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How Vertex, Inc. makes its money

Start with a dollar of revenue and follow what the filing says remains.

revenueBranching filed flows with values and percentages directly labeled. Missing filing concepts are omitted rather than estimated.Revenue$748M · 100%Cost of revenue$267M · 36%Gross profit$482M · 64%Operating income$2.3M · 0%Income before tax$7.6M · 1%Income tax$368000 · 0%Net income$7.2M · 1%As of 2025-12-31 · 1 SEC filing sourceBuy Like Buffett · buylikebuffett.com

Honest partial: the filing did not provide a normalized tag for Research and development, Selling, general and administrative; those components are omitted, not plugged.

Table alternative
Filed lineValue% of revenueSource
$748M100%
  • 10-K · FY 2025Filing detailsAccession 0001104659-26-019165 · filed Feb 24, 2026
Cost of revenue$267M36%
  • 10-K · FY 2025Filing detailsAccession 0001104659-26-019165 · filed Feb 24, 2026
$482M64%
  • 10-K · FY 2025Filing detailsAccession 0001104659-26-019165 · filed Feb 24, 2026
$2.3M0%
  • 10-K · FY 2025Filing detailsAccession 0001104659-26-019165 · filed Feb 24, 2026
Income before tax$7.6M1%
  • 10-K · FY 2025Filing detailsAccession 0001104659-26-019165 · filed Feb 24, 2026
Income tax$3680000%
  • 10-K · FY 2025Filing detailsAccession 0001104659-26-019165 · filed Feb 24, 2026
$7.2M1%
  • 10-K · FY 2025Filing detailsAccession 0001104659-26-019165 · filed Feb 24, 2026
Source:
  • 10-K · FY 2025Filing detailsAccession 0001104659-26-019165 · filed Feb 24, 2026
· event Dec 31, 2025 · retrieved Oct 16, 2026 · annual-row source set
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