Short answer
Vertex, Inc. (VERX) filed its Q1 2026 10-Q quarterly report on May 7, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $197M (up 11.1% year over year) with net income of −$3M.
Q1 2026 key financials · XBRL
- Revenue
- $197M
- +11.1% YoY
- Net income
- −$3M
- −122.6% YoY
- Operating margin
- -5.4%
- Gross margin
- 63.5%
Source: XBRL data from the Vertex, Inc. (VERX) Q1 2026 10-Q on SEC EDGAR. USD.
Vertex, Inc. Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Risk Factors
- Newly added restructuring risk: April 2026 Value Creation Plan includes approximately 170 employee reductions
- Most materially updated risk: implementation costs may exceed expectations, requiring additional future charges
- Operational risk: workforce changes could impair software quality, customer support, and contractual obligations
- Legal and compliance risk: workforce reductions could trigger costly claims, litigation, or regulatory proceedings
- Talent risk: restructuring could reduce morale and hinder attraction and retention of key personnel
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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