VTEX Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Revenue	240.52	226.66	200.83	157.62	125.77
Revenue Growth (YoY)	6.11%	12.86%	27.42%	25.32%	27.46%
Cost of Revenue	54.18	59.71	60.99	52.83	49.59
Gross Profit	186.34	166.96	139.85	104.79	76.18
Selling, General & Admin	102.64	102.88	91.77	96.15	95.41
Research & Development	63.89	55.41	60.21	57.21	45.19
Other Operating Expenses	1.7	1.28	1.92	1.36	1.51
Total Operating Expenses	168.23	159.57	153.89	154.71	142.11
Operating Income	18.11	7.39	-14.05	-49.92	-65.93
Interest Income	-	-	-	23.77	7.41
Interest Expense	-	-	-	-31.4	-12.06
Other Non-Operating Income (Expense)	4.37	5.88	1.58	1.11	0.59
Total Non-Operating Income (Expense)	4.37	5.88	1.58	-6.53	-4.06
Pretax Income	22.48	13.27	-12.47	-56.44	-69.99
Provision for Income Taxes	2.45	-2.54	3.39	-	-
Net Income	20.01	15.82	-15.85	-52.42	-60.51
Minority Interest in Earnings	0.02	-0.01	-0.01	-0	-0
Net Income to Common	20.01	15.82	-15.85	-52.42	-60.51
Net Income Growth	26.50%	-	-	-	-
Shares Outstanding (Basic)	180	185	186	191	182
Shares Outstanding (Diluted)	185	192	186	191	182
Shares Change (YoY)	-3.76%	3.20%	-2.27%	5.04%	7.84%
EPS (Basic)	0.11	0.09	-0.09	-0.28	-0.33
EPS (Diluted)	0.11	0.08	-0.09	-0.28	-0.33
EPS Growth	31.71%	-	-	-	-
Shares Outstanding	172.99	184.74	184.03	188.99	191.03
Free Cash Flow	32.33	23.9	3.79	-29.56	-54.37
Free Cash Flow Growth	35.29%	530.97%	-	-	-
Free Cash Flow Per Share	0.17	0.12	0.02	-0.16	-0.30
Gross Margin	77.47%	73.66%	69.63%	66.48%	60.57%
Operating Margin	7.53%	3.26%	-6.99%	-31.67%	-52.42%
Profit Margin	8.33%	6.98%	-7.90%	-33.26%	-55.64%
FCF Margin	13.44%	10.54%	1.89%	-18.76%	-43.23%
EBITDA	21.37	10.62	-9.03	-45.3	-61.86
EBITDA Margin	8.89%	4.68%	-4.49%	-28.74%	-49.18%
EBIT	18.11	7.39	-14.05	-49.92	-65.93
EBIT Margin	7.53%	3.26%	-6.99%	-31.67%	-52.42%
Effective Tax Rate	10.91%	-19.14%	-27.22%	0.00%	0.00%

Updated Feb 26, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q