Vertex, Inc.(VERX) Stock Research - Grey Stern Research

Vertex, Inc. (VERX) Stock Analysis

$56.92 (4.17%)

VERX Financial Performance


Use the table below to view Vertex, Inc.'s financial profile. This data is gathers from the latest available financial statements. Annual data is taken from the trailing 12 months of statements. All numbers are reported in US Dollars and so any foreign currencies are converted to USD so comparison's can be done.

Based on Financial Statements from Q3 - 2024

Metric Value Ranking among Peers
Price $56.92 -
52 Week Low $23.31 -
52 Week High $57.74 -
Market Cap $8.9 Billion 2/17
Gross Margin 65% 10/17
Profit Margin 4% 4/17
EBITDA margin 6% 5/17
Q3 - 2024 Revenue $170.4 Million 5/17
Q3 - 2024 Earnings $7.2 Million 4/17
Q3 - 2024 Free Cash Flow $46.0 Million 4/17
Trailing 4 Quarters Revenue $643.2 Million 5/17
Trailing 4 Quarters Earnings $30.4 Million 3/17
Quarterly Earnings Growth 312% 1/17
Annual Earnings Growth 226% 1/17
Quarterly Revenue Growth 18% 3/17
Annual Revenue Growth 14% 4/17
Cash On Hand $279.0 Million 4/17
Short Term Debt $4.0 Million 12/17
Long Term Debt $13.6 Million 13/17

Vertex, Inc. Financial Metrics


Financial metrics are a set of useful numbers that can give key performance indicators of a company. The various metrics can include information about profitability, growth, and debt load. When combined and use properly they can tell an analyst a compelling fact-based story of how the company is currently performing. To compare Vertex, Inc.'s metrics versus it's peers make sure to run our peer analysis tool.

Valuation Metrics

Metric Value Ranking among Peers
PE 291.99 3/17
PS 13.80 3/17
PB 34.27 1/17
PC 31.82 5/17
Liabilities to Equity 3.60 1/17
ROA 0.03 2/17
ROE 0.12 2/17
Current Ratio 1.28 16/17
Quick Ratio 0.31 13/17
Long Term Debt to Equity 0.05 10/17
Debt to Equity 0.07 12/17
Burn Rate -49.03 17/17
Cash to Cap 0.03 12/17
CCR 6.37 4/17
EV to EBITDA 852.21 6/17
EV to Revenue 13.39 3/17

Company Details

Vertex, Inc. provides tax technology solutions for corporations in retail, communication, leasing, and manufacturing industries in the United States and internationally. It offers tax determination, compliance and reporting, tax data management, document management, pre-built integration, and industry-specific solutions. The company sells its software products through software license and software as a service subscriptions. It also provides implementation and training services in connection with its software license and cloud subscriptions, transaction tax returns outsourcing, and other tax-related services. Vertex, Inc. was founded in 1978 and is headquartered in King of Prussia, Pennsylvania.

CEO: Mr. David DeStefano

Website: https://www.vertexinc.com

Address: 2301 Renaissance Boulevard King of Prussia, PA

Exchange: NASDAQ Global Market

Industry: Software—Application

Vertex, Inc. Peer Analysis


A useful and more reliable way of seeing the health of a company is to compare it to other companies operating in the same sector. Below is our list of companies which we rank are the closest peers to Vertex, Inc.. If you feel that peers should be added or removed from this list please contact us. To run an in-depth peer analysis which compares many financial metrics click on the link below.

Stock Ticker Market Cap
PROS Holdings, Inc. PRO $1.1 Billion
Guidewire Software, Inc. GWRE $17.0 Billion
Envestnet, Inc. ENV $3.5 Billion
Model N, Inc. MODN $1.2 Billion
MiX Telematics Limited MIXT $322.4 Million
nCino, Inc. NCNO $4.8 Billion
Alkami Technology, Inc. ALKT $3.9 Billion
DoubleVerify Holdings, Inc. DV $3.5 Billion
Sprinklr, Inc. CXM $2.1 Billion
CS Disco, Inc. LAW $350.5 Million
MeridianLink, Inc. MLNK $1.7 Billion
Momentive Global Inc. MNTV $1.4 Billion
PowerSchool Holdings, Inc. PWSC $3.8 Billion
Clearwater Analytics Holdings, Inc. CWAN $7.3 Billion
Expensify, Inc. EXFY $305.1 Million
Enfusion, Inc. ENFN $956.0 Million
Run Peer Analysis
Income Statement
Balance Sheet
Cash Flow Statement
VERX Income Statements
Quarter Year Revenue Earnings
Q3 2024 $ 170.4 Million $7.2 Million
Q2 2024 $ 161.1 Million $5.2 Million
Q1 2024 $ 156.8 Million $2.7 Million
Q4 2023 $ 154.9 Million $15.3 Million
Q3 2023 $ 145.0 Million -$3.4 Million
Q2 2023 $ 139.7 Million -$6.9 Million
Q1 2023 $ 132.8 Million -$18.1 Million
Q4 2022 $ 131.1 Million -$5.3 Million

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VERX Balance Sheets
Quarter Year Cash & Equivalents Total Assets Total Debt Total Equity
Q3 2024 $279.0 Million $1.2 Billion $17.5 Million $259.0 Million
Q2 2024 $360.9 Million $1.0 Billion $352.4 Million $233.1 Million
Q1 2024 $56.1 Million $755.8 Million $65.2 Million $250.1 Million
Q4 2023 $68.2 Million $759.9 Million $22.9 Million $253.0 Million
Q3 2023 $49.5 Million $720.1 Million $69.2 Million $220.2 Million
Q2 2023 $41.9 Million $725.1 Million $70.8 Million $225.7 Million
Q1 2023 $68.6 Million $725.5 Million $71.9 Million $223.5 Million
Q4 2022 $91.8 Million $719.2 Million $73.5 Million $229.7 Million

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VERX Cash Flow Statements
Quarter Year freeCashFlow capitalExpenditure netChangeInCash
Q3 2024 $46.0 Million -$6.7 Million -$55.6 Million
Q2 2024 $25.7 Million -$20.8 Million $268.3 Million
Q1 2024 $4.5 Million -$20.1 Million $3.5 Million
Q4 2023 $27.8 Million -$18.8 Million $8.0 Million
Q3 2023 $9.1 Million -$18.5 Million $9.1 Million
Q2 2023 -$21.2 Million -$13.6 Million -$22.6 Million
Q1 2023 -$10.6 Million -$17.3 Million -$12.1 Million
Q4 2022 $23.7 Million -$20.2 Million $10.5 Million

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