Vertex Financial Statements
NASDAQ: VERXTechnologyComputer Software: Prepackaged SoftwareUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Vertex revenue and earnings
In fiscal 2025, Vertex generated $748.4 million in revenue, up 12.2% from fiscal 2024, its 7th consecutive year of revenue growth. Net income was $7.2 million, for a net margin of 1.0% versus a median of -2.5% in the prior 5 years. Gross margin was 64.3% (up from 63.9%) and operating margin 0.3%.
Over the last 5 fiscal years, VERX's revenue has grown at a 14.8% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Vertex income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 748.44M | 666.78M | 572.39M | 491.62M | 425.55M | 374.67M | 321.50M | 272.40M |
| Revenue growth (YoY) | +12.25% | +16.49% | +16.43% | +15.53% | +13.58% | +16.54% | +18.02% | — |
| Cost of Revenue | 266.84M | 240.65M | 223.81M | 193.13M | 161.89M | 165.39M | 110.38M | 95.70M |
| Gross Profit | 481.60M | 426.13M | 348.58M | 298.49M | 263.66M | 209.28M | 211.12M | 176.71M |
| Operating Expenses | 479.27M | 428.35M | 366.09M | 306.57M | 266.60M | 314.04M | 179.27M | 179.54M |
| Research & Development | 83.72M | 66.67M | 58.21M | 41.88M | 44.02M | 54.34M | 30.56M | 23.75M |
| Selling, General & Admin | 375.17M | 323.41M | 286.17M | 246.99M | 206.01M | 248.47M | 139.14M | 115.84M |
| Operating Income | 2.33M | -2.23M | -17.51M | -8.08M | -2.94M | -104.76M | 31.86M | -2.83M |
| Other Income (Expense) | — | — | — | — | -984.00K | -3.11M | -953.00K | -1.59M |
| Pretax Income | 7.58M | 1.91M | -21.67M | -10.13M | -3.93M | -107.87M | 30.90M | -4.43M |
| Income Tax | 368.00K | 54.64M | -8.58M | 2.17M | -2.45M | -32.79M | -155.00K | 1.68M |
| Net Income | 7.21M | -52.73M | -13.09M | -12.30M | -1.48M | -75.08M | 31.06M | -6.11M |
| Net Income growth (YoY) | — | — | — | — | — | -341.75% | — | — |
| EBITDA | 99.26M | 80.50M | 54.38M | 53.07M | 41.84M | -72.54M | 57.05M | 22.07M |
| Gross Margin | 64.35% | 63.91% | 60.90% | 60.72% | 61.96% | 55.86% | 65.67% | 64.87% |
| Operating Margin | 31.00% | -33.00% | -3.06% | -1.64% | -69.00% | -27.96% | 9.91% | -104.00% |
| Net Margin | 96.00% | -7.91% | -2.29% | -2.50% | -35.00% | -20.04% | 9.66% | -2.24% |
This table shows 8 annual periods of Vertex's income statement, from FY 2025 back to FY 2018, across 15 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow VERX's reporting calendar. What is a income statement?