Vertex Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	7.21	-52.73	-13.09	-12.3	-1.48
Depreciation & Amortization	96.93	7.18	9.34	11.54	9.42
Other Amortization	6.46	81.87	65.39	50.23	35.57
Stock-Based Compensation	57.76	47.43	33.92	19.73	26.16
Other Operating Activities	-16.29	69.27	-1.57	5.87	1.69
Change in Accounts Receivable	-12.88	-22.08	-45.22	-25.67	2.96
Change in Accounts Payable	1.23	11.62	9.24	1.37	3.85
Change in Unearned Revenue	35.67	51.1	18.17	30.77	24.69
Change in Other Net Operating Assets	-10.55	-28.83	-1.84	-17.69	-12.57
Operating Cash Flow	165.54	164.82	74.33	63.85	90.29
Operating Cash Flow Growth	0.44%	121.74%	16.42%	-29.29%	51.64%
Capital Expenditures	-96.24	-65.77	-49.26	-45.53	-31.71
Cash Acquisitions	-	-71.76	-	-0.47	-251.41
Sale (Purchase) of Intangibles	-21.72	-21.34	-18.97	-14.89	-11.66
Investment in Securities	-5.79	0.72	2.06	-11.15	-
Investing Cash Flow	-123.75	-158.15	-66.17	-72.05	-294.78
Long-Term Debt Issued	-	345	-	50	-
Total Debt Issued	-	345	-	50	-
Long-Term Debt Repaid	-0.08	-50.87	-2.29	-2.29	-0.96
Total Debt Repaid	-0.08	-50.87	-2.29	-2.29	-0.96
Net Debt Issued (Repaid)	-0.08	294.13	-2.29	47.71	-0.96
Issuance of Common Stock	11.94	11.46	7.33	3.77	3.92
Repurchase of Common Stock	-39.04	-21.52	-9.7	-1.1	-12.76
Other Financing Activities	-5.6	-52.81	-21.82	-33.28	0.7
Financing Cash Flow	-32.78	231.26	-26.48	17.09	-9.1
Foreign Exchange Rate Adjustments	3.21	-1.01	0.72	-0.35	-0.48
Net Cash Flow	12.23	236.92	-17.6	8.54	-214.07
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 Margin	9.26%	14.85%	4.38%	3.73%	13.77%
Free Cash Flow Per Share	0.43	0.64	0.17	0.12	0.40
Cash Interest Paid	-	3.29	3.73	2.22	0.22
Cash Income Tax Paid	-	8.59	5.65	3.06	1.29
Levered Free Cash Flow	59.74	117.73	22.1	31.28	79.02
Unlevered Free Cash Flow	57.02	115.42	24.43	31.94	79.42
Change in Working Capital	13.47	11.81	-19.65	-11.21	18.93

Updated Feb 11, 2026. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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