VERXVertex, Inc.
Services-Prepackaged Software
- Revenue
- $748M
- 12% YoY
- Operating margin
- 0.3%
- 193% YoY
- EBITDA
- $99M
- 23% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- 1.1×
- $108M net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear23× net incomeCash flow under 80% of net income
- Dilutive SBCClear8% of revenueOver 10% of revenue
- Payouts exceed cash flowClear94% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear33% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $426M | $492M | $572M | $667M | $748M | 12% |
| Operating income | −$3M | −$8M | −$18M | −$2M | $2M | 205% |
| Net income | −$2M | −$12M | −$13M | −$53M | $7M | 114% |
| Operating cash flow | $90M | $64M | $74M | $165M | $166M | 0.4% |
| Capex | $32M | $46M | $49M | $72M | — | |
| Stock-based comp | $26M | $20M | $34M | $47M | $58M | 22% |
| Buybacks | — | — | — | — | $10M |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $150K · 1
- Open-market sells, 12 mo
- $0 · 0
- Net
- $150K
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | — | — | 57 | 183 |
| FY2024 | — | — | 153 | 165 |
| FY2023 | — | — | 77 | 139 |
| FY2022 | — | — | 42 | 88 |
| FY2021 | — | — | 46 | 131 |