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VTEX Reports First Quarter 2025 Financial Results
NEW YORK, May 06, 2025--VTEX (NYSE: VTEX), the backbone for connected commerce, today announced results for the first quarter of 2025 ended March 31, 2025. VTEX results have been prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP") as well as the rules and regulations of the Securities and Exchange Commission ("SEC") regarding financial reporting.
About this update from Vtex
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":480,"height":246,"url":"https://media.zenfs.com/en/business-wire.com/93e3f05e1e1eea26ea9ecbf2d2dcb894"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/.UpblCv9z2HiepN2.28E1A--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTQ5MjtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/93e3f05e1e1eea26ea9ecbf2d2dcb894","width":480,"height":246}},"lazy":false},{"type":"text","content":"GMV and subscription revenue growth reached 17% and 15% in FXN respectively","length":75,"tagName":"p","attribs":{}},{"type":"text","content":"Gross profit increased to US$41.0 million, representing 22% growth in FXN and 76% margin","length":88,"tagName":"p","attribs":{}},{"type":"text","content":"Non-GAAP operating income of US$5.3 million, reaching 10% margin and 4.3 p.p. margin increase YoY","length":97,"tagName":"p","attribs":{}},{"type":"text","content":"Non-GAAP net income and free cash flow of US$5.3 million and US$6.6 million, 10% and 12% margins","length":96,"tagName":"p","attribs":{}},{"type":"text","content":"NEW YORK, May 06, 2025--(BUSINESS WIRE)--VTEX (NYSE: VTEX), the backbone for connected commerce, today announced results for the first quarter of 2025 ended March 31, 2025. VTEX results have been prepared in accordance with accounting principles generally accepted in the United States of America ("U.S. GAAP") as well as the rules and regulations of the Securities and Exchange Commission ("SEC") regarding financial reporting.","length":448,"tagName":"p"},{"type":"text","content":"Geraldo Thomaz Jr., founder and co-CEO of VTEX, commented, "We began the year with solid performance, sustaining healthy growth. Our recent performance, go-lives of key enterprise customers, and continued platform expansion give us confidence in the sustainability of our profitable growth strategy. In a seasonally softer quarter, we improved margins and delivered strong cash generation. As we continue our transition from a single platform to a comprehensive commerce suite, we are laying the foundation for disciplined and sustainable long-term value creation." Mariano Gomide de Faria, founder and co-CEO of VTEX, added, "We are encouraged by the go-lives of large enterprise customers. The launch of Americanas ...