Vertex (VERX) Research & Development (2019 - 2026)
Vertex (VERX) reported Research & Development of $52.6 million for Q1 2026, up 9.3% on a YoY basis from $48.2 million in Q1 2025, and up 135.84% sequentially from $22.3 million in Q4 2025.
Vertex (VERX) Research & Development (2019 - 2026) Analysis & Trends
Vertex (VERX) has 8 years of Research & Development data on file, last reported at $52.6 million in Q1 2026.
- For the quarter ending Q1 2026, Research & Development rose 9.3% year-over-year to $52.6 million; the trailing twelve-month figure through Mar 2026 stood at $115.5 million (down 7.23% YoY), and the FY2025 full-year result was $83.7 million, up 25.57% from the prior year.
- Research & Development improved to $52.6 million in Q1 2026, from $22.3 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $52.6 million in Q1 2026 to a low of -$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.
- Peak annual rise in Research & Development reached 168.15% in 2022, while the deepest fall reached 79.35% in 2022.
- Tracing VERX's Research & Development over 5 years: 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 climbed by 13.95% to $22.3 million in 2025, then soared by 135.84% to $52.6 million in 2026.
- Business Quant data shows VERX's Research & Development at $52.6 million in Q1 2026, $22.3 million in Q4 2025, and $19.9 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 208.91 Bn | 189.27 Bn | 8.16 Bn | -1.99 Bn |
| 2 | Full Truck Alliance | 188.77 Bn | 186.13 Bn | - | -37.02 Mn |
| 3 | Shopify | 145.98 Bn | 140.23 Bn | 1.55 Bn | 496.00 Mn |
| 4 | Uber Technologies | 141.48 Bn | 140.44 Bn | 5.95 Bn | 1.33 Bn |
| 5 | Salesforce | 128.51 Bn | 116.67 Bn | 8.56 Bn | 3.77 Bn |
| 6 | ServiceNow | 98.38 Bn | 93.20 Bn | 2.82 Bn | 1.37 Bn |
| 7 | Automatic Data Processing | 97.56 Bn | 94.34 Bn | 2.87 Bn | 253.90 Mn |
| 8 | Snowflake | 91.55 Bn | 88.59 Bn | 926.45 Mn | 588.95 Mn |
| 9 | Cadence Design Systems | 89.91 Bn | 88.50 Bn | 1.41 Bn | 508.44 Mn |
| 10 | Vertex | 104.52 Mn | -147.93 Mn | 124.87 Mn | 52.64 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| 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 |
| Jun 30, 2021 | 11.93 Mn |