Vertex, Inc. Financials
This page shows Vertex, Inc. (VERX) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 8 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Financial Health Signals
Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores
Vertex, Inc. has an operating margin of 0.3%, meaning the company retains $0 of operating profit per $100 of revenue. This below-average margin results in a low score of 23/100, suggesting thin profitability after operating expenses. This is up from -0.3% the prior year.
Vertex, Inc.'s revenue grew 12.2% year-over-year to $748.4M, a solid pace of expansion. This earns a growth score of 54/100.
Vertex, Inc. carries a low D/E ratio of 1.30, meaning only $1.30 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 75/100, indicating a strong balance sheet with room for future borrowing.
Vertex, Inc.'s current ratio of 0.98 means current assets barely cover short-term liabilities. This tight liquidity results in a low score of 14/100, which could limit financial flexibility.
Vertex, Inc. generates a 2.8% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 17/100. This is up from -29.4% the prior year.
Vertex, Inc. scores 1.66, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($1.9B) relative to total liabilities ($1.0B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Vertex, Inc. passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Vertex, Inc. generates $22.96 in operating cash flow ($165.5M OCF vs $7.2M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Vertex, Inc. earns $0.4 in operating income for every $1 of interest expense ($2.3M vs $5.2M). This narrow margin raises concern about the company's ability to service its debt if operating income declines.
Key Financial Metrics
Earnings & Revenue
Vertex, Inc. generated $748.4M in revenue in fiscal year 2025. This represents an increase of 12.2% from the prior year.
Vertex, Inc.'s EBITDA was $99.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 23.3% from the prior year.
Vertex, Inc. reported $7.2M in net income in fiscal year 2025. This represents an increase of 113.7% from the prior year.
Cash & Balance Sheet
Vertex, Inc. held $314.0M in cash against $337.5M in long-term debt as of fiscal year 2025.
Margins & Returns
Vertex, Inc.'s gross margin was 64.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is up 0.4 percentage points from the prior year.
Vertex, Inc.'s operating margin was 0.3% in fiscal year 2025, reflecting core business profitability. This is up 0.6 percentage points from the prior year.
Vertex, Inc.'s net profit margin was 1.0% in fiscal year 2025, showing the share of revenue converted to profit. This is up 8.9 percentage points from the prior year.
Vertex, Inc.'s ROE was 2.8% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 32.2 percentage points from the prior year.
Capital Allocation
Vertex, Inc. invested $83.7M in research and development in fiscal year 2025. This represents an increase of 25.6% from the prior year.
Vertex, Inc. spent $10.1M on share buybacks in fiscal year 2025, returning capital to shareholders by reducing shares outstanding.
VERX Income Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $194.7M+1.4% | $192.1M+4.1% | $184.6M+4.2% | $177.1M-0.8% | $178.5M+4.7% | $170.4M+5.8% | $161.1M+2.8% | $156.8M |
| Cost of Revenue | $68.6M-3.1% | $70.8M+11.7% | $63.4M-1.1% | $64.1M+4.5% | $61.3M+2.4% | $59.9M+2.6% | $58.4M-4.2% | $61.0M |
| Gross Profit | $126.1M+3.9% | $121.3M+0.1% | $121.2M+7.3% | $113.0M-3.5% | $117.1M+6.0% | $110.5M+7.6% | $102.7M+7.2% | $95.8M |
| R&D Expenses | $22.3M+12.0% | $19.9M-3.2% | $20.6M-1.5% | $20.9M+6.6% | $19.6M+25.4% | $15.6M+6.9% | $14.6M-13.2% | $16.8M |
| SG&A Expenses | $45.7M+2.3% | $44.6M+2.8% | $43.4M-3.6% | $45.0M+12.8% | $39.9M-3.8% | $41.5M+15.7% | $35.9M+0.9% | $35.5M |
| Operating Income | -$2.6M-160.4% | $4.3M+211.8% | -$3.9M-186.1% | $4.5M+134.2% | -$13.1M-367.6% | $4.9M-35.1% | $7.5M+582.1% | -$1.6M |
| Interest Expense | $1.2M-0.7% | $1.2M+1.4% | $1.2M-20.2% | $1.5M-7.6% | $1.7M-43.3% | $2.9M+1723.2% | -$181K+36.7% | -$286K |
| Income Tax | $5.6M+270.3% | $1.5M+190.7% | -$1.7M+67.2% | -$5.1M-109.1% | $56.4M+9094.1% | $613K-72.1% | $2.2M+148.5% | -$4.5M |
| Net Income | -$7.0M-273.1% | $4.0M+520.9% | -$961K-108.6% | $11.1M+116.4% | -$67.8M-1038.9% | $7.2M+39.8% | $5.2M+92.4% | $2.7M |
| EPS (Diluted) | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
VERX Balance Sheet
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.3B+4.0% | $1.2B+2.0% | $1.2B+3.8% | $1.2B-1.1% | $1.2B-2.0% | $1.2B+16.3% | $1.0B+35.5% | $755.8M |
| Current Assets | $560.7M+8.1% | $518.8M+3.2% | $502.7M-0.4% | $505.0M-5.8% | $536.3M+12.5% | $476.6M-7.4% | $514.8M+92.9% | $266.8M |
| Cash & Equivalents | $314.0M+0.2% | $313.5M+10.2% | $284.4M+5.2% | $270.4M-8.7% | $296.1M+6.1% | $279.0M-14.3% | $325.5M+479.9% | $56.1M |
| Inventory | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Accounts Receivable | $183.4M+39.5% | $131.5M-8.5% | $143.7M-5.7% | $152.3M-7.4% | $164.4M+26.6% | $129.9M+8.2% | $120.1M-9.8% | $133.1M |
| Goodwill | $392.5M-0.1% | $392.9M+0.1% | $392.6M+6.3% | $369.4M+3.2% | $357.8M-6.4% | $382.4M+52.3% | $251.2M-1.1% | $254.0M |
| Total Liabilities | $1.0B+5.7% | $957.4M+0.8% | $950.1M-0.4% | $953.7M-3.4% | $987.4M+6.0% | $931.8M+17.8% | $790.7M+56.4% | $505.7M |
| Current Liabilities | $574.7M+11.4% | $515.9M+1.9% | $506.3M-1.3% | $513.1M-4.5% | $537.4M+17.4% | $457.9M+4.3% | $439.1M-0.8% | $442.5M |
| Long-Term Debt | $337.5M+0.2% | $336.9M+0.2% | $336.3M+0.2% | $335.8M+0.2% | $335.2M+0.2% | $334.7M+0.2% | $334.1M+668.8% | $43.5M |
| Total Equity | $258.9M-2.1% | $264.5M+6.6% | $248.0M+23.7% | $200.5M+11.8% | $179.4M-30.8% | $259.0M+11.1% | $233.1M-6.8% | $250.1M |
| Retained Earnings | -$46.1M-17.9% | -$39.1M+9.4% | -$43.1M-2.3% | -$42.2M+20.9% | -$53.3M-468.1% | $14.5M+99.4% | $7.3M+246.1% | $2.1M |
VERX Cash Flow Statement
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $42.3M-32.3% | $62.5M+35.8% | $46.0M+210.7% | $14.8M-64.0% | $41.1M-0.6% | $41.4M-28.3% | $57.7M+135.0% | $24.6M |
| Capital Expenditures | N/A | N/A | N/A | N/A | $0-100.0% | $65.7M+884.3% | -$8.4M-158.0% | $14.4M |
| Free Cash Flow | N/A | N/A | N/A | N/A | $41.1M+269.4% | -$24.3M-149.2% | $49.4M+387.8% | $10.1M |
| Investing Cash Flow | -$32.2M+0.5% | -$32.3M+22.0% | -$41.4M-132.1% | -$17.8M+28.3% | -$24.9M+70.9% | -$85.4M-201.9% | -$28.3M-44.9% | -$19.5M |
| Financing Cash Flow | -$10.5M-405.5% | -$2.1M-520.4% | $496K+102.4% | -$20.7M-430.3% | $6.3M+147.6% | -$13.1M-105.5% | $239.3M+20852.7% | -$1.2M |
| Dividends Paid | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
VERX Financial Ratios
| Metric | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 64.8%+1.6pp | 63.1%-2.5pp | 65.7%+1.8pp | 63.8%-1.8pp | 65.6%+0.8pp | 64.8%+1.1pp | 63.7%+2.6pp | 61.1% |
| Operating Margin | -1.3%-3.6pp | 2.3%+4.3pp | -2.1%-4.6pp | 2.5%+9.9pp | -7.3%-10.2pp | 2.9%-1.8pp | 4.7%+5.7pp | -1.0% |
| Net Margin | -3.6%-5.7pp | 2.1%+2.6pp | -0.5%-6.8pp | 6.3%+44.3pp | -38.0%-42.2pp | 4.2%+1.0pp | 3.2%+1.5pp | 1.7% |
| Return on Equity | -2.7%-4.2pp | 1.5%+1.9pp | -0.4%-5.9pp | 5.5%+43.4pp | -37.8%-40.6pp | 2.8%+0.6pp | 2.2%+1.2pp | 1.1% |
| Return on Assets | -0.5%-0.9pp | 0.3%+0.4pp | -0.1%-1.0pp | 1.0%+6.8pp | -5.8%-6.4pp | 0.6%+0.1pp | 0.5%+0.1pp | 0.4% |
| Current Ratio | 0.98-0.0 | 1.01+0.0 | 0.990.0 | 0.98-0.0 | 1.00-0.0 | 1.04-0.1 | 1.17+0.6 | 0.60 |
| Debt-to-Equity | 1.30+0.0 | 1.27-0.1 | 1.36-0.3 | 1.67-0.2 | 1.87+0.6 | 1.29-0.1 | 1.43+1.3 | 0.17 |
| FCF Margin | N/A | N/A | N/A | N/A | 23.1%+37.3pp | -14.2%-44.9pp | 30.6%+24.2pp | 6.5% |
Note: The current ratio is below 1.0 (0.98), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
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Frequently Asked Questions
What is Vertex, Inc.'s annual revenue?
Vertex, Inc. (VERX) reported $748.4M in total revenue for fiscal year 2025. This represents a 12.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Vertex, Inc.'s revenue growing?
Vertex, Inc. (VERX) revenue grew by 12.2% year-over-year, from $666.8M to $748.4M in fiscal year 2025.
Is Vertex, Inc. profitable?
Yes, Vertex, Inc. (VERX) reported a net income of $7.2M in fiscal year 2025, with a net profit margin of 1.0%.
What is Vertex, Inc.'s EBITDA?
Vertex, Inc. (VERX) had EBITDA of $99.3M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Vertex, Inc. have?
As of fiscal year 2025, Vertex, Inc. (VERX) had $314.0M in cash and equivalents against $337.5M in long-term debt.
What is Vertex, Inc.'s gross margin?
Vertex, Inc. (VERX) had a gross margin of 64.3% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Vertex, Inc.'s operating margin?
Vertex, Inc. (VERX) had an operating margin of 0.3% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Vertex, Inc.'s net profit margin?
Vertex, Inc. (VERX) had a net profit margin of 1.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Vertex, Inc.'s return on equity (ROE)?
Vertex, Inc. (VERX) has a return on equity of 2.8% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Vertex, Inc.'s operating cash flow?
Vertex, Inc. (VERX) generated $165.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Vertex, Inc.'s total assets?
Vertex, Inc. (VERX) had $1.3B in total assets as of fiscal year 2025, including both current and long-term assets.
How much does Vertex, Inc. spend on research and development?
Vertex, Inc. (VERX) invested $83.7M in research and development during fiscal year 2025.
What is Vertex, Inc.'s current ratio?
Vertex, Inc. (VERX) had a current ratio of 0.98 as of fiscal year 2025, which is below 1.0, which may suggest potential liquidity concerns.
What is Vertex, Inc.'s debt-to-equity ratio?
Vertex, Inc. (VERX) had a debt-to-equity ratio of 1.30 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Vertex, Inc.'s return on assets (ROA)?
Vertex, Inc. (VERX) had a return on assets of 0.6% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Vertex, Inc.'s Altman Z-Score?
Vertex, Inc. (VERX) has an Altman Z-Score of 1.66, placing it in the Distress Zone (elevated bankruptcy risk). The Z-Score combines five financial ratios—working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets—to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Vertex, Inc.'s Piotroski F-Score?
Vertex, Inc. (VERX) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Vertex, Inc.'s earnings high quality?
Vertex, Inc. (VERX) has an earnings quality ratio of 22.96x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Vertex, Inc. cover its interest payments?
Vertex, Inc. (VERX) has an interest coverage ratio of 0.4x, meaning it can struggle to cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.
How financially healthy is Vertex, Inc.?
Vertex, Inc. (VERX) scores 37 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.