Vertex (VERX) Financials

$39.75 +0.24 (+0.61%)

Closing price 05/30/2025 04:00 PM Eastern

Extended Trading

$39.58 -0.17 (-0.44%)

As of 05/30/2025 05:20 PM Eastern

Annual Income Statements for Vertex

This table shows Vertex's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Net Income / (Loss) Attributable to Common Shareholders	-53	-13	-12	-1.48	-75	31	-6.11
Consolidated Net Income / (Loss)	-53	-13	-12	-1.48	-75	31	-6.11
Net Income / (Loss) Continuing Operations	-53	-13	-12	-1.48	-75	96	-6.11
Total Pre-Tax Income	1.91	-22	-10	-3.93	-108	31	-4.43
Total Operating Income	-2.23	-18	-8.08	-2.94	-105	32	-2.83
Total Gross Profit	426	349	298	264	209	211	177
Total Revenue	667	572	492	426	375	643	272
Operating Revenue	667	572	492	426	375	643	272
Total Cost of Revenue	241	224	193	162	165	33	96
Operating Cost of Revenue	241	224	193	162	165	188	96
Total Operating Expenses	428	366	307	267	314	359	180
Selling, General & Admin Expense	153	146	122	107	149	71	59
Marketing Expense	171	140	125	99	99	68	57
Research & Development Expense	67	58	42	44	54	31	24
Depreciation Expense	21	15	12	12	11	9.00	7.94
Other Operating Expenses / (Income)	18	0.00	0.00	-	-	179	-
Other Special Charges / (Income)	-0.18	6.50	5.27	4.89	0.20	0.57	-0.69
Total Other Income / (Expense), net	4.14	-4.16	-2.05	-0.98	-3.11	-0.95	-1.59
Interest Expense	-4.14	4.16	2.05	0.98	-	-	-
Income Tax Expense	55	-8.58	2.17	-2.45	-33	-0.16	1.68
Basic Earnings per Share	($0.68)	($0.18)	($0.16)	($0.02)	($1.14)	$0.20	($0.13)
Weighted Average Basic Shares Outstanding	158.18M	154.33M	151.03M	147.78M	131.51M	0.00	120.63M
Diluted Earnings per Share	($0.68)	($0.18)	($0.16)	($0.02)	($1.14)	$0.25	($0.13)
Weighted Average Diluted Shares Outstanding	158.18M	154.33M	151.03M	147.78M	131.51M	0.00	120.63M
Weighted Average Basic & Diluted Shares Outstanding	158.18M	154.33M	151.03M	0.00	0.00	0.00	0.00

This table shows Vertex's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	11	-68	7.22	5.16	2.68	15	-3.40	-6.90	-18	-5.31	-1.14
Consolidated Net Income / (Loss)	11	-68	7.22	5.16	2.68	15	-3.40	-6.90	-18	-5.31	-1.14
Net Income / (Loss) Continuing Operations	11	-68	7.22	5.16	2.68	15	-3.40	-6.90	-18	-5.31	-1.14
Total Pre-Tax Income	6.03	-11	7.83	7.36	-1.85	-6.51	-2.62	-3.97	-8.58	-4.35	-1.23
Total Operating Income	4.49	-13	4.90	7.55	-1.57	-2.49	-2.02	-4.07	-8.93	-3.38	-0.87
Total Gross Profit	113	117	111	103	96	94	88	86	81	82	76
Total Revenue	177	178	170	161	157	155	145	140	133	131	126
Operating Revenue	177	178	170	161	157	155	145	140	133	131	126
Total Cost of Revenue	64	61	60	58	61	61	57	54	52	49	51
Operating Cost of Revenue	64	61	60	58	61	61	57	54	52	49	51
Total Operating Expenses	109	130	106	95	97	96	90	90	90	85	76
Selling, General & Admin Expense	45	40	41	36	36	37	35	39	34	31	32
Marketing Expense	48	47	42	41	40	37	34	34	36	36	30
Research & Development Expense	21	20	16	15	17	13	17	13	16	12	10
Depreciation Expense	5.88	5.52	5.21	5.21	5.01	3.80	3.78	3.88	3.74	3.32	2.94
Other Operating Expenses / (Income)	-15	-	-	-	-	-	-	-	-	-	-
Other Special Charges / (Income)	3.26	0.27	1.18	-1.10	-0.53	5.49	0.32	0.41	0.28	3.34	1.23
Total Other Income / (Expense), net	1.54	1.67	2.94	-0.18	-0.29	-4.02	-0.60	0.11	0.35	-0.97	-0.36
Interest Expense	-1.54	-1.67	-2.94	0.18	0.29	4.02	0.60	-0.11	-0.35	0.97	0.36
Income Tax Expense	-5.11	56	0.61	2.20	-4.54	-22	0.78	2.93	9.55	0.96	-0.09
Basic Earnings per Share	$0.14	($0.88)	$0.10	$0.06	$0.04	$0.20	($0.04)	($0.10)	($0.24)	($0.06)	($0.02)
Weighted Average Basic Shares Outstanding	158.49M	158.18M	155.96M	155.52M	154.22M	154.33M	305.97M	304.17M	150.68M	151.03M	149.80M
Diluted Earnings per Share	$0.14	($0.86)	$0.08	$0.06	$0.04	$0.20	($0.04)	($0.10)	($0.24)	($0.06)	($0.02)
Weighted Average Diluted Shares Outstanding	158.49M	158.18M	155.96M	155.52M	160.58M	154.33M	305.97M	304.17M	150.68M	151.03M	149.80M
Weighted Average Basic & Diluted Shares Outstanding	158.49M	158.18M	155.96M	155.52M	155.11M	154.33M	305.97M	304.17M	151.58M	151.03M	150.04M

This table details how cash moves in and out of Vertex's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Net Change in Cash & Equivalents	237	-18	8.54	-214	229	24	16
Net Cash From Operating Activities	165	74	64	90	60	92	80
Net Cash From Continuing Operating Activities	165	74	64	90	60	92	80
Net Income / (Loss) Continuing Operations	-53	-13	-12	-1.48	-75	31	-6.11
Consolidated Net Income / (Loss)	-53	-13	-12	-1.48	-75	31	-6.11
Depreciation Expense	83	72	61	45	32	25	25
Amortization Expense	6.04	2.84	0.25	0.21	0.37	0.27	0.27
Non-Cash Adjustments To Reconcile Net Income	46	42	12	26	125	11	38
Changes in Operating Assets and Liabilities, net	82	-30	2.42	21	-23	25	23
Net Cash From Investing Activities	-158	-66	-72	-295	-44	-38	-33
Net Cash From Continuing Investing Activities	-158	-66	-72	-295	-44	-38	-33
Purchase of Property, Plant & Equipment	-87	-68	-60	-43	-33	-38	-33
Acquisitions	-72	0.00	-0.47	-251	-12	0.00	0.00
Purchase of Investments	-16	-16	-17	0.00	0.00	-	-
Sale and/or Maturity of Investments	17	18	5.36	0.00	0.00	-	-
Net Cash From Financing Activities	231	-26	17	-9.10	214	-31	-31
Net Cash From Continuing Financing Activities	231	-26	17	-9.10	214	-31	-31
Repayment of Debt	-63	-3.19	-1.92	-0.96	-241	-5.57	-3.28
Issuance of Debt	345	0.00	50	0.00	188	0.00	0.00
Other Financing Activities, net	-50	-23	-31	-8.14	-3.37	4.34	1.89
Effect of Exchange Rate Changes	-1.01	0.72	-0.35	-0.48	-0.02	0.01	-

This table details how cash moves in and out of Vertex's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	-22	21	-56	268	3.53	8.03	9.10	-23	-12	11	-9.28
Net Cash From Operating Activities	15	41	41	58	25	48	28	-4.39	3.49	40	15
Net Cash From Continuing Operating Activities	15	41	41	58	25	48	28	-4.39	3.49	40	15
Net Income / (Loss) Continuing Operations	11	-68	7.22	5.16	2.68	15	-3.40	-6.90	-18	-5.31	-1.14
Consolidated Net Income / (Loss)	11	-68	7.22	5.16	2.68	15	-3.40	-6.90	-18	-5.31	-1.14
Depreciation Expense	22	21	20	20	21	19	18	17	17	16	15
Amortization Expense	1.69	1.70	1.69	1.51	1.14	1.10	0.98	0.69	0.06	0.06	0.06
Non-Cash Adjustments To Reconcile Net Income	21	12	8.39	6.18	19	14	11	7.61	10	6.62	-3.72
Changes in Operating Assets and Liabilities, net	-41	73	3.98	24	-20	-1.65	0.72	-23	-5.82	23	5.02
Net Cash From Investing Activities	-18	-25	-85	-28	-20	-20	-16	-16	-14	-22	-15
Net Cash From Continuing Investing Activities	-18	-25	-85	-28	-20	-20	-16	-16	-14	-22	-15
Purchase of Property, Plant & Equipment	-27	-23	-17	-27	-20	-19	-19	-17	-14	-17	-16
Purchase of Investments	-2.40	-3.75	-4.47	-3.51	-4.27	-3.46	-4.44	-4.94	-3.49	-10	0.82
Sale and/or Maturity of Investments	12	2.10	5.75	4.06	4.80	2.35	7.44	5.35	3.25	5.36	-
Net Cash From Financing Activities	-21	6.25	-13	239	-1.15	-20	-2.52	-1.95	-1.53	-8.88	-8.51
Net Cash From Continuing Financing Activities	-21	6.25	-13	239	-1.15	-20	-2.52	-1.95	-1.53	-8.88	-8.51
Repayment of Debt	0.00	-1.17	-3.90	-58	-0.71	-1.63	-0.63	-0.63	-0.31	-0.31	-0.31
Other Financing Activities, net	-21	7.42	-9.22	-48	-0.44	-19	-1.90	-1.33	-1.22	-8.57	-8.20
Effect of Exchange Rate Changes	1.31	-1.82	1.60	-0.44	-0.35	0.78	-0.44	0.18	0.20	0.79	-0.53

This table presents Vertex's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019
Total Assets	1,167	760	719	670	559	265
Total Current Assets	536	267	243	196	403	166
Cash & Equivalents	296	68	92	73	303	76
Restricted Cash	30	21	15	25	9.22	7.59
Short-Term Investments	9.16	9.55	11	0.00	-	-
Accounts Receivable	164	142	103	77	77	70
Prepaid Expenses	37	26	22	21	13	12
Plant, Property, & Equipment, net	178	101	101	98	57	55
Total Noncurrent Assets	453	393	375	376	100	44
Goodwill	363	260	257	273	19	-
Intangible Assets	36	39	39	33	32	32
Noncurrent Deferred & Refundable Income Taxes	0.02	42	31	35	34	0.22
Other Noncurrent Operating Assets	54	52	48	35	15	12
Total Liabilities & Shareholders' Equity	1,167	760	719	670	559	265
Total Liabilities	987	507	489	440	329	377
Total Current Liabilities	537	441	403	369	292	335
Short-Term Debt	35	14	8.34	0.47	1.73	51
Accounts Payable	36	24	14	13	8.88	11
Accrued Expenses	81	79	62	49	42	36
Current Deferred Revenue	339	290	269	237	208	193
Current Employee Benefit Liabilities	15	12	14	21	19	24
Other Current Liabilities	31	22	36	47	9.24	21
Total Noncurrent Liabilities	450	66	86	71	37	43
Long-Term Debt	335	44	47	0.00	-	0.68
Capital Lease Obligations	0.01	0.05	-	-	0.23	-
Noncurrent Deferred Revenue	4.84	2.58	10	12	15	14
Noncurrent Deferred & Payable Income Tax Liabilities	9.92	0.00	-	-	-	-
Other Noncurrent Operating Liabilities	100	19	29	57	18	9.27
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	179	253	230	230	229	-130
Total Preferred & Common Equity	179	253	230	230	229	-130
Preferred Stock	0.00	0.00	0.00	0.00	0.00	-
Total Common Equity	179	253	230	230	229	-130
Common Stock	279	275	245	223	207	0.00
Retained Earnings	-53	-0.59	13	25	26	-91
Accumulated Other Comprehensive Income / (Loss)	-46	-22	-28	-17	-3.13	-0.49

This table presents Vertex's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	1,154	1,191	1,024	756	720	725	726	677
Total Current Assets	505	477	515	267	238	234	231	219
Cash & Equivalents	270	279	326	56	49	42	69	72
Restricted Cash	33	26	35	37	32	30	26	24
Short-Term Investments	0.00	7.46	8.65	9.10	8.33	11	12	6.13
Accounts Receivable	152	130	120	133	129	129	103	95
Prepaid Expenses	49	34	25	32	20	22	23	22
Plant, Property, & Equipment, net	186	179	108	101	100	99	117	109
Total Noncurrent Assets	464	536	401	388	382	392	377	349
Goodwill	374	389	252	256	254	260	259	245
Intangible Assets	36	37	38	39	39	39	39	39
Noncurrent Deferred & Refundable Income Taxes	0.02	61	62	44	41	43	44	31
Other Noncurrent Operating Assets	53	49	49	50	48	50	35	34
Total Liabilities & Shareholders' Equity	1,154	1,191	1,024	756	720	725	726	677
Total Liabilities	954	932	791	506	500	499	502	463
Total Current Liabilities	513	458	439	443	433	431	422	374
Short-Term Debt	30	0.30	0.20	16	10	10	11	6.96
Accounts Payable	25	29	24	22	24	22	17	13
Accrued Expenses	52	80	67	51	73	71	64	48
Current Deferred Revenue	350	301	297	297	265	274	276	243
Current Employee Benefit Liabilities	22	20	13	19	17	12	17	17
Other Current Liabilities	35	28	37	37	43	41	36	46
Total Noncurrent Liabilities	441	474	352	63	67	68	80	89
Long-Term Debt	336	335	334	43	45	45	46	47
Capital Lease Obligations	0.00	0.02	-	0.04	0.07	-	0.00	0.02
Noncurrent Deferred Revenue	5.14	3.79	2.44	4.15	2.03	2.96	7.11	11
Noncurrent Deferred & Payable Income Tax Liabilities	9.37	16	-	-	-	-	-	-
Other Noncurrent Operating Liabilities	90	119	15	16	20	20	27	31
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	200	259	233	250	220	226	223	214
Total Preferred & Common Equity	200	259	233	250	220	226	223	214
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	200	259	233	250	220	226	223	214
Common Stock	273	265	255	274	265	262	254	238
Retained Earnings	-42	14	7.26	2.10	-16	-13	-5.63	18
Accumulated Other Comprehensive Income / (Loss)	-31	-20	-29	-26	-29	-24	-25	-42

This table displays calculated financial ratios and metrics derived from Vertex's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018
Growth Metrics	-	-	-	-	-	-	-
Revenue Growth	16.49%	16.43%	15.53%	13.58%	-41.73%	136.05%	0.00%
EBITDA Growth	51.26%	7.32%	26.79%	158.27%	-228.06%	171.74%	0.00%
EBIT Growth	87.28%	-116.65%	-174.71%	97.19%	-439.00%	798.03%	0.00%
NOPAT Growth	602.08%	-116.65%	-174.71%	97.19%	-329.05%	1,714.38%	0.00%
Net Income Growth	-302.73%	-6.41%	-731.91%	98.03%	-341.75%	608.63%	0.00%
EPS Growth	-277.78%	-12.50%	-700.00%	98.25%	-556.00%	292.31%	0.00%
Operating Cash Flow Growth	121.74%	16.42%	-29.28%	51.64%	-35.63%	14.98%	0.00%
Free Cash Flow Firm Growth	202.88%	-44.92%	81.35%	-57.45%	-177.52%	0.00%	0.00%
Invested Capital Growth	0.78%	27.54%	26.07%	263.43%	43.94%	0.00%	0.00%
Revenue Q/Q Growth	3.66%	4.34%	31.48%	30.62%	0.00%	0.00%	0.00%
EBITDA Q/Q Growth	-8.48%	10.41%	-0.77%	4.42%	0.00%	0.00%	0.00%
EBIT Q/Q Growth	-126.57%	4.85%	-71.48%	-576.32%	0.00%	0.00%	0.00%
NOPAT Q/Q Growth	64.97%	4.85%	-71.48%	-576.32%	0.00%	0.00%	0.00%
Net Income Q/Q Growth	-273.43%	61.19%	-61.43%	-145.73%	0.00%	0.00%	0.00%
EPS Q/Q Growth	-278.95%	59.09%	-77.78%	96.30%	0.00%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	-3.80%	11.03%	4.29%	-2.04%	-10.79%	0.00%	0.00%
Free Cash Flow Firm Q/Q Growth	203.49%	-77.08%	-101.22%	0.00%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	-23.72%	14.41%	0.51%	-11.38%	0.00%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-	-
Gross Margin	63.91%	60.90%	60.72%	61.96%	55.86%	32.83%	64.87%
EBITDA Margin	12.98%	10.00%	10.84%	9.88%	-19.26%	8.76%	7.61%
Operating Margin	-0.33%	-3.06%	-1.64%	-0.69%	-27.96%	4.95%	-1.04%
EBIT Margin	-0.33%	-3.06%	-1.64%	-0.69%	-27.96%	4.81%	-1.63%
Profit (Net Income) Margin	-7.91%	-2.29%	-2.50%	-0.35%	-20.04%	4.83%	-2.24%
Tax Burden Percent	-2,762.13%	60.41%	121.46%	37.67%	69.60%	100.50%	137.93%
Interest Burden Percent	-85.68%	123.78%	125.34%	133.45%	102.97%	100.00%	100.00%
Effective Tax Rate	2,862.13%	0.00%	0.00%	0.00%	0.00%	-0.50%	0.00%
Return on Invested Capital (ROIC)	28.81%	-6.46%	-3.78%	-8.02%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	4,529.37%	-4.83%	4.49%	-8.30%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	-53.20%	1.03%	-1.57%	7.37%	0.00%	0.00%	0.00%
Return on Equity (ROE)	-24.39%	-5.42%	-5.35%	-0.64%	-128.38%	-27.64%	0.00%
Cash Return on Invested Capital (CROIC)	28.03%	-30.66%	-26.85%	-162.74%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	-0.23%	-2.37%	-1.16%	-0.48%	-25.45%	11.68%	0.00%
Return on Assets (ROA)	-5.47%	-1.77%	-1.77%	-0.24%	-18.24%	11.74%	0.00%
Return on Common Equity (ROCE)	-24.39%	-5.42%	-5.35%	-0.64%	-109.23%	-31.93%	0.00%
Return on Equity Simple (ROE_SIMPLE)	-29.40%	-5.18%	-5.36%	-0.64%	-32.74%	-23.93%	0.00%
Net Operating Profit after Tax (NOPAT)	62	-12	-5.66	-2.06	-73	32	-1.98
NOPAT Margin	9.23%	-2.14%	-1.15%	-0.48%	-19.57%	4.98%	-0.73%
Net Nonoperating Expense Percent (NNEP)	-4,500.56%	-1.62%	-8.28%	0.28%	-1.02%	-5.97%	0.00%
Return On Investment Capital (ROIC_SIMPLE)	11.20%	-3.93%	-1.99%	-	-	-	-
Cost of Revenue to Revenue	36.09%	39.10%	39.28%	38.04%	44.14%	5.15%	35.13%
SG&A Expenses to Revenue	22.92%	25.50%	24.74%	25.15%	39.78%	11.04%	21.64%
R&D to Revenue	10.00%	10.17%	8.52%	10.34%	14.50%	4.75%	8.72%
Operating Expenses to Revenue	64.24%	63.96%	62.36%	62.65%	83.82%	55.76%	65.91%
Earnings before Interest and Taxes (EBIT)	-2.23	-18	-8.08	-2.94	-105	31	-4.43
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	87	57	53	42	-72	56	21
Valuation Ratios	-	-	-	-	-	-	-
Price to Book Value (P/BV)	46.39	16.29	9.48	10.26	22.20	0.00	0.00
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	28.50	0.00	0.00
Price to Revenue (P/Rev)	12.48	7.20	4.43	5.55	13.59	0.63	1.48
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	12.94	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	7.73%	0.00%
Enterprise Value to Invested Capital (EV/IC)	38.96	19.18	12.67	17.10	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	12.53	7.13	4.30	5.32	12.76	0.60	0.00
Enterprise Value to EBITDA (EV/EBITDA)	96.55	71.33	39.65	53.83	0.00	6.87	0.00
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	12.53	0.00
Enterprise Value to NOPAT (EV/NOPAT)	135.77	0.00	0.00	0.00	0.00	12.10	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	50.69	54.91	33.11	25.07	80.30	4.19	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	139.55	0.00	0.00	0.00	0.00	2.19	0.00
Leverage & Solvency	-	-	-	-	-	-	-
Debt to Equity	2.06	0.23	0.24	0.00	0.01	-0.46	0.00
Long-Term Debt to Equity	1.87	0.17	0.20	0.00	0.00	-0.01	0.00
Financial Leverage	-0.01	-0.21	-0.35	-0.89	-2.93	0.29	0.00
Leverage Ratio	4.46	3.06	3.02	2.68	7.04	-2.35	0.00
Compound Leverage Factor	-3.82	3.79	3.79	3.57	7.25	-2.35	0.00
Debt to Total Capital	67.37%	18.78%	19.33%	0.20%	0.84%	-84.55%	0.00%
Short-Term Debt to Total Capital	6.39%	4.62%	2.93%	0.20%	0.75%	-83.43%	0.00%
Long-Term Debt to Total Capital	60.99%	14.16%	16.40%	0.00%	0.10%	-1.12%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	-28.57%	0.00%
Common Equity to Total Capital	32.63%	81.22%	80.67%	99.80%	99.16%	213.21%	0.00%
Debt to EBITDA	4.28	1.02	1.03	0.01	-0.03	0.91	0.00
Net Debt to EBITDA	0.41	-0.70	-1.18	-2.32	4.30	-0.57	0.00
Long-Term Debt to EBITDA	3.87	0.77	0.88	0.00	0.00	0.01	0.00
Debt to NOPAT	6.02	-4.77	-9.73	-0.23	-0.03	1.61	0.00
Net Debt to NOPAT	0.57	3.28	11.11	47.46	4.23	-1.00	0.00
Long-Term Debt to NOPAT	5.45	-3.60	-8.26	0.00	0.00	0.02	0.00
Altman Z-Score	5.56	5.28	3.07	3.58	9.63	2.21	0.00
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	14.92%	-15.53%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-
Current Ratio	1.00	0.60	0.60	0.53	1.38	0.49	0.00
Quick Ratio	0.87	0.50	0.51	0.41	1.30	0.44	0.00
Cash Flow Metrics	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	60	-58	-40	-215	-137	176	0.00
Operating Cash Flow to CapEx	189.20%	108.94%	105.67%	208.20%	181.51%	246.27%	241.49%
Free Cash Flow to Firm to Interest Expense	0.00	-13.98	-19.61	-218.89	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	17.85	31.18	91.76	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	1.46	1.67	47.69	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-
Asset Turnover	0.69	0.77	0.71	0.69	0.91	2.43	0.00
Accounts Receivable Turnover	4.36	4.68	5.47	5.52	5.08	9.14	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	4.79	5.67	4.93	5.49	6.73	11.75	0.00
Accounts Payable Turnover	8.05	11.80	14.13	14.80	16.87	3.09	0.00
Days Sales Outstanding (DSO)	83.80	78.00	66.75	66.08	71.86	39.94	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	45.36	30.93	25.82	24.66	21.63	118.24	0.00
Cash Conversion Cycle (CCC)	38.45	47.07	40.93	41.42	50.23	-78.30	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-
Invested Capital	214	213	167	132	-81	-144	0.00
Invested Capital Turnover	3.12	3.02	3.29	16.57	-3.32	-8.90	0.00
Increase / (Decrease) in Invested Capital	1.66	46	35	213	63	-144	0.00
Enterprise Value (EV)	8,356	4,081	2,114	2,264	4,781	387	0.00
Market Capitalization	8,320	4,121	2,177	2,361	5,092	402	402
Book Value per Share	$1.15	$1.65	$1.53	$1.55	$1.57	($1.08)	$0.00
Tangible Book Value per Share	($1.41)	($0.30)	($0.44)	($0.51)	$1.22	($1.34)	$0.00
Total Capital	550	311	285	231	231	-61	0.00
Total Debt	370	59	55	0.47	1.95	51	0.00
Total Long-Term Debt	335	44	47	0.00	0.23	0.68	0.00
Net Debt	35	-40	-63	-98	-310	-32	0.00
Capital Expenditures (CapEx)	87	68	60	43	33	38	33
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-301	-258	-270	-271	-200	-202	0.00
Debt-free Net Working Capital (DFNWC)	34	-160	-152	-173	112	-118	0.00
Net Working Capital (NWC)	-1.04	-174	-160	-173	111	-169	0.00
Net Nonoperating Expense (NNE)	114	0.84	6.65	-0.58	1.75	0.96	4.12
Net Nonoperating Obligations (NNO)	35	-40	-63	-98	-310	-32	0.00
Total Depreciation and Amortization (D&A)	89	75	61	45	33	25	25
Debt-free, Cash-free Net Working Capital to Revenue	-45.17%	-45.15%	-54.85%	-63.73%	-53.33%	-31.36%	0.00%
Debt-free Net Working Capital to Revenue	5.11%	-27.91%	-30.86%	-40.65%	30.01%	-18.38%	0.00%
Net Working Capital to Revenue	-0.16%	-30.43%	-32.56%	-40.76%	29.55%	-26.28%	0.00%
Earnings Adjustments	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.68)	($0.18)	($0.16)	($0.01)	($1.20)	$0.00	$0.00
Adjusted Weighted Average Basic Shares Outstanding	158.18M	151.86M	149.65M	0.00	131.51M	0.00	0.00
Adjusted Diluted Earnings per Share	($0.68)	($0.18)	($0.16)	($0.01)	($1.20)	$0.00	$0.00
Adjusted Weighted Average Diluted Shares Outstanding	158.18M	151.86M	149.65M	0.00	131.51M	0.00	0.00
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	($0.01)	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	158.18M	154.33M	151.03M	0.00	131.51M	0.00	0.00
Normalized Net Operating Profit after Tax (NOPAT)	-1.68	-7.71	-1.97	1.36	-73	23	20
Normalized NOPAT Margin	-0.25%	-1.35%	-0.40%	0.32%	-19.53%	3.53%	7.50%
Pre Tax Income Margin	0.29%	-3.79%	-2.06%	-0.92%	-28.79%	4.81%	-1.63%
Debt Service Ratios	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	-4.21	-3.95	-2.99	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	-2.94	-2.76	-2.09	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	-20.59	-33.45	-47.06	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	-19.33	-32.26	-46.16	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	-194.61%	91.98%	-458.96%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	-202.90%	94.69%	-479.87%

This table displays calculated financial ratios and metrics derived from Vertex's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	12.94%	15.20%	17.52%	15.33%	18.10%	18.14%	14.88%	17.12%	15.45%	877.09%	14.02%
EBITDA Growth	38.57%	-44.79%	53.73%	112.23%	154.12%	43.13%	24.21%	3.52%	-39.85%	-3.19%	31.39%
EBIT Growth	386.65%	-426.05%	342.62%	285.29%	82.47%	26.37%	-131.69%	5.21%	-2,007.91%	-24,064.29%	75.90%
NOPAT Growth	856.46%	-426.05%	419.47%	285.62%	82.47%	26.37%	-131.69%	5.21%	-1,795.34%	-24,064.29%	75.90%
Net Income Growth	314.68%	-542.14%	312.44%	174.88%	114.80%	388.83%	-197.90%	-24.93%	-5,328.74%	-746.73%	71.10%
EPS Growth	250.00%	-530.00%	300.00%	160.00%	116.67%	433.33%	-100.00%	-25.00%	0.00%	-700.00%	66.67%
Operating Cash Flow Growth	-39.73%	-13.65%	50.02%	1,415.24%	603.70%	18.35%	83.83%	-173.24%	34.53%	6.99%	-42.71%
Free Cash Flow Firm Growth	-33.57%	77.28%	-323.61%	114.99%	-74.59%	-29.34%	-23.91%	35.36%	91.01%	82.72%	91.78%
Invested Capital Growth	26.21%	0.78%	51.16%	-0.26%	19.21%	27.54%	12.04%	22.06%	8.43%	26.07%	11.16%
Revenue Q/Q Growth	-0.78%	4.71%	5.79%	2.76%	1.21%	6.82%	3.82%	5.23%	1.24%	3.87%	5.84%
EBITDA Q/Q Growth	187.78%	-62.99%	-9.28%	43.43%	14.65%	3.05%	25.24%	71.74%	-35.42%	-10.58%	4.38%
EBIT Q/Q Growth	134.23%	-367.65%	-35.11%	582.11%	37.17%	-23.44%	50.44%	54.40%	-163.94%	-288.40%	79.73%
NOPAT Q/Q Growth	190.34%	-303.26%	-14.71%	582.97%	37.17%	-23.44%	50.44%	54.40%	-163.94%	-288.40%	79.73%
Net Income Q/Q Growth	116.42%	-1,038.90%	39.83%	92.40%	-82.50%	551.13%	50.71%	61.97%	-241.53%	-365.29%	79.33%
EPS Q/Q Growth	116.28%	-1,175.00%	33.33%	50.00%	-80.00%	600.00%	60.00%	58.33%	-300.00%	-200.00%	75.00%
Operating Cash Flow Q/Q Growth	-64.01%	-0.64%	-28.29%	134.98%	-48.43%	72.63%	728.71%	-225.72%	-91.33%	168.13%	150.48%
Free Cash Flow Firm Q/Q Growth	-326.06%	88.05%	-1,663.17%	116.78%	27.44%	-122.86%	44.69%	-95.44%	46.31%	-113.51%	71.15%
Invested Capital Q/Q Growth	22.26%	-23.72%	42.12%	-4.77%	-2.35%	14.41%	-6.22%	13.81%	4.45%	0.51%	2.16%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	63.82%	65.63%	64.85%	63.74%	61.10%	60.42%	60.79%	61.43%	61.02%	62.27%	59.87%
EBITDA Margin	16.06%	5.54%	15.67%	18.27%	13.09%	11.55%	11.98%	9.93%	6.08%	9.54%	11.08%
Operating Margin	2.53%	-7.34%	2.87%	4.68%	-1.00%	-1.61%	-1.39%	-2.91%	-6.73%	-2.58%	-0.69%
EBIT Margin	2.53%	-7.34%	2.87%	4.68%	-1.00%	-1.61%	-1.39%	-2.91%	-6.73%	-2.58%	-0.69%
Profit (Net Income) Margin	6.29%	-37.99%	4.24%	3.21%	1.71%	9.90%	-2.34%	-4.94%	-13.66%	-4.05%	-0.90%
Tax Burden Percent	184.73%	592.74%	92.18%	70.12%	-145.00%	-235.44%	129.98%	173.83%	211.35%	121.99%	92.61%
Interest Burden Percent	134.31%	87.29%	160.01%	97.60%	118.27%	261.46%	129.58%	97.42%	96.08%	128.64%	141.45%
Effective Tax Rate	-84.73%	0.00%	7.82%	29.88%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	13.69%	-16.04%	7.29%	10.24%	-2.18%	-3.39%	-3.04%	-5.99%	-14.32%	-5.94%	-1.15%
ROIC Less NNEP Spread (ROIC-NNEP)	43.13%	2,292.94%	-37.66%	10.65%	-10.43%	-36.54%	1.80%	3.47%	5.27%	-2.27%	-0.28%
Return on Net Nonoperating Assets (RNNOA)	1.85%	-26.93%	0.95%	-1.45%	2.02%	7.80%	-0.34%	-0.66%	-1.40%	0.79%	0.08%
Return on Equity (ROE)	15.53%	-42.98%	8.24%	8.79%	-0.16%	4.41%	-3.38%	-6.66%	-15.72%	-5.14%	-1.07%
Cash Return on Invested Capital (CROIC)	-30.54%	28.03%	-24.77%	0.78%	-21.24%	-30.66%	-18.67%	-26.56%	-15.39%	-26.85%	-12.66%
Operating Return on Assets (OROA)	1.82%	-5.08%	1.93%	3.31%	-0.80%	-1.24%	-1.09%	-2.18%	-4.82%	-1.83%	-0.39%
Return on Assets (ROA)	4.52%	-26.30%	2.85%	2.26%	1.38%	7.66%	-1.84%	-3.70%	-9.78%	-2.87%	-0.51%
Return on Common Equity (ROCE)	15.53%	-42.98%	8.24%	8.79%	-0.16%	4.41%	-3.38%	-6.66%	-15.72%	-5.14%	-1.07%
Return on Equity Simple (ROE_SIMPLE)	-22.09%	0.00%	11.74%	8.49%	3.09%	0.00%	-15.32%	-13.95%	-13.47%	0.00%	-3.56%
Net Operating Profit after Tax (NOPAT)	8.29	-9.17	4.51	5.29	-1.10	-1.74	-1.41	-2.85	-6.25	-2.37	-0.61
NOPAT Margin	4.68%	-5.14%	2.65%	3.28%	-0.70%	-1.13%	-0.97%	-2.04%	-4.71%	-1.81%	-0.48%
Net Nonoperating Expense Percent (NNEP)	-29.45%	-2,308.99%	44.95%	-0.41%	8.25%	33.14%	-4.83%	-9.46%	-19.59%	-3.66%	-0.86%
Return On Investment Capital (ROIC_SIMPLE)	1.46%	-1.67%	-	-	-	-0.56%	-	-	-	-0.83%	-
Cost of Revenue to Revenue	36.18%	34.37%	35.15%	36.26%	38.90%	39.58%	39.21%	38.57%	38.98%	37.73%	40.13%
SG&A Expenses to Revenue	25.43%	22.37%	24.35%	22.27%	22.67%	23.80%	24.40%	28.19%	25.85%	23.74%	25.09%
R&D to Revenue	11.80%	10.98%	9.17%	9.07%	10.74%	8.33%	11.56%	9.08%	11.95%	8.83%	8.20%
Operating Expenses to Revenue	61.28%	72.97%	61.98%	59.06%	62.10%	62.03%	62.18%	64.35%	67.75%	64.85%	60.56%
Earnings before Interest and Taxes (EBIT)	4.49	-13	4.90	7.55	-1.57	-2.49	-2.02	-4.07	-8.93	-3.38	-0.87
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	28	9.88	27	29	21	18	17	14	8.08	13	14
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	27.62	46.39	23.12	23.99	19.60	16.29	15.96	13.10	13.98	9.48	9.56
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	8.06	12.48	9.31	9.05	8.22	7.20	6.40	5.58	6.13	4.43	5.47
Price to Earnings (P/E)	0.00	0.00	196.99	282.66	634.68	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.51%	0.35%	0.16%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	21.36	38.96	21.38	28.09	23.39	19.18	18.70	14.76	17.65	12.67	12.04
Enterprise Value to Revenue (EV/Rev)	8.15	12.53	9.35	8.99	8.15	7.13	6.34	5.53	6.04	4.30	5.35
Enterprise Value to EBITDA (EV/EBITDA)	59.28	96.55	63.57	65.19	69.75	71.33	67.13	60.46	64.12	39.65	37.20
Enterprise Value to EBIT (EV/EBIT)	1,464.74	0.00	716.91	3,777.40	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	135.77	161.15	5,396.28	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	36.11	50.69	35.09	35.27	50.93	54.91	51.97	53.87	47.50	33.11	32.65
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	139.55	0.00	3,613.54	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	1.82	2.06	1.29	1.43	0.24	0.23	0.25	0.25	0.25	0.24	0.25
Long-Term Debt to Equity	1.67	1.87	1.29	1.43	0.17	0.17	0.20	0.20	0.21	0.20	0.22
Financial Leverage	0.04	-0.01	-0.03	-0.14	-0.19	-0.21	-0.19	-0.19	-0.27	-0.35	-0.28
Leverage Ratio	4.24	4.46	3.99	3.81	3.13	3.06	3.22	3.17	3.12	3.02	3.02
Compound Leverage Factor	5.69	3.89	6.38	3.72	3.70	8.01	4.17	3.09	3.00	3.89	4.27
Debt to Total Capital	64.57%	67.37%	56.39%	58.91%	19.19%	18.78%	20.07%	19.83%	20.30%	19.33%	20.24%
Short-Term Debt to Total Capital	5.23%	6.39%	0.05%	0.04%	5.13%	4.62%	3.75%	3.68%	3.87%	2.93%	2.59%
Long-Term Debt to Total Capital	59.34%	60.99%	56.34%	58.88%	14.05%	14.16%	16.31%	16.15%	16.44%	16.40%	17.64%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	35.43%	32.63%	43.61%	41.09%	80.81%	81.22%	79.93%	80.17%	79.70%	80.67%	79.76%
Debt to EBITDA	3.87	4.28	3.54	3.92	0.85	1.02	1.07	1.15	1.19	1.03	1.01
Net Debt to EBITDA	0.65	0.41	0.23	-0.41	-0.61	-0.70	-0.66	-0.57	-1.03	-1.18	-0.89
Long-Term Debt to EBITDA	3.55	3.87	3.54	3.92	0.62	0.77	0.87	0.94	0.96	0.88	0.88
Debt to NOPAT	-21.12	6.02	8.98	324.65	-8.36	-4.77	-4.29	-4.62	-4.65	-9.73	-16.46
Net Debt to NOPAT	-3.57	0.57	0.59	-34.28	5.97	3.28	2.65	2.27	4.02	11.11	14.56
Long-Term Debt to NOPAT	-19.41	5.45	8.97	324.46	-6.12	-3.60	-3.49	-3.77	-3.77	-8.26	-14.35
Altman Z-Score	4.03	5.53	4.45	4.97	6.32	5.34	4.61	3.91	4.07	3.09	2.96
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.98	1.00	1.04	1.17	0.60	0.60	0.55	0.54	0.55	0.60	0.59
Quick Ratio	0.82	0.87	0.91	1.03	0.45	0.50	0.43	0.42	0.43	0.51	0.46
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-46	-11	-91	5.80	-35	-48	-21	-39	-20	-37	-17
Operating Cash Flow to CapEx	54.72%	177.02%	244.14%	214.94%	122.44%	253.48%	148.84%	-26.06%	24.84%	242.67%	93.42%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	32.04	-120.85	-11.86	-35.84	0.00	0.00	-38.05	-47.84
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	318.93	85.90	11.84	46.22	0.00	0.00	41.54	41.58
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	170.55	15.74	7.17	15.17	0.00	0.00	24.42	-2.93
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.72	0.69	0.67	0.71	0.81	0.77	0.79	0.75	0.72	0.71	0.57
Accounts Receivable Turnover	4.81	4.36	4.97	4.96	5.06	4.68	4.91	4.86	5.71	5.47	4.46
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	4.80	4.79	4.61	5.96	5.47	5.67	5.24	5.16	4.64	4.93	3.61
Accounts Payable Turnover	10.28	8.05	8.98	10.28	11.70	11.80	11.33	10.36	12.50	14.13	17.92
Days Sales Outstanding (DSO)	75.83	83.80	73.46	73.60	72.19	78.00	74.37	75.11	63.98	66.75	81.88
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	35.50	45.36	40.66	35.51	31.21	30.93	32.23	35.23	29.20	25.82	20.36
Cash Conversion Cycle (CCC)	40.33	38.45	32.81	38.09	40.98	47.07	42.14	39.88	34.78	40.93	61.52
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	262	214	281	198	208	213	186	198	174	167	166
Invested Capital Turnover	2.92	3.12	2.75	3.12	3.12	3.02	3.12	2.94	3.04	3.29	2.37
Increase / (Decrease) in Invested Capital	54	1.66	95	-0.51	33	46	20	36	14	35	17
Enterprise Value (EV)	5,600	8,356	6,011	5,557	4,859	4,081	3,479	2,928	3,076	2,114	1,999
Market Capitalization	5,538	8,320	5,989	5,592	4,902	4,121	3,513	2,956	3,125	2,177	2,047
Book Value per Share	$1.27	$1.15	$1.67	$1.50	$1.62	$1.65	$1.45	$1.49	$1.48	$1.53	$1.43
Tangible Book Value per Share	($1.33)	($1.41)	($1.07)	($0.37)	($0.29)	($0.30)	($0.48)	($0.48)	($0.49)	($0.44)	($0.47)
Total Capital	566	550	594	567	310	311	275	282	280	285	268
Total Debt	365	370	335	334	59	59	55	56	57	55	54
Total Long-Term Debt	336	335	335	334	43	44	45	45	46	47	47
Net Debt	62	35	22	-35	-42	-40	-34	-27	-49	-63	-48
Capital Expenditures (CapEx)	27	23	17	27	20	19	19	17	14	17	16
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-282	-301	-294	-294	-262	-258	-274	-269	-286	-270	-250
Debt-free Net Working Capital (DFNWC)	21	34	19	76	-160	-160	-185	-186	-180	-152	-148
Net Working Capital (NWC)	-8.15	-1.04	19	76	-176	-174	-195	-197	-191	-160	-155
Net Nonoperating Expense (NNE)	-2.84	59	-2.71	0.13	-3.78	-17	1.99	4.05	12	2.94	0.53
Net Nonoperating Obligations (NNO)	62	35	22	-35	-42	-40	-34	-27	-49	-63	-48
Total Depreciation and Amortization (D&A)	24	23	22	22	22	20	19	18	17	16	15
Debt-free, Cash-free Net Working Capital to Revenue	-41.08%	-45.17%	-45.68%	-47.53%	-43.86%	-45.15%	-49.97%	-50.85%	-56.11%	-54.85%	-66.86%
Debt-free Net Working Capital to Revenue	3.12%	5.11%	2.95%	12.29%	-26.79%	-27.91%	-33.66%	-35.14%	-35.27%	-30.86%	-39.49%
Net Working Capital to Revenue	-1.19%	-0.16%	2.91%	12.26%	-29.45%	-30.43%	-35.55%	-37.10%	-37.40%	-32.56%	-41.35%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.14	($0.88)	$0.10	$0.06	$0.04	$0.20	($0.04)	($0.10)	($0.24)	($0.06)	($0.02)
Adjusted Weighted Average Basic Shares Outstanding	158.49M	158.18M	155.96M	155.52M	154.22M	154.33M	152.08M	151.48M	150.68M	151.03M	149.80M
Adjusted Diluted Earnings per Share	$0.14	($0.86)	$0.08	$0.06	$0.04	$0.20	($0.04)	($0.10)	($0.24)	($0.06)	($0.02)
Adjusted Weighted Average Diluted Shares Outstanding	158.49M	158.18M	155.96M	155.52M	160.58M	154.33M	152.08M	151.48M	150.68M	151.03M	149.80M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	158.49M	158.18M	155.96M	155.52M	155.11M	154.33M	305.97M	304.17M	151.58M	151.03M	150.04M
Normalized Net Operating Profit after Tax (NOPAT)	5.42	-8.99	5.60	4.52	-1.46	2.10	-1.19	-2.56	-6.05	-0.03	0.25
Normalized NOPAT Margin	3.06%	-5.04%	3.29%	2.81%	-0.93%	1.35%	-0.82%	-1.83%	-4.56%	-0.02%	0.20%
Pre Tax Income Margin	3.40%	-6.41%	4.60%	4.57%	-1.18%	-4.20%	-1.80%	-2.84%	-6.46%	-3.32%	-0.98%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	41.69	-5.47	-0.62	-3.38	0.00	0.00	-3.49	-2.41
NOPAT to Interest Expense	0.00	0.00	0.00	29.23	-3.83	-0.43	-2.37	0.00	0.00	-2.44	-1.69
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	-106.70	-75.63	-5.29	-34.43	0.00	0.00	-20.61	-46.93
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	-119.15	-73.98	-5.11	-33.42	0.00	0.00	-19.56	-46.20
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions About Vertex's Financials

When does Vertex's fiscal year end?

According to the most recent income statement we have on file, Vertex's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Vertex's net income changed over the last 6 years?

Vertex's net income appears to be on an upward trend, with a most recent value of -$52.73 million in 2024, rising from -$6.11 million in 2018. The previous period was -$13.09 million in 2023. See Vertex's forecast for analyst expectations on what’s next for the company.

What is Vertex's operating income?

Vertex's total operating income in 2024 was -$2.23 million, based on the following breakdown:

Total Gross Profit: $426.13 million
Total Operating Expenses: $428.35 million

How has Vertex revenue changed over the last 6 years?

Over the last 6 years, Vertex's total revenue changed from $272.40 million in 2018 to $666.78 million in 2024, a change of 144.8%.

How much debt does Vertex have?

Vertex's total liabilities were at $987.44 million at the end of 2024, a 94.8% increase from 2023, and a 161.9% increase since 2019.

How much cash does Vertex have?

In the past 5 years, Vertex's cash and equivalents has ranged from $68.18 million in 2023 to $303.05 million in 2020, and is currently $296.05 million as of their latest financial filing in 2024.

How has Vertex's book value per share changed over the last 6 years?

Over the last 6 years, Vertex's book value per share changed from 0.00 in 2018 to 1.15 in 2024, a change of 115.0%.

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This page (NASDAQ:VERX) was last updated on 5/31/2025 by MarketBeat.com Staff

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Vertex (VERX) Financials

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Vertex (VERX) Financials

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