NASDAQ$VERX
Vertex Inc · Q4 2022 earnings
Q4 2022 earnings · · Investor relations
Briefing
Vertex's Q4 2022 financial results were announced, showcasing revenue growth and strong profitability.
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.
- Total revenues increased by 17.4% year-over-year, reaching $131.1 million.
- Software subscription revenues grew by 18.9% year-over-year, amounting to $110.9 million.
- ARR increased by 16.5% year-over-year, reaching $431.1 million.
- Net Revenue Retention rate was 110%, up from 108% in the prior year.
Headline financials
Revenue & EPS history
Vertex · Revenue · Quarterly
$131M
Revenue by segment
Vertex · $20.2M total across 1 segment · Q4 2022
- Services$20.2M+10.0%100.0%
Forward guidance
For the first quarter of 2023, the Company currently expects revenues of $131 million to $133 million, and Adjusted EBITDA of $19 million to $21 million. For the full-year 2023, the Company currently expects revenues of $550 to $556 million, Cloud revenue growth of 27%, and Adjusted EBITDA of $92 to $96 million.
Tailwinds
- Revenues of $131 million to $133 million for Q1 2023
- Adjusted EBITDA of $19 million to $21 million for Q1 2023
- Revenues of $550 to $556 million for full year 2023
- Cloud revenue growth of 27% for full year 2023
- Adjusted EBITDA of $92 to $96 million for full year 2023
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 Q4 2022
+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
| Quarter | Report date | Reaction (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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