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Vertex, Inc. VERX Business Segments — Research And Development Expense

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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: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 business segments — research and development expense?
Vertex, Inc. (VERX) reported business segments — research and development expense of $24.55M in Q1 2026.
How has Vertex, Inc.'s business segments — research and development expense changed year-over-year?
Vertex, Inc.'s business segments — research and development expense increased by 17.5% year-over-year, from $20.89M to $24.55M.
What is the long-term trend for Vertex, Inc.'s business segments — research and development expense?
Over 3 years (2022 to 2025), Vertex, Inc.'s business segments — research and development expense has grown at a 26.0% compound annual growth rate (CAGR), from $41.88M to $83.72M.
What does business segments — research and development expense mean?
This metric captures the costs associated with the discovery, design, and development of new software solutions and tax technology enhancements. It reflects the company's commitment to innovation and its long-term strategy to maintain a competitive edge in the tax compliance market.