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Vertex, Inc. VERX Operating Lease Liabilities

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Other financials

Income statement

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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

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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:OperatingLeaseLiabilityNoncurrent.

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 itemMarch 31, 2026December 31, 2025
Total current liabilities566,576574,663
Deferred revenue, net of current portion5,2905,209
Debt, net of current portion338,041337,477
Operating lease liabilities, net of current portion7,6868,903
Finance lease liabilities, net of current portion4654
Purchase commitment and contingent consideration liabilities, net of current portion41,30079,600
Deferred income tax liabilities8,9255,664
Deferred other liabilities345

Item 1. FINANCIAL STATEMENTS

FAQ

What is Vertex, Inc.'s operating lease liabilities?
Vertex, Inc. (VERX) reported operating lease liabilities of $7.69M in Q1 2026.
How has Vertex, Inc.'s operating lease liabilities changed year-over-year?
Vertex, Inc.'s operating lease liabilities decreased by 32.9% year-over-year, from $11.46M to $7.69M.
What is the long-term trend for Vertex, Inc.'s operating lease liabilities?
Over 4 years (2021 to 2025), Vertex, Inc.'s operating lease liabilities has grown at a -22.2% compound annual growth rate (CAGR), from $24.32M to $8.9M.
What does operating lease liabilities mean?
Long-term portion of operating lease obligations extending beyond one year, representing committed future rent payments.

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