Vertex Inc Class A (VERX) financials
Vertex revenue and earnings by year
Vertex's revenue was $748 million in the fiscal year to December 31, 2025, up 12.2% from the year before. Net income was $7.21 million, 1.0% of revenue. Since the fiscal year to December 31, 2018, revenue has grown 15.5% a year on average.
Fiscal years, each labelled by the calendar year it ended in.
Income statement, the last 8 fiscal years
| Fiscal year to | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 748 | 667 | 572 | 492 | 426 | 375 | 322 | 272 |
| Revenue growth | 12.2% | 16.5% | 16.4% | 15.5% | 13.6% | 16.5% | 18.0% | — |
| Gross profit | 482 | 426 | 349 | 298 | 264 | 209 | 211 | 177 |
| Gross margin | 64.3% | 63.9% | 60.9% | 60.7% | 62.0% | 55.9% | 65.7% | 64.9% |
| Operating income | 2 | -2 | -18 | -8 | -3 | -105 | 32 | -3 |
| Operating margin | 0.3% | -0.3% | -3.1% | -1.6% | -0.7% | -28.0% | 9.9% | -1.0% |
| Net income | 7 | -53 | -13 | -12 | -1 | -75 | 31 | -6 |
| Net margin | 1.0% | -7.9% | -2.3% | -2.5% | -0.3% | -20.0% | 9.7% | -2.2% |
| Diluted EPS | $0.04 | -$0.34 | -$0.09 | -$0.08 | -$0.01 | -$0.57 | — | — |
| Free cash flow | 48 | 78 | 6 | 3 | 47 | 27 | 55 | 47 |
Diluted EPS is stated in today's shares (adjusted for every split since). Quarterly statements and the income statement as a flow chart are in the app: open VERX in Markets.
How Vertex makes money
Revenue by segment in the quarter to June 30, 2026, as the company reports it.
| Segment | Revenue | Share |
|---|---|---|
| Cloud Subscriptions | $102M | 49.8% |
| Software Licenses | $73.1M | 35.8% |
| Services & Other | $29.2M | 14.3% |
See also: VERX returns
No forecast, no recommendation. This page describes Vertex Inc Class A from published data; it is not advice to buy, sell or hold any security.
Figures as of the close on Oct 30, 2026 unless a row says otherwise. Prices are split adjusted; returns include dividends reinvested. Data may be delayed. See the disclaimer and how TrendArc works.