For the quarter ending 2025-09-30, VERX had $28,031K increase in cash & cash equivalents over the period.
| Cash Flow | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 |
|---|---|---|---|---|
| Net income | 4,045 | -961 | 11,130 | -67,798 |
| Depreciation and amortization | 25,103 | 23,428 | 22,266 | 21,285 |
| Amortization of cloud computing implementation costs | 871 | 1,018 | 1,006 | 1,013 |
| Provision for subscription cancellations and non-renewals | -362 | -328 | 192 | 669 |
| Change in settlement value of deferred purchase commitment liability | - | - | - | 0 |
| Amortization of deferred financing costs | 680 | 681 | 680 | 688 |
| Change in fair value of contingent consideration liabilities | -4,000 | 2,500 | -14,700 | 14,925 |
| Stock-based compensation expense | 13,215 | 11,990 | 21,044 | 10,966 |
| Deferred income taxes | -1,388 | -712 | -929 | 59,683 |
| Non-cash operating lease costs | 845 | 816 | 779 | 819 |
| Other | -11 | 64 | 7 | 52 |
| Accounts receivable | -13,499 | -10,548 | -11,772 | 37,669 |
| Prepaid expenses and other current assets | 1,083 | 237 | 13,169 | 3,962 |
| Deferred commissions | 1,074 | 202 | 56 | 4,940 |
| Accounts payable | 4,923 | 5,393 | -11,279 | 7,080 |
| Accrued expenses | -2,084 | 3,490 | 2,956 | -11,472 |
| Accrued and deferred compensation | 18,856 | -2,981 | -26,785 | 6,200 |
| Deferred revenue | -9,158 | -8,782 | 11,156 | 41,685 |
| Write-off of deferred financing costs | - | - | - | 0 |
| Operating lease liabilities | -1,134 | -989 | -1,068 | -1,143 |
| Payments for purchase commitment and contingent consideration liabilities in excess of initial fair value | 0 | -200 | - | 0 |
| Other | 702 | 1,595 | -183 | 881 |
| Net cash provided by operating activities | 62,467 | 46,003 | 14,805 | 41,133 |
| Long-term investment | 0 | 15,000 | - | - |
| Property and equipment additions | 26,436 | 21,512 | 21,394 | 18,249 |
| Acquisition of businesses and assets, net of cash acquired | - | - | - | 0 |
| Capitalized software additions | 5,879 | 4,904 | 5,661 | 4,987 |
| Purchase of investment securities, available-for-sale | 0 | 0 | 2,398 | 3,747 |
| Proceeds from sales and maturities of investment securities, available-for-sale | 0 | 0 | 11,607 | 2,100 |
| Payments for purchase commitment and contingent consideration liabilities | - | - | - | 0 |
| Net cash used in investing activities | -32,315 | -41,416 | -17,846 | -24,883 |
| Payment for purchase of capped calls | - | - | - | 0 |
| Payments on third-party debt | - | - | - | 0 |
| Net increase (decrease) in customer funds obligations | -1,009 | -6,720 | 3,227 | 3,643 |
| Proceeds from convertible senior notes | - | - | - | 0 |
| Proceeds from purchases of stock under espp | 0 | 1,782 | - | 1,555 |
| Payments for taxes related to net share settlement of stock-based awards | 1,073 | 1,071 | 25,034 | 1,526 |
| Principal payments on long-term debt | - | - | - | 0 |
| Payments for deferred financing costs | - | - | - | 1,167 |
| Proceeds from exercise of stock options | 19 | 6,521 | 1,166 | 3,770 |
| Payments of finance lease liabilities | 22 | 16 | 12 | 23 |
| Net cash provided by (used in) financing activities | -2,085 | 496 | -20,653 | 6,252 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | -36 | 1,997 | 1,310 | -1,822 |
| Net increase in cash, cash equivalents and restricted cash | 28,031 | 7,080 | -22,384 | 20,680 |
| Cash and cash equivalents at beginning of period | 326,066 | - | - | - |
| Cash and cash equivalents at end of period | 338,793 | - | - | - |
Vertex, Inc. (VERX)
Vertex, Inc. (VERX)