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Vertex, Inc. (VERX)

Nasdaq: VERX · Services-Prepackaged Software · King Of Prussia, PA · filing with the SEC since 2020
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Grade5.4
◀ Past 5.4● Present 5.2▶ Future 5.6
1 est.
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Income statement, as filed

In thousands of US dollars (USD), as filed; per-share figures in US dollars. The fiscal year ends in December.
Income statement, by fiscal year, newest first
Fiscal yearFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020FY 2019FY 2018
Period endingDec 31, 2025Dec 31, 2024Dec 31, 2023Dec 31, 2022Dec 31, 2021Dec 31, 2020Dec 31, 2019Dec 31, 2018
Report filedFeb 24, 2026Feb 27, 2025Feb 29, 2024Mar 10, 2023Mar 16, 2022Mar 15, 2021··
Revenue748,444666,776572,387491,624425,548374,665321,500272,403
For lenders
Net interest income5,2484,137-4,164-2,048-984···
Cost of revenue266,843240,651223,808193,132161,892165,387110,37895,698
Gross profit481,601426,125348,579298,492263,656209,278211,122176,705
Research and development83,71566,66658,21241,87744,01854,34030,55723,755
Sales and marketing196,488170,574140,237125,33599,00599,41868,12756,898
General and administrative178,685152,835145,936121,651107,009149,05771,01458,947
Total operating expenses479,270428,353366,089306,574266,598314,036179,267179,538
Operating income2,331-2,228-17,510-8,082-2,942-104,75831,855-2,833
Interest income (expense), net···-2,048-984-3,111··
Other income (expense), net····-984-3,111-953-1,594
Income before income taxes7,5791,909-21,674-10,130-3,926-107,86930,902-4,427
Income tax expense36854,638-8,5812,174-2,447-32,788r-1551,679
Net income including non-controlling interests7,211-52,729-13,093-12,304-1,479-75,08131,057·
Net income7,211-52,729-13,093-12,304-1,479-75,081r31,057-6,106
As filed with the SEC, each figure from the newest report that carries it, and linked to it. Nothing here is computed.A dot is a line not tagged for that period. r restated by the company in a later report; b a share figure put on the newest basis or filed in the wrong unit. Hover a figure for its filing and note.
What each line is, and the XBRL concept behind it
Revenue what customers paid for what it soldus-gaap:RevenueFromContractWithCustomerExcludingAssessedTax
Net interest income interest earned less interest paidus-gaap:InterestIncomeExpenseNet
Cost of revenue what it cost to make or buy what it soldus-gaap:CostOfGoodsAndServicesSold
Gross profit revenue less the cost of what it soldus-gaap:GrossProfit
Research and development spent on inventing what it sells nextus-gaap:ResearchAndDevelopmentExpense
Sales and marketing the cost of finding and serving customersus-gaap:SellingAndMarketingExpense
General and administrative the cost of running the company itselfus-gaap:GeneralAndAdministrativeExpense
Total operating expenses the running costs togetherus-gaap:OperatingExpenses
Operating income profit from running the business, before interest and taxus-gaap:OperatingIncomeLoss
Interest income (expense), net interest earned less interest paid, outside the businessus-gaap:InterestIncomeExpenseNonoperatingNet
Other income (expense), net gains and costs outside the businessus-gaap:OtherNonoperatingIncomeExpense
Income before income taxes profit before taxus-gaap:IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest
Income tax expense tax charged on the period's profitus-gaap:IncomeTaxExpenseBenefit
Net income including non-controlling interests the whole group's profit, minority holders' share includedus-gaap:ProfitLoss
Net income the profit or loss that belongs to the company's shareholdersus-gaap:NetIncomeLoss
SI Assistanton VERX · research, not advice