VERX
Income statement / Annual
Last year (2023), Vertex, Inc.'s total revenue was $572.39 M,
an increase of 16.43% from the previous year.
In 2023, Vertex, Inc.'s net income was -$13.09 M.
See Vertex, Inc.’s key income statements, including revenue, expenses, profit, and income.
| Period |
FY-2023
|
FY-2022
|
FY-2021
|
FY-2020
|
FY-2019
|
FY-2018
|
| Period Ended |
12/31/2023 |
12/31/2022 |
12/31/2021 |
12/31/2020 |
12/31/2019 |
12/31/2018 |
| Operating Revenue |
$572.39 M
|
$491.62 M
|
$425.55 M
|
$374.67 M
|
$321.50 M
|
$272.40 M
|
| Cost of Revenue |
$223.81 M |
$193.13 M |
$161.89 M |
$165.39 M |
$110.38 M |
$95.70 M |
| Gross Profit |
$348.58 M |
$298.49 M |
$263.66 M |
$209.28 M |
$211.12 M |
$176.71 M |
| Gross Profit Ratio |
0.61 |
0.61 |
0.62 |
0.56 |
0.66 |
0.65 |
| Research and Development
Expenses |
$58.21 M
|
$41.88 M
|
$44.02 M
|
$54.34 M
|
$30.56 M
|
$23.76 M
|
| General & Administrative
Expenses |
$145.94 M
|
$121.65 M
|
$107.01 M
|
$149.06 M
|
$71.01 M
|
$58.95 M
|
| Selling & Marketing
Expenses |
$140.24 M
|
$125.34 M
|
$99.01 M
|
$99.42 M
|
$68.13 M
|
$56.90 M
|
| Selling, General &
Administrative Expenses |
$286.17 M
|
$246.99 M
|
$206.01 M
|
$248.48 M
|
$139.14 M
|
$115.85 M
|
| Other Expenses |
$21.70 M |
$17.71 M |
$16.57 M |
$11.22 M |
$9.57 M |
$7.25 M |
| Operating Expenses |
$366.09 M |
$306.57 M |
$266.60 M |
$314.04 M |
$179.27 M |
$146.85 M |
| Cost And Expenses |
$579.81 M |
$499.71 M |
$428.49 M |
$479.42 M |
$289.65 M |
$242.54 M |
| Interest Income |
$0.00 |
$1.68 M |
$984,000.00 |
$1.72 M |
$1.08 M |
$526,000.00 |
| Interest Expense |
$4.16 M |
$2.05 M |
$984,000.00 |
$3.11 M |
$2.04 M |
$1.59 M |
| Depreciation &
Amortization |
$74.46 M
|
$76.28 M
|
$56.73 M
|
$32.22 M
|
$25.19 M
|
$24.90 M
|
| EBITDA |
-$2.31 M
|
$53.07 M
|
$41.84 M
|
-$72.54 M
|
$58.13 M
|
$22.07 M
|
| EBITDA Ratio |
-0 |
0.11 |
0.1 |
-0.19 |
0.18 |
0.2 |
| Operating Income Ratio
|
-0.01
|
-0.02
|
-0.01
|
-0.28
|
0.1
|
-0.01
|
| Total Other
Income/Expenses Net |
-$14.25 M
|
-$2.05 M
|
-$984,000.00
|
-$3.11 M
|
-$953,000.00
|
-$34.41 M
|
| Income Before Tax |
-$21.67 M |
-$10.13 M |
-$3.93 M |
-$107.87 M |
$30.90 M |
-$4.43 M |
| Income Before Tax Ratio
|
-0.04
|
-0.02
|
-0.01
|
-0.29
|
0.1
|
-0.02
|
| Income Tax Expense |
-$8.58 M |
$2.17 M |
-$2.45 M |
-$28.93 M |
$7.83 M |
$1.68 M |
| Net Income |
-$13.09 M |
-$12.30 M |
-$1.48 M |
-$78.94 M |
$23.08 M |
-$6.11 M |
| Net Income Ratio |
-0.02 |
-0.03 |
-0 |
-0.21 |
0.07 |
-0.02 |
| EPS |
-0.0862 |
-0.0822 |
-0.01 |
-0.54 |
0.21 |
-29.08 |
| EPS Diluted |
-0.0862 |
-0.0822 |
-0.01 |
-0.54 |
0.21 |
-29.08 |
| Weighted Average Shares
Out |
$151.86 M
|
$149.65 M
|
$147.78 M
|
$146.44 M
|
$146.17 M
|
$210,000.00
|
| Weighted Average Shares
Out Diluted |
$151.86 M
|
$149.65 M
|
$147.78 M
|
$146.44 M
|
$146.17 M
|
$210,000.00
|
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