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Vertex (VERX)
NASDAQ:VERX
Earnings Data
Report Date
May 07, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
0.13Last Year’s EPS
0.15Same Quarter Last Year
Moderate Buy
Based on 13 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 27, 2025
|% Change Since: -24.44%
|Next Earnings Date:May 07, 2025
Earnings Call Sentiment|Positive
Vertex reported strong revenue growth and significant achievements such as surpassing on-premise revenue with cloud revenue, record new logo additions, and successful strategic partnerships. However, a decrease in net revenue retention and increased expenses were noted as challenges. Overall, the sentiment is positive due to the outweighing highlights.Company Guidance
During the Vertex Incorporated Fourth Quarter 2024 Earnings Conference Call, the company provided guidance for 2025, projecting total revenue in the range of $760 million to $768 million, reflecting an annual growth of 14.6% at the midpoint. Adjusted EBITDA is expected to be between $161 million and $165 million, with a full-year adjusted EBITDA margin of 21.3%. Cloud revenue is anticipated to grow by 28% for the full year. In Q1 2025, Vertex forecasts revenue between $175 million and $178 million, marking a 12.6% increase at the midpoint, and adjusted EBITDA between $33 million and $36 million. The company also plans strategic investments, particularly in e-invoicing and AI initiatives, to fuel long-term growth, with a focus on expanding country coverage and commercializing new AI-based products.Strong Revenue Growth
Vertex achieved a revenue of $178.5 million in the fourth quarter, up 15.2% year-over-year, and full-year revenue of $668.8 million, up 16.5% from 2023.
Cloud Revenue Milestone
Cloud revenue grew 28.6% for the full year, now exceeding on-premise revenue for the first time, aligning with Vertex's strategic intent.
Record New Logo Additions
The fourth quarter was a record for new logos from both dollar and unit standpoint, expected to fuel cross-sell and up-sell opportunities.
Strategic Partnerships and Pipeline Growth
Pipeline from SAP channel increased by more than 20%, and referral deals from SAP sales reps also increased by over 20%.
Successful Competitive Takeaways
Vertex won a significant competitive takeaway from a pioneering AI company, encompassing 35 regions and 500 million transactions per year.
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VERX Earnings History
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
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VERX Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 27, 2025 | $42.63 | $34.54 | -18.98% |
| Nov 06, 2024 | $43.71 | $49.76 | +13.84% |
| Aug 07, 2024 | $36.17 | $34.62 | -4.29% |
| May 08, 2024 | $30.15 | $29.92 | -0.76% |
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.
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FAQ
When does Vertex (VERX) report earnings?
Vertex (VERX) is schdueled to report earning on May 07, 2025, TBA Not Confirmed.
What is Vertex (VERX) earnings time?
Vertex (VERX) earnings time is at May 07, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is VERX EPS forecast?
VERX EPS forecast for the fiscal quarter 2025 (Q1) is 0.13.
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