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. 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%
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

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 (below 1: weak)
Debt/Equity 1.40
P/E ratio 388.66 (above 35: high)
Fwd P/E 73.10 (above 35: high)
P/S ratio 2.74
P/B ratio 8.95 (above 6: high)
Past 5Y EPS Growth —
This Y EPS Growth 28.09% (at or above 15%: strong)
Next Y EPS Growth 23.89% (at or above 15%: strong)
Next Y revenue growth 10.51% (at or above 10%: strong)
Next 5Y EPS Growth 24.31% (at or above 15%: strong)

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

Valuation vs history

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.

Target Price Range

Analyst price targets

Recommendation Rating

2.1
1Buy 2 3Hold 4 5Sell

Ten years at a glance Fiscal years to December

Group Line 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 Trend 2026e 2027e 2028e
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

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
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.

Vertex, Inc. (VERX) Latest News

10 Aug

Impact 4 · transcript

9 May

17 Mar

stockrow.com/VERX · Data as of Jun 30, 2026 · For information only; not investment advice. · © 2026 stockrow.com