Research analysts who have asked questions during VTEX earnings calls.
MS
Marcelo Santos
JPMorgan Chase & Co.
4 questions for VTEX
Also covers: AFYA, AMX, MELI +8 more
LO
Leonardo Olmos
UBS Group AG
3 questions for VTEX
Also covers: AMX, CINT, GLOB +3 more
Lucca Brendim
Bank of America
3 questions for VTEX
Also covers: AMX, TIMB, TV +1 more
CM
Cesar Medina
Morgan Stanley
1 question for VTEX
GF
Gustavo Farias
UBS Group AG
1 question for VTEX
Also covers: AMX, CINT, TIGO +5 more
Maria Clara Infantozzi
Itau BBA
1 question for VTEX
Also covers: TIMB
Maria Infantozzi
Itaú BBA
1 question for VTEX
TK
Thiago Kapulskis
Itaú BBA
1 question for VTEX
Also covers: CINT, GLOB
Recent press releases and 8-K filings for VTEX.
VTEX reports strong Black Friday-Cyber Monday and November 2025 sales performance
VTEX
Revenue Acceleration/Inflection
New Projects/Investments
- VTEX customers generated a Gross Merchandise Volume (GMV) of US$1.0 billion during the Black Friday-Cyber Monday week in 2025.
- During the Black Friday-Cyber Monday week, orders increased by 10.2% year-over-year, and GMV grew by 18.2% in USD (or 8.1% FX-neutral) compared to 2024.
- For the full month of November 2025, GMV grew 16.8% in USD and 9.4% FX-neutral.
- VTEX powered 9.9 million consumer orders globally during the Black Friday-Cyber Monday week 2025.
- The company is strategically investing in global expansion, product capability enhancements, and high-impact initiatives like B2B, Retail Media, and AI.
Dec 2, 2025, 10:29 PM
VTEX Announces Q3 2025 Financial Results
VTEX
Earnings
- Subscription revenue for Q3 2025 reached $58.4 million, representing a 7% year-over-year growth.
- Gross Merchandise Volume (GMV) was $5.0 billion in Q3 2025, an increase of 12% compared to the prior year period.
- Non-GAAP subscription gross profit for Q3 2025 was $46.9 million, resulting in a non-GAAP subscription gross margin of 80.2%.
- VTEX reported non-GAAP income from operations of $9.5 million (15.9% margin) and non-GAAP net income of $10.6 million (17.8% margin) for Q3 2025.
- Free cash flow for Q3 2025 was $7.5 million.
Nov 6, 2025, 9:30 PM
VTEX Reports Strong Q3 2025 Financials and Provides Q4 and Full-Year Guidance
VTEX
Earnings
Guidance Update
Share Buyback
- VTEX reported strong Q3 2025 financial results, with non-GAAP net income growing 41% year-over-year to $10.6 million and achieving a 16% non-GAAP operating margin. The company's non-GAAP subscription gross margin exceeded 80% for the first time, driven by AI-powered support automations.
- The company is strategically focusing on global expansion (U.S. and Europe), B2B use cases, retail media, and agentic commerce, reinvesting AI-driven efficiency savings into R&D for innovation.
- For Q4 2025, VTEX targets FX neutral year-over-year subscription revenue growth of 5%-10% (implying $65.8-$68.8 million), a non-GAAP income from operations margin in the mid-20s, and a free cash flow margin in the high teens.
- The full-year 2025 guidance projects FX neutral year-over-year subscription revenue growth of 9.3%-10.7%, implying a range of $234-$237 million.
- In Q3 2025, VTEX repurchased 4.5 million shares at an average price of $4.14 per share, totaling $18.8 million, under a $40 million authorization approved in July 2025.
Nov 6, 2025, 9:30 PM
VTEX Reports Strong Q3 2025 Financial Results with Revenue and GMV Growth
VTEX
Earnings
Revenue Acceleration/Inflection
Share Buyback
- VTEX reported total revenue of $59.6 million for the three months ended September 30, 2025, an increase of 6.5% in US$ or 5.3% on an FX neutral basis compared to the same period in 2024.
- Net income for the period was $6.4 million, with diluted earnings per share of $0.034 for the three months ended September 30, 2025.
- Gross Merchandise Value (GMV) reached US$5.0 billion in Q3 2025, marking a 13.1% increase in USD (11.8% FX neutral) year-over-year, driving higher transaction-based subscription revenues.
- The company generated $22.1 million in net cash from operating activities for the nine months ended September 30, 2025, and executed a share repurchase program of $(37,811) thousand during the same period.
Nov 6, 2025, 9:01 PM
VTEX Reports Strong Q3 2025 Financial Results and Provides Outlook
VTEX
Earnings
Guidance Update
Share Buyback
- VTEX reported Q3 2025 GMV of US$5.0 billion, a 13.1% year-over-year increase in USD, and total revenue of US$59.6 million, up 6.5% year-over-year.
- Non-GAAP income from operations for Q3 2025 reached US$9.5 million, growing 25% year-over-year, while non-GAAP net income increased 41% to US$10.6 million.
- The company repurchased 4.5 million Class A common shares during Q3 2025 at an average price of US$4.14 per share, for a total cost of US$18.8 million.
- For Q4 2025, VTEX targets FX-neutral subscription revenue growth of 5.0% to 10.0% (implying US$65.8 million to US$68.8 million), and for full year 2025, FX-neutral subscription revenue growth of 9.3% to 10.7% (implying US$234 million to US$237 million).
Nov 6, 2025, 9:01 PM
RedCloud to Present AI-Native Strategy at VTEX Connect Europe
VTEX
New Projects/Investments
Product Launch
- RedCloud's Chief Product Officer, Soumaya Hamzaoui, is scheduled to present the company's AI-native strategy at the VTEX Connect Europe event on November 11 in Lisbon, Portugal.
- The presentation will focus on RedCloud's vision to address the estimated $2 trillion global inventory gap in FMCG markets through its RedAI intelligent trading platform.
- RedCloud plans to utilize AWS Bedrock and NVIDIA technologies to develop a 'trading layer' of products, including the TradeX program and Red101 retailer app, to facilitate digital exchange of goods.
- The company recently announced more than doubling customer numbers year-over-year in the first half of 2025, a new joint venture in Saudi Arabia, and a partnership strategy for financial services.
Sep 30, 2025, 2:37 PM
VTEX Reports Solid Q1 2025 Financial Performance
VTEX
Earnings
Share Buyback
Guidance Update
- Strong revenue and margin growth: Q1 2025 subscription revenue increased by 15% FX-neutral, with non-GAAP operating income rising to $5.3 million and significant margin expansion noted, underpinned by improved operational efficiency.
- Positive cash flow and share buyback: The quarter delivered strong free cash flow of $6.6 million and executed a share repurchase of 2.7 million shares at an average price of $5.56 per share.
- Guidance and strategic outlook: VTEX provided robust future guidance with a target FX-neutral subscription revenue growth of 12.5%-15.5% for Q2 2025 and 14.0%-17.0% for full-year 2025, reflecting confidence despite macroeconomic volatility.
May 6, 2025, 8:31 PM
VTEX Announces 2025 AGM Results
VTEX
Proxy Vote Outcomes
Accounting Changes
Board Change
- Board re-election was approved with overwhelming support, registering over 98% in favor for each director slot.
- The AGM approved the transition to U.S. GAAP for financial reporting beginning FY2025.
- The shareholders ratified the audited financial statements for FY 2024, confirming the auditor's report.
Apr 25, 2025, 12:00 AM
VTEX Transitions to US GAAP Reporting
VTEX
Accounting Changes
- The presentation details VTEX's transition from IFRS to GAAP, outlining key changes in expense recognition for share-based compensation, hyperinflation adjustments, lease classification, and income tax accounting for FY2023 and FY2024.
- It provides a comprehensive comparison of key financial metrics, including revenue, costs, and operating income, and notes the upcoming shareholder vote on these changes scheduled for April 2025.
Apr 15, 2025, 12:00 AM
VTEX Announces AGM Details and Key Resolutions for 2025
VTEX
Proxy Vote Outcomes
Accounting Changes
Board Change
- AGM Announcement: The document, filed by CFO Ricardo Camatta Sodré on March 26, 2025, announces that the annual general meeting (AGM) will be held on April 25, 2025, at 10:00 a.m. ET in Grand Cayman, with a record date set for March 12, 2025.
- Key Proposals: It outlines critical proposals including the re-election of board members, the transition of financial reporting standards to U.S. GAAP starting January 1, 2025, and the ratification of the FY 2024 financial statements and auditor’s report.
- Voting Instructions: The filing provides detailed instructions for proxy voting, emphasizing that shareholders can vote via the Internet or proxy card, with changes to voting instructions permitted until April 24, 2025.
Mar 26, 2025, 12:00 AM
Quarterly earnings call transcripts for VTEX.
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