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Vertex, Inc.

VERXTechnologyNASDAQ

Software - Application

PriceMA150MA200
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Financials · Annual
Revenue
$748.4M
+12.2% YoY
Net Income
$7.2M
+113.7% YoY
EBITDA
$86.0M
-15.7% YoY
Free Cash Flow
$99.5M

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About Vertex, Inc.

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. With a market capitalization of $2.05B, it sits in mid-cap territory. 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.

Key stats
Market Cap$2.05B
Fwd P/E12.31
EPS$-0.05
Beta0.80
52W Change-68.1%
ROE-2.9%
Analysis

On the balance sheet, VERX has $252.5M in cash with $350.1M in obligations. The ability to service this debt comfortably depends on continued operational cash generation. Annual free cash flow of $99.5M supports ongoing capital allocation decisions and provides a cushion against unexpected expenses or downturns. Return on equity stands at -2.9%, which is negative for the sector. ROE measures how effectively a company uses shareholder capital to generate profits. ROA of 0.5% is on the lower side, which is common in asset-heavy industries. Revenue has grown from $491.6M (2022) to $748.4M (2025), reflecting a 52% increase over the period.

As with any equity investment, VERX carries market risk, sector-specific risk, and company-specific risk that investors should evaluate in the context of their own portfolios. Understanding these risk dimensions helps frame what to watch going forward as conditions evolve for Vertex, Inc. and its sector.

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