| Cash Flow | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-09-30 |
|---|---|---|---|---|
| Net income | 14,214 | 10,169 | 11,130 | 15,069 |
| Depreciation and amortization | 70,797 | 45,694 | 22,266 | 61,448 |
| Amortization of cloud computing implementation costs | 2,895 | 2,024 | 1,006 | 2,994 |
| Change in fair value of contingent consideration liabilities | - | - | - | -2,275 |
| Provision for subscription cancellations and non-renewals | -498 | -136 | 192 | -470 |
| Amortization of deferred financing costs | 2,041 | 1,361 | 680 | 1,345 |
| Change in settlement value of deferred purchase commitment liability | - | - | - | -423 |
| Change in fair value of contingent consideration liabilities | -16,200 | -12,200 | -14,700 | - |
| Stock-based compensation expense | 46,249 | 33,034 | 21,044 | 36,459 |
| Deferred income taxes | -3,029 | -1,641 | -929 | -8,615 |
| Non-cash operating lease costs | 2,440 | 1,595 | 779 | 2,038 |
| Other | 60 | 71 | 7 | 151 |
| Accounts receivable | -35,819 | -22,320 | -11,772 | -15,593 |
| Prepaid expenses and other current assets | 14,489 | 13,406 | 13,169 | 10,245 |
| Deferred commissions | 1,332 | 258 | 56 | 1,302 |
| Accounts payable | -963 | -5,886 | -11,279 | 4,535 |
| Accrued expenses | 4,362 | 6,446 | 2,956 | -851 |
| Accrued and deferred compensation | -10,910 | -29,766 | -26,785 | 3,032 |
| Deferred revenue | -6,784 | 2,374 | 11,156 | 9,411 |
| Write-off of deferred financing costs | - | - | - | 276 |
| Operating lease liabilities | -3,191 | -2,057 | -1,068 | -2,856 |
| Payments for purchase commitment and contingent consideration liabilities in excess of initial fair value | -200 | -200 | - | -4,367 |
| Other | 2,114 | 1,412 | -183 | 2,197 |
| Net cash provided by operating activities | 123,275 | 60,808 | 14,805 | 123,688 |
| Long-term investment | 15,000 | 15,000 | - | - |
| Property and equipment additions | 69,342 | 42,906 | 21,394 | 47,520 |
| Acquisition of businesses and assets, net of cash acquired | - | - | - | 71,755 |
| Capitalized software additions | 16,444 | 10,565 | 5,661 | 16,357 |
| Purchase of investment securities, available-for-sale | 2,398 | 2,398 | 2,398 | 12,246 |
| Proceeds from sales and maturities of investment securities, available-for-sale | 11,607 | 11,607 | 11,607 | 14,610 |
| Payments for purchase commitment and contingent consideration liabilities | - | - | - | 7,580 |
| Net cash used in investing activities | -91,577 | -59,262 | -17,846 | -133,268 |
| Payment for purchase of capped calls | - | - | - | 42,366 |
| Payments on third-party debt | - | - | - | 3,904 |
| Net increase (decrease) in customer funds obligations | -4,502 | -3,493 | 3,227 | 6,032 |
| Proceeds from convertible senior notes | - | - | - | 345,000 |
| Proceeds from purchases of stock under espp | 1,782 | 1,782 | - | 1,443 |
| Payments for taxes related to net share settlement of stock-based awards | 27,178 | 26,105 | 25,034 | 19,990 |
| Principal payments on long-term debt | - | - | - | 46,875 |
| Payments for deferred financing costs | - | - | - | 11,374 |
| Proceeds from exercise of stock options | 7,706 | 7,687 | 1,166 | 4,689 |
| Payments of finance lease liabilities | 50 | 28 | 12 | 70 |
| Net cash provided by (used in) financing activities | -22,242 | -20,157 | -20,653 | 225,005 |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | 3,271 | 3,307 | 1,310 | 810 |
| Net increase in cash, cash equivalents and restricted cash | 12,727 | -15,304 | -22,384 | 216,235 |
| 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)