VERX at a glance
Vertex, Inc. (VERX, SEC CIK 1806837) filed its latest 10-K annual report on February 24, 2026, a 10-Q quarterly report on August 4, 2026, an 8-K current report on October 1, 2026 and Form 4 insider filings as recently as June 12, 2026. SignalX summarizes each filing with AI and tracks the company's insider trades and institutional holders.
- For the fiscal year ended December 31, 2025 (FY2025), Vertex, Inc. (VERX) reported revenue of $748.4 million (up 12.2% from FY2024) and net income of $7.2 million.
- As of June 30, 2026, 30 institutional investment managers tracked by SignalX reported holding Vertex, Inc. (VERX) shares worth $374.8 million in 13F-HR filings.
- The most recent insider open-market sale reported on Form 4 was by DeStefano David on May 28, 2026 of 6,460 shares at $12.75 per share.
Source: SEC EDGAR (XBRL financial data, 13F-HR and Form 4 filings).
- Revenue · FY2025
- $748.4M
- +12.2% vs prior year
- Insiders · 90 days
- 0 buys · 0 sells
- No open-market trades
- 13F holders
- 30 funds
- $374.8M · +3 vs prior quarter
- Latest 8-K
- Oct 1, 2026
- Item 5.02
AI 10-K Annual Report Analysis
Latest 10-K, fiscal year ended Dec 31, 2025
Business Overview
- Core business: enterprise tax compliance software, data, and services automating transaction-based indirect tax obligations globally
- New AI-powered Smart Categorization launched in 2025 to automate product SKU tax classification across jurisdictions
- Strategic partnership with Kintsugi AI in 2025 to target SMBs with AI-driven tax compliance powered by Vertex engine
- Customer base grew to 4,867 direct customers with ARR per customer $137,867 as of Dec 31, 2025
- Expanded e-invoicing solution presence to 38 countries and formed partnership with NITIS SAS to boost Latin America footprint
Risk Factors
- No specific or timely regulatory or legal risk detailed in the text
- No geopolitical or macroeconomic threat with concrete exposure noted
- Cybersecurity risk governance centralized under SVP of Information Security with 20+ years experience and quarterly reporting to Audit Committee
- No named competitor or technology presenting competitive disruption risk disclosed
- Key-person dependency on SVP of Information Security, Chief Technology Officer, and Chief Digital Officer for cybersecurity risk management oversight
Management Discussion & Analysis
- Revenue $748.4M, up 12.2% YoY from $666.8M; software subscriptions $639.7M (+12.8%), services $108.8M (+9.2%)
- Gross margin 64.3% vs 63.9%; operating margin 0.3% vs -0.3% in prior year
- Best segment software subscriptions revenue $639.7M (+12.8%); worst segment services revenue $108.8M (+9.2%) but higher cost increase by 21.4%
- Adjusted EBITDA $161.5M up from $151.9M; stock repurchase program authorized for $150M; investment $15M in Kintsugi AI startup; no dividend disclosed
- Management expects continued investments for growth and scaling, cloud migration trends, and increased costs may pressure near-term profitability
AI summary of the VERX 10-K filed . Generated from the filing text; verify against the original.View on SEC EDGARHow to read a 10-K
AI 10-Q Quarterly Report Analysis
Latest 10-Q, quarter ended Jun 30, 2026
Risk Factors
- No material changes to risk factors from the 2025 Annual Report and March 31, 2026 Form 10-Q
- Carried-forward business, operational, and market risks incorporated by reference
- Carried-forward regulatory, legal, and compliance risks incorporated by reference
- Carried-forward liquidity, debt, currency, and concentration risks incorporated by reference
AI summary of the VERX 10-Q filed . Generated from the filing text; verify against the original.View on SEC EDGAR10-K vs 10-Q vs 8-K
AI 8-K Current Report Analysis
The most recent material events, by 8-K item
Item 5.02: Departure/Appointment of Directors or Principal Officers
- Debanjan Saha elected independent Class II director effective October 7, 2026, with term through 2028 annual meeting
- AI and cloud leadership from DataRobot, Google Cloud, and AWS adds technology expertise to Vertex’s board
Item EX-99.1: Item EX-99.1
- Q2 revenue $204.0M, up 10.5% YoY; subscription revenue $174.8M, up 10.7%
- ARR $703.4M, up 10.5%; NRR 105% versus 108% prior-year, signaling slower customer expansion
Item 2.02: Results of Operations and Financial Condition
- Item 2.02 covers Vertex’s fiscal-year 2026 results announcement dated August 3, 2026
- Detailed financial results and management commentary are contained in Exhibit 99.1
Item 5.07: Submission of Matters to a Vote of Security Holders
- Three director nominees elected through 2029 Annual Meeting, with 815.9M–837.3M votes in favor
- Christopher Young received strongest support, with 837.3M votes for and 1.7M withheld
AI summaries of VERX 8-K current reports filed with the SEC. What 8-K item codes mean
SignalX for VERX
Don't miss the next VERX filing
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- Fund moves. Which tracked funds opened, added or cut VERX, by share count.
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Recent Insider Transactions (Form 4)
Latest reported trades by officers, directors and 10% owners
| Insider | Type | Date | Shares | Price |
|---|---|---|---|---|
| Gayton Bradley M | A | Jun 10, 2026 | 15,638 | - |
| Thompson Stefanie Westphal | A | Jun 10, 2026 | 15,638 | - |
| Radcliffe Amanda Westphal | A | Jun 10, 2026 | 15,638 | - |
| Stamm John Richard | A | Jun 10, 2026 | 15,638 | - |
| DeStefano David | A | Jun 10, 2026 | 15,638 | - |
| ANDERSEN ERIC C. | A | Jun 10, 2026 | 15,638 | - |
| Mendola Mark J | A | Jun 10, 2026 | 15,638 | - |
| Saunders Philip Seth | A | Jun 10, 2026 | 15,638 | - |
Financial SummaryXBRL
| Metric | FY2023 | FY2024 | FY2025 |
|---|---|---|---|
| Profitability | |||
| Revenue | $572.4M | $666.8M | $748.4M |
| Gross Profit | $348.6M | $426.1M | $481.6M |
| Operating Income | -$17.5M | -$2.2M | $2.3M |
| Net Income | - | -$52.7M | $7.2M |
| Gross Margin | 60.9% | 63.9% | 64.3% |
| Op. Margin | -3.1% | -0.3% | 0.3% |
| Net Margin | - | -7.9% | 1.0% |
| Balance Sheet | |||
| Total Assets | $759.9M | $1.2B | $1.3B |
| Equity | - | $179.4M | $258.9M |
| ROE | - | -29.4% | 2.8% |
| Cash Flow | |||
| Operating CF | $74.3M | $164.8M | $165.5M |
| CapEx | $49.3M | - | - |
Source: XBRL data in Vertex, Inc. (VERX)'s 10-K filings on SEC EDGAR, in USD. Compare across companies →
13F Fund Holdings: Quarterly Trend
Latest: Q2 2026Aggregate VERX share value held by 13F filers tracked by SignalX, by quarter.
Quarterly totals table
| Quarter | Funds | Total value |
|---|---|---|
| Q2 2026 | 30 | $374.8M |
| Q1 2026 | 27 | $398.7M |
| Q4 2025 | 24 | $544.3M |
| Q3 2025 | 26 | $666.1M |
| Q2 2025 | 30 | $975.4M |
| Q1 2025 | 25 | $699.8M |
| Q4 2024 | 22 | $1.03B |
| Q3 2024 | 19 | $263.2M |
- FMR LLC (Fidelity)+580.0K (+174%)
- BlackRock+576.8K (+10%)
- D.E. Shaw & Co+550.9K (+34%)
- Vanguard Portfolio Management LLC+203.5K (+4%)
- Two Sigma Investments+200.6K (+191%)
- Goldman Sachs Group−880.7K (-37%)
- JPMorgan Chase & Co−843.1K (-25%)
- Citadel Advisors LLC−575.7K (-50%)
- Millennium Management−537.9K (-82%)
- Dimensional Fund Advisors−322.1K (-55%)
- Allstate+47.6K
- Franklin Resources+38.6K
- ASSOCIATED BANC-CORP+10.0K
Source: 13F-HR filings on SEC EDGAR (aggregated from 203 fund-quarter rows). Reflects only 13F filers tracked by SignalX, not the full institutional ownership universe. How 13F filings work
VERX filing archive
AI analysis pages for each 10-K, 10-Q and 8-K
10-K annual reports
10-Q quarterly reports
Latest 2026 SEC Filings: 10-K, 10-Q, 8-K & Form 4
| Form | Filing date | Period | Analysis | SEC |
|---|---|---|---|---|
| 8-K | Oct 1, 2026 | - | Analysis | - |
| 10-Q | Aug 4, 2026 | Jun 30, 2026 | Analysis | |
| 8-K | Aug 3, 2026 | - | Analysis | - |
| 4 | Jun 12, 2026 | - | - | - |
| 4 | Jun 12, 2026 | - | - | - |
| 4 | Jun 12, 2026 | - | - | - |
| 4 | Jun 12, 2026 | - | - | - |
| 4 | Jun 12, 2026 | - | - | - |
| 4 | Jun 12, 2026 | - | - | - |
| 4 | Jun 12, 2026 | - | - | - |
| 4 | Jun 12, 2026 | - | - | - |
| 8-K | Jun 11, 2026 | - | Analysis | - |
| 4 | Jun 1, 2026 | - | - | |
| SC 13G | May 12, 2026 | - | - | |
| 8-K | May 7, 2026 | - | Analysis | |
| 10-Q | May 7, 2026 | Mar 31, 2026 | Analysis | |
| SC 13G | Apr 29, 2026 | - | - | |
| 8-K | Apr 28, 2026 | - | Analysis | - |
| 4 | Mar 9, 2026 | - | - | - |
| 4 | Feb 26, 2026 | - | - | - |
| 4 | Feb 25, 2026 | - | - | - |
| 4 | Feb 25, 2026 | - | - | - |
| 4 | Feb 25, 2026 | - | - | - |
| 4 | Feb 25, 2026 | - | - | - |
| 10-K | Feb 24, 2026 | Dec 31, 2025 | Analysis |
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VERX SEC filings: frequently asked questions
Which institutions hold VERX stock?
As of June 30, 2026, the largest Vertex, Inc. (VERX) holders among the 13F filers tracked by SignalX were BlackRock ($71.6 million), Vanguard Portfolio Management LLC ($57.2 million), Morgan Stanley ($47.4 million), Vanguard Capital Management LLC ($36.4 million), JPMorgan Chase & Co ($28.8 million). 13F-HR reports are filed up to 45 days after each quarter ends.
What was VERX's revenue in fiscal year 2025?
For the fiscal year ended December 31, 2025 (FY2025), Vertex, Inc. (VERX) reported revenue of $748.4 million (up 12.2% from FY2024) and net income of $7.2 million. The figures come from the XBRL data in the 10-K.
What are the main risks in VERX's latest 10-K?
In the 10-K filed February 24, 2026, Vertex, Inc. (VERX) flagged: No specific or timely regulatory or legal risk detailed in the text. No geopolitical or macroeconomic threat with concrete exposure noted. (AI summary of the Risk Factors section.)
What did VERX report in its latest 8-K?
Vertex, Inc. (VERX) filed an 8-K on October 1, 2026 reporting Item 5.02 (Departure/Appointment of Directors or Principal Officers). Debanjan Saha elected independent Class II director effective October 7, 2026, with term through 2028 annual meeting.
What are the latest VERX SEC filings?
Vertex, Inc. (VERX) filed its latest 10-K annual report on February 24, 2026, a 10-Q quarterly report on August 4, 2026, an 8-K current report on October 1, 2026 and a Form 4 insider filing on June 12, 2026.
What is VERX's SEC CIK number?
Vertex, Inc. (VERX)'s SEC Central Index Key (CIK) is 1806837. EDGAR lists every VERX filing under that number.
Ask anything about VERX
The research agent reads VERX's filings, financials, insider trades and 13F holders, then answers with sources.