Vertex (VERX) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Vertex

NasdaqGM•Technology•Software - Application

$12.58-0.31(-0.02%)Pre-market

Market Cap

$1.01B

P/E

282.7x

P/S

1.3x

P/B

4.2x

Vertex, Inc., together with its subsidiaries, provides enterprise tax technology solutions for retail trade, wholesale trade, and manufacturing industries in the United States and internationally. The company offers transaction determination; compliance and reporting, including workflow management tools; tax data management and document management solutions; analytics and insights; pre-built integration that includes mapping data fields, and business logic and configurations; industry-specific solutions support certain industries for indirect tax needs, such as retail, communications, and leasing; and technology specific solutions, such as chain flow accelerator and SAP-specific tools. It provides implementation services, such as configuration, data migration and implementation, and support and training; E-invoicing, an end-to-end e-invoicing process; and managed services, including indirect tax return preparation, filing and tax payment, and notice management. The company sells its software products through software licenses and software as a service subscription. Vertex, Inc. has a strategic collaboration with xSuite Group GmbH to support SAP customers. The company was founded in 1978 and is headquartered in King of Prussia, Pennsylvania.

How this company scores

GoodMetricSide Score: 62/100

Strongest: Growth (23/25); weakest: Profitability (11/25).

Profitability11/25

Growth23/25

Balance Sheet & Red Flags13/25

Cash & Earnings Quality15/25

Strengths

Rising free cash flowRising earningsProfit converts from growthConsistent growth

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 282.7x5y range 114.2x – 384.3x

Currently near its 5-quarter median.

P/S · 1.3x5y range 1.2x – 7.0x

Currently below its 20-quarter median.

P/B · 4.2x5y range 3.9x – 26.2x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

FCF consistently trails net income (avg -2.8x) — earnings may be inflated by non-cash items or aggressive accounting.

Price & Volume

Market Cap $1.01B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $787.44M
Q. Revenue: $203.97M
TTM EBITDA: $94.07M
TTM Op. Income: $-13.34M
Q. Op. Income: $-4.44M
TTM Net Income: $3.58M
Q. Net Income: $9.04M
EPS: $0.06
Shares Out.: $82.16M

$787.44M in TTM revenue grew 10.8% YoY, reaching $203.97M last quarter. TTM EBITDA of $94.07M and TTM operating income of $-13.34M show growth is flowing through to the bottom line. TTM net income of $3.58M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 7 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 64.4%
EBITDA Margin: 12.1%
Op. Margin: -2.2%
Net Margin: 4.4%

Op. margin of -2.2% is down 0.1% YoY — costs are rising relative to revenue. Net margin at 4.4% and gross margin of 64.4% show how much of each revenue dollar survives to profit. Over the past year, operating margin is down 4% — an improving trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 282.7x
P/S Ratio: 1.3x
P/B Ratio: 4.2x

At 282.7x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 1.3x and P/B of 4.2x provide additional context. Use the growth and margin sections to judge whether the multiple is justified. Across the last 3 quarters, P/E has risen for 2 consecutive quarters — a weakening trend.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $1.21B
Cash: $230.49M
Long-Term Debt: $338.61M
Book Value: $241.11M
D/E Ratio: 1.4
Debt/EBITDA: 13.7

With $1.21B in assets and $338.61M in long-term debt, D/E is 1.4and book value is $241.11M — moderate leverage. Across the last 8 quarters, debt/equity has risen for 3 consecutive quarters — a weakening trend.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $30.90M
TTM Free Cash Flow: $98.31M
FCF Margin: 12.5%
FCF / Net Income: 27.5

TTM FCF of $98.31M on $30.90M in operating cash flow. The FCF / Net Income ratio of 27.5x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 2 consecutive quarters — an improving trend.