Vertex (VERX) Q4 2025 Earnings Call Transcript

Motley Fool Transcribing, The Motley Fool

Wed, February 11, 2026 astatine 8:40 AM CST 33 min read

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Wednesday, Feb. 11, 2026 astatine 8:30 a.m. ET

• President and Chief Executive Officer — Christopher Young

• Chief Financial Officer — John Schwab

Christopher Young: Welcome everyone and convey you for joining us. It's large to articulation you connected my archetypal net league telephone arsenic President and CEO of Vertex. Our fiscal results for the 4th fourth came successful arsenic expected. Revenue was $194.7 million, successful enactment with our guidance for the quarter, portion adjusted EBITDA exceeded the precocious extremity of our guidance astatine $42.5 million. For the afloat year, Vertex delivered double-digit gross maturation on with coagulated profitability. Since this is my archetypal clip speaking to our investors and analysts, I wanted to screen a fewer topics. First, wherefore I'm excited to articulation Vertex astatine this constituent successful the company's history.

Second, I'll springiness you a position from my conversations with customers, partners, and employees implicit the past 3 months. And third, my presumption connected however we tin accelerate our gross growth. Then I'll stock immoderate breathtaking caller concern wins from the 4th quarter. Many investors person asked maine what attracted maine to travel to Vertex. But I'll commencement there. First, I was drawn to Vertex's unthinkable blue-chip lawsuit base, which includes implicit 60% of the Fortune 500. Around the world, starring enterprises spot Vertex to enactment compliant with ever-changing indirect taxation requirements. Our customers described to maine that Vertex is trusted, reliable, flexible, and has the deepest domain expertise successful the industry.

Likewise, our spouse ecosystem is built connected strong, long-standing relationships with the cardinal exertion and implementation partners that service this lawsuit base. These partners consistently admit Vertex arsenic the starring supplier of indirect taxation solutions for the enterprise. At the aforesaid time, some groups privation to spot america determination faster and thrust much innovation. And gathering that mandate volition beryllium occupation 1 for america successful the adjacent term. Second, Vertex has a long-standing way grounds of gross growth, profitability, and affirmative currency travel crossed economical cycles, arsenic good arsenic wide maturation vectors for the future. Our halfway enlargement is steady, and our onshore and grow question is proven.

We person a caller high-growth concern successful compliance and e-invoicing, which exceeded our expectations successful its archetypal twelvemonth and has meaningful catalysts connected the horizon. Third, I judge Vertex has an unthinkable accidental to alteration our concern and assistance our customers alteration theirs done artificial intelligence. This aligns good with my vocation experience, peculiarly my astir caller role. There, I spent sizeable clip gathering partnerships with and, successful respective cases, investing successful companies driving AI innovation. And I did that portion moving intimately with galore of my Microsoft teammates who are processing their ain AI technologies. Turning to our near-term priorities.