Vertex (VERX)
Automates indirect-tax determination, e-invoicing, returns, and reporting for global enterprises.
$11.75
vs last close−0.04 (−0.38%)
In millions of USD, except per-share figures
| In millions | Q3 FY23Sep 2023 | Q4 FY23Dec 2023 | Q1 FY24Mar 2024 | Q2 FY24Jun 2024 | Q3 FY24Sep 2024 | Q4 FY24Dec 2024 | Q1 FY25Mar 2025 | Q2 FY25Jun 2025 | Q3 FY25Sep 2025 | Q4 FY25Dec 2025 | Q1 FY26Mar 2026 | Q2 FY26Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 145 | 155 | 157 | 161 | 170 | 178 | 177 | 185 | 192 | 195 | 197 | 204 |
| Cost of revenue | 57 | 61 | 61 | 58 | 60 | 61 | 64 | 63 | 71 | 76 | 80 | 73 |
| Gross profit | 88 | 94 | 96 | 103 | 111 | 117 | 113 | 121 | 121 | 119 | 117 | 131 |
| 90 | 96 | 97 | 95 | 106 | 130 | 109 | 125 | 117 | 117 | 120 | 136 | |
| Research & development | 17 | 13 | 17 | 15 | 16 | 20 | 21 | 21 | 38 | 22 | 25 | 25 |
| 69 | 74 | 76 | 76 | 84 | 87 | 93 | 92 | 91 | 93 | 107 | 103 | |
| Selling & marketing | 34 | 37 | 40 | 41 | 42 | 47 | 48 | 48 | 47 | 52 | 53 | 52 |
| General & administrative | 35 | 37 | 36 | 36 | 41 | 40 | 45 | 43 | 43 | 41 | 54 | 51 |
| Other expenses | 4 | 9 | 4 | 4 | 6 | 23 | −6 | 13 | −12 | 2 | −12 | 8 |
| Operating income | −2 | −2 | −2 | 8 | 5 | −13 | 4 | −4 | 4 | 2 | −3 | −4 |
| −1 | −4 | 0 | 0 | 3 | 2 | 2 | 1 | 1 | −3 | −7 | 49 | |
| Interest income | 0 | 0 | 0 | 0 | 3 | 2 | 2 | 1 | 1 | 1 | 1 | 0 |
| Interest expense | 1 | 4 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other non-operating income | 0 | 0 | 0 | 0 | −3 | −18 | 15 | −2 | −1 | 3 | 7 | 49 |
| Income before tax | −3 | −7 | −2 | 7 | 8 | −11 | 6 | −3 | 6 | −1 | −10 | 45 |
| Income tax expense | 1 | −22 | −5 | 2 | 1 | 56 | −5 | −2 | 2 | 6 | −7 | 36 |
| Net income from continuing operations | −3 | 15 | 3 | 5 | 7 | −68 | 11 | −1 | 4 | −7 | −3 | 9 |
| Net income | −3 | 15 | 3 | 5 | 7 | −68 | 11 | −1 | 4 | −7 | −3 | 9 |
| EPS, basic | −$0.02 | $0.10 | $0.02 | $0.03 | $0.05 | −$0.43 | $0.07 | −$0.01 | $0.02 | −$0.04 | −$0.01 | $0.06 |
| EPS, diluted | −$0.02 | $0.10 | $0.02 | $0.03 | $0.05 | −$0.43 | $0.07 | −$0.01 | $0.02 | −$0.04 | −$0.01 | $0.06 |
| Weighted average shares, basic | 152 | 153 | 154 | 172 | 144 | 158 | 159 | 159 | 162 | 175 | 175 | 161 |
| Weighted average shares, diluted | 152 | 156 | 161 | 172 | 144 | 158 | 159 | 159 | 162 | 175 | 175 | 161 |
| EBITDA | 17 | 18 | 20 | 29 | 13 | 27 | 13 | 23 | 7 | 25 | 18 | −16 |
| Depreciation & amortization | 19 | 20 | 22 | 21 | 5 | 22 | 23 | 24 | 2 | 26 | 28 | 37 |
| EBIT | −2 | −2 | −2 | 8 | 8 | 4 | −10 | −2 | 6 | −1 | −10 | −54 |