Vertex, Inc. financial data

Symbol
VERX on Nasdaq
Industry
Services-Prepackaged Software
Location
2301 Renaissance Boulevard, King Of Prussia, PA
State of incorporation
DE
Fiscal year end
December 31
Latest financial report
10-Q - Q2 2024 - Aug 7, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 73.3 % +28.2%
Debt-to-equity 241 % +10%
Return On Equity 8.27 %
Return On Assets 2.43 %
Operating Margin 0.24 %

Shares

Label TTM Value / Value Unit Change %
Entity Public Float 836M USD +153%

Income Statement

Label TTM Value / Value Unit Change %
Revenue from Contract with Customer, Excluding Assessed Tax 618M USD +16.6%
Research and Development Expense 61.1M USD +21.1%
Selling and Marketing Expense 152M USD +12.4%
General and Administrative Expense 144M USD +5.25%
Operating Income (Loss) 1.47M USD
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -3.62M USD +80.1%
Income Tax Expense (Benefit) -23.4M USD -275%
Net Income (Loss) Attributable to Parent 19.8M USD

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 326M USD +678%
Accounts Receivable, after Allowance for Credit Loss, Current 120M USD -6.98%
Other Assets, Current 11.8M USD +19.8%
Assets, Current 515M USD +120%
Deferred Income Tax Assets, Net 61.9M USD +44.4%
Property, Plant and Equipment, Net 98.8M USD -0.16%
Operating Lease, Right-of-Use Asset 13.1M USD -21.2%
Goodwill 251M USD -1.83%
Other Assets, Noncurrent 13.8M USD -17.2%
Assets 1.02B USD +41.2%
Accounts Payable, Current 24.2M USD +10%
Employee-related Liabilities, Current 13.3M USD +7.45%
Accrued Liabilities, Current 41.8M USD -25.4%
Contract with Customer, Liability, Current 297M USD +8.47%
Liabilities, Current 439M USD +1.9%
Contract with Customer, Liability, Noncurrent 2.44M USD -17.7%
Operating Lease, Liability, Noncurrent 14.4M USD -21.5%
Liabilities 791M USD +58.3%
Accumulated Other Comprehensive Income (Loss), Net of Tax -29.1M USD -21.1%
Retained Earnings (Accumulated Deficit) 7.26M USD
Stockholders' Equity Attributable to Parent 233M USD +3.29%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 233M USD +3.29%
Liabilities and Equity 1.02B USD +41.2%

Popular Metrics

Label TTM Value / Value Unit Change %
Net Cash Provided by (Used in) Operating Activities 24.6M USD +604%
Net Cash Provided by (Used in) Financing Activities -1.15M USD +24.7%
Net Cash Provided by (Used in) Investing Activities -19.5M USD -36.6%
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 3.53M USD
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents 361M USD +401%
Interest Paid, Excluding Capitalized Interest, Operating Activities 443K USD +542%
Deferred Tax Assets, Valuation Allowance 5.94M USD +160%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent 0.21 pure 0%
Deferred Tax Assets, Gross 52.1M USD +5.74%
Operating Lease, Liability 20.3M USD -17.2%
Payments to Acquire Property, Plant, and Equipment 14.4M USD +43.8%
Comprehensive Income (Loss), Net of Tax, Attributable to Parent 14.7M USD
Lessee, Operating Lease, Liability, to be Paid 21.4M USD -17.9%
Property, Plant and Equipment, Gross 275M USD -11.7%
Operating Lease, Liability, Current 3.8M USD -14.7%
Lessee, Operating Lease, Liability, to be Paid, Year Two 4.49M USD +0.65%
Lessee, Operating Lease, Liability, to be Paid, Year One 4.23M USD -10.4%
Operating Lease, Weighted Average Discount Rate, Percent 0.02 pure 0%
Deferred Income Tax Expense (Benefit) -2.59M USD +80.1%
Lessee, Operating Lease, Liability, Undiscounted Excess Amount 1.13M USD -28.9%
Lessee, Operating Lease, Liability, to be Paid, Year Three 4.57M USD +4.18%
Preferred Stock, Shares Issued 0 shares
Preferred Stock, Shares Authorized 30M shares 0%
Lessee, Operating Lease, Liability, to be Paid, Year Four 4.64M USD +3.55%
Operating Lease, Payments 1.07M USD -19.2%
Additional Paid in Capital 255M USD -2.78%
Preferred Stock, Shares Outstanding 0 shares
Amortization of Intangible Assets 2.62M USD -18%
Deferred Tax Assets, Net of Valuation Allowance 46.2M USD -1.76%
Share-based Payment Arrangement, Expense 41.8M USD +43.8%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%