Vertex, Inc. 8K

Vertex, Inc. announced Q1 2026 results with strong revenue and adjusted EBITDA, detailed its acquisition of AI e-invoicing startup Brinta, and outlined cost actions under a Value Creation Plan that support higher profitability guidance despite a GAAP net loss.

Vertex, Inc. reported its first quarter 2026 financial results, highlighting 11.1% year-over-year total revenue growth to $196.6 million, strong cloud revenue expansion of 20.7%, and adjusted EBITDA of $44.1 million with a 22.4% margin, while GAAP results showed a $10.6 million operating loss and a $2.5 million net loss. Management disclosed the acquisition of Brinta, an AI-first e-invoicing startup in Latin America, to accelerate its regional coverage and AI-native capabilities in real-time compliance, and referenced April 2026 cost actions under a Value Creation Plan that drove $6.2 million of Q1 severance costs and are expected to materially enhance earnings leverage and reduce cash spend by an estimated $60–$70 million annually beginning in 2027. The company raised its full-year 2026 adjusted EBITDA guidance in connection with these initiatives and provided forward-looking guidance for Q2 and full-year 2026 revenues and profitability, while emphasizing continued stability in customer demand and retention metrics such as ARR growth, AARPC expansion, and solid gross and net revenue retention.

Filing Facts

CIK

1806837

Ticker

-

Form

8K

Source Type

sec

Accession

0001104659-26-056674

Alert Tier

7