Vertex, Inc. (NASDAQ: VERX) announced Q2 financial results, showing total revenues of $184.6 million, up 14.6% YoY. Cloud revenues were up 29.9% YoY, with an ARR of $636.6 million, up 16.1% YoY. Loss from operations was $3.9 million, with Non-GAAP net income of $24.9 million and EPS of $0.15.

For Q3 2025, Vertex expects revenues of $190.0 million to $193.0 million and adjusted EBITDA of $38.0 million to $40.0 million. For the full year, they anticipate cloud revenue growth of 28% and adjusted EBITDA of $156.0 million to $160.0 million.

Due to extended sales cycles impacting new contract signings, Vertex reduced its 2025 financial guidance. The company is unable to reconcile forward-looking Adjusted EBITDA to net income without unreasonable efforts. They are closely monitoring risk factors and uncertainties affecting their outlook.

Non-GAAP financial measures used by Vertex include ARR, NRR, and GRR, providing insights into revenue retention and growth. Key metrics such as AARPC, NRR, and GRR were reported, along with customer counts for direct and indirect customers over the past five quarters.

Vertex’s financial outlook, operational performance, and key business metrics were detailed in their Q2 earnings release. The company’s mission is to deliver trusted tax technology solutions for global businesses, simplifying the complexity of continuous compliance.

Vertex encourages investors to review their financial information in its entirety, considering non-GAAP financial measures alongside GAAP metrics. Detailed reconciliations of non-GAAP financial measures to GAAP results were provided to ensure transparency and accuracy.

Read more at GlobeNewswire: Vertex Announces Second Quarter 2025 Financial Results