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
DateValue
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