Vertex, Inc. announced strong third-quarter financial results with total revenues of $192.1 million, software subscription revenues up 12.7% year-over-year, and cloud revenues up 29.6%. The company also introduced a $150 million stock repurchase program to maximize long-term stockholder value.

David DeStefano, Vertex’s CEO, expressed confidence in the company’s long-term market opportunity, attributing growth to cloud migrations and increasing tax complexity globally. Incoming CEO Christopher Young, a former Microsoft executive, is expected to lead Vertex to the next level with his experience in scaling technology companies.

For the fourth quarter of 2025, Vertex expects revenues of $192.0 million to $196.0 million and adjusted EBITDA of $40.0 million to $42.0 million. The full-year revenue forecast is $745.7 million to $749.7 million with cloud revenue growth of 28% and adjusted EBITDA of $159.1 million to $161.1 million.

The company reported net income of $4.0 million for the third quarter, with non-GAAP net income of $28.6 million and non-GAAP diluted EPS of $0.17. Adjusted EBITDA reached $43.5 million, reflecting a 22.6% margin. Vertex’s financial outlook remains stable, with an increase in full-year Adjusted EBITDA guidance.

Vertex uses non-GAAP financial measures for internal budgeting and forecasting. These metrics, including cost of revenues, operating income, and net income, provide a clearer picture of the company’s financial health. The reconciliation of GAAP and non-GAAP measures ensures transparency and comparability for investors and stakeholders.

Read more at GlobeNewswire: Vertex Announces Third Quarter 2025 Financial Results and