Symbols / VERX Stock $12.37 +0.81% Vertex, Inc.

Technology • Software - Application • United States • NGM
VERX (Stock) Chart
O: — H: — L: — C: — V: —
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Stock Fundamentals
Scroll to Statements
Index EQUITY
Sector Technology
Industry Software - Application
CEO Mr. Christopher David Young
Exch · Country NGM · United States
Market Cap 2.00B
Enterprise Value 2.01B
Income 7.21M
Sales 748.44M
FCF (ttm) 67.60M
Book/sh 1.63
Cash/sh 1.97
Employees 2,100
Insider 10d —
IPO Jul 29, 2020
Div forward ($/yr)
Div TTM ($/yr)
Dividend Yield
Ex-Div Date
5Y Avg Yield
Yield vs 5Y Avg
Payout 0.00%
P/E 309.25
Forward P/E 14.03
PEG —
P/S 2.67
P/B 7.61
P/C —
EV/EBITDA 175.75
EV/Sales 2.68
Quick Ratio 0.87
Current Ratio 0.98
Debt/Eq 135.47
LT Debt/Eq —
EPS (ttm) 0.04
EPS next Y 0.88
EPS Growth —
Revenue Growth 9.10%
EPS Gr Q/Q —
Rev Gr Q/Q —
Earnings (next) 2026-05-07
Earnings (prior) 2026-02-11
ROA 0.24%
ROE 3.29%
ROIC —
Gross Margin 64.35%
Oper. Margin 2.87%
Profit Margin 0.96%
Shs Outstand 79.58M
Shs Float 69.83M
Insider Own 9.10%
Instit Own 103.07%
Short Float 11.62%
Short Ratio 6.57
Short Interest 8.90M
52W High 42.44
vs 52W High -70.85%
52W Low 10.59
vs 52W Low 16.81%
Beta 0.79
Impl. Vol. 1.19%
Rel Volume 0.41
Avg Volume 2.08M
Volume 854.62K
Target (mean) $18.62
Tgt Median $19.00
Tgt Low $13.00
Tgt High $25.00
# Analysts 13
Recom Buy
Prev Close $12.27
Price $12.37
Change 0.81%
About

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.

Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$18.62
Mean price target
2. Current target
$12.37
Latest analyst target
3. DCF / Fair value
$15.29
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$12.37
Low
$13.00
High
$25.00
Mean
$18.62

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-02-12 main Citigroup Neutral → Neutral $15
2026-02-12 main BMO Capital Market Perform → Market Perform $16
2026-02-12 main Goldman Sachs Buy → Buy $23
2026-02-12 main Citizens Market Outperform → Market Outperform $25
2026-02-12 main Piper Sandler Neutral → Neutral $14
2026-02-11 main Needham Buy → Buy $20
2026-02-03 down Piper Sandler Overweight → Neutral $20
2025-11-05 main Goldman Sachs Buy → Buy $28
2025-11-04 main DA Davidson Neutral → Neutral $23
2025-11-04 main Piper Sandler Overweight → Overweight $32
2025-11-04 main BMO Capital Market Perform → Market Perform $24
2025-11-04 main Citizens Market Outperform → Market Outperform $37
2025-11-04 main Stifel Hold → Hold $23
2025-11-04 main Needham Buy → Buy $30
2025-10-28 main Citigroup Neutral → Neutral $29
2025-09-29 init Stephens & Co. — → Overweight $30
2025-08-08 main B of A Securities Neutral → Neutral $34
2025-08-07 main Goldman Sachs Buy → Buy $43
2025-08-07 main JMP Securities Market Outperform → Market Outperform $50
2025-08-07 main BMO Capital Market Perform → Market Perform $30
News
RSS: Latest VERX news
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-03-09 ITEM SECOND IRR. TRUST Trustee — 10,000 $15.05 $150,477
2026-02-24 DESTEFANO DAVID Director — 109,233 — —
2026-02-23 ROWLAND BRYAN T.R. General Counsel — 6,428 — —
2026-02-23 SCHWAB JOHN R. Chief Financial Officer — 30,305 — —
2026-02-23 YOUNG CHRISTOPHER DAVID Chief Executive Officer — 60,000 $12.18 $730,794
2026-02-23 DESTEFANO DAVID Director — 101,395 — —
2026-02-20 ROWLAND BRYAN T.R. General Counsel — 7,108 — —
2026-02-20 SCHWAB JOHN R. Chief Financial Officer — 39,766 — —
2026-02-20 ANDERSEN ERIC C Director — 40,000 $12.91 $516,400
2026-02-20 LEIB RYAN J Officer — 6,348 — —
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
748.44
+12.25%
666.78
+16.49%
572.39
+16.43%
491.62
Operating Revenue
748.44
+12.25%
666.78
+16.49%
572.39
+16.43%
491.62
Cost Of Revenue
266.84
+10.88%
240.65
+7.53%
223.81
+15.88%
193.13
Reconciled Cost Of Revenue
190.99
+9.22%
174.86
+6.27%
164.55
+13.94%
144.42
Gross Profit
481.60
+13.02%
426.12
+22.25%
348.58
+16.78%
298.49
Operating Expense
496.27
+20.79%
410.85
+12.23%
366.09
+19.41%
306.57
Research And Development
83.72
+25.57%
66.67
+14.52%
58.21
+39.01%
41.88
Selling General And Administration
375.17
+16.01%
323.41
+13.01%
286.17
+15.87%
246.99
Selling And Marketing Expense
196.49
+15.19%
170.57
+21.63%
140.24
+11.89%
125.33
General And Administrative Expense
178.69
+16.91%
152.84
+4.73%
145.94
+19.96%
121.65
Other Gand A
178.69
+16.91%
152.84
+4.73%
145.94
+19.96%
121.65
Other Operating Expenses
12.57
+7282.86%
-0.17
-102.69%
6.50
+23.35%
5.27
Total Expenses
763.11
+17.13%
651.50
+10.44%
589.90
+18.05%
499.71
Operating Income
-14.67
-196.05%
15.27
+187.22%
-17.51
-116.65%
-8.08
Total Operating Income As Reported
2.33
+204.62%
-2.23
+87.28%
-17.51
-116.65%
-8.08
EBITDA
86.00
-15.70%
102.01
+79.12%
56.95
+7.31%
53.07
Normalized EBITDA
69.00
-42.27%
119.51
+109.85%
56.95
+7.31%
53.07
Reconciled Depreciation
100.67
+16.06%
86.74
+16.49%
74.46
+21.76%
61.15
EBIT
-14.67
-196.05%
15.27
+187.22%
-17.51
-116.65%
-8.08
Total Unusual Items
17.00
+197.14%
-17.50
0.00
0.00
Total Unusual Items Excluding Goodwill
17.00
+197.14%
-17.50
0.00
0.00
Special Income Charges
17.00
+197.14%
-17.50
0.00
0.00
Restructuring And Mergern Acquisition
-17.00
-197.14%
17.50
0.00
0.00
Net Income
7.21
+113.68%
-52.73
-302.73%
-13.09
-6.41%
-12.30
Pretax Income
7.58
+297.01%
1.91
+108.81%
-21.67
-113.96%
-10.13
Net Non Operating Interest Income Expense
5.25
+26.86%
4.14
+199.35%
-4.16
-103.32%
-2.05
Interest Expense Non Operating
—
—
4.16
+103.32%
2.05
Net Interest Income
5.25
+26.86%
4.14
+199.35%
-4.16
-103.32%
-2.05
Interest Expense
—
—
4.16
+103.32%
2.05
Interest Income Non Operating
5.25
+26.86%
4.14
—
—
Interest Income
5.25
+26.86%
4.14
—
—
Other Income Expense
17.00
+197.14%
-17.50
—
—
Tax Provision
0.37
-99.33%
54.64
+736.73%
-8.58
-494.71%
2.17
Tax Rate For Calcs
0.00
-76.67%
0.00
-46.97%
0.00
+88.57%
0.00
Tax Effect Of Unusual Items
0.83
+122.67%
-3.67
0.00
0.00
Net Income Including Noncontrolling Interests
7.21
+113.68%
-52.73
-302.73%
-13.09
-6.41%
-12.30
Net Income From Continuing Operation Net Minority Interest
7.21
+113.68%
-52.73
-302.73%
-13.09
-6.41%
-12.30
Net Income From Continuing And Discontinued Operation
7.21
+113.68%
-52.73
-302.73%
-13.09
-6.41%
-12.30
Net Income Continuous Operations
7.21
+113.68%
-52.73
-302.73%
-13.09
-6.41%
-12.30
Normalized Income
-8.96
+76.98%
-38.90
-197.14%
-13.09
-6.41%
-12.30
Net Income Common Stockholders
7.21
+113.68%
-52.73
-302.73%
-13.09
-6.41%
-12.30
Diluted EPS
0.04
+111.76%
-0.34
-277.78%
-0.09
-12.50%
-0.08
Basic EPS
0.04
+111.76%
-0.34
-277.78%
-0.09
-12.50%
-0.08
Basic Average Shares
180.28
+16.24%
155.09
+2.12%
151.86
+1.48%
149.65
Diluted Average Shares
180.28
+16.24%
155.09
+2.12%
151.86
+1.48%
149.65
Diluted NI Availto Com Stockholders
7.21
+113.68%
-52.73
-302.73%
-13.09
-6.41%
-12.30
Depreciation Amortization Depletion Income Statement
24.81
+18.42%
20.95
+37.83%
15.20
+22.20%
12.44
Depreciation And Amortization In Income Statement
24.81
+18.42%
20.95
+37.83%
15.20
+22.20%
12.44
Line Item Trend 2025-12-31
Total Assets
1,270.84
Current Assets
560.71
Cash Cash Equivalents And Short Term Investments
314.01
Cash And Cash Equivalents
314.01
Other Short Term Investments
0.00
Receivables
183.45
Accounts Receivable
183.45
Gross Accounts Receivable
194.91
Allowance For Doubtful Accounts Receivable
-11.47
Prepaid Assets
34.30
Restricted Cash
24.29
Other Current Assets
4.67
Total Non Current Assets
710.13
Net PPE
219.41
Gross PPE
497.21
Accumulated Depreciation
-277.80
Properties
0.00
Machinery Furniture Equipment
429.29
Construction In Progress
21.42
Other Properties
26.10
Leases
20.39
Goodwill And Other Intangible Assets
431.49
Goodwill
392.49
Other Intangible Assets
38.99
Investments And Advances
15.00
Non Current Deferred Assets
31.99
Non Current Deferred Taxes Assets
0.09
Other Non Current Assets
12.24
Total Liabilities Net Minority Interest
1,011.91
Current Liabilities
574.66
Payables And Accrued Expenses
105.19
Payables
44.66
Accounts Payable
37.56
Dividends Payable
—
Current Accrued Expenses
60.53
Pensionand Other Post Retirement Benefit Plans Current
34.59
Total Tax Payable
7.10
Current Debt And Capital Lease Obligation
4.34
Current Debt
—
Other Current Borrowings
—
Current Capital Lease Obligation
4.34
Current Deferred Liabilities
382.84
Current Deferred Revenue
382.84
Other Current Liabilities
47.70
Total Non Current Liabilities Net Minority Interest
437.25
Long Term Debt And Capital Lease Obligation
346.43
Long Term Debt
337.48
Long Term Capital Lease Obligation
8.96
Non Current Deferred Liabilities
11.22
Non Current Deferred Revenue
5.21
Non Current Deferred Taxes Liabilities
5.66
Other Non Current Liabilities
79.60
Stockholders Equity
258.92
Common Stock Equity
258.92
Capital Stock
0.16
Common Stock
0.16
Preferred Stock
0.00
Share Issued
159.74
Ordinary Shares Number
159.23
Treasury Shares Number
0.50
Additional Paid In Capital
316.33
Retained Earnings
-46.10
Gains Losses Not Affecting Retained Earnings
-1.37
Treasury Stock
10.09
Other Equity Adjustments
-1.37
Total Equity Gross Minority Interest
258.92
Total Capitalization
596.40
Working Capital
-13.96
Invested Capital
596.40
Total Debt
350.77
Net Debt
23.47
Capital Lease Obligations
13.29
Net Tangible Assets
-172.57
Tangible Book Value
-172.57
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
165.54
+0.44%
164.82
+121.74%
74.33
+16.42%
63.85
Cash Flow From Continuing Operating Activities
165.54
+0.44%
164.82
+121.74%
74.33
+16.42%
63.85
Net Income From Continuing Operations
7.21
+113.68%
-52.73
-302.73%
-13.09
-6.41%
-12.30
Depreciation Amortization Depletion
100.67
+16.06%
86.74
+16.49%
74.46
+21.76%
61.15
Depreciation
96.93
+17.16%
82.73
+15.08%
71.89
+17.56%
61.15
Amortization Cash Flow
3.74
-6.71%
4.01
+55.91%
2.57
0.00
Depreciation And Amortization
100.67
+16.06%
86.74
+16.49%
74.46
+21.76%
61.15
Amortization Of Intangibles
3.74
-6.71%
4.01
+55.91%
2.57
0.00
Other Non Cash Items
-11.07
-170.69%
15.67
+91.35%
8.19
+6.98%
7.65
Stock Based Compensation
57.76
+21.80%
47.42
+39.82%
33.92
+71.92%
19.73
Provisionand Write Offof Assets
2.70
+1256.78%
0.20
-90.45%
2.08
+1162.76%
-0.20
Asset Impairment Charge
0.00
-100.00%
0.28
0.00
-100.00%
0.37
Deferred Tax
-5.39
-110.56%
51.07
+541.23%
-11.57
-760.52%
-1.34
Deferred Income Tax
-5.39
-110.56%
51.07
+541.23%
-11.57
-760.52%
-1.34
Change In Working Capital
13.67
-15.48%
16.17
+182.30%
-19.65
-75.26%
-11.21
Change In Receivables
-12.88
+41.66%
-22.08
+51.18%
-45.22
-76.20%
-25.66
Changes In Account Receivables
-12.88
+41.66%
-22.08
+51.18%
-45.22
-76.20%
-25.66
Change In Prepaid Assets
-5.80
+59.14%
-14.21
-123.59%
-6.35
-192.68%
-2.17
Change In Payables And Accrued Expense
4.18
-50.93%
8.52
-62.27%
22.59
+410.25%
4.43
Change In Accrued Expense
2.96
+195.70%
-3.09
-123.15%
13.35
+336.52%
3.06
Change In Payable
1.23
-89.45%
11.62
+25.69%
9.24
+575.02%
1.37
Change In Account Payable
1.23
-89.45%
11.62
+25.69%
9.24
+575.02%
1.37
Change In Other Working Capital
32.49
-32.21%
47.93
+253.64%
13.55
-16.52%
16.24
Change In Other Current Liabilities
-4.32
-8.10%
-4.00
+5.33%
-4.22
-4.53%
-4.04
Investing Cash Flow
-123.75
+21.76%
-158.15
-139.00%
-66.17
+8.16%
-72.05
Cash Flow From Continuing Investing Activities
-123.75
+21.76%
-158.15
-139.00%
-66.17
+8.16%
-72.05
Net PPE Purchase And Sale
-96.24
-46.32%
-65.77
-33.51%
-49.26
-8.19%
-45.53
Purchase Of PPE
-96.24
-46.32%
-65.77
-33.51%
-49.26
-8.19%
-45.53
Capital Expenditure
-117.95
-35.40%
-87.11
-27.67%
-68.23
-12.93%
-60.42
Capital Expenditure Reported
-21.72
-1.75%
-21.34
-12.50%
-18.97
-27.43%
-14.89
Net Investment Purchase And Sale
-5.79
-907.67%
0.72
-65.23%
2.06
+118.49%
-11.15
Purchase Of Investment
-17.40
-8.79%
-15.99
+2.05%
-16.33
+1.15%
-16.52
Sale Of Investment
11.61
-30.54%
16.71
-9.14%
18.39
+242.84%
5.36
Net Business Purchase And Sale
0.00
+100.00%
-71.75
0.00
+100.00%
-0.47
Purchase Of Business
0.00
+100.00%
-71.75
0.00
+100.00%
-0.47
Financing Cash Flow
-32.78
-114.18%
231.26
+973.26%
-26.48
-254.92%
17.09
Cash Flow From Continuing Financing Activities
-32.78
-114.18%
231.26
+973.26%
-26.48
-254.92%
17.09
Net Issuance Payments Of Debt
-0.08
-100.03%
294.13
+12938.41%
-2.29
-104.80%
47.71
Issuance Of Debt
0.00
-100.00%
345.00
0.00
-100.00%
50.00
Repayment Of Debt
-0.08
+99.85%
-50.87
-2120.52%
-2.29
+0.04%
-2.29
Long Term Debt Issuance
0.00
-100.00%
345.00
0.00
-100.00%
50.00
Long Term Debt Payments
-0.08
+99.85%
-50.87
-2120.52%
-2.29
+0.04%
-2.29
Net Long Term Debt Issuance
-0.08
-100.03%
294.13
+12938.41%
-2.29
-104.80%
47.71
Short Term Debt Issuance
—
—
—
0.00
Short Term Debt Payments
—
—
—
0.00
Net Short Term Debt Issuance
—
—
—
0.00
Net Common Stock Issuance
-10.09
0.00
0.00
0.00
Common Stock Payments
-10.09
0.00
0.00
—
Cash Dividends Paid
—
0.00
0.00
+100.00%
-0.54
Repurchase Of Capital Stock
-10.09
0.00
0.00
—
Proceeds From Stock Option Exercised
11.94
+4.23%
11.46
+56.41%
7.33
+94.19%
3.77
Net Other Financing Charges
-34.55
+53.51%
-74.33
-135.84%
-31.52
+6.90%
-33.85
Changes In Cash
9.02
-96.21%
237.93
+1398.66%
-18.32
-305.99%
8.89
Effect Of Exchange Rate Changes
3.21
+417.49%
-1.01
-239.78%
0.72
+305.68%
-0.35
Beginning Cash Position
326.07
+265.75%
89.15
-16.48%
106.75
+8.70%
98.21
End Cash Position
338.30
+3.75%
326.07
+265.75%
89.15
-16.48%
106.75
Free Cash Flow
47.59
-38.76%
77.71
+1174.11%
6.10
+77.92%
3.43
Interest Paid Supplemental Data
—
3.29
-11.85%
3.73
+67.90%
2.22
Income Tax Paid Supplemental Data
—
8.59
+52.03%
5.65
+84.77%
3.06
Common Stock Issuance
—
—
—
0.00
Issuance Of Capital Stock
—
—
—
0.00
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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