Vertex, Inc.
Balance Sheet
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 |
|---|---|---|---|---|---|---|---|
| Assets | |||||||
| Cash & Equivalents | $314.0M | $296.1M | $68.2M | $91.8M | $73.3M | $303.1M | $75.9M |
| Accounts Receivable | $183.4M | $164.4M | $141.8M | $102.9M | $76.9M | $77.2M | $70.4M |
| Inventory | — | — | — | — | — | — | — |
| Total Current Assets | $560.7M | $536.3M | $266.6M | $243.1M | $195.7M | $402.7M | $165.6M |
| Property, Plant & Equipment | — | — | $100.7M | $101.1M | $96.7M | $56.6M | $54.7M |
| Goodwill | $392.5M | $357.8M | $257.8M | $251.8M | $270.0M | $16.3M | $0 |
| Intangible Assets (Excl. Goodwill) | — | — | — | — | — | $2.4M | — |
| Total Assets | $1.27B | $1.17B | $759.9M | $719.2M | $670.2M | $558.8M | $264.6M |
| Liabilities | |||||||
| Accounts Payable | $37.6M | $36.2M | $23.6M | $14.3M | $13.0M | $8.9M | $10.7M |
| Total Current Liabilities | $574.7M | $537.4M | $440.8M | $403.2M | $369.1M | $292.0M | $334.5M |
| Long-Term Debt | $337.5M | $335.2M | $44.1M | $46.7M | — | $225.0K | $682.0K |
| Total Liabilities | $1.01B | $987.4M | $506.9M | $489.5M | $440.1M | $329.4M | $377.1M |
| Stockholders' Equity | |||||||
| Retained Earnings | $-46.1M | $-53.3M | $-586.0K | $12.5M | $24.8M | $25.8M | $-90.7M |
| Total Stockholders' Equity | $258.9M | $179.4M | $253.0M | $229.7M | $230.1M | $229.3M | $-129.8M |