Vtex (VTEX) Reports Record 79.6% Gross Margin and $66.7M Subscription Revenue

Vtex (NYSE:VTEX) is one of the best new penny stocks to buy. On February 27, Vtex reported its Q4 2025 financial results, achieving a record gross margin of 79.6% and a non-GAAP operating margin of 23.8%. While the company acknowledged that recent growth has been impacted by cyclical macro headwinds in Brazil and Argentina, it delivered $66.7 million in subscription revenue for the quarter.

To streamline operations and better utilize AI, Vtex implemented a late-year reorganization of its sales and marketing teams, which included a headcount reduction of approximately 100 positions and centralized global operations for greater agility. The company is anchoring its future growth in four strategic levers: global expansion, B2B commerce, retail media, and AI-first product development.

In 2025, global markets outside of Latin America grew by 22%, and the company successfully scaled high-profile partnerships, such as its stadium tour store project with Manchester City. Furthermore, the ‘Vtex Ads’ retail media engine has transitioned from a pilot phase to a core growth driver, enabling enterprise retailers to monetize traffic and provide brands with performance-based, first-party data attribution. Vtex (NYSE:VTEX) remains focused on high-value clients, with the number of customers generating over $250,000 in annual recurring revenue reaching 158.

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Vtex (NYSE:VTEX), together with its subsidiaries, provides a software-as-a-service digital commerce platform for enterprise brands and retailers.

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