Vertex Inc
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
View on SEC.govAbout 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.
FY2024 · Filed Feb 27, 2025
VERX$17.30+1.3%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Comprehensive Loss
| | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|
| · · For the year ended December 31, | |||||||||
| · · 2024 · · 2023 · · 2022 | |||||||||
| · · | |||||||||
| Revenues: · · · | |||||||||
| Software subscriptions | | $567,124 | | $480,830 | | $415,473 | |||
| Services | | 99,652 | | 91,557 | | 76,151 | |||
| Total revenues | | 666,776 | | 572,387 | | 491,624 | |||
| Cost of revenues: | | | | ||||||
| Software subscriptions | | 175,580 | | 162,920 | | 142,071 | |||
| Services | | 65,071 | | 60,888 | | 51,061 | |||
| Total cost of revenues | | 240,651 | | 223,808 | | 193,132 | |||
| Gross profit | | 426,125 | | 348,579 | | 298,492 | |||
| Operating expenses: | | | | ||||||
| Research and development | | 66,666 | | 58,212 | | 41,877 | |||
| Selling and marketing | | 170,574 | | 140,237 | | 125,335 | |||
| General and administrative | | | 152,835 | | 145,936 | | 121,651 | ||
| Depreciation and amortization | | 20,953 | | 15,202 | | 12,440 | |||
| Change in fair value of acquisition contingent earn-outs | | 17,500 | | — | | — | |||
| Other operating expense (income), net | | (175) | | 6,502 | | 5,271 | |||
| Total operating expenses | | 428,353 | | 366,089 | | 306,574 | |||
| Loss from operations | | (2,228) | | (17,510) | | (8,082) | |||
| Interest expense (income), net | | (4,137) | | 4,164 | | 2,048 | |||
| Income (loss) before income taxes | | 1,909 | | (21,674) | | (10,130) | |||
| Income tax expense (benefit) | | 54,638 | | (8,581) | | 2,174 | |||
| Net loss | | (52,729) | | (13,093) | | (12,304) | |||
| Other comprehensive (income) loss: | | | | | | | |||
| Foreign currency translation adjustments, net of tax | | | 24,150 | | | (5,978) | | | 10,219 |
| Unrealized (gain) loss on investments, net of tax | | | (13) | | | (32) | | | 36 |
| Total other comprehensive (income) loss, net of tax | | | 24,137 | | | (6,010) | | | 10,255 |
| Total comprehensive loss | | $(76,866) | | $(7,083) | | $(22,559) | |||
| | | | | | | | | | |
| Net loss per share of Class A and Class B, basic | | $(0.34) | | $(0.09) | | $(0.08) | |||
| Net loss per share of Class A and Class B, dilutive | | $(0.34) | | $(0.09) | | $(0.08) | |||
| | | | | | | | | | |
| | | | | | | | | | |
Vertex, Inc. and Subsidiaries
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.