VTEX
vtex.comWhat Do They Do?
Sells cloud-based commerce software that helps brands, retailers and manufacturers run online stores, manage orders across sales channels, and operate marketplaces.
20-F for FY2025, filed Feb 26, 2026Our platform is designed to be the AI-native operating system for the commerce ecosystem, enabling enterprise brands and retailers to…View ↗
Our platform enables our customers to execute their commerce strategy, including building online stores, integrating and managing orders…View ↗
We serve a diversified mix of global enterprise brands and retailers executing on innovative opportunities. We enable manufacturers and CPG…View ↗
How Do They Make Money?
Customers pay fixed subscription fees and a fee tied mainly to order value for access to the platform; the transaction-based portion is earned as consumer transactions occur. Consulting and professional services generate revenue as the work is performed.
20-F for FY2025, filed Feb 26, 2026We offer access to our platform on a subscription basis, which accounted for 97.7% and 96.0% of our total revenue for the year ended…View ↗
Subscription revenues stem from a cloud-based multichannel software as a service (“SaaS”) platform focused on ecommerce, with a single…View ↗
Services revenue consists primarily of consulting and professional services, including digital commerce solutions, architecting and…View ↗
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20-F for FY2025, filed Feb 26, 2026
FY2025 revenue by product or service ↗
$240.5M
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20-F for FY2025, filed Feb 26, 2026
$240.5M ↗
| Segment | Share | Revenue |
|---|---|---|
|
Subscription
|
98% |
Subscription, FY2025
$234.9M Sources
|
|
Services
|
2.3% |
Services, FY2025
$5.6M Sources
|
Who Are Their Customers?
Large brands, retailers and manufacturers buy through VTEX’s direct sales force; the platform supports consumer-facing and business-to-business commerce.
20-F for FY2025, filed Feb 26, 2026
Do Revenues Turn Into Profits?
Yes. It kept 8 cents of every revenue dollar as net income in FY2025 and turned 13 cents into free cash flow.
20-F for FY2025, filed Feb 26, 2026
$18.1MView ↗
20-F for FY2025, filed Feb 26, 2026
$20MView ↗
20-F for FY2025, filed Feb 26, 2026
$32.3MView ↗
How Are They Changing?
Platform adjacencies
The older report described payment, logistics and tracking solutions as platform adjacencies; the latest report describes retail media and Weni, which offers communication automation and chatbots, among its adjacencies.
20-F for FY2022, filed Mar 2, 2023 20-F for FY2025, filed Feb 26, 2026In addition, we also serve small-to-medium sized businesses, or SMBs, on a separate on-demand platform that represented 6.4% of our…View ↗
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