Vertex Earnings Reports

Vertex delivered strong revenue growth in Q4 2024, with total revenue increasing by 15.2% year-over-year to $178.5 million. Software subscriptions contributed $152.6 million, while cloud revenues grew 27.0% to $76.9 million. However, the company posted a net loss of $67.8 million due to increased operating expenses and acquisition-related costs. Non-GAAP net income was $25.5 million, with an adjusted EBITDA of $38.1 million.

Vertex reported strong Q3 2024 results with revenue above guidance, mid-teens organic growth, GAAP profitability, and significant cash flow. The acquisition of ecosio was completed, expanding the company's global cloud platform for e-invoicing and VAT compliance.

Vertex reported a strong second quarter in 2024, marked by a 15.3% increase in total revenues to $161.1 million, GAAP profitability, and record cash flow. The company completed strategic acquisitions and a debt offering to support future growth.

Vertex reported a solid start to the year with strong financial performance in Q1 2024. Total revenues increased by 18.1% year-over-year, driven by cloud solutions. The company saw significant earnings leverage, leading to material growth in profitability and cash flow.

Vertex announced strong Q4 2023 financial results, with revenue up 18.1% year-over-year, reaching $154.9 million. The company reported a net income of $15.3 million, a significant improvement from the previous year's net loss. Annual Recurring Revenue (ARR) grew by 18.9% to $512.5 million, and the company generated its strongest quarterly free cash flow in over three years.

Vertex announced strong financial results for the third quarter ended September 30, 2023. Total revenues were $145.0 million, up 14.9% year-over-year. Annual Recurring Revenue (ARR) was $484.9 million, up 17.8% year-over-year. Net loss was $(3.4) million, and Non-GAAP diluted EPS was $0.10.

Vertex announced strong Q2 2023 financial results, featuring high-teens revenue growth and a notable increase in adjusted EBITDA. Total revenues reached $139.7 million, up 17.1% year-over-year. The company's net revenue retention increased to 111%, and it delivered record average annual revenue per customer.

Vertex announced its Q1 2023 financial results, reporting a total revenue of $132.8 million, a 15.5% increase year-over-year. The company's ARR reached $446.5 million, up 17.3% year-over-year, and the Average Annual Revenue per direct customer was $104,370. Despite a net loss of $(18.1) million, the company's non-GAAP operating income was $16.5 million, and Non-GAAP diluted EPS was $0.08.

Vertex announced strong Q4 2022 results with revenue growth of 17.4% year-over-year. The company delivered positive free cash flow and saw acceleration in revenue growth. Investments in strategic acquisitions and product development are driving growth opportunities.

Vertex's Q3 2022 financial results showed a 14% year-over-year increase in total revenues, reaching $126.2 million. Software subscription revenues grew by 15.3% to $106.4 million, and cloud revenues increased by 31.3% to $43.8 million. The company's ARR reached $411.5 million, a 16.6% increase year-over-year. Net loss was $(1.1) million, and Non-GAAP diluted EPS was $0.08.

Vertex announced strong second-quarter results, with total revenues of $119.3 million, a 13.7% increase year-over-year, and software subscription revenues of $101.1 million, up 12.8% year-over-year. The company's ARR reached $398.1 million, up 18.4% year-over-year, while Net Revenue Retention was 110%.

Vertex announced strong first quarter results with a 17% increase in total revenues year-over-year, driven by software subscriptions and cloud revenues. The company saw continued growth in ARR and NRR rates, and refinanced its credit facility to increase operational flexibility.

Vertex announced its Q4 and full year 2021 financial results, revealing a 12.2% increase in total revenues for the fourth quarter, reaching $111.7 million. The company's ARR grew by 17.0% year-over-year to $370.2 million, and the net revenue retention rate was 108%.

Vertex announced financial results for the third quarter ended September 30, 2021. Total revenues were $110.7 million, up 17.0% year-over-year. The company acquired LCR-Dixon and launched the global Vertex Cloud VAT Compliance solution.

Vertex announced its Q2 2021 financial results, reporting a total revenue of $104.9 million, up 15.0% year-over-year, and software subscription revenues of $89.6 million, up 15.9% year-over-year. The company's cloud revenues increased by 59.5% year-over-year, and the Net Revenue Retention rate was 106%. Net income stood at $0.8 million, a significant improvement from the previous year's net loss of $(29.1) million.

Vertex announced strong first quarter results with a 10.1% increase in total revenues year-over-year, reaching $98.2 million. The company also reported a significant improvement in operating income and net income compared to the same period last year.

Vertex announced strong fourth-quarter financial results, with total revenues up 15.7% year-over-year to $99.5 million. Software subscription revenues also saw a significant increase, rising 15.1% year-over-year to $83.9 million. The company's annual recurring revenue (ARR) reached $316.4 million, marking a 13.6% increase year-over-year.

Vertex announced its Q3 2020 financial results, reporting a total revenue of $94.6 million, which is up by 14.8% year-over-year. The company's software subscription revenue reached $79.8 million, reflecting a 12.3% increase year-over-year. The Annual Recurring Revenue (ARR) was $306.5 million, up 15.4% year-over-year. However, the GAAP operating loss was $50.0 million, and the GAAP net loss was $21.0 million.

Vertex announced strong second quarter performance with a 16.5% increase in revenue and a 16.4% increase in ARR compared to the previous year. The company balanced growth and innovation with profitability, delivering adjusted net income growth of 47.4% to $18.9 million and an Adjusted EBITDA margin of 23.6%.