The table below shows Vertex, Inc.'s income statement line items across its last 6 fiscal years, exactly as reported in the company's audited annual filings. All figures are in US dollars; negative values appear in red.
Line item
FY 2025
FY 2024
FY 2023
FY 2022
FY 2021
FY 2020
Revenue
$748.44M
$666.78M
$572.39M
$491.62M
$425.55M
$374.67M
Cost of revenue
$266.84M
$240.65M
$223.81M
$193.13M
$161.89M
$165.39M
Gross profit
$481.60M
$426.13M
$348.58M
$298.49M
$263.66M
$209.28M
R&D
$83.72M
$66.67M
$58.21M
$41.88M
$44.02M
$54.34M
VERX annual revenue (10-K history)
Vertex, Inc. reported annual revenue of $748.44M for fiscal year 2025. That is up 12.2% from $666.78M in fiscal 2024. Over the 8 fiscal years shown, annual revenue grew from $272.40M (FY 2018) to $748.44M. Figures come from the company's audited annual reports as filed with the SEC.