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	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Revenue	687.06	666.78	572.39	491.62	425.55	374.67
Revenue Growth (YoY)	15.20%	16.49%	16.43%	15.53%	13.58%	16.54%
Cost of Revenue	243.73	240.65	223.81	193.13	161.89	165.39
Gross Profit	443.33	426.13	348.58	298.49	263.66	209.28
Selling, General & Admin	337.9	320.36	282.6	246.11	206.01	248.48
Research & Development	70.71	66.67	58.21	41.88	44.02	54.34
Other Operating Expenses	2.29	-0.7	-0.01	2.24	0.8	0.05
Operating Expenses	432.72	407.28	356	302.66	262.51	313.88
Operating Income	10.61	18.84	-7.42	-4.17	1.14	-104.6
Interest Expense	-	-	-4.16	-2.05	-0.98	-1.72
Interest & Investment Income	5.96	4.14	-	-	-	-
Currency Exchange Gain (Loss)	-1.07	-1.07	-0.11	-0.04	0.18	-0.16
EBT Excluding Unusual Items	15.51	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	-3.69	-17.97	-5.13	-3.18	-	-1.39
Pretax Income	9.79	1.91	-21.67	-10.13	-3.93	-107.87
Income Tax Expense	54.07	54.64	-8.58	2.17	-2.45	-32.79
Net Income	-44.28	-52.73	-13.09	-12.3	-1.48	-75.08
Net Income to Common	-44.28	-52.73	-13.09	-12.3	-1.48	-75.08
Shares Outstanding (Basic)	156	155	152	150	148	132
Shares Outstanding (Diluted)	156	155	152	150	148	132
Shares Change (YoY)	1.21%	2.27%	1.48%	1.26%	12.37%	9.11%
EPS (Basic)	-0.28	-0.34	-0.09	-0.08	-0.01	-0.57
EPS (Diluted)	-0.28	-0.34	-0.09	-0.08	-0.01	-0.57
Free Cash Flow	82.35	99.05	25.07	18.32	58.58	38.59
Free Cash Flow Per Share	0.53	0.64	0.17	0.12	0.40	0.29
Gross Margin	64.53%	63.91%	60.90%	60.72%	61.96%	55.86%
Operating Margin	1.54%	2.83%	-1.30%	-0.85%	0.27%	-27.92%
Profit Margin	-6.44%	-7.91%	-2.29%	-2.50%	-0.35%	-20.04%
Free Cash Flow Margin	11.98%	14.85%	4.38%	3.73%	13.77%	10.30%
EBITDA	17.47	26.02	1.92	7.37	10.57	-95.58
EBITDA Margin	2.54%	3.90%	0.34%	1.50%	2.48%	-25.51%
D&A For EBITDA	6.86	7.18	9.34	11.54	9.42	9.02
EBIT	10.61	18.84	-7.42	-4.17	1.14	-104.6
EBIT Margin	1.54%	2.83%	-1.30%	-0.85%	0.27%	-27.92%
Effective Tax Rate	552.56%	2862.13%	-	-	-	-
Revenue as Reported	687.06	666.78	572.39	491.62	425.55	374.67
Advertising Expenses	-	26.33	26	26.53	20.39	11.07

Updated May 7, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q