Vertex, Inc.VERX

Market cap
$3.2B
P/E ratio
Dec 31,
2020
Dec 31,
2021
Dec 31,
2022
Dec 31,
2023
Dec 31,
2024
Net loss--1-12-13-53
Depreciation and amortization3245617283
Amortization of cloud computing implementation costs---34
Provision for subscription cancellations and non-renewals00-020
Amortization of issuance costs00002
Change in fair value of contingent consideration liabilities----15
Change in settlement value of deferred purchase commitment liability-----0
Write Off Deferred Financing Costs1-0-0
Stock-based compensation expense14826203447
Deferred income taxes-30-3-1-1251
Non-cash operating lease costs-4333
Other-0-1-4-50
Accounts receivable7-3264522
Prepaid expenses and other current assets250614
Deferred commissions11366
Accounts payable-241912
Accrued expenses53156-12
Accrued and deferred compensation-1-4-1289
Deferred revenue1825311851
Operating lease liabilities--5-4-4-4
Payments for purchase commitment and contingent consideration liabilities in excess of initial fair value-----4
Other-0-113
Net cash provided by operating activities60927774165
Acquisition of businesses and assets, net of cash acquired----72
Property and equipment additions----66
Capitalized software additions----21
Purchase of investment securities, available-for-sale--171616
Proceeds from sales and maturities of investment securities, available-for-sale--51817
Net cash used in investing activities-44-296-85-66-158
Increase Decrease In Customer Funds Obligations214-11610
Proceeds from term loan--50--
Proceeds from Convertible Debt----345
Principal payments on long-term debt226-1247
Payments on third-party debt----4
Payment for purchase of capped calls----42
Payments for deferred financing costs--1113
Proceeds from purchases of stock under ESPP-2223
Payments for taxes related to net share settlement of stock-based awards151311022
Proceeds from Stock Options Exercised92258
Distributions under Tax Sharing Agreement-31--
Payments for purchase commitment and contingent consideration liabilities-11068
Payments of finance lease liabilities----0
Payments for deferred purchase commitments--2020-
Net cash provided by (used in) financing activities214-917-26231
Effect of exchange rate changes on cash, cash equivalents and restricted cash-0-0-01-1
Net increase (decrease) in cash, cash equivalents and restricted cash229-2149-18237