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Vertex, Inc. VERX R2K

Technology · Software - Application · United States
https://www.vertexinc.com

Vertex, Inc., together with its subsidiaries, provides enterprise tax technology solutions for retail trade, wholesale trade, and manufacturing industries in the United States and internationally. The company offers transaction determination; compliance and reporting, including workflow management tools; tax data management and document management solutions; analytics and insights; pre-built integration that includes mapping data fields, and business logic and configurations; industry-specific solutions support certain industries for indirect tax needs, such as retail, communications, and leasing; and technology specific solutions, such as chain flow accelerator and SAP-specific tools. It provides implementation services, such as configuration, data migration and implementation, and support and training; E-invoicing, an end-to-end e-invoicing process; and managed services, including indirect tax return preparation, filing and tax payment, and notice management. The company sells its software products through software licenses and software as a service subscription. Vertex, Inc. has a strategic collaboration with xSuite Group GmbH to support SAP customers. The company was founded in 1978 and is headquartered in King of Prussia, Pennsylvania.

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$13.35
-66.26% 1Y

Market & Price

Market Cap
$2.16B
Current Price
$13.35
High / Low (52W)
$41.87 / $10.80
Beta
0.80

Valuation

Stock P/E
-
Industry PE
32.74
Forward P/E
13.00
PEG Ratio
-
Book Value
$1.63
Price to Book
8.21
P/S
2.81
EV/EBITDA
142.86
Dividend Yield
-

Profitability & Returns

ROCE
-2.11%
ROE
-2.88%
ROA
0.46%
Profit Margin
-0.84%
Op Margin
-1.65%
EPS (Latest Qtr)
$-0.02
EPS (TTM)
$-0.05

Balance Sheet & Liquidity

Debt/Equity
1.42
Quick Ratio
0.73
Current Ratio
0.86
Debt
$350.14M
Total Assets
$1.27B
Current Assets
$560.71M
Working Capital
$-13.96M

Ownership

Promoter Holding
8.90%
Chg in Prom Hold
-
FII / Inst Holding
103.91%
Chg in FII Hold
-

Financial Snapshot

Enterprise Value
$2.23B
Total Revenue (TTM)
$768.03M
EBITDA
$15.63M
Free Cash Flow
$99.46M
Operating Cash Flow
$188.71M
Shares Outstanding
79.66M
Gross Margin
64.25%
Payout Ratio
0.00%

Growth (CAGR)

Revenue 5Y
15.04%
Profit 5Y
52.87%
Revenue (YoY)
11.10%
Earnings (YoY)
-

PROS

  • Compounding revenue at 15.0% over 5 years.
  • Profit CAGR of 52.9% over 5 years.
  • Generates positive free cash flow.

CONS

  • Trading 68.1% below its 52-week high.
  • In a downtrend (50-DMA below 200-DMA).

* The pros and cons are auto-generated from financial metrics.

Price Chart

Robinhood TradingView StockAnalysis

Fundamental Growth

Figures from the latest reported periods. CAGR is computed across the displayed window (quarterly CAGR is annualised assuming 4 quarters per year).

Peer comparison

Peer companies in the same sector (Technology).

#NameCMP $P/E Mkt CapDiv Yld % ROCE %ROE % Rev CAGR 5Y %Profit CAGR 5Y %
1 VERX Vertex, Inc. R2K 13.35 - $2.16B - -2.11% -2.88% 15.04% 52.87%
2 NVDA NVIDIA Corporation NDXSPXAI 211.14 32.38 $5.11T 0.47% 81.14% 114.29% 100.05% 201.80%
3 AAPL Apple Inc. NDXSPX 312.06 37.73 $4.58T 0.35% 68.72% 141.47% 1.81% 3.92%
4 MSFT Microsoft Corporation NDXSPXAI 450.24 26.82 $3.34T 0.81% 26.37% 34.01% 12.42% 11.87%
5 TSM Taiwan Semiconductor Manufacturing Company Limited AI 418.45 35.86 $2.17T 0.91% 32.04% 36.21% 18.94% 19.57%
6 MU Micron Technology, Inc. NDXSPXAI 971.00 45.87 $1.10T 0.06% 14.20% 39.82% 6.71% -0.57%
7 AMD Advanced Micro Devices, Inc. NDXSPXAI 516.10 172.61 $841.55B - 6.33% 8.06% 13.64% 48.64%
8 ORCL Oracle Corporation SPXAI 225.78 40.46 $649.35B 0.89% 13.07% 57.57% 10.59% 22.81%
9 ASML ASML Holding N.V. NDXAI 1,612.76 53.76 $621.59B 0.54% 43.81% 52.24% 15.55% 19.55%
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Quarterly Results

Figures in USD.

Metric Mar 2019Jun 2019Sep 2019Mar 2020Jun 2020Sep 2020Mar 2021Jun 2021Sep 2021Mar 2022Jun 2022Sep 2022Mar 2023Jun 2023Sep 2023Mar 2024Jun 2024Sep 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Revenue -78.38M82.44M89.25M91.27M94.61M98.24M104.94M110.72M114.98M119.28M126.24M132.75M139.69M145.03M156.78M161.10M-177.06M184.56M192.11M194.71M196.65M
Cost of Revenue ------------------64.07M63.36M70.80M68.62M71.78M
Gross Profit -51.27M55.01M49.78M49.53M46.64M61.30M67.56M66.78M70.12M71.15M75.58M81.00M85.82M88.16M95.79M102.69M-112.99M121.20M121.32M126.09M124.87M
Operating Expenses ------------------123.21M122.76M121.00M129.30M141.21M
Operating Income -7.65M12.33M-28.25M-29.00M-50.01M2.14M-1.46M-3.61M468.00K-4.30M-871.00K-8.93M-4.07M-2.02M-1.56M7.54M--10.21M-1.56M320.00K-3.21M-16.34M
EBITDA ------------------13.06M22.88M26.29M23.77M11.75M
Interest Expense -----------------------
Pretax Income ------------------6.03M-2.64M5.57M-1.38M-9.65M
Tax Provision -------------------5.11M-1.68M1.52M5.63M-7.14M
Net Income 7.33M7.12M11.90M-29.06M-29.07M-17.17M2.29M808.00K-3.95M-334.00K-5.52M-1.14M-18.13M-6.90M-3.40M2.68M5.16M-11.13M-961.00K4.04M-7.00M-2.51M
Diluted EPS ------------------0.07-0.010.02-0.04-0.02
R&D Expense -7.21M7.27M13.08M13.62M16.50M11.46M11.93M9.88M9.63M10.31M10.35M15.86M12.68M16.77M16.84M14.61M15.62M20.89M20.58M19.93M-24.55M

Profit & Loss (Annual)

Figures in USD.

Metric Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Revenue 272.40M321.50M374.67M-491.62M572.39M666.78M748.44M
Cost of Revenue ----193.13M223.81M240.65M266.84M
Gross Profit 176.71M211.12M209.28M-298.49M348.58M426.12M481.60M
Operating Expenses ----306.57M366.09M410.85M496.27M
Operating Income -2.83M31.86M-104.76M--8.08M-17.51M15.27M-14.67M
EBITDA ----53.07M56.95M102.01M86.00M
Interest Expense ---984.00K2.05M4.16M--
Pretax Income -----10.13M-21.67M1.91M7.58M
Tax Provision ----2.17M-8.58M54.64M368.00K
Net Income -6.11M31.06M-75.08M--12.30M-13.09M-52.73M7.21M
Diluted EPS -----0.08-0.09-0.340.04
R&D Expense 23.75M30.56M54.34M44.02M41.88M58.21M66.67M83.72M

Compounded Sales Growth

5 Years:15.04%
1 Year:11.10%

Compounded Profit Growth

5 Years:52.87%
1 Year:-

Stock Price Performance

1 Year:-66.26%
6 Months:-32.64%
3 Months:-7.80%
1 Month:+8.80%

Balance Sheet (Annual)

Figures in USD.

Metric Dec 2017Dec 2018Dec 2019Sep 2020Dec 2020Mar 2021Jun 2021Sep 2021Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Total Assets --264.62M518.79M558.78M562.19M613.38M649.70M-719.19M759.93M1.17B1.27B
Current Assets ---------243.15M266.62M536.33M560.71M
Cash & Equivalents -55.84M75.90M-303.05M----91.80M68.17M296.05M314.01M
Inventory -------------
Receivables ---------102.89M141.75M164.43M183.45M
Total Liabilities --377.06M-329.44M----489.47M506.95M987.44M1.01B
Current Liabilities --334.53M-291.97M----403.21M440.78M537.38M574.66M
Long Term Debt --682.00K-225.00K----46.71M44.06M335.22M337.48M
Total Debt ---------73.52M66.97M351.89M350.77M
Total Equity -78.58M--129.78M222.42M229.34M230.43M231.70M228.07M-229.72M252.98M179.35M258.92M
Shares Outstanding ---------150.32M153.65M157.15M159.74M

Cash Flows (Annual)

Figures in USD.

Metric Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Operating Cash Flow 80.45M92.50M59.54M-63.85M74.33M164.82M165.54M
Investing Cash Flow -33.31M-37.56M-44.38M--72.05M-66.17M-158.15M-123.75M
Financing Cash Flow -30.70M-30.63M213.63M-17.09M-26.48M231.26M-32.78M
Capital Expenditure -21.05M-20.34M-20.95M--60.42M-68.23M-87.11M-117.95M
Free Cash Flow 59.40M72.16M38.59M-3.43M6.10M77.71M47.59M
Net Change in Cash ----8.89M-18.32M237.93M9.02M
Share Buybacks 1.28M841.00K-----10.09M
Dividends Paid 28.02M28.57M146.12M-----

Ratios (Annual)

Figures in %.

Metric Dec 2018Dec 2019Dec 2020Dec 2021Dec 2022Dec 2023Dec 2024Dec 2025
Gross Margin % 64.9%65.7%55.9%-60.7%60.9%63.9%64.3%
Operating Margin % -1.0%9.9%-28.0%--1.6%-3.1%2.3%-2.0%
Net Margin % -2.2%9.7%-20.0%--2.5%-2.3%-7.9%1.0%
ROE % --23.9%-32.7%--5.4%-5.2%-29.4%2.8%
ROCE % --45.6%-39.3%--2.6%-5.5%2.4%-2.1%

Shareholding Pattern

Insiders
8.90%
Institutions
103.91%
Public Float
114.06%

Top Institutional Holders

#Holder% HeldSharesValue
1 Blackrock Inc. 7.10% 5.66M $75.55M
2 UBS Group AG 6.86% 5.46M $72.94M
3 Vanguard Portfolio Management LLC 6.00% 4.78M $63.82M
4 Morgan Stanley 5.39% 4.29M $57.31M
5 Tensile Capital Management, LP 4.27% 3.40M $45.37M
6 JPMORGAN CHASE & CO 4.23% 3.37M $45.01M
7 Healthcare of Ontario Pension Plan Trust Fund 3.99% 3.18M $42.44M
8 Vanguard Capital Management LLC 3.91% 3.12M $41.59M
9 Nomura Holdings Inc. 3.29% 2.62M $35.00M
10 Goldman Sachs Group Inc 2.97% 2.36M $31.56M

Analyst View

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