Overview

* VTEX ( VTEX ) Q3 revenue slightly beats analyst expectations, reaching $59.6 mln

* Non-GAAP net income for Q3 rises 41% to $10.6 mln

* Company repurchased 4.5 mln shares at an average price of $4.14

Outlook

* VTEX targets Q4 2025 subscription revenue growth of 5% to 10% FX-neutral

* Company expects full-year 2025 subscription revenue growth of 9.3% to 10.7% FX-neutral

* VTEX ( VTEX ) anticipates Q4 non-GAAP income from operations margin in mid-twenties

Result Drivers

* AI INTEGRATION - VTEX ( VTEX ) attributes margin expansion to AI-driven automation across its platform

* AI-DRIVEN PLATFORM - VTEX ( VTEX ) emphasizes its AI-driven platform as a key factor in its operational efficiency and customer service improvements

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Slight $59.60 $59.59

Revenue Beat* mln mln (5

Analysts

)

Q3 $7.50

Adjusted mln

Free

Cash

Flow

Q3 $9.50

Adjusted mln

Income

from

Operatio

ns

Q3 GMV $5 bln

*Applies to a deviation of less than 1%; not applicable for per-share numbers.

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 9 "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 ( VTEX ) is $7.25, about 37.4% above its November 5 closing price of $4.54

* The stock recently traded at 28 times the next 12-month earnings vs. a P/E of 41 three months ago

Press Release:

For questions concerning the data in this report, contact [email protected]. For any other questions or feedback, contact .

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)