Vertex Q1 revenue $177.1M (+12.9%); net income $11.1M vs $2.7M YoY

Vertex, Inc.

Revenue $177.1M (+12.9% YoY); cloud revenue $80.2M (+29.6%); subscription revenue $150.8M (+14.4%).
ARR $618.5M (+17.9%; 15.1% organic); NRR 109%; GRR 95%.
GAAP net income $11.1M ($0.07 EPS) vs $2.7M ($0.02 EPS) YoY; Non-GAAP EPS $0.15.
Adjusted EBITDA $37.2M (21.0% margin) vs $36.7M (23.4% margin) YoY; operating income $4.5M vs loss $1.6M.
CEO highlights progress on e-invoicing and AI; includes investment in Kintsugi AI with IP sharing agreement.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.