Vertex Inc
For the period ended Dec 31, 2024. Filed Feb 27, 2025.
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FY2024 · Filed Feb 27, 2025
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 exhibitsContents
Consolidated Statements of Stockholders’ Equity
(Amounts in thousands)
| | | | | | | | | | | | | | | | | | | | | | | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| · · · · · · · · · · · · · · · · · Accumulated · · | ||||||||||||||||||||||
| · · Outstanding · · Class A · · Outstanding · · Class B · · Additional · Retained Earnings · · Other · Total | ||||||||||||||||||||||
| · · Class A · · Common · · Class B · · Common · · Paid In · · (Accumulated · · Comprehensive · · Stockholders' | ||||||||||||||||||||||
| · · Shares · Stock · Shares · Stock · Capital · Deficit) · Income (Loss) · Equity | ||||||||||||||||||||||
| Balance, January 1, 2022 | | 42,286 | | $42 | | 106,807 | | $107 | | $222,621 | | $24,811 | | $(17,497) | | $230,084 | ||||||
| Exercise of stock options, net | | 800 | | | 1 | | — | | | — | | | 1,164 | | | — | | | — | | | 1,165 |
| Shares issued upon vesting of Restricted Stock Units, net | | 48 | | | — | | — | | | — | | | (283) | | | — | | | — | | | (283) |
| Shares issued upon vesting of Restricted Stock Awards, net | | 173 | | | — | | — | | | — | | | (164) | | | — | | | — | | | (164) |
| Shares issued in connection with ESPP | | 207 | | | — | | — | | | — | | | 1,951 | | | — | | | — | | | 1,951 |
| Stock-based compensation expense | | — | | | — | | — | | | — | | | 19,531 | | | — | | | — | | | 19,531 |
| Class B shares exchanged for Class A shares | | 6,500 | | | 7 | | (6,500) | | | (7) | | | — | | | — | | | — | | | — |
| Unrealized loss from available-for-sale investments, net of tax | | — | | | — | | — | | | — | | | — | | | — | | | (36) | | | (36) |
| Foreign currency translation adjustments and revaluations, net of tax | | — | | | — | | — | | | — | | | — | | | — | | | (10,219) | | | (10,219) |
| Net loss | | — | | | — | | — | | | — | | | — | | | (12,304) | | | — | | | (12,304) |
| Balance, December 31, 2022 | | 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 | ||||||
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.