Vertex, Inc. ( (VERX) ) has released its Q2 earnings. Here is a breakdown of the information Vertex, Inc. presented to its investors.
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Vertex, Inc. is a leading global provider of indirect tax solutions, offering tailored tax technology for businesses across various industries to manage complex tax compliance. In its second quarter of 2025, Vertex reported a double-digit revenue growth, driven by increased demand for its solutions amid growing complexities in indirect tax regulations. Key financial highlights include a 14.6% year-over-year increase in total revenues to $184.6 million, with software subscription revenues rising by 15.7% and cloud revenues surging by 29.9%. The company’s Annual Recurring Revenue (ARR) reached $636.6 million, marking a 16.1% increase compared to the previous year. Despite these positive trends, Vertex reported a net loss of $1.0 million, contrasting with a net income of $5.2 million in the same period last year, attributed to extended sales cycles and delayed customer decision-making impacting new contract signings. Looking ahead, Vertex remains optimistic about its growth prospects, with expectations for continued revenue increases driven by ERP cloud conversions and global e-invoicing mandates, although it has adjusted its financial guidance for the full year 2025 due to recent market challenges.