Vtex (VTEX) Research & Development (2020 - 2026)

Vtex's Research & Development history runs 7 years deep, the most recent figure standing at -$17.2 million for Q1 2026.

• On a quarterly basis, Research & Development fell 16.01% year-over-year to -$17.2 million in Q1 2026; TTM through Mar 2026 was -$96.6 million, a 14.7% increase from a year earlier, with the FY2025 full-year figure at -$63.9 million, down 15.3% from the prior year.
• Research & Development eased to -$17.2 million in Q1 2026 per VTEX's latest filing, from -$16.9 million in the prior quarter.
• Across five years, Research & Development topped out at -$13.8 million in Q3 2022 and bottomed at -$47.0 million in Q3 2025.
• The 5-year median for Research & Development is -$15.4 million (2022), against an average of -$20.1 million.
• Across the five-year window, Research & Development plunged 191.76% in 2024 and surged 59.78% in 2025, its largest moves.
• Year by year, Research & Development stood at -$14.1 million in 2022, then retreated by 2.13% to -$14.4 million in 2023, then plunged by 191.76% to -$42.0 million in 2024, then jumped by 59.78% to -$16.9 million in 2025, then dropped by 2.06% to -$17.2 million in 2026.
• Per Business Quant, the three latest VTEX Research & Development figures stand at -$17.2 million (Q1 2026), -$16.9 million (Q4 2025), and -$47.0 million (Q3 2025).