Vertex Q3 revenue $145M (+14.9% YoY); net loss $3.4M; Adj EBITDA $26.6M

Vertex, Inc.

Total revenues $145.0M, up 14.9% YoY; cloud revenue $54.6M, up 24.8% YoY.
ARR $484.9M, up 17.8% YoY; NRR 111%, GRR 96%.
Net loss $(3.4)M ($(0.02)/share); Non-GAAP net income $16.6M, diluted EPS $0.10.
Adjusted EBITDA $26.6M (18.4% margin) vs $20.7M (16.4%) prior year.
AARPC $112,690, up from $97,300 a year ago and $109,170 last quarter.

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 third quarter ended September 30, 2023 results: revenue Total revenues of $145.0 million, up 14.9% year-over-year., net income Net loss of $(3.4) million, compared to net loss of $(1.1) million for the same period prior year., EPS Net loss per basic and diluted Class A and Class B shares of $(0.02) for 2023, compared to net loss of $(0.01) for the s.

Period: third quarter ended September 30, 2023
Revenue: Total revenues of $145.0 million, up 14.9% year-over-year.
Net income: Net loss of $(3.4) million, compared to net loss of $(1.1) million for the same period prior year.
EPS: Net loss per basic and diluted Class A and Class B shares of $(0.02) for 2023, compared to net loss of $(0.01) for the s
Result: reported results

Exact text from the filing

businesses facing increased tax complexity, and we believe this will continue to create a strong demand environment.” Third Quarter 2023 Financial Results ● Total revenues of $145.0 million, up 14.9% year-over-year. ● Software subscription revenues of $121.3 million, up 14.0% year-over-year. ● Cloud revenues of $54.6 million, up 24.8% year-over-year. ● Annual

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Period: third quarter ended September 30, 2023
Revenue: Total revenues of $145.0 million, up 14.9% year-over-year.
Net income: Net loss of $(3.4) million, compared to net loss of $(1.1) million for the same period prior year.
EPS: Net loss per basic and diluted Class A and Class B shares of $(0.02) for 2023, compared to net loss of $(0.01) for the s
Result: reported results

Exact text from the filing

Total revenues of $145.0 million, up 14.9% year-over-year.

View on SEC.gov

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Vertex, Inc. filing history →

Source: SEC EDGAR

accession 0001558370-23-018417

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