VTEX(US:VTEX)2025-05-06 20:35Business Overview - VTEX is a SaaS digital commerce platform for enterprise brands and retailers [8, 12] - 88% of VTEX's ARR comes from enterprise customers, each generating at least $25K ARR, with an average of $131K in ARR as of FY 2024 [12] - VTEX's platform processed $18.2 billion in GMV B2C in FY 2024 [14] - VTEX has 3400 customers and 2400 active online stores across 43 countries as of FY 2024 [15] Financial Performance - VTEX achieved $226.7 million in revenue in FY 2024 [15] - The company's non-GAAP subscription gross margin was 78.2% in FY 2024 [15] - Non-GAAP income from operations margin increased from 19.1% in 4Q23 to 20.1% in 4Q24 [78] - VTEX's subscription revenue grew by 20.2% FX Neutral in 2024, reaching $228.8 million [94] Growth and Strategy - VTEX has a LTV/CAC ratio above 6x [48] - VTEX's Top 100 Customers are growing, with ARR increasing from $23.9 million in 2017 to $98.7 million in 2024, a 29% FXN CAGR [55, 57]