Quarterly ResultMay 7, 2026, 07:22 AM
Vertex Q1 Revenue $196.6M, Adjusted EBITDA $44.1M; Raises FY26 Outlook
AI Summary
Vertex, Inc. announced strong first quarter 2026 financial results, with total revenues of $196.6 million and adjusted EBITDA of $44.1 million, both exceeding the higher end of guidance. The company also acquired Brinta, an AI-first e-invoicing startup, to expand its Latin American coverage. Furthermore, Vertex introduced a Value Creation Plan expected to accelerate profitability and raised its full-year 2026 Adjusted EBITDA guidance.
Key Highlights
- Total revenues of $196.6 million, up 11.1% year-over-year, exceeding guidance.
- Adjusted EBITDA reached $44.1 million, up from $37.2 million year-over-year.
- Non-GAAP diluted EPS was $0.17 for the quarter.
- Acquired Brinta, an AI-first e-invoicing startup in Latin America.
- Value Creation Plan expected to save $60-$70 million cash annually from 2027.
- Raised full-year 2026 Adjusted EBITDA guidance to $202.0-$208.0 million.
- Q2 2026 revenue guidance set at $200.0-$204.0 million.
- Cloud revenues grew 20.7% year-over-year to $96.8 million.