Vertex, Inc. Income Statement
VERX / Information Technology|8 years of annual SEC 10-K data (FY2018-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 8 fiscal years. All figures from audited SEC 10-K filings.
Vertex, Inc. reported $748M in revenue and $7M in net income for FY2025. Revenue has grown at a 15.5% compound annual rate over the past 7 years.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score 0.69 (distress zone, below 1.8 threshold)
- Negative profit margin: -7.3%
- High earnings quality (cash-backed earnings)
Data sourced from SEC EDGAR filings. Not investment advice.
| 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 |
| SG&A Expense | $178.7M | $152.8M | $145.9M | $121.7M | $107.0M | $149.1M | $71.0M | $58.9M |
| R&D Expense | $83.7M | $66.7M | $58.2M | $41.9M | $44.0M | $54.3M | $30.6M | $23.8M |
| Operating Income | $2.3M | -$2.2M | -$17.5M | -$8.1M | -$2.9M | -$104.8M | $31.9M | -$2.8M |
| Interest Expense | $5.2M | $4.1M | -$4.2M | -$2.0M | -$984.0K | - | - | - |
| Income Tax | $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 |
| Gross Margin | 64.3% | 63.9% | 60.9% | 60.7% | 62.0% | 55.9% | 65.7% | 64.9% |
| Operating Margin | 0.3% | -0.3% | -3.1% | -1.6% | -0.7% | -28.0% | 9.9% | -1.0% |
| Profit Margin | 1.0% | -7.9% | -2.3% | -2.5% | -0.4% | -20.0% | 9.7% | -2.2% |