Pricing Log in Create free account
Friday 6 November 2026 Export VERX’s income statement to Excel — free account

Vertex, Inc.

VERX Technology Software Application

Vertex, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $748.4 million, up 12.2% from fiscal 2024.

Revenue
+11.0%
EPS
+1,100.0%
Free cash flow
+76.8%
Total debt
+0.66%

Quarter to September 2026, against a year earlier

17.12 0.47 −2.67%
Market cap
$2.9B
P/E
511×
Fwd P/E
71.3×
Dividend yield
—
F-score
6/9
Altman Z
2.41
Beneish M
−2.95
Dividend safety
n/a
Overview
Financials
Income Statement Balance Sheet Cash Flow Metrics & Ratios

Insider Decisions last twelve months

Bought, $m 6.52
Sold, $m 0.08
Trades a month
Jan 26 Apr 26 Jul 26 Oct 26
Buy — — 3 1 — — — — — — — —
Sell — — — — — 1 — — — — — —
Insider Ownership 53.58%

Capital & Financial Ratios $m

Size
Market Cap 2,850.00
Revenue ttm 808.60
Net income ttm (47.10)
Free cash flow ttm 164.43
Net debt Q 339.20
Valuation
P/E 511.05 (above 35: high)
Forward P/E 71.30 (above 35: high)
Price / sales 3.51
Forward P/S Powerpack
Price / FCF 68.40
Price / book 15.74 (above 6: high)
Financial health
Current ratio Q 0.75 (below 1: weak)
Debt / equity Q 1.88
Interest coverage Q 12.92
Growth
Revenue growth Q +11.02% (above 0%: growing)
Operating income growth Q −92.73% (below 0%: shrinking)
EPS, this year +32.99% (at or above 15%: strong)
EPS, next year A +21.74% (at or above 15%: strong)
Revenue, next year A +10.52% (at or above 10%: strong)
EPS, past 5 yrs —
EPS, next 5 yrs A +24.83% (at or above 15%: strong)

Green and red mark values outside typical ranges; (Q) is the latest quarter, (A) analysts’ estimates. How we judge →

Valuation vs history

EV/Sales, ten years
EV/Sales is 3.6×, against a ten-year median of 6.4×; over the ten years it ranged from 2.5× in 2026 to 13.5× in 2025.
P/S against its own 10 years 13.06%
10-year low 10-year high
P/B against its own 10 years 64.06%
10-year low 10-year high
EV/Sales against its own 10 years 14.52%
10-year low 10-year high
EV/FCF against its own 10 years 34.50%
10-year low 10-year high

Dividends

Yield
—
Annual rate
—
Payout ratio
—

Assets vs Liabilities $m

2023 2024 2025 Q'26
Cash 78 305 314 —
Receivables 142 164 183 155
Inventory — — — —
Other 21 30 24 33
267 536 561 443
2023 2024 2025 Q'26
Payables 24 36 38 29
ST’ Debt 3 — — —
Other 30 63 48 —
441 537 575 593

Compound Annual Growth %

10y 5y 3y
Sales — 14.84% 15.04%
Cash Flow — 22.69% 37.38%
Earnings — 0.00% 0.00%
Book Value — 2.46% 4.07%

Earnings Trends EPS, adjusted, against the consensus

Q3 FY26 Estimate 0.22 Actual 0.26

Earnings per share against the consensus, by quarter
Quarter Estimate Reported Result
Q4 FY25 0.17 0.17 Met by 0.00
Q1 FY26 0.16 0.17 Beat by 0.01
Q2 FY26 0.19 0.20 Beat by 0.01
Q3 FY26 0.22 0.26 Beat by 0.04
Q4 FY26 0.23 — Reports 10 February 2027

EPS $

Mar Jun Sep Dec Year
’26 (0.02) 0.06 — — —
’25 0.07 (0.01) 0.02 (0.04) 0.04
’24 0.02 0.03 0.04 (0.43) (0.34)
’23 (0.12) (0.05) (0.02) 0.09 (0.09)
’22 0.00 (0.04) (0.01) (0.04) (0.08)
’21 0.01 0.01 (0.03) 0.00 (0.01)
’20 (0.24) (0.24) (0.15) 0.00 (0.60)
Fiscal quarters ending in the months shown.

Revenue $m

Mar Jun Sep Dec Year
’26 197 204 213 — —
’25 177 185 192 195 748
’24 157 161 170 178 667
’23 133 140 145 155 572
’22 115 119 126 131 492
’21 98 105 111 112 426
’20 89 91 95 100 375
Fiscal quarters ending in the months shown.

Operating Cash Flow $m

Mar Jun Sep Dec Year
’26 38 31 53 — —
’25 15 46 62 42 166
’24 25 58 41 41 165
’23 3 (4) 28 48 74
’22 3 6 15 40 64
’21 (3) 29 26 38 90
’20 (6) 27 (1) 39 60
Fiscal quarters ending in the months shown.

Free Cash Flow $m

Mar Jun Sep Dec Year
’26 8 3 53 — —
’25 (12) 20 30 10 48
’24 5 37 18 18 78
’23 (11) (21) 9 29 6
’22 (14) (5) (1) 24 3
’21 (11) 17 15 26 47
’20 (16) 19 (7) 31 27
Fiscal quarters ending in the months shown.

Target Price Range

Analyst price targets

Recommendation Rating

2.1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Ten-year view Analyst estimates Powerpack
Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 TTM Sep ’26 Trend 10 yrs 2026e 2027e 2028e Next 3/yr
Income, $m
Income, $m Revenue — — 272 322 375 426 492 572 667 748 809 +15.5% 827 914 1,017 +10.8%
Gross margin, % — — 64.87 65.67 55.86 61.96 60.72 60.90 63.91 64.35 64.61 (0.5) pt
EBT — — (4) 31 (108) (4) (10) (22) 2 8 (14) n/m
EBT margin, % — — (1.63) 9.61 (28.79) (0.92) (2.06) (3.79) 0.29 1.01 (1.79) +2.6 pt
Net income — 0 (6) 31 (75) (1) (12) (13) (53) 7 (47) n/m
Per share, $
Per share, $ Revenue — — 2.26 2.67 2.85 2.88 3.29 3.77 4.29 4.71 0.00 +11.1%
Earnings — — (0.05) 0.26 (0.60) (0.01) (0.08) (0.09) (0.34) 0.05 0.03 n/m
Cash flow — — 0.67 0.77 0.45 0.61 0.43 0.49 1.06 1.04 0.00 +6.6%
Capex — — (0.28) (0.31) (0.25) (0.29) (0.40) (0.45) (0.56) (0.74) (0.76) +15.2%
Free cash flow — — 0.39 0.46 0.20 0.32 0.02 0.04 0.50 0.30 0.00 (3.7%)
Book value — — 0.00 (1.08) 1.74 1.56 1.54 1.67 1.15 1.63 0.00 n/m
Shares, m — — 121 121 132 148 150 152 155 159 160 +4.0%
Valuation, ×
Valuation, × P/E — — 0.00 0.00 0.00 0.00 0.00 0.00 0.00 369.81 511.05 46.2
P/S — — 8.27 8.27 12.23 5.51 4.45 7.11 12.43 4.24 3.51 7.8
P/B — — 0.00 0.00 19.98 10.19 9.52 16.09 46.20 12.26 15.74 14.3
EV/Sales — — 8.63 8.63 11.43 5.35 4.34 7.06 12.48 4.28 3.65 7.8
EV/FCF — — 72.76 72.76 160.12 48.51 622.01 662.19 107.05 67.24 71.08 226.6
Cash, $m
Cash, $m Operating cash flow — — 80 92 60 90 64 74 165 166 164 +10.9%
Capex — — (33) (38) (33) (43) (60) (68) (87) (118) (123) +19.8%
Free cash flow — — 47 55 27 47 3 6 78 48 164 +0.1%
Balance, $m
Balance, $m Working capital — — (106) (169) 111 (173) (160) (174) (1) (14) (151) (25.2%)
Net debt — — (1) (24) (302) (69) (54) (31) 30 24 339 n/m
Shareholders’ equity — — — (130) 229 230 230 253 179 259 180 n/m
Returns, %
Returns, % ROA — — 0.00 23.47 (18.24) (0.24) (1.77) (1.77) (5.47) 0.59 (3.94) +0.6 pt
ROIC — — 0.00 0.00 0.00 (1.14) (2.88) (4.93) (0.67) 0.52 (2.09) +0.5 pt
ROE — — 4.77 (24.26) (150.82) (0.64) (5.35) (5.42) (24.39) 3.29 (21.19) (1.5) pt
People
People Employees — — — 1,100 1,200 1,300 1,400 1,500 1,900 2,100 — +11.4%
Revenue/emp, $m — — 0.00 0.29 0.31 0.33 0.35 0.38 0.35 0.36 — n/m
Negative figures in brackets.
estimates

All 10 years →

Fiscal years to Dec 2025 · latest quarter Sep 2026 · fundamentals updated 5 Nov 2026

Vertex, Inc. vs peers in Software Application (Q) = latest quarter vs a year earlier

Company Market cap P/E Fwd P/E Revenue growth (Q) EPS growth (Q) FCF growth (Q) Gross margin (Q) EBIT margin (Q) Compare
SPSC SPS Commerce, Inc. $2.9B 36.4× 35.4× +4.08% (above 0%: growing) +27.57% (above 0%: growing) +7.23% (above 0%: growing) 71.11% 20.20% Compare
VERX Vertex, Inc. $2.9B 511× 71.3× +11.02% (above 0%: growing) n/m +76.75% (above 0%: growing) 65.74% 0.15%
BULL Webull Corporation $2.6B 48.5× — +51.21% (above 0%: growing) n/m −454,633.33% (below 0%: shrinking) 77.70% 22.86% Compare
ASAN Asana, Inc. $2.6B — (loss-making) — (loss-making) +9.90% (above 0%: growing) n/m +390.69% (above 0%: growing) 85.99% (19.05%) Compare
BLKB Blackbaud, Inc. $2.5B 17.0× 15.3× +4.09% (above 0%: growing) +4.07% (above 0%: growing) +2.26% (above 0%: growing) 60.75% 20.49% Compare
NCNO nCino Inc. $2.5B 74.8× 72.0× +8.19% (above 0%: growing) n/m +170.13% (above 0%: growing) 62.59% 8.46% Compare
KC Kingsoft Cloud Holdings Limited Sponsored ADR $2.5B — (loss-making) — (loss-making) +38.06% (above 0%: growing) n/m +43.68% (above 0%: growing) 15.18% 0.75% Compare
GRND Grindr Inc. $2.4B 26.9× 25.0× +32.54% (above 0%: growing) +25.00% (above 0%: growing) +3.61% (above 0%: growing) 74.98% 23.53% Compare
PLUS ePlus inc. $2.2B 17.9× 19.1× +0.99% (above 0%: growing) −27.78% (below 0%: shrinking) +175.78% (above 0%: growing) 23.31% 5.98% Compare
Median of peers $2.5B 31.7× 25.0× +9.05% +14.54% +25.46% 66.85% 14.33%

All 230 Software Application stocks →

Vertex, Inc. (VERX) Latest News

5 Nov

Impact 3 · · The Motley Fool transcript
Impact 3 · · Moby
Impact 3 · · GuruFocus.com
Impact 3 · · MarketBeat transcript

4 Nov

Impact 3 · · Zacks
Impact 3 · · GlobeNewswire

28 Oct

Impact 4 · · Trefis

26 Oct

Impact 4 · · GlobeNewswire

23 Oct

Impact 4 · · Trefis

21 Oct

Impact 3 · · Simply Wall St.

20 Oct

Impact 4 · · Trefis
Impact 4 · · Business Wire
Impact 3 · · GlobeNewswire

15 Oct

Impact 4 · · GlobeNewswire

9 Oct

Impact 3 · · Simply Wall St.

1 Oct

Impact 4 · · GlobeNewswire

13 Aug

Impact 4 ·

10 Aug

Impact 4 · · The Motley Fool transcript

5 Aug

Impact 4 ·
Impact 4 ·
Impact 4 ·
Impact 3 ·

4 Aug

Impact 4 ·
Impact 3 · · Moby transcript

3 Aug

Impact 3 · · MarketBeat transcript
Impact 3 ·

30 Jul

Impact 4 ·

5 Jul

Impact 3 ·

1 Jun

Impact 4 · · Simply Wall St.
Impact 3 · · The Motley Fool transcript

VERX metrics, ten years each

stockrow.com/VERX · Data as of Nov 5, 2026 · For information only; not investment advice. · © 2026 stockrow.com