Vertex, Inc. (VERX) — Financial statements
Income statement, balance sheet, and cash flow for Vertex, Inc. — annual and quarterly history with growth and margin analysis.
| Metric (USD Millions) | 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|---|
| Revenue & Gross Profit | ||||||
| Revenue | 748↑12.2% | 667↑16.5% | 572↑16.4% | 492↑15.5% | 426 | |
| Cost of Revenue | 294↑22.1% | 241↑7.5% | 224↑15.9% | 193↑19.3% | 162 | |
| Gross Profit | 455↑6.7% | 426↑22.2% | 349↑16.8% | 298↑13.2% | 264 | |
| Operating Expenses | ||||||
| R&D Expenses | 84↑25.6% | 67↑14.5% | 58↑39.0% | 42↓4.9% | 44 | |
| General & Administrative Expenses | 172↑12.4% | 153↑4.7% | 146↑20.0% | 122↑13.7% | 107 | |
| Selling & Marketing Expenses | 196↑15.2% | 171↑21.6% | 140↑11.9% | 125↑26.6% | 99 | |
| SG&A Expenses | 368↑13.9% | 323↑13.0% | 286↑15.9% | 247↑19.9% | 206 | |
| Other Expenses | 10↓73.1% | 38↑76.4% | 22↑22.5% | 18↑6.9% | 17 | |
| Operating Expenses | 462↑7.9% | 428↑17.0% | 366↑19.4% | 307↑15.0% | 267 | |
| Total Costs & Expenses | 756↑13.0% | 669↑13.4% | 590↑18.0% | 500↑16.6% | 428 | |
| Operating Results | ||||||
| Operating Income | -8↓252.2% | -2↑87.3% | -18↓116.7% | -8↓174.7% | -3 | |
| Depreciation & Amortization | 97↑11.7% | 87↑16.5% | 74↑21.8% | 61↑36.6% | 45 | |
| EBITDA | 105↑2.4% | 102↑79.1% | 57↑7.3% | 53↑26.8% | 42 | |
| EBIT | 8↓50.4% | 15↑187.2% | -18↓116.7% | -8↓174.7% | -3 | |
| Interest & Other Income | ||||||
| Net Interest Income | 5↑26.9% | 4↑199.4% | -4↓103.3% | -2↓108.1% | -0.98 | |
| Interest Income | 5↑26.9% | 4 | 0.00 | 0.00 | 0.00 | |
| Interest Expense | 0.00 | 0.00↓100.0% | 4↑103.3% | 2↑108.1% | 0.98 | |
| Non-Operating Income | -15↑11.9% | -18 | 0.00 | 0.00 | 0.00 | |
| Other Income / Expenses | 15↑272.9% | 4↑199.4% | -4↓103.3% | -2↓108.1% | -0.98 | |
| Income Before Tax | 8↑297.0% | 2↑108.8% | -22↓114.0% | -10↓158.0% | -4 | |
| Income Tax Expense | 0.37↓99.3% | 55↑736.7% | -9↓494.7% | 2↑188.8% | -2 | |
| Net Income & EPS | ||||||
| Net Income from Continuing Operations | 7↑113.7% | -53↓302.7% | -13↓6.4% | -12↓731.9% | -1 | |
| Net Income from Discontinued Operations | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Net Income | 7↑113.7% | -53↓302.7% | -13↓6.4% | -12↓731.9% | -1 | |
| Bottom-Line Net Income | 7↑113.7% | -53↓302.7% | -13↓6.4% | -12↓731.9% | -1 | |
| EPS (Basic) | 0.05↑114.7% | -0.34↓277.8% | -0.09↓12.5% | -0.08↓700.0% | -0.01 | |
| EPS (Diluted) | 0.04↑111.8% | -0.34↓277.8% | -0.09↓12.5% | -0.08↓700.0% | -0.01 | |
| Weighted Average Shares | 144↓7.0% | 155↑2.1% | 152↑1.5% | 150↑1.3% | 148 | |
| Weighted Average Diluted Shares | 180↑16.2% | 155↑2.1% | 152↑1.5% | 150↑1.3% | 148 | |
* All figures in Millions of USD, except per share data. Growth rates calculated Year-over-Year (YoY). Data source: SEC Filings.