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MARKETS / NASDAQ / VERX
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
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
250.0M500.0M20182019202020212022202320242025
Compound annual growth
+15.0%
+14.8%
−56.1%
3 yrs
5 yrs
10 yrs
15 yrs

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

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%20182019202020212022202320242025
ROE
FY2025 · ROE 3.3%
-50%-100%-150%20182019202020212022202320242025

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
40M80M20182019202020212022202320242025
Net buybacks $M Dividends $M
FY2025 · Dividends — · Net buybacks 2.4
50M100M2018201920202025

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
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 %3.3−24.4−5.4−5.4−0.6−150.8··

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

Provenance
Company facts, as filed
How we verify · 0 failures in 30 reconciliationsAUDITED

Reconciled in 8 of 19 fiscal years. 65 checks could not be computed.

EPS recomputationBalance-sheet identityGross profitBalance-sheet liquiditymoeda_consistente0 failures
ActivityServices-Prepackaged Software
Listed onNASDAQ
Incorporated inDelaware
Fiscal year endsDecember 31
Data on record since2018

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