The financials
Vertex, Inc. by the numbers
Vertex, Inc. (VERX) reported revenue of $197M in Q1 2026 (quarter ended March 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 2026-Q1 was Cloud Subscriptions at $97M, 49% of the disclosed total, just ahead of Software Licenses at 36%.
| 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 |
|---|---|---|
| Cloud Subscriptions | $97M | 49% |
| Software Licenses | $70M | 36% |
| Service Other | $30M | 15% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q1 2026Total $196.6M (+2.4%)
Cloud Subscriptions grew +21% year on yearSoftware Licenses -0.33% year on year
Segment Latestquarter on quarteryear on year
- Cloud Subscriptions$96.8M$96.8MQoQ +5.2%year on year +21%+5.2%+21%
- Software Licenses$70.4M$70.4MQoQ -3.4%year on year -0.33%-3.4%-0.33%
- Service Other$29.5M$29.5MQoQ +8.1%year on year +12%+8.1%+12%
Software - Application
Ranks #78 of 90 by Smart Score