earnings
confidence high
sentiment neutral
materiality 0.65
Vertex Q2 revenues up 13.7% to $119.3M; net loss widens to $5.5M
Vertex, Inc.
- Total revenues $119.3M, up 13.7% YoY; cloud revenue $40.2M, up 25.4%.
- ARR $398.1M, up 18.4% YoY; organic ARR growth 18.0% (up from 17.2% in Q1).
- Net loss $(5.5)M vs net income $0.8M; adjusted EBITDA $17.8M, margin 14.9% vs 18.3%.
- Non-GAAP net income $10.3M, non-GAAP diluted EPS $0.06; net loss per share $(0.04).
- NRR improved to 110% from 106%; AARPC $93,850, up 16.6% YoY.