41	286.17	246.99	206.01
Depreciation & Amortization Expenses	25.37	24.81	20.95	15.2	12.44	11.68
Research & Development	87.38	83.72	66.67	58.21	41.88	44.02
Other Operating Expenses	4.52	-4.43	17.33	6.5	5.27	4.89
Total Operating Expenses	506.24	479.27	428.35	366.09	306.57	266.6
Operating Income	-12.76	2.33	-2.23	-17.51	-8.08	-2.94
Interest Expense	4.67	5.25	4.14	-4.16	-2.05	-0.98
Total Non-Operating Income (Expense)	4.67	5.25	4.14	-4.16	-2.05	-0.98
Pretax Income	-8.1	7.58	1.91	-21.67	-10.13	-3.93
Provision for Income Taxes	-1.67	0.37	54.64	-8.58	2.17	-2.45
Net Income	-6.43	7.21	-52.73	-13.09	-12.3	-1.48
Net Income to Common	-6.43	7.21	-52.73	-13.09	-12.3	-1.48
Shares Outstanding (Basic)	161	75	65	55	154	148
Shares Outstanding (Diluted)	129	78	65	55	154	148
Shares Change (YoY)	-15.80%	21.17%	18.21%	-64.40%	3.99%	12.28%
EPS (Basic)	-0.04	0.05	-0.34	-0.09	-0.08	-0.01
EPS (Diluted)	-0.05	0.04	-0.34	-0.09	-0.08	-0.01
Shares Outstanding	161.04	159.74	157.15	153.65	150.32	149.09
Free Cash Flow	89.21	69.31	99.05	25.07	18.32	58.58
Free Cash Flow Growth	28.72%	-30.03%	295.09%	36.88%	-68.73%	51.82%
Free Cash Flow Per Share	0.69	0.88	1.53	0.46	0.12	0.40
Gross Margin	64.25%	64.35%	63.91%	60.90%	60.72%	61.96%
Operating Margin	-1.66%	0.31%	-0.33%	-3.06%	-1.64%	-0.69%
Profit Margin	-0.84%	0.96%	-7.91%	-2.29%	-2.50%	-0.35%
FCF Margin	11.62%	9.26%	14.86%	4.38%	3.73%	13.77%
EBITDA	92.73	103	84.51	56.95	53.07	41.84
EBITDA Margin	12.07%	13.76%	12.67%	9.95%	10.79%	9.83%
EBIT	-12.76	2.33	-2.23	-17.51	-8.08	-2.94
EBIT Margin	-1.66%	0.31%	-0.33%	-3.06%	-1.64%	-0.69%
Effective Tax Rate	20.58%	4.86%	2862.13%	39.59%	-21.46%	62.33%

SEC Filings: 10-K · 10-Q