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Vertex, Inc. VERX Number Of Banks
Number Of Banks at other companies
Other financials
Where this comes from
Reported directly by Vertex, Inc. in its filing.
Tagged under the XBRL concept verx:NumberOfBanks.
The source filing: Vertex, Inc.’s 10-K, filed February 24, 2026.
- Filed
- Feb 24, 2026, 4:36 PM EST
- Fiscal year
- FY2025
- Accession
- 0001104659-26-019165
The Company maintains the majority of its cash and cash equivalent balances and funds held for customers in four banks. These amounts exceed federally insured (“FDIC”) limits. The Company periodically evaluates the creditworthiness of the banks. The Company has not experienced any losses in these accounts and believes they are not exposed to significant credit risk on such accounts.
Item 16. Form 10-K Summary
FAQ
- What is Vertex, Inc.'s number of banks?
- Vertex, Inc. (VERX) reported number of banks of 1 in Q4 2025.
- How has Vertex, Inc.'s number of banks changed year-over-year?
- Vertex, Inc.'s number of banks decreased by 0.0% year-over-year, from 1 to 1.
- What is the long-term trend for Vertex, Inc.'s number of banks?
- Over 3 years (2022 to 2025), Vertex, Inc.'s number of banks has grown at a 0.0% compound annual growth rate (CAGR), from 4 to 4.
- What does number of banks mean?
- Represents the total count of financial institutions with which the company maintains active banking relationships. This metric provides insight into the company's treasury management complexity and the diversification of its banking partners.
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