Saturday 17 October 2026 Export VERX’s income statement to Excel — free account

Vertex, Inc.

Vertex, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $748.4 million, up 12.2% from fiscal 2024. In the quarter to June 2026, revenue grew 10.5%, EPS grew 1,100.0%, free cash flow fell 86.1% and total debt was flat, each against the same quarter a year earlier. Revenue growth for five consecutive years, operating cash flow growth for three; insiders bought in the last twelve months.

13.37 0.29 −2.12%

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Market cap: $2.2B
P/E: 389×
Fwd P/E: 73.1×
Dividend yield: —
F-score: 6/9
Altman Z: 2.41
Beneish M: −2.95
Dividend safety: n/a

Overview Business Profile Financial Analysis Income Statement Balance Sheet Cash Flow Metrics & Ratios 10-Q 10-K

Insider Decisions trades per month

Total buys 6.52

Total sells 0.08

Totals in millions of $.

	Dec 25			Mar 26			Jun 26			Sep 26
Buy	—	—	—	3	1	—	—	—	—	—	—	—
Sell	—	—	—	—	—	—	1	—	—	—	—	—

Insider Ownership 53.57%

Capital & Financial Ratios $m

Market Cap 2,220.00

Revenue 787.44

Net Income 3.58

Free Cash Flow 50.64

Net Debt 108.15

Current Ratio 0.87

Debt/Equity 1.40

P/E ratio 388.66

Fwd P/E 73.10

P/S ratio 2.74

P/B ratio 8.95

Past 5Y EPS Growth —

This Y EPS Growth 28.09%

Next Y EPS Growth 23.89%

Next Y revenue growth 10.51%

Next 5Y EPS Growth 24.31%

Green and red mark values outside typical ranges. How we judge →

Valuation vs history

EV/Sales, ten years

P/S against its own 10 years 7.68%

10-year low 10-year high

P/B against its own 10 years 17.84%

10-year low 10-year high

EV/Sales against its own 10 years 8.51%

10-year low 10-year high

EV/FCF against its own 10 years 15.28%

10-year low 10-year high

Dividends

Payout Ratio —

Annual Dividend Rate —

Annual Dividend Yield —

	total	individual payouts
2025	Powerpack
2024	Powerpack
2023	Powerpack
2022	Powerpack
2021	Powerpack
2020	Powerpack

predictions special payouts not included in total or ratios

Assets vs Liabilities $m

	2023	2024	2025	Q'26
Cash	78	305	314	230
Receivables	142	164	183	153
Inventory	—	—	—	—
Other	21	30	24	26
	267	536	561	492

	2023	2024	2025	Q'26
Payables	24	36	38	37
ST’ Debt	3	—	—	—
Other	30	63	48	58
	441	537	575	564

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%

Revenue $m

	Mar	Jun	Sep	Dec	Year
’26	197	204	—	—	—
’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	—	—	—
’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	—	—	—
’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.

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.

Group	Line	2016	2017	2018	2019	2020	2021	2022	2023	2024	2025	2026e
Price, $
Price, $	Low	—	—	—	—	21.11	15.82	9.44	11.92	23.31	18.54	Analyst estimates 2026–2028 Powerpack
	High	—	—	—	—	37.68	39.71	19.30	30.00	57.74	60.71
People
People	Employees	—	—	—	1,100	1,200	1,300	1,400	1,500	1,900	2,100
	Revenue/emp, $m	—	—	0.00	0.29	0.31	0.33	0.35	0.38	0.35	0.36
Income, $m
Income, $m	Revenue	—	—	272	322	375	426	492	572	667	748
	Gross margin, %	—	—	64.87	65.67	55.86	61.96	60.72	60.90	63.91	64.35
	EBT	—	—	(4)	31	(108)	(4)	(10)	(22)	2	8
	EBT margin, %	—	—	(1.63)	9.61	(28.79)	(0.92)	(2.06)	(3.79)	0.29	1.01
	Net income	—	0	(6)	31	(75)	(1)	(12)	(13)	(53)	7
	Depreciation	—	—	25	25	33	45	61	75	89	103
Per share, $
Per share, $	Revenue	—	—	2.26	2.67	2.85	2.88	3.29	3.77	4.29	4.71
	Earnings	—	—	(0.05)	0.26	(0.60)	(0.01)	(0.08)	(0.09)	(0.34)	0.05
	Cash flow	—	—	0.67	0.77	0.45	0.61	0.43	0.49	1.06	1.04
	Capex	—	—	(0.28)	(0.31)	(0.25)	(0.29)	(0.40)	(0.45)	(0.56)	(0.74)
	Free cash flow	—	—	0.39	0.46	0.20	0.32	0.02	0.04	0.50	0.30
	Book value	—	—	0.00	(1.08)	1.74	1.56	1.54	1.67	1.15	1.63
	Shares, m	—	—	121	121	132	148	150	152	155	159
Valuation, ×
Valuation, ×	P/E	—	—	0.00	0.00	0.00	0.00	0.00	0.00	0.00	369.81
	P/S	—	—	8.27	8.27	12.23	5.51	4.45	7.11	12.43	4.24
	P/B	—	—	0.00	0.00	19.98	10.19	9.52	16.09	46.20	12.26
	EV/Sales	—	—	8.63	8.63	11.43	5.35	4.34	7.06	12.48	4.28
	EV/FCF	—	—	72.76	72.76	160.12	48.51	622.01	662.19	107.05	67.24
Cash, $m
Cash, $m	Operating cash flow	—	—	80	92	60	90	64	74	165	166
	Capex	—	—	(33)	(38)	(33)	(43)	(60)	(68)	(87)	(118)
	Free cash flow	—	—	47	55	27	47	3	6	78	48
Balance, $m
Balance, $m	Working capital	—	—	(106)	(169)	111	(173)	(160)	(174)	(1)	(14)
	Total debt	—	—	55	51	1	4	49	47	335	338
	Net debt	—	—	(1)	(24)	(302)	(69)	(54)	(31)	30	24
	Shareholders’ equity	—	—	—	(130)	229	230	230	253	179	259
Returns, %
Returns, %	ROA	—	—	0.00	23.47	(18.24)	(0.24)	(1.77)	(1.77)	(5.47)	0.59
	ROIC	—	—	0.00	0.00	0.00	(1.14)	(2.88)	(4.93)	(0.67)	0.52
	ROE	—	—	4.77	(24.26)	(150.82)	(0.64)	(5.35)	(5.42)	(24.39)	3.29

Negative figures in brackets.

All 10 years →

Fiscal years to Dec 2025 · latest quarter Jun 2026

Charts ten years each

Company	Market cap	P/E	Fwd P/E	Revenue growth (Q)	EPS growth (Q)	FCF growth (Q)	Gross margin (Q)	EBIT margin (Q)	Compare
PLUS ePlus inc.	$2.5B	20.5×	17.6×	+0.99% (above 0%: growing)	−18.18% (below 0%: shrinking)	+175.78% (above 0%: growing)	23.31%	5.98%	Compare
ADEA Adeia Inc.	$2.4B	18.1×	40.6×	+12.11% (above 0%: growing)	+6.67% (above 0%: growing)	+94.36% (above 0%: growing)	100.00%	26.40%	Compare
ASAN Asana, Inc.	$2.4B	— (loss-making)	— (loss-making)	+9.90% (above 0%: growing)	n/m	+390.69% (above 0%: growing)	85.99%	(19.05%)	Compare
BLKB Blackbaud, Inc.	$2.3B	15.9×	9.0×	+3.04% (above 0%: growing)	+46.30% (above 0%: growing)	+46.16% (above 0%: growing)	61.31%	21.34%	Compare
BTDR Bitdeer Technologies Group	$2.3B	— (loss-making)	— (loss-making)	+47.05% (above 0%: growing)	n/m	+5.54% (above 0%: growing)	(3.73%)	(44.47%)	Compare
DBD Diebold Nixdorf, Incorporated	$2.3B	21.5×	—	+1.70% (above 0%: growing)	+36.36% (above 0%: growing)	−327.56% (below 0%: shrinking)	25.74%	6.17%	Compare
NCNO nCino Inc.	$2.2B	66.2×	43.6×	+8.19% (above 0%: growing)	n/m	+170.13% (above 0%: growing)	62.59%	8.46%	Compare
VERX Vertex, Inc.	$2.2B	389×	73.1×	+10.52% (above 0%: growing)	n/m	−86.05% (below 0%: shrinking)	64.37%	(2.18%)
SOUN SoundHound AI, Inc.	$2.2B	— (loss-making)	— (loss-making)	+45.02% (above 0%: growing)	n/m	−49.37% (below 0%: shrinking)	45.12%	(69.95%)	Compare
Median of peers	$2.3B	20.5×	29.1×	+9.05%	+21.51%	+70.26%	53.22%	6.08%

All 237 Software Application stocks →

Vertex, Inc. (VERX) key facts

Strength: Vertex, Inc.’s revenue for fiscal 2025 (year ended December 2025) was $748.4 million, up 12.2% from fiscal 2024.
Vertex, Inc. (VERX) is a Software Application company in the Technology sector, listed on Nasdaq.
As of October 16, 2026, VERX traded at $13.37, a market capitalization of $2.2 billion.
Return on equity was 3.29% and debt-to-equity 1.40.
Its Piotroski F-score is 6 out of 9 and its Altman Z-score is 2.41 (grey zone) for fiscal 2025.

Source: company filings (standardised) and stockrow calculations.