VTEX Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Year	2023	2022	2021	2020	2019
Revenue	201.52	157.62	125.77	98.68	61.33
Revenue Growth (YoY)	27.85%	25.32%	27.46%	60.90%	-
Cost of Revenue	60.95	52.83	49.59	34.85	20.25
Gross Profit	140.57	104.79	76.18	63.83	41.08
Selling, General & Admin	93.13	96.15	95.41	37.81	30.87
Research & Development	60.12	57.21	45.19	19.04	12.69
Other Operating Expenses	1.92	1.36	1.51	0.46	0
Operating Expenses	155.17	154.71	142.11	57.31	43.55
Operating Income	-14.6	-49.92	-65.93	6.52	-2.47
Interest Expense / Income	43.37	31.4	12.06	7.04	3.19
Other Expense / Income	-47.38	-24.88	-8	-3.98	-1.97
Pretax Income	-10.59	-56.44	-69.99	3.46	-3.69
Income Tax	3.11	-4.03	-9.47	4.29	0.88
Net Income	-13.69	-52.42	-60.51	-0.83	-4.58
Shares Outstanding (Basic)	186	192	191	187	-
Shares Change	-3.24%	0.56%	1.82%	-	-
EPS (Basic)	-0.07	-0.28	-0.33	-0.01	-0.03
EPS (Diluted)	-0.07	-0.28	-0.33	-0.01	-0.03
Free Cash Flow	3.71	-29.25	-49.89	11.46	0.8
Free Cash Flow Per Share	0.02	-0.15	-0.26	0.06	-
Gross Margin	69.75%	66.48%	60.57%	64.68%	66.99%
Operating Margin	-7.25%	-31.67%	-52.42%	6.61%	-4.03%
Profit Margin	-6.80%	-33.26%	-48.11%	-0.84%	-7.46%
Free Cash Flow Margin	1.84%	-18.56%	-39.67%	11.61%	1.30%
Effective Tax Rate	-	-	-	123.82%	-
EBITDA	37.8	-20.43	-53.86	12.9	2.02
EBITDA Margin	18.76%	-12.96%	-42.82%	13.07%	3.29%
Depreciation & Amortization	5.02	4.62	4.07	2.4	2.53
EBIT	32.78	-25.04	-57.93	10.5	-0.51
EBIT Margin	16.27%	-15.89%	-46.06%	10.64%	-0.83%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).