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Vertex, Inc. VERX Business Segments — Income Tax Expense Benefit

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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
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 us-gaap:IncomeTaxExpenseBenefit.

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 business segments — income tax expense benefit?
Vertex, Inc. (VERX) reported business segments — income tax expense benefit of $7.14M in Q1 2026.
How has Vertex, Inc.'s business segments — income tax expense benefit changed year-over-year?
Vertex, Inc.'s business segments — income tax expense benefit increased by 39.8% year-over-year, from $5.11M to $7.14M.
What is the long-term trend for Vertex, Inc.'s business segments — income tax expense benefit?
Over 3 years (2022 to 2025), Vertex, Inc.'s business segments — income tax expense benefit has grown at a 19.6% compound annual growth rate (CAGR), from $2.17M to -$3.72M.
What does business segments — income tax expense benefit mean?
This metric reflects the total tax liability or benefit recognized in the financial statements for the reporting period. It is influenced by statutory tax rates, tax credits, and the company's overall profitability across various jurisdictions.