Filing Flows › Vertex (VERX) › Q2 2026
Vertex (VERX) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 4, 2026
Vertex (VERX) reported revenue of $204M for the second quarter 2026 (Q2 2026), +11% from a year earlier and +4% from the quarter before. Operating margin was -2.2%, net earnings $9.0M (4.4% of revenue).
Vertex, Q2 2026: revenue $204M (+10% year over year), operating margin -2.2%, net earnings $9.0M, operating cash flow $30.9M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $204M | +4% | +11% |
| Operating profit | −$4.4M | — | — |
| Net earnings | $9.0M | — | — |
| Operating cash flow | $30.9M | -19% | -33% |
| Free cash flow | $2.7M | — | -86% |
What changed
Revenue was $204.0M in Q2 2026, up 11% year over year and up 4% from the previous quarter. Cloud subscriptions was the largest line at 50% of revenue. Cloud subscriptions added $15.5M year over year (up 18%), 80% of the total change.
Gross margin was 64.4%, down 1.3 points from Q2 2025. Operating costs exceeded revenue by $4.4M, an operating margin of -2.2%. Operating expenses grew 9% against revenue growth of 11%. The fastest-growing cost line was Research & development (+21%). Net earnings were $9.0M.
Operating cash flow was $30.9M (down 33% year over year), 342% of net earnings. Non-cash charges added back $29.1M of depreciation and amortization and $13.8M of share-based compensation. Working capital and other items used $21.0M. After property and equipment additions ($23.2M) and capitalized software additions ($5.0M), free cash flow as the company reports it was $2.7M.
Questions
What was Vertex's revenue in the second quarter 2026?
Vertex (VERX) reported revenue of $204M for the second quarter 2026 (Q2 2026), +11% from a year earlier and +4% from the quarter before.
Was Vertex profitable in the second quarter 2026?
Operating loss was $4.4M (-2.2% of revenue) and net earnings $9.0M.
Source: Vertex 10-Q on SEC EDGAR.