For the quarter ending 2026-03-31, VERX had -$68,142K decrease in cash & cash equivalents over the period. $16,007K in free cash flow.
| Cash Flow | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 |
|---|---|---|---|---|
| Net income (loss) | -2,510 | -7,003 | 4,045 | -961 |
| Depreciation and amortization | 27,053 | 26,134 | 25,103 | 23,428 |
| Amortization of cloud computing implementation costs | 1,037 | 843 | 871 | 1,018 |
| Provision for subscription cancellations and non-renewals | 936 | 3,198 | -362 | -328 |
| Amortization of deferred financing costs | 680 | 680 | 680 | 681 |
| Change in fair value of contingent consideration liabilities | -5,738 | -600 | -4,000 | 2,500 |
| Stock-based compensation expense | 18,508 | 11,514 | 13,215 | 11,990 |
| Deferred income taxes | 1,810 | -2,366 | -1,388 | -712 |
| Non-cash operating lease costs | 1,773 | 818 | 845 | 816 |
| Other Noncash Income Expense | -1 | -6 | -11 | 64 |
| Accounts receivable | -23,396 | 48,699 | -13,499 | -10,548 |
| Prepaid expenses and other current assets | 21,449 | -8,684 | 1,083 | 237 |
| Deferred commissions | -1,028 | 3,096 | 1,074 | 202 |
| Accounts payable | -1,968 | 2,188 | 4,923 | 5,393 |
| Accrued expenses | -7,341 | 3,766 | -2,084 | 3,490 |
| Accrued and deferred compensation | -10,562 | 5,740 | 18,856 | -2,981 |
| Deferred revenue | 11,247 | 42,458 | -9,158 | -8,782 |
| Operating lease liabilities | -2,083 | -1,132 | -1,134 | -989 |
| Payments for purchase commitment and contingent consideration liabilities in excess of initial fair value | - | 0 | 0 | -200 |
| Purchase of investment securities, available-for-sale | - | 0 | 0 | 0 |
| Increase Decrease In Other Operating Capital | 2,157 | -865 | 702 | 1,595 |
| Proceeds from sales and maturities of investment securities, available-for-sale | - | 0 | 0 | 0 |
| Net cash provided by operating activities | 37,975 | 42,268 | 62,467 | 46,003 |
| Long-term investment | - | 0 | 0 | 15,000 |
| Acquisition of businesses and assets, net of cash acquired | 21,968 | - | - | - |
| Property and equipment additions | 24,660 | 26,894 | 26,436 | 21,512 |
| Capitalized software additions | 5,656 | 5,274 | 5,879 | 4,904 |
| Net cash used in investing activities | -52,284 | -32,168 | -32,315 | -41,416 |
| Proceeds from purchases of stock under espp | - | 2,454 | 0 | 1,782 |
| Net increase (decrease) in customer funds obligations | -6,621 | -1,102 | -1,009 | -6,720 |
| Repurchases of shares | 20,041 | 10,094 | - | - |
| Payments for taxes related to net share settlement of stock-based awards | 7,143 | 1,772 | 1,073 | 1,071 |
| Proceeds from exercise of stock options | 97 | 0 | 19 | 6,521 |
| Payments for acquisition contingent cash earn-out | 19,600 | - | - | - |
| Payments of finance lease liabilities | 20 | 26 | 22 | 16 |
| Net cash used in financing activities | -53,328 | -10,540 | -2,085 | 496 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | -505 | -58 | -36 | 1,997 |
| Net decrease in cash, cash equivalents and restricted cash | -68,142 | -498 | 28,031 | 7,080 |
| Cash, cash equivalents and restricted cash, beginning of period | 338,295 | 338,793 | 326,066 | - |
| Cash, cash equivalents and restricted cash, end of period | 270,153 | 338,295 | 338,793 | - |
Vertex, Inc. (VERX)
Vertex, Inc. (VERX)