Vertex (VERX) Financial Statements & Analysis

Vertex (VERX) Income Statement

Vertex reported revenue of $748.44M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 12.2% from $666.78M a year earlier. Net income was $7.21M, a net margin of 1.0%. Gross margin was 60.7% and operating margin -1.0%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $203.97M, up 10.5% from the same quarter a year earlier.

Vertex Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Vertex, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018
Revenue & Gross Profit
Revenue	748.44	666.78	572.39	491.62	425.55	374.67	321.50	272.40
Cost of Revenue	293.93	240.65	223.81	193.13	161.89	165.39	110.38	95.70
Gross Profit	454.51	426.13	348.58	298.49	263.66	209.28	211.12	176.71
Operating Expenses
Research & Development	83.72	66.67	58.21	41.88	44.02	54.34	30.56	23.76
Selling, General & Administrative	368.35	323.41	286.17	246.11	206.01	248.48	139.14	115.85
Operating Expenses	462.36	410.85	366.09	306.57	266.60	314.04	179.27	146.85
Operating Income	-7.85	15.27	-17.51	-8.08	-2.94	-104.76	31.86	-2.83
Other Income/Expense
Interest Income	5.25	4.14	0.00	0.00	0.00	0.00	1.08	0.53
Interest Expense	0.00	0.00	4.16	-2.05	0.98	3.11	2.04	2.12
Other Income/Expense	15.43	-17.50	-4.16	-2.05	-0.98	-3.11	-0.95	-34.41
Income
Income Before Tax	7.58	1.91	-21.67	-10.13	-3.93	-107.87	30.90	-4.43
Income Tax Expense	0.37	54.64	-8.58	2.17	-2.45	-32.79	-0.16	1.68
Net Income	7.21	-52.73	-13.09	-12.30	-1.48	-75.08	31.06	-6.11
Net Income - Continuous Operations	7.21	-52.73	-13.09	-12.30	-1.48	-75.08	31.06	-6.11
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-
EBITDA	104.51	102.01	56.95	7.37	41.84	-72.54	57.05	22.07
EBIT	-14.67	15.27	-17.51	-4.17	1.14	-	-	-
Depreciation & Amortization	96.93	20.95	15.20	11.54	44.78	32.22	25.19	24.90
Earnings Per Share
Basic EPS	-	-	-	-	-	-1.00	-	-
Diluted EPS	-	-	-	-	-	-1.00	-	-
Basic Shares Outstanding	144.22	155.09	151.86	149.65	147.78	131.51	146.17	124.33
Diluted Shares Outstanding	180.28	155.09	151.86	149.65	147.78	131.51	146.17	129.63

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Vertex Financial Statements

What was Vertex's revenue in fiscal 2025?

Vertex reported revenue of $748.44M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 12.2% from $666.78M a year earlier.

Is Vertex profitable?

Yes. Vertex earned net income of $7.21M in fiscal 2025, a net margin of 1.0%. In fiscal 2024 it lost $52.73M.

What is Vertex's operating margin?

Vertex's operating income was −$7.85M on revenue of $748.44M in fiscal 2025, an operating margin of -1.0%, compared with 2.3% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition