{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-24-007190","form_type":"8-K","ticker":"VERX","cik":"0001806837","company_name":"Vertex, Inc.","filed_at":"2024-05-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:20.226235+00:00","generated_at":"2026-06-02T12:22:51.987204+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Vertex Q1 revenue $156.8M (+18.1%), net income turns positive; adjusted EBITDA margin 23.4%","bullets":["Total revenues $156.8M (+18.1% YoY); cloud revenues $61.8M (+28.3% YoY).","Net income $2.7M vs net loss $18.1M prior year; EPS $0.02 vs $(0.12).","Non-GAAP operating income $31.7M vs $16.5M; non-GAAP diluted EPS $0.15.","Adjusted EBITDA $36.7M (23.4% margin) vs $20.2M (15.2%) prior year.","ARR $524.5M (+17.5%); NRR 112%, GRR 95%."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-24-007190","json":"https://secwatch.observer/filing/0001558370-24-007190.json","markdown":"https://secwatch.observer/filing/0001558370-24-007190.md","text":"https://secwatch.observer/filing/0001558370-24-007190.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1806837/000155837024007190/0001558370-24-007190-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1806837/000155837024007190/verx-20240508x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T12:22:51.987204+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":"ae9930dbd6cfd3400c050e081ac19d43cab34f0b","claim":"Vertex, Inc. reported first quarter ended March 31, 2024 results: revenue Total revenues of $156.8 million, net income Net income of $2.7 million, EPS Net income per basic and diluted Class A and Class B shares of $0.02.","evidence_excerpt":"recent successful convertible debt offering, give me confidence in our ability to continue to grow shareholder value.” ​ First Quarter 2024 Financial Results ● Total revenues of $156.8 million, up 18.1% year-over-year. ● Software subscription revenues of $131.8 million, up 18.8% year-over-year. ● Cloud revenues of $61.8 million, up 28.3% year-over-year. ● Annual","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1806837/000155837024007190/0001558370-24-007190-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2024"},{"label":"Revenue","value":"Total revenues of $156.8 million"},{"label":"Net income","value":"Net income of $2.7 million"},{"label":"EPS","value":"Net income per basic and diluted Class A and Class B shares of $0.02"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}