VTEX (NYSE:VTEX) Posts Earnings Results, Hits Estimates

VTEX (NYSE:VTEX) announced its quarterly earnings results on Thursday. The company reported $0.05 earnings per share for the quarter, meeting the consensus estimate of $0.05, FiscalAI reports. The company had revenue of $67.95 million during the quarter, compared to analysts’ expectations of $68.11 million. VTEX had a return on equity of 6.63% and a net margin of 7.03%.

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 Price Performance

Shares of NYSE VTEX traded up $0.12 during trading hours on Thursday, reaching $3.08. 1,061,413 shares of the stock traded hands, compared to its average volume of 929,480. The company’s 50-day simple moving average is $3.37 and its two-hundred day simple moving average is $3.89. The company has a market capitalization of $563.02 million, a P/E ratio of 34.23 and a beta of 1.34. VTEX has a 52-week low of $2.84 and a 52-week high of $6.82. The company has a quick ratio of 3.10, a current ratio of 3.10 and a debt-to-equity ratio of 0.01.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Polar Capital Holdings Plc boosted its stake 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 purchasing an additional 748,712 shares in the last quarter. Millennium Management LLC lifted its stake in VTEX by 36.6% in the fourth quarter. Millennium Management LLC now owns 2,091,811 shares of the company’s stock worth $7,865,000 after purchasing an additional 560,828 shares during the last quarter. State Street Corp boosted its position in VTEX by 7.7% during the fourth quarter. State Street Corp now owns 1,590,672 shares of the company’s stock valued at $5,981,000 after buying an additional 114,256 shares during the period. Citadel Advisors LLC boosted its position in VTEX by 524.5% during the third quarter. Citadel Advisors LLC now owns 1,012,225 shares of the company’s stock valued at $4,434,000 after buying an additional 850,132 shares during the period. Finally, Jacobs Levy Equity Management Inc. bought a new position in shares of VTEX during the third quarter valued at about $4,412,000. 63.69% of the stock is owned by hedge funds and other institutional investors.

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.