Vertex, Inc. (VERX)

Vertex Income Statement

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

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	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	375.17	323.41	286.17	246.99	206.01
Depreciation & Amortization Expenses	24.81	20.95	15.2	12.44	11.68
Research & Development	83.72	66.67	58.21	41.88	44.02
Other Operating Expenses	-4.43	17.33	6.5	5.27	4.89
Total Operating Expenses	479.27	428.35	366.09	306.57	266.6
Operating Income	2.33	-2.23	-17.51	-8.08	-2.94
Interest Expense	5.25	4.14	-4.16	-2.05	-0.98
Total Non-Operating Income (Expense)	5.25	4.14	-4.16	-2.05	-0.98
Pretax Income	7.58	1.91	-21.67	-10.13	-3.93
Provision for Income Taxes	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)	75	65	55	154	148
Shares Outstanding (Diluted)	78	65	55	154	148
Shares Change (YoY)	21.17%	18.21%	-64.40%	3.99%	12.28%
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 Growth	-30.03%	295.09%	36.88%	-68.73%	51.82%
Free Cash Flow Per Share	0.88	1.53	0.46	-	-
Gross Margin	64.35%	63.91%	60.90%	60.72%	61.96%
Operating Margin	0.31%	-0.33%	-3.06%	-1.64%	-0.69%
Profit Margin	0.96%	-7.91%	-2.29%	-2.50%	-0.35%
FCF Margin	9.26%	14.86%	4.38%	3.73%	13.77%
EBITDA	103	84.51	56.95	53.07	41.84
EBITDA Margin	13.76%	12.67%	9.95%	10.80%	9.83%
EBIT	2.33	-2.23	-17.51	-8.08	-2.94
EBIT Margin	0.31%	-0.33%	-3.06%	-1.64%	-0.69%
Effective Tax Rate	4.86%	2862.13%	39.59%	-21.46%	62.33%

Updated Feb 11, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q