VTEX Reports Solid Q1 2025 Financial Growth

Vtex Class A ( (VTEX) ) has released its Q1 earnings. Here is a breakdown of the information Vtex Class A presented to its investors.

VTEX is a leading provider of a comprehensive commerce platform, serving both B2C and B2B customers globally, with a strong presence in digital commerce solutions. The company is known for its ability to unify various commerce solutions, helping brands and retailers accelerate growth and eliminate operational friction.

In its first quarter of 2025, VTEX reported solid financial performance, showcasing growth in key areas despite a seasonally softer quarter. The company highlighted its expansion efforts, particularly in Brazil, and its recognition as a leader in digital commerce by Gartner.

VTEX achieved a gross merchandise volume (GMV) of $4.3 billion, marking a year-over-year increase of 7.6% in USD and 17.2% on an FX neutral basis. Total revenue rose to $54.2 million, with subscription revenue accounting for 97.1% of this figure. The company also reported a significant increase in non-GAAP net income to $5.3 million, up from $2.4 million the previous year, and a notable improvement in free cash flow.

The company continues to expand its customer base and enhance its platform capabilities, with new partnerships and expansions across various regions, including the US, Europe, and Latin America. VTEX’s strategic initiatives are aimed at sustaining profitable growth and enhancing its market position.

Looking ahead, VTEX remains optimistic about its growth prospects, targeting FX neutral year-over-year subscription revenue growth of 12.5% to 15.5% for the second quarter of 2025. The company is focused on executing its profitable growth strategy while navigating macroeconomic uncertainties.