Vertex, Inc. (VERX) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 1, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 4, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the VERX SEC filings page.
Vertex, Inc. (VERX) reported $787.4M in revenue over the twelve months to Jun 30, 2026, up 10.8% from the prior twelve months. This page shows its 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).
Revenue growth is reaching profitability, while cash generation outpaces earnings and leverage remains embedded in a goodwill-heavy balance sheet.
The jump from a$7.2M profit to$165.5M of operating cash flow means reported earnings are not the main cash engine; depreciation and working-capital movements matter more. Yet operating cash flow was essentially flat from$164.8M in FY2024 while revenue rose12.3% , so growth has not translated into proportionate cash generation.
Margin expansion reached the operating line: gross margin improved from
Balance-sheet leverage remains material even as debt-to-equity eased from 1.9x in FY2024 to 1.3x in FY2025. Assets expanded to
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Vertex, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Vertex, Inc. has an operating margin of 0.3%, meaning the company retains less than $1 of operating profit per $100 of revenue. This results in a moderate score of 33/100, indicating healthy but not exceptional operating efficiency. 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 74/100.
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 73/100, indicating a strong balance sheet with room for future borrowing.
Vertex, Inc.'s current ratio of 0.98 is below the typical benchmark, resulting in a score of 17/100. However, the company holds substantial cash reserves (55% of current liabilities), which buffers actual liquidity risk. Large mature operators often run tight current ratios by design.
Vertex, Inc.'s ROE of 2.8% shows moderate profitability relative to equity, earning a score of 31/100. This is up from -29.4% the prior year.
Vertex, Inc. scores 1.71, below the 1.81 distress threshold. The score is driven primarily by a large market capitalization ($2.0B) relative to total liabilities ($1.0B). This indicates elevated financial distress risk and warrants close attention to liquidity and debt levels.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Vertex, Inc. passes 7 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 2 leverage/liquidity signals pass, both operating efficiency signals pass.
Vertex, Inc. reported $7.2M of net income while generating $165.5M in operating cash flow. The ratio between the two is outside the range this page publishes as a per-dollar figure, so both figures are given instead.
Vertex, Inc. earns $0.44 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 $204.0M in revenue in Q2 2026. This represents an increase of 10.5% from the same quarter a year earlier. Against the prior quarter it is up 3.7%.
Vertex, Inc.'s EBITDA was $24.7M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 26.2% from the same quarter a year earlier. Against the prior quarter it is up 50.1%.
Vertex, Inc. reported $9.0M in net income in Q2 2026. This represents an increase of 1041.0% from the same quarter a year earlier. Against the prior quarter it is up 460.3%.
Not reported for Q2 2026.
Cash & Balance Sheet
Vertex, Inc. generated $30.9M in free cash flow in Q2 2026, representing cash available after capex. Against the prior quarter it is up 93.0%.
Vertex, Inc. held $230.5M in cash against $338.6M in long-term debt as of Q2 2026.
Not reported for Q2 2026.
Margins & Returns
Vertex, Inc.'s gross margin was 64.4% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is down 1.3 percentage points from the same quarter a year earlier. Against the prior quarter it is up 0.9 percentage points.
Vertex, Inc.'s operating margin was -2.2% in Q2 2026, reflecting core business profitability. This is down 0.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 3.2 percentage points.
Vertex, Inc.'s net profit margin was 4.4% in Q2 2026, showing the share of revenue converted to profit. This is up 5.0 percentage points from the same quarter a year earlier. Against the prior quarter it is up 5.7 percentage points.
Vertex, Inc.'s ROE was 3.8% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 4.1 percentage points from the same quarter a year earlier. Against the prior quarter it is up 4.8 percentage points.
Capital Allocation
Vertex, Inc. invested $24.8M in research and development in Q2 2026. This represents an increase of 20.5% from the same quarter a year earlier. Against the prior quarter it is up 1.0%.
Vertex, Inc. spent $26.6M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. Against the prior quarter it is up 32.5%.
Vertex, Inc. reported no capital expenditure in Q2 2026. Against the prior quarter it is down 100.0%.
VERX Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $204.0M+10.5% | $196.6M+11.1% | $194.7M+9.1% | $192.1M+12.7% | $184.6M+14.6% | $177.1M+12.9% | $178.5M+15.2% | $170.4M+17.5% |
| Cost of Revenue | $72.7M+14.7% | $71.8M+12.0% | $68.6M+11.9% | $70.8M+18.2% | $63.4M+8.5% | $64.1M+5.0% | $61.3M0.0% | $59.9M+5.3% |
| Gross Profit | $131.3M+8.3% | $124.9M+10.5% | $126.1M+7.7% | $121.3M+9.8% | $121.2M+18.0% | $113.0M+18.0% | $117.1M+25.1% | $110.5M+25.4% |
| R&D Expenses | $24.8M+20.5% | $24.6M+17.5% | $22.3M+13.9% | $19.9M+27.6% | $20.6M+40.8% | $20.9M+24.0% | $19.6M+51.9% | $15.6M-6.9% |
| SG&A Expenses | $51.1M+17.9% | $54.3M+20.7% | $45.7M+14.4% | $44.6M+7.5% | $43.4M+21.0% | $45.0M+26.7% | $39.9M+8.3% | $41.5M+17.3% |
| Operating Income | -$4.4M-15.0% | -$10.6M-336.4% | -$2.6M+80.1% | $4.3M-11.8% | -$3.9M-151.2% | $4.5M+386.6% | -$13.1M-426.1% | $4.9M+342.6% |
| EBITDA | $24.7M+26.2% | $16.4M-38.5% | $23.5M+187.5% | $29.4M+17.6% | $19.6M-29.9% | $26.8M+38.0% | $8.2M-51.3% | $25.0M+52.6% |
| Interest Expense | N/A | $957K-37.8% | $1.2M-25.8% | $1.2M-57.6% | $1.2M+778.5% | $1.5M+638.1% | $1.7M+141.4% | $2.9M+592.1% |
| Income Tax | -$13.1M-684.6% | -$7.1M-39.8% | $5.6M-90.0% | $1.5M+148.0% | -$1.7M-176.1% | -$5.1M-12.6% | $56.4M+358.0% | $613K-21.8% |
| Net Income | $9.0M+1041.0% | -$2.5M-122.6% | -$7.0M+89.7% | $4.0M-44.0% | -$961K-118.6% | $11.1M+314.7% | -$67.8M-542.2% | $7.2M+312.4% |
Not reported in any period shown, so not listed: EPS (Basic), EPS (Diluted), Diluted Shares (Avg).
VERX Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.2B+1.0% | $1.2B+5.2% | $1.3B+8.9% | $1.2B+2.6% | $1.2B+17.0% | $1.2B+52.7% | $1.2B+53.5% | $1.2B+65.4% |
| Current Assets | $491.9M-2.1% | $488.5M-3.3% | $560.7M+4.5% | $518.8M+8.9% | $502.7M-2.3% | $505.0M+89.2% | $536.3M+101.2% | $476.6M+100.2% |
| Cash & Equivalents | $230.5M-19.0% | $252.5M-6.6% | $314.0M+6.1% | $313.5M+12.4% | $284.4M-12.6% | $270.4M+381.7% | $296.1M+334.3% | $279.0M+463.6% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Receivable | $153.4M+6.8% | $159.0M+4.4% | $183.4M+11.6% | $131.5M+1.2% | $143.7M+19.6% | $152.3M+14.4% | $164.4M+16.0% | $129.9M+0.7% |
| Long-Term Investments | $15.0M0.0% | $15.0M | $15.0M | $15.0M | $15.0M | $0 | $0 | $0 |
| Goodwill | $400.3M+2.0% | $402.4M+8.9% | $392.5M+9.7% | $392.9M+2.7% | $392.6M+56.3% | $369.4M+45.5% | $357.8M+38.8% | $382.4M+52.4% |
| Total Liabilities | $969.0M+2.0% | $967.9M+1.5% | $1.0B+2.5% | $957.4M+2.7% | $950.1M+20.2% | $953.7M+88.6% | $987.4M+94.8% | $931.8M+86.4% |
| Current Liabilities | $564.4M+11.5% | $566.6M+10.4% | $574.7M+6.9% | $515.9M+12.7% | $506.3M+15.3% | $513.1M+16.0% | $537.4M+21.9% | $457.9M+5.7% |
| Non-Current Liabilities | $404.6M-8.8% | $401.3M-8.9% | $437.3M-2.8% | $441.4M-6.8% | $443.8M+26.2% | $440.5M+597.4% | $450.1M+580.2% | $473.9M+609.5% |
| Long-Term Debt | $338.6M+0.7% | $338.0M+0.7% | $337.5M+0.7% | $336.9M+0.7% | $336.3M+0.7% | $335.8M+672.7% | $335.2M+660.8% | $334.7M+646.0% |
| Total Equity | $241.1M-2.8% | $246.5M+23.0% | $258.9M+44.4% | $264.5M+2.1% | $248.0M+6.4% | $200.5M-19.8% | $179.4M-29.1% | $259.0M+17.6% |
| Retained Earnings | -$39.6M+8.3% | -$48.6M-15.2% | -$46.1M+13.5% | -$39.1M-370.0% | -$43.1M-694.1% | -$42.2M-2110.7% | -$53.3M-8998.1% | $14.5M+191.0% |
Not reported in any period shown, so not listed: Inventory.
VERX Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $30.9M-32.8% | $38.0M+156.5% | $42.3M+2.8% | $62.5M+50.9% | $46.0M-20.3% | $14.8M-39.7% | $41.1M-13.7% | $41.4M+50.0% |
| Depreciation & Amortization | $29.1M+24.3% | $27.1M+21.5% | $26.1M+22.8% | $25.1M+24.8% | $23.4M+14.9% | $22.3M+6.3% | $21.3M+10.3% | $20.1M+9.3% |
| Stock-Based Compensation | $13.8M+14.8% | $18.5M-12.1% | N/A | $13.2M+30.4% | $12.0M+19.9% | $21.0M+28.9% | N/A | $10.1M+30.4% |
| Capital Expenditures | $0 | $22.0M | N/A | N/A | N/A | N/A | $0-100.0% | $65.7M+386.6% |
| Free Cash Flow | $30.9M | $16.0M | N/A | N/A | N/A | N/A | $41.1M+21.9% | -$24.3M-272.3% |
| Investing Cash Flow | -$28.2M+32.0% | -$52.3M-193.0% | -$32.2M-29.3% | -$32.3M+62.2% | -$41.4M-46.3% | -$17.8M+8.6% | -$24.9M-25.0% | -$85.4M-449.9% |
| Financing Cash Flow | -$15.8M-3278.0% | -$53.3M-158.2% | -$10.5M-268.6% | -$2.1M+84.1% | $496K-99.8% | -$20.7M-1691.2% | $6.3M+130.5% | -$13.1M-420.3% |
| Share Buybacks | $26.6M | $20.0M | N/A | N/A | N/A | N/A | N/A | N/A |
Not reported in any period shown, so not listed: Dividends Paid.
VERX Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 64.4%-1.3pp | 63.5%-0.3pp | 64.8%-0.9pp | 63.1%-1.7pp | 65.7%+1.9pp | 63.8%+2.7pp | 65.6%+5.2pp | 64.8%+4.1pp |
| Operating Margin | -2.2%-0.1pp | -5.4%-7.9pp | -1.3%+6.0pp | 2.3%-0.6pp | -2.1%-6.8pp | 2.5%+3.5pp | -7.3%-5.7pp | 2.9%+4.3pp |
| Net Margin | 4.4%+5.0pp | -1.3%-7.6pp | -3.6%+34.4pp | 2.1%-2.1pp | -0.5%-3.7pp | 6.3%+4.6pp | -38.0%-47.9pp | 4.2%+6.6pp |
| Return on Equity | 3.8%+4.1pp | -1.0%-6.6pp | -2.7%+35.1pp | 1.5%-1.3pp | -0.4%-2.6pp | 5.5%+4.5pp | -37.8%-43.8pp | 2.8%+4.3pp |
| Return on Assets | 0.8%+0.8pp | -0.2%-1.2pp | -0.5%+5.3pp | 0.3%-0.3pp | -0.1%-0.6pp | 1.0%+0.6pp | -5.8%-7.8pp | 0.6%+1.1pp |
| Current Ratio | 0.87-0.1x | 0.86-0.1x | 0.980.0x | 1.010.0x | 0.99-0.2x | 0.98+0.4x | 1.00+0.4x | 1.04+0.5x |
| Debt-to-Equity | 1.400.0x | 1.37-0.3x | 1.30-0.6x | 1.270.0x | 1.36-0.1x | 1.67+1.5x | 1.87+1.7x | 1.29+1.1x |
| Asset Turnover | 0.170.0x | 0.160.0x | 0.150.0x | 0.160.0x | 0.150.0x | 0.15-0.1x | 0.15-0.1x | 0.14-0.1x |
| FCF Margin | 15.2% | 8.1% | N/A | N/A | N/A | N/A | 23.1%+1.3pp | -14.2%-24.0pp |
Note: The current ratio is below 1.0 (0.98), indicating current liabilities exceed current assets, which may suggest potential short-term liquidity concerns.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Vertex, Inc. VERX | FY2025 | $748.4M | $7.2M | 1.0% | $2.0B | 49/100 |
| Intapp, Inc. INTA | FY2026 | $577.8M | -$41.3M | -7.1% | $2.7B | 45/100 |
| SPS Commerce, Inc. SPSC | FY2025 | $751.5M | $93.3M | 12.4% | $3.0B | 78/100 |
| Freshworks Inc. FRSH | FY2025 | $838.8M | $183.7M | 21.9% | $3.3B | 58/100 |
| nCino, Inc. NCNO | FY2026 | $594.8M | $9.7M | 1.6% | $1.9B | 41/100 |
| Kingsoft Cloud Holdings Limited KC | FY2025 | $1.4B | -$133.9M | -9.8% | $2.7B | 43/100 |
Where Vertex, Inc. Ranks
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 P/E ratio?
Vertex, Inc. (VERX) trades at 560x earnings, its market capitalization divided by net income of $3.6M net income, trailing 12 months to June 30, 2026. The market capitalization is $2.0B as of Oct 1, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Vertex, Inc.'s price-to-sales ratio?
Vertex, Inc. (VERX) trades at 2.5x sales, its market capitalization divided by revenue of $787.4M revenue, trailing 12 months to June 30, 2026. The market capitalization is $2.0B as of Oct 1, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Vertex, Inc.'s Altman Z-Score?
Vertex, Inc. (VERX) has an Altman Z-Score of 1.71, 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 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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) reported $7.2M of net income while generating $165.5M in operating cash flow. The ratio between the two is outside the range this page publishes as a per-dollar figure, so both figures are given instead. 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 0.44x, 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 49 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.