Quick Answer
VTEX reported R&D Expense of $63.89 million for fiscal year 2025.
VTEX R&D Expense — Annual History
| Fiscal Year | R&D Expense | YoY Change |
|---|---|---|
| 2025 | $63.89M | +15.3% |
| 2024 | $55.41M | -8.0% |
| 2023 | $60.21M | +5.2% |
| 2022 | $57.20M | +26.6% |
| 2021 | $45.19M | +137.3% |
| 2020 | $19.04M | +50.1% |
| 2019 | $12.69M | — |
- VTEX showed an increase of +15.3% in R&D Expense compared to the prior fiscal year.
- Over the 2019–2025 period, VTEX’s r&d expense has grown by 403.6% (from $12.69 million to $63.89 million).
- The most recent figure is from VTEX’s fiscal year 2025 report (Form 20-F), filed with the SEC on February 26, 2026.
- All figures are sourced from SEC EDGAR XBRL filings, last verified June 17, 2026.
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