---
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"
generated_at: "2026-06-02T12:22:51.987204+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Vertex Q1 revenue $156.8M (+18.1%), net income turns positive; adjusted EBITDA margin 23.4%

## Summary
- 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%.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001558370-24-007190
- JSON: https://secwatch.observer/filing/0001558370-24-007190.json
- Plain text: https://secwatch.observer/filing/0001558370-24-007190.txt

## Key facts
- Earnings Releases
  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.
  - Period: first quarter ended March 31, 2024
  - 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
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1806837/000155837024007190/0001558370-24-007190-index.htm

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