# Vertex, Inc.: overview

VERX · Nasdaq · CIK 1806837 · [Technology](/sectors/technology.md) · fiscal year ends Dec 31

Pages: [Overview](/companies/verx.md) · [Financials](/companies/verx/financials.md) · [Filings](/companies/verx/filings.md) · [Insiders](/companies/verx/insiders.md)

Latest reported revenue: [$204.0m](/filings/0001104659-26-090420.md) for Q2 FY2026, three months to 2026-06-30, from the 10-Q filed Aug 4, 2026 (XBRL us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax, accession 0001104659-26-090420).

## Last eight quarters

| Line item | Unit | Q3 FY2024 (2024-09-30) | Q4 FY2024 (2024-12-31) | Q1 FY2025 (2025-03-31) | Q2 FY2025 (2025-06-30) | Q3 FY2025 (2025-09-30) | Q4 FY2025 (2025-12-31) | Q1 FY2026 (2026-03-31) | Q2 FY2026 (2026-06-30) |
| --- | --- | ---: | ---: | ---: | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [170](/filings/0001104659-25-105582.md) | [178 d](/filings/0001104659-26-019165.md) | [177](/filings/0001104659-26-057207.md) | [185](/filings/0001104659-26-090420.md) | [192](/filings/0001104659-25-105582.md) | [195 d](/filings/0001104659-26-019165.md) | [197](/filings/0001104659-26-057207.md) | [204](/filings/0001104659-26-090420.md) |
| Gross margin | % | [64.8%](/filings/0001104659-25-105582.md) | [65.6% d](/filings/0001104659-26-019165.md) | [63.8%](/filings/0001104659-26-057207.md) | [65.7%](/filings/0001104659-26-090420.md) | [63.1%](/filings/0001104659-25-105582.md) | [64.8% d](/filings/0001104659-26-019165.md) | [63.5%](/filings/0001104659-26-057207.md) | [64.4%](/filings/0001104659-26-090420.md) |
| Operating margin | % | [2.9%](/filings/0001104659-25-105582.md) | [(7.3%) d](/filings/0001104659-26-019165.md) | [2.5%](/filings/0001104659-26-057207.md) | [(2.1%)](/filings/0001104659-26-090420.md) | [2.2%](/filings/0001104659-25-105582.md) | [(1.3%) d](/filings/0001104659-26-019165.md) | [(5.4%)](/filings/0001104659-26-057207.md) | [(2.2%)](/filings/0001104659-26-090420.md) |
| Net margin | % | [4.2%](/filings/0001104659-25-105582.md) | [(38.0%) d](/filings/0001104659-26-019165.md) | [6.3%](/filings/0001104659-26-090420.md) | [(0.5%)](/filings/0001104659-26-090420.md) | [2.1%](/filings/0001104659-25-105582.md) | [(3.6%) d](/filings/0001104659-26-019165.md) | [(1.3%)](/filings/0001104659-26-090420.md) | [4.4%](/filings/0001104659-26-090420.md) |
| Diluted EPS | $ per share | not reported | not reported | not reported | not reported | not reported | not reported | not reported | not reported |
| Free cash flow | $m | [(24.3) d](/filings/0001104659-25-105582.md) | [41.1 d](/filings/0001104659-26-019165.md) | not reported | not reported | not reported | not reported | [16.0](/filings/0001104659-26-057207.md) | [30.9 d](/filings/0001104659-26-090420.md) |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax. Derived values: 12-month figure less the 9-month figure.
- Diluted EPS. XBRL not reported.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquireProductiveAssets. Derived values: 9-month figure less the 6-month figure; 12-month figure less the 9-month figure; 6-month figure less the 3-month figure.

## Last five fiscal years

| Line item | Unit | FY2021 (2021-12-31) | FY2022 (2022-12-31) | FY2023 (2023-12-31) | FY2024 (2024-12-31) | FY2025 (2025-12-31) |
| --- | --- | ---: | ---: | ---: | ---: | ---: |
| Revenue | $m | [426](/filings/0001558370-24-002192.md) | [492](/filings/0001558370-25-001820.md) | [572](/filings/0001104659-26-019165.md) | [667](/filings/0001104659-26-019165.md) | [748](/filings/0001104659-26-019165.md) |
| Gross margin | % | [62.0%](/filings/0001558370-24-002192.md) | [60.7%](/filings/0001558370-25-001820.md) | [60.9%](/filings/0001104659-26-019165.md) | [63.9%](/filings/0001104659-26-019165.md) | [64.3%](/filings/0001104659-26-019165.md) |
| Operating margin | % | [(0.7%)](/filings/0001558370-24-002192.md) | [(1.6%)](/filings/0001558370-25-001820.md) | [(3.1%)](/filings/0001104659-26-019165.md) | [(0.3%)](/filings/0001104659-26-019165.md) | [0.3%](/filings/0001104659-26-019165.md) |
| Net margin | % | [(0.3%)](/filings/0001558370-24-002192.md) | [(2.5%)](/filings/0001558370-25-001820.md) | [(2.3%)](/filings/0001104659-26-019165.md) | [(7.9%)](/filings/0001104659-26-019165.md) | [1.0%](/filings/0001104659-26-019165.md) |
| Diluted EPS | $ per share | not reported | not reported | not reported | not reported | not reported |
| Free cash flow | $m | [58.6](/filings/0001558370-24-002192.md) | [18.3](/filings/0001558370-25-001820.md) | [25.1](/filings/0001104659-26-019165.md) | [93.1](/filings/0001104659-26-019165.md) | not reported |

- Revenue. XBRL Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Gross margin (gross profit / revenue). XBRL Gross profit: us-gaap:GrossProfit; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Operating margin (operating income / revenue). XBRL Operating income: us-gaap:OperatingIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Net margin (net income / revenue). XBRL Net income: us-gaap:NetIncomeLoss; Revenue: us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.
- Diluted EPS. XBRL not reported.
- Free cash flow (operating cash flow − capital expenditure). XBRL Operating cash flow: us-gaap:NetCashProvidedByUsedInOperatingActivities; Capital expenditure: us-gaap:PaymentsToAcquirePropertyPlantAndEquipment; Capital expenditure: us-gaap:PaymentsToAcquireProductiveAssets.

Each value links to the filing it came from. d marks a derived value. A ratio is not reported when any input is missing.

## Insider purchases and sales

The last 20 open-market transactions on Form 4 (codes P and S). Reported price is as stated on the form, not a market price. [All insider transactions](/companies/verx/insiders.md)

None in coverage.

## Funds that report holding it

From each manager’s latest Form 13F, largest reported value first. Reported value is as filed: filing data, not a price. [All funds](/funds.md)

| Fund | Quarter ended | Reported value | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | --- | --- |
| [BlackRock, Inc.](/funds/2012383.md) | 2026-06-30 | $71.6m | 6,236,152 |  | Added +576,778 |
| [VANGUARD PORTFOLIO MANAGEMENT LLC](/funds/2100121.md) | 2026-06-30 | $57.2m | 4,984,133 |  | Added +203,452 |
| [MORGAN STANLEY](/funds/895421.md) | 2026-06-30 | $47.4m | 4,132,404 |  | Reduced −160,843 |
| [BROWN ADVISORY INC](/funds/1345929.md) | 2026-06-30 | $40.7m | 3,549,052 |  | Added +1,740,108 |
| [VANGUARD CAPITAL MANAGEMENT LLC](/funds/2100119.md) | 2026-06-30 | $36.4m | 3,173,883 |  | Added +58,426 |
| [Tensile Capital Management LP](/funds/1598843.md) | 2026-06-30 | $33.3m | 2,898,563 |  | Reduced −500,000 |
| [UBS Group AG](/funds/1610520.md) | 2026-06-30 | $32.7m | 2,849,520 | Call | Unchanged |
| [JPMORGAN CHASE & CO](/funds/19617.md) | 2026-06-30 | $28.8m | 2,528,044 |  | Reduced −843,126 |
| [D. E. Shaw & Co., Inc.](/funds/1009207.md) | 2026-06-30 | $25.1m | 2,189,827 |  | Added +550,905 |
| [WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC](/funds/1644956.md) | 2026-06-30 | $24.4m | 2,128,372 |  | Added +849,202 |

## Recent filings

[All 565 filings](/companies/verx/filings.md)

| Filed | Accepted | Form | What it is | Accession |
| --- | --- | --- | --- | --- |
| 2026-10-01 | 20:30 ET | [8-K](/filings/0001104659-26-112847.md) | 5.02 Departure or appointment of officers or directors; 9.01 Financial statements and exhibits | 0001104659-26-112847 |
| 2026-08-04 | 20:31 ET | [10-Q](/filings/0001104659-26-090420.md) | Quarterly report, period 2026-06-30 | 0001104659-26-090420 |
| 2026-08-03 | 20:15 ET | [8-K](/filings/0001104659-26-089802.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001104659-26-089802 |
| 2026-06-11 | 20:35 ET | [8-K](/filings/0001104659-26-072971.md) | 5.07 Shareholder vote results | 0001104659-26-072971 |
| 2026-05-07 | 20:36 ET | [10-Q](/filings/0001104659-26-057207.md) | Quarterly report, period 2026-03-31 | 0001104659-26-057207 |
| 2026-05-07 | 11:20 ET | [8-K](/filings/0001104659-26-056674.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001104659-26-056674 |
| 2026-04-28 | 20:30 ET | [8-K](/filings/0001104659-26-050407.md) | 2.05 Exit or disposal costs | 0001104659-26-050407 |
| 2026-04-27 | 20:15 ET | [DEF 14A](/filings/0001104659-26-049441.md) | Proxy statement, period 2026-06-10 | 0001104659-26-049441 |
| 2026-02-24 | 21:36 ET | [10-K](/filings/0001104659-26-019165.md) | Annual report, period 2025-12-31 | 0001104659-26-019165 |
| 2026-02-11 | 12:20 ET | [8-K](/filings/0001104659-26-013015.md) | 2.02 Results of operations; 9.01 Financial statements and exhibits | 0001104659-26-013015 |

## Latest annual report

[Form 10-K for the fiscal year ended Dec 31, 2025](/filings/0001104659-26-019165.md), filed Feb 24, 2026.

## Forecast league

Q3 FY2026, the quarter ended 2026-09-30, is open for forecasts until the first results filing for it is accepted by EDGAR. Results are due by \[object Promise\]. [Forecast this quarter](/leagues/2026q3/targets/e84d76c1-845b-4e2d-b30f-2bf043843fbc)

## About the filer

- CIK: 1806837
- Tickers: VERX
- Exchange: Nasdaq
- SIC code: 7372 Services-Prepackaged Software
- State of incorporation: DE
- Filer category: Large accelerated filer

Source: SEC EDGAR, XBRL company facts, the filing index and Forms 4. Last ingested by Listed: Oct 24, 2026, 15:48 ET. No prices; not investment advice.