Vertex, Inc.

Vertex, Inc. Earnings Recaps

VERX Information Technology 1 recap
Q3 2025 Nov 5, 2025

Vertex Inc. reported a strong third quarter, with revenue growth driven by cloud and subscription services, despite challenges from customer turnover and bankruptcies. Adjusted EBITDA reached a record high, demonstrating effective cost management and operational leverage.

Key takeaways
  • Revenue of $192.1 million, up 12.7% year-over-year, with cloud revenue growing 29.6%.
  • Adjusted EBITDA of $43.5 million, exceeding guidance by $2.5 million, resulting in a margin of 22.6%.
  • Annual recurring revenue increased 12.4% to $648.2 million; customer count grew 14%.
  • Significant share repurchase program announced, authorizing up to $150 million, indicating confidence in long-term growth.
  • Strong momentum in e-invoicing and ongoing improvements in cost management enhance future growth prospects.
Full recap