secwatch.observer — SEC 8-K summary
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Issuer:     Vertex, Inc. (VERX)
CIK:        0001806837
Form:       8-K
Filed at:   2025-11-03T23:59:59+00:00
Accession:  0001104659-25-105239
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vertex Q3 revenue $192.1M (+12.7%); announces $150M buyback and new CEO
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- Revenue $192.1M, up 12.7% YoY; cloud revenue $92.0M (+29.6%).
- GAAP EPS $0.02 diluted; Non-GAAP EPS $0.17; Adj. EBITDA $43.5M (22.6% margin).
- Board authorized $150M stock repurchase program for Class A common stock.
- CEO David DeStefano becomes non-executive chair; Christopher Young (ex-Microsoft) named new President and CEO.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1806837/000110465925105239/0001104659-25-105239-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1806837/000110465925105239/verx-20251030x8k.htm
  HTML page:      https://secwatch.observer/filing/0001104659-25-105239

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer