earnings
confidence high
sentiment neutral
materiality 0.65
Vertex Q2 revenue up 14.6% to $184.6M; GAAP net loss of $1.0M
Vertex, Inc.
- Total revenue $184.6M (+14.6% YoY); cloud revenue $86.2M (+29.9% YoY).
- GAAP net loss $1.0M ($0.01 diluted loss/share); Non-GAAP diluted EPS $0.15.
- ARR $636.6M (+16.1% YoY); excludes ecosio acquisition, growth 14.1%.
- Adjusted EBITDA $38.4M, margin 20.8% vs 23.9% prior year.
- Net Revenue Retention 108% vs 110% YoY; GRR steady at 95%.