NYSE$VTEX
VTEX · Q4 2024 earnings
Q4 2024 earnings · · After market close · Investor relations
Briefing
VTEX reported a slight increase in total revenue and GMV, alongside improved profitability and free cash flow for the fourth quarter of 2024.
VTEX delivered a solid performance in Q4 2024, with total revenue reaching US$61.5 million, a 1.3% increase year-over-year. The company saw significant improvements in profitability, with non-GAAP income from operations rising to US$12.4 million and non-GAAP free cash flow reaching US$12.4 million. GMV also experienced a modest increase, and the company continued to expand its customer base and operational efficiency.
- Total revenue increased to US$61.5 million in Q4 2024, up 1.3% YoY in USD and 12.3% on an FX neutral basis.
- Non-GAAP income from operations rose to US$12.4 million, compared to US$11.6 million in Q4 2023.
- Non-GAAP free cash flow reached US$12.4 million, a significant increase from US$9.5 million in Q4 2023.
- GMV grew to US$5.4 billion, representing a 0.2% YoY increase in USD and 10.9% on an FX neutral basis.
Headline financials
Revenue & EPS history
VTEX · Revenue · Quarterly
$61.5M
Forward guidance
For Q1 2025, VTEX targets FX neutral YoY subscription revenue growth of 13% to 15%, implying a range of US$51.0 million to US$52.0 million. For the full year 2025, the company targets FX neutral YoY subscription revenue growth of 14% to 17%, implying a range of US$235.0 million to US$241.0 million, and non-GAAP operating income and free cash flow margins of mid-teens.
Tailwinds
- Continued focus on profitable growth strategy.
- Increased reliance on VTEX's ecosystem of system integrators for new customer implementations.
- Empowering customers to digitally transform commerce operations.
- Confidence in capitalizing on current market opportunities.
- Targeting mid-teens non-GAAP operating income and free cash flow margins for FY 2025.
Headwinds
- Anticipated more muted same-store sales in the short term due to recent slowdown in GMV growth, especially in Brazil.
- Actual results could vary materially due to numerous factors and risk factors beyond VTEX's control.
- Fluctuations in operating results may be particularly pronounced in the current economic environment.
- No assurance that VTEX will achieve the stated results.
- Forward-looking statements are subject to risks and uncertainties.
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 Q4 2024
-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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