Vertex (VERX) Research & Development (2019 - 2026)
Vertex (VERX) posted Research & Development of $52.6 million for Q1 2026, up 135.84% sequentially from $22.3 million in Q4 2025, and up 9.3% YoY from $48.2 million in Q1 2025.
Vertex (VERX) Research & Development (2019 - 2026) Analysis & Trends
Vertex has reported Research & Development for 8 years, with the latest figure at $52.6 million in Q1 2026.
- Quarterly Research & Development rose 9.3% year-over-year to $52.6 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $115.5 million (down 7.23% YoY) and the FY2025 annual result came in at $83.7 million, up 25.57% from the prior year.
- Research & Development improved to $52.6 million in Q1 2026 per VERX's latest filing, from $22.3 million in the prior quarter.
- Over five years, Research & Development peaked at $52.6 million in Q1 2026 and troughed at -$47.8 million in Q4 2022.
- A 5-year average of $21.3 million and a median of $19.9 million in 2025 frame the typical range for Research & Development.
- The widest YoY moves for Research & Development: up 168.15% in 2022, down 79.35% in 2022.
- Over 5 years, Research & Development stood at -$47.8 million in 2022, then surged by 126.98% to $12.9 million in 2023, then soared by 51.85% to $19.6 million in 2024, then rose by 13.95% to $22.3 million in 2025, then soared by 135.84% to $52.6 million in 2026.
- According to Business Quant data, Research & Development over the past three periods registered $52.6 million, $22.3 million, and $19.9 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | -4.12 Bn |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 498.00 Mn |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 3.77 Bn |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 1.52 Bn |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 1.37 Bn |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | 588.95 Mn |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 265.90 Mn |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 1.88 Bn |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 1.79 Bn |
| 10 | Vertex | 2.06 Bn | 1.82 Bn | 131.30 Mn | 51.90 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 51.90 Mn |
| Mar 31, 2026 | 52.64 Mn |
| Dec 31, 2025 | 22.32 Mn |
| Sep 30, 2025 | 19.93 Mn |
| Jun 30, 2025 | 20.58 Mn |
| Mar 31, 2025 | 48.16 Mn |
| Dec 31, 2024 | 19.59 Mn |
| Sep 30, 2024 | 42.11 Mn |
| Jun 30, 2024 | 14.61 Mn |
| Mar 31, 2024 | 40.49 Mn |
| Dec 31, 2023 | 12.90 Mn |
| Sep 30, 2023 | 16.77 Mn |
| Jun 30, 2023 | 12.68 Mn |
| Mar 31, 2023 | 15.86 Mn |
| Dec 31, 2022 | -47.81 Mn |
| Sep 30, 2022 | 30.25 Mn |
| Jun 30, 2022 | 31.98 Mn |
| Mar 31, 2022 | 9.63 Mn |
| Dec 31, 2021 | -26.66 Mn |
| Sep 30, 2021 | 25.66 Mn |