VERX · Vertex, Inc.
Income-statement, balance-sheet and cash-flow figures extracted from the company's SEC filings — 10-K annual and 10-Q quarterly reports — and standardised for comparison across periods.
Chart any reported metric, KPI or segment over time — the full statement history lives here
| Line Item | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|---|
| $787.44M | $748.44M | $666.78MG | $572.39MG | $491.62MG | $425.55M | $374.67M | $321.5M | $272.4M | |
| $4.67M | $5.25M | $4.14M | -$4.16M | -$2.05M | -$984K | — | — | — | |
| $283.86M | $266.84M | $240.65M | $223.81M | $193.13M | $161.89M | $165.39M | $110.38M | $95.7M | |
| $503.58M | $481.6M | $426.13M | $348.58M | $298.49M | $263.66M | $209.28M | $211.12M | $176.71M | |
| — | 64.35% | 63.91% | 60.9% | 60.72% | 61.96% | 55.86% | 65.67% | 64.87% | |
| $91.6M | $83.72M | $66.67M | $58.21M | $41.88M | $44.02M | $54.34M | $30.56M | $23.76M | |
| $204.41M | $196.49M | $170.57M | $140.24M | $125.34M | $99.01M | $99.42M | $68.13M | $56.9M | |
| $195.75M | $178.69M | $152.84M | $145.94M | $121.65M | $107.01M | $149.06M | $71.01M | $58.95M | |
| $2.27M | $2.28M | $2.7M | $2.88M | $4.01M | $1.07M | $443K | — | — | |
| $107.41M | $96.93M | $82.73M | $71.89M | $61.15M | $44.78M | $32.22M | $25.19M | $24.9M | |
| $516.92M | $479.27M | $428.35M | $366.09M | $306.57M | $266.6M | $314.04M | $179.27M | $179.54M | |
| -$13.34M | $2.33M | -$2.23M | -$17.51M | -$8.08M | -$2.94M | -$104.76M | $31.86M | -$2.83M | |
| — | 0.31% | -0.33% | -3.06% | -1.64% | -0.69% | -27.96% | 9.91% | -1.04% | |
| $94.07M | $99.26M | $80.51M | $54.38M | $53.07M | $41.84M | -$72.54M | $57.05M | $22.07M | |
| -$443K | — | — | — | — | -$984K | -$3.11M | -$953K | -$1.59M | |
| -$9.56M | $7.58M | $1.91M | -$21.67M | -$10.13M | -$3.93M | -$107.87M | $30.9M | -$4.43M | |
| -$13.13M | $368K | $54.64M | -$8.58M | $2.17M | -$2.45M | -$32.79M | -$155K | $1.68M | |
| $3.58M | $7.21M | -$52.73M | -$13.09M | -$12.3M | -$1.48M | -$75.08M | $31.06M | -$6.11M | |
| — | 0.96% | -7.91% | -2.29% | -2.5% | -0.35% | -20.04% | 9.66% | -2.24% | |
| -$5.93M | $51.72M | -$76.87M | -$7.08M | -$22.56M | -$15.85M | -$77.72M | $31.06M | -$6.46M |
Capital Returned to Shareholders
Cash spent on share repurchases and dividends per fiscal year, as reported on the cash-flow statement. Across FY2018–FY2025: $12.21M in buybacks, $449.08M in dividends.
Price & Valuation
Multiples computed on the strict TTM/EV methodology — today's snapshot against peers, and each ratio recomputed as of past filing dates.
Valuation
Peer medians compare against the 98 similar-size Software - Application companies (of 209 listed).
EV/Adj. EBITDA uses the company-stated “Adjusted EBITDA”, extracted from the reconciliation in its SEC filings — the company's own non-GAAP definition, not an XBRL-tagged figure.
Revenue Breakdown
Annual revenue as the company disaggregates it in its own XBRL filings. Years a component wasn't reported show a dash.
Share mode is each component's slice of the reported components that year — issuers rarely tag every revenue dollar, so slices need not sum to total revenue.
By Segment (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 |
|---|---|---|---|---|
| Single Reportable Segment | $748,444,000 | $666,776,000 | $572,387,000 | $491,624,000 |
By Product & Service (USD)
| Component | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Cloud Subscriptions | $352,943,000 | $276,043,000 | $214,617,000 | $168,896,000 | $127,044,000 | $87,019,000 | $52,513,000 |
| Software Licenses | $286,711,000 | $291,081,000 | $266,213,000 | $246,577,000 | $231,371,000 | $229,744,000 | $223,116,000 |
| Service Other | $108,790,000 | $99,652,000 | $91,557,000 | $76,151,000 | $67,133,000 | $57,902,000 | $45,871,000 |