Vertex, Inc.

Vertex, Inc., together with its subsidiaries, provides enterprise tax technology solutions for retail trade, wholesale trade, and manufacturing industries in the United States and internationally. The company offers tax determination; compliance and reporting, including workflow management tools; tax data management and document managementsolutions.

• CEO Statement about Q1 Results- Vertex delivered a strong performance in the first quarter, positioning us well for a successful 2025,” said David DeStefano, Vertex’s President, CEO, and Chair of the Board. “Our financial results aligned with expectations, and we advanced key strategic priorities such as e-invoicing and artificial intelligence. 

• Despite recent geopolitical and market challenges, we remain highly confident in our financial outlook for 2025 and our long-term growth potential in the indirect tax automation market

• Total Revenues
  Vertex reported total revenues of $177.1 million for the first quarter of 2025, reflecting a 12.9% increase compared to the same period in 2024. This growth highlights continued customer demand and expansion across key markets, underscoring the company's ability to execute effectively on its strategic and financial goals.

• Software Subscription Revenues
  Software subscription revenues reached $150.8 million, representing a 14.4% year-over-year increase. This performance was driven by strong customer retention and new business momentum, reflecting the growing adoption of Vertex’s software solutions as businesses increasingly seek automation and compliance support within the indirect tax and financial technology landscape.

• Cloud Revenues
  Cloud revenues climbed to $80.2 million, marking a 29.6% increase compared to the prior year. The strong growth demonstrates continued customer migration to cloud-based solutions and reinforces Vertex’s strategic focus on delivering scalable, secure, and high-performing technologies that align with modern enterprise needs and digital transformation initiatives.

• Net Revenue Retention (NRR)
  Net Revenue Retention (NRR) stood at 109% as of March 31, 2025, compared to 112% in the prior year and consistent with 109% at year-end 2024. This performance underscores sustained customer loyalty and account expansion, despite a slight decline, reflecting a stable and healthy recurring revenue base.

Acrobull UK Recommendation Based on Evaluation