While the company experienced significant revenue growth and maintained strong customer retention, the reduction in full-year guidance and challenges like ERP migration slowdown and macroeconomic uncertainties indicate a balance between positive growth and significant challenges.

Company Guidance -

Q3 2025

In the second quarter of 2025, Vertex Inc. reported revenues of $184.6 million, a year-over-year increase of 14.6%, with subscription revenue rising 15.7% and cloud revenue growing by 29.9%. Adjusted EBITDA reached $38.4 million, with a margin of 20.8%. The company experienced a 16.1% rise in annual recurring revenue (ARR) to $636.6 million and an increase in average annual revenue per customer by 12.7% to $142,600. Gross revenue retention sustained at 95%, within the targeted 94%-96% range, though net revenue retention dipped slightly to 108% due to slower customer growth and regulatory changes in Brazil. Despite these challenges, Vertex highlighted strong momentum in Europe, particularly with e-invoicing, where annual recurring revenue at Ecosio grew by 33% to $10.8 million. Looking forward, Vertex adjusted its full-year guidance to revenues between $750 million and $754 million and adjusted EBITDA of $156 million to $160 million, attributing the revision to macroeconomic factors impacting ERP migrations and customer deal activities.

Revenue Growth

Second quarter revenue was $184.6 million, up 14.6% year-over-year. Subscription revenue grew 15.7% and cloud revenue growth increased to 29.9%.

Annual Recurring Revenue Increase

Annual recurring revenue (ARR) grew 16.1% to $636.6 million.

e-Invoicing Success

Momentum in Europe led by Ecosio's ARR reaching $10.8 million, a 33% increase from the prior quarter. New mandates in Belgium and anticipated growth in France and Germany.

Strong Customer Retention

Gross revenue retention remained at 95% in the second quarter within their targeted best-in-class range of 94% to 96%.

Strategic AI Investments

Continued investment in AI, including collaborations with multiple AI and cloud hyperscaler providers, enhancing product functionality and customer experience.

Vertex (GB:0A3L) Earnings, Revenues Date & History

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GB:0A3L Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 05, 2025	2025 (Q3)	0.15 / -	0.16	―	―	―
Aug 06, 2025	2025 (Q2)	0.14 / 0.15	0.15	0.00% (0.00)	―
May 07, 2025	2025 (Q1)	0.13 / 0.15	0.15	0.00% (0.00)	―
Feb 27, 2025	2024 (Q4)	0.14 / 0.15	0.13	15.38% (+0.02)	―
Nov 06, 2024	2024 (Q3)	0.14 / 0.16	0.1	60.00% (+0.06)
Aug 07, 2024	2024 (Q2)	0.13 / 0.15	0.08	87.50% (+0.07)
May 08, 2024	2024 (Q1)	0.13 / 0.15	0.08	87.50% (+0.07)
Feb 29, 2024	2023 (Q4)	0.11 / 0.13	0.08	62.50% (+0.05)
Nov 09, 2023	2023 (Q3)	0.09 / 0.10	0.08	25.00% (+0.02)
Aug 09, 2023	2023 (Q2)	0.08 / 0.08	0.06	33.33% (+0.02)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

GB:0A3L Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Aug 06, 2025	$33.22	$25.74	-22.52%
May 07, 2025	$39.12	$36.30	-7.21%
Feb 27, 2025	$42.65	$35.09	-17.73%
Nov 06, 2024	$42.99	$48.68	+13.25%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.