What is Vertex, Inc.'s net debt?

Vertex, Inc. (VERX) reported net debt of $97.69M in Q1 2026.

How has Vertex, Inc.'s net debt changed year-over-year?

Vertex, Inc.'s net debt increased by 20.6% year-over-year, from $80.97M to $97.69M.

What is the long-term trend for Vertex, Inc.'s net debt?

Over 5 years (2020 to 2025), Vertex, Inc.'s net debt has grown at a -34.4% compound annual growth rate (CAGR), from -$301.94M to $36.82M.

What does net debt mean?

Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.

Vertex, Inc. VERX Net debt

Discontinued — last reported Q1 '26

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Other financials

Income statement

See full

Revenue$196.6M+11.1%

Gross profit$124.9M+10.5%

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

See full

Operating cash flow$38.0M+157%

CapEx$22.0M—

Free cash flow$16.0M—

Valuation

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Market cap$1.77B-65.7%

Enterprise value$1.86B-64.4%

P/E151×—

P/S2.3×-5.2×

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

See full

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.

$350.1Mtotal debt−$252.5Mcash and equivalents=$97.69M

The official record: Vertex, Inc.’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Vertex, Inc.'s net debt?: Vertex, Inc. (VERX) reported net debt of $97.69M in Q1 2026.
How has Vertex, Inc.'s net debt changed year-over-year?: Vertex, Inc.'s net debt increased by 20.6% year-over-year, from $80.97M to $97.69M.
What is the long-term trend for Vertex, Inc.'s net debt?: Over 5 years (2020 to 2025), Vertex, Inc.'s net debt has grown at a -34.4% compound annual growth rate (CAGR), from -$301.94M to $36.82M.
What does net debt mean?: Total debt minus cash and equivalents at the quarter end. The debt that would remain if the company used all its cash to pay down borrowings.