Vertex Q3 revenue rises 11% to $213.3 million; net loss of $46.6 million
Vertex reported third-quarter 2026 revenue of $213.3 million, up 11.0% year-over-year, and Adjusted EBITDA of $64.8 million, up from $43.5 million. The company swung to a GAAP net loss of $46.6 million, compared with net income of $4.0 million a year earlier, largely reflecting a $47.3 million income tax expense in the quarter. Management said it raised its full-year revenue and Adjusted EBITDA outlook.
Key points
- Q3 2026 total revenues $213.3 million, up 11.0%; cloud revenues $110.8 million, up 20.4%
- Net loss of $46.6 million, or $0.29 per diluted share, versus net income of $4.0 million a year earlier; non-GAAP diluted EPS was $0.26
- Full-year 2026 outlook: revenues of $828.9 million to $830.9 million and Adjusted EBITDA of $217.9 million to $219.9 million
- Fourth-quarter 2026 outlook: revenues of $215.0 million to $217.0 million and Adjusted EBITDA of $58.0 million to $60.0 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 November 04, 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.