The financials
Vertex, Inc. by the numbers
Vertex, Inc. (VERX) reported revenue of $197M in Q1 2026 (quarter ended Mar 31, 2026), up 11% from the same quarter a year earlier. That came with a gross margin of 63% and net loss of $2.5M. For the full year FY2025, revenue was $748M (+12% year on year) and net income $7.2M. Its largest product in Jun 2026 was License And Service at $175M, 86% of the disclosed total, well ahead of Service Other at 14%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $197M | $177M | +11% |
| Gross profit | $125M | $113M | +11% |
| Operating income | −$11M | $4.5M | to a loss |
| Net income | −$2.5M | $11M | to a loss |
| Product | Revenue | Share |
|---|---|---|
| License And Service | $175M | 86% |
| Service Other | $29M | 14% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Jun 2026Total $204.0M (+3.7%)
License And Service grew +11% year on yearService Other +9.4% year on year
Segment Latestquarter on quarteryear on year
- License And Service$174.8M$174.8MQoQ +4.6%year on year +11%+4.6%+11%
- Service Other$29.2M$29.2MQoQ -0.96%year on year +9.4%-0.96%+9.4%
Software - Application
Ranks #71 of 72 by Smart Score