Short answer
Vertex, Inc. (VERX) filed its Q3 2025 10-Q quarterly report on Nov 3, 2025 for the quarter ended Sep 30, 2025. Quarterly revenue was $192M (up 12.7% year over year) with net income of $4M.
Q3 2025 key financials · XBRL
- Revenue
- $192M
- +12.7% YoY · +4.1% QoQ
- Net income
- $4M
- −44.0% YoY · +520.9% QoQ
- Operating margin
- 2.2%
- Gross margin
- 63.1%
Source: XBRL data from the Vertex, Inc. (VERX) Q3 2025 10-Q on SEC EDGAR. USD.
Vertex, Inc. Q3 2025 10-Q analysis
AI summary of MD&A and risk factor updates
Risk Factors
- New risk: CEO transition risk triggered by David DeStefano retiring Nov 10, 2025; Christopher Young appointed as successor
- Updated regulatory/legal risk: ecosio acquisition earn-outs fair value adjusted $16.4M loss YTD due to revised revenue forecasts
- Most impactful legal/compliance risk: increasing indirect tax filing requirements across expanding jurisdictions driven by regulatory complexity
- Operational/market risk: rapid shift from on-premise (44% revenue Q3 2025) to cloud subscriptions (56% revenue Q3 2025) affects deployment and sales model
- Financial risk: authorized $150M stock repurchase program Oct 30, 2025 impacting capital allocation and liquidity management
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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