Vertex Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	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	748.44	666.78	572.39	491.62	425.55
Revenue Growth (YoY)	12.25%	16.49%	16.43%	15.53%	13.58%
Cost of Revenue	266.84	240.65	223.81	193.13	161.89
Gross Profit	481.6	426.13	348.58	298.49	263.66
Selling, General & Admin	368.35	320.36	282.6	246.11	206.01
Research & Development	83.72	66.67	58.21	41.88	44.02
Other Operating Expenses	12.57	-0.7	-0.01	2.24	0.8
Operating Expenses	489.45	407.28	356	302.66	262.51
Operating Income	-7.85	18.84	-7.42	-4.17	1.14
Interest Expense	-	-	-4.16	-2.05	-0.98
Interest & Investment Income	5.25	4.14	-	-	-
Currency Exchange Gain (Loss)	-	-1.07	-0.11	-0.04	0.18
EBT Excluding Unusual Items	-2.6	21.91	-11.7	-6.26	0.34
Merger & Restructuring Charges	-	-2.03	-4.85	-0.7	-4.27
Other Unusual Items	10.18	-17.97	-5.13	-3.18	-
Pretax Income	7.58	1.91	-21.67	-10.13	-3.93
Income Tax Expense	0.37	54.64	-8.58	2.17	-2.45
Net Income	7.21	-52.73	-13.09	-12.3	-1.48
Net Income to Common	7.21	-52.73	-13.09	-12.3	-1.48
Shares Outstanding (Basic)	144	155	152	150	148
Shares Outstanding (Diluted)	162	155	152	150	148
Shares Change (YoY)	4.58%	2.27%	1.48%	1.26%	12.37%
EPS (Basic)	0.05	-0.34	-0.09	-0.08	-0.01
EPS (Diluted)	0.04	-0.34	-0.09	-0.08	-0.01
Free Cash Flow	69.31	99.05	25.07	18.32	58.58
Free Cash Flow Per Share	0.43	0.64	0.17	0.12	0.40
Gross Margin	64.35%	63.91%	60.90%	60.72%	61.96%
Operating Margin	-1.05%	2.83%	-1.30%	-0.85%	0.27%
Profit Margin	0.96%	-7.91%	-2.29%	-2.50%	-0.35%
Free Cash Flow Margin	9.26%	14.85%	4.38%	3.73%	13.77%
EBITDA	89.09	26.02	1.92	7.37	10.57
EBITDA Margin	11.90%	3.90%	0.34%	1.50%	2.48%
D&A For EBITDA	96.93	7.18	9.34	11.54	9.42
EBIT	-7.85	18.84	-7.42	-4.17	1.14
EBIT Margin	-1.05%	2.83%	-1.30%	-0.85%	0.27%
Effective Tax Rate	4.86%	2862.13%	-	-	-
Revenue as Reported	748.44	666.78	572.39	491.62	425.55
Advertising Expenses	-	26.33	26	26.53	20.39

Updated Feb 11, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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