logo
Twitter
Discord
Email
logo
Vertex, Inc.

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
2301 Renaissance Boulevard, King of Prussia, PA, 19406, United States
800-355-3500
www.vertexinc.com
Market Cap
$3.19B
P/E (TTM)
-59.0
77.1
Dividend Yield
--
52W High
$60.71
52W Low
$18.54
52W Range
4%
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)

Compass, Inc.COMP
$6.64B
+24.3%
Global Business Travel Group, Inc.GBTG
$2.52B
+5.7%
Calix, Inc.CALX
$933.69M
+4.9%

Gross Margin (Latest Quarter)

Freshworks Inc.FRSH
84.8%
+1.0pp
Workiva Inc.WK
77.0%
+0.2pp
OneStream, Inc.OS
68.1%
+17.9pp

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-74.2113.4%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%
    Miss
  • Form 10-Q - Q2 2025

    Period End: Jun 30, 2025|Filed: Aug 6, 2025|
    Revenue: $184.56M+14.6%
    |
    EPS: $-0.01-118.0%
    Miss
  • Form 10-Q - Q1 2025

    Period End: Mar 31, 2025|Filed: May 7, 2025|
    Revenue: $177.06M+12.9%
    |
    EPS: $0.07+250.0%
    Miss
  • Form 10-K - FY 2024

    Period End: Dec 31, 2024|Filed: Feb 27, 2025|
    Revenue: $666.78M+16.5%
    |
    EPS: $-0.34-294.4%
    Miss
  • Form 10-Q - Q3 2024

    Period End: Sep 30, 2024|Filed: Nov 6, 2024|
    Revenue: $170.44M+17.5%
    |
    EPS: $0.05-307.1%
    Miss
  • Form 10-Q - Q2 2024

    Period End: Jun 30, 2024|Filed: Aug 7, 2024|
    Revenue: $161.10M+15.3%
    |
    EPS: $0.03-173.2%
    Miss
  • Form 10-Q - Q1 2024

    Period End: Mar 31, 2024|Filed: May 8, 2024|
    Revenue: $156.78M+18.1%
    |
    EPS: $0.02-116.7%
    Miss
  • Form 10-K - FY 2023

    Period End: Dec 31, 2023|Filed: Feb 29, 2024|
    Revenue: $572.39M+16.4%
    |
    EPS: $-0.09-4.9%
    Miss