Gainers
Losers
AppLovin's 30.7% close to $355.27 topped a 380-name board where the spread ran more than 52 points, from that gain to Dutch Bros' 21.7% drop. Four other names shed at least 17%, so the damage was broad.
Latest Activity
Gainers
Losers
AppLovin opened up 29.5%, the single biggest move across 382 priority names and nearly double the next gainer. The downside is just as wide, with Dutch Bros off 15.1% and four more names down double digits.
This progress gives us a stronger foundation from which to grow. We now have greater capacity to invest where we see opportunity, while maintaining the operating discipline that is driving sustainable profitability improvements and greater cash generation.
Young is signaling that Vertex's margin work has bought it room to spend again, a shift for a $1.3 billion tax software name that has been prioritizing discipline over expansion. Watch where the third quarter cash generation gets redeployed.
Continued momentum in e-invoicing contributed to accelerating ARR and cloud revenue growth, while our investments in AI are improving how we operate today and creating new opportunities to extend the value we deliver to customers. Together, these initiatives give us increasing confidence in our ability to build on the growth momentum we saw this quarter.
Government e-invoicing mandates are turning into a growth engine for Vertex, with management tying accelerating ARR and cloud revenue in the third quarter directly to that demand. At a $1.3 billion market cap, the question is whether the compliance wave keeps compounding into 2027.
Q3 2026
EPS
$0.26
est $0.22+17.2%
Revenue
$213M
est $210M+1.7%
A one-time $47.3 million income tax charge flipped Vertex to a GAAP net loss of $46.6 million, masking an adjusted quarter that beat consensus by 17% and prompted management to raise full-year revenue and EBITDA guidance. Adjusted EBITDA margin widened to 30.4% from 22.6%.
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The third quarter was a strong quarter for Vertex and, more importantly, clear evidence that we are delivering on our commitments to investors. We have stabilized the core business, strengthened our financial profile, and built a more efficient operating model, while seeing encouraging improvement in key growth indicators.
Stabilization is the whole story at a $1.3 billion tax software company whose growth rate had become the bear case. Young is framing the third quarter as proof the turnaround plan is tracking, so the burden now shifts to those growth indicators actually converting into revenue acceleration.
Continued momentum in e-invoicing contributed to accelerating ARR and cloud revenue growth, while our investments in AI are improving how we operate today and creating new opportunities to extend the value we deliver to customers. Together, these initiatives give us increasing confidence in our ability to build on the growth momentum we saw this quarter.
Government e-invoicing mandates are turning into a growth engine for Vertex, with management tying accelerating ARR and cloud revenue in the third quarter directly to that demand. At a $1.3 billion market cap, the question is whether the compliance wave keeps compounding into 2027.
This progress gives us a stronger foundation from which to grow. We now have greater capacity to invest where we see opportunity, while maintaining the operating discipline that is driving sustainable profitability improvements and greater cash generation.
Young is signaling that Vertex's margin work has bought it room to spend again, a shift for a $1.3 billion tax software name that has been prioritizing discipline over expansion. Watch where the third quarter cash generation gets redeployed.
The third quarter was a strong quarter for Vertex and, more importantly, clear evidence that we are delivering on our commitments to investors. We have stabilized the core business, strengthened our financial profile, and built a more efficient operating model, while seeing encouraging improvement in key growth indicators.
Stabilization is the whole story at a $1.3 billion tax software company whose growth rate had become the bear case. Young is framing the third quarter as proof the turnaround plan is tracking, so the burden now shifts to those growth indicators actually converting into revenue acceleration.
Continued momentum in e-invoicing contributed to accelerating ARR and cloud revenue growth, while our investments in AI are improving how we operate today and creating new opportunities to extend the value we deliver to customers. Together, these initiatives give us increasing confidence in our ability to build on the growth momentum we saw this quarter.
Government e-invoicing mandates are turning into a growth engine for Vertex, with management tying accelerating ARR and cloud revenue in the third quarter directly to that demand. At a $1.3 billion market cap, the question is whether the compliance wave keeps compounding into 2027.
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