VERX · XBRL financial data

Vertex financial statements, every fiscal year

The same tables from 6 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 years (VERX's year ends in late December)

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Revenue from contracts with customers	375	426	492	572	667	748
Cost of goods and services sold	165	162	193	224	241	267
Gross profit	209	264	298	349	426	482
Research and development	54	44	42	58	67	84
General and administrative	149	107	122	146	153	179
Total operating expenses	314	267	307	366	428	479
Operating income (loss)	(105)	(3)	(8)	(18)	(2)	2
Other income (expense)	(3)	(1)	—	—	—	—
Income tax expense (benefit)	(29)	(2)	2	(9)	55	0
Net income (loss)	(79)	(1)	(12)	(13)	(53)	7

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

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Cash and cash equivalents	303	73	92	68	296	314
Accounts receivable	77	77	103	142	164	183
Prepaid and other current assets	13	21	20	26	37	39
Total current assets	403	196	241	267	536	561
Property and equipment, net	57	98	116	101	—	—
Right-of-use asset	—	20	17	15	12	10
Goodwill	16	270	252	258	358	392
Total assets	555	670	719	760	1,167	1,271
Accounts payable	9	13	14	24	36	38
Accrued liabilities	19	23	38	45	35	44
Current portion of long-term debt	1	—	2	3	—	—
Total current liabilities	292	369	403	441	537	575
Long-term debt	0	—	47	44	335	337
Lease liability, non-current	—	24	20	17	13	9
Total liabilities	329	440	489	507	987	1,012
Retained earnings (accumulated deficit)	22	25	13	(1)	(53)	(46)
Total stockholders' equity	225	230	230	253	179	259
Total liabilities and equity	555	670	719	760	1,167	1,271

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

In millions of dollars	FY 2020Dec 31, 2020	FY 2021Dec 31, 2021	FY 2022Dec 31, 2022	FY 2023Dec 31, 2023	FY 2024Dec 31, 2024	FY 2025Dec 31, 2025
Net income (loss)	(79)	(1)	(12)	(13)	(53)	7
Stock-based compensation	148	26	20	34	47	58
Net cash from operating activities	60	92	77	74	165	166
Purchases of property and equipment	21	33	59	49	—	—
Net cash from investing activities	(44)	(296)	(85)	(66)	(158)	(124)
Proceeds from issuing common stock	423	—	—	—	—	—
Share repurchases	—	—	—	—	—	10
Dividends paid	146	—	—	—	—	—
Proceeds from long-term debt	175	—	—	—	—	—
Repayments of long-term debt	226	—	1	2	47	—
Net cash from financing activities	214	(9)	17	(26)	231	(33)
Net change in cash	229	(214)	9	(18)	237	12

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.