{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-23-018417","form_type":"8-K","ticker":"VERX","cik":"0001806837","company_name":"Vertex, Inc.","filed_at":"2023-11-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:30.556702+00:00","generated_at":"2026-06-08T07:21:32.318092+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Vertex Q3 revenue $145M (+14.9% YoY); net loss $3.4M; Adj EBITDA $26.6M","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-23-018417","json":"https://secwatch.observer/filing/0001558370-23-018417.json","markdown":"https://secwatch.observer/filing/0001558370-23-018417.md","text":"https://secwatch.observer/filing/0001558370-23-018417.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1806837/000155837023018417/0001558370-23-018417-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1806837/000155837023018417/verx-20231109x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-08T07:21:32.318092+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":"17f7c567c0d02881bdae8f8a25de2a0fcde7150e","claim":"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.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1806837/000155837023018417/0001558370-23-018417-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter ended September 30, 2023"},{"label":"Revenue","value":"Total revenues of $145.0 million, up 14.9% year-over-year."},{"label":"Net income","value":"Net loss of $(3.4) million, compared to net loss of $(1.1) million for the same period prior year."},{"label":"EPS","value":"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"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"17f7c567c0d02881bdae8f8a25de2a0fcde7150e","claim":"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.","evidence_excerpt":"Total revenues of $145.0 million, up 14.9% year-over-year.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1806837/000155837023018417/0001558370-23-018417-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter ended September 30, 2023"},{"label":"Revenue","value":"Total revenues of $145.0 million, up 14.9% year-over-year."},{"label":"Net income","value":"Net loss of $(3.4) million, compared to net loss of $(1.1) million for the same period prior year."},{"label":"EPS","value":"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"},{"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"}