Vertex Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019	2018
Revenue	572.39	491.62	425.55	374.67	321.5	272.4
Revenue Growth (YoY)	16.43%	15.53%	13.58%	16.54%	18.02%	-
Cost of Revenue	223.81	193.13	161.89	165.39	110.38	95.7
Gross Profit	348.58	298.49	263.66	209.28	211.12	176.71
Selling, General & Admin	286.17	246.99	206.01	248.48	139.14	115.85
Research & Development	58.21	41.88	44.02	54.34	30.56	23.76
Other Operating Expenses	21.7	17.71	16.57	11.22	9.57	39.94
Operating Expenses	366.09	306.57	266.6	314.04	179.27	179.54
Operating Income	-17.51	-8.08	-2.94	-104.76	31.86	-2.83
Interest Expense / Income	4.16	2.05	0.98	3.11	0.95	1.59
Pretax Income	-21.67	-10.13	-3.93	-107.87	30.9	-4.43
Income Tax	-8.58	2.17	-2.45	-32.79	-0.16	1.68
Net Income	-13.09	-12.3	-1.48	-75.08	31.06	-6.11
Shares Outstanding (Basic)	152	150	148	132	121	121
Shares Outstanding (Diluted)	152	150	148	132	124	121
Shares Change	1.48%	1.26%	12.37%	5.82%	3.03%	-
EPS (Basic)	-0.09	-0.08	-0.01	-0.57	0.20	-0.05
EPS (Diluted)	-0.09	-0.08	-0.01	-0.57	0.25	-0.05
Free Cash Flow	6.1	3.43	46.92	26.74	54.94	47.14
Free Cash Flow Per Share	0.04	0.02	0.32	0.20	0.46	0.39
Gross Margin	60.90%	60.72%	61.96%	55.86%	65.67%	64.87%
Operating Margin	-3.06%	-1.64%	-0.69%	-27.96%	9.91%	-1.04%
Profit Margin	-2.29%	-2.50%	-0.35%	-20.04%	9.66%	-2.24%
Free Cash Flow Margin	1.07%	0.70%	11.03%	7.14%	17.09%	17.30%
Effective Tax Rate	-	-	-	-	-0.50%	-
EBITDA	59.54	56.43	45.67	-72.54	57.05	22.07
EBITDA Margin	10.40%	11.48%	10.73%	-19.36%	17.74%	8.10%
Depreciation & Amortization	77.05	64.51	48.61	32.22	25.19	24.9
EBIT	-17.51	-8.08	-2.94	-104.76	31.86	-2.83
EBIT Margin	-3.06%	-1.64%	-0.69%	-27.96%	9.91%	-1.04%

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).