Flagship explainer
How Vertex, Inc. makes its money
Start with a dollar of revenue and follow what the filing says remains.
Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.
| Filed line | Value | % of revenue | Source |
|---|---|---|---|
| $748M | 100% |
| |
| Cost of revenue | $267M | 36% |
|
| $482M | 64% |
| |
| $2.3M | 0% |
| |
| Income before tax | $7.6M | 1% |
|
| Income tax | $368000 | 0% |
|
| $7.2M | 1% |
|
Source:
- SEC filing · FY 2025Filing detailsAccession 0001104659-26-019165