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NASDAQ · SERVICES-PREPACKAGED SOFTWARE · LARGE CAP

Vertex, Inc. VERX

8 fiscal years on record · USD · FY2025 reported · SEC filings only
$748.4M
▲ 12.2% YoY
$7.2M

Slide the table for earlier years · "·" marks a figure not available in our data for that year.

In brief

What this company does

Vertex provides a platform that enables customers to determine transaction-level obligations, manage compliance data, support invoicing and reporting requirements, and maintain audit-ready records across jurisdictions. As of December 31, 2025, it had 4,867 direct customers. Its platform is built on more than one billion tax rates and rules and supports compliance across more than 20,000 jurisdictions worldwide. As of December 31, 2025, it had over 2,100 full-time employees, of whom 73% were based in the U.S., 17% in Europe and 10% in other countries. It provides cloud services from six geographically separate data centers located on two continents, North America and Europe. Vertex has provided tax and compliance technology for more than 45 years.

Written from the business description in Vertex, Inc.'s annual report to the U.S. Securities and Exchange Commission, filed 24 February 2026. Every sentence was checked against that document before publication.

Growth

USD 748.4M
Revenue, FY2025 · full 8-year series below
Revenue $M Net income $M
FY2025 · Revenue 748.4 · Net income 7.2
300M600M
2018202120242025
Compound annual growth
+15.0%
+14.8%
3 yrs
5 yrs
10 yrs
15 yrs

Revenue compounded at +14.8% a year over the five years to FY2025.

Compound annual rates per period — left blank where that exact year isn't on file, the series crosses a loss, or (per-share rows) a split falls inside the window.

Profitability

1 cents
of every revenue dollar became profit
Operating margin Net margin
FY2025 · Operating 0.3% · Net 1.0%
5%-10%-20%
201820212025
ROE
FY2025 · ROE 3.3%
1%2%3%-10%-20%
201820212025
Three returns, three denominators.
Gross margin64.3%
Operating margin0.3%
Net margin1.0%
EBITDA·

Each USD of equity produced 3 cents of profit this year.

Cash & shareholders

USD 2.4M
returned in FY2025 · dividends + net buybacks
Free cash flow $M
FY2024 · FCF 93.1
40M80M
201820212025
Net buybacks $M Dividends $M
FY2025 · Dividends · · Net buybacks 2.4
100M200M
2018201920202025
Dividends paid·
Net buybacksUSD 2.4M
Share of profit33.1%
Consecutive raises1 year

USD 2.4M in buybacks — 33% of the year's profit went back to shareholders.

Total assetsUSD 1.3B
EquityUSD 258.9M
CashUSD 314.0M
Gross debtUSD 337.5M
Net debtUSD 23.5M
Current ratio0.98×

Net debt stands at 9% of equity.

The 8-year record

8 fiscal years
Every figure from documents filed with the SEC · USD
row low → row highnegative—not applicable◌not available in our data
VERX, 8-year financial record
Metric 20252024202320222021202020192018
Revenue $B0.70.70.60.50.40.40.30.3
Operating income $B0.0−0.0−0.0−0.0−0.0−0.10.0−0.0
EBITDA $B◌◌◌◌◌◌◌◌
Income tax $B0.00.1−0.00.0−0.0−0.0−0.00.0
Net income $B0.0−0.1−0.0−0.0−0.0−0.10.0−0.0
Free cash flow $B◌0.10.00.00.10.00.10.1
EPS, diluted $◌−0.34−0.09−0.08−0.01−0.570.25◌
Dividend / sh $◌◌◌◌◌◌0.110.09
Payout %—————−19592−459
ROE %3.3−24.4−5.4−5.4−0.6———

Slide the table for earlier years. "—" not applicable · "◌" not available in our data.

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Provenance

Company facts, as filed

How we verify · 0 failures in 30 reconciliationsAUDITED

Reconciled in 8 of the 8 fiscal years we could check. 24 checks were skipped: the balance sheet is not tagged before 2019. 12 checks were skipped: EPS is not tagged before 2019. 11 checks were skipped: revenue is not tagged before 2018.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquidityCurrency consistency0 failures
ActivityServices-Prepackaged Software
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2018

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