---
schema_version: "secwatch.filing_event.v1"
accession: "0001558370-24-002104"
form_type: "8-K"
ticker: "VERX"
cik: "0001806837"
company_name: "Vertex, Inc."
filed_at: "2024-02-29T23:59:59+00:00"
generated_at: "2026-06-05T07:13:34.458995+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0001558370-24-002104
- form_type: 8-K
- ticker: VERX
- cik: 0001806837
- company_name: Vertex, Inc.
- filed_at: 2024-02-29T23:59:59+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/1806837/000155837024002104/0001558370-24-002104-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1806837/000155837024002104/verx-20240229x8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-002104
- JSON: https://secwatch.observer/filing/0001558370-24-002104.json
- Plain text: https://secwatch.observer/filing/0001558370-24-002104.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1806837/000155837024002104/0001558370-24-002104-index.htm

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