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VTEX logoVtex(VTEX)Earnings, Financials & Key Ratios

VTEX•NYSE
32.8× P/E·Price updated Jun 19, 2026
SectorTechnologyIndustryApplication SoftwareSub-IndustryE-commerce platforms and retail enablement
AboutVTEX provides software-as-a-service digital commerce platform for enterprise brands and retailers. Its platform enables customers to execute their commerce strategy, including building online stores, integrating, and managing orders across channels, and creating marketplaces to sell products from third-party vendors. It has operations in Brazil, Argentina, Chile, Colombia, France, Italy, Mexico, Peru, Portugal, Romania, Spain, the United Kingdom, and the United States. VTEX was founded in 2000 and is headquartered in London, the United Kingdom.Show more
  • Revenue$241M+6.1%
  • EBITDA$21M+47.7%
  • Net Income$20M+66.8%
  • EPS (Diluted)0.11+76.3%
  • Gross Margin77.47%+5.0%
  • EBITDA Margin8.89%+39.3%
  • Operating Margin7.53%+68.9%
  • Net Margin8.32%+57.2%
  • ROE8.18%+69.1%

VTEX Key Insights

Vtex (VTEX) fundamental analysis — strengths, weaknesses & financial health based on data analysis

✓Strengths

  • ✓Company is almost debt free
  • ✓Strong Piotroski F-Score: 8/9
  • ✓High quality earnings: Operating CF exceeds net income
  • ✓Strong 5Y sales CAGR of 19.5%
  • ✓Share count reduced 3.7% through buybacks

✗Weaknesses

  • ✗Weak 3Y average ROE of 2.6%
  • ✗Trading more than 30% below 52-week high

* These insights are generated automatically based on available financial data. Please conduct your own research before making investment decisions.

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VTEX Price & Volume

Vtex (VTEX) stock price & volume — 10-year historical chart

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VTEX Growth Metrics

Vtex (VTEX) revenue, earnings & EPS growth — 3, 5 & 10-year CAGR

Revenue CAGR

10 Years-
5 Years19.51%
3 Years15.13%
TTM8.25%

Profit CAGR

10 Years-
5 Years-
3 Years-
TTM37.06%

EPS CAGR

10 Years-
5 Years-
3 Years-
TTM60.03%

Return on Capital

10 Years-4.88%
5 Years-7.92%
3 Years1.7%
Last Year6.65%

VTEX Recent Earnings

Vtex (VTEX) EPS & revenue vs analyst estimates — last 4 quarters

Full history →
●Beat EPS 2/12 qtrs (17%)●Beat Revenue 3/12 qtrs (25%)
Q2 2026Latest
May 7, 2026
Metric
Actual
Est
EPS
$0.02-33.3%
$0.03
Rev
$61M+0.1%
$61M
Q1 2026
Feb 26, 2026
Metric
Actual
Est
EPS
$0.05+0.0%
$0.05
Rev
$68M-0.0%
$68M
Q4 2025
Nov 6, 2025
Metric
Actual
Est
EPS
$0.03+0.0%
$0.03
Rev
$60M-12.3%
$68M
Q3 2025
Aug 7, 2025
Metric
Actual
Est
EPS
$0.02+0.0%
$0.02
Rev
$59M-5.5%
$62M
QuarterDateEPS (Act vs Est)Revenue (Act vs Est)
Q2 2026LatestMay 7, 2026
$0.02vs $0.03-33.3%
$61Mvs $61M+0.1%
Q1 2026Feb 26, 2026
$0.05vs $0.05+0.0%
$68Mvs $68M-0.0%
Q4 2025Nov 6, 2025
$0.03vs $0.03+0.0%
$60Mvs $68M-12.3%
Q3 2025Aug 7, 2025
$0.02vs $0.02+0.0%
$59Mvs $62M-5.5%
Based on last 12 quarters of dataView full earnings history →

VTEX Peer Comparison

Vtex (VTEX) competitors in E-commerce platforms and retail enablement — business model, growth, and fundamentals comparison

Select Columns
Stock Universe
Valuation
Growth
Profitability
Financial Health
Dividends & Buybacks
Price Performance
Technical
Fundamentals ($)
Sector-Specific
Institutional Holdings
CompanyMarket CapStock PriceP/E Ratio (TTM)Revenue Growth 1YNet MarginReturn on Equity (ROE)FCF YieldDebt / Equity
SHOP logoSHOPShopify Inc.Direct Competitor141.25B108.85115.8030.14%10.77%10.52%0.01
WIX logoWIXWix.com Ltd.Direct Competitor2.34B42.4948.2813.2%-1.97%
CART logoCARTInstacart (Maplebear Inc.)Direct Competitor10.55B44.5527.8410.78%12.55%16.35%0.01
MELI logoMELIMercadoLibre, Inc.Product Competitor82.9B1635.1541.5139.06%6.04%29.58%1.69
EBAY logoEBAYeBay Inc.Product Competitor49.47B108.2424.947.95%17.58%44.12%1.60
PYPL logoPYPLPayPal Holdings, Inc.Supply Chain37.5B42.517.864.32%15%25.08%0.49
GDDY logoGDDYGoDaddy Inc.Supply Chain10.27B77.0412.378.26%17.32%366.9%17.96
AMZN logoAMZNAmazon.com, Inc.Supply Chain2.63T244.3934.0912.38%12.22%23.34%0.37

Compare VTEX vs Peers

Vtex (VTEX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs SHOP

Most directly comparable listed peer for VTEX.

Scale Benchmark

vs AMZN

Larger-name benchmark to compare VTEX against a more recognizable public peer.

Peer Set

Compare Top 5

vs SHOP, WIX, CART, MELI

VTEX Income Statement

Vtex (VTEX) annual income statement — 10-year revenue, gross profit & net income history

10Y historyFree accessUpdated daily
MetricDec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Sales/Revenue
61.33M98.68M125.77M157.62M201.52M226.71M240.52M247.05M
Revenue Growth %
-60.9%27.46%25.32%27.85%12.5%6.09%8.25%
Cost of Goods Sold
20.25M34.85M49.59M52.83M60.95M59.42M54.18M53.84M
COGS % of Revenue
33.01%35.32%39.43%33.52%30.25%26.21%22.53%-
Gross Profit
41.08M▲ 0%
63.83M▲ 55.4%
76.18M▲ 19.4%
104.79M▲ 37.6%
140.57M▲ 34.1%
167.29M▲ 19.0%
186.34M▲ 11.4%
193.21M▲ 0%
Gross Margin %
66.99%64.68%60.57%66.48%69.75%73.79%77.47%78.21%
Gross Profit Growth %
-55.37%19.36%37.55%34.15%19.01%11.38%-
Operating Expenses
42.89M57.31M142.11M154.71M155.17M157.19M168.23M168.65M
OpEx % of Revenue
69.93%58.07%112.99%98.15%77%69.33%69.94%-
Selling, General & Admin
30.87M37.8M95.41M96.15M93.13M102.29M102.64M101.59M
SG&A % of Revenue
50.33%38.31%75.86%61%46.22%45.12%42.67%-
Research & Development
12.69M19.04M45.19M57.2M60.12M53.62M63.89M66.07M
R&D % of Revenue
20.69%19.29%35.93%36.29%29.83%23.65%26.56%-
Other Operating Expenses
-665K462K1.51M1.36M1.92M1.27M1.7M982K
Operating Income
-1.81M▲ 0%
6.52M▲ 460.4%
-65.93M▼ 1111.3%
-49.92M▲ 24.3%
-14.6M▲ 70.7%
10.1M▲ 169.2%
18.11M▲ 79.2%
24.56M▲ 0%
Operating Margin %
-2.95%6.61%-52.42%-31.67%-7.25%4.46%7.53%9.94%
Operating Income Growth %
-460.36%-1111.34%24.28%70.75%169.19%79.23%-
EBITDA
717K8.92M-61.86M-45.3M-9.58M14.47M21.37M27.97M
EBITDA Margin %
1.17%9.04%-49.18%-28.74%-4.76%6.38%8.89%11.32%
EBITDA Growth %
-1143.93%-793.54%26.76%78.84%250.94%47.74%102.15%
D&A (Non-Cash Add-back)
2.53M2.4M4.07M4.62M5.02M4.36M3.26M3.41M
EBIT
-2.37M4.46M-69.2M-55.71M-10.01M10.03M22.48M26.41M
Net Interest Income
-2.17M-720K-526K1.52M23.18M12.74M0-2.03M
Interest Income
334K556K264K2.25M23.76M14.17M01.08M
Interest Expense
2.51M1.28M790K733K578K1.43M00
Other Income/Expense
-1.88M-3.06M-4.06M-6.53M4.01M-440K4.37M566K
Pretax Income
-3.69M▲ 0%
3.46M▲ 193.8%
-69.99M▼ 2121.0%
-56.44M▲ 19.3%
-10.59M▲ 81.2%
9.66M▲ 191.3%
22.48M▲ 132.7%
25.12M▲ 0%
Pretax Margin %
-6.02%3.51%-55.64%-35.81%-5.25%4.26%9.35%10.17%
Income Tax
883K4.29M-9.47M-4.03M3.11M-2.33M2.45M1.9M
Effective Tax Rate %
-23.91%123.82%13.53%7.13%-29.35%-24.13%10.91%7.58%
Net Income
-4.59M▲ 0%
-914K▲ 80.1%
-60.51M▼ 6520.5%
-52.42M▲ 13.4%
-13.69M▲ 73.9%
12M▲ 187.7%
20.01M▲ 66.8%
23.21M▲ 0%
Net Margin %
-7.49%-0.93%-48.11%-33.26%-6.79%5.29%8.32%9.4%
Net Income Growth %
-80.1%-6520.46%13.37%73.89%187.66%66.78%37.06%
Net Income (Continuing)
-4.58M-825K-60.51M-52.42M-13.69M11.99M20.03M23.22M
Discontinued Operations
00000000
Minority Interest
37K126K7K19K39K56K63K73K
EPS (Diluted)
-0.02▲ 0%
-0.00▲ 82.2%
-0.32▼ 7341.9%
-0.27▲ 15.6%
-0.07▲ 72.8%
0.06▲ 185.0%
0.11▲ 76.3%
0.14▲ 0%
EPS Growth %
-82.16%-15.63%72.81%185.01%76.28%60.03%
EPS (Basic)
-0.02-0.00-0.32-0.27-0.070.060.11-
Diluted Shares Outstanding
190.11M190.11M191.03M190.69M186.37M192.33M185.28M170.81M
Basic Shares Outstanding
190.11M190.11M191.03M190.69M186.37M185.04M185.28M170.81M
Dividend Payout Ratio
--------

VTEX Balance Sheet

Vtex (VTEX) balance sheet — assets, liabilities & shareholders' equity

MetricDec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Total Current Assets
65.92M108.73M349.52M287.16M266.25M284.59M267.5M260.3M
Cash & Short-Term Investments
44.26M76.95M298.2M238.56M209.41M214.81M192.1M193.71M
Cash Only
29.76M59.99M121.01M24.39M28.04M18.67M15.74M16.79M
Short-Term Investments
14.49M16.97M177.19M214.16M181.37M196.13M176.36M176.93M
Accounts Receivable
17.27M29M41.56M41.97M50.62M62.85M61.6M58.83M
Days Sales Outstanding
102.81107.27120.6297.1891.69101.1893.4890.55
Inventory
00000000
Days Inventory Outstanding
--------
Other Current Assets
2.89M397K1.84M2.48M1.08M1.82M8.74M7.75M
Total Non-Current Assets
31.77M31.28M65.45M70.52M74.89M82.19M79.13M80.02M
Property, Plant & Equipment
11.5M9.63M9.89M8.73M5.97M5.78M6M5.48M
Fixed Asset Turnover
5.33x10.25x12.71x18.06x33.73x39.21x40.11x39.78x
Goodwill
11.94M9.88M21.6M20.96M21.83M22.17M26.32M27.16M
Intangible Assets
6.44M5.21M12.05M10.24M8.19M6.82M7.95M7.65M
Long-Term Investments
58K525K621K1.15M3.12M9.65M9.65M48.29M
Other Non-Current Assets
500K3.86M8.72M11.72M15.85M18.72M29.21M13.29M
Total Assets
97.69M▲ 0%
140.01M▲ 43.3%
414.97M▲ 196.4%
357.67M▼ 13.8%
341.14M▼ 4.6%
366.78M▲ 7.5%
346.63M▼ 5.5%
340.32M▲ 0%
Asset Turnover
0.63x0.70x0.30x0.44x0.59x0.62x0.69x0.70x
Asset Growth %
-43.33%196.38%-13.81%-4.62%7.51%-5.49%-11.99%
Total Current Liabilities
29.24M47.06M58.89M62.02M77.24M80.97M87.96M83.9M
Accounts Payable
4.12M9.97M29.54M34.14M39.73M36.95M36.22M29.27M
Days Payables Outstanding
74.31104.45217.39235.84237.92226.99243.98242.01
Short-Term Debt
3.12M2.44M2.09M1.15M0001.51M
Deferred Revenue (Current)
8.16M14.17M16.6M20.33M25.95M32.52M0111.89M
Other Current Liabilities
5.19M11.5M266K3.82M1.49M1.99M42.85M8.38M
Current Ratio
2.25x2.31x5.94x4.63x3.45x3.51x3.04x3.10x
Quick Ratio
2.25x2.31x5.94x4.63x3.45x3.51x3.04x3.10x
Cash Conversion Cycle
--------151.46
Total Non-Current Liabilities
21.36M17.21M28.89M20.98M23.57M30.01M25.11M23.39M
Long-Term Debt
7.91M4.77M1.19M00000
Capital Lease Obligations
6.31M5.3M4.89M3.74M2.23M1.7M1.25M5.62M
Deferred Tax Liabilities
325K731K2.04M2.46M2.67M2.48M589K2.47M
Other Non-Current Liabilities
5.44M1.39M4.57M856K2.08M3.62M5.53M4.54M
Total Liabilities
50.6M64.26M87.78M83M100.81M110.98M113.07M107.29M
Total Debt
18.7M12.51M9.27M6.79M4.1M3.31M2.88M2.46M
Net Debt
-11.06M-47.47M-111.74M-17.61M-23.94M-15.36M-12.86M-14.32M
Debt / Equity
0.40x0.17x0.03x0.02x0.02x0.01x0.01x0.01x
Debt / EBITDA
26.09x1.40x---0.23x0.13x0.09x
Net Debt / EBITDA
-15.42x-5.32x----1.06x-0.60x-0.51x
Interest Coverage
-0.95x3.49x-87.59x-76.00x-17.32x7.02x--
Total Equity
47.09M▲ 0%
75.75M▲ 60.9%
327.19M▲ 331.9%
274.68M▼ 16.0%
240.33M▼ 12.5%
255.8M▲ 6.4%
233.56M▼ 8.7%
233.03M▲ 0%
Equity Growth %
-60.88%331.94%-16.05%-12.5%6.44%-8.7%-21.93%
Book Value per Share
0.250.401.711.441.291.331.261.36
Total Shareholders' Equity
47.05M75.62M327.18M274.66M240.29M255.75M233.5M232.96M
Common Stock
17K17K19K19K18K18K17K17K
Retained Earnings
-2.53M-3.44M-63.95M-116.37M-130.06M-118.06M-89.8M-85.74M
Treasury Stock
00000000
Accumulated OCI
49.56M79.05M391.12M391.01M370.33M373.79M1.31M2.83M
Minority Interest
37K126K7K19K39K56K63K73K

VTEX Cash Flow Statement

Vtex (VTEX) cash flow — operating, investing & free cash flow history

MetricDec'19Dec'20Dec'21Dec'22Dec'23Dec'24Dec'25TTM
Cash from Operations
2.07M11.16M-52.99M-29.22M4.26M27.26M33.37M40.03M
Operating CF Margin %
3.37%11.31%-42.13%-18.54%2.11%12.02%13.87%-
Operating CF Growth %
-440.15%-574.62%44.85%114.57%539.96%22.42%190.01%
Net Income
-4.58M-825K-60.51M-52.42M-13.69M11.99M20.01M23.21M
Depreciation & Amortization
2.53M2.4M4.07M4.62M5.02M4.36M3.26M3.41M
Stock-Based Compensation
744K2.8M9.22M12.2M19.69M15.55M0-9.74M
Deferred Taxes
-132K-616K-3.51M-6.03M1.25M-2.33M0-65K
Other Non-Cash Items
1.64M126K-2.75M7.66M-8.34M-651K8.2M20.6M
Working Capital Changes
1.86M7.28M489K4.75M326K-1.68M1.89M2.62M
Change in Receivables
-6.68M-10.1M-16.75M-3.58M-13.14M-26.16M446K8.16M
Change in Inventory
-57K-181K-2.51M05.66M000
Change in Payables
3.86M7.96M7.42M5.23M855K-227K0-2.04M
Cash from Investing
-19.2M-6.1M-166.78M-43.38M38.42M-20.01M24.8M11.05M
Capital Expenditures
-1.83M-1.65M-1.75M-340K-472K-2.07M-1.04M-1.54M
CapEx % of Revenue
2.98%1.67%1.39%0.22%0.23%0.91%0.43%0.62%
Acquisitions
-3.1M-3.65M-5.71M-1.69M0-1.89M-3.69M-15K
Investments
--------
Other Investing
100K1.04M588K1.26M3.24M691K29.53M15.85M
Cash from Financing
43.51M24.96M283.68M-19.58M-38.43M-14.03M-61.59M-55.92M
Debt Issued (Net)
5.78M-3.35M-11.8M-3.91M-2.81M-1.69M-47K-744
Equity Issued (Net)
40M27.62M294.89M-12.8M-35.24M-11.2M-59.11M-53.76M
Dividends Paid
-1.37M0000000
Share Repurchases
0-129.03M-2.42M-12.8M-35.24M-11.2M-59.11M-53.77M
Other Financing
-905K689K587K-2.87M-375K-1.15M-2.43M-2.16M
Net Change in Cash
24.25M▲ 0%
28.8M▲ 18.7%
62.45M▲ 116.9%
-96.61M▼ 254.7%
3.64M▲ 103.8%
-9.36M▼ 357.1%
-2.93M▲ 68.7%
-4.3M▲ 0%
Free Cash Flow
239K▲ 0%
9.52M▲ 3882.0%
-54.74M▼ 675.2%
-29.56M▲ 46.0%
3.79M▲ 112.8%
25.19M▲ 565.1%
32.33M▲ 28.4%
38.97M▲ 0%
FCF Margin %
0.39%9.64%-43.52%-18.76%1.88%11.11%13.44%15.78%
FCF Growth %
-3882.01%-675.2%46%112.81%565.09%28.35%28.8%
FCF per Share
0.000.05-0.29-0.160.020.130.170.23
FCF Conversion (FCF/Net Income)
-0.45x-12.22x0.88x0.56x-0.31x2.27x1.67x1.68x
Interest Paid
00000000
Taxes Paid
00000000

VTEX Key Ratios

Vtex (VTEX) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios

Metric202020212022202320242025TTM
Return on Equity (ROE)
-1.49%-30.04%-17.42%-5.32%4.84%8.18%9.68%
Return on Invested Capital (ROIC)
15.21%-40.58%-15.85%-4.63%3.32%5.89%8.21%
Gross Margin
64.68%60.57%66.48%69.75%73.79%77.47%78.21%
Net Margin
-0.93%-48.11%-33.26%-6.79%5.29%8.32%9.4%
Debt / Equity
0.17x0.03x0.02x0.02x0.01x0.01x0.01x
Interest Coverage
3.49x-87.59x-76.00x-17.32x7.02x--
FCF Conversion
-12.22x0.88x0.56x-0.31x2.27x1.67x1.68x
Revenue Growth
60.9%27.46%25.32%27.85%12.5%6.09%8.25%
Related:VTEX Dividend History·VTEX Revenue History·VTEX Price History·VTEX P/E History·VTEX Financial Ratios·VTEX Institutional Holders

VTEX Frequently Asked Questions

Vtex (VTEX) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials

Vtex (VTEX) reported $247.0M in revenue for fiscal year 2025. This represents a 303% increase from $61.3M in 2019.

Vtex (VTEX) grew revenue by 6.1% over the past year. This is steady growth.

Yes, Vtex (VTEX) is profitable, generating $23.2M in net income for fiscal year 2025 (8.3% net margin).

Dividend & Returns

Vtex (VTEX) has a return on equity (ROE) of 8.2%. This is below average, suggesting room for improvement.

Vtex (VTEX) generated $39.0M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in VTEX back in 2019?

Total return calculator · dividends reinvested · 7+ years of data

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How much would $100/month in VTEX be worth today?

Dollar cost averaging calculator · DCA vs lump sum

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