VERX · XBRL financial data

Vertex financial statements, every quarter

The same tables from 12 filings, lined up. Matched by XBRL tag: renamed lines keep their history.

How these numbers work

Every number comes from the company's XBRL financial data filed with the SEC, and each one links to its filing.
Lines are matched by XBRL tag, so a line renamed between filings keeps its history.
* marks a quarter worked out from the filing totals: the 10-K year minus the first three quarters, or a year-to-date total minus the earlier one. Fourth-quarter earnings per share is fourth-quarter net income over the fourth-quarter weighted shares.
0 means a filing states zero; a dash (—) means no filing states that number.
“year only” means the 10-K gives the full year but not the quarters needed to work out the fourth. A worked-out quarter of revenue, cost of revenue or operating cash flow more than twice the company's largest quarter of the two years before is shown this way too.
Gross profit is shown as the company reports it; a worked-out quarter must equal revenue less cost of revenue for that quarter, or it is a dash.
Operating income can be above gross profit when the company books other operating income between the two, shown on its own line.
Shares outstanding come from each filing's cover page, as of the date printed there.
Quarters are fiscal: Q2 FY27 is the second quarter of the company's fiscal 2027.

Income statement

Fiscal quarters (VERX's year ends in late December)

In millions of dollars	Q3 FY23Sep 30, 2023	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026
Revenue from contracts with customers	145	155*	157	161	170	178*	177	185	192	195*	197	204
Cost of goods and services sold	57	61*	61	58	60	61*	64	63	71	69*	72	73
Gross profit	88	94*	96	103	111	117*	113	121	121	126*	125	131
Research and development	17	13*	17	15	16	20*	21	21	20	22*	25	25
General and administrative	35	37*	36	36	41	40*	45	43	45	46*	54	51
Total operating expenses	90	96*	97	95	106	130*	109	125	117	129*	135	136
Operating income (loss)	(2)	(2)*	(2)	8	5	(13)*	4	(4)	4	(3)*	(11)	(4)
Income tax expense (benefit)	1	(22)*	(5)	2	1	56*	(5)	(2)	2	6*	(7)	(13)
Net income (loss)	(3)	15*	3	5	7	(68)*	11	(1)	4	(7)*	(3)	9

Fiscal quarters (VERX's year ends in late December)

In millions of dollars	Q3 FY23Sep 30, 2023	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026
Cash and cash equivalents	49	68	56	326	279	296	270	284	314	314	252	230
Accounts receivable	129	142	133	120	130	164	152	144	132	183	159	153
Prepaid and other current assets	20	26	32	25	34	37	49	48	49	39	59	82
Total current assets	238	267	267	515	477	536	505	503	519	561	489	492
Property and equipment, net	100	101	101	99	168	—	—	—	—	—	—	—
Right-of-use asset	15	15	14	13	13	12	11	11	10	10	9	8
Goodwill	251	258	254	251	382	358	369	393	393	392	402	400
Total assets	720	760	756	1,024	1,191	1,167	1,154	1,198	1,222	1,271	1,214	1,210
Accounts payable	24	24	22	24	29	36	25	30	35	38	36	37
Accrued liabilities	50	45	37	42	45	35	38	42	40	44	37	35
Current portion of long-term debt	3	3	3	—	—	—	—	—	—	—	—	—
Total current liabilities	433	441	443	439	458	537	513	506	516	575	567	564
Long-term debt	45	44	43	334	335	335	336	336	337	337	338	339
Lease liability, non-current	17	17	16	14	14	13	11	11	10	9	8	7
Total liabilities	500	507	506	791	932	987	954	950	957	1,012	968	969
Retained earnings (accumulated deficit)	(16)	(1)	2	7	14	(53)	(42)	(43)	(39)	(46)	(49)	(40)
Total stockholders' equity	220	253	250	233	259	179	200	248	264	259	247	241
Total liabilities and equity	720	760	756	1,024	1,191	1,167	1,154	1,198	1,222	1,271	1,214	1,210

Fiscal quarters (VERX's year ends in late December)

In millions of dollars	Q3 FY23Sep 30, 2023	Q4 FY23Dec 31, 2023	Q1 FY24Mar 31, 2024	Q2 FY24Jun 30, 2024	Q3 FY24Sep 30, 2024	Q4 FY24Dec 31, 2024	Q1 FY25Mar 31, 2025	Q2 FY25Jun 30, 2025	Q3 FY25Sep 30, 2025	Q4 FY25Dec 31, 2025	Q1 FY26Mar 31, 2026	Q2 FY26Jun 30, 2026
Net income (loss)	(3)	15*	3	5	7	(68)*	11	(1)	4	(7)*	(3)	9
Stock-based compensation	8*	8*	16	10*	10*	11*	21	12*	13*	12*	19	14*
Net cash from operating activities	28*	48*	25	58*	41*	41*	15	46*	62*	42*	38	31*
Purchases of property and equipment	13*	14*	14	—	—	—	—	—	—	—	—	—
Net cash from investing activities	(16)*	(20)*	(20)	(28)*	(85)*	(25)*	(18)	(41)*	(32)*	(32)*	(52)	(28)*
Share repurchases	—	—	—	—	—	—	—	—	—	year only	20	27*
Repayments of long-term debt	1*	1*	1	46*	0*	0*	—	—	—	—	—	—
Net cash from financing activities	(3)*	(20)*	(1)	239*	(13)*	6*	(21)	0*	(2)*	(11)*	(53)	(16)*
Net change in cash	9*	8*	4	268*	(56)*	21*	(22)	7*	28*	(0)*	(68)	(13)*

SIC 7372 and related industry codes, similar size. Each row is the latest quarter reported.

How peers are chosen

SIC 7372 and related industry codes with public float (or, where float is missing, quarterly revenue) between 0.2x and 5x the company's.
Each row is the latest quarter the company has reported, named in the Quarter column; when that filing is a 10-K, it is the fourth quarter, never the full year.
Runway shows only for companies burning cash with under $10B of public float.
* marks a quarter worked out from the filing totals: for a 10-Q, the year-to-date total less the earlier one.

Company	Cash ($M)	Revenue, quarter ($M)	Operating cash flow, quarter ($M)	Shares outstanding	Runway	Quarter
Vertex	230	204	31*	not reported	—	Q2 FY26 10-QJun 30, 2026
Quantum Computing	189	5.6	(14)*	226.3M	68.8 quarters	Q2 FY26 10-QJun 30, 2026
Appian	121	203	12*	71.8M	—	Q2 FY26 10-QJun 30, 2026
BigBear.ai Holdings	77	44	(9.6)*	481.4M	4.6 quarters	Q3 FY26 10-QSep 30, 2026
Intapp	148	161	28	76.7M	—	Q1 FY27 10-QSep 30, 2026
Progress Software	114	246	88*	40.9M	—	Q3 FY26 10-QAug 31, 2026
Braze	167	227	24*	113.6M	—	Q2 FY27 10-QJul 31, 2026
People	1,319	431	50*	not reported	—	Q3 FY26 10-QSep 30, 2026
Alkami Technology	50	135	22*	107.0M	—	Q3 FY26 10-QSep 30, 2026

Not investment advice. Not affiliated with the U.S. SEC.