VTEX (NYSE:VTEX) Issues Earnings Results

VTEX (NYSE:VTEX) announced its quarterly earnings results on Thursday. The company reported $0.05 EPS for the quarter, meeting the consensus estimate of $0.05, FiscalAI reports. The business had revenue of $67.95 million for the quarter, compared to analyst estimates of $68.11 million. VTEX had a return on equity of 8.13% and a net margin of 8.32%.

Here are the key takeaways from VTEX’s conference call:

• VTEX is executing on four strategic growth levers — global expansion, B2B, retail media, and AI — which in Q4 represented ~15% of subscription revenue and drove roughly 20% FX‑neutral growth, with global markets growing 22% in 2025.
• The company reported record profitability and margin expansion (subscription gross margin 81.8%, operating margin 23.8%, Q4 free cash flow margin 16.3%) and announced a $50 million, 12‑month share repurchase program.
• Enterprise sales cycles have materially lengthened due to macro weakness in Brazil/Argentina and an “AI wait‑and‑see” effect, slowing new‑store additions and dragging subscription revenue growth (Q4 subscription revenue +5.4% FX‑neutral) despite stable churn.
• AI is already delivering operational benefits (about +3 percentage points to subscription gross margin via support automation) and VTEX is reallocating spend toward R&D and an AI‑first product roadmap, but broader commercial outcomes and timing remain uncertain.

VTEX Trading Up 10.6%

Shares of VTEX stock opened at $3.40 on Friday. The company has a 50 day moving average price of $3.37 and a 200 day moving average price of $3.89. The stock has a market capitalization of $620.60 million, a P/E ratio of 30.87 and a beta of 1.34. VTEX has a fifty-two week low of $2.84 and a fifty-two week high of $6.82. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.10 and a current ratio of 3.10.

Wall Street Analyst Weigh In

A number of research firms have commented on VTEX. JPMorgan Chase & Co. decreased their target price on shares of VTEX from $6.00 to $5.00 and set a “neutral” rating on the stock in a research report on Monday, November 10th. UBS Group cut shares of VTEX from a “buy” rating to a “neutral” rating and dropped their price target for the company from $8.00 to $4.00 in a research report on Wednesday, January 14th. Wall Street Zen upgraded shares of VTEX from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 14th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of VTEX in a research report on Friday, January 9th. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $6.16.

Institutional Trading of VTEX

A number of large investors have recently made changes to their positions in the company. Millennium Management LLC increased its position in VTEX by 202.5% during the third quarter. Millennium Management LLC now owns 1,530,983 shares of the company’s stock worth $6,706,000 after buying an additional 1,024,911 shares during the period. Jacobs Levy Equity Management Inc. acquired a new stake in shares of VTEX in the third quarter valued at approximately $4,412,000. Citadel Advisors LLC grew its position in shares of VTEX by 524.5% during the third quarter. Citadel Advisors LLC now owns 1,012,225 shares of the company’s stock worth $4,434,000 after acquiring an additional 850,132 shares during the last quarter. Polar Capital Holdings Plc increased its holdings in shares of VTEX by 11.9% in the 3rd quarter. Polar Capital Holdings Plc now owns 7,034,043 shares of the company’s stock valued at $30,809,000 after acquiring an additional 748,712 shares during the period. Finally, BW Gestao de Investimentos Ltda. raised its position in VTEX by 1,301.0% in the 2nd quarter. BW Gestao de Investimentos Ltda. now owns 746,757 shares of the company’s stock valued at $4,929,000 after purchasing an additional 693,457 shares during the last quarter. 63.69% of the stock is owned by institutional investors and hedge funds.

More VTEX News

Here are the key news stories impacting VTEX this week:

• Positive Sentiment: Company reported record Q4 profit and expanded margins year-over-year, which drove upside investor sentiment. VTEX Rises on Higher 4Q Profit, Revenue
• Positive Sentiment: Management guided to mid- to high single-digit subscription revenue growth for 2026 and emphasized accelerating an AI-driven transformation — a signal of recurring-revenue stability and product investment that can support longer-term upside. Vtex outlines mid- to high single-digit subscription revenue growth for 2026 while accelerating AI-driven transformation
• Positive Sentiment: VTEX posted higher full-year 2025 subscription revenue and reported narrowing accumulated losses while expanding enterprise and global commerce footprints — supportive for longer-term revenue mix and margin improvement. VTEX Posts Higher 2025 Subscription Revenue and Narrows Accumulated Losses
• Neutral Sentiment: Reported EPS of $0.05, essentially meeting consensus (and improving versus prior-year EPS), which limits downside from the quarter but offered no major upside surprise. VTEX (VTEX) Q4 Earnings Meet Estimates
• Neutral Sentiment: Earnings call and transcript reinforce management’s messaging on resilient growth and priorities (subscription focus, enterprise expansion, AI); useful for gauging execution but not an immediate catalyst. VTEX (VTEX) Q4 2025 Earnings Call Transcript
• Negative Sentiment: Total revenue ($67.95M) missed consensus by a small margin, and operating cash flow and cash balances declined year-over-year — raising near-term liquidity and cash-conversion watchpoints. VTEX (VTEX) Releases Q4 2025 Earnings: Revenue Miss but EPS Beat
• Negative Sentiment: Short interest rose ~23% in February to ~2.74M shares (about 2.5% of float), increasing potential selling pressure and volatility risk.

About VTEX

VTEX is a global commerce platform provider that offers a full suite of software-as-a-service (SaaS) solutions designed to power online retail and marketplace operations. Its cloud-native platform combines e-commerce, order management and marketplace capabilities in a single environment, enabling brands and retailers to launch and scale digital commerce initiatives without the need for extensive in-house infrastructure. The company’s API-first architecture and microservices design support headless implementations, allowing businesses to integrate front-end experiences, third-party applications and custom modules with minimal development overhead.

Founded in 1999 and headquartered in São Paulo, Brazil, VTEX has expanded its reach to serve customers across Latin America, North America, Europe and Asia-Pacific.