Income Statement

Earnings Waterfall
VTEX

Revenue
234.1m USD
Cost of Revenue
-55.7m USD
Gross Profit
178.4m USD
Operating Expenses
-164.4m USD
Operating Income
14m USD
Other Expenses
2.5m USD
Net Income
16.5m USD

Income Statement
VTEX

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Income Statement
Currency: USD
Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025
Revenue
Interest Expense
1
1
1
1
1
1
1
1
1
1
0
0
0
0
0
0
0
Revenue
89
N/A
126
+42%
135
+7%
142
+6%
149
+5%
158
+6%
165
+5%
174
+6%
186
+7%
202
+8%
212
+5%
221
+4%
226
+2%
227
+0%
228
+1%
230
+1%
234
+2%
Gross Profit
Cost of Revenue
(36)
(50)
(51)
(52)
(52)
(53)
(55)
(57)
(60)
(61)
(61)
(61)
(60)
(59)
(58)
(56)
(56)
Gross Profit
53
N/A
76
+44%
83
+9%
90
+8%
97
+8%
105
+8%
110
+5%
117
+6%
127
+8%
141
+11%
151
+7%
160
+6%
166
+4%
167
+1%
170
+2%
174
+2%
178
+3%
Operating Income
Operating Expenses
(106)
(142)
(154)
(163)
(157)
(155)
(153)
(148)
(150)
(155)
(157)
(158)
(157)
(157)
(159)
(161)
(164)
Selling, General & Administrative
(71)
(95)
(102)
(107)
(101)
(96)
(94)
(88)
(88)
(93)
(97)
(100)
(101)
(102)
(102)
(102)
(102)
Research & Development
(33)
(45)
(51)
(55)
(55)
(57)
(57)
(58)
(60)
(60)
(59)
(57)
(55)
(54)
(56)
(57)
(60)
Depreciation & Amortization
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(1)
Other Operating Expenses
(1)
(2)
(1)
(1)
(1)
(1)
(2)
(2)
(2)
(2)
(2)
(1)
(1)
(1)
(1)
(2)
(2)
Operating Income
(53)
N/A
(66)
-25%
(71)
-7%
(73)
-4%
(60)
+18%
(50)
+17%
(43)
+14%
(31)
+27%
(23)
+25%
(15)
+37%
(6)
+56%
2
N/A
9
+272%
10
+16%
11
+14%
13
+11%
14
+10%
Pre-Tax Income
Interest Income Expense
(3)
0
(7)
(11)
(11)
(6)
(0)
5
7
5
(1)
1
(1)
7
5
3
6
Total Other Income
0
(4)
0
0
0
(0)
0
0
0
(1)
0
0
0
(7)
(0)
(0)
(0)
Pre-Tax Income
(56)
N/A
(70)
-26%
(78)
-11%
(84)
-8%
(71)
+16%
(56)
+20%
(43)
+23%
(26)
+40%
(17)
+35%
(11)
+36%
(8)
+28%
3
N/A
8
+126%
10
+23%
16
+66%
15
-4%
20
+27%
Net Income
Tax Provision
6
10
11
11
8
4
2
(1)
(1)
(3)
(1)
(0)
1
2
(1)
(2)
(3)
Income from Continuing Operations
(50)
(61)
(67)
(73)
(63)
(52)
(41)
(26)
(17)
(14)
(8)
3
9
12
15
13
16
Income to Minority Interest
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(0)
(0)
(0)
Net Income (Common)
(50)
N/A
(61)
-21%
(67)
-11%
(73)
-9%
(63)
+14%
(52)
+16%
(41)
+21%
(26)
+36%
(17)
+35%
(14)
+21%
(8)
+40%
3
N/A
9
+168%
12
+34%
15
+28%
13
-13%
16
+23%
EPS (Diluted)
-0.28
N/A
-0.33
-18%
-0.37
-12%
-0.39
-5%
-0.33
+15%
-0.27
+18%
-0.21
+22%
-0.14
+33%
-0.09
+36%
-0.07
+22%
-0.05
+29%
0.02
N/A
0.05
+150%
0.06
+20%
0.08
+33%
0.07
-13%
0.09
+29%