| Breakdown | TTM | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 710.51M | 666.78M | 572.39M | 491.62M | 425.55M | 374.67M |
| Gross Profit | 461.84M | 426.13M | 348.58M | 298.49M | 263.66M | 209.28M |
| EBITDA | 72.74M | 102.01M | 56.95M | 53.07M | 41.84M | -72.54M |
| Net Income | -50.41M | -52.73M | -13.09M | -12.30M | -1.48M | -78.94M |
Balance Sheet | ||||||
| Total Assets | 1.20B | 1.17B | 759.93M | 719.19M | 670.21M | 554.93M |
| Cash, Cash Equivalents and Short-Term Investments | 284.39M | 305.21M | 77.72M | 102.98M | 73.33M | 303.05M |
| Total Debt | 351.89M | 351.89M | 66.97M | 73.52M | 28.61M | 1.11M |
| Total Liabilities | 950.15M | 987.44M | 506.95M | 489.47M | 440.12M | 329.44M |
| Stockholders Equity | 248.04M | 179.35M | 252.98M | 229.72M | 230.08M | 225.49M |
Cash Flow | ||||||
| Free Cash Flow | 81.81M | 99.05M | 6.10M | 3.43M | 46.92M | 26.74M |
| Operating Cash Flow | 143.34M | 164.82M | 74.33M | 76.85M | 91.97M | 59.54M |
| Investing Cash Flow | -169.58M | -158.15M | -66.17M | -85.05M | -296.46M | -44.38M |
| Financing Cash Flow | -29.88M | 231.26M | -26.48M | 17.09M | -9.10M | 213.63M |
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
| ― | $3.32B | ― | -5.23% | ― | 19.78% | 47.51% | |
| ― | $3.84B | ― | -4.72% | ― | 3.61% | -44.99% | |
| ― | $4.03B | -152.32 | -3.52% | ― | -8.80% | -657.91% | |
| ― | $3.26B | ― | -3.95% | ― | 17.09% | 48.66% | |
| ― | $37.18B | 12.37 | -10.20% | 1.83% | 8.50% | -7.62% | |
| ― | $3.11B | ― | -3.15% | ― | 13.24% | -12.97% | |
| ― | $4.05B | ― | -20.95% | ― | 15.00% | -349.61% |
On October 21, 2025, Vertex announced the retirement of David DeStefano as CEO, effective November 10, 2025, with Christopher Young succeeding him. DeStefano will continue as non-executive Chairperson and provide consulting services until the end of 2025. Young, a seasoned executive with experience at Microsoft and McAfee, will lead Vertex into its next growth phase, focusing on leveraging generative AI in tax and compliance. The company also reported preliminary third-quarter 2025 financial results, with expected revenue of $192 million, up from $170.4 million the previous year, and adjusted EBITDA of $43 million, compared to $38.6 million.
The most recent analyst rating on (VERX) stock is a Hold with a $25.00 price target. To see the full list of analyst forecasts on Vertex stock, see the VERX Stock Forecast page.
Vertex, Inc. is a leading global provider of indirect tax solutions, offering tailored tax technology for businesses across various industries to manage complex tax compliance. In its second quarter of 2025, Vertex reported a double-digit revenue growth, driven by increased demand for its solutions amid growing complexities in indirect tax regulations. Key financial highlights include a 14.6% year-over-year increase in total revenues to $184.6 million, with software subscription revenues rising by 15.7% and cloud revenues surging by 29.9%. The company’s Annual Recurring Revenue (ARR) reached $636.6 million, marking a 16.1% increase compared to the previous year. Despite these positive trends, Vertex reported a net loss of $1.0 million, contrasting with a net income of $5.2 million in the same period last year, attributed to extended sales cycles and delayed customer decision-making impacting new contract signings. Looking ahead, Vertex remains optimistic about its growth prospects, with expectations for continued revenue increases driven by ERP cloud conversions and global e-invoicing mandates, although it has adjusted its financial guidance for the full year 2025 due to recent market challenges.
Vertex, Inc. Balances Growth with Challenges in Latest Earnings Call