secwatch.observer — SEC 8-K summary
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Issuer:     Vertex, Inc. (VERX)
CIK:        0001806837
Form:       8-K
Filed at:   2024-11-06T23:59:59+00:00
Accession:  0001558370-24-014524
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vertex Q3 revenue $170.4M, up 17.5% YoY; net income $7.2M vs year-ago loss
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1806837/000155837024014524/0001558370-24-014524-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1806837/000155837024014524/verx-20241106x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-014524

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