VERX
Vertex, Inc.
VERX
12.14USD
+1.68%
Sep 25, 2026
Price
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Price Action
Price trend is broken
Longer-term context reads damaged structure, with a near-term setup of distribution pressure.
The tactical setup reads distribution pressure, but the weekly structure is broken.
EntryWeak / unconfirmed recovery
The daily chart may be improving, but the weekly fast averages have not been reclaimed — the recovery is not yet confirmed on the higher timeframe.
Key Financials
- Market Cap
- $964.0M
- Avg Volume (60D)
- 2.2M
- Revenue Growth YoY
- +12.2%
- Gross Margin
- +64.0%
- Operating Margin
- -1.7%
- Free Cash Flow Yield
- +7.4%
- P/E
- 607.0x
- EV / EBITDA
- 55.3x
- EV / Sales
- 1.4x
60 sessions
FY2025 vs FY2024
Trailing twelve months
Trailing twelve months
Market metrics as of Aug 11, 2026
Financial results for the period ended Jun 30, 2026
Filed balance-sheet data as of Jun 30, 2026
Fundamentals & Valuation
One of the two valuation perspectives says cheap; peers is the dissenting view. The published stance is held at fair because operating losses behind the low multiple.
Vertex, Inc. has a Fair valuation stance because the price broadly reflects how much growth and cash flow it delivers per turn of revenue multiple, with upside and risk reasonably balanced.
Company Research
Thesis
Direct beneficiary and enterprise-focused pure play in automated indirect-tax determination, compliance reporting, e-invoicing, and tax-content workflow automation.
Opportunity
Moderate opportunity
Government adoption of digital VAT, e-invoicing, continuous transaction controls, and near-real-time reporting is increasing the need for enterprises to automate transaction-tax calculation, documentation, filing, and transmission across jurisdictions.
Key risk
Regulatory changes impacting product relevance.
Narrative & Theme
Digitalization of Tax Administration
Part of Real-Time Indirect-Tax Reporting and E-Invoicing Compliance, with strong fit.
Vertex is not merely generic enterprise software: it sells tax software, content, and services that automate transaction-based indirect-tax obligations, including sales and use tax, VAT, compliance reporting, returns, and e-invoicing.
Narrative HeatNeutral4.9 / 10
This reading is no longer current (last measured 2026-08-14). It is kept until the next scheduled measurement replaces it.
Theme HeatNeutral6.5 / 10
This is the company’s own research reading. The canonical heat measurement for this story has not run.
Business & Markets
Technology · Software - Application
What they do
Vertex, Inc. provides enterprise tax technology solutions that automate and manage indirect tax compliance and reporting for businesses primarily in retail, wholesale, and manufacturing sectors, operating both in the U.S. Internationally.
How it earns
The company generates revenue primarily through subscription-based software licensing and related services.
Products & services
Transaction determination software
Compliance and reporting tools
Tax data management solutions
Analytics and insights
Pre-built integrations
Customers & end markets
Retail trade companies
Wholesale trade companies
Manufacturing companies
Market position
Vertex is a recognized leader in enterprise tax technology solutions for indirect tax compliance.
Demand drivers
Low cyclicality
Demand for tax compliance software is relatively stable and driven by regulatory requirements rather than economic cycles.