earnings
confidence high
sentiment positive
materiality 0.75
Vertex Q3 revenue $170.4M, up 17.5% YoY; net income $7.2M vs year-ago loss
Vertex, Inc.
- Revenue $170.4M (+17.5% YoY) above high end of guidance; software subscription $146.3M (+20.6%).
- GAAP net income $7.2M ($0.04 diluted EPS) vs net loss $3.4M ($0.02 loss) prior year.
- Non-GAAP diluted EPS $0.16; Adj EBITDA $38.6M (22.7% margin) vs $26.6M (18.4%) prior year.
- ARR $576.8M, up 19% YoY (incl. acquisitions); organic ARR growth 16.1%.
- Completed acquisition of ecosio (Austrian e-invoicing & EDI) in Q3.