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VERX · NASDAQ · Software - Application

Vertex

Automates indirect-tax determination, e-invoicing, returns, and reporting for global enterprises.

$14.23

After-hours close0.00 (0.00%)

At close$14.23(−0.52%)

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Profile

Vertex, Inc.VERXInformation Technology

Sells cloud and on-premise software for indirect-tax determination, e-invoicing, returns, document management, and analytics, alongside implementation and managed services. Most revenue comes from recurring subscriptions and U.S. customers, while delivery depends on continuously updated rules, enterprise-application integrations, and government e-invoicing infrastructure.

Automates transaction-based compliance through tax determination, e-invoicing and digital reporting, returns, document management, and analytics. O Series and cloud deployments calculate sales and use tax, VAT, GST, communications tax, payroll tax, and other charges in real time. Implementation, training, and managed services support deployment and filing.

Combines a proprietary database of tax rates and rules with prebuilt connections to ERP, billing, procurement, point-of-sale, and e-commerce systems. Taxamo covers cross-border digital commerce; ecosio and Brinta extend e-invoicing and compliance coverage in Europe and Latin America. Most revenue comes from software subscriptions and U.S. customers, while delivery depends on continually updated rules, enterprise-system integrations, and government e-invoicing infrastructure.

Company facts

CEOChristopher Young

ListedJul 29, 2020

ExchangeNASDAQ

HeadquartersKing of Prussia, PA

CountryUnited States

Employees2,100

CIK0001806837

ISINUS92538J1060

Key statistics

Market cap$2.31B

EPS (ttm)$0.0306

P/E (ttm)465.03

ROE1.4%

P/B9.52

P/S2.93

Dividend yield—

Beta0.50vs XLK −0.78

Year to date −25.2% · Average volume (30d) 2.4M

Analysts

Price target, next 12 months$16.00+12.4%Median of 18 analysts · vs the Aug 28 close

ConsensusBuy10 of 18 analysts rate it buy or better

Ratings

Strong buyBuyHoldSellStrong sell

Target range

Last close $14.23

High$21.00+47.6%

Median$16.00+12.4%

Low$12.00−15.7%

12 months agoNowIn 12 months

Latest analyst notes

Date	Firm	Action	Prior rating	Rating	Prior target	Target
Aug 4, 2026	DA Davidson	Reiterate		Neutral	$15	$12
Aug 4, 2026	Stephens	Target			$30	$18
Aug 4, 2026	Robert W. Baird	Target			$25	$17
Jul 21, 2026	Morgan Stanley	Downgrade	Overweight	Equal Weight	$19	$15
Jun 29, 2026	Cowen & Co.	Initiate		Buy

Earnings

EPS

Estimate$0.22

ReportedDue Nov 2, 2026

Revenue

Estimate$209.8M

ReportedDue Nov 2, 2026

History

Report date	EPS est	EPS	Surprise	Revenue est	Revenue	Surprise	Next session
Aug 3, 2026Q2 FY26	$0.19	$0.20	+4.8%	$202.2M	$204.0M	+0.9%	−7.54%
May 7, 2026Q1 FY26	$0.16	$0.17	+6.3%	$194.8M	$196.6M	+0.9%	+1.77%
Feb 11, 2026Q4 FY25	$0.17	$0.17	0.0%	$194.3M	$194.7M	+0.2%	−3.59%
Nov 3, 2025Q3 FY25	$0.17	$0.17	0.0%	$194.3M	$192.1M	−1.1%	−3.77%

View details

Financial highlights

	Q1 FY25	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26
Revenue	$177.1M	$184.6M	$192.1M	$194.7M	$196.6M	$204.0M
Gross profit	$113.0M	$121.2M	$121.3M	$119.1M	$116.9M	$131.3M
Operating income	$4.5M	−$3.9M	$4.3M	$1.6M	−$3.0M	−$4.4M
Net income	$11.1M	−$961.0K	$4.0M	−$7.0M	−$2.5M	$9.0M
Diluted EPS	$0.07	−$0.01	$0.02	−$0.04	−$0.01	$0.06
Gross margin	63.8%	65.7%	63.1%	61.2%	59.4%	64.4%
Operating margin	2.5%	-2.1%	2.2%	0.8%	-1.5%	-2.2%

Fiscal years (4-quarter sums)FY21 $425.5M · FY22 $491.6M · FY23 $572.4M · FY24 $666.8M · FY25 $748.4M

Revenue by product · Q2 FY26

Software Subscriptions$174.8M · 46%

Cloud Subscriptions$101.7M · 27%

Software Licenses$73.1M · 19%

Services$29.2M · 8%

Balance sheet, Jun 30, 2026Cash & short-term investments $230.5M · Total debt $349.9M · Total assets $1.21B · Shareholders' equity $241.1M

Dividends

No dividends on record.

Ownership

Institutions 46.89%76.07M sharesInsiders 1.87%3.04M sharesOther 51.24%83.11M shares

Shares outstanding 162.22M · Float 144.49M · 89.1% free float

Top shareholders13F · 13D/G · Form 4

Holder	Shares	% outstanding	Form	Filed
BlackRock, Inc.	6.24M	3.84%	13F	Aug 7, 2026
Vanguard Portfolio Management LLC	4.98M	3.07%	13F	Aug 13, 2026
Morgan Stanley	4.13M	2.55%	13F	Aug 13, 2026
Brown Advisory Inc	3.55M	2.19%	13F	Aug 14, 2026
Vanguard Capital Management LLC	3.17M	1.96%	13F	Aug 13, 2026

Insider tradesForm 4

Date	Insider	Role	Shares	Avg price
May 28, 2026	David DeStefano	director	−6,460	$12.75
Mar 9, 2026	ITEM SECOND IRR. TRUST FBO KYLE R. WESTPHAL u/a of JEFFREY R. WESTPHAL dated October 5, 2001	10 percent owner	+10,000	$15.05
Feb 23, 2026	Christopher David Young	director, officer: President and CEO	+60,000	$12.18
Feb 20, 2026	Eric C. Andersen	director	+40,000	$12.91
Feb 13, 2026	Jeffrey Westphal	other: See Remarks	+247,740	$13.08