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Vertex, Inc. VERX License And Service — Cost of Goods Sold
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Where this comes from
Reported directly by Vertex, Inc. in its filing.
Tagged under the XBRL concept us-gaap:CostOfGoodsAndServicesSold.
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 item | Three months ended March 31, 2026 | Three months ended March 31, 2025 |
|---|---|---|
| Services | 29,500 | 26,301 |
| Total revenues | 196,646 | 177,062 |
| Cost of revenues: | ||
| Software subscriptions | 51,176 | 44,245 |
| Services | 20,601 | 19,823 |
| Total cost of revenues | 71,777 | 64,068 |
| Gross profit | 124,869 | 112,994 |
| Operating expenses: |
Item 1. FINANCIAL STATEMENTS
FAQ
- What is Vertex, Inc.'s license and service — cost of goods sold?
- Vertex, Inc. (VERX) reported license and service — cost of goods sold of $51.18M in Q1 2026.
- How has Vertex, Inc.'s license and service — cost of goods sold changed year-over-year?
- Vertex, Inc.'s license and service — cost of goods sold increased by 15.7% year-over-year, from $44.25M to $51.18M.
- What is the long-term trend for Vertex, Inc.'s license and service — cost of goods sold?
- Over 4 years (2021 to 2025), Vertex, Inc.'s license and service — cost of goods sold has grown at a 12.8% compound annual growth rate (CAGR), from $116.19M to $187.82M.
- What does license and service — cost of goods sold mean?
- This metric captures the direct costs associated with delivering tax software licenses and professional services to customers. It includes expenses such as hosting, technical support, and direct labor, providing insight into the direct profitability and operational efficiency of the segment.
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