VTEX reported Q4 FY2025 results with gross merchandise value (GMV) of USD 6.3 billion, up 17.2% year over year, and total revenue of USD 68.0 million, up 10.5%. Subscription revenue was USD 66.7 million (98.1% of total revenue), up 12.2%. Non-GAAP subscription gross profit was USD 54.6 million, up 16.5%, with an 81.8% non-GAAP subscription gross margin. Non-GAAP income from operations was USD 16.2 million and non-GAAP net income was USD 13.9 million; free cash flow was USD 11.1 million. VTEX ended Q4 with 1,139 employees, down 16.7% year over year, and repurchased 5.1 million shares for USD 21.3 million at an average price of USD 4.16; its board also authorized a new USD 50.0 million, 1-year share repurchase program on Feb. 24, 2026. For FY2025, VTEX reported GMV of USD 20.5 billion, up 12.1%, and total revenue of USD 240.5 million, up 6.1%, including subscription revenue of USD 234.9 million (97.7% of total), up 7.9%. Non-GAAP income from operations was USD 39.4 million and non-GAAP net income was USD 37.6 million; free cash flow was USD 32.3 million. The company said 2025 included a shift toward a multi-product, AI-driven commerce platform, with increased R&D investment focused on B2B digitization, Retail Media and AI, and it highlighted enterprise momentum with 158 customers above USD 250,000 ARR and about 3,100 active online stores across 44 countries. Operational highlights included B2B growth initiatives such as Aço Cearense’s assisted sales launch and Mondelez’s B2B rollout in Brazil, retail media performance using VTEX Ads with Essity, and AI-driven customer service automation at Americanas via Weni by VTEX.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. VTEX published the original content used to generate this news brief via Business Wire (Ref. ID: 20260226215111) on February 26, 2026, and is solely responsible for the information contained therein.
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