Financials in USD. Standardized financial statements.
A compact view of how Vertex, Inc. turns revenue into operating income and net income.
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue? | $748.44M | $666.78M | $572.39M | $491.62M | $425.55M | $374.67M | $321.50M | $272.40M |
| Revenue Growth? | +12.2% | +16.5% | +16.4% | +15.5% | +13.6% | +16.5% | +18.0% | 0.0% |
| Cost of Revenue? | $293.93M | $240.65M | $223.81M | $193.13M | $161.89M | $165.39M | $110.38M | $95.70M |
| Gross Profit? | $454.51M | $426.13M | $348.58M | $298.49M | $263.66M | $209.28M | $211.12M | $176.71M |
| Gross Margin? | +60.7% | +63.9% | +60.9% | +60.7% | +62.0% | +55.9% | +65.7% | +64.9% |
| Operating Expenses? | $462.36M | $428.35M | $366.09M | $306.57M | $266.60M | $314.04M | $179.27M | $146.85M |
| Operating Income? | -$7.85M | -$2.23M | -$17.51M | -$8.08M | -$2.94M | -$104.76M | $31.86M | -$2.83M |
| EBITDA? | $104.51M | $102.01M | $56.95M | $53.07M | $41.84M | -$72.54M | $57.05M | $22.07M |
| Income Before Tax | $7.58M | $1.91M | -$21.67M | -$10.13M | -$3.93M | -$107.87M | $30.90M | -$4.43M |
| Income Tax Expense | $368,000 | $54.64M | -$8.58M | $2.17M | -$2.45M | -$32.79M | -$155,000 | $1.68M |
| Net Income? | $7.21M | -$52.73M | -$13.09M | -$12.30M | -$1.48M | -$75.08M | $31.06M | -$6.11M |
| EPS? | $0.05 | $-0.34 | $-0.09 | $-0.08 | $-0.01 | $-0.60 | $0.21 | $-0.05 |
| Diluted EPS? | $0.04 | $-0.34 | $-0.09 | $-0.08 | $-0.01 | $-0.60 | $0.21 | $-0.05 |
Revenue, profitability, margins, EPS, and share-count trends over time.
Top-line demand and scale over time
Profit left after direct production costs
Core business profitability before financing and tax
Bottom-line profit after all expenses
Profit allocated to each diluted share
Share count trend that affects EPS quality
Gross, operating, and net margin quality