VERX - NASDAQ

Vertex, Inc.

VERX·NASDAQ

$12.79

-15%

TechnologySoftware - Application

Vertex, Inc. provides tax technology solutions for corporations in retail, communication, leasing, and manufacturing industries in the United States and internationally. It offers tax determination, compliance and reporting, tax data management, document management, pre-built integration, and industry-specific solutions. The company sells its software products through software license and software as a service subscriptions. It also provides implementation and training services in connection with its software license and cloud subscriptions, transaction tax returns outsourcing, and other tax-related services. Vertex, Inc. was founded in 1978 and is headquartered in King of Prussia, Pennsylvania.

Statements Value Model

At a Glance

Live Snapshot

Market Cap$2.07B

EPS0.0500

P/E Ratio255.80

Earnings Date08/05/2026

1.27B

Assets

3Y+77.0%

5Y+127.0%

10Y+491.0%

1.01B

Total Liabilities

3Y+107.0%

5Y+207.0%

10Y+210.0%

258.92M

Total Equity

44%

3Y+13.0%

5Y+13.0%

10Y-332.0%

Vertex, Inc. Funding & Solvency Profile

VERX · NASDAQ

Current Assets

Cash & Cash Equivalents314.01M

Net Receivables183.45M

Inventory0.00

Other Current Assets24.29M

Total Current Assets561 M

Non-Current Assets

Property, Plant & Equipment219.41M

Goodwill & Intangible Assets431.49M

Long-Term Investments15.00M

Other Non-Current Assets44.24M

Total Non-Current Assets279 M

Total Assets

1.27B

Financial Health Analysis

Current Ratio

0.98x

Warning: Liquidity concerns. Current assets may not be sufficient to cover short-term obligations.

Debt-to-Equity Ratio

3.91x

High financial leverage. Heavy reliance on debt may indicate increased financial risk and potential solvency concerns.

Working Capital

-13956000

Negative working capital indicates short-term liabilities exceed short-term assets—potential liquidity stress.

Asset Composition

44% Current

Balanced asset mix between current and non-current assets, typical of many stable businesses.

Financial Health Insight

Financial stress indicators: Both liquidity and leverage metrics raise concerns. The company may face challenges meeting obligations and should focus on strengthening its balance sheet.

Vertex, Inc. Balance Sheet

VERX • NASDAQ

Vertex, Inc. Balance Sheet	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018
ASSETS
CURRENT ASSETS
Cash and Cash Equivalents	314M	296.1M	68.2M	91.8M	73.3M	303.1M	75.9M	55.8M
Short-Term Investments	0.0	9.2M	9.5M	11.2M	0.0	0.0	0.0	0.0
Cash & Short-Term Investments	314M	305.2M	77.7M	103M	73.3M	303.1M	75.9M	55.8M
Net Receivables	183.4M	164.4M	141.8M	102.9M	76.9M	77.2M	70.4M	62.2M
Accounts Receivables	183.4M	164.4M	141.8M	102.9M	76.9M	77.2M	70.4M	62.2M
Prepaids	39M	32.6M	22.2M	22.3M	20.5M	13.3M	11.7M	140K
Other Current Assets	24.3M	34.1M	25M	14.9M	24.9M	9.2M	7.6M	14.2M
Total Current Assets	560.7M	536.3M	266.6M	243.1M	195.7M	402.7M	165.6M	132.3M
NON-CURRENT ASSETS
Property, Plant, and Equipment (Net)	219.4M	189.5M	115.3M	118.3M	118.6M	56.6M	54.7M	49.5M
Goodwill	396M	357.8M	257.8M	251.8M	270M	16.3M	0.0	0.0
Intangible Assets	35.5M	41.5M	41.2M	44.2M	36.1M	34.4M	32.1M	23.1M
Goodwill & Intangible Assets	431.5M	399.4M	299M	296M	306.1M	50.7M	32.1M	23.1M
Long-Term Investments	15M	0.0	0.0	0.0	0.0	0.0	0.0	8.8M
Tax Assets	0.0	19K	41.7M	30.9M	35.3M	33.8M	219K	-8.8M
Other Non-Current Assets	44.2M	41.6M	37.3M	30.8M	14.5M	15M	12M	10.2M
Total Non-Current Assets	710.1M	630.5M	493.3M	476M	474.5M	156.1M	99.1M	82.8M
Total Assets	1.3B	1.2B	759.9M	719.2M	670.2M	558.8M	264.6M	215.1M
LIABILITIES
CURRENT LIABILITIES
Total Payables	37.6M	41.4M	29M	14.3M	13.5M	11.6M	23.9M	6.9M
Accounts Payable	37.6M	36.2M	23.6M	14.3M	13M	8.9M	10.7M	6.9M
Other Payables	0.0	5.2M	5.4M	0.0	536K	2.7M	13.2M	0.0
Accrued Expenses	58.6M	44.6M	51.6M	49M	39.6M	36.5M	28.5M	37.5M
Short Term Debt	4.3M	0.0	2.5M	2.2M	0.0	0.0	50.8M	4.9M
Capital Lease Obligations (Current)	0.0	4.1M	3.8M	4.2M	4.2M	882K	0.0	0.0
Tax Payables	0.0	5.2M	5.4M	0.0	0.0	0.0	0.0	0.0
Deferred Revenue	382.8M	339.3M	290.1M	268.8M	237.3M	207.6M	191.7M	163.9M
Other Current Liabilities	91.4M	108M	63.7M	64.6M	74.4M	35.4M	39.6M	25.5M
Total Current Liabilities	574.7M	537.4M	440.8M	403.2M	369.1M	292M	334.5M	238.8M
NON-CURRENT LIABILITIES
Long Term Debt	346.4M	335.2M	44.1M	46.7M	0.0	0.0	682K	50M
Deferred Revenue (Non-Current)	5.2M	4.8M	2.6M	10.3M	11.7M	14.7M	14M	14.8M
Deferred Tax Liabilities (Non-Current)	5.7M	9.9M	0.0	0.0	0.0	0.0	0.0	0.0
Other Non-Current Liabilities	71M	87.5M	2.9M	8.8M	34.9M	22.5M	27.8M	23.3M
Total Non-Current Liabilities	437.3M	450.1M	66.2M	86.3M	71M	37.5M	42.5M	88M
Capital Lease Obligations	9M	16.7M	20.4M	24.6M	28.6M	1.1M	0.0	0.0
Total Liabilities	1B	987.4M	506.9M	489.5M	440.1M	329.4M	377.1M	326.8M
SHAREHOLDERS' EQUITY
Treasury Stock	-10.1M	0.0	0.0	0.0	0.0	0.0	-38.6M	-37.8M
Common Stock	159K	157K	154K	150K	149K	146K	54K	54K
Additional Paid-In Capital	316.3M	278.4M	275.2M	244.8M	222.6M	206.5M	0.0	0.0
Retained Earnings	-46.1M	-53.3M	-586K	12.5M	24.8M	25.8M	-90.7M	-88M
Accumulated Other Comprehensive Income/Loss	-1.4M	-45.9M	-21.7M	-27.8M	-17.5M	-3.1M	-491K	-496K
Other Total Stockholders' Equity	0.0	0.0	0.0	0.0	0.0	0.0	17.3M	14.6M
Total Stockholders' Equity	258.9M	179.4M	253M	229.7M	230.1M	229.3M	-112.4M	-111.7M
Total Equity	258.9M	179.4M	253M	229.7M	230.1M	229.3M	-112.4M	-111.7M
SUMMARY
Total Liabilities & Equity	1.3B	1.2B	759.9M	719.2M	670.2M	558.8M	264.6M	215.1M
Total Investments	15M	9.2M	9.5M	11.2M	0.0	0.0	0.0	8.8M
Total Debt	359.6M	351.9M	67M	73.5M	28.6M	1.1M	51.5M	54.9M
Net Debt	45.6M	55.8M	-1.2M	-18.3M	-44.7M	-301.9M	-24.4M	-955K
Shares Outstanding	159,545,030	159,545,030	159,545,030	159,545,030	159,545,030	159,545,030	159,545,030	159,545,030

SEC Filings

VERX - Filing history and reports

Filing Type	Filing Date	Period Ending	Fiscal Year	Actions
10-Q 10-Q 2026 Q1 Q1	May 07, 2026	March 31, 2026	2026	View Filing
8-K 8-K 2026 N/A	May 07, 2026	May 07, 2026	2026	View Filing
8-K 8-K 2026 N/A	April 28, 2026	April 28, 2026	2026	View Filing
DEF 14A DEF 14A 2026 N/A	April 27, 2026	June 10, 2026	2026	View Filing
10-K 10-K 2025 FY FY	February 24, 2026	December 31, 2025	2025	View Filing
8-K 8-K 2026 N/A	February 11, 2026	February 11, 2026	2026	View Filing
8-K 8-K 2025 N/A	November 20, 2025	November 14, 2025	2025	View Filing
8-K 8-K 2025 N/A	November 03, 2025	October 30, 2025	2025	View Filing
10-Q 10-Q 2025 Q3 Q3	November 03, 2025	September 30, 2025	2025	View Filing
8-K 8-K 2025 N/A	October 21, 2025	October 20, 2025	2025	View Filing

Showing 1 to 10 of 79 filings

Related Guides

Blog Categories

Continue your VERX research with focused valuation guides.

Fundamentals

Decode statement quality and operating durability.

Accounting

Interpret line items with cleaner analytical framing.

Forecasting

Translate historical performance into forward scenarios.

Reference

Use practical frameworks for statement-led valuation.

Research Paths

Pick your next lens

Snapshot

Start with context, operating signals, and key market metrics.

Value Model

Stress test fair value across bear, base, and bull assumptions.

Statements

Validate revenue quality, margins, and balance sheet durability.

Earnings Call

Read management commentary and compare it with reported outcomes.

Dividends

Check payout sustainability and long-term distribution behavior.

Analyst Expectations

Review consensus spread and where estimate risk is concentrated.