Welcome to our dedicated page for Vertex SEC filings (Ticker: VERX), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Vertex, Inc. filings document a Delaware operating company whose Class A common stock trades on Nasdaq under VERX. The company’s Form 8-K reports furnish quarterly and annual operating results for its enterprise tax and compliance technology business, including updates tied to indirect tax solutions, e-invoicing, cloud offerings, and capital allocation.
Regulatory filings also cover governance and executive compensation through definitive proxy materials, material credit agreement amendments, stock repurchase authorization, leadership and board matters, and exit or disposal activity under the company’s Value Creation Plan. These disclosures describe the company’s capital structure, voting matters, and corporate actions for its public-company reporting record.
Vertex, Inc. institutional ownership report: Morgan Stanley reports beneficial ownership of 4,146,241 shares of Class A Common Stock, representing 5.3% of the class. The filing attributes 4,115,461 shares of shared voting power and 4,146,241 shares of shared dispositive power. The filing is signed by an authorized Morgan Stanley signatory on 05/12/2026.
Vertex, Inc. reported Q1 2026 revenue of $196.6 million, up from $177.1 million a year earlier, driven mainly by growth in cloud subscriptions. Despite higher gross profit, the company posted a net loss of $2.5 million versus prior-year net income of $11.1 million as operating expenses increased, including stock-based compensation of $18.5 million and legal and transaction costs.
Operating cash flow strengthened to $38.0 million from $14.8 million, while investing cash outflows rose to $52.3 million, reflecting the $22.0 million Brinta acquisition and continued internal software investment. Financing activities used $53.3 million, mainly for $20.0 million of share repurchases and a $19.6 million ecosio earn-out payment. Vertex ended the quarter with $252.5 million in cash and a $345.0 million principal balance of 0.750% convertible senior notes due 2029. Adjusted EBITDA reached $44.1 million, up from $37.2 million. The company also recorded a $6.2 million severance charge tied to a new Value Creation Plan reducing about 170 positions.
Vertex, Inc. reported first quarter 2026 revenue of $196.6 million, up from $177.1 million, driven mainly by software subscriptions of $167.1 million and services of $29.5 million. GAAP results showed a net loss of $2.5 million, compared with net income of $11.1 million a year earlier, as operating expenses rose, including severance and transaction costs.
On a non-GAAP basis, the company generated non-GAAP net income of $28.7 million and Adjusted EBITDA of $44.1 million, a 22.4% margin, alongside free cash flow of $7.7 million, reversing negative free cash flow in the prior year period. Management highlighted stable customer demand and retention.
Vertex acquired Brinta, an AI-first e-invoicing startup in Latin America, to extend real-time compliance capabilities in the region. The company also launched a Value Creation Plan, with cost actions taken in April expected to increase earnings leverage and deliver approximately $60–$70 million of annual cash savings beginning in 2027, supporting higher full-year 2026 Adjusted EBITDA guidance.
Vanguard Portfolio Management reports beneficial ownership of 4,841,652 shares of Vertex Inc common stock, representing 6.22% of the class as of 03/31/2026. The filing shows sole power to vote on 60,971 shares and sole dispositive power over 4,841,652 shares. The disclosure states these holdings reflect securities managed by Vanguard Portfolio Management LLC and affiliated business divisions, including securities held by Vanguard funds and managed accounts. The form is signed by Ashley Grim, Head of Global Fund Administration, dated 04/29/2026.
Vertex, Inc. approved a global Value Creation Plan to become a more AI-enabled company, focus investment on key growth areas, and improve operational efficiency. The plan includes a reduction in force of about 170 employees, or approximately 9% of its global workforce as of April 27, 2026.
Vertex expects pre-tax charges of $6 million to $8 million, mainly for severance, notice pay, statutory termination indemnities, and other separation benefits. Most of these charges are expected to be recognized in the first quarter of fiscal 2026, with the rest in later quarters as the plan is implemented.
Vertex, Inc. is asking stockholders to vote at its fully virtual 2026 Annual Meeting on June 10, 2026 at 9:00 a.m. EDT. Holders of Class A and Class B Common Stock as of April 15, 2026, totaling 161,737,785 shares outstanding, may vote.
Stockholders will elect three Class III directors—Eric Andersen, David DeStefano and Christopher Young—for terms ending in 2029 and ratify Crowe LLP as independent registered public accounting firm for the year ending December 31, 2026. The Board unanimously recommends voting FOR both proposals.
Vertex has a dual-class structure: Class A shares carry one vote, and Class B shares carry ten votes, giving Class B 91.2% of combined voting power. The company is a Nasdaq “controlled company” but is not currently relying on related governance exemptions and maintains a majority of independent directors and fully independent key committees.
The proxy also outlines board leadership, committee responsibilities, sustainability and cybersecurity oversight, and an executive pay program emphasizing performance-based incentives, stock ownership guidelines, clawback provisions, and restricted stock unit grants, including one‑time hiring and annual awards for the CEO transition in 2025.
Vertex, Inc. Schedule 13G/A Amendment No. 5: The filing states that the reporting persons collectively beneficially own 3,398,563 shares of Class A Common Stock, representing 4.37% of the class as shown with a 03/31/2026 date. The amendment is described as an exit filing because the reporting persons no longer beneficially own more than five percent of the outstanding shares. The filing lists the reporting parties (Arthur C. Young; Douglas J. Dossey; Tensile Capital Management entities and related funds) and provides signatures dated 04/02/2026.
Vertex Inc ownership filing: The Vanguard Group amended its Schedule 13G to report zero beneficial ownership of Vertex Inc common stock following an internal realignment. The amendment explains certain Vanguard subsidiaries and business divisions will report holdings separately in reliance on SEC Release No. 34-39538.
The filing is signed by Ashley Grim, Head of Global Fund Administration, dated 03/27/2026.
Vertex, Inc. disclosed that the ITEM SECOND IRR. TRUST FBO KYLE R. WESTPHAL u/a of JEFFREY R. WESTPHAL dated October 5, 2001, a 10% owner, made an open-market purchase of 10,000 shares of Class A Common Stock at a weighted average price of $15.0477 per share. After this transaction, the trust directly owns 1,221,100 shares of Vertex Class A Common Stock. The price reflects multiple trades between $15.02 and $15.06.