VTEX announced its financial results for the second quarter ended June 30, 2025, reporting subscription revenue of $57.2 million, an 11.2% increase on an FX-neutral basis. Non-GAAP subscription gross profit reached $45.7 million, growing 14.7% FX-neutral with a 79.9% margin.
The company demonstrated strong operational profitability, with non-GAAP income from operations at $8.5 million, achieving a 14.4% margin and a 3.3 percentage point year-over-year increase. Free cash flow for the quarter was $7.1 million, resulting in a 12% margin.
Despite these profitability gains, VTEX revised its full-year 2025 FX-neutral subscription revenue growth target to 9.0% to 12.0%, down from the previous 14.0% to 17.0% range, citing macroeconomic headwinds in Argentina and a strategic mix shift in Brazil. However, the company raised its full-year 2025 outlook for non-GAAP income from operations and free cash flow margins to the high teens, reflecting disciplined cost management and business model scalability.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.