Vtex (VTEX) Research & Development (2020 - 2026)
Vtex's quarterly Research & Development came in at -$17.2 million in Q1 2026, down 16.01% year-on-year from -$20.5 million in Q1 2025, and down 2.17% quarter-over-quarter from -$16.9 million in Q4 2025.
Vtex has reported Research & Development for 7 years, with the latest figure at -$17.2 million in Q1 2026.
- For the quarter ending Q1 2026, Research & Development fell 16.01% year-over-year to -$17.2 million; the trailing twelve-month figure through Mar 2026 stood at -$66.3 million (down 17.66% YoY), and the FY2025 full-year result was -$63.9 million, down 15.3% from the prior year.
- Research & Development for Q1 2026 stood at -$17.2 million, down from -$16.9 million in the prior quarter.
- The five-year high for Research & Development was -$13.4 million in Q4 2024, with the low at -$60.2 million in Q4 2023.
- Average Research & Development over 5 years is -$17.6 million, with a median of -$14.9 million recorded in 2025.
- Year-over-year, Research & Development plunged 326.99% in 2023 and soared 77.75% in 2024.
- Tracing VTEX's Research & Development over 5 years: stood at -$14.1 million in 2022, then slumped by 326.99% to -$60.2 million in 2023, then soared by 77.75% to -$13.4 million in 2024, then slipped by 26.0% to -$16.9 million in 2025, then dropped by 2.17% to -$17.2 million in 2026.
- The last three Research & Development figures came in at -$17.2 million (Q1 2026), -$16.9 million (Q4 2025), and -$16.7 million (Q3 2025), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 253.17 Bn | 235.20 Bn | 8.16 Bn | -1.99 Bn |
| 2 | Salesforce | 171.07 Bn | 161.50 Bn | 8.69 Bn | 1.62 Bn |
| 3 | Uber Technologies | 151.10 Bn | 150.06 Bn | 11.88 Bn | 951.00 Mn |
| 4 | Shopify | 134.25 Bn | 128.50 Bn | 1.55 Bn | 437.00 Mn |
| 5 | ServiceNow | 105.72 Bn | 100.54 Bn | 2.83 Bn | 823.00 Mn |
| 6 | Cadence Design Systems | 101.64 Bn | 100.23 Bn | 1.26 Bn | 508.44 Mn |
| 7 | Adobe | 100.35 Bn | 93.46 Bn | 5.73 Bn | 1.11 Bn |
| 8 | Automatic Data Processing | 90.91 Bn | 87.68 Bn | 2.87 Bn | 253.90 Mn |
| 9 | Intuit | 88.30 Bn | 81.52 Bn | 6.77 Bn | 840.00 Mn |
| 10 | Vtex | 85.92 | -13.94 Mn | 48.45 Mn | -17.25 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | -17.25 Mn |
| Dec 31, 2025 | -16.88 Mn |
| Sep 30, 2025 | -16.73 Mn |
| Jun 30, 2025 | -15.42 Mn |
| Mar 31, 2025 | -14.87 Mn |
| Dec 31, 2024 | -13.40 Mn |
| Sep 30, 2024 | -13.72 Mn |
| Jun 30, 2024 | -14.34 Mn |
| Mar 31, 2024 | -13.96 Mn |
| Dec 31, 2023 | -60.21 Mn |
| Sep 30, 2023 | -15.51 Mn |
| Jun 30, 2023 | -16.31 Mn |
| Mar 31, 2023 | -13.96 Mn |
| Dec 31, 2022 | -14.10 Mn |
| Sep 30, 2022 | -13.80 Mn |
| Jun 30, 2022 | -15.40 Mn |
| Mar 31, 2022 | -13.90 Mn |
| Dec 31, 2021 | -11.92 Mn |
| Sep 30, 2021 | -14.18 Mn |
| Jun 30, 2021 | -10.67 Mn |
| Mar 31, 2021 | -8.42 Mn |
| Dec 31, 2020 | -6.83 Mn |
| Sep 30, 2020 | -4.51 Mn |
| Jun 30, 2020 | -3.64 Mn |