---
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"
generated_at: "2026-06-08T07:21:32.318092+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-23-018417
- JSON: https://secwatch.observer/filing/0001558370-23-018417.json
- Plain text: https://secwatch.observer/filing/0001558370-23-018417.txt

## Key facts
- Earnings Releases
  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
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1806837/000155837023018417/0001558370-23-018417-index.htm
- Earnings Releases
  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
  source text: Total revenues of $145.0 million, up 14.9% year-over-year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1806837/000155837023018417/0001558370-23-018417-index.htm

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