Vertex, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $748.4M | $666.8M | $572.4M | $491.6M | $425.5M | $374.7M | $321.5M | $272.4M |
| Cost of Revenue | $266.8M | $240.7M | $223.8M | $193.1M | $161.9M | $165.4M | $110.4M | $95.7M |
| Gross Profit | $481.6M | $426.1M | $348.6M | $298.5M | $263.7M | $209.3M | $211.1M | $176.7M |
| Gross Margin | 64.3% | 63.9% | 60.9% | 60.7% | 62.0% | 55.9% | 65.7% | 64.9% |
| Operating Expenses | ||||||||
| Research & Development | $83.7M | $66.7M | $58.2M | $41.9M | $44.0M | $54.3M | $30.6M | $23.8M |
| SG&A Expense | $178.7M | $152.8M | $145.9M | $121.7M | $107.0M | $149.1M | $71.0M | $58.9M |
| Operating Income | $2.3M | $-2.2M | $-17.5M | $-8.1M | $-2.9M | $-104.8M | $31.9M | $-2.8M |
| Operating Margin | 0.3% | -0.3% | -3.1% | -1.6% | -0.7% | -28.0% | 9.9% | -1.0% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $7.6M | $1.9M | $-21.7M | $-10.1M | $-3.9M | $-107.9M | $30.9M | $-4.4M |
| Income Tax Expense | $368.0K | $54.6M | $-8.6M | $2.2M | $-2.4M | $-32.8M | $-155.0K | $1.7M |
| Net Income | $7.2M | $-52.7M | $-13.1M | $-12.3M | $-1.5M | $-75.1M | $31.1M | $-6.1M |
| Net Margin | 1.0% | -7.9% | -2.3% | -2.5% | -0.3% | -20.0% | 9.7% | -2.2% |
| EPS (Basic) | — | — | — | — | — | — | — | — |
| EPS (Diluted) | — | — | — | — | — | — | — | — |
| Shares Outstanding (Basic) | — | — | — | — | — | — | — | — |
| Shares Outstanding (Diluted) | — | — | — | — | — | — | — | — |
| Dividends Per Share | — | — | — | — | — | — | $0.11 | $0.09 |