Vertex Q2 revenue rises 10.5% to $204.0 million; net income $9.0 million
Vertex reported second-quarter 2026 revenue of $204.0 million, up 10.5% year-over-year, and swung to net income of $9.0 million from a net loss of $1.0 million a year earlier. The company raised its adjusted EBITDA outlook for full-year 2026 to $206.0 million to $210.0 million while narrowing its revenue guidance to $825.0 million to $830.0 million, which bears on shareholder expectations for the second half.
Key points
- Q2 2026 total revenues of $204.0 million, up 10.5%; cloud revenues of $101.7 million, up 17.9%.
- Net income of $9.0 million, or $0.06 per share, versus a net loss of $1.0 million, or $0.01 per share, a year earlier; loss from operations widened to $4.4 million from $3.9 million.
- Adjusted EBITDA of $51.0 million, up from $38.4 million; margin of 25.0% versus 20.8%.
- Q3 2026 guidance: revenues of $208.0 million to $211.0 million and adjusted EBITDA of $55.0 million to $57.0 million; full-year adjusted EBITDA outlook of $206.0 million to $210.0 million.
The filing
Written by AI on Nov 9, 2026, 11:43 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 03, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.