Vtex (VTEX) Research & Development (2020 - 2026)
Vtex (VTEX) posted Research & Development of -$17.93 million for Q2 2026, compared with -$15.42 million a year earlier.
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Analysis
Vtex (VTEX) Research & Development (2020 - 2026) Analysis & Trends
For the trailing twelve months through Jun 30, 2026, Research & Development at Vtex was -$99.04 million; for FY2025, it came in at -$63.89 million.
- In prior years, Vtex's Research & Development was -$55.41 million in FY2024, -$60.21 million in FY2023, -$57.21 million in FY2022 and -$45.19 million in FY2021.
- Quarterly Research & Development has run from a low of -$47.01 million in Q3 2025 to a high of -$13.4 million in Q4 2024 over five years.
- According to Business Quant data, Research & Development for the three prior quarters was -$17.2 million (Q1 2026), -$16.9 million (Q4 2025) and -$47.01 million (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Alphabet | 3,441.41 Bn | 3,176.31 Bn | 76.16 Bn | 20.64 Bn |
| 2 | Meta Platforms | 1,546.51 Bn | 1,211.03 Bn | 51.23 Bn | 20.05 Bn |
| 3 | Netflix | 269.88 Bn | 231.18 Bn | 6.80 Bn | 1.03 Bn |
| 4 | Alibaba Group Holding | 251.04 Bn | 64.67 Bn | 15.16 Bn | 3.32 Bn |
| 5 | Shopify | 185.46 Bn | 164.27 Bn | 1.78 Bn | 497.00 Mn |
| 6 | Uber Technologies | 139.78 Bn | 111.58 Bn | 6.38 Bn | 1.04 Bn |
| 7 | Booking Holdings | 126.33 Bn | 60.08 Bn | - | - |
| 8 | Spotify Technology | 126.29 Bn | 83.21 Bn | 1.89 Bn | 479.73 Mn |
| 9 | AppLovin | 119.11 Bn | 107.63 Bn | 1.94 Bn | 101.82 Mn |
| 10 | Vtex | 712.21 Mn | -62.11 Mn | 51.71 Mn | 17.93 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 17.93 Mn |
| Mar 31, 2026 | 17.20 Mn |
| Dec 31, 2025 | 16.90 Mn |
| Sep 30, 2025 | 16.70 Mn |
| Jun 30, 2025 | 15.42 Mn |
| Mar 31, 2025 | 14.90 Mn |
| Dec 31, 2024 | 13.40 Mn |
| Sep 30, 2024 | 13.70 Mn |
| Jun 30, 2024 | 14.30 Mn |
| Mar 31, 2024 | 14.00 Mn |
| Dec 31, 2023 | 14.40 Mn |
| Sep 30, 2023 | 15.80 Mn |
| Jun 30, 2023 | 16.30 Mn |
| Mar 31, 2023 | 13.96 Mn |
| Dec 31, 2022 | 14.06 Mn |
| Sep 30, 2022 | 13.81 Mn |
| Jun 30, 2022 | 15.41 Mn |
| Mar 31, 2022 | 13.93 Mn |
| Dec 31, 2021 | 11.92 Mn |
| Sep 30, 2021 | 14.18 Mn |
API Access
Vtex Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=VTEX&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "VTEX", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=VTEX&period=max&api_key=YOUR_API_KEY");
const data = await res.json();