VERX
Vertex
NASDAQ: VERX · TECHNOLOGY · SOFTWARE - APPLICATION
$12.27
-2.85% today
Updated 2026-04-29
Market cap
$1.98B
P/E ratio
306.75
P/S ratio
2.65x
EPS (TTM)
$0.04
Dividend yield
—
52W range
$11 – $42
Volume
1.6M
Vertex (VERX) Financial statements
SEC filings — annual and quarterly data.
Income statement — annual
| Item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $272.40M | $321.50M | $374.67M | $425.55M | $491.62M | $572.39M | $666.78M | $748.44M |
| Revenue growth (YoY) | — | +18.0% | +16.5% | +13.6% | +15.5% | +16.4% | +16.5% | +12.2% |
| Cost of revenue | $95.70M | $110.38M | $165.39M | $161.89M | $193.13M | $223.81M | $240.65M | $293.93M |
| Gross profit | $176.71M | $211.12M | $209.28M | $263.66M | $298.49M | $348.58M | $426.13M | $454.51M |
| Gross margin | 64.9% | 65.7% | 55.9% | 62.0% | 60.7% | 60.9% | 63.9% | 60.7% |
| R&D | $23.75M | $30.56M | $54.34M | $44.02M | $41.88M | $58.21M | $66.67M | $83.72M |
| SG&A | $58.95M | $71.01M | $149.06M | $107.01M | $121.65M | $145.94M | $152.84M | $171.86M |
| Operating income | $-2.83M | $31.86M | $-104.76M | $-2.94M | $-8.08M | $-17.51M | $-2.23M | $-7.85M |
| Operating margin | -1.0% | 9.9% | -28.0% | -0.7% | -1.6% | -3.1% | -0.3% | -1.0% |
| EBITDA | $22.07M | $57.05M | $-72.54M | $41.84M | $53.07M | $56.95M | $102.01M | $104.51M |
| EBITDA margin | 8.1% | 17.7% | -19.4% | 9.8% | 10.8% | 9.9% | 15.3% | 14.0% |
| EBIT | $-2.83M | $31.86M | $-104.76M | $-2.94M | $-8.08M | $-17.51M | $15.27M | $7.58M |
| Interest expense | $2.12M | $2.04M | $3.11M | $984000.00 | $2.05M | $4.16M | $4.14M | $5.25M |
| Income tax | $1.68M | $-155000.00 | $-32.79M | $-2.45M | $2.17M | $-8.58M | $54.64M | $368000.00 |
| Effective tax rate | -37.9% | -0.5% | 30.4% | 62.3% | -21.5% | 39.6% | 2862.1% | 4.9% |
| Net income | $-6.11M | $31.06M | $-75.08M | $-1.48M | $-12.30M | $-13.09M | $-52.73M | $7.21M |
| Net income growth (YoY) | — | +608.6% | -341.8% | +98.0% | -731.9% | -6.4% | -302.7% | +113.7% |
| Profit margin | -2.2% | 9.7% | -20.0% | -0.3% | -2.5% | -2.3% | -7.9% | 1.0% |