---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-22-017007"
form_type: "8-K"
ticker: "VERX"
cik: "0001806837"
company_name: "Vertex, Inc."
filed_at: "2022-11-09T23:59:59+00:00"
generated_at: "2026-06-22T01:48:32.597488+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Vertex Q3 revenue $126.2M (+14% YoY), beats guidance; cloud revenue +31%

## Summary
- Total revenues $126.2M (+14% YoY); cloud revenues $43.8M (+31.3% YoY).
- ARR $411.5M (+16.6% YoY); AARPC $97,300, up 17.4% from $82,900.
- Non-GAAP net income $13.0M ($0.08 diluted EPS) vs net loss of $3.9M a year ago.
- Loss from operations improved to $(0.9)M from $(3.6)M; Adjusted EBITDA $20.7M, margin 16.4%.
- CFO says results exceeded Q3 guidance for both revenue and Adjusted EBITDA.

## SEC filing metadata
- accession: 0001558370-22-017007
- form_type: 8-K
- ticker: VERX
- cik: 0001806837
- company_name: Vertex, Inc.
- filed_at: 2022-11-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1806837/000155837022017007/0001558370-22-017007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1806837/000155837022017007/verx-20221109x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-22-017007
- JSON: https://secwatch.observer/filing/0001558370-22-017007.json
- Plain text: https://secwatch.observer/filing/0001558370-22-017007.txt

## Key facts
- Earnings Releases
  Vertex, Inc. reported the third quarter ended September 30, 2022 results: revenue $126.2 million, net income $(1.1) million, EPS $(0.01).
  - Period: the third quarter ended September 30, 2022
  - Revenue: $126.2 million
  - Net income: $(1.1) million
  - EPS: $(0.01)
  - Result: reported results
  source text: reflect the strength of our business, the talent of our team, and the diversity of our world-class customer base. ​ Third Quarter 2022 Financial Results ● Total revenues of $126.2 million, up 14.0% year-over-year. ● Software subscription revenues of $106.4 million, up 15.3% year-over-year. ● Cloud revenues of $43.8 million, up 31.3% year-over-year. ● Annual
  evidence_url: https://www.sec.gov/Archives/edgar/data/1806837/000155837022017007/0001558370-22-017007-index.htm

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