Vertex, Inc. (VERX) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

High Risk
Significant dilution risk
Last updated: May 07, 2026

Risk Assessment Details

Potential Dilution: 73.3% of current shares
Recent Dilution: 21.6% (2 years)
Historical Dilution Factor: moderate recent dilution
Outstanding Shares
78M
Potential Supply
57M
Additional shares possible
Splits
None
Past 2 years

Summary

VERX currently has 78.2M outstanding shares. with significant dilution risk as 57.3M authorized shares could dilute existing holders by 73.3%. The company has diluted shareholders by 21.6% over the past 2 years through share issuances.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 07, 2026

10-Q filing | 78.2M shares outstanding

78M 57M
Nov 03, 2025

10-Q filing | 77.3M shares outstanding

77M 57M
Aug 06, 2025

10-Q filing | 73.7M shares outstanding

74M 57M
May 07, 2025

10-Q filing | 71.3M shares outstanding

71M 57M
Feb 27, 2025

10-K filing | 64.7M shares outstanding

65M 57M
Nov 06, 2024

10-Q filing | 65.5M shares outstanding

65M 57M
Aug 08, 2024

8-K filing: Vertex, Inc. issued 945,435 shares of Class A Common Stock to the Sellers (Christoph Ebm, Philipp Liegl, Marco Zapletal, Christian Huemer, Red-Stars.com Data AG, EPG European Property Group SE, Select Securities Europe S.à r.l) as partial consideration for the purchase of the entire share interest in ecosio GmbH, subject to the achievement of milestones.

64M 57M
Aug 07, 2024

10-Q filing | 64.2M shares outstanding

64M 57M
May 08, 2024

10-Q filing | 61.6M shares outstanding

62M 57M
Feb 29, 2024

10-K filing | 61.0M shares outstanding

61M 57M
Nov 09, 2023

10-Q filing | 54.9M shares outstanding

55M 57M
Aug 09, 2023

10-Q filing | 53.8M shares outstanding

54M 57M
May 10, 2023

10-Q filing | 50.5M shares outstanding

50M 57M
Mar 10, 2023

10-K filing | 45.9M shares outstanding

46M 57M
Nov 09, 2022

10-Q filing | 48.5M shares outstanding

48M 57M
Aug 09, 2022

10-Q filing | 48.3M shares outstanding

48M 57M
Jul 15, 2022

S-3 filing: This is an S-3 filing for the resale of up to 36,197,237 shares of Class A common stock by selling securityholders.

110M 57M
May 10, 2022

10-Q filing | 106.8M shares outstanding

110M 21M
Mar 16, 2022

10-K filing | 42.3M shares outstanding

42M 21M
Nov 12, 2021

10-Q filing | 40.1M shares outstanding

40M 21M
Aug 12, 2021

10-Q filing | 39.8M shares outstanding

40M 21M
May 13, 2021

10-Q filing | 26.5M shares outstanding

26M 21M
Mar 15, 2021

10-K filing | 26.3M shares outstanding

26M 21M
Nov 13, 2020

10-Q filing | 25.7M shares outstanding

26M 21M
Sep 11, 2020

10-Q filing | 26.4M shares outstanding

26M 21M
Jul 28, 2020

S-1/A filing: This S-1/A filing relates to an offering of Class A common stock.

N/A 21M
Jul 24, 2020

S-1/A filing: This S-1/A filing relates to an offering of Class A common stock by Vertex, Inc. and certain selling stockholders, with Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC acting as underwriters.

N/A 21M
Jul 20, 2020

S-1/A filing: This S-1/A filing describes the offering of Class A common stock at an assumed initial public offering price of $15.00 per share.

N/A 21M
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