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

17.58 1.66 +10.43%

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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

Vertex, Inc. (VERX) Debt to equity

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Vertex, Inc.'s debt to equity at the end of the quarter to 30 September 2026 was 1.9×, up 0.6× from fiscal 2025 (1.3×). Over the past ten years it has ranged from −0.4× (fiscal 2019) to 1.9× (fiscal 2024); the current reading is higher than 88% of that period. That is above the Software Application industry median of 0.0× and above the Technology sector median of 0.1×.

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<iframe src="https://stockrow.com/embed/VERX/debt-to-equity" width="100%" height="360" style="border:0" loading="lazy" title="Vertex, Inc. debt to equity, 10 years"></iframe>
<p style="font-size:12px">Source: <a href="https://stockrow.com/VERX/metrics/debt-to-equity">Vertex, Inc. (VERX) debt to equity — stockrow.com</a></p>

Period	Debt to equity	Change
FY2025	1.3×	(30.26%)
FY2024	1.9×	914.71%
FY2023	0.2×	(13.48%)
FY2022	0.2×	1,044.62%
FY2021	0.0×	287.50%
FY2020	0.0×	—
FY2019	−0.4×	—
FY2018	0.0×	—

Period	Debt to equity	Change
Sep 2026	1.9×	34.05%
Jun 2026	1.4×	2.41%
Mar 2026	1.4×	5.21%
Dec 2025	1.3×	2.32%
27 more quarters	Free account

Against its own ten years

Low −0.4× High 1.9×

Ten-year median 0.1×

Current reading's percentile 88

Company	Debt to equity
GRND Grindr Inc. compare	−32.9×
SPSC SPS Commerce, Inc. compare	0.0×
PLUS ePlus inc. compare	0.0×
ASAN Asana, Inc. compare	0.0×
BULL Webull Corporation compare	0.1×
NCNO nCino Inc. compare	0.4×
KC Kingsoft Cloud Holdings Limited Sponsored ADR compare	0.8×
VERX Vertex, Inc.	1.9×
BLKB Blackbaud, Inc. compare	8.7×
Software Application industry median	0.0×
Technology sector median	0.1×
Market median	0.1×

What Debt to equity is

Debt to Equity Ratio shows how much a company relies on borrowed money compared with the money its shareholders have in the business.

(Long Term Debt (Total) + Current Part of Debt) ÷ Shareholders Equity (Total)

The full definition of Debt to equity →

Vertex, Inc. (VERX) Debt to equity

Debt to equity, annual

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Against its own ten years

Debt to equity against peers

What Debt to equity is

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Debt to equity, annual

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Against its own ten years

Debt to equity against peers

What Debt to equity is

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