VTEX Income Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar '26 Mar 31, 2026	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	247.05	240.52	226.66	200.83	157.62	125.77
Revenue Growth (YoY)	8.23%	6.11%	12.86%	27.42%	25.32%	27.46%
Cost of Revenue	53.24	54.18	59.71	60.99	52.83	49.59
Gross Profit	193.81	186.34	166.96	139.85	104.79	76.18
Selling, General & Admin	101.71	102.64	102.88	91.77	96.15	95.41
Research & Development	66.27	63.89	55.41	60.21	57.21	45.19
Other Operating Expenses	1.68	1.7	1.28	1.92	1.36	1.51
Total Operating Expenses	169.66	168.23	159.57	153.89	154.71	142.11
Operating Income	24.15	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)	0.97	4.37	5.88	1.58	1.11	0.59
Total Non-Operating Income (Expense)	0.97	4.37	5.88	1.58	-6.53	-4.06
Pretax Income	25.12	22.48	13.27	-12.47	-56.44	-69.99
Provision for Income Taxes	1.91	2.45	-2.54	3.39	-	-
Net Income	23.21	20.01	15.82	-15.85	-52.42	-60.51
Minority Interest in Earnings	0.01	0.02	-0.01	-0.01	-0	-0
Net Income to Common	23.21	20.01	15.82	-15.85	-52.42	-60.51
Net Income Growth	111.74%	26.50%	-	-	-	-
Shares Outstanding (Basic)	134	180	185	186	191	182
Shares Outstanding (Diluted)	138	185	192	186	191	182
Shares Change (YoY)	-4.05%	-3.76%	3.20%	-2.27%	5.04%	7.84%
EPS (Basic)	0.13	0.11	0.09	-0.09	-0.28	-0.33
EPS (Diluted)	0.13	0.11	0.08	-0.09	-0.28	-0.33
EPS Growth	38.04%	31.71%	-	-	-	-
Shares Outstanding	170.81	172.99	184.74	184.03	188.99	191.03
Free Cash Flow	38.97	32.33	25.19	3.79	-29.56	-54.37
Free Cash Flow Growth	20.55%	28.35%	565.09%	-	-	-
Free Cash Flow Per Share	0.28	0.17	0.13	0.02	-0.16	-0.30
Gross Margin	78.45%	77.47%	73.66%	69.63%	66.48%	60.57%
Operating Margin	9.78%	7.53%	3.26%	-6.99%	-31.67%	-52.42%
Profit Margin	9.40%	8.33%	6.98%	-7.90%	-33.26%	-55.64%
FCF Margin	15.78%	13.44%	11.11%	1.89%	-18.76%	-43.23%
EBITDA	27.56	21.37	11.75	-9.03	-45.3	-61.86
EBITDA Margin	11.16%	8.89%	5.18%	-4.49%	-28.74%	-49.18%
EBIT	24.15	18.11	7.39	-14.05	-49.92	-65.93
EBIT Margin	9.78%	7.53%	3.26%	-6.99%	-31.67%	-52.42%
Effective Tax Rate	7.58%	10.91%	-19.14%	-27.22%	0.00%	0.00%

Updated May 7, 2026. Data Source: Fiscal.ai. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q