secwatch.observer — SEC 8-K summary
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Issuer:     Vertex, Inc. (VERX)
CIK:        0001806837
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0001558370-24-007190
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1806837/000155837024007190/0001558370-24-007190-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1806837/000155837024007190/verx-20240508x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-007190

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