Vertex, Inc.
Financial highlights
| Metric | FY December 31, 2025 | FY December 31, 2024 | FY December 31, 2023 | FY December 31, 2022 | FY December 31, 2021 |
|---|---|---|---|---|---|
| Revenue | $748.4M | $666.8M | $572.4M | $491.6M | $425.5M |
| Gross profit | $481.6M | $426.1M | $348.6M | $298.5M | $263.7M |
| Operating income | $2.3M | -$2.2M | -$17.5M | -$8.1M | -$2.9M |
| Operating expenses | $479.3M | $428.4M | $366.1M | $306.6M | $266.6M |
| Cost of revenue | $266.8M | $240.7M | $223.8M | $193.1M | $161.9M |
| Cash from operations | $165.5M | $164.8M | $74.3M | $63.8M | $90.3M |
| Capital expenditure | — | $71.8M | $49.3M | $45.5M | $31.7M |
| Free cash flow | — | $93.1M | $25.1M | $18.3M | $58.6M |
| Share repurchases | $10.1M | — | — | — | — |
| Total assets | $1.3B | $1.2B | $759.9M | $719.2M | $670.2M |
| Total liabilities | $1.0B | $987.4M | $506.9M | $489.5M | $440.1M |
| Total debt | $345.0M | $345.0M | $46.9M | — | — |
Shares outstanding 161.8M · Free float 52.1%
Annual filing data through FY ended December 31, 2025; float as of June 27, 2026.