secwatch.observer — SEC 8-K summary
======================================

Issuer:     Vertex, Inc. (VERX)
CIK:        0001806837
Form:       8-K
Filed at:   2024-02-29T23:59:59+00:00
Accession:  0001558370-24-002104
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1806837/000155837024002104/0001558370-24-002104-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1806837/000155837024002104/verx-20240229x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-002104

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer