VERX - Company ID 0001806837
The table below shows Vertex, Inc.'s income statement line items across its last 6 fiscal years, exactly as reported in the company's audited annual filings. All figures are in US dollars; negative values appear in red.
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $748.44M | $666.78M | $572.39M | $491.62M | $425.55M | $374.67M |
| Cost of revenue | $266.84M | $240.65M | $223.81M | $193.13M | $161.89M | $165.39M |
| Gross profit | $481.60M | $426.13M | $348.58M | $298.49M | $263.66M | $209.28M |
| R&D | $83.72M | $66.67M | $58.21M | $41.88M | $44.02M | $54.34M |
Vertex, Inc. reported annual revenue of $748.44M for fiscal year 2025. That is up 12.2% from $666.78M in fiscal 2024. Over the 8 fiscal years shown, annual revenue grew from $272.40M (FY 2018) to $748.44M. Figures come from the company's audited annual reports as filed with the SEC.
Data parsed from SEC EDGAR XBRL filings. See the full market cap rankings.
| SG&A |
| $178.69M |
| $152.84M |
| $145.94M |
| $121.65M |
| $107.01M |
| $149.06M |
| Operating income | $2.33M | -$2.23M | -$17.51M | -$8.08M | -$2.94M | -$104.76M |
| Income tax | $368.00K | $54.64M | -$8.58M | $2.17M | -$2.45M | -$32.79M |
| Net income | $7.20M | -$52.70M | -$13.10M | -$12.30M | -$1.50M | -$75.08M |
| EPS (diluted) | - | - | - | - | - | - |