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Vertex, Inc. VERX Gross Profit

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Other financials

Income statement

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Revenue$196.6M+11.1%
Operating income-$10.6M-336%
Net income-$2.5M-123%

Balance sheet

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Cash & equivalents$252.5M-6.6%
Total debt$350.1M-0.3%
Total equity$246.5M+23.0%
Total assets$1.2B+5.2%

Cash flow

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Operating cash flow$38.0M+157%
CapEx$22.0M
Free cash flow$16.0M

Valuation

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Market cap$1.88B-56.3%
Enterprise value$1.97B-54.7%
P/E160.4×
P/S2.4×-3.6×

Profitability

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Gross margin64.3%-0.3pp
Operating margin-1.1%-2.4pp
Net margin-7.3%
FCF margin20.1%+18.4pp

Returns & leverage

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Return on equity-20.5%
Debt / equity1.4×-0.3×
Current ratio0.9×-0.1×

Where this comes from

Calculated from Vertex, Inc.’s reported figures.

The source filing: Vertex, Inc.’s 10-Q, filed May 7, 2026.

Filed
May 7, 2026, 4:36 PM EDT
Fiscal quarter
Q2 FY2026
Calendar quarter
Q2 2026
Accession
0001104659-26-057207
Line itemThree months ended March 31, 2026Three months ended March 31, 2025
Software subscriptions51,17644,245
Services20,60119,823
Total cost of revenues71,77764,068
Gross profit124,869112,994
Operating expenses:
Research and development24,55020,886
Selling and marketing52,63548,155
General and administrative54,33945,028

Item 1. FINANCIAL STATEMENTS

FAQ

What is Vertex, Inc.'s gross profit?
Vertex, Inc. (VERX) reported gross profit of $124.87M in Q1 2026.
How has Vertex, Inc.'s gross profit changed year-over-year?
Vertex, Inc.'s gross profit increased by 10.5% year-over-year, from $112.99M to $124.87M.
What is the long-term trend for Vertex, Inc.'s gross profit?
Over 4 years (2021 to 2025), Vertex, Inc.'s gross profit has grown at a 16.3% compound annual growth rate (CAGR), from $263.66M to $481.6M.
What does gross profit mean?
Revenue minus cost of revenue — the profit available to cover operating expenses, representing the company's pricing power and production efficiency.

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