Vertex, Inc. (VERX) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Sales/Revenue | 196.65M | 194.71M | 192.11M | 184.56M | 177.06M | 178.46M | 170.44M | 161.1M | 156.78M | 154.91M | 145.03M | 139.69M | 132.75M | 131.13M | 126.24M | 119.28M | 114.98M | 111.66M | 110.72M | 104.94M |
| Revenue Growth % | 11.06% | 9.11% | 12.72% | 14.56% | 12.94% | 15.2% | 17.52% | 15.33% | 18.1% | 18.14% | 14.88% | 17.12% | 15.45% | 17.44% | 14.02% | 13.66% | 17.05% | 12.17% | 17.03% | 14.97% |
| Cost of Goods Sold | 79.78M | 75.58M | 70.8M | 63.36M | 64.07M | 61.34M | 59.91M | 58.42M | 60.99M | 61.31M | 56.87M | 53.88M | 51.75M | 49.48M | 50.66M | 48.13M | 44.87M | 43.64M | 43.94M | 37.38M |
| COGS % of Revenue | 40.57% | 38.82% | 36.85% | 34.33% | 36.18% | 34.37% | 35.15% | 36.26% | 38.9% | 39.58% | 39.21% | 38.57% | 38.98% | 37.73% | 40.13% | 40.35% | 39.02% | 39.09% | 39.68% | 35.62% |
| Gross Profit | 116.86M | 119.13M | 121.32M | 121.2M | 112.99M | 117.12M | 110.52M | 102.69M | 95.79M | 93.6M | 88.16M | 85.82M | 81M | 81.65M | 75.58M | 71.15M | 70.12M | 68.01M | 66.78M | 67.56M |
| Gross Margin % | 59.43% | 61.18% | 63.15% | 65.67% | 63.82% | 65.63% | 64.85% | 63.74% | 61.1% | 60.42% | 60.79% | 61.43% | 61.02% | 62.27% | 59.87% | 59.65% | 60.98% | 60.91% | 60.32% | 64.38% |
| Gross Profit Growth % | 3.43% | 1.72% | 9.76% | 18.03% | 17.96% | 25.13% | 25.37% | 19.66% | 18.26% | 14.64% | 16.64% | 20.62% | 15.53% | 20.04% | 13.18% | 5.31% | 14.38% | 7.39% | 43.19% | 36.41% |
| Operating Expenses | 119.82M | 117.49M | 117M | 125.06M | 108.51M | 130.22M | 105.63M | 95.14M | 97.36M | 96.09M | 90.17M | 89.89M | 89.93M | 85.03M | 76.45M | 75.44M | 69.65M | 68.03M | 70.39M | 69.02M |
| OpEx % of Revenue | 60.93% | 60.34% | 60.9% | 67.76% | 61.28% | 72.97% | 61.98% | 59.06% | 62.1% | 62.03% | 62.18% | 64.35% | 67.75% | 64.85% | 60.56% | 63.25% | 60.57% | 60.93% | 63.58% | 65.77% |
| Selling, General & Admin | 106.97M | 93.3M | 90.8M | 91.85M | 93.18M | 87.35M | 83.61M | 76.42M | 76.03M | 73.91M | 69.3M | 72.92M | 70.05M | 66.78M | 61.93M | 62.06M | 56.21M | 54.39M | 56.9M | 49.73M |
| SG&A % of Revenue | 54.4% | 47.92% | 47.26% | 49.77% | 52.63% | 48.95% | 49.06% | 47.43% | 48.5% | 47.71% | 47.79% | 52.2% | 52.76% | 50.93% | 49.06% | 52.03% | 48.88% | 48.71% | 51.39% | 47.39% |
| Research & Development | 24.55M | 22.32M | 37.72M | 20.58M | 20.89M | 19.59M | 15.62M | 14.61M | 16.84M | 12.9M | 16.77M | 12.68M | 15.86M | 11.58M | 10.35M | 10.31M | 9.63M | 10.75M | 9.88M | 11.93M |
| R&D % of Revenue | 12.48% | 11.46% | 19.63% | 11.15% | 11.8% | 10.98% | 9.17% | 9.07% | 10.74% | 8.33% | 11.56% | 9.08% | 11.95% | 8.83% | 8.2% | 8.64% | 8.38% | 9.63% | 8.92% | 11.36% |
| Other Operating Expenses | -1000K | 1000K | -1000K | 1000K | -1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Operating Income | -2.95M | 1.64M | 4.32M | -3.86M | 4.49M | -13.1M | 4.9M | 7.54M | -1.56M | -2.49M | -2.02M | -4.07M | -8.93M | -3.38M | -871K | -4.3M | 468K | -14K | -3.61M | -1.46M |
| Operating Margin % | -1.5% | 0.84% | 2.25% | -2.09% | 2.53% | -7.34% | 2.87% | 4.68% | -1% | -1.61% | -1.39% | -2.91% | -6.73% | -2.58% | -0.69% | -3.6% | 0.41% | -0.01% | -3.26% | -1.39% |
| Operating Income Growth % | -165.8% | 112.51% | -11.76% | -151.21% | 386.65% | -426.05% | 342.62% | 285.29% | 82.47% | 26.37% | -131.69% | 5.21% | -2007.91% | -24064.29% | 75.9% | -194.65% | -78.17% | -100.56% | 92.77% | 94.97% |
| EBITDA | 25.14M | 27.77M | 6.02M | 20.58M | 27.76M | 9.19M | 10.11M | 28.92M | 20.38M | 17.82M | 17.31M | 13.81M | 8.01M | 12.44M | 13.92M | 13.33M | 13.37M | 12.87M | 10.59M | 1.42M |
| EBITDA Margin % | 12.78% | 14.26% | 3.13% | 11.15% | 15.68% | 5.15% | 5.93% | 17.95% | 13% | 11.51% | 11.93% | 9.88% | 6.04% | 9.49% | 11.03% | 11.18% | 11.63% | 11.52% | 9.57% | 1.35% |
| EBITDA Growth % | -9.44% | 202.08% | -40.49% | -28.84% | 36.22% | -48.41% | -41.59% | 109.47% | 154.3% | 43.25% | 24.32% | 3.56% | -40.09% | -3.3% | 31.45% | 838.94% | 22.03% | 15.68% | 125.32% | 106.76% |
| D&A (Non-Cash Add-back) | 28.09M | 26.13M | 1.7M | 24.45M | 23.27M | 22.3M | 5.21M | 21.38M | 21.94M | 20.31M | 19.33M | 17.88M | 16.94M | 15.82M | 14.79M | 17.63M | 12.91M | 12.88M | 14.21M | 2.88M |
| EBIT | -2.95M | -1.38M | 5.57M | -1.56M | -10.21M | 4.4M | 4.9M | 7.54M | -1.56M | -2.49M | -2.02M | -4.07M | -8.93M | -3.38M | -871K | -4.3M | 468K | -14K | -3.61M | -1.46M |
| Net Interest Income | 957K | 1.24M | 1.25M | 1.23M | 1.54M | 1.67M | 2.94M | -181K | -286K | -4.02M | -597K | 105K | 350K | -969K | -361K | -724K | 6K | -313K | -521K | 385K |
| Interest Income | 957K | 1.24M | 1.25M | 1.23M | 1.54M | 1.67M | 2.94M | 0 | 0 | 0 | 0 | 105K | 350K | 0 | 0 | 0 | 6K | 0 | 0 | 385K |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 181K | 286K | 4.02M | 597K | 0 | 0 | 969K | 361K | 724K | 0 | 313K | 521K | 0 |
| Other Income/Expense | -6.7M | -3.01M | 1.25M | 1.23M | 1.54M | 1.67M | 2.94M | -181K | -286K | -4.02M | -597K | 105K | 350K | -969K | -361K | -724K | 6K | -313K | -521K | 385K |
| Pretax Income | -9.65M | -1.38M | 5.57M | -2.64M | 6.03M | -11.44M | 7.83M | 7.36M | -1.85M | -6.51M | -2.62M | -3.97M | -8.58M | -4.35M | -1.23M | -5.02M | 474K | -327K | -4.13M | -1.07M |
| Pretax Margin % | -4.91% | -0.71% | 2.9% | -1.43% | 3.4% | -6.41% | 4.6% | 4.57% | -1.18% | -4.2% | -1.8% | -2.84% | -6.46% | -3.32% | -0.98% | -4.21% | 0.41% | -0.29% | -3.73% | -1.02% |
| Income Tax | -7.14M | 5.63M | 1.52M | -1.68M | -5.11M | 56.36M | 613K | 2.2M | -4.54M | -21.85M | 784K | 2.93M | 9.55M | 957K | -91K | 500K | 808K | 300K | -187K | -1.88M |
| Effective Tax Rate % | 73.99% | -409.31% | 27.31% | 63.54% | -84.73% | -492.74% | 7.82% | 29.88% | 245% | 335.44% | -29.98% | -73.83% | -111.35% | -21.99% | 7.39% | -9.96% | 170.46% | -91.74% | 4.52% | 175.3% |
| Net Income | -2.51M | -7M | 4.04M | -961K | 11.13M | -67.8M | 7.22M | 5.16M | 2.68M | 15.33M | -3.4M | -6.9M | -18.13M | -5.31M | -1.14M | -5.52M | -334K | -627K | -3.95M | 808K |
| Net Margin % | -1.28% | -3.6% | 2.11% | -0.52% | 6.29% | -37.99% | 4.24% | 3.21% | 1.71% | 9.9% | -2.34% | -4.94% | -13.66% | -4.05% | -0.9% | -4.63% | -0.29% | -0.56% | -3.57% | 0.77% |
| Net Income Growth % | -122.55% | 89.67% | -43.98% | -118.61% | 314.68% | -542.14% | 312.44% | 174.88% | 114.8% | 388.83% | -197.9% | -24.93% | -5328.74% | -746.73% | 71.1% | -783.17% | -114.6% | -372.61% | 81.23% | 102.78% |
| Net Income (Continuing) | -2.51M | -7M | 4.04M | -961K | 11.13M | -67.8M | 7.22M | 5.16M | 2.68M | 15.33M | -3.4M | -6.9M | -18.13M | -5.31M | -1.14M | -5.52M | -334K | -627K | -3.95M | 808K |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| EPS (Diluted) | -0.01 | -0.04 | 0.02 | -0.01 | 0.07 | -0.43 | 0.05 | 0.03 | 0.02 | 0.10 | -0.02 | -0.05 | -0.12 | -0.04 | -0.01 | -0.04 | -0.00 | -0.00 | -0.03 | 0.01 |
| EPS Growth % | -120.43% | 90.7% | -50.2% | -120% | 250% | -537.88% | 350% | 160% | 116.67% | 345.5% | -100% | -35.5% | - | - | 62.41% | -469% | -122% | - | 82.27% | 105% |
| EPS (Basic) | -0.01 | -0.04 | 0.03 | -0.01 | 0.07 | -0.43 | 0.05 | 0.03 | 0.02 | 0.10 | -0.02 | -0.05 | -0.12 | -0.04 | -0.01 | -0.04 | -0.00 | -0.00 | -0.03 | 0.01 |
| Diluted Shares Outstanding | 175.07M | 175.07M | 162.17M | 158.92M | 159M | 157.67M | 144.42M | 172.13M | 160.58M | 156.22M | 152.08M | 151.48M | 150.68M | 150.14M | 149.79M | 149.49M | 149.16M | 148.86M | 148.16M | 157.51M |
| Basic Shares Outstanding | 175.07M | 175.07M | 162.18M | 158.92M | 159M | 157.67M | 155.63M | 172.13M | 154.22M | 153.04M | 152.08M | 151.48M | 150.68M | 150.14M | 149.79M | 149.49M | 149.16M | 148.86M | 148.16M | 147.53M |
| Dividend Payout Ratio | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 334.16% |