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Vertex VERX · USD

Information Technology · US listing · 🇺🇸 United States

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17.30

+1.29%

Close of 9 Nov 2026, in USD

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Reference data, closing prices and charts across 45,000 companies, plus crypto, commodities and currencies.

At a glance

Figures in USD, from our data supplier.

FY2025

Revenue

$748.4m

FY2018FY2025

Net income

$7.2m

FY2018FY2025

Free cash flow

$47.6m

FY2018FY2025

Shareholders' equity

$258.9m

FY2018FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Revenue$748.4m$666.8m$572.4m$491.6m$425.5m$374.7m$321.5m$272.4m
Gross profit$454.5m$426.1m$348.6m$298.5m$263.7m$209.3m$211.1m$176.7m
Research and development$83.7m$66.7m$58.2m$41.9m$44.0m$54.3m$30.6m$23.8m
Operating income−$7.8m−$2.2m−$20.6m−$8.1m−$2.9m−$104.8m$31.9m−$2.8m
Net income$7.2m−$52.7m−$13.1m−$12.3m−$1.5m−$75.1m$31.1m−$6.1m
Diluted earnings per share0.04-0.33-0.08-0.08-0.01-0.480.24-0.05

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Total assets$1.27bn$1.17bn$759.9m$719.2m$670.2m$558.8m$264.6m$215.1m
Cash and short-term investments$314.0m$305.2m$77.7m$103.0m$73.3m$303.1m$75.9m$55.8m
Total liabilities$1.01bn$987.4m$506.9m$489.5m$440.1m$329.4m$377.1m$326.8m
Debt$337.6m$335.3m$46.7m$49.0m$400,000$1.1m$51.5m$54.9m
Shareholders' equity$258.9m$179.4m$253.0m$229.7m$230.1m$229.3m−$112.4m−$111.7m
Shares outstanding175m158m156m150m149m156m130m121m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018
Cash from operations$165.5m$164.8m$74.3m$76.8m$92.0m$59.5m$92.5m$80.4m
Capital spending−$118.0m−$87.1m−$68.2m−$73.4m−$45.0m−$32.8m−$37.6m−$33.3m
Free cash flow$47.6m$77.7m$6.1m$3.4m$46.9m$26.7m$54.9m$47.1m
Dividends paid———−$536,000−$2.7m−$146.1m−$28.6m−$28.0m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
Revenue$204.0m$196.6m$194.7m$192.1m$184.6m$177.1m$178.5m$170.4m
Gross profit$131.3m$116.9m$119.1m$121.3m$121.2m$113.0m$117.1m$110.5m
Operating income−$4.4m−$3.0m$1.6m$4.3m−$3.9m$4.5m−$13.1m$4.9m
Net income$9.0m−$2.5m−$7.0m$4.0m−$961,000$11.1m−$67.8m$7.2m
Diluted earnings per share0.06-0.02-0.040.02-0.010.06-0.430.05
Cash from operations$33.0m$37.0m$42.0m$62.0m$46.0m$14.0m$41.0m$41.0m
Capital spending−$23.0m−$30.0m−$32.0m−$32.0m−$26.0m−$27.0m−$23.0m−$23.0m
Free cash flow$10.0m$7.0m$10.0m$30.0m$20.0m−$13.0m$18.0m$18.0m
Total assets$1.21bn$1.21bn$1.27bn$1.22bn$1.20bn$1.15bn$1.17bn$1.19bn
Cash and short-term investments$230.5m$252.5m$314.0m$313.5m$284.4m$270.4m$305.2m$286.4m
Debt$343.1m$342.4m$341.8m$341.2m$340.6m$339.9m$339.3m$338.6m
Shareholders' equity$241.1m$246.5m$258.9m$264.5m$248.0m$200.5m$179.4m$259.0m

Financial ratios

Data as of 27 Oct 2026

FY2025FY2024FY2023FY2022FY2021FY2020
Gross margin60.7%63.9%60.9%60.7%62.0%55.9%
Operating margin1.0%2.3%-3.1%-1.6%-0.7%-28.0%
Net margin1.0%-7.9%-2.3%-2.5%-0.3%-20.0%
Return on equity2.8%-29.4%-5.2%-5.4%-0.6%-32.7%
Return on assets0.6%-4.5%-1.7%-1.7%-0.2%-13.4%
Free cash flow yield10.7%10.5%6.0%6.6%6.1%3.9%
Revenue growth12.2%16.5%16.4%15.5%13.6%16.5%
Earnings growth-113.7%302.7%6.4%731.9%-98.0%-341.8%
Current ratio0.98x1.00x0.60x0.60x0.53x1.38x
Debt to equity1.32x1.89x0.20x0.23x0.02x0.00x
Equity ratio20.4%15.4%33.3%31.9%34.3%41.0%
Interest coverage1.44x3.69x-4.21x-3.95x-2.99x-33.67x
R&D as a share of sales11.2%10.0%10.2%8.5%10.3%14.5%
Buybacks as a share of market value-11.0%-0.9%-4.1%-0.9%4.7%-20.5%

Growth per year

Compound annual rate

3 years5 years10 years
Revenue15.2%15.1%—
Operating income-1.0%-40.4%—

Average margins

Over each period

1 year3 years5 years10 years
Gross margin62.2%61.6%61.0%—
Operating margin-0.7%-1.6%-4.5%—
Net margin-3.2%-2.9%-4.5%—

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020
Price to earnings484.9-159.5-321.4-177.1-1597.3-72.5
Price to sales4.712.67.44.55.614.7

Market value over time

31 Jul 2020 to 26 Oct 2026, in USD

$2.85bn$2.45bn

Share price return

Finished calendar years

202520242023202220212020
Return-62%94%82%-12%-51%45%

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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