VERX - Vertex, Inc.
Price:
--
--
|
CONSENSUS:
Buy
DETAILS
|
PRICE TARGET:
$18.44
DETAILS
HIGH:
$25.00
LOW:
$14.00
MEDIAN:
$19.00
CONSENSUS:
$18.44
UPSIDE:
37.20%
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ||||||||
| Revenue | 748.4 | 666.8 | 572.4 | 491.6 | 425.5 | 374.7 | 321.5 | 272.4 |
| Cost of Revenue | 293.9 | 240.7 | 223.8 | 193.1 | 161.9 | 165.4 | 110.4 | 95.7 |
| Gross Profit | 454.5 | 426.1 | 348.6 | 298.5 | 263.7 | 209.3 | 211.1 | 176.7 |
| Operating Expenses | ||||||||
| R&D Expenses | 83.7 | 66.7 | 58.2 | 41.9 | 44.0 | 54.3 | 30.6 | 23.8 |
| SG&A Expenses | 368.4 | 323.4 | 286.2 | 247.0 | 206.0 | 248.5 | 139.1 | 115.8 |
| Other Expenses | 10.3 | 38.3 | 21.7 | 17.7 | 16.6 | 11.2 | 9.6 | 7.2 |
| Operating Expenses | 462.4 | 428.4 | 366.1 | 306.6 | 266.6 | 314.0 | 179.3 | 146.8 |
| Operating Income | ||||||||
| Operating Income | (7.8) | (2.2) | (17.5) | (8.1) | (2.9) | (104.8) | 31.9 | (2.8) |
| Interest Expense | 0 | 0 | 4.2 | 2.0 | 1.0 | 3.1 | 2.0 | 2.1 |
| Interest Income | 5.2 | 4.1 | 0 | 0 | 0 | 0 | 1.1 | 0.5 |
| Profitability | ||||||||
| EBITDA | 104.5 | 102.0 | 57.0 | 53.1 | 41.8 | (72.5) | 57.0 | 22.1 |
| EBIT | 7.6 | 15.3 | (17.5) | (8.1) | (2.9) | (104.8) | 31.9 | (2.8) |
| Income Before Tax | 7.6 | 1.9 | (21.7) | (10.1) | (3.9) | (107.9) | 30.9 | (4.4) |
| Income Tax Expense | 0.4 | 54.6 | (8.6) | 2.2 | (2.4) | (32.8) | (0.2) | 1.7 |
| Net Income | 7.2 | (52.7) | (13.1) | (12.3) | (1.5) | (75.1) | 31.1 | (6.1) |
| Per Share Data | ||||||||
| EPS (Basic) | 0.05 | -0.34 | -0.09 | -0.08 | -0.01 | -0.60 | 0.21 | -0.05 |
| EPS (Diluted) | 0.04 | -0.34 | -0.09 | -0.08 | -0.01 | -0.60 | 0.21 | -0.05 |
| Shares Outstanding | 144.2 | 155.1 | 151.9 | 149.6 | 147.8 | 131.5 | 146.2 | 124.3 |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Current Assets | ||||||||
| Cash & Cash Equivalents | 314.0 | 296.1 | 68.2 | 91.8 | 73.3 | 303.1 | 75.9 | 55.8 |
| Short-Term Investments | 0 | 9.2 | 9.5 | 11.2 | 0 | 0 | 0 | 0 |
| Net Receivables | 183.4 | 164.4 | 141.8 | 102.9 | 76.9 | 77.2 | 70.4 | 62.2 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Current Assets | 24.3 | 34.1 | 25.0 | 14.9 | 24.9 | 9.2 | 7.6 | 14.2 |
| Total Current Assets | 560.7 | 536.3 | 266.6 | 243.1 | 195.7 | 402.7 | 165.6 | 132.3 |
| Non-Current Assets | ||||||||
| Property, Plant & Equipment | 219.4 | 189.5 | 115.3 | 118.3 | 118.6 | 56.6 | 54.7 | 49.5 |
| Goodwill | 396.0 | 357.8 | 257.8 | 251.8 | 270.0 | 16.3 | 0 | 0 |
| Intangible Assets | 35.5 | 41.5 | 41.2 | 44.2 | 36.1 | 34.4 | 32.1 | 23.1 |
| Long-Term Investments | 15 | 0 | 0 | 0 | 0 | 0 | 0 | 8.8 |
| Other Non-Current Assets | 44.2 | 41.6 | 37.2 | 30.8 | 14.5 | 15.0 | 12.0 | 10.2 |
| Total Non-Current Assets | 710.1 | 630.5 | 493.3 | 476.0 | 474.5 | 156.1 | 99.1 | 82.8 |
| Total Assets | 1,270.8 | 1,166.8 | 759.9 | 719.2 | 670.2 | 558.8 | 264.6 | 215.1 |
| Current Liabilities | ||||||||
| Account Payables | 37.6 | 36.2 | 23.6 | 14.3 | 13 | 8.9 | 10.7 | 6.9 |
| Short-Term Debt | 4.3 | 0 | 2.5 | 2.2 | 0 | 0 | 50.8 | 4.9 |
| Deferred Revenue | 382.8 | 339.3 | 290.1 | 268.8 | 237.3 | 207.6 | 191.7 | 163.9 |
| Other Current Liabilities | 91.4 | 108.0 | 63.7 | 64.6 | 74.4 | 35.4 | 39.6 | 25.5 |
| Total Current Liabilities | 574.7 | 537.4 | 440.8 | 403.2 | 369.1 | 292.0 | 334.5 | 238.8 |
| Non-Current Liabilities | ||||||||
| Long-Term Debt | 346.4 | 335.2 | 44.1 | 46.7 | 0 | 0 | 0.7 | 50.0 |
| Deferred Tax Liabilities | 5.7 | 9.9 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Current Liabilities | 71.0 | 87.5 | 2.9 | 8.8 | 34.9 | 22.5 | 27.8 | 23.3 |
| Total Non-Current Liabilities | 437.3 | 450.1 | 66.2 | 86.3 | 71.0 | 37.5 | 42.5 | 88.0 |
| Total Liabilities | 1,011.9 | 987.4 | 506.9 | 489.5 | 440.1 | 329.4 | 377.1 | 326.8 |
| Stockholders' Equity | ||||||||
| Common Stock | 0.2 | 0.2 | 0.2 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 |
| Retained Earnings | (46.1) | (53.3) | (0.6) | 12.5 | 24.8 | 25.8 | (90.7) | (88.0) |
| Accumulated Other Comprehensive Income | (1.4) | (45.9) | (21.7) | (27.8) | (17.5) | (3.1) | (0.5) | (0.5) |
| Total Stockholders' Equity | 258.9 | 179.4 | 253.0 | 229.7 | 230.1 | 229.3 | (112.4) | (111.7) |
| Total Liabilities & Equity | 1,270.8 | 1,166.8 | 759.9 | 719.2 | 670.2 | 558.8 | 264.6 | 215.1 |
| Debt Metrics | ||||||||
| Total Debt | 359.6 | 351.9 | 67.0 | 73.5 | 28.6 | 1.1 | 51.5 | 54.9 |
| Net Debt | 45.6 | 55.8 | (1.2) | (18.3) | (44.7) | (301.9) | (24.4) | (1.0) |
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||
| Net Income | 7.2 | (52.7) | (13.1) | (12.3) | (1.5) | (75.1) | 31.1 | (6.1) |
| Depreciation & Amortization | 96.9 | 86.7 | 74.5 | 61.2 | 44.8 | 32.2 | 25.2 | 24.9 |
| Stock-Based Compensation | 57.8 | 47.4 | 33.9 | 19.7 | 26.2 | 147.9 | 9.5 | 5.1 |
| Change in Working Capital | 17.8 | 11.8 | (19.7) | (11.2) | 18.9 | 8.8 | 26.1 | 22.5 |
| Other Non-Cash Items | (8.8) | 20.5 | 10.3 | 7.8 | 5.0 | (20.8) | 1.5 | 33.2 |
| Operating Cash Flow | 165.5 | 164.8 | 74.3 | 63.8 | 90.3 | 59.5 | 92.5 | 80.4 |
| Investing Activities | ||||||||
| Capital Expenditure | (96.2) | (65.8) | (68.2) | (60.4) | (43.4) | (32.8) | (37.6) | (33.3) |
| Acquisitions | 0 | (71.8) | 0 | (0.5) | (251.4) | (11.6) | 0 | 0 |
| Purchases of Investments | (2.4) | (16.0) | (16.3) | (16.5) | 0 | 0 | 0 | 0 |
| Sales/Maturities of Investments | 11.6 | 16.7 | 18.4 | 5.4 | 0 | 0 | 0 | 0 |
| Other Investing Activities | (36.7) | (21.3) | (19.0) | (14.9) | (11.7) | (11.8) | (17.2) | (12.3) |
| Investing Cash Flow | (123.7) | (158.2) | (66.2) | (72.0) | (294.8) | (44.4) | (37.6) | (33.3) |
| Financing Activities | ||||||||
| Net Debt Issuance | (4.4) | 294.1 | (2.3) | 47.7 | (1.0) | (51.3) | (5.6) | (3.3) |
| Stock Repurchased | (10.1) | 0 | 0 | 0 | 0 | 0 | (0.8) | (1.3) |
| Dividends Paid | 0 | 0 | 0 | (0.5) | (2.7) | (146.1) | (28.6) | (28.0) |
| Other Financing Activities | (30.2) | (74.3) | (24.2) | (30.1) | (5.4) | (12.0) | 4.3 | 1.9 |
| Financing Cash Flow | (32.8) | 231.3 | (26.5) | 17.1 | (9.1) | 213.6 | (30.6) | (30.7) |
| Cash Position | ||||||||
| Net Change in Cash | 12.2 | 236.9 | (17.6) | 8.5 | (214.1) | 228.8 | 24.3 | 16.0 |
| Cash at Beginning | 326.1 | 89.2 | 106.7 | 98.2 | 312.3 | 83.5 | 59.2 | 43.1 |
| Cash at End | 338.3 | 326.1 | 89.2 | 106.7 | 98.2 | 312.3 | 83.5 | 59.2 |
| Free Cash Flow | 69.3 | 99.1 | 6.1 | 3.4 | 46.9 | 26.7 | 54.9 | 47.1 |
| Key Metrics | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 |
|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||
| Revenue | 748.4 | 666.8 | 572.4 | 491.6 | 425.5 | 374.7 | 321.5 | 272.4 |
| Gross Profit | 454.5 | 426.1 | 348.6 | 298.5 | 263.7 | 209.3 | 211.1 | 176.7 |
| Operating Income | (7.8) | (2.2) | (17.5) | (8.1) | (2.9) | (104.8) | 31.9 | (2.8) |
| Net Income | 7.2 | (52.7) | (13.1) | (12.3) | (1.5) | (75.1) | 31.1 | (6.1) |
| EPS (Diluted) | 0.04 | -0.34 | -0.09 | -0.08 | -0.01 | -0.60 | 0.21 | -0.05 |
| Balance Sheet | ||||||||
| Cash & Equivalents | 314.0 | 296.1 | 68.2 | 91.8 | 73.3 | 303.1 | 75.9 | 55.8 |
| Total Assets | 1,270.8 | 1,166.8 | 759.9 | 719.2 | 670.2 | 558.8 | 264.6 | 215.1 |
| Total Debt | 359.6 | 351.9 | 67.0 | 73.5 | 28.6 | 1.1 | 51.5 | 54.9 |
| Stockholders' Equity | 258.9 | 179.4 | 253.0 | 229.7 | 230.1 | 229.3 | (112.4) | (111.7) |
| Cash Flow | ||||||||
| Operating Cash Flow | 165.5 | 164.8 | 74.3 | 63.8 | 90.3 | 59.5 | 92.5 | 80.4 |
| Capital Expenditure | (96.2) | (65.8) | (68.2) | (60.4) | (43.4) | (32.8) | (37.6) | (33.3) |
| Free Cash Flow | 69.3 | 99.1 | 6.1 | 3.4 | 46.9 | 26.7 | 54.9 | 47.1 |