Vertex, Inc. VERX R2K
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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Valuation
Profitability & Returns
Balance Sheet & Liquidity
Ownership
Financial Snapshot
Growth (CAGR)
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
Technical Trend
Computed from daily close history using EMA cross, slope, and RSI signals.
Note: intraday data is not stored locally. “Hourly” uses the most recent 10 daily candles as a short-term proxy.
Fundamental Growth
No fundamental data available for this stock.
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).
| # | Name | CMP $ | P/E | Mkt Cap | Div 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% |
Quarterly Results
Figures in USD.
| Metric | Mar 2019 | Jun 2019 | Sep 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Mar 2022 | Jun 2022 | Sep 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | 78.38M | 82.44M | 89.25M | 91.27M | 94.61M | 98.24M | 104.94M | 110.72M | 114.98M | 119.28M | 126.24M | 132.75M | 139.69M | 145.03M | 156.78M | 161.10M | - | 177.06M | 184.56M | 192.11M | 194.71M | 196.65M |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 64.07M | 63.36M | 70.80M | 68.62M | 71.78M |
| Gross Profit | - | 51.27M | 55.01M | 49.78M | 49.53M | 46.64M | 61.30M | 67.56M | 66.78M | 70.12M | 71.15M | 75.58M | 81.00M | 85.82M | 88.16M | 95.79M | 102.69M | - | 112.99M | 121.20M | 121.32M | 126.09M | 124.87M |
| Operating Expenses | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 123.21M | 122.76M | 121.00M | 129.30M | 141.21M |
| Operating Income | - | 7.65M | 12.33M | -28.25M | -29.00M | -50.01M | 2.14M | -1.46M | -3.61M | 468.00K | -4.30M | -871.00K | -8.93M | -4.07M | -2.02M | -1.56M | 7.54M | - | -10.21M | -1.56M | 320.00K | -3.21M | -16.34M |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 13.06M | 22.88M | 26.29M | 23.77M | 11.75M |
| Interest Expense | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Pretax Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 6.03M | -2.64M | 5.57M | -1.38M | -9.65M |
| Tax Provision | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | -5.11M | -1.68M | 1.52M | 5.63M | -7.14M |
| Net Income | 7.33M | 7.12M | 11.90M | -29.06M | -29.07M | -17.17M | 2.29M | 808.00K | -3.95M | -334.00K | -5.52M | -1.14M | -18.13M | -6.90M | -3.40M | 2.68M | 5.16M | - | 11.13M | -961.00K | 4.04M | -7.00M | -2.51M |
| Diluted EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.07 | -0.01 | 0.02 | -0.04 | -0.02 |
| R&D Expense | - | 7.21M | 7.27M | 13.08M | 13.62M | 16.50M | 11.46M | 11.93M | 9.88M | 9.63M | 10.31M | 10.35M | 15.86M | 12.68M | 16.77M | 16.84M | 14.61M | 15.62M | 20.89M | 20.58M | 19.93M | - | 24.55M |
Profit & Loss (Annual)
Figures in USD.
| Metric | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 272.40M | 321.50M | 374.67M | - | 491.62M | 572.39M | 666.78M | 748.44M |
| Cost of Revenue | - | - | - | - | 193.13M | 223.81M | 240.65M | 266.84M |
| Gross Profit | 176.71M | 211.12M | 209.28M | - | 298.49M | 348.58M | 426.12M | 481.60M |
| Operating Expenses | - | - | - | - | 306.57M | 366.09M | 410.85M | 496.27M |
| Operating Income | -2.83M | 31.86M | -104.76M | - | -8.08M | -17.51M | 15.27M | -14.67M |
| EBITDA | - | - | - | - | 53.07M | 56.95M | 102.01M | 86.00M |
| Interest Expense | - | - | - | 984.00K | 2.05M | 4.16M | - | - |
| Pretax Income | - | - | - | - | -10.13M | -21.67M | 1.91M | 7.58M |
| Tax Provision | - | - | - | - | 2.17M | -8.58M | 54.64M | 368.00K |
| Net Income | -6.11M | 31.06M | -75.08M | - | -12.30M | -13.09M | -52.73M | 7.21M |
| Diluted EPS | - | - | - | - | -0.08 | -0.09 | -0.34 | 0.04 |
| R&D Expense | 23.75M | 30.56M | 54.34M | 44.02M | 41.88M | 58.21M | 66.67M | 83.72M |
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 2017 | Dec 2018 | Dec 2019 | Sep 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sep 2021 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Assets | - | - | 264.62M | 518.79M | 558.78M | 562.19M | 613.38M | 649.70M | - | 719.19M | 759.93M | 1.17B | 1.27B |
| Current Assets | - | - | - | - | - | - | - | - | - | 243.15M | 266.62M | 536.33M | 560.71M |
| Cash & Equivalents | - | 55.84M | 75.90M | - | 303.05M | - | - | - | - | 91.80M | 68.17M | 296.05M | 314.01M |
| Inventory | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Receivables | - | - | - | - | - | - | - | - | - | 102.89M | 141.75M | 164.43M | 183.45M |
| Total Liabilities | - | - | 377.06M | - | 329.44M | - | - | - | - | 489.47M | 506.95M | 987.44M | 1.01B |
| Current Liabilities | - | - | 334.53M | - | 291.97M | - | - | - | - | 403.21M | 440.78M | 537.38M | 574.66M |
| Long Term Debt | - | - | 682.00K | - | 225.00K | - | - | - | - | 46.71M | 44.06M | 335.22M | 337.48M |
| Total Debt | - | - | - | - | - | - | - | - | - | 73.52M | 66.97M | 351.89M | 350.77M |
| Total Equity | -78.58M | - | -129.78M | 222.42M | 229.34M | 230.43M | 231.70M | 228.07M | - | 229.72M | 252.98M | 179.35M | 258.92M |
| Shares Outstanding | - | - | - | - | - | - | - | - | - | 150.32M | 153.65M | 157.15M | 159.74M |
Cash Flows (Annual)
Figures in USD.
| Metric | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | 80.45M | 92.50M | 59.54M | - | 63.85M | 74.33M | 164.82M | 165.54M |
| Investing Cash Flow | -33.31M | -37.56M | -44.38M | - | -72.05M | -66.17M | -158.15M | -123.75M |
| Financing Cash Flow | -30.70M | -30.63M | 213.63M | - | 17.09M | -26.48M | 231.26M | -32.78M |
| Capital Expenditure | -21.05M | -20.34M | -20.95M | - | -60.42M | -68.23M | -87.11M | -117.95M |
| Free Cash Flow | 59.40M | 72.16M | 38.59M | - | 3.43M | 6.10M | 77.71M | 47.59M |
| Net Change in Cash | - | - | - | - | 8.89M | -18.32M | 237.93M | 9.02M |
| Share Buybacks | 1.28M | 841.00K | - | - | - | - | - | 10.09M |
| Dividends Paid | 28.02M | 28.57M | 146.12M | - | - | - | - | - |
Ratios (Annual)
Figures in %.
| Metric | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Dec 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
Top Institutional Holders
| # | Holder | % Held | Shares | Value |
|---|---|---|---|---|
| 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
Analyst aggregate. Targets and ratings update periodically; not investment advice.
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