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Vertex, Inc. (VERX)
:VERX
Holding VERX?
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Earnings Data
Report Date
Mar 05, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.14Last Year’s EPS
0.13Same Quarter Last Year
Strong Buy
Based on 12 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 10, 2020
|% Change Since: 29.03%
|Next Earnings Date:Sep 09, 2020
Earnings Call Sentiment|Positive
Vertex showed strong financial performance with significant revenue growth, strategic acquisitions, and new customer wins. However, there were challenges with flat services revenue growth and increased administrative costs. The acquisition of ecosio, while promising, is expected to be initially dilutive to EBITDA.Company Guidance
In the third quarter of 2024, Vertex Inc. reported strong financial results, with revenue reaching $170.4 million, marking a 17.5% year-over-year increase. The company's subscription revenue grew by 20.6%, and cloud revenue surged by 29.9%. Adjusted EBITDA was $38.6 million, reflecting a margin of 22.7%, while free cash flow amounted to $18.4 million. Vertex achieved a GAAP net income of $7.2 million or $0.04 per diluted share. Key performance indicators included a net revenue retention (NRR) of 111% and gross revenue retention (GRR) of 95%. The annual recurring revenue (ARR) stood at $563 million, and the scaled customer count increased by 13% year-over-year. The company's guidance for the fourth quarter projects revenue between $175 million and $178 million, with adjusted EBITDA estimated to be between $33 million and $37 million.Strong Revenue and Growth
Revenue was $170.4 million, up 17.5% year-over-year. Software subscription growth was 20.6% and cloud revenue growth was 29.9%.
Successful Acquisition of ecosio
Completed the acquisition of ecosio in late August, contributing $1 million to Q3 revenue and $8.1 million to ARR.
Record Customer and Partner Attendance
Annual customer conference had record attendance, showcasing new AI capabilities and enhancements to the global partner program.
Improved Financial Metrics
Adjusted EBITDA was $38.6 million, a margin of 22.7%. Free cash flow was $18.4 million. GAAP net income was $7.2 million.
Notable New Customer Wins
Secured high-profile new logo deals, including a major electric vehicle manufacturer with nearly 7 figures of new recurring revenue.
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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 |
|---|---|---|---|
| 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% |
| Feb 29, 2024 | $25.40 | $33.58 | +32.20% |
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, Inc. (VERX) report earnings?
Vertex, Inc. (VERX) is schdueled to report earning on Mar 05, 2025, TBA Not Confirmed.
What is Vertex, Inc. (VERX) earnings time?
Vertex, Inc. (VERX) earnings time is at Mar 05, 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 2024 (Q4) is 0.14.
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