Financial Snapshot

Revenue
$488.3M
TTM
Gross Margin
63.23%
TTM
Net Earnings
$15.07M
TTM
Current Assets
Q4 2024
Current Liabilities
Q4 2024
Current Ratio
99.81%
Q4 2024
Total Assets
Q4 2024
Total Liabilities
Q4 2024
Book Value
$179.4M
Q4 2024
Cash
Q4 2024
P/E
583.7
Nov 29, 2024 EST
Free Cash Flow
-$6.329M
TTM

Revenues

Revenues

Revenue YoY Change

Revenues

Concept 2024 2023 2022 2021 2020 2019 2018
Revenue $666.8M $572.4M $491.6M $425.5M $374.7M $321.5M $272.4M
YoY Change 16.49% 16.43% 15.53% 13.58% 16.54% 18.02%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept 2024 2023 2022 2021 2020 2019 2018
Revenue $666.8M $572.4M $491.6M $425.5M $374.7M $321.5M $272.4M
Cost Of Revenue $240.7M $223.8M $193.1M $161.9M $165.4M $110.4M $95.70M
Gross Profit $426.1M $348.6M $298.5M $263.7M $209.3M $211.1M $176.7M
Gross Profit Margin 63.91% 60.9% 60.72% 61.96% 55.86% 65.67% 64.87%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept 2024 2023 2022 2021 2020 2019 2018
Selling, General & Admin $323.4M $286.2M $247.0M $206.0M $248.5M $139.1M $115.8M
YoY Change 13.01% 15.87% 19.89% -17.09% 78.58% 20.16%
% of Gross Profit 75.9% 82.1% 82.74% 78.14% 118.73% 65.91% 65.53%
Research & Development $66.67M $58.21M $41.88M $44.02M $54.34M $30.56M $23.80M
YoY Change 14.52% 39.01% -4.86% -19.0% 77.83% 28.39%
% of Gross Profit 15.64% 16.7% 14.03% 16.7% 25.97% 14.47% 13.47%
Depreciation & Amortization $71.89M $61.15M $44.78M $32.22M $25.19M $24.90M
YoY Change 17.56% 36.56% 38.99% 27.91% 1.16%
% of Gross Profit 20.62% 20.49% 16.99% 15.4% 11.93% 14.09%
Operating Expenses $428.4M $366.1M $306.6M $266.6M $314.0M $179.3M $146.8M
YoY Change 17.01% 19.41% 14.99% -15.11% 75.18% 22.12%
Operating Profit -$2.228M -$17.51M -$8.082M -$2.942M -$104.8M $31.86M $29.90M
YoY Change -87.28% 116.65% 174.71% -97.19% -428.86% 6.54%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept 2024 2023 2022 2021 2020 2019 2018
Interest Expense -$4.164M -$2.048M -$984.0K -$3.100M -$1.000M -$1.600M
YoY Change 103.32% 108.13% -68.26% 210.0% -37.5%
% of Operating Profit -3.14% -5.35%
Other Income/Expense, Net -$984.0K -$3.111M -$953.0K
YoY Change -68.37% 226.44%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

No data

Net Income To Revenue Ratio

Pretax & Net Income

Concept 2024 2023 2022 2021 2020 2019 2018
Pretax Income $1.909M -$21.67M -$10.13M -$3.926M -$107.9M $30.90M -$4.400M
YoY Change -108.81% 113.96% 158.02% -96.36% -449.07% -802.32%
Income Tax $54.64M -$8.581M $2.174M -$2.447M -$32.79M -$155.0K $1.700M
% Of Pretax Income 2862.13% -0.5%
Net Earnings -$52.73M -$13.09M -$12.30M -$1.479M -$75.08M $31.06M -$6.100M
YoY Change 302.73% 6.41% 731.91% -98.03% -341.75% -609.13%
Net Earnings / Revenue -7.91% -2.29% -2.5% -0.35% -20.04% 9.66% -2.24%
Basic Earnings Per Share
Diluted Earnings Per Share -$0.09 -$0.08 -$10.01K -$600.0K $217.5K -$42.66K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

No data

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

No data

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept 2024 2023 2022 2021 2020 2019 2018
Cash & Short-Term Investments $77.72M $103.0M $73.33M $303.1M $75.90M $55.80M
YoY Change -24.53% 40.42% -75.81% 299.34% 36.02%
Cash & Equivalents $68.18M $91.80M $73.33M $303.1M $75.90M $55.80M
Short-Term Investments $9.545M $11.17M
Other Short-Term Assets $47.15M $35.33M $45.41M $22.50M $19.30M $14.20M
YoY Change 33.46% -22.2% 101.82% 16.58% 35.92%
Inventory
Prepaid Expenses
Receivables $141.8M $102.9M $76.93M $77.20M $70.40M $62.20M
Other Receivables $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Total Short-Term Assets $266.6M $241.2M $195.7M $402.7M $165.6M $132.3M
YoY Change 10.54% 23.26% -51.41% 143.18% 25.17%
Property, Plant & Equipment $115.3M $133.0M $118.6M $56.60M $54.70M $49.50M
YoY Change -13.25% 12.07% 109.61% 3.47% 10.51%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $78.96M $49.01M $49.75M $45.00M $12.30M $10.20M
YoY Change 61.1% -1.49% 10.56% 265.85% 20.59%
Total Long-Term Assets $493.3M $478.0M $474.5M $152.2M $99.00M $82.80M
YoY Change 3.2% 0.73% 211.78% 53.74% 19.57%
Total Assets $759.9M $719.2M $670.2M $554.9M $264.6M $215.1M
YoY Change
Accounts Payable $23.60M $14.33M $13.00M $8.900M $10.70M $6.900M
YoY Change 64.67% 10.22% 46.07% -16.82% 55.07%
Accrued Expenses $89.47M $74.51M $70.03M $58.90M $50.70M $42.60M
YoY Change 20.07% 6.4% 18.9% 16.17% 19.01%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $2.574M $2.291M $284.0K $900.0K $50.80M $4.900M
YoY Change 12.35% 706.69% -68.44% -98.23% 936.73%
Total Short-Term Liabilities $440.8M $403.2M $369.1M $292.0M $334.5M $238.8M
YoY Change 9.32% 9.23% 26.42% -12.71% 40.08%
Long-Term Debt $44.11M $46.72M $68.00K $200.0K $700.0K $50.00M
YoY Change -5.58% 68604.41% -66.0% -71.43% -98.6%
Other Long-Term Liabilities $22.06M $39.54M $70.92M $37.20M $41.80M $38.00M
YoY Change -44.21% -44.25% 90.65% -11.0% 10.0%
Total Long-Term Liabilities $66.17M $86.26M $70.99M $37.40M $42.50M $88.00M
YoY Change -23.29% 21.51% 89.82% -12.0% -51.7%
Total Liabilities $506.9M $489.5M $440.1M $329.4M $377.1M $326.8M
YoY Change 3.57% 11.21% 33.61% -12.65% 15.39%

Ownership

Basic Shares Outstanding

No data

Diluted Shares Outstanding

No data

Preferred Stock

No data

Treasury Stock Shares

No data

Stock Issuance & Repurchase

Ownership Data

Concept 2024 2023 2022 2021 2020 2019 2018
Basic Shares Outstanding
Diluted Shares Outstanding
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Dividends

Stock Price

Market Cap: $8.7961 Billion

About Vertex, Inc.

Vertex, Inc. engages in the provision of tax compliance software solutions. The company is headquartered in King Of Prussia, Pennsylvania and currently employs 1,500 full-time employees. The company went IPO on 2020-07-29. The firm operates as a solution provider of state, local and value-added tax calculation, compliance and analytics, offering software products which are sold through software license and software as a service (cloud) subscription. The company also provides implementation and training services in connection with its software license and cloud subscriptions, transaction tax returns outsourcing and other tax-related services. The firm offers a range of solutions, including tax determination, compliance and reporting, tax data management, document management, analytics and insights, industry-specific solutions, pre-built integrations, implementation services, and managed services. Its artificial intelligence (AI) capabilities leverage proprietary and private large language models (LLM) to deliver generative pre-trained transformer (GPT) capabilities to maintain a framework that increases the accuracy for tax compliance.

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