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Midas Edge

Vertex, Inc.

For the period ended Dec 31, 2025. Filed Feb 24, 2026.

View on SEC.gov

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2025 · Filed Feb 24, 2026

VERX$17.84+3.1%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

See the whole filing, with its images and exhibits
Contents

Consolidated Statements of Stockholders’ Equity

(Amounts in thousands)

​​​​​​​​​​​​​​​​​​​​​​​​​​​​
​ · ​ · Common Stock · ​ · Treasury Stock · ​ · ​ · ​ · ​ · ​ · ​ · Accumulated · ​ · ​
​ · ​ · Outstanding · ​ · Class A · ​ · Outstanding · ​ · Class B · ​ · ​ · ​ · ​ · ​ · ​ · Additional · ​ · Retained Earnings · ​ · Other · ​ · Total
​ · ​ · Class A · ​ · Common · ​ · Class B · ​ · Common · ​ · Treasury · ​ · ​ · Treasury · ​ · Paid In · ​ · (Accumulated · ​ · Comprehensive · ​ · Stockholders'
​ · ​ · Shares · ​ · Stock · ​ · Shares · ​ · Stock · ​ · Shares · ​ · ​ · Stock · ​ · Capital · ​ · Deficit) · ​ · Income (Loss) · ​ · Equity
Balance, January 1, 2023​50,014​$50​100,307​$100​—​$—​$244,820​$12,507​$(27,752)​$229,725
Exercise of stock options, net​2,468​​3​—​​—​—​​—​​(29)​​—​​—​​(26)
Shares issued upon vesting of Restricted Stock Units, net​511​​1​—​​—​—​​—​​(4,690)​​—​​—​​(4,689)
Shares issued upon vesting of Restricted Stock Awards, net​198​​—​—​​—​—​​—​​(146)​​—​​—​​(146)
Shares issued in connection with ESPP​152​​—​—​​—​—​​—​​2,486​​—​​—​​2,486
Stock-based compensation expense​—​​—​—​​—​—​​—​​32,714​​—​​—​​32,714
Class B shares exchanged for Class A shares​7,646​​7​(7,646)​​(7)​—​​—​​—​​—​​—​​—
Unrealized gain from available-for-sale investments, net of tax​—​​—​—​​—​—​​—​​—​​—​​32​​32
Foreign currency translation adjustments and revaluations, net of tax​—​​—​—​​—​—​​—​​—​​—​​5,978​​5,978
Net loss​—​​—​—​​—​—​​—​​—​​(13,093)​​—​​(13,093)
Balance, December 31, 2023​60,989​​61​92,661​​93​—​​—​​275,155​​(586)​​(21,742)​​252,981
Exercise of stock options, net​2,455​​2​—​​—​—​​—​​1,435​​—​​—​​1,437
Shares issued upon vesting of Restricted Stock Units, net​846​​1​—​​—​—​​—​​(14,205)​​—​​—​​(14,204)
Shares issued upon vesting of Restricted Stock Awards, net​84​​—​—​​—​—​​—​​(290)​​—​​—​​(290)
Shares issued in connection with ESPP​116​​—​—​​—​—​​—​​2,998​​—​​—​​2,998
Stock-based compensation expense​—​​—​—​​—​—​​—​​44,811​​—​​—​​44,811
Class B shares exchanged for Class A shares​6,180​​7​(6,180)​​(7)​—​​—​​—​​—​​—​​—
Purchase of capped calls, net of tax​—​​—​—​​—​—​​—​​(31,517)​​—​​—​​(31,517)
Tax impact on capped calls​—​​—​—​​—​—​​—​​2​​—​​—​​2
Unrealized gain from available-for-sale investments, net of tax​—​​—​—​​—​—​​—​​—​​—​​13​​13
Foreign currency translation adjustments and revaluations, net of tax​—​​—​—​​—​—​​—​​—​​—​​(24,150)​​(24,150)
Net loss​—​​—​—​​—​—​​—​​—​​(52,729)​​—​​(52,729)
Balance, December 31, 2024​70,670​​71​86,481​​86​—​​—​​278,389​​(53,315)​​(45,879)​​179,352
Exercise of stock options, net​1,252​​1​—​​—​—​​—​​7,555​​—​​—​​7,556
Shares issued upon vesting of Restricted Stock Units, net​1,061​​1​—​​—​—​​—​​(28,089)​​—​​—​​(28,088)
Shares issued upon vesting of Restricted Stock Awards, net​34​​—​—​​—​—​​—​​—​​—​​—​​—
Shares issued upon vesting of Performance Stock Units, net​35​​—​—​​—​—​​—​​(711)​​—​​—​​(711)
Shares issued in connection with ESPP​203​​—​—​​—​—​​—​​4,236​​—​​—​​4,236
Stock-based compensation expense​—​​—​—​​—​—​​—​​54,943​​—​​—​​54,943
Class B shares exchanged for Class A shares​4,325​​4​(4,325)​​(4)​—​​—​​—​​—​​—​​—
Repurchases of shares​—​​—​—​​—​504​​(10,094)​​—​​—​​—​​(10,094)
Tax impact on capped calls​—​​—​—​​—​—​​—​​4​​—​​—​​4
Unrealized loss from available-for-sale investments, net of tax​—​​—​—​​—​—​​—​​—​​—​​(9)​​(9)
Foreign currency translation adjustments and revaluations, net of tax​—​​—​—​​—​—​​—​​—​​—​​44,520​​44,520
Net income​—​​—​—​​—​—​​—​​—​​7,211​​—​​7,211
Balance, December 31, 2025​77,580​$77​82,156​$82​504​$(10,094)​$316,327​$(46,104)​$(1,368)​$258,920

Vertex, Inc. and Subsidiaries

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.