
Vertex, Inc.
NASDAQ•VERX
CEO: Mr. David DeStefano
Sector: Technology
Industry: Software - Application
Listing Date: 2020-07-29
Vertex, Inc., together with its subsidiaries, provides enterprise tax technology solutions for retail trade, wholesale trade, and manufacturing industries in the United States and internationally. The company offers tax determination; compliance and reporting, including workflow management tools, role-based security, and event logging; tax data management; document management; analytics and insights; pre-built integration that includes mapping data fields, and business logic and configurations; industry-specific solutions; and technology specific solutions, such as chain flow accelerator and SAP-specific tools. It provides implementation services, such as configuration, data migration and implementation, and support and training; and managed services, including tax return preparation, filing and tax payment, and notice management. The company sells its software products through software licenses and software as a service subscription. Vertex, Inc. was founded in 1978 and is headquartered in King of Prussia, Pennsylvania.
Contact Information
Market Cap
$3.19B
P/E (TTM)
-59.0
77.1
Dividend Yield
--
52W High
$60.71
52W Low
$18.54
52W Range
Rank36Top 23.7%
4.9
F-Score
Modified Piotroski Analysis
Based on 7-year fundamentals
Average • 4.9 / 9 points
Scoring Range (0-9)
8-9: Excellent Value
6-7: Strong Fundamentals
4-5: Average Quality
0-3: Weak Performance
Data Period: 2018-2024
Financial Dashboard
Q3 2025 Data
Revenue
$192.11M+12.72%
4-Quarter Trend
EPS
$0.03-45.26%
4-Quarter Trend
FCF
$36.03M+96.19%
4-Quarter Trend
2025 Q3 Earnings Highlights
Key Highlights
Total Revenue Growth Strong Nine months revenues reached $553.7M, marking a 13.4% increase compared to $488.3M last year.
ARR Expansion Continues Annual Recurring Revenue grew $71.4M, reaching $648.2M as of September 30, 2025, driven by existing customers.
Non-GAAP Profitability Rises Adjusted EBITDA for nine months totaled $119.1M, showing a $5.2M increase over the prior comparable period.
Cloud Adoption Accelerates Cloud-based subscriptions comprised 55% of software revenue for the nine months, up from 48% last year.
Risk Factors
GAAP Net Income Declines Net income fell 5.7% to $14.2M for the nine months ended September 30, 2025, despite revenue growth.
Customer Retention Rate Slows Net Revenue Retention Rate decreased 4.0% to 107% compared to 111% reported in the prior year period.
R&D Spending Increases Research and development expenses surged 30.4% to $61.4M for nine months, driven by new solution development.
Legal Claim Uncertainty Ongoing unfair competition lawsuit against Avalara remains subject to uncertainty regarding ultimate impact on operations.
Outlook
New Share Repurchase Plan Board authorized a $150.0M stock repurchase program on October 30, 2025, for Class A common stock.
Leadership Transition Announced CEO David DeStefano retires November 10, 2025; Christopher Young appointed as new Chief Executive Officer.
Continued Cloud Deployment Shift Expect existing and new customers to continue shifting towards cloud deployment models over time.
Expect Higher R&D Costs Expect research and development costs to increase in absolute dollars supporting new product enhancements.
Peer Comparison
Revenue (TTM)
COMP$6.64B
$2.52B
CALX$933.69M
Gross Margin (Latest Quarter)
FRSH84.8%
WK77.0%
OS68.1%
Key Metrics
Symbol | Market Cap | P/E (TTM) | ROE (TTM) | Debt to Assets |
|---|---|---|---|---|
| COMP | $5.79B | -106.2 | -8.9% | 29.1% |
| WK | $4.93B | -74.2 | 113.4% | 59.0% |
| OS | $4.85B | -41.5 | -19.1% | 1.9% |
Long-Term Trends
Last 4 Quarters
Revenue
Net Income
Operating Cash Flow
4Q Revenue CAGR
2.5%
Moderate Growth
4Q Net Income CAGR
N/M
Profitability Shift
Cash Flow Stability
100%
Strong Cash Flow
Research & Insights
Next earnings:Feb 26, 2026
EPS:$0.17
|Revenue:-
Reports
All Years
Form 10-Q - Q3 2025
Period End: Sep 30, 2025|Filed: Nov 3, 2025|Revenue: $192.11M+12.7%|EPS: $0.03-45.3%MissForm 10-Q - Q2 2025
Period End: Jun 30, 2025|Filed: Aug 6, 2025|Revenue: $184.56M+14.6%|EPS: $-0.01-118.0%MissForm 10-Q - Q1 2025
Period End: Mar 31, 2025|Filed: May 7, 2025|Revenue: $177.06M+12.9%|EPS: $0.07+250.0%MissForm 10-K - FY 2024
Period End: Dec 31, 2024|Filed: Feb 27, 2025|Revenue: $666.78M+16.5%|EPS: $-0.34-294.4%MissForm 10-Q - Q3 2024
Period End: Sep 30, 2024|Filed: Nov 6, 2024|Revenue: $170.44M+17.5%|EPS: $0.05-307.1%MissForm 10-Q - Q2 2024
Period End: Jun 30, 2024|Filed: Aug 7, 2024|Revenue: $161.10M+15.3%|EPS: $0.03-173.2%MissForm 10-Q - Q1 2024
Period End: Mar 31, 2024|Filed: May 8, 2024|Revenue: $156.78M+18.1%|EPS: $0.02-116.7%MissForm 10-K - FY 2023
Period End: Dec 31, 2023|Filed: Feb 29, 2024|Revenue: $572.39M+16.4%|EPS: $-0.09-4.9%Miss