Vertex Q4 revenue $131.1M (+17.4% YoY); Non-GAAP EPS $0.08

Vertex, Inc.

Revenue $131.1M (+17.4% YoY); cloud revenue $46.6M (+34.4% YoY); software subscriptions $110.9M (+18.9% YoY).
ARR $431.1M (+16.5% YoY); NRR 110% (up from 108%); AARPC $100,500 vs $86,700 prior year.
GAAP net loss $5.3M ($0.04/sh); Non-GAAP net income $12.5M ($0.08 diluted EPS).
FY2022 revenue $491.6M (+15.5%); adjusted EBITDA $78.7M (16% margin); free cash flow $3.4M vs $46.9M prior year.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Vertex, Inc. reported fourth quarter and full year ended December 31, 2022 results: revenue Total revenues of $131.1 million (Q4); Total revenues of $491.6 million (FY), net income Net loss of $5.3 million (Q4); Net loss of $12.3 million (FY), EPS Net loss per basic and diluted Class A and Class B shares of $(0.04) (Q4); Net loss per basic and diluted Class A and Cl.

Period: fourth quarter and full year ended December 31, 2022
Revenue: Total revenues of $131.1 million (Q4); Total revenues of $491.6 million (FY)
Net income: Net loss of $5.3 million (Q4); Net loss of $12.3 million (FY)
EPS: Net loss per basic and diluted Class A and Class B shares of $(0.04) (Q4); Net loss per basic and diluted Class A and Cl
Result: reported results

Exact text from the filing

our significant growth opportunity. The Vertex team is executing well, and we are optimistic about 2023 and beyond.” Fourth Quarter 2022 Financial Results ● Total revenues of $131.1 million, up 17.4% year-over-year. ● Software subscription revenues of $110.9 million, up 18.9% year-over-year. ● Cloud revenues of $46.6 million, up 34.4% year-over-year. ● Annual

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Vertex, Inc. filing history →

Source: SEC EDGAR

accession 0001558370-23-003084

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