Vertex Announces First Quarter 2026 Financial Results
Vertex reported Q1 revenue of $196.6 million, up 11.1% year-over-year, with Adjusted EBITDA of $44.1 million and a margin of 22.4%, both exceeding the high end of guidance. Management raised full-year 2026 Adjusted EBITDA guidance to $202.0–$208.0 million, driven by a new Value Creation Plan expected to deliver $60–$70 million in annualized cash savings beginning in 2027.
Key figures
- Revenue
- 196600000
- Guidance
- FY2026 revenue $823.5M-$831.5M; FY2026 Adjusted EBITDA $202.0M-$208.0M (raised); Q2 2026 revenue $200.0M-$204.0M; Q2 2026 Adjusted EBITDA $47.0M-$50.0M
- Revenue Yoy
- 11.1%
- Arr
- 687600000
- Nrr
- 105%
- Non gaap eps
- 0.17
- Cloud revenue
- 96800000
- Free cash flow
- 7659000
- Adjusted ebitda
- 44100000
- Software revenue
- 167100000
- Adjusted ebitda margin
- 22.4%
- Non gaap operating income
- 37600000
AI analysis
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