Overview
Vertex is a leading provider of enterprise tax technology solutions with more than 4,300 customers, including the majority of the Fortune 500. It provides tax support to its customers in over 190 countries. The company software enables tax determination, compliance, and reporting, tax data management and document management, and analytics and insights with powerful pre-built integrations to core business applications used by most companies. Its software
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Read More and solutions are built upon a robust set of technology capabilities designed for flexibility, configurability, speed, and scale to handle complex tax scenarios and processing volumes and interoperability across core business applications. Its software is fueled by over 900 million data-driven effective tax rules and supports indirect tax compliance in more than 20,000 jurisdictions worldwide. Most of the company's revenue comes from the US.
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Read More and solutions are built upon a robust set of technology capabilities designed for flexibility, configurability, speed, and scale to handle complex tax scenarios and processing volumes and interoperability across core business applications. Its software is fueled by over 900 million data-driven effective tax rules and supports indirect tax compliance in more than 20,000 jurisdictions worldwide. Most of the company's revenue comes from the US.
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David DeStefano
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Actual
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Actual
$666.78 million
Actual
16.49%
$1,166
DEC
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NASDAQ:VERX
Contacts
Get in Touch with 3 Principals* and 646 Contacts
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David DeStefanoChairman of the Board and President and Chief Executive Officer
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Financial Statements
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Financial data as of December 31, 2024 (12 month period) in USD
Annual Revenue 2024
$666.78 million
USD
Actual
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net Operating Cash | $165 | $74 | $64 |
| Net Investing Cash | -$158 | -$66 | -$72 |
| Net Financing Cash | $231 | -$26 | $17 |
| Net Change in Cash | $238 | -$18 | $9 |
| Cash at Beginning of Period | $89 | $107 | $98 |
| Cash at End of Period | $326 | $89 | $107 |
| Capital Expenditure | -$87 | -$68 | -$60 |
| Assets (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $296 | $68 | $92 |
| Accounts Receivable | $164 | $142 | $103 |
| Inventories | $ | $ | $ |
| Other Current Assets | $76 | $57 | $48 |
| Asset Summary | |||
| Total Current Assets | $536 | $267 | $243 |
| Tangible Fixed Assets | $190 | $115 | $118 |
| Intangible Assets | $42 | $41 | $44 |
| Total Assets | $1,167 | $760 | $719 |
| Liabilities (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $36 | $24 | $14 |
| Short-Term Debt | $ | $2 | $2 |
| Other Current Liabilities | $501 | $415 | $387 |
| Liability Summary | |||
| Total Current Liabilities | $537 | $441 | $403 |
| Long-Term Debt | $335 | $44 | $47 |
| Other Long-Term Liabilities | $87 | $3 | $8 |
| Total Liabilities | $987 | $507 | $489 |
| Stakeholder's Equity (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Equity | |||
| Common Stock | $0 | $0 | $0 |
| Retained Earnings | -$53 | -$1 | $13 |
| Equity Summary | |||
| Total Equity | $179 | $253 | $230 |
| Shares Outstanding | 157,151,000 | 153,650,000 | 150,321,000 |