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Vertex, Inc. VERX Operating margin

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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$1.77B-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
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.

Based on trailing twelve months.

The official record: Vertex, Inc.’s 10-Q, filed November 3, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Vertex, Inc.'s operating margin?
Vertex, Inc. (VERX) reported operating margin of -1.1% in Q3 2025.
How has Vertex, Inc.'s operating margin changed year-over-year?
Vertex, Inc.'s operating margin decreased by 185.5% year-over-year, from 1.3% to -1.1%.
What is the long-term trend for Vertex, Inc.'s operating margin?
Over 4 years (2020 to 2024), Vertex, Inc.'s operating margin has grown at a -67.1% compound annual growth rate (CAGR), from -28.6% to -0.3%.
What does operating margin mean?
Operating income as a percentage of revenue (trailing twelve months). Captures profitability from core operations after both cost of revenue and operating expenses, but before interest and taxes.