← Vertex, Inc.
| Annual Trend | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | $272.4m |
$321.5m
+18.02%
|
$374.7m
+16.54%
|
$425.5m
+13.58%
|
$491.6m
+15.53%
|
$572.4m
+16.43%
|
$666.8m
+16.49%
|
$748.4m
+12.25%
|
|
| Cost of Revenue | $95.7m |
$110.4m
+15.34%
|
$165.4m
+49.84%
|
$161.9m
-2.11%
|
$193.1m
+19.30%
|
$223.8m
+15.88%
|
$240.7m
+7.53%
|
$266.8m
+10.88%
|
|
| Gross Profit | $176.7m |
$211.1m
+19.48%
|
$209.3m
-0.87%
|
$263.7m
+25.98%
|
$298.5m
+13.21%
|
$348.6m
+16.78%
|
$426.1m
+22.25%
|
$481.6m
+13.02%
|
|
| Interest Income (Expense), Net | — | — | — | — | — | ($4.2m) |
$4.1m
+199.35%
|
$5.2m
+26.86%
|
|
| Research and Development Expense | $23.8m | $30.6m | $54.3m | $44.0m | $41.9m | $58.2m | $66.7m | $83.7m | |
| Selling and Marketing Expense | $56.9m | $68.1m | $99.4m | $99.0m | $125.3m | $140.2m | $170.6m | $196.5m | |
| General and Administrative Expense | $58.9m | $71.0m | $149.1m | $107.0m | $121.7m | $145.9m | $152.8m | $178.7m | |
| Amortization of Intangible Assets | — | — | $443k | $1.1m | $4.0m | $2.9m | $2.7m | $2.3m | |
| Operating Lease, Expense | — | $6.4m | $7.0m | — | — | — | — | — | |
| Operating Expenses | $179.5m | $179.3m | $314.0m | $266.6m | $306.6m | $366.1m | $428.4m | $479.3m | |
| Operating Income (Loss) | ($2.8m) |
$31.9m
+1224.43%
|
($104.8m)
-428.86%
|
($2.9m)
+97.19%
|
($8.1m)
-174.71%
|
($17.5m)
-116.65%
|
($2.2m)
+87.28%
|
$2.3m
+204.62%
|
|
| Interest expense (income), net | — | — | — | $984k | $2.0m | $4.2m | ($4.1m) | ($5.2m) | |
| Other Nonoperating Income (Expense) | — | ($953k) | ($3.1m) | ($984k) | — | — | — | — | |
| Interest Income (Expense), Nonoperating, Net | — | — | — | — | ($2.0m) | — | — | — | |
| Income (Loss) from Continuing Operations before Income Taxes, Domestic | — | $32.1m | ($108.0m) | $5.6m | $5.8m | ($3.1m) | $9.2m | $30.7m | |
| Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest | ($4.4m) | $30.9m | ($107.9m) | ($3.9m) | ($10.1m) | ($21.7m) | $1.9m | $7.6m | |
| Current Income Tax Expense (Benefit) | — | $693k | $711k | ($623k) | ($3.3m) | $2.6m | $4.5m | $8.0m | |
| Income Tax Expense (Benefit) | $1.7m | ($155k) | ($28.9m) | ($2.4m) | $2.2m | ($8.6m) | $54.6m | $368k | |
| Net income (loss) per share, diluted (in dollars per share) | ($0) | $0 | ($1) | ($0) | ($0) | ($0) | ($1) | $0 | |
| Net Income (Loss) Attributable to Parent | ($6.1m) |
$31.1m
+608.63%
|
($78.9m)
-354.17%
|
($1.5m)
+98.13%
|
($12.3m)
-731.91%
|
($13.1m)
-6.41%
|
($52.7m)
-302.73%
|
$7.2m
+113.68%
|
|
| Common Stock, Dividends, Per Share, Declared | $0.00 | $0.11 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.10 | |
| Additional Financial Items | |||||||||
| Capitalized Computer Software, Amortization | — | $8.2m | $11.9m | $13.0m | $17.0m | $19.2m | $23.8m | $22.6m | |
| Depreciation and amortization | $7.9m | $9.0m | $11.0m | $11.7m | $12.4m | $15.2m | $21.0m | $24.8m | |
| Change in fair value of acquisition contingent earn-outs | — | — | — | — | — | — | $17.5m | ($17.0m) | |
| Other operating expense (income), net | ($691k) | $573k | $203k | $4.9m | $5.3m | $6.5m | ($175k) | $12.6m | |
| Income (loss) from operations | ($2.8m) |
$31.9m
+1224.43%
|
($104.8m)
-428.86%
|
($2.9m)
+97.19%
|
($8.1m)
-174.71%
|
($17.5m)
-116.65%
|
($2.2m)
+87.28%
|
$2.3m
+204.62%
|
|
| Foreign currency translation adjustments, net of tax | $355k | ($5k) | $2.6m | $14.4m | $10.2m | ($6.0m) | $24.1m | ($44.5m) | |
| Unrealized loss (gain) on investments, net of tax | — | — | — | — | $36k | ($32k) | ($13k) | $9k | |
| Total other comprehensive income (loss), net of tax | — | — | $2.6m | $14.4m | $10.3m | ($6.0m) | $24.1m | ($44.5m) | |
| Total comprehensive income (loss) | ($6.5m) | $31.1m | ($81.6m) | ($15.8m) | ($22.6m) | ($7.1m) | ($76.9m) | $51.7m |