Vertex swings to $46.63 million Q3 net loss as revenue rises 11% to $213.28 million
VERX•Vertex reported a third-quarter 2026 net loss of $46.63 million, compared with a profit a year earlier, while revenue rose 11% to $213.3 million. It expects full-year revenue of $828.9 million to $830.9 million.
1. Quarterly results and outlook
Vertex’s third-quarter revenue rose 11% year over year to $213.3 million, and cloud revenue increased 20% to $110.8 million. CEO Christopher Young said the business had stabilized and AI investments were improving operations. The company expects fourth-quarter revenue of $215 million to $217 million.
