Slide 1: Second Quarter 2026 Earnings Conference Call
NASDAQ: VERX Second Quarter 2026 Earnings Conference Call August 3, 2026
Slide 2: Safe Harbor
Safe Harbor Forward Looking Statements Any statements made in this presentation that are not statements of historical fact, including statements about our beliefs and expectations, are forward-looking statements and should be evaluated as such. Forward-looking statements include information concerni
Slide 3: Christopher Young, President and Chief Executive Officer
Christopher Young President and Chief Executive Officer 3
Slide 4: Second Quarter 2026 Highlights
Second Quarter 2026 Highlights Revenue of Adjusted EBITDA of $204 million $51 million up 10.5% up 33.0% compared to second quarter 2025 compared to second quarter 2025 Second quarter guidance: $200 to $204 million Adjusted EBIDTA margin of 25.0 percent Second quarter guidance: $47 to $50 million Con
Slide 5: E-invoicing Update
E-invoicing Update • Strong growth in ARR and revenue across the Compliance business • June was the highest month ever for new e-invoicing ARR • Clear momentum and acceleration ahead of key upcoming mandates in Europe ▪ France – September 2026 ▪ Germany – January 2027 • ecosio and Brinta both perfor
Slide 6: Artificial Intelligence Update
Artificial Intelligence Update 6
Slide 7: "AI-First" is becoming an operating rhythm
“AI-First” is becoming an operating rhythm Adoption is broad, measurable and translating into faster engineering, delivery and workforce enablement. ENGINEERING DELIVERY WORKFORCE Faster innovation loops Compressed customer outcomes Adoption with governance Nearly all software engineers are using AI
Slide 8: Q2 2026 New Business Wins
Q2 2026 New Business Wins YANERTEX’
Slide 9: Select Existing Customer New Business Wins
Select Existing Customer New Business Wins Industry New Revenue Ecosystem Catalyst Solution North America Sales Mobility and Mid six figures Oracle Business expansion Tax, Value Added Tax, Delivery Edge North American Sales SAP cloud Tax, Value-Added Tax Consumer Packaged High six figures SAP EMEA &
Slide 10: Select New Logos
Select New Logos Industry New ACV Ecosystem Catalyst Solution North American Sales Automation Tax, Certificate Center, Telecommunications Low six figures Microsoft D365 Adoption Address Cleansing, Azure Hosting North America Sales Tax, Management Cloud migration Consumers’ Use Tax, SAP Low six figur
Slide 11: World Class Executive Leadership
World Class Executive Leadership Chris Young John Schwab Allison Cerra Bala Chandran President and CEO Chief Financial Officer Chief Marketing Officer Chief Product and Technology Officer Aneel Jaeel Chris Jones Chatelle Lynch Chirag Patel Chief Operating Officer Chief Commercial Officer Chief Peopl
Slide 12: Financial Overview & Outlook
Financial Overview & Outlook Quarter Ended – June 30, 2026 12
Slide 13: Q2 2026 Results – Revenue
Q2 2026 Results – Revenue TOTAL REVENUE SOFTWARE SUBSCRIPTION REVENUE SERVICES REVENUE $204M $174.8M $29.2M +10.5% +10.7% +9.4% Year-Over-Year Change Year-Over-Year Change Year-Over-Year Change CLOUD REVENUE ANNUAL RECURRING REVENUE (ARR) $101.7M $703.4M +17.9% +10.5% Year-Over-Year Change Year-Over
Slide 14: Q2 2026 Results – Customer Metrics
Q2 2026 Results – Customer Metrics Gross Revenue Retention Net Revenue Retention Scaled Customer Growth (Count) 95% 105% +8% Stable Q/Q Stable Q/Q -4 points Q/Q Average Annual Revenue Per Direct Customer (AARPC) $142,997 +9.2% YoY Notes: 1. Based on information as of June 30, 2026. 14 16
Slide 15: Q2 2026 Results – Profitability (Non-GAAP Metrics)
Q2 2026 Results – Profitability (Non-GAAP Metrics) Overall Gross Margin Software Subscription Gross Margin Services Gross Margin Adjusted EBITDA 76.1% 83.3% 32.9% $51.0M +15 bps YoY +12 bps YoY -21 bps YoY +33.0% YoY AEBITDA Margin Free Cash Flow* Proforma Free Cash Flow* Proforma FCF Margin* 25.0%
Slide 16: 2025-2026 Adjusted EBITDA less CAPEX
2025-2026 Adjusted EBITDA less CAPEX $ millions Quarter Adjusted EBITDA CAPEX AEBITDA less CAPEX AEBITDA less CAPEX ($Mil) Q1 2025 $37.2 $27.1 $10.1 $25.0 Q2 2025 $38.4 $26.4 $12.0 $20.0 $15.0 Q3 2025 $43.5 $32.3 $11.2 $10.0 Q4 2025 $42.5 $34.2 $8.3 $5.0 Q1 2026 $44.1 $30.3 $13.8 $0.0 Q1 Q2 Q3 Q4 Q1
Slide 17: Financial Outlook
Financial Outlook Q3 2026 FY 2026 Revenue expected to be Revenue expected to be $208 to $211 million $825 to $830 million 18% Cloud Revenue Growth Adjusted EBITDA expected to be Adjusted EBITDA expected to be $55 to $57 million $206 to $210 million 17
Slide 18: Appendix
Appendix 22
Slide 19: Adjusted EBITDA Reconciliation
Adjusted EBITDA Reconciliation (1) ($ in Thousands) Q1’23 Q2’23 Q3’23 Q4’23 Q1’24 Q2’24 Q3’24 Q4’24 Q1’25 Q2’25 Q3’25 Q4’25 Q1’26 Q2’26 Adjusted EBITDA Net Income (Loss) (18,132) (6,896) (3,399) 15,334 2,684 5,164 7,221 (67,798) 11,130 (961) 4,045 (7,003) (2,510) 9,043 Interest expense (income), net