Vertex, Inc.

Vertex, Inc. announced it will release its second quarter 2026 financial results after the market close on Monday, August 3, 2026. Following the release, the company will host a conference call at 5:00 p.m. Eastern Time on the same day to discuss the results. Interested parties can register in advance for the live event or access a live webcast and an audio-only replay on the company's investor relations website.

Vertex, Inc. announced that its President and Chief Executive Officer, Chris Young, and Chief Financial Officer, John Schwab, will present at the 46th Annual William Blair Growth Stock Conference. The presentation is scheduled for Wednesday, June 3, 2026, at 2:40 PM Central Time. A live webcast and replay will be accessible via the company's investor relations website.

Vertex Inc. announced new global research revealing that growing gaps between IT, Tax, and Finance teams are becoming a significant barrier to compliance, exposing organizations to disruption and revenue risk. The 2026 study, based on a survey of 1,050 senior leaders, highlights that despite awareness of collaboration benefits, these teams often fail to work effectively, leading to challenges in governance, data quality, and ownership. As businesses accelerate ERP modernization and AI initiatives, unresolved underlying issues could amplify fragmentation, making compliance increasingly difficult in real time.

Vertex, Inc. acquired Brinta, a Latin American provider of tax calculation, filing, and e-invoicing services, on March 2, 2026, for $21.97 million, expanding its presence in the region. For the first quarter of 2026, the company reported a net loss of $(2.51) million, or $(0.02) per share, a significant decline from a net income of $11.13 million in the prior year. Total revenues increased by 11.06% to $196.65 million, driven by growth in both software subscriptions and services. The company also repurchased $20.04 million in shares during the quarter.

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.

Vertex, Inc. announced its Board of Directors approved a global Value Creation Plan to become more AI-enabled, focus investments, and drive operational efficiency. The plan includes a reduction in force of approximately 170 employees, representing about 9% of its global workforce. The company estimates pre-tax charges of $6 million to $8 million, primarily for employee severance and separation benefits, with the majority expected in the first quarter of fiscal year 2026.

Vertex, Inc. announced its 2026 Annual Meeting of Stockholders will be held virtually on June 10, 2026, at 9:00 a.m. EDT. Stockholders will vote on the election of three Class III Directors Eric Andersen, David DeStefano, and Christopher Young and the ratification of Crowe LLP as the independent registered public accounting firm for the fiscal year ending December 31, 2026. The record date for voting is April 15, 2026.

Vertex, Inc. announced it will release its first quarter 2026 financial results before the market opens on Thursday, May 7, 2026. A conference call to discuss these results will be held at 8:30 a.m. Eastern Time on the same day. Investors can register for the live event or access a live webcast through the company's investor relations website, with an audio-only replay available for one year.