Vertex, Inc. (VERX)

Vertex Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	596.42	572.39	491.62	425.55	374.67	321.5
Revenue Growth (YoY)	17.08%	16.43%	15.53%	13.58%	16.54%	18.02%
Cost of Revenue	233.05	223.81	193.13	161.89	165.39	110.38
Gross Profit	363.37	348.58	298.49	263.66	209.28	211.12
Selling, General & Admin	292.16	286.17	246.99	206.01	248.48	139.14
Research & Development	59.2	58.21	41.88	44.02	54.34	30.56
Other Operating Expenses	22.16	21.7	17.71	16.57	11.22	9.57
Operating Expenses	373.51	366.09	306.57	266.6	314.04	179.27
Operating Income	-10.15	-17.51	-8.08	-2.94	-104.76	31.86
Interest Expense / Income	4.8	4.16	2.05	0.98	3.11	0.95
Pretax Income	-14.95	-21.67	-10.13	-3.93	-107.87	30.9
Income Tax	-22.67	-8.58	2.17	-2.45	-32.79	-0.16
Net Income	7.72	-13.09	-12.3	-1.48	-75.08	31.06
Shares Outstanding (Basic)	154	152	150	148	132	121
Shares Outstanding (Diluted)	161	152	150	148	132	124
Shares Change	6.57%	1.48%	1.26%	12.37%	5.82%	3.03%
EPS (Basic)	0.05	-0.09	-0.08	-0.01	-0.57	0.20
EPS (Diluted)	0.05	-0.09	-0.08	-0.01	-0.57	0.25
Free Cash Flow	21.17	6.1	3.43	46.92	26.74	54.94
Free Cash Flow Per Share	0.14	0.04	0.02	0.32	0.20	0.46
Gross Margin	60.92%	60.90%	60.72%	61.96%	55.86%	65.67%
Operating Margin	-1.70%	-3.06%	-1.64%	-0.69%	-27.96%	9.91%
Profit Margin	1.29%	-2.29%	-2.50%	-0.35%	-20.04%	9.66%
Free Cash Flow Margin	3.55%	1.07%	0.70%	11.03%	7.14%	17.09%
Effective Tax Rate	-	-	-	-	-	-0.50%
EBITDA	72	59.54	56.43	45.67	-72.54	57.05
EBITDA Margin	12.07%	10.40%	11.48%	10.73%	-19.36%	17.74%
Depreciation & Amortization	82.15	77.05	64.51	48.61	32.22	25.19
EBIT	-10.15	-17.51	-8.08	-2.94	-104.76	31.86
EBIT Margin	-1.70%	-3.06%	-1.64%	-0.69%	-27.96%	9.91%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).