Every 8-K that Vertex, Inc. (VERX) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow VERX and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full VERX filings page.
Vertex, Inc. (VERX) elected Debanjan Saha to its board, effective October 7, 2026. The board designated him a Class II director with a term expiring at the 2028 Annual Meeting of Stockholders, and determined he is independent under Nasdaq listing standards and applicable SEC rules. Saha has served as DataRobot’s chief executive officer since September 2022 and previously held leadership roles at Google Cloud and Amazon Web Services. He will participate in Vertex’s standard non-employee director compensation program and receive a pro-rated annual restricted stock award upon appointment. He has not yet been named to a board committee.
Vertex, Inc. reported second‑quarter 2026 revenue of $203,970 (dollars in thousands), up from $184,559 a year earlier, driven by software subscriptions of $174,753 and services of $29,217. GAAP net income was $9,043 (basic and diluted EPS $0.06), compared with a net loss of $961 in 2025.
Non‑GAAP gross profit reached $155,199 with a non‑GAAP gross margin of 76.1%. Non‑GAAP operating income was $44,295, and non‑GAAP net income was $33,256 (non‑GAAP diluted EPS $0.20). Adjusted EBITDA was $51,015, representing an Adjusted EBITDA margin of 25.0%. Free cash flow for the quarter was $2,733.
For the first six months of 2026, revenue totaled $400,616 and net income $6,533. Cash and cash equivalents were $230,489 at June 30, 2026, against debt of $338,605. Vertex reported 4,919 direct and 540 indirect customers and highlighted progress on its “AI‑First” strategy and Value Creation Plan, noting higher confidence in full‑year revenue and Adjusted EBITDA outlook.
Vertex, Inc. reported the results of its Annual Meeting of Stockholders. Stockholders elected Eric Andersen, David DeStefano, and Christopher Young as directors to serve until the 2029 annual meeting or earlier replacement events. Andersen received 815,856,932 votes for, DeStefano 835,946,632, and Young 837,340,096, each with additional withheld and broker non-vote totals.
Stockholders also ratified the appointment of Crowe LLP as independent auditor for the fiscal year ending December 31, 2026, with 846,882,485 votes for, 19,075 against, and 50,296 abstentions, and no broker non-votes reported for this proposal.
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.
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. reported stronger results for 2025, returning to profitability on higher recurring software revenue. Total revenues reached $748,444, up from $666,776, driven mainly by software subscriptions of $639,654 and services of $108,790.
The company swung from a net loss of $52,729 in 2024 to net income of $7,211 in 2025. Non-GAAP net income increased to $105,772, with Adjusted EBITDA rising to $161,540. Free cash flow declined to $47,589 as Vertex boosted property, equipment and software investments.
Management highlighted double-digit revenue growth, accelerating e-invoicing momentum and early traction from its AI-driven Smart Categorization offering. In Q4 2025 the company repurchased approximately $10 million of Class A shares under its $150 million authorization, reflecting confidence in long-term prospects.
Vertex, Inc. entered into a First Amendment to its recently amended and restated credit agreement with PNC Bank and other lenders. The amendment gives the company additional flexibility to return cash to shareholders through dividends, distributions, and share repurchases, but only under specific conditions. These payments are permitted if no event of default has occurred or would result and if Vertex maintains a pro forma secured debt net leverage ratio of less than 2.50 to 1.00, calculated as if the dividend, distribution, and any related borrowing had already occurred at the end of the most recent quarter. This change increases capital return options while keeping leverage and credit protections in place.
Vertex, Inc. (VERX) announced its first stock repurchase program, authorizing the buyback of up to $150 million of its Class A common stock. The company said repurchases may occur in open market or privately negotiated transactions, and through other legally permissible means under the Exchange Act.
Management will determine the timing and amount based on market conditions and other factors. Repurchases may also be executed under a Rule 10b5-1 plan, which allows purchases during blackout periods. Any repurchased shares will be available for use in the company’s stock plans and for other corporate purposes. The program has no termination date and may be modified, suspended, or discontinued at any time. The company also furnished a press release with financial results for the quarter ended September 30, 2025 as Exhibit 99.1.
Vertex, Inc. (VERX) furnished preliminary results for the quarter ended September 30, 2025 and announced a leadership transition. CEO, President and Chairperson David DeStefano will retire as an executive officer effective November 10, 2025, remain Chairperson, and serve as a consultant through December 31, 2025 for $235,000, with optional monthly extensions at $50,000 through March 31, 2026.
The Board appointed Christopher Young as CEO, President and a Class III director effective November 10, 2025. His employment terms include a $700,000 base salary, a sign-on RSU grant valued at $25,000,000 vesting over four years, and a $500,000 signing bonus subject to repayment if he departs (outside good reason) or is terminated for cause within two years. Upon a qualifying termination, he is eligible for 24 months of base salary continuation and up to 24 months of health coverage payments, with specified acceleration or continuation of equity vesting tied to change-in-control scenarios.