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Vertex, Inc. VERX Operating Income

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Other financials

Income statement

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Revenue$196.6M+11.1%
Gross profit$124.9M+10.5%
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

Reported directly by Vertex, Inc. in its filing.

Tagged under the XBRL concept us-gaap:OperatingIncomeLoss.

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
Change in fair value of acquisition contingent earn-outs(5,738)(14,700)
Other operating expense, net3,2473,259
Total operating expenses135,475108,508
Income (loss) from operations(10,606)4,486
Interest income, net(957)(1,539)
Income (loss) before income taxes(9,649)6,025
Income tax benefit(7,139)(5,105)
Net income (loss)(2,510)11,130

Item 1. FINANCIAL STATEMENTS

FAQ

What is Vertex, Inc.'s operating income?
Vertex, Inc. (VERX) reported operating income of -$10.61M in Q1 2026.
How has Vertex, Inc.'s operating income changed year-over-year?
Vertex, Inc.'s operating income decreased by 336.4% year-over-year, from $4.49M to -$10.61M.
What is the long-term trend for Vertex, Inc.'s operating income?
Over 3 years (2021 to 2024), Vertex, Inc.'s operating income has grown at a -8.8% compound annual growth rate (CAGR), from -$2.94M to -$2.23M.
What does operating income mean?
Gross profit minus all operating expenses (SG&A, R&D, D&A). Measures the profit from core business operations before interest, taxes, and non-operating items.

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