Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-39413 VERTEX, INC. (Exact Name of Registrant as Specified in its Charter) | Delaware | 23-2081753 | | --- | --- ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 Commission File Number: 333-239644 VERTEX, INC. (Exact Name of Registrant as Specified in its Charter) FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to | Delaware | 23-2081753 | | --- | --- | | ...

Financial Data and Key Metrics Changes - Revenues in Q4 2022 reached a record $131.1 million, up 17.4% from Q4 2021, marking the highest year-over-year revenue growth since going public [7][32] - Adjusted EBITDA for Q4 was $20.8 million, an increase of 8% year-over-year [8][43] - Free cash flow in Q4 was $24 million, contributing to a positive free cash flow of $3.4 million for the full year [9][44] - Annual recurring revenue (ARR) was $431 million, up 16.5% year-over-year [10][33] - Gross profit for Q4 was $94.4 million, with a gross margin of 72%, compared to 70.7% in the same period last year [39] Business Line Data and Key Metrics Changes - Cloud revenue in Q4 was $46.6 million, up 34.4% year-over-year [38] - Managed Services business generated recurring service revenue of over $24.4 million for the full year, compared to $20.8 million in the prior year [35] Market Data and Key Metrics Changes - Customer count increased to 4,559 by the end of Q4, up by 61 from the previous quarter [36] - Scaled customers (those with ARR greater than $100,000) grew 15% year-over-year [36] Company Strategy and Development Direction - The company is focused on expanding its installed base, broadening strategic partnerships, strengthening global presence, and driving new product innovation [10][12] - Investments are being made in emerging technologies and tax content to transform the industry [10][12] - The company aims to penetrate the $22 billion addressable market for tax automation solutions [9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the company's ability to sustain profitable growth despite economic uncertainties [8][51] - The company anticipates continued demand for tax compliance solutions, even during economic downturns [51] - Guidance for Q1 2023 expects total revenue between $131 million to $133 million, representing 15% year-over-year growth [47] Other Important Information - Vertex achieved HDI support center certification, recognizing its commitment to exceptional customer experience [29] - The company is investing in its team, including the addition of a Senior Vice President of Software Engineering from Salesforce [30] Q&A Session Summary Question: Observations on macroeconomic conditions and customer behavior - Management noted no usage concerns and strong price uptake, with customers focused on digital transformations and ERP upgrades [54] Question: Focus on emerging technologies in R&D - The company is expanding its edge solutions and exploring opportunities in data transformation and automation [55] Question: Exposure to in-store retail versus e-commerce - The customer base is balanced across both e-commerce and in-store, benefiting from the edge cloud solution [58][59] Question: Guidance for 2023 and growth expectations - Cloud revenue is expected to grow by approximately 27%, with modest growth in other business areas [64][66] Question: Drivers for customer count increase in Q4 - Growth was driven by investments in Microsoft, Workday, and Salesforce ecosystems [74] Question: Stock-based compensation trends - The decrease in stock-based compensation as a percentage of revenue is attributed to the normalization of grants post-IPO [80]

| --- | --- | --- | --- | --- | --- | |----------------------------------------------------------------------------------|-------|-------|-------|-------|-------| | | | | | | | | | | | | | | | Investor Presentation November 2022 | | | | | | | Copyright © 2022 Vertex, Inc. All rights reserved. Proprietary and confidential. | | | | | | Disclaimer Forward Looking Statements Any statements made in this presentation that are not statements of historical fact, including statements about our beliefs and expectatio ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-39413 VERTEX, INC. (Exact Name of Registrant as Specified in its Charter) | Delaware | 23-2081753 | | --- | ...

Vertex, Inc. (NASDAQ:VERX) Q3 2022 Earnings Conference Call November 9, 2022 8:30 AM ET Company Participants Joe Crivelli - VP of IR David DeStefano - CEO John Schwab - CFO Conference Call Participants Joshua Reilly - Needham Adam Hotchkiss - Goldman Sachs Daniel Jester - BMO Capital Markets Andrew DeGasperi - Berenberg Brad Reback - Stifel Steve Enders - Citi Patrick Walravens - JMP Securities Samad Samana - Jefferies Operator Good day, and welcome to the Vertex Incorporated Third Quarter 2022 Earnings Con ...

Vertex, Inc. (NASDAQ:VERX) Q2 2022 Earnings Conference Call August 9, 2022 8:30 AM ET Company Participants Joe Crivelli - Vice President of Investor Relations David DeStefano - President and Chief Executive Officer John Schwab - Chief Financial Officer Conference Call Participants Josh Reilly - Needham Matt Stotler - William Blair Brad Reback - Stifel Samad Samana - Jefferies. Daniel Jester - BMO Capital Markets Pat Walravens - JMP Securities Operator Greetings, and welcome to the Vertex Second Quarter 2022 ...

%VERTEX® Investor Presentation August 2022 Copyright © 2022 Vertex, Inc. All rights reserved. Proprietary and confidential. Disclaimer Forward Looking Statements Any statements made in this presentation that are not statements of historical fact, including statements about our beliefs and expectations, are forward-looking statements and should be evaluated as such. Forward-looking statements include information concerning possible or assumed future results of operations, including descriptions of our busine ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-39413 VERTEX, INC. (Exact Name of Registrant as Specified in its Charter) | Delaware | 23-2081753 | | --- | --- ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-39413 VERTEX, INC. (Exact Name of Registrant as Specified in its Charter) | Delaware | 23-2081753 | | --- | --- ...