VERX TechnologyBeta data

Vertex, Inc.

$15.26-3.60%

Price as of close on Nov 3, 2026 · Financials updated Sep 30, 2026

Basics

Sector: Technology
Industry: Software - Application
Country: United States
Market cap: 2.5B USD
Enterprise value: 2.6B USD
Full-time employees: 2,000

Overall health

Drawback: less profitable than most peersless profitable than peers
Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings
Drawback: higher risk than most peers: less short-term liquidity (current ratio 0.87 vs a peer median of 1.83) and more debt relative to equity (1.45× vs a peer median of 0.25×)higher risk: less liquidity (current ratio 0.87 vs peers 1.83) and more debt vs equity (1.45× vs peers 0.25×)

Ranks #1,338 of 1,612 technology companies (bottom 18%)

See how it ranks against its peers

Worth knowing

Cash flow well above reported profit. Free cash flow is 15.6× reported profit.
Free cash flow is 15.6× reported profit. Large non-cash charges, such as depreciation, amortization or stock-based pay, reduce reported profit without using cash.
Annual revenue rose 5 years in a row. Fiscal-year revenue rose from $375M in 2020 to $748M in 2025.
Vertex's fiscal-year revenue rose in each of the five years to 2025, from $375M to $748M.

StockQuotient Score

31/ 100▼ 1 since Oct 27 close

Oct 5 32 → Nov 4 31 (-1)

Fundamentals: Yahoo Finance, not primary filings

Valuation

Is the price right?

22/100

Weak▼ 1 since Oct 27 close

3/3 inputs reported · High confidence

Since last quarter: No major changeValuation also moves with the share price every day.

Why it changed since the Oct 27, 2026 close: Score 23 → 22

Peer companies moved-1

Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.

Why

Weaker than most peers on:

▼ EBITDA yield
▼ Earnings yield

Compare with peers

Behind the score

Sector-normalized EBITDA, earnings, and free cash flow yields.

Earnings yield0.1%

Yahoo Finance · trailing 12 monthsReported value30% base weight · Z-score -0.94Sector median: 0.0225 · MAD: 0.0225

EBITDA yield0.7%

Yahoo Finance · trailing 12 monthsReported value50% base weight · Z-score -0.97Sector median: 0.0423 · MAD: 0.0361

Free cash flow yield2.0%

Yahoo Finance · trailing 12 months · operating cash flow − capital spendingReported value20% base weight · Z-score -0.25Sector median: 0.0274 · MAD: 0.0274

Other data (not scored)

Book yield10.0%

Yahoo FinanceReported valueInformational · 0% composite weightSector median: 0.3292 · MAD: 0.1754

Growth

Is it growing?

68/100

Moderate

2/3 inputs reported · Partial data

Since last quarter: ▲ Stronger

12-month revenue up 2.5%

Why

Stronger than most peers on:

▲ 3-yr revenue

Compare with peers

Behind the score

Revenue and earnings-per-share growth over one year, and revenue growth over three years.

Earnings per share growthUnavailable

Missing · left out of the score · no sector data, so not countedNot counted · remaining weights rescaledSector median: 0.1108 · MAD: 0.3050

3-year revenue growth14.1%

SEC filings · 3 years to Jun 2026Reported value33% base weight · Z-score 1.17Sector median: 0.0483 · MAD: 0.0793

Revenue growth10.8%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score 0.23Sector median: 0.0853 · MAD: 0.1017

Profitability

Does it earn well?

24/100

Weak

3/3 inputs reported · High confidence

Since last quarter: ▲ Stronger

Turned profitable over the last 12 months

Why

Weaker than most peers on:

▼ ROIC
▼ Operating margin
▼ ROA

Compare with peers

Behind the score

Return on invested capital, operating margin, and return on assets.

Operating margin-1.7%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -1.13Sector median: 0.0631 · MAD: 0.0710

Return on assets0.3%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -0.73Sector median: 0.0293 · MAD: 0.0362

Return on invested capital-3.0%

SEC filings · 12 months to Jun 2026Reported value33% base weight · Z-score -1.14Sector median: 0.0676 · MAD: 0.0857

Other data (not scored)

Gross margin64.0%

Yahoo Finance · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.3343 · MAD: 0.1632

Return on equity1.5%

Yahoo Finance · trailing 12 monthsReported valueInformational · 0% composite weightSector median: 0.0753 · MAD: 0.0889

Risk

Debt, liquidity, price swings

Higher

Higher relative risk

3/3 inputs reported · High confidence

Since last quarter: No major change

Why

Weaker than most peers on:

▼ Current ratio
▼ Debt / equity

Compare with peers

Behind the score

Relative to sector peers: 0 = lower relative risk · 1 = moderate · 2 = higher. Based on leverage, beta and liquidity.

Beta0.82

Yahoo Finance · 5-year monthly beta vs the marketReported value33% base weight · Z-score 0.13Sector median: 0.8710 · MAD: 0.3700

Current ratio0.87×

Yahoo FinanceReported value33% base weight · Z-score -1.40Sector median: 1.8295 · MAD: 0.6848

Debt / equity1.45×

Yahoo FinanceReported value33% base weight · Z-score -5.29Sector median: 0.2495 · MAD: 0.2270

Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.

Questions investors ask about Vertex

Is Vertex getting weaker?: Its latest SEC filing (Aug 4, 2026) got stronger: turned profitable over the last 12 months. Its overall score is 31/100, down 1 since Oct 28, 2026.
How is Vertex valued vs its peers?: Priced higher than most peers relative to what it earns. Valuation scores 22/100 against 1,711 technology peers. EBITDA yield 0.7% vs a peer median of 4.2% (weaker than 76% of peers).EBITDA yield 0.7% vs peers 4.2% (weaker than 76% of peers).
Is Vertex growing?: Yes, faster than most of its peers. Growth scores 68/100 against 1,711 technology peers. 3-year revenue growth 14.1% vs a peer median of 4.8% (stronger than 76% of peers).3-year revenue growth 14.1% vs peers 4.8% (stronger than 76% of peers).
How profitable is Vertex?: Less profitable than most of its peers. Profitability scores 24/100 against 1,711 technology peers. Return on invested capital -3.0% vs a peer median of 6.8% (weaker than 79% of peers).Return on invested capital -3.0% vs peers 6.8% (weaker than 79% of peers).
How risky is Vertex?: Higher risk relative to 1,711 technology peers, judged on debt, liquidity and share-price swings. Current ratio 0.87× vs a peer median of 1.83× (weaker than 93% of peers).Current ratio 0.87× vs peers 1.83× (weaker than 93% of peers). A relative measure, not a bankruptcy probability.

Latest filing: what changed

Quarter ended Jun 30, 2026 · filed Aug 4, 2026 · compared with the quarter ended Mar 31, 2026

Got stronger

Turned profitable over the last 12 months

	Previous quarter	Latest quarter	Change
Revenue (12 months)	768.0M USD	787.4M USD	+2.5%
Net income (12 months)	−6.4M USD	3.6M USD	turned positive
Operating margin	-1.7%	-1.7%	−0.0 pts
Debt	338.0M USD	338.6M USD	+0.2%
Cash	252.5M USD	230.5M USD	−8.7%

From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.

Industry valuation context

Industry: Software - Application · 81 companies

Valuations in Software - Application are near the bottom of their range since 2016.

6% of months since 2016 were valued lower than now.
8% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values −16% and earnings +31% (medians): earnings grew faster than prices.
Median price-to-sales is +85% vs the whole market, against a usual +235%.

2016Shaded: most expensive fifth of its range2026

Financials

Fiscal years from SEC annual filings · change vs the prior year

Key ratios	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	Change
Gross margin	62.0%	60.7%	60.9%	63.9%	64.3%	▲ 0.4 pts
Operating margin	-0.7%	-1.6%	-3.1%	-0.3%	0.3%	▲ 0.6 pts
Net margin	-0.3%	-2.5%	-2.3%	-7.9%	1.0%	▲ 8.9 pts
Return on assets (ROA)	-0.2%	-1.7%	-1.7%	-4.5%	0.6%	▲ 5.1 pts
Return on equity (ROE)	-0.6%	-5.4%	-5.2%	-29.4%	2.8%	▲ 32 pts
Free cash flow margin	13.8%	3.7%	4.4%	14.0%	—	—
Current ratio	0.53×	0.60×	0.60×	1.00×	0.98×	▼ 2.2%
Debt to equity	—	0.21×	0.18×	1.87×	1.30×	▼ 30%

VERX price history

Price history is added with the daily price update and will appear after the next one.

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Bringing the fundamentals into focus…

Overall health

Drawback: less profitable than most peersless profitable than peers

Drawback: its shares are priced higher than most peers relative to what it earnspriced higher than peers for its earnings

Drawback: higher risk than most peers: less short-term liquidity (current ratio 0.87 vs a peer median of 1.83) and more debt relative to equity (1.45× vs a peer median of 0.25×)higher risk: less liquidity (current ratio 0.87 vs peers 1.83) and more debt vs equity (1.45× vs peers 0.25×)

Ranks #1,338 of 1,612 technology companies (bottom 18%)

See how it ranks against its peers

Worth knowing

Cash flow well above reported profit. Free cash flow is 15.6× reported profit.

Free cash flow is 15.6× reported profit. Large non-cash charges, such as depreciation, amortization or stock-based pay, reduce reported profit without using cash.

Annual revenue rose 5 years in a row. Fiscal-year revenue rose from $375M in 2020 to $748M in 2025.

Vertex's fiscal-year revenue rose in each of the five years to 2025, from $375M to $748M.

Questions investors ask about Vertex

Is Vertex getting weaker?

Its latest SEC filing (Aug 4, 2026) got stronger: turned profitable over the last 12 months. Its overall score is 31/100, down 1 since Oct 28, 2026.

How is Vertex valued vs its peers?

Priced higher than most peers relative to what it earns. Valuation scores 22/100 against 1,711 technology peers. EBITDA yield 0.7% vs a peer median of 4.2% (weaker than 76% of peers).EBITDA yield 0.7% vs peers 4.2% (weaker than 76% of peers).

Is Vertex growing?

Yes, faster than most of its peers. Growth scores 68/100 against 1,711 technology peers. 3-year revenue growth 14.1% vs a peer median of 4.8% (stronger than 76% of peers).3-year revenue growth 14.1% vs peers 4.8% (stronger than 76% of peers).

How profitable is Vertex?

Less profitable than most of its peers. Profitability scores 24/100 against 1,711 technology peers. Return on invested capital -3.0% vs a peer median of 6.8% (weaker than 79% of peers).Return on invested capital -3.0% vs peers 6.8% (weaker than 79% of peers).

How risky is Vertex?

Higher risk relative to 1,711 technology peers, judged on debt, liquidity and share-price swings. Current ratio 0.87× vs a peer median of 1.83× (weaker than 93% of peers).Current ratio 0.87× vs peers 1.83× (weaker than 93% of peers). A relative measure, not a bankruptcy probability.

Previous quarter

Latest quarter

Change

Revenue (12 months)

768.0M USD

787.4M USD

+2.5%

Net income (12 months)

−6.4M USD

3.6M USD

turned positive

Operating margin

-1.7%

-1.7%

−0.0 pts

Debt

338.0M USD

338.6M USD

+0.2%

Cash

252.5M USD

230.5M USD

−8.7%

Key ratios

FY 2021

FY 2022

FY 2023

FY 2024

FY 2025

Change

Gross margin

62.0%

60.7%

60.9%

63.9%

64.3%

▲ 0.4 pts

Operating margin

-0.7%

-1.6%

-3.1%

-0.3%

0.3%

▲ 0.6 pts

Net margin

-0.3%

-2.5%

-2.3%

-7.9%

1.0%

▲ 8.9 pts

Return on assets (ROA)

-0.2%

-1.7%

-4.5%

0.6%

▲ 5.1 pts

Return on equity (ROE)

-0.6%

-5.4%

-5.2%

-29.4%

2.8%

▲ 32 pts

Free cash flow margin

13.8%

3.7%

4.4%

14.0%

—

Current ratio

0.53×

0.60×

1.00×

0.98×

▼ 2.2%

Debt to equity

—

0.21×

0.18×

1.87×

1.30×

▼ 30%