Vertex, Inc. (VERX)

Vertex Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	710.51	666.78	572.39	491.62	425.55	374.67
Revenue Growth (YoY)	15.00%	16.49%	16.43%	15.53%	13.58%	16.54%
Cost of Revenue	248.67	240.65	223.81	193.13	161.89	165.39
Gross Profit	461.84	426.13	348.58	298.49	263.66	209.28
Selling, General & Admin	353.63	320.36	282.6	246.11	206.01	248.48
Research & Development	76.68	66.67	58.21	41.88	44.02	54.34
Other Operating Expenses	0.67	-0.7	-0.01	2.24	0.8	0.05
Operating Expenses	453.77	407.28	356	302.66	262.51	313.88
Operating Income	8.07	18.84	-7.42	-4.17	1.14	-104.6
Interest Expense	-	-	-4.16	-2.05	-0.98	-1.72
Interest & Investment Income	7.37	4.14	-	-	-	-
Currency Exchange Gain (Loss)	-1.07	-1.07	-0.11	-0.04	0.18	-0.16
EBT Excluding Unusual Items	14.37	21.91	-11.7	-6.26	0.34	-106.48
Merger & Restructuring Charges	-7.12	-2.03	-4.85	-0.7	-4.27	-
Other Unusual Items	-7.46	-17.97	-5.13	-3.18	-	-1.39
Pretax Income	-0.22	1.91	-21.67	-10.13	-3.93	-107.87
Income Tax Expense	50.19	54.64	-8.58	2.17	-2.45	-32.79
Net Income	-50.41	-52.73	-13.09	-12.3	-1.48	-75.08
Net Income to Common	-50.41	-52.73	-13.09	-12.3	-1.48	-75.08
Shares Outstanding (Basic)	157	155	152	150	148	132
Shares Outstanding (Diluted)	157	155	152	150	148	132
Shares Change (YoY)	0.20%	2.27%	1.48%	1.26%	12.37%	9.11%
EPS (Basic)	-0.32	-0.34	-0.09	-0.08	-0.01	-0.57
EPS (Diluted)	-0.32	-0.34	-0.09	-0.08	-0.01	-0.57
Free Cash Flow	70.49	99.05	25.07	18.32	58.58	38.59
Free Cash Flow Per Share	0.45	0.64	0.17	0.12	0.40	0.29
Gross Margin	65.00%	63.91%	60.90%	60.72%	61.96%	55.86%
Operating Margin	1.14%	2.83%	-1.30%	-0.85%	0.27%	-27.92%
Profit Margin	-7.09%	-7.91%	-2.29%	-2.50%	-0.35%	-20.04%
Free Cash Flow Margin	9.92%	14.85%	4.38%	3.73%	13.77%	10.30%
EBITDA	14.79	26.02	1.92	7.37	10.57	-95.58
EBITDA Margin	2.08%	3.90%	0.34%	1.50%	2.48%	-25.51%
D&A For EBITDA	6.73	7.18	9.34	11.54	9.42	9.02
EBIT	8.07	18.84	-7.42	-4.17	1.14	-104.6
EBIT Margin	1.14%	2.83%	-1.30%	-0.85%	0.27%	-27.92%
Effective Tax Rate	-	2862.13%	-	-	-	-
Revenue as Reported	710.51	666.78	572.39	491.62	425.55	374.67
Advertising Expenses	-	26.33	26	26.53	20.39	11.07

Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q