VTEX (VTEX) Revenue & Revenue Breakdown
VTEX Revenue Highlights
Latest Revenue (Y)
$201.52M
Latest Revenue (Q)
$52.65M
Main Segment (Y)
Subscription Cost
VTEX Revenue by Period
VTEX Revenue by Year
| Date | Revenue | Change |
|---|---|---|
| 2023-12-31 | $201.52M | 27.85% |
| 2022-12-31 | $157.62M | 25.32% |
| 2021-12-31 | $125.77M | 27.46% |
| 2020-12-31 | $98.68M | 60.90% |
| 2019-12-31 | $61.33M | - |
VTEX generated $201.52M in revenue during NA 2023, up 27.85% compared to the previous quarter, and up 0.00% compared to the same period a year ago.
VTEX Revenue by Quarter
| Date | Revenue | Change |
|---|---|---|
| 2024-03-31 | $52.65M | -13.30% |
| 2023-12-31 | $60.72M | 19.94% |
| 2023-09-30 | $50.63M | 5.73% |
| 2023-06-30 | $47.89M | 13.25% |
| 2023-03-31 | $42.28M | -7.04% |
| 2022-12-31 | $45.48M | 17.37% |
| 2022-09-30 | $38.75M | 0.10% |
| 2022-06-30 | $38.71M | 11.67% |
| 2022-03-31 | $34.67M | -6.60% |
| 2021-12-31 | $37.12M | 16.48% |
| 2021-09-30 | $31.86M | 3.22% |
| 2021-06-30 | $30.87M | 19.07% |
| 2021-03-31 | $25.92M | -10.94% |
| 2020-12-31 | $29.11M | 5.26% |
| 2020-09-30 | $27.65M | 9.40% |
| 2020-06-30 | $25.27M | 51.87% |
| 2020-03-31 | $16.64M | - |
VTEX generated $52.65M in revenue during Q1 2024, up -13.30% compared to the previous quarter, and up 115.75% compared to the same period a year ago.
VTEX Revenue Breakdown
VTEX Revenue Breakdown by Product
Annual Revenue by Product
| Product/Service | Dec 23 | Dec 22 | Dec 21 |
|---|---|---|---|
| Subscription revenue | $190.30M | $148.47M | $118.47M |
| Services Revenue | $11.21M | $9.14M | $7.31M |
| Subscription Cost | $208.78M | $148.47M | $118.47M |
| Services Cost | $11.76M | $9.14M | $7.31M |
VTEX's latest annual revenue breakdown by segment (product or service), as of Dec 23: Subscription Cost (49.47%), Subscription revenue (45.09%), Services Cost (2.79%), and Services Revenue (2.66%).
VTEX Peer Comparison by Revenue
| Ticker | Company | Last Year Revenue | Last Quarter Revenue |
|---|---|---|---|
| PWSC | PowerSchool | $697.65M | $191.59M |
| PYCR | Paycor HCM | $654.95M | $187.02M |
| ETWO | E2open Parent | $634.55M | $151.16M |
| VERX | Vertex | $572.39M | $156.78M |
| AMPL | Amplitude | $276.28M | $73.30M |
| WALD | Waldencast | $218.14M | $68.30M |
| VTEX | VTEX | $201.52M | $52.65M |
| ENFN | Enfusion | $174.53M | $49.45M |
| ONTF | ON24 | $163.71M | $37.35M |
| EXFY | Expensify | $150.69M | $33.29M |
| LAW | CS Disco | $138.09M | $36.01M |
| FRGE | Forge Global | $69.82M | $22.28M |
| WFCF | Where Food Comes From | $25.14M | $5.58M |
| TROO | TROOPS | $3.57M | $867.50K |
VTEX Revenue FAQ
What is VTEX’s yearly revenue?
VTEX's yearly revenue for 2023 was $201.52M, representing an increase of 27.85% compared to 2022. The company's yearly revenue for 2022 was $157.62M, representing an increase of 25.32% compared to 2021. VTEX's yearly revenue for 2021 was $125.77M, representing an increase of 27.46% compared to 2020.
What is VTEX’s quarterly revenue?
VTEX's quarterly revenue for Q1 2024 was $52.65M, a -13.30% decrease from the previous quarter (Q4 2023), and a 24.52% increase year-over-year (Q1 2023). The company's quarterly revenue for Q4 2023 was $60.72M, a 19.94% increase from the previous quarter (Q3 2023), and a 33.50% increase year-over-year (Q4 2022). VTEX's quarterly revenue for Q3 2023 was $50.63M, a 5.73% increase from the previous quarter (Q2 2023), and a 30.64% increase year-over-year (Q3 2022).
What is VTEX’s revenue growth rate?
VTEX's revenue growth rate for the last 3 years (2021-2023) was 60.22%, and for the last 5 years (2019-2023) was 228.59%.
What are VTEX’s revenue streams?
VTEX's revenue streams in c 23 are Subscription revenue, Services Revenue, Subscription Cost, and Services Cost. Subscription revenue generated $190.3M in revenue, accounting 45.09% of the company's total revenue, up 28.17% year-over-year. Services Revenue generated $11.22M in revenue, accounting 2.66% of the company's total revenue, up 22.64% year-over-year. Subscription Cost generated $208.78M in revenue, accounting 49.47% of the company's total revenue, up 40.61% year-over-year. Services Cost generated $11.76M in revenue, accounting 2.79% of the company's total revenue, up 28.62% year-over-year.
What is VTEX’s main source of revenue?
For the fiscal year ending Dec 23, the largest source of revenue of VTEX was Subscription Cost. This segment made a revenue of $208.78M, representing 49.47% of the company's total revenue.