Financial Statements — VTEX
Balance Sheet
(in millions USD)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 |
|---|
| Cash & Equivalents | 15.74 | 18.67 | 28.04 | 24.39 | 121.01 |
| Short-term Investments | 176.36 | -- | -- | -- | -- |
| Accounts Receivable | 61.60 | -- | -- | -- | -- |
| Total Current Assets | 267.51 | 284.59 | 266.25 | 287.16 | 349.52 |
| Property, Plant & Equipment | 3.25 | -- | -- | -- | -- |
| Goodwill | 26.32 | -- | -- | -- | -- |
| Intangible Assets | 7.95 | -- | -- | -- | -- |
| Total Non-current Assets | 79.13 | 82.19 | 74.89 | 70.52 | 65.45 |
| Total Assets | 346.63 | -- | -- | -- | -- |
| Accounts Payable | 36.22 | -- | -- | -- | -- |
| Total Current Liabilities | 87.96 | 80.97 | 77.24 | 62.02 | 58.89 |
| Total Non-current Liabilities | 25.11 | 30.01 | 23.57 | 20.98 | 28.89 |
| Total Liabilities* | 113.14 | -- | -- | -- | -- |
| Retained Earnings | (89.80) | (118.06) | (130.06) | (116.37) | (63.95) |
| Total Stockholder Equity | 233.50 | 255.80 | 240.33 | 274.68 | 327.19 |
* Derived from reported values
Income Statement
(in millions USD) (except per-share rows)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 |
|---|
| Total Revenue | 240.52 | 226.71 | 201.52 | 157.62 | 125.77 |
| Cost of Revenue | 54.18 | -- | -- | -- | -- |
| Gross Profit | 186.34 | -- | -- | -- | -- |
| Research & Development | 63.89 | -- | -- | -- | -- |
| Selling, General & Admin | 34.00 | -- | -- | -- | -- |
| Total Operating Expenses | 168.23 | 216.61 | 216.12 | 207.54 | 191.70 |
| Operating Income | 18.11 | 10.10 | (14.60) | (49.92) | (65.93) |
| Interest Expense | -- | 0.00 | 0.00 | 0.06 | 0.09 |
| Pretax Income | 22.48 | 9.66 | (10.59) | (56.44) | (69.99) |
| Tax Provision | 2.45 | (2.33) | 3.11 | (4.03) | (9.47) |
| Net Income | 20.01 | -- | -- | -- | -- |
| Basic EPS | 0.11 | 0.07 | (0.07) | (0.28) | -- |
| Diluted EPS | 0.11 | 0.06 | (0.07) | (0.28) | -- |
Cash Flow Statement
(in millions USD)| Metric | FY
2025 | FY
2024 | FY
2023 | FY
2022 | FY
2021 |
|---|
| Operating Cash Flow | 33.37 | 27.26 | 4.26 | (29.22) | (52.99) |
| Capital Expenditures | 1.04 | -- | -- | -- | -- |
| Free Cash Flow* | 32.33 | -- | -- | -- | -- |
| Investing Cash Flow | 24.80 | (20.01) | 38.42 | (43.38) | (166.78) |
| Financing Cash Flow | (61.59) | (14.03) | (38.43) | (19.58) | 283.68 |
* Derived from reported values
