Vertex Q4 revenue up 18% to $155M; net income $15.3M vs loss of $5.3M

Vertex, Inc.

Total revenues $154.9M (+18.1% YoY); subscription rev $130.7M (+17.9%).
ARR $512.5M (+18.9% YoY); NRR 113% vs 110% prior year; GRR 95%.
Net income $15.3M ($0.10 basic) vs net loss $5.3M in Q4 2022; Non-GAAP diluted EPS $0.13.
Adjusted EBITDA $32.0M (20.7% margin) vs $21.0M (16.0%) prior year; full-year free cash flow $6.1M.
Full-year 2023 rev $572.4M (+16.4%), net loss $13.1M, adjusted EBITDA $100.8M ($78.7M).

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Vertex, Inc. reported the fourth quarter and full year ended December 31, 2023 results: revenue $154.9 million, net income $15.3 million, EPS $0.10.

Period: the fourth quarter and full year ended December 31, 2023
Revenue: $154.9 million
Net income: $15.3 million
EPS: $0.10
Result: reported results

Exact text from the filing

proud of the focused execution from all our 1,500 employees in serving our distinguished customers and partners.” Fourth Quarter 2023 Financial Results ● Total revenues of $154.9 million, up 18.1% year-over-year. ● Software subscription revenues of $130.7 million, up 17.9% year-over-year. ● Cloud revenues of $60.6 million, up 29.9% year-over-year. ● Annual

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Source: SEC EDGAR

accession 0001558370-24-002104

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