Vtex Class A ( (VTEX) ) has released its Q4 earnings. Here is a breakdown of the information Vtex Class A presented to its investors.
VTEX is a leading composable and complete commerce platform that provides solutions for premier brands and retailers, operating across both B2C and B2B sectors globally. The company is known for its flexibility and comprehensive solutions that enable organizations to modernize their tech stack and improve profitability.
In its latest earnings report for the fourth quarter and fiscal year 2024, VTEX showcased a strong performance with significant enterprise customer additions and operational efficiency improvements. Despite challenges such as FX volatility and GMV softness among existing customers, the company reported robust sales momentum and a growing number of high-revenue customers.
Key financial highlights include a 13% growth in subscription revenue on an FX neutral basis, a 16% increase in gross profit, and a 20% non-GAAP operating income margin. The company’s GMV reached $5.4 billion in Q4 2024, marking a 10.9% increase on an FX neutral basis. VTEX also initiated a share buyback program, repurchasing over 1.8 million Class A common shares.
VTEX’s strategic initiatives included expanding its customer base with new enterprise clients across various regions, enhancing product offerings, and optimizing operations. The company also focused on digital transformation projects with existing customers, contributing to increased revenue and market presence.
Looking forward, VTEX remains confident in its ability to sustain profitable growth and global expansion. The company targets a 13% to 15% FX neutral YoY subscription revenue growth for Q1 2025, with continued emphasis on adding new enterprise customers and enhancing its product offerings.