NYSE$VTEX
VTEX · Q1 2025 earnings
Q1 2025 earnings · · After market close · Investor relations
Briefing
announced results for the first quarter of 2025
VTEX reported a solid start to the year with sustained growth and improved margins in Q1 2025. The company achieved significant increases in GMV and subscription revenue on an FX neutral basis, alongside strong non-GAAP operating income, net income, and free cash flow, demonstrating the effectiveness of their profitable growth strategy.
- GMV reached US$4.3 billion, a 17.2% increase on an FX neutral basis year-over-year.
- Total revenue was US$54.2 million, growing 13.2% FX neutral year-over-year.
- Non-GAAP operating income was US$5.3 million, representing a 10% margin and a 4.3 p.p. margin increase year-over-year.
- Non-GAAP net income was US$5.3 million and non-GAAP free cash flow was US$6.6 million.
Headline financials
Revenue & EPS history
VTEX · Revenue · Quarterly
$54.2M
Forward guidance
VTEX is targeting FX neutral YoY subscription revenue growth of 12.5% to 15.5% for Q2 2025 and 14.0% to 17.0% for the full year 2025. The company also targets non-GAAP operating income and free cash flow margins in the mid-teens for the full year.
Tailwinds
- Targeting continued FX neutral YoY subscription revenue growth in Q2 2025.
- Targeting continued FX neutral YoY revenue growth for the full year 2025.
- Targeting non-GAAP operating income margin in the mid-teens for the full year 2025.
- Targeting free cash flow margin in the mid-teens for the full year 2025.
- Confidence in capitalizing on current market opportunities.
Headwinds
- Macroeconomic uncertainty persists.
- Same-store sales and GMV growth volatility continues.
- Achievement of results is subject to numerous factors and risks beyond VTEX’s control.
- Fluctuations in operating results may be particularly pronounced in the current economic environment.
- No assurance that targeted results will be achieved.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 16 quarterly earnings reports · overlaid with Q1 2025
-0.6%
Avg return
Earnings day
-2.3%
Avg return
5 days after
-2.4%
Avg return
30 days after
47%
8 / 17 earnings
Positive
+14.9%
Q3 2023
Best reaction
-27.2%
Q2 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2026 | +11.4% | -6.7% | -11.4% | |
| Q2 2025 | -27.2% | -29.1% | -30.9% | |
| Q1 2025 | +6.4% | +11.8% | +21.5% | |
| Q4 2024 | -21.4% | -25.5% | -14.9% | |
| Q3 2024 | -2.0% | -3.1% | -6.0% | |
| Q1 2024 | -14.1% | -18.1% | -15.6% | |
| Q4 2023 | +13.6% | +12.3% | +10.4% | |
| Q3 2023 | +14.9% | +19.6% | +22.5% | |
| Q2 2023 | +3.5% | +1.3% | +13.1% | |
| Q1 2023 | -0.3% | +3.8% | +21.3% | |
| Q4 2022 | +0.0% | -0.5% | +1.3% | |
| Q3 2022 | +4.0% | +18.1% | +0.0% | |
| Q2 2022 | +3.8% | -4.5% | +5.0% | |
| Q1 2022 | +0.0% | -5.0% | -9.9% | |
| Q4 2021 | +7.7% | +8.6% | -15.2% | |
| Q3 2021 | -2.7% | -10.6% | -20.7% | |
| Q2 2021 | -8.1% | -11.5% | -10.6% | |
| Q4 2020 | — | — | — | |
| Q3 2020 | — | — | — | |
| Q2 2020 | — | — | — | |
| Q1 2020 | — | — | — |
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