Vertex Q1 FY26 turns to net loss of $2.5 million; revenue rises 11.1% to $196.6 million

• Vertex posted revenue of $196.6 million, up 11.1% year over year, as operating results swung to a loss of $10.6 million from operating income.
• Net results turned to a loss of $2.5 million, or $0.02 per share, from net income.
• Adjusted EBITDA rose to $44.1 million from $37.2 million, lifting margin to 22.4% from 21%.
• ARR increased 11.2% to $687.6 million, while net revenue retention fell 4 percentage points to 105%.
• Acquired Brinta, an AI-first e-invoicing startup in Latin America; raised full-year adjusted EBITDA outlook to $202 million-$208 million, citing April cost actions under Value Creation Plan with expected annualized cash savings of $60 million-$70 million starting 2027.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Vertex Inc. published the original content used to generate this news brief on May 07, 2026, and is solely responsible for the information contained therein.