{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-24-005432","form_type":"8-K","ticker":"VERX","cik":"0001806837","company_name":"Vertex, Inc.","filed_at":"2024-04-23T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.225413+00:00","generated_at":"2026-06-03T12:11:41.779717+00:00","sec_items":["1.01","2.02","7.01","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Vertex Q1 prelim: revenue $155.5-$157.5M (+17-19% YoY), net income $2.4-3.1M; proposes $250M notes","bullets":["Q1 2024 revenue expected $155.5-$157.5M, up 17-19% from $132.8M in Q1 2023.","Net income expected $2.4-$3.1M vs net loss of $18.1M in prior year quarter.","Adjusted EBITDA expected $35.5-$37.5M, up 76-86% from $20.2M in Q1 2023.","ARR expected $523.5-$525.5M (+17-18% YoY); net revenue retention 111-113%.","Proposes $250M convertible notes due 2029; grants initial purchasers option for additional $37.5M."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-24-005432","json":"https://secwatch.observer/filing/0001558370-24-005432.json","markdown":"https://secwatch.observer/filing/0001558370-24-005432.md","text":"https://secwatch.observer/filing/0001558370-24-005432.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1806837/000155837024005432/0001558370-24-005432-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1806837/000155837024005432/verx-20240419x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T12:11:41.779717+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":"13f9072d2153f42687bd1c4fabefb8a22e84e995","claim":"Vertex, Inc. reported the three months ended March 31, 2024 results: revenue between $155.5 million and $157.5 million, net income between $2.4 million and $3.1 million.","evidence_excerpt":"with full details when we announce our full first quarter financial results in early May.” ​ Revenues for the three months ended March 31, 2024 are expected to be between $155.5 million and $157.5 million, compared to $132.8 million for the three months ended March 31, 2023, representing an increase of approximately 17% to 19%. ​ Annual Recurring Revenue at","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1806837/000155837024005432/0001558370-24-005432-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended March 31, 2024"},{"label":"Revenue","value":"between $155.5 million and $157.5 million"},{"label":"Net income","value":"between $2.4 million and $3.1 million"},{"label":"Result","value":"preliminary results"}],"fact_type":"earnings_release"},{"claim_id":"1f5d52a8264039a417822f5f0ba7967d20b1de69","claim":"Vertex, Inc. amended Fourth Amendment to Credit Agreement with the guarantors party thereto, PNC Bank, National Association, as administrative agent, and the lenders party thereto (effective 2024-04-19).","evidence_excerpt":"On April 19, 2024, Vertex, Inc. (the “Company”), the guarantors party thereto, PNC Bank, National Association, as administrative agent, and the lenders party thereto entered into the Fourth Amendment to Credit Agreement (the “Fourth Amendment”), which amended the Credit Agreement by and among the Company, the guarantors party thereto, PNC Bank, National Association, as administrative agent, and the lenders party thereto, dated as of March 31, 2020 (as previously amended, the “Credit Agreement”), providing for, among other things, amendment of the definition of “Approved Convertible Debt” in Section 1.1 of the Credit Agreement by deleting the phrase “Two Hundred Million Dollars ($200,000,000)” and inserting in lieu thereof the phrase “Three Hundred Million Dollars ($300,000,000).”","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1806837/000155837024005432/0001558370-24-005432-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"credit facility"},{"label":"Counterparty","value":"the guarantors party thereto, PNC Bank, National Association, as administrative agent, and the lenders party thereto"},{"label":"Effective","value":"2024-04-19"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}