Monitor margin expansion as restructuring savings flow through—company expects $60-70M annual cash savings from 2027. Q2 2026 guidance implies ~9% revenue growth at midpoint; watch for customer retention metrics (NRR stable at 105%) and cloud revenue acceleration.
Price Chart
Executive Summary
Vertex reported Q1 2026 revenue of $196.6M (+11.1% YoY) and non-GAAP EPS of $0.17, beating the $0.09 consensus by 89%. Full-year Adjusted EBITDA guidance was raised to $202M-$208M, reflecting expected benefits from the recently announced 9% workforce reduction. However, GAAP net income swung to a loss of $2.5M from a profit of $11.1M a year ago due to restructuring charges.
Key Financial Metrics
Key Facts
- Total revenue $196.6M, up 11.1% YoY (above mgmt guidance high end of $196.5M)
- Non-GAAP diluted EPS $0.17 vs consensus $0.09 (beat of 88.9%)
- Cloud revenue $96.8M, up 20.7% YoY; ARR $687.6M, up 11.2%
- Full-year 2026 Adjusted EBITDA guidance raised to $202M-$208M from $188M-$192M
- GAAP net loss of $2.5M vs net income $11.1M in Q1 2025
- Value Creation Plan (restructuring) announced in April: 170 jobs cut (~9% workforce)
- Acquired Brinta, an AI e-invoicing startup in Latin America
Financial Impact
Revenue beat mgmt guidance by $0.1M; non-GAAP EPS beat consensus by $0.08; FY2026 Adjusted EBITDA guidance raised by $10M-$16M
Risk Factors
- Restructuring execution and potential disruption to operations
- Macroeconomic headwinds affecting enterprise spending
- Integration risk from Brinta acquisition
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001104659-26-056674 |
| Document: verx-20260507x8k.htm | 0001104659-26-056674 |
| Document: 0001104659-26-056674-index-headers.html | 0001104659-26-056674 |
| Document: 0001104659-26-056674-index.html | 0001104659-26-056674 |
| Document: 0001104659-26-056674.txt | 0001104659-26-056674 |
| 8-K Data (Synthetic) | 0001104659-26-056674 |
Track record builds as more directional reports settle.
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 15, 2026 11d ago | Press Release | $13.37 | awaiting T+20 | — | $14.70 (+9.95%) |
Oct 8, 2026 18d ago | 3 | $12.95 | awaiting T+20 | — | $14.70 (+13.51%) |
Oct 1, 2026 25d ago | 8-K | $12.01 | awaiting T+20 | — | $14.70 (+22.40%) |
Aug 13, 2026 10w ago | Press Release | $13.25 $12.26 | ▲ +7.47% | ▲ +5.72% | $14.70 (−10.94%) |
Jun 1, 2026 21w ago | Press Release | $14.96 $11.48 | ▲ +23.26% | ▲ +21.96% | $14.70 (+1.74%) |
May 7, 2026 24w ago | 8-K | $14.67 $12.79 | ▼ −12.82% | ▼ −15.95% | $14.70 (+0.20%) |
Apr 13, 2026 28w ago | Press Release | $11.56 $13.91 | ▲ +20.33% | ▲ +12.60% | $14.70 (+27.16%) |
US Market Status
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