---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-22-007956"
form_type: "8-K"
ticker: "VERX"
cik: "0001806837"
company_name: "Vertex, Inc."
filed_at: "2022-05-10T23:59:59+00:00"
generated_at: "2026-06-25T21:55:35.073075+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.55
calibrated_materiality_score: 0.55
confidence: "high"
source: SEC EDGAR
---

# Vertex Q1 revenue up 17% to $115M; cloud revenue up 42% YoY

## Summary
- Total revenues of $115.0M, up 17% YoY; cloud revenue $38.3M, up 42.1%.
- ARR of $380.6M, up 18.9% YoY; NRR rate 110% (up from 105% in Q1 2021).
- GAAP net loss of $0.3M vs net income of $2.3M; Non-GAAP net income $12.1M, EPS $0.08.
- Adjusted EBITDA of $19.1M (16.6% margin) vs $18.2M (18.5% margin) prior year.
- Refinanced credit facility; 4,242 customers at March 31, 2022.

## SEC filing metadata
- accession: 0001558370-22-007956
- form_type: 8-K
- ticker: VERX
- cik: 0001806837
- company_name: Vertex, Inc.
- filed_at: 2022-05-10T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.55
- calibrated_materiality_score: 0.55
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1806837/000155837022007956/0001558370-22-007956-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1806837/000155837022007956/verx-20220510x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-22-007956
- JSON: https://secwatch.observer/filing/0001558370-22-007956.json
- Plain text: https://secwatch.observer/filing/0001558370-22-007956.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.