Overview

* VTEX ( 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 ( 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/Mis Actual Consensu

s s

Estimate

Q2 Miss $58.80 $60.30

Revenue mln mln (4

Analysts

)

Q2 Beat $8.50 $4.52

Adjusted mln mln (3

Income Analysts

from )

Operatio

ns

Q2 $7.10

Adjusted mln

Free

Cash

Flow

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 ( 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

Press Release:

(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.)