Credit and interest ratesnegative · 4 filings
“Interest expense will vary as a result of fluctuations in the level of debt outstanding as well as interest rates on such debt.”10-Q · May 7, 2026 ↗
Vertex, Inc.
VERX
You’ve read what changed. Here’s whether the market is confirming it.
Market read
Vertex, Inc.'s move is being confirmed by its market group.
No new filing conclusion is available. 8 of 23 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 17 directly disclosed connections are confirming.
Company+0.3% todayVolume comparison unavailable
Market group8 of 23 activeReal Estate Services · inactive
Disclosed network0 of 8 confirmingNo filing-linked name is confirming now
What would change this read
Watch this read- At least 15 of 23 durable members become active together.
- Capital-flow agreement rises above 55%.
- A filing-linked outsider such as TPR begins moving with the group.
Invalidation: The live read weakens if participation falls to 8 of 23 members or fewer.
Research brief
The story so far
No new filing conclusion is available. 8 of 23 group members are active now; 0 filing-linked outsiders are moving with the group, and 0 of 17 directly disclosed connections are confirming.
Evidence that supports
No thresholded supportive filing evidence is available yet.
Evidence that challenges
No thresholded adverse filing evidence is available yet.
What would clarify the read
- At least 15 of 23 durable members become active together.
- Capital-flow agreement rises above 55%.
- A filing-linked outsider such as TPR begins moving with the group.
Company research
Understand the business, not just the ticker
Business model and earnings drivers
Use the company’s filings to identify the few operating, demand, cost, capital and regulatory variables that determine its earnings power.
Key research questions
- Which operating variable is changing?
- Is that change durable, cyclical or one-off?
- What evidence would disprove the current interpretation?
Annual periods8
Price observations346
Usable filing statements129
Verified relationships13
Evidence supporting the case
- Latest annual revenue changed +12.2% year over year.
- Net margin changed +8.9 percentage points in the latest annual period.
- Operating cash flow covered net income at 22.96x in the latest annual period.
- Pricing and mix has repeated favorable evidence across 4 filings.
Evidence challenging the case
No qualifying adverse evidence was identified; that is not proof there is no downside.
Questions before a position
No credible peer-relative valuation comparison is available yet.
Longer-term price context
Price as of Oct 7, 2026
12.336m+6.3%12m-50.9%24m—
Annual trajectory
Reported annual revenue and per-share history. This is accounting history, not a forecast.
PeriodRevenueYoYDiluted EPSShare change
2021-12-31$425.5M+13.6%——
2022-12-31$491.6M+15.5%——
2023-12-31$572.4M+16.4%——
2024-12-31$666.8M+16.5%——
2025-12-31$748.4M+12.2%——
What management says matters
Persistent and emerging business drivers
Legal and regulatory exposurepositive · 4 filings
“This increase in research and development expenses was primarily due to an increase in personnel costs related to development work associated with new solutions to address end-to-end data analysis and compliance needs of our customers, and continued expansion…”10-Q · May 7, 2026 ↗
Pricing and mixpositive · 4 filings
“The increase was primarily driven by $32.9 million of growth in revenues from existing customers through their expanded use of our solutions as well as price increases, and $36.2 million in growth of subscriptions of our solutions to new customers.”10-Q · May 7, 2026 ↗
Product pipeline and R&Dnegative · 4 filings
“For further information refer to Note 15, “ Restructuring” to the condensed consolidated financial statements included in this Quarterly Report on Form 10-Q.”10-Q · May 7, 2026 ↗
Valuation discipline
Descriptive valuation snapshot
Price/sales — · EV/sales —. Comparisons use only industry-matched filing peers.
Scenario scaffold
No usable price/earnings or price/sales multiple (need a fresh price).
Price action
How the market is pricing the story
12.33+0.3% today
Jodie does not have enough daily observations to draw a useful short-term chart for this asset. The latest quoted price was checked 7 Oct, 15:55 GMT-4; this is a coverage limitation, not a flat-price conclusion.
Developments
No sourced recent-development timeline yet
Jodie has not returned a relevant primary source or news item for VERX. This is an evidence-coverage gap, not a conclusion that nothing material happened.
Business and financial condition
Reported financial figures are not available yet
Jodie has not returned structured SEC XBRL fundamentals for this asset. This is a coverage limitation, not an assessment of the business or its financial health.
Filing analysis
No comparable filing assessment is available yet
Jodie has not yet found a suitable current-versus-prior filing comparison for VERX. This does not mean the latest filing was neutral or immaterial.
Business ecosystem
The relationships behind VERX
Customers, suppliers, partners and competitors named in company filings—not inferred from headlines.
Depends on
CRMSalesforce, Inc.partnerMay 7, 2026 ▾
“These partners include Adobe/Magento, Coupa, Kintsugi AI, Inc., Microsoft Dynamics, NetSuite, Oracle, Salesforce, SAP, SAP Ariba, Shopify, Workday and Zuora.”
MSFTMicrosoft CorporationpartnerMay 7, 2026 ▾
“These partners include Adobe/Magento, Coupa, Kintsugi AI, Inc., Microsoft Dynamics, NetSuite, Oracle, Salesforce, SAP, SAP Ariba, Shopify, Workday and Zuora.”
Depended on by
CRSPCRISPR Therapeutics AGpartnerMay 4, 2026 ▾
“CASGEVY is the first therapy to emerge from our strategic partnership with Vertex and is being advanced under a joint development and commercialization agreement between us and Vertex and certain of its affiliates.”
Filing peers
No filing peers are available for this name yet.
Open the three relationships above to see Jodie’s filing proof. Pro unlocks 14 more links, every receipt, and alerts when connected names begin moving. Unlock the full network →
What is moving around it
Live connections
VERX is currently a Participant in the organic co-movement group Real Estate Services. This group is discovered from market behaviour rather than assigned from an industry taxonomy. 3 filing-linked names are in the relationship map; none is currently confirmed as moving with the group.
Context history
Theme membership history
No durable theme membership has been observed for this name yet.