What is Vertex, Inc.'s R&D?

Vertex, Inc. (VERX) reported R&D of $24.55M in Q1 2026.

How has Vertex, Inc.'s R&D changed year-over-year?

Vertex, Inc.'s R&D increased by 17.5% year-over-year, from $20.89M to $24.55M.

What is the long-term trend for Vertex, Inc.'s R&D?

Over 4 years (2021 to 2025), Vertex, Inc.'s R&D has grown at a 17.4% compound annual growth rate (CAGR), from $44.02M to $83.72M.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

Vertex, Inc. VERX R&D

R&D at other companies

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$171.17M-13.3%

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$840M+18.8%

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$18.54M+12.0%

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$37.35M+5.8%

Commvault SystemsCVLT

$40.06M+1.9%

ServiceTitan, Inc.TTAN

$88.02M+27.3%

Segments

By segment

See full

Single Reportable$24.55M+17.5%

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

See full

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%

Enterprise value$1.9B-64.4%

P/E153.9×—

P/S2.3×-5.3×

Profitability

See full

Gross margin64.3%-0.3pp

Operating margin-1.1%-2.4pp

Net margin-7.3%—

FCF margin20.1%+18.4pp

Returns & leverage

See full

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:ResearchAndDevelopmentExpense.

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 R&D?: Vertex, Inc. (VERX) reported R&D of $24.55M in Q1 2026.
How has Vertex, Inc.'s R&D changed year-over-year?: Vertex, Inc.'s R&D increased by 17.5% year-over-year, from $20.89M to $24.55M.
What is the long-term trend for Vertex, Inc.'s R&D?: Over 4 years (2021 to 2025), Vertex, Inc.'s R&D has grown at a 17.4% compound annual growth rate (CAGR), from $44.02M to $83.72M.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.