Want to see VERX full AI Analyst Report?
Revenue by Segment
Breaks down revenue across different business segments, highlighting areas of strength and potential growth or risk within the company's operations.Vertex's Software segment shows robust growth, driven by strong demand for e-invoicing and cloud ERP migrations, despite macroeconomic challenges. The Services segment is also expanding, albeit at a slower pace. The recent earnings call highlighted a 14.6% revenue increase and a 29.9% surge in cloud revenue, underscoring the company's strategic focus on cloud solutions. However, reduced full-year guidance and decreased net revenue retention point to potential risks, particularly from regulatory changes in Brazil and cautious spending by large enterprises.
Date | Services | Software |
|---|---|---|
Jun 30, 2025 | $26.71M | $157.84M |
Mar 31, 2025 | $26.30M | $150.76M |
Dec 31, 2024 | $25.86M | $152.60M |
Sep 30, 2024 | $24.18M | $146.25M |
Jun 30, 2024 | $24.66M | $136.44M |
Mar 31, 2024 | $24.95M | $131.83M |
Dec 31, 2023 | $24.22M | $130.69M |
Sep 30, 2023 | $23.74M | $121.28M |
Jun 30, 2023 | $21.86M | $117.84M |
Mar 31, 2023 | $21.74M | $111.01M |