Vertex, Inc. financial data

Symbol
VERX on Nasdaq
Industry
Services-Prepackaged Software
Location
2301 Renaissance Boulevard, King Of Prussia, Pennsylvania
State of incorporation
Delaware
Fiscal year end
December 31
Latest financial report
Q1 2024 - May 8, 2024

Key Ratios

Label TTM Value / Value Unit Change %
Current Ratio 57.6 % -2.08%
Debt-to-equity 212 % -2.16%
Return On Equity 3.26 %
Return On Assets 1.04 %
Operating Margin -1.7 % +50.4%

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 596M USD +17.1%
Research and Development Expense 59.2M USD +23.1%
Selling and Marketing Expense 145M USD +8.51%
General and Administrative Expense 147M USD +15.7%
Operating Income (Loss) -10.1M USD +42%
Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest -14.9M USD +22.1%
Income Tax Expense (Benefit) -22.7M USD -308%
Net Income (Loss) Attributable to Parent 7.72M USD

Balance Sheet

Label TTM Value / Value Unit Change %
Cash and Cash Equivalents, at Carrying Value 56.1M USD -18.2%
Accounts Receivable, after Allowance for Credit Loss, Current 133M USD +29.6%
Other Assets, Current 11.8M USD +19.8%
Assets, Current 267M USD +13.5%
Deferred Income Tax Assets, Net 44.3M USD +1.77%
Property, Plant and Equipment, Net 101M USD +1.1%
Operating Lease, Right-of-Use Asset 13.8M USD -16.3%
Goodwill 254M USD -0.37%
Other Assets, Noncurrent 14.8M USD -13%
Assets 756M USD +4.17%
Accounts Payable, Current 22.4M USD +28.8%
Employee-related Liabilities, Current 18.7M USD +23.2%
Accrued Liabilities, Current 36.8M USD -34.2%
Contract with Customer, Liability, Current 297M USD +7.55%
Liabilities, Current 443M USD +4.87%
Contract with Customer, Liability, Noncurrent 4.15M USD -41.7%
Operating Lease, Liability, Noncurrent 15.5M USD -22.6%
Liabilities 506M USD +0.72%
Accumulated Other Comprehensive Income (Loss), Net of Tax -25.8M USD -4.68%
Retained Earnings (Accumulated Deficit) 2.1M USD
Stockholders' Equity Attributable to Parent 250M USD +11.9%
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest 250M USD +11.9%
Liabilities and Equity 756M USD +4.17%

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 92.7M USD -2.05%
Interest Paid, Excluding Capitalized Interest, Operating Activities 3.73M USD +67.9%
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 6.57M USD +91%
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 3.63M USD +15.7%
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
Deferred Federal Income Tax Expense (Benefit) -9.22M USD -1120%
Current Income Tax Expense (Benefit) 2.64M USD -21.1%
Preferred Stock, Shares Authorized 30M shares 0%
Lessee, Operating Lease, Liability, to be Paid, Year Four 4.64M USD +3.55%
Operating Lease, Payments 4.02M USD -5.21%
Additional Paid in Capital 274M USD +7.92%
Preferred Stock, Shares Outstanding 0 shares
Current State and Local Tax Expense (Benefit) 1.57M USD +46.8%
Current Federal Tax Expense (Benefit) -279K USD -116%
Amortization of Intangible Assets 2.72M USD -40%
Deferred Tax Assets, Net of Valuation Allowance 46.2M USD -1.76%
Share-based Payment Arrangement, Expense 38.8M USD +48%
Deferred State and Local Income Tax Expense (Benefit) -1.55M USD -2256%
Preferred Stock, Par or Stated Value Per Share 0 USD/shares 0%