Vertex Q4 revenue $111.7M (+12% YoY); ARR growth accelerates to 17%; net loss narrows

Vertex, Inc.

Q4 total revenue $111.7M (+12.2% YoY); cloud revenue $34.7M (+38.9% YoY).
ARR $370.2M (+17% YoY); Net Revenue Retention rate improved to 108% from 106%.
GAAP net loss $0.6M vs net income $0.2M prior year; Non-GAAP diluted EPS $0.08.
Full-year revenue $425.5M (+13.6%); full-year net loss $1.5M vs $75.1M prior year.
CFO refinanced credit facility post-quarter for operational flexibility.

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