NASDAQ$VERX

Vertex Inc · Q3 2025 earnings

Q3 2025 earnings · · Before market open · Investor relations

Briefing

Vertex reported Q3 2025, revenue of $192.1M, net income of $4M.

For Q3 2025, Vertex reported revenue of $192.1M, net income of $4M. Management discusses operations, liquidity, and outlook in the quarterly filing.

  • Revenue $192.1M.
  • Net income $4M.
  • Vertex highlights liquidity, operations, and sector risks in MD&A.

Headline financials

Total Revenue

$192M

Previous: $170M+12.7%
EPS (adj)

$0.17

Previous: $0.16+6.3%
Annual Recurring Revenue

$648M

Previous: $577M+12.4%
Net Revenue Retention

107.0%

Previous: 111.0%-3.6%
Gross Revenue Retention

95.0%

Previous: 95.0%+0.0%
Average Annual Revenue per direct customer

$133K

Previous: $119K+12.4%
Direct Customers

4.9K

Previous: 4.9K+0.0%
Indirect Customers

516

Previous: 448+15.2%
Adjusted EBITDA

$43.5M

Previous: $38.6M+12.6%
Adjusted EBITDA Margin

22.6%

Previous: 22.7%-0.4%
Free Cash Flow Margin

15.7%

Previous: 10.8%+45.4%
Net Income

$4.05M

Previous: $7.22M-44.0%
Operating Income

$4.32M

Previous: $4.9M-11.8%

Revenue & EPS history

Vertex · Revenue · Quarterly

$192M

Q3 2025+12.7%vs Q3 2024
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

Vertex · $23.7M total across 1 segment · Q3 2023

  • Services
    $23.7M+19.5%

Forward guidance

The filing discusses Vertex's outlook, including capital allocation, operating priorities, and market risks relevant to the reported quarter.

Tailwinds

  • Vertex cites operational priorities and demand trends supporting the outlook.
  • Balance sheet and liquidity actions aim to fund growth and returns.

Headwinds

  • Macro, pricing, and input-cost volatility could pressure margins.
  • Segment mix and one-time items may affect quarter-to-quarter comparability.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2025

Historical avgQ3 2025

+0.5%

Avg return

Earnings day

+0.3%

Avg return

5 days after

+4.2%

Avg return

30 days after

50%

12 / 24 earnings

Positive

+32.1%

Q4 2023

Best reaction

-20.9%

Q4 2020

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-5.2%+6.8%+3.9%
Q4 2025-13.8%-14.3%-10.6%
Q3 2025-8.5%-14.8%-13.6%
Q2 2025-18.0%-24.4%-27.3%
Q1 2025-3.1%-3.3%+6.1%
Q4 2024-19.0%-24.4%-16.6%
Q3 2024+17.4%+12.8%+28.8%
Q2 2024-1.4%-1.5%-2.5%
Q1 2024+1.3%+5.1%+13.7%
Q4 2023+32.1%+17.9%+25.0%
Q3 2023+21.3%+23.7%+27.6%
Q2 2023+8.2%+9.9%+23.1%
Q1 2023-5.9%-7.0%+8.7%
Q4 2022+20.2%+21.2%+48.4%
Q3 2022+11.3%+3.1%-7.0%
Q2 2022+10.1%+10.4%+13.6%
Q1 2022-19.7%-5.5%-13.2%
Q4 2021+1.1%-5.6%+16.0%
Q3 2021+1.4%+1.1%-14.2%
Q2 2021-0.2%+3.0%+1.7%
Q1 2021+13.5%+20.4%+16.7%
Q4 2020-20.9%-16.6%-34.3%
Q3 2020-10.2%-8.8%-1.2%
Q2 2020+0.7%-2.0%+8.4%
Q1 2020
Q4 2019
Q3 2019
Q2 2019
Q1 2019

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