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Vertex, Inc. key statistics and ratios

In fiscal 2025, Vertex, Inc. had return on equity of 3.3% and a net margin of 1.0%. Each ratio below is calculated from the figures on its income statement, balance sheet and cash flow pages.

Financial ratios

US$ thousands unless shown otherwise. Fiscal years, plus the last twelve months (LTM) when newer.

Fiscal year2018Dec 20182019Dec 20192020Dec 20202021Dec 20212022Dec 20222023Dec 20232024Dec 20242025Dec 2025LTMJun 2026
Net margin−2.2%9.7%−20.0%−0.3%−2.5%−2.3%−7.9%1.0%0.5%
Return on equity——−150.8%−0.6%−5.4%−5.4%−24.4%3.3%1.4%
Return on assets—11.7%−18.2%−0.2%−1.8%−1.8%−5.5%0.6%0.3%
Effective tax rate—−0.5%—————4.9%—
R&D as % of revenue8.7%9.5%14.5%10.3%8.5%10.2%10.0%11.2%11.6%
Dividends ÷ net income—92.0%———————

Returns use average equity or assets over the year. Return on equity is left blank when equity is negative or so small that the ratio says nothing (above ±200%); interest cover is left blank above 200 times. Price-based ratios such as P/E are on the valuation page.

Financial health

2 of 5 checks passed · June 30, 2026
What it owns · $1.2bn
Short-term assets $492mLonger-term assets $718m
What it owes, and who funded it · $1.2bn
Short-term liabilities $564mLonger-term liabilities $405mShareholders' equity $241m
  • Short-term assets cover short-term liabilities $492m of assets due within a year against $564m of liabilities due within a year.
  • Short-term assets cover long-term liabilities $492m short-term assets against $405m of longer-dated liabilities.
  • More cash than debt $230m of cash against $339m of debt.
  • Debt below 40% of shareholders' equity Debt is 140% of equity.
  • Debt burden no higher than five years ago Five-year comparison not available. Not assessable.
  • A year's operating cash flow covers at least 20% of debt $174m of operating cash flow against $339m of debt.
  • Operating profit covers interest at least five times over Interest not separately reported. Not assessable.

From Vertex, Inc.'s latest balance sheet as filed. Checks are fixed, documented rules (methodology), counted only where the company reports the figures — a dot means the filing doesn't break the item out. Descriptions of reported data, not advice.

Moat

56 /100

Moderate moat

How hard Vertex's competitive advantage looks for rivals to wear away, judged from 7 years of its own filings: returns on capital, pricing power, profit durability, cash conversion and discipline.

  • Returns on capital 13 / 20

    Cash operating profit has been a median 10.1% of total assets over 6 years.

  • Pricing power 20 / 20

    Gross margin has been a median 61.2%, moving by 1.8 percentage points (standard deviation) across 7 years.

  • Durability 10 / 20

    Operating margin has been a median -1.7%; its worst year was -11.8%.

  • Cash conversion 14 / 20

    Free cash flow was positive in 7 of 7 years, at a median 8.4% of revenue.

AI disruption exposure: High. In this industry, the core product is information work that AI systems increasingly perform. The score above includes a 15-point deduction for that exposure (71 before it).

A rules-based reading of reported figures, not a forecast and not investment advice. How the score is built: methodology.

Compare with peers

Head to head: SPSC vs VERXAPPN vs VERXIDCC vs VERX

More: Application Software stocks compared, Technology sector, rankings of US companies

Figures from Vertex, Inc.'s SEC filings (10-K and 10-Q), retrieved October 29, 2026. How we read and check them: methodology and data sources. Not investment advice. Back to Vertex, Inc.