Vertex, Inc.
Cash Flow Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | $7.2M | $-52.7M | $-13.1M | $-12.3M | $-1.5M | $-75.1M | $31.1M | $-6.1M |
| Depreciation & Amortization | $96.9M | $82.7M | $71.9M | $61.2M | $44.8M | $32.2M | $25.2M | $24.9M |
| Depreciation | — | — | — | — | — | — | — | — |
| Amortization | $2.3M | $2.7M | $2.9M | $4.0M | $1.1M | $443.0K | — | — |
| Stock-Based Compensation | $57.8M | $47.4M | $33.9M | $19.7M | $26.2M | $147.9M | $9.5M | $5.1M |
| Net Cash from Operating Activities | $165.5M | $164.8M | $74.3M | $63.8M | $90.3M | $59.5M | $92.5M | $80.4M |
| Investing Activities | ||||||||
| Capital Expenditures | — | $71.8M | $49.3M | $45.5M | $31.7M | $21.0M | $20.3M | $21.1M |
| Business Acquisitions | — | — | — | $474.0K | $251.4M | $11.6M | — | — |
| Net Cash from Investing Activities | $-123.7M | $-158.2M | $-66.2M | $-72.0M | $-294.8M | $-44.4M | $-37.6M | $-33.3M |
| Financing Activities | ||||||||
| Dividends Paid | — | — | — | — | — | $146.1M | $28.6M | $28.0M |
| Stock Repurchases | $10.1M | — | — | — | — | — | $841.0K | $1.3M |
| Net Cash from Financing Activities | $-32.8M | $231.3M | $-26.5M | $17.1M | $-9.1M | $213.6M | $-30.6M | $-30.7M |
| Net Change in Cash | $12.2M | $236.9M | $-17.6M | $8.5M | $-214.1M | $228.8M | $24.3M | $16.0M |
| Free Cash Flow | — | $93.1M | $25.1M | $18.3M | $58.6M | $38.6M | $72.2M | $59.4M |