Vertex Inc

For the period ended Dec 31, 2023. Filed Feb 29, 2024.

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.

FY2023 · Filed Feb 29, 2024

VERX$17.30+1.3%Stored close · as of Nov 9, 2026

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

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Contents

Consolidated Statements of Comprehensive Loss


	For the year ended December 31,
· 2023 · · 2022 · · 2021
Revenues: · · ·
Software subscriptions		$480,830	$415,473	$358,415
Services		91,557	76,151	67,133
Total revenues		572,387	491,624	425,548
Cost of revenues:
Software subscriptions		162,920	142,071	116,194
Services		60,888	51,061	45,698
Total cost of revenues		223,808	193,132	161,892
Gross profit		348,579	298,492	263,656
Operating expenses:
Research and development		58,212	41,877	44,018
Selling and marketing		140,237	125,335	99,005
General and administrative		145,936	121,651	107,009
Depreciation and amortization		15,202	12,440	11,678
Other operating expense, net		6,502	5,271	4,888
Total operating expenses		366,089	306,574	266,598
Loss from operations		(17,510)	(8,082)	(2,942)
Interest expense, net		4,164	2,048	984
Loss before income taxes		(21,674)	(10,130)	(3,926)
Income tax expense (benefit)		(8,581)	2,174	(2,447)
Net loss		(13,093)	(12,304)	(1,479)
Other comprehensive (income) loss:
Foreign currency translation adjustments and revaluations, net of tax		(5,978)	10,219	14,370
Unrealized (gain) loss on investments, net of tax		(32)	36	—
Total other comprehensive (income) loss, net of tax		(6,010)	10,255	14,370
Total comprehensive loss		$(7,083)	$(22,559)	$(15,849)

Net loss attributable to Class A stockholders, basic		$(4,721)	$(3,771)	$(357)
Net loss per Class A share, basic		$(0.09)	$(0.08)	$(0.01)
Weighted average Class A common stock, basic		54,753	45,864	35,647
Net loss attributable to Class A stockholders, diluted		$(4,721)	$(3,771)	$(357)
Net loss per Class A share, diluted		$(0.09)	$(0.08)	$(0.01)
Weighted average Class A common stock, diluted		54,753	45,864	35,647
Net loss attributable to Class B stockholders, basic		$(8,372)	$(8,533)	$(1,122)
Net loss per Class B share, basic		$(0.09)	$(0.08)	$(0.01)
Weighted average Class B common stock, basic		97,106	103,781	112,133
Net loss attributable to Class B stockholders, diluted		$(8,372)	$(8,533)	$(1,122)
Net loss per Class B share, diluted		$(0.09)	$(0.08)	$(0.01)
Weighted average Class B common stock, diluted		97,106	103,781	112,133

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.