Vertex Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	732.19	666.78	572.39	491.62	425.55	374.67
Revenue Growth (YoY)	13.83%	16.49%	16.43%	15.53%	13.58%	16.54%
Cost of Revenue	259.56	240.65	223.81	193.13	161.89	165.39
Gross Profit	472.63	426.13	348.58	298.49	263.66	209.28
Selling, General & Admin	361.74	320.36	282.6	246.11	206.01	248.48
Research & Development	80.98	66.67	58.21	41.88	44.02	54.34
Other Operating Expenses	0.94	-0.7	-0.01	2.24	0.8	0.05
Operating Expenses	467.63	407.28	356	302.66	262.51	313.88
Operating Income	5	18.84	-7.42	-4.17	1.14	-104.6
Interest Expense	-	-	-4.16	-2.05	-0.98	-1.72
Interest & Investment Income	5.68	4.14	-	-	-	-
Currency Exchange Gain (Loss)	-1.07	-1.07	-0.11	-0.04	0.18	-0.16
EBT Excluding Unusual Items	9.62	21.91	-11.7	-6.26	0.34	-106.48
Merger & Restructuring Charges	-2.03	-2.03	-4.85	-0.7	-4.27	-
Other Unusual Items	-3.63	-17.97	-5.13	-3.18	-	-1.39
Pretax Income	-2.48	1.91	-21.67	-10.13	-3.93	-107.87
Income Tax Expense	51.1	54.64	-8.58	2.17	-2.45	-32.79
Net Income	-53.58	-52.73	-13.09	-12.3	-1.48	-75.08
Net Income to Common	-53.58	-52.73	-13.09	-12.3	-1.48	-75.08
Shares Outstanding (Basic)	158	155	152	150	148	132
Shares Outstanding (Diluted)	158	155	152	150	148	132
Shares Change (YoY)	-0.78%	2.27%	1.48%	1.26%	12.37%	9.11%
EPS (Basic)	-0.34	-0.34	-0.09	-0.08	-0.01	-0.57
EPS (Diluted)	-0.34	-0.34	-0.09	-0.08	-0.01	-0.57
Free Cash Flow	76.82	99.05	25.07	18.32	58.58	38.59
Free Cash Flow Per Share	0.49	0.64	0.17	0.12	0.40	0.29
Gross Margin	64.55%	63.91%	60.90%	60.72%	61.96%	55.86%
Operating Margin	0.68%	2.83%	-1.30%	-0.85%	0.27%	-27.92%
Profit Margin	-7.32%	-7.91%	-2.29%	-2.50%	-0.35%	-20.04%
Free Cash Flow Margin	10.49%	14.85%	4.38%	3.73%	13.77%	10.30%
EBITDA	11.64	26.02	1.92	7.37	10.57	-95.58
EBITDA Margin	1.59%	3.90%	0.34%	1.50%	2.48%	-25.51%
D&A For EBITDA	6.64	7.18	9.34	11.54	9.42	9.02
EBIT	5	18.84	-7.42	-4.17	1.14	-104.6
EBIT Margin	0.68%	2.83%	-1.30%	-0.85%	0.27%	-27.92%
Effective Tax Rate	-	2862.13%	-	-	-	-
Revenue as Reported	732.19	666.78	572.39	491.62	425.55	374.67
Advertising Expenses	-	26.33	26	26.53	20.39	11.07

Updated Nov 3, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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