VTEX Q2 revenue misses estimates
Overview
VTEX Q2 revenue of $58.8 mln missed analyst expectations, per LSEG data
Adjusted income from operations beat estimates at $8.5 mln, per LSEG data
Company executed share repurchase, authorized additional $40 mln buyback
Outlook
VTEX targets Q3 2025 FX neutral subscription revenue of $57.5 mln to $59.0 mln
Company aims for full-year 2025 FX neutral subscription revenue of $233 mln to $239 mln
VTEX raises non-GAAP income and free cash flow margins to high-teens
Result Drivers
SUBSCRIPTION GROWTH - Subscription revenue grew 11.2% FX neutral, driven by scalable B2B solutions and monetization engines, despite challenges in Brazil and Argentina
AI INITIATIVES - AI initiatives on support-cost efficiency and disciplined execution contributed to resilient operational profitability
GLOBAL EXPANSION - Expansion in US and Europe with new clients like KitchenAid and Road Runner Sports highlights growing global relevance
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Miss | $58.80 mln | $60.30 mln (4 Analysts) |
Q2 Adjusted Income from Operations | Beat | $8.50 mln | $4.52 mln (3 Analysts) |
Q2 Adjusted Free Cash Flow | $7.10 mln | ||
Q2 GMV | $4.80 bln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the software peer group is "buy"
Wall Street's median 12-month price target for VTEX is $10.00, about 40.9% above its August 6 closing price of $5.91
The stock recently traded at 43 times the next 12-month earnings vs. a P/E of 45 three months ago
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