{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-23-008958","form_type":"8-K","ticker":"VERX","cik":"0001806837","company_name":"Vertex, Inc.","filed_at":"2023-05-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:40.694512+00:00","generated_at":"2026-06-15T06:54:25.395064+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Vertex Q1 revenue $132.8M (+15.5% YoY), GAAP loss $(18.1)M; non-GAAP EPS $0.08","bullets":["Total revenue $132.8M (+15.5% YoY); software subscription revenue $111.0M (+14.3% YoY).","ARR $446.5M (+17.3% YoY); AARPC $104,370 (up from $89,700 a year ago).","GAAP net loss $(18.1)M vs $(0.3)M prior year; non-GAAP net income $12.5M, diluted EPS $0.08.","Adjusted EBITDA $20.2M (15.2% margin) vs $19.1M (16.6% margin) in Q1 2022.","Management cites strong new deal momentum with large enterprises; no quantitative guidance change."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-23-008958","json":"https://secwatch.observer/filing/0001558370-23-008958.json","markdown":"https://secwatch.observer/filing/0001558370-23-008958.md","text":"https://secwatch.observer/filing/0001558370-23-008958.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1806837/000155837023008958/0001558370-23-008958-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1806837/000155837023008958/verx-20230510x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-15T06:54:25.395064+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"08e77dd89aad605181dd5488463a679562f64a08","claim":"Vertex, Inc. reported first quarter ended March 31, 2023 results: revenue $132.8 million, net income $(18.1) million, EPS $(0.12).","evidence_excerpt":"● Total revenues of $132.8 million, up 15.5% year-over-year. ● Software subscription revenues of $111.0 million, up 14.3% year-over-year. ● Cloud revenues of $48.2 million, up 25.9% year-over-year. ● Annual Recurring Revenue (“ARR”) was $446.5 million, up 17.3% year-over-year. ● Average Annual Revenue per direct customer (“AARPC”) was $104,370 at March 31, 2023, compared to $89,700 at March 31, 2022 and $100,500 at December 31, 2022. ● Net Revenue Retention (“NRR”) was 110%, consistent with March 31, 2022, and the fourth quarter of 2022. ● Gross Revenue Retention (“GRR”) was 96%, consistent with March 31, 2022, and the fourth quarter of 2022. ● Loss from operations of $(8.9) million, compared to income from operations of $0.5 million for the same period prior year. Non-GAAP operating income of $16.5 million, compared to $16.2 million for the same period prior year. ● Net loss of $(18.1) million, compared to net loss of $(0.3) million for the same period prior year. ● Net loss per basic","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1806837/000155837023008958/0001558370-23-008958-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2023"},{"label":"Revenue","value":"$132.8 million"},{"label":"Net income","value":"$(18.1) million"},{"label":"EPS","value":"$(0.12)"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}