Vtex(VTEX)Earnings, Financials & Key Ratios
VTEX•NYSE
$3.84
$690M mkt cap·34.9× P/E·Price updated May 6, 2026
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%
- ROIC5.89%+77.6%
- Debt/Equity0.01-4.6%
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.
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%
TTM6.1%
Profit CAGR
10 Years-
5 Years-
3 Years-
TTM31.45%
EPS CAGR
10 Years-
5 Years-
3 Years-
TTM75.28%
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
●Beat EPS 2/12 qtrs (17%)●Beat Revenue 2/12 qtrs (17%)
Q1 2026Latest
Feb 26, 2026EPS
$0.05
Est $0.05
+0.0%
Revenue
$68M
Est $68M
-0.0%
Q4 2025
Nov 6, 2025EPS
$0.03
Est $0.03
+0.0%
Revenue
$60M
Est $68M
-12.3%
Q3 2025
Aug 7, 2025EPS
$0.02
Est $0.02
+0.0%
Revenue
$59M
Est $62M
-5.5%
Q2 2025
May 6, 2025EPS
$0.01
Est $0.02
-44.4%
Revenue
$54M
Est $61M
-11.7%
| Quarter | Date | EPS (Act vs Est) | Revenue (Act vs Est) |
|---|---|---|---|
| Q1 2026Latest | Feb 26, 2026 | $0.05vs $0.05+0.0% | $68Mvs $68M-0.0% |
| Q4 2025 | Nov 6, 2025 | $0.03vs $0.03+0.0% | $60Mvs $68M-12.3% |
| Q3 2025 | Aug 7, 2025 | $0.02vs $0.02+0.0% | $59Mvs $62M-5.5% |
| Q2 2025 | May 6, 2025 | $0.01vs $0.02-44.4% | $54Mvs $61M-11.7% |
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
| Company | Market Cap | Stock Price | P/E Ratio (TTM) | Revenue Growth 1Y | Net Margin | Return on Equity (ROE) | FCF Yield | Debt / Equity |
|---|---|---|---|---|---|---|---|---|
 SHOP | 139.72B | 107.62 | 114.48 | 30.14% | 14.48% | 10.52% | 1.44% | 0.01 |
 WIX | 4.23B | 77.03 | 87.53 | 13.2% | 2.54% | 13.59% | ||
 CART | 11.61B | 43.74 | 27.68 | 11.05% | 14.15% | 14.08% | 5.36% | 0.01 |
 MELI | 92.11B | 1816.80 | 46.12 | 39.06% | 6.91% | 29.59% | 11.7% | 1.69 |
 EBAY | 48.11B | 105.27 | 24.26 | 7.95% | 17.58% | 44.12% | 3.45% | 1.60 |
 PYPL | 42.76B | 46.48 | 8.59 | 4.32% | 15.78% | 25.08% | 13.01% | 0.49 |
 GDDY | 11.67B | 87.49 | 14.04 | 8.26% | 17.32% | 366.9% | 13.5% | 17.96 |
 AMZN | 2.94T | 273.52 | 38.15 | 12.38% | 12.22% | 23.34% | 0.26% | 0.37 |
Compare VTEX vs Peers
Vtex (VTEX) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.
VTEX Income Statement
Vtex (VTEX) annual income statement — 10-year revenue, gross profit & net income history
10Y historyFree accessUpdated daily
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|
| Sales/Revenue | 61.33M | 98.68M | 125.77M | 157.62M | 201.52M | 226.71M | 240.52M |
| Revenue Growth % | - | 60.9% | 27.46% | 25.32% | 27.85% | 12.5% | 6.09% |
| Cost of Goods Sold | 20.25M | 34.85M | 49.59M | 52.83M | 60.95M | 59.42M | 54.18M |
| 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% |
| Gross Margin % | 66.99% | 64.68% | 60.57% | 66.48% | 69.75% | 73.79% | 77.47% |
| Gross Profit Growth % | - | 55.37% | 19.36% | 37.55% | 34.15% | 19.01% | 11.38% |
| Operating Expenses | 42.89M | 57.31M | 142.11M | 154.71M | 155.17M | 157.19M | 168.23M |
| OpEx % of Revenue | 69.93% | 58.07% | 112.99% | 98.15% | 77% | 69.33% | 69.94% |
| Selling, General & Admin | 30.87M | 37.8M | 95.41M | 96.15M | 93.13M | 102.29M | 102.64M |
| SG&A % of Revenue | 50.33% | 38.31% | 75.86% | 61% | 46.22% | 45.12% | 42.67% |
| Research & Development | 12.69M | 19.04M | 45.19M | 57.2M | 60.12M | 53.62M | 63.89M |
| R&D % of Revenue | 20.69% | 19.29% | 35.93% | 36.29% | 29.83% | 23.65% | 26.56% |
| Other Operating Expenses | -665K | 462K | 1.51M | 1.36M | 1.92M | 1.27M | 1.7M |
| 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% |
| Operating Margin % | -2.95% | 6.61% | -52.42% | -31.67% | -7.25% | 4.46% | 7.53% |
| Operating Income Growth % | - | 460.36% | -1111.34% | 24.28% | 70.75% | 169.19% | 79.23% |
| EBITDA | 717K | 8.92M | -61.86M | -45.3M | -9.58M | 14.47M | 21.37M |
| EBITDA Margin % | 1.17% | 9.04% | -49.18% | -28.74% | -4.76% | 6.38% | 8.89% |
| EBITDA Growth % | - | 1143.93% | -793.54% | 26.76% | 78.84% | 250.94% | 47.74% |
| D&A (Non-Cash Add-back) | 2.53M | 2.4M | 4.07M | 4.62M | 5.02M | 4.36M | 3.26M |
| EBIT | -2.37M | 4.46M | -69.2M | -55.71M | -10.01M | 10.03M | 22.48M |
| Net Interest Income | -2.17M | -720K | -526K | 1.52M | 23.18M | 12.74M | 0 |
| Interest Income | 334K | 556K | 264K | 2.25M | 23.76M | 14.17M | 0 |
| Interest Expense | 2.51M | 1.28M | 790K | 733K | 578K | 1.43M | 0 |
| Other Income/Expense | -1.88M | -3.06M | -4.06M | -6.53M | 4.01M | -440K | 4.37M |
| 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% |
| Pretax Margin % | -6.02% | 3.51% | -55.64% | -35.81% | -5.25% | 4.26% | 9.35% |
| Income Tax | 883K | 4.29M | -9.47M | -4.03M | 3.11M | -2.33M | 2.45M |
| Effective Tax Rate % | -23.91% | 123.82% | 13.53% | 7.13% | -29.35% | -24.13% | 10.91% |
| 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% |
| Net Margin % | -7.49% | -0.93% | -48.11% | -33.26% | -6.79% | 5.29% | 8.32% |
| Net Income Growth % | - | 80.1% | -6520.46% | 13.37% | 73.89% | 187.66% | 66.78% |
| Net Income (Continuing) | -4.58M | -825K | -60.51M | -52.42M | -13.69M | 11.99M | 20.03M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 37K | 126K | 7K | 19K | 39K | 56K | 63K |
| 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% |
| EPS Growth % | - | 82.16% | - | 15.63% | 72.81% | 185.01% | 76.28% |
| EPS (Basic) | -0.02 | -0.00 | -0.32 | -0.27 | -0.07 | 0.06 | 0.11 |
| Diluted Shares Outstanding | 190.11M | 190.11M | 191.03M | 190.69M | 186.37M | 192.33M | 185.28M |
| Basic Shares Outstanding | 190.11M | 190.11M | 191.03M | 190.69M | 186.37M | 185.04M | 185.28M |
| Dividend Payout Ratio | - | - | - | - | - | - | - |
VTEX Balance Sheet
Vtex (VTEX) balance sheet — assets, liabilities & shareholders' equity
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|
| Total Current Assets | 65.92M | 108.73M | 349.52M | 287.16M | 266.25M | 284.59M | 267.5M |
| Cash & Short-Term Investments | 44.26M | 76.95M | 298.2M | 238.56M | 209.41M | 214.81M | 192.1M |
| Cash Only | 29.76M | 59.99M | 121.01M | 24.39M | 28.04M | 18.67M | 15.74M |
| Short-Term Investments | 14.49M | 16.97M | 177.19M | 214.16M | 181.37M | 196.13M | 176.36M |
| Accounts Receivable | 17.27M | 29M | 41.56M | 41.97M | 50.62M | 62.85M | 61.6M |
| Days Sales Outstanding | 102.81 | 107.27 | 120.62 | 97.18 | 91.69 | 101.18 | 93.48 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - |
| Other Current Assets | 2.89M | 397K | 1.84M | 2.48M | 1.08M | 1.82M | 8.74M |
| Total Non-Current Assets | 31.77M | 31.28M | 65.45M | 70.52M | 74.89M | 82.19M | 79.13M |
| Property, Plant & Equipment | 11.5M | 9.63M | 9.89M | 8.73M | 5.97M | 5.78M | 6M |
| Fixed Asset Turnover | 5.33x | 10.25x | 12.71x | 18.06x | 33.73x | 39.21x | 40.11x |
| Goodwill | 11.94M | 9.88M | 21.6M | 20.96M | 21.83M | 22.17M | 26.32M |
| Intangible Assets | 6.44M | 5.21M | 12.05M | 10.24M | 8.19M | 6.82M | 7.95M |
| Long-Term Investments | 58K | 525K | 621K | 1.15M | 3.12M | 9.65M | 9.65M |
| Other Non-Current Assets | 500K | 3.86M | 8.72M | 11.72M | 15.85M | 18.72M | 29.21M |
| 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% |
| Asset Turnover | 0.63x | 0.70x | 0.30x | 0.44x | 0.59x | 0.62x | 0.69x |
| Asset Growth % | - | 43.33% | 196.38% | -13.81% | -4.62% | 7.51% | -5.49% |
| Total Current Liabilities | 29.24M | 47.06M | 58.89M | 62.02M | 77.24M | 80.97M | 87.96M |
| Accounts Payable | 4.12M | 9.97M | 29.54M | 34.14M | 39.73M | 36.95M | 36.22M |
| Days Payables Outstanding | 74.31 | 104.45 | 217.39 | 235.84 | 237.92 | 226.99 | 243.98 |
| Short-Term Debt | 3.12M | 2.44M | 2.09M | 1.15M | 0 | 0 | 0 |
| Deferred Revenue (Current) | 8.16M | 14.17M | 16.6M | 20.33M | 25.95M | 32.52M | 0 |
| Other Current Liabilities | 5.19M | 11.5M | 266K | 3.82M | 1.49M | 1.99M | 42.85M |
| Current Ratio | 2.25x | 2.31x | 5.94x | 4.63x | 3.45x | 3.51x | 3.04x |
| Quick Ratio | 2.25x | 2.31x | 5.94x | 4.63x | 3.45x | 3.51x | 3.04x |
| Cash Conversion Cycle | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 21.36M | 17.21M | 28.89M | 20.98M | 23.57M | 30.01M | 25.11M |
| Long-Term Debt | 7.91M | 4.77M | 1.19M | 0 | 0 | 0 | 0 |
| Capital Lease Obligations | 6.31M | 5.3M | 4.89M | 3.74M | 2.23M | 1.7M | 1.25M |
| Deferred Tax Liabilities | 325K | 731K | 2.04M | 2.46M | 2.67M | 2.48M | 589K |
| Other Non-Current Liabilities | 5.44M | 1.39M | 4.57M | 856K | 2.08M | 3.62M | 5.53M |
| Total Liabilities | 50.6M | 64.26M | 87.78M | 83M | 100.81M | 110.98M | 113.07M |
| Total Debt | 18.7M | 12.51M | 9.27M | 6.79M | 4.1M | 3.31M | 2.88M |
| Net Debt | -11.06M | -47.47M | -111.74M | -17.61M | -23.94M | -15.36M | -12.86M |
| Debt / Equity | 0.40x | 0.17x | 0.03x | 0.02x | 0.02x | 0.01x | 0.01x |
| Debt / EBITDA | 26.09x | 1.40x | - | - | - | 0.23x | 0.13x |
| Net Debt / EBITDA | -15.42x | -5.32x | - | - | - | -1.06x | -0.60x |
| Interest Coverage | -0.95x | 3.49x | -87.59x | -76.00x | -17.32x | 7.02x | - |
| 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% |
| Equity Growth % | - | 60.88% | 331.94% | -16.05% | -12.5% | 6.44% | -8.7% |
| Book Value per Share | 0.25 | 0.40 | 1.71 | 1.44 | 1.29 | 1.33 | 1.26 |
| Total Shareholders' Equity | 47.05M | 75.62M | 327.18M | 274.66M | 240.29M | 255.75M | 233.5M |
| Common Stock | 17K | 17K | 19K | 19K | 18K | 18K | 17K |
| Retained Earnings | -2.53M | -3.44M | -63.95M | -116.37M | -130.06M | -118.06M | -89.8M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 49.56M | 79.05M | 391.12M | 391.01M | 370.33M | 373.79M | 1.31M |
| Minority Interest | 37K | 126K | 7K | 19K | 39K | 56K | 63K |
VTEX Cash Flow Statement
Vtex (VTEX) cash flow — operating, investing & free cash flow history
| Line item | Dec'19 | Dec'20 | Dec'21 | Dec'22 | Dec'23 | Dec'24 | Dec'25 |
|---|---|---|---|---|---|---|---|
| Cash from Operations | 2.07M | 11.16M | -52.99M | -29.22M | 4.26M | 27.26M | 33.37M |
| 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% |
| Net Income | -4.58M | -825K | -60.51M | -52.42M | -13.69M | 11.99M | 20.01M |
| Depreciation & Amortization | 2.53M | 2.4M | 4.07M | 4.62M | 5.02M | 4.36M | 3.26M |
| Stock-Based Compensation | 744K | 2.8M | 9.22M | 12.2M | 19.69M | 15.55M | 0 |
| Deferred Taxes | -132K | -616K | -3.51M | -6.03M | 1.25M | -2.33M | 0 |
| Other Non-Cash Items | 1.64M | 126K | -2.75M | 7.66M | -8.34M | -651K | 8.2M |
| Working Capital Changes | 1.86M | 7.28M | 489K | 4.75M | 326K | -1.68M | 1.89M |
| Change in Receivables | -6.68M | -10.1M | -16.75M | -3.58M | -13.14M | -26.16M | 446K |
| Change in Inventory | -57K | -181K | -2.51M | 0 | 5.66M | 0 | 0 |
| Change in Payables | 3.86M | 7.96M | 7.42M | 5.23M | 855K | -227K | 0 |
| Cash from Investing | -19.2M | -6.1M | -166.78M | -43.38M | 38.42M | -20.01M | 24.8M |
| Capital Expenditures | -1.83M | -1.65M | -1.75M | -340K | -472K | -2.07M | -1.04M |
| CapEx % of Revenue | 2.98% | 1.67% | 1.39% | 0.22% | 0.23% | 0.91% | 0.43% |
| Acquisitions | -3.1M | -3.65M | -5.71M | -1.69M | 0 | -1.89M | -3.69M |
| Investments | - | - | - | - | - | - | - |
| Other Investing | 100K | 1.04M | 588K | 1.26M | 3.24M | 691K | 29.53M |
| Cash from Financing | 43.51M | 24.96M | 283.68M | -19.58M | -38.43M | -14.03M | -61.59M |
| Debt Issued (Net) | 5.78M | -3.35M | -11.8M | -3.91M | -2.81M | -1.69M | -47K |
| Equity Issued (Net) | 40M | 27.62M | 294.89M | -12.8M | -35.24M | -11.2M | -59.11M |
| Dividends Paid | -1.37M | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | 0 | -129.03M | -2.42M | -12.8M | -35.24M | -11.2M | -59.11M |
| Other Financing | -905K | 689K | 587K | -2.87M | -375K | -1.15M | -2.43M |
| 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% |
| 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% |
| FCF Margin % | 0.39% | 9.64% | -43.52% | -18.76% | 1.88% | 11.11% | 13.44% |
| FCF Growth % | - | 3882.01% | -675.2% | 46% | 112.81% | 565.09% | 28.35% |
| FCF per Share | 0.00 | 0.05 | -0.29 | -0.16 | 0.02 | 0.13 | 0.17 |
| FCF Conversion (FCF/Net Income) | -0.45x | -12.22x | 0.88x | 0.56x | -0.31x | 2.27x | 1.67x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
VTEX Key Ratios
Vtex (VTEX) financial ratios — P/E, ROE, debt and 30+ core market and balance-sheet ratios
| Metric | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|
| Return on Equity (ROE) | -9.75% | -1.49% | -30.04% | -17.42% | -5.32% | 4.84% | 8.18% |
| Return on Invested Capital (ROIC) | -3.77% | 15.21% | -40.58% | -15.85% | -4.63% | 3.32% | 5.89% |
| Gross Margin | 66.99% | 64.68% | 60.57% | 66.48% | 69.75% | 73.79% | 77.47% |
| Net Margin | -7.49% | -0.93% | -48.11% | -33.26% | -6.79% | 5.29% | 8.32% |
| Debt / Equity | 0.40x | 0.17x | 0.03x | 0.02x | 0.02x | 0.01x | 0.01x |
| Interest Coverage | -0.95x | 3.49x | -87.59x | -76.00x | -17.32x | 7.02x | - |
| FCF Conversion | -0.45x | -12.22x | 0.88x | 0.56x | -0.31x | 2.27x | 1.67x |
| Revenue Growth | - | 60.9% | 27.46% | 25.32% | 27.85% | 12.5% | 6.09% |
VTEX Frequently Asked Questions
Vtex (VTEX) stock FAQ — growth, dividends, profitability & financials explained
Growth & Financials
Vtex (VTEX) reported $240.5M in revenue for fiscal year 2025. This represents a 292% 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 $20.0M 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 $32.3M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.
Explore More VTEX
Vtex (VTEX) financial analysis — history, returns, DCA and operating performance tools
Total Return Calculator
Historical returns with dividends reinvested
DCA Calculator
Dollar cost averaging vs lump sum
Dividend History
Yield, growth, payout safety & DRIP
Earnings History
EPS trends, net income & profitability
Price History
Long-term charts & historical price data
Revenue History
Sales growth patterns & revenue breakdown
Financial Ratios
30 years of market, efficiency and balance-sheet ratios
Valuation
DCF intrinsic value, peer multiples & estimates