VERX
Vertex, Inc.20.62
+1.16+5.96%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q4 '25)
No earnings call transcript available yet
Last Quarter (Q3 '25)
No earnings call transcript available
Key Stats
Market Cap
3.29BP/E (TTM)
-Basic EPS (TTM)
-0.35Dividend Yield
0%Recent Filings
8-K
8-K
Q3 growth, buyback, CEO change
Vertex reported Q3 2025 revenues of $192.1 million, up 12.7% year-over-year, with cloud revenues surging 29.6% to $92.0 million amid robust cash flow. The board authorized a $150 million stock repurchase program on October 30, 2025, to boost shareholder value, while David DeStefano transitions to non-executive chair and Christopher Young joins as CEO later this month. Leadership shift brings AI expertise. Yet, NRR dipped to 107%.
10-Q
Q3 FY2025 results
Vertex posted solid Q3 FY2025 results, with total revenues climbing 12.7% year-over-year to $192.1M, fueled by 12.7% growth in software subscriptions to $164.8M from existing customer expansions and modest new wins, while services rose 12.8% to $27.3M on higher returns processing volumes. Gross profit hit $121.3M, up 9.8%, but operating income dipped 11.8% to $4.3M amid steeper R&D and services costs; diluted EPS fell to $0.02 from $0.04, reconciling neatly with 159.2M weighted shares and no anti-dilution flags. Cash swelled to $313.5M, with free cash flow (derived) at $30.2M versus $18.4M last year, and $300M revolver fully available against $337M net debt due 2029 at 0.75%. The August 2024 ecosio buy closed for undisclosed cash, adding $35.9M goodwill and $4.1M intangibles amortized over 1.9 years on average, with earn-outs now valued at $106.1M. Yet competition from tax software rivals keeps pressure on retention.
8-K
Vertex CEO retires, Young succeeds
Vertex announced CEO David DeStefano's retirement effective November 10, 2025, with Christopher Young, ex-Microsoft EVP and McAfee CEO, stepping in as new CEO and board member. DeStefano stays on as non-executive chair, advising through 2025 for $235,000. Preliminary Q3 revenue hit $192 million, up from $170.4 million; Adjusted EBITDA reached $43 million versus $38.6 million last year. Young's tech savvy could sharpen Vertex's edge, yet transition risks linger.
8-K
Vertex Q2 revenues surge 14.6%
Vertex reported Q2 2025 revenues of $184.6 million, up 14.6% year-over-year, driven by 29.9% cloud revenue growth amid rising indirect tax complexity and ERP shifts. Yet profitability dipped, with a $3.9 million operating loss versus prior income, as extended sales cycles delayed deals. ARR hit $636.6 million, up 16.1%. Guidance trimmed for full-year revenues to $750-754 million. Sales delays sting short-term.
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