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Vertex, Inc. VERX Contract With Customer Revenue Recognized

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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$1.8B-65.7%

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 verx:ContractWithCustomerRevenueRecognized.

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 contract with customer revenue recognized?
Vertex, Inc. (VERX) reported contract with customer revenue recognized of $196.65M in Q1 2026.
How has Vertex, Inc.'s contract with customer revenue recognized changed year-over-year?
Vertex, Inc.'s contract with customer revenue recognized increased by 11.1% year-over-year, from $177.06M to $196.65M.
What is the long-term trend for Vertex, Inc.'s contract with customer revenue recognized?
Over 4 years (2021 to 2025), Vertex, Inc.'s contract with customer revenue recognized has grown at a 15.2% compound annual growth rate (CAGR), from $425.55M to $748.44M.
What does contract with customer revenue recognized mean?
Represents the total revenue recognized from contracts with customers during the reporting period, excluding assessed taxes. This is the primary measure of the company's top-line performance and market demand for its core products and services.