Vertex

Vertex

VERX · NASDAQ · Technology / Software - Application

17.97USD+0.22 (+1.27%)

Price History

Full chart

Market Stats

Previous Close17.75
Open17.94
Day Range17.70 – 18.12
52-Week Range10.21 – 26.54
Volume972.91K
Market Cap1.84B
P/E (TTM)568.50
Forward P/E10.02
EPS0.02
Dividend Yield0.00%
Beta0.82
50-Day Avg12.75
200-Day Avg14.15

About

Vertex, Inc., together with its subsidiaries, provides enterprise tax technology solutions for retail trade, wholesale trade, and manufacturing industries in the United States and internationally. The company offers transaction determination; compliance and reporting, including workflow management tools; tax data management and document management solutions; analytics and insights; pre-built integration that includes mapping data fields, and business logic and configurations; industry-specific solutions support certain industries for indirect tax needs, such as retail, communications, and leasing; and technology specific solutions, such as chain flow accelerator and SAP-specific tools. It provides implementation services, such as configuration, data migration and implementation, and support and training; E-invoicing, an end-to-end e-invoicing process; and managed services, including indirect tax return preparation, filing and tax payment, and notice management. The company sells its software products through software licenses and software as a service subscription. Vertex, Inc. has a strategic collaboration with xSuite Group GmbH to support SAP customers. The company was founded in 1978 and is headquartered in King of Prussia, Pennsylvania.

Company Details

  • SectorTechnology
  • IndustrySoftware - Application
  • CEOMr. Christopher David Young
  • Employees2.00K
  • Headquarters2301 Renaissance Boulevard, King of Prussia, PA, United States, 19406, USA
  • Websitehttps://www.vertexinc.com

Leadership

  • Mr. Christopher David YoungCEO, President & Director · b. 1972
  • Ms. Amanda Westphal RadcliffeCo-Owner & Independent Director · b. 1969
  • Ms. Stefanie Westphal-Lucas ThompsonCo-Owner & Independent Director · b. 1963
  • Mr. John R. SchwabChief Financial Officer · b. 1968
  • Mr. Bryan T. R. RowlandSenior VP, General Counsel & Secretary · b. 1980
  • Mr. Ray WestphalFounder
  • Mr. Aneel JaeelChief Operations Officer
  • Mr. Ryan J. Leib CPAChief Accounting Officer · b. 1978
  • Mr. Bala ChandranChief Product & Technology Officer
  • Mr. Joseph J. CrivelliVice President of Investor Relations

Financials

Income Statement

Currency: USD2018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Revenue272.40M321.50M374.67M425.55M491.62M572.39M666.78M748.44M
Growth (%)-+18.02%+16.54%+13.58%+15.53%+16.43%+16.49%+12.25%
Cost of Revenue95.70M110.38M165.39M161.89M193.13M223.81M240.65M293.93M
Gross Profit176.71M211.12M209.28M263.66M298.49M348.58M426.13M454.51M
Gross Margin64.87%65.67%55.86%61.96%60.72%60.90%63.91%60.73%
Operating Expense179.54M179.27M314.04M266.60M306.57M366.09M428.35M462.36M
Operating Income-2.83M31.86M-104.76M-2.94M-8.08M-17.51M-2.23M-7.85M
Operating Margin-1.04%9.91%-27.96%-0.69%-1.64%-3.06%-0.33%-1.05%
EBITDA22.07M57.05M-72.54M41.84M53.07M56.95M102.01M104.51M
EBITDA Margin8.10%17.74%-19.36%9.83%10.80%9.95%15.30%13.96%
Net Income-6.11M31.06M-75.08M-1.48M-12.30M-13.09M-52.73M7.21M
Net Income Margin-2.24%9.66%-20.04%-0.35%-2.50%-2.29%-7.91%0.96%
R&D23.75M30.56M54.34M44.02M41.88M58.21M66.67M83.72M
R&D as % of Total Revenue8.72%9.50%14.50%10.34%8.52%10.17%10.00%11.19%
Interest Expense2.12M2.04M3.11M984.00K2.05M4.16M4.14M5.25M
Interest Expense % of Total Revenue0.78%0.63%0.83%0.23%0.42%0.73%0.62%0.70%

Balance Sheet

Currency: USD2018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Total Assets215.07M264.62M558.78M670.21M719.19M759.93M1.17B1.27B
Total Liabilities326.77M377.06M329.44M440.12M489.47M506.95M987.44M1.01B
Total Equity-111.70M-112.43M229.34M230.08M229.72M252.98M179.35M258.92M
Cash55.84M75.90M303.05M73.33M91.80M68.17M296.05M314.01M
Total Debt54.88M51.49M1.11M28.61M73.52M66.97M351.89M359.62M
Net Debt-955.00K-24.42M-301.94M-44.73M-18.29M-1.21M55.84M45.61M

Cash Flow

Currency: USD2018-12-312019-12-312020-12-312021-12-312022-12-312023-12-312024-12-312025-12-31
Operating Cash Flow80.45M92.50M59.54M91.97M76.85M74.33M164.82M165.54M
Investing Cash Flow-33.31M-37.56M-44.38M-296.46M-85.05M-66.17M-158.15M-123.75M
Financing Cash Flow-30.70M-30.63M213.63M-9.10M17.09M-26.48M231.26M-32.78M
Capital Expenditure33.31M37.56M32.80M45.05M73.42M68.23M87.11M117.95M
Free Cash Flow47.13M54.94M26.74M46.92M3.43M6.10M77.71M47.59M
Dividends Paid28.02M28.57M146.12M2.70M536.00K00-
FCF to OCF58.59%59.39%44.91%51.02%4.46%8.21%47.15%28.75%
Dividend Paid to FCF59.45%52.00%546.47%5.75%15.64%0.00%0.00%-

Earnings

Report DateJun 3, 2020Sep 9, 2020Nov 10, 2020Mar 10, 2021May 13, 2021Aug 11, 2021Nov 10, 2021Mar 9, 2022May 10, 2022Aug 9, 2022Nov 9, 2022Mar 8, 2023May 10, 2023Aug 9, 2023Nov 9, 2023Feb 29, 2024May 8, 2024Aug 7, 2024Nov 6, 2024Feb 26, 2025May 7, 2025Aug 6, 2025Nov 3, 2025Feb 11, 2026May 7, 2026Aug 3, 2026Nov 2, 2026
EPS Estimate0.040.080.080.070.050.050.050.050.070.050.060.060.080.080.090.110.130.130.140.140.130.140.150.160.160.130.15
EPS Actual0.050.160.150.080.070.080.080.080.080.060.080.080.080.080.100.130.150.150.160.150.150.150.170.170.170.14-
Surprise25.00%100.00%87.50%14.29%40.00%60.00%60.00%60.00%14.29%20.00%33.33%33.33%0.00%0.00%11.11%18.18%15.38%15.38%14.29%7.76%15.38%7.14%11.48%3.47%6.25%7.69%-
Timing-Pre-marketAfter-hoursPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketPre-marketAfter-hoursAfter-hours

Key Statistics & Ratios

Market Cap1.84B
Enterprise Value2.02B
Trailing P/E568.50
Forward P/E10.02
Price / Sales2.34
Price / Book7.89
EPS0.02
Book Value1.53
Revenue (TTM)787.44M
Gross Profit (TTM)503.58M
EBITDA19.39M
Profit Margin0.45%
Operating Margin3.37%
Return on Equity1.46%
Return on Assets0.65%
Shares Outstanding79.66M
Shares Float70.89M
Beta0.82
Dividend Yield0.00%
Dividend Rate0.00
Payout Ratio0.00%

Analyst Ratings

Buy
Based on 15 analystsTarget 17.15
  • Strong Buy
    4
  • Buy
    6
  • Hold
    5

Ownership Breakdown

Institutions
95.72%
Insiders
9.01%
Retail / Other
0.00%

Top Institutional Holders

  • BlackRock Inc
    5.66M3.49%
  • UBS Group AG
    5.46M3.37%
  • Vanguard Portfolio Management, LLC
    4.78M2.95%
  • Morgan Stanley - Brokerage Accounts
    4.29M2.65%
  • Tensile Capital Management LP
    3.40M2.10%
  • JPMorgan Chase & Co
    3.37M2.08%
  • HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND
    3.18M1.96%
  • Vanguard Capital Management, LLC
    3.12M1.92%
  • The Goldman Sachs Group Inc
    2.36M1.46%
  • D. E. Shaw & Co LP
    2.19M1.35%
  • William Blair Investment Management, LLC
    2.13M1.31%
  • State Street Corp
    1.91M1.18%
  • Brown Advisory Holdings Inc
    1.81M1.12%
  • Geode Capital Management, LLC
    1.77M1.09%
  • Nomura Holdings Inc
    1.66M1.03%
  • Divisar Capital Management, LLC
    1.64M1.01%

Top Fund Holders

  • Vanguard MStar Total Stk Mkt Idx Invest
    2.26M1.39%
  • iShares Russell 2000 ETF
    1.89M1.16%
  • Vanguard Information Technology ETF
    1.84M1.14%
  • Vanguard Small Cap Index
    1.65M1.02%