The company maintains a conservative debt profile with a D/E ratio of 0.01, though the $85.7M accumulated deficit in retained earnings highlights the long-term cost of historical growth strategies.
| Total Current Assets | 260.3M | 267.5M | 284.59M | 266.25M | 287.16M | 349.52M | 108.73M | 65.92M |
| Cash & Short-Term Investments | 193.71M | 192.1M | 214.81M | 209.41M | 238.56M | 298.2M | 76.95M | 44.26M |
| Cash Only | 16.79M | 15.74M | 18.67M | 28.04M | 24.39M | 121.01M | 59.99M | 29.76M |
| Short-Term Investments | 176.93M | 176.36M | 196.13M | 181.37M | 214.16M | 177.19M | 16.97M | 14.49M |
| Accounts Receivable | 58.83M | 61.6M | 62.85M | 50.62M | 41.97M | 41.56M | 29M | 17.27M |
| Days Sales Outstanding | 90.55 | 93.48 | 101.18 | 91.69 | 97.18 | 120.62 | 107.27 | 102.81 |
| Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Days Inventory Outstanding | - | - | - | - | - | - | - | - |
| Other Current Assets | 7.75M | 8.74M | 1.82M | 1.08M | 2.48M | 1.84M | 397K | 2.89M |
| Total Non-Current Assets | 80.02M | 79.13M | 82.19M | 74.89M | 70.52M | 65.45M | 31.28M | 31.77M |
| Property, Plant & Equipment | 5.48M | 6M | 5.78M | 5.97M | 8.73M | 9.89M | 9.63M | 11.5M |
| Fixed Asset Turnover | 39.78x | 40.11x | 39.21x | 33.73x | 18.06x | 12.71x | 10.25x | 5.33x |
| Goodwill | 27.16M | 26.32M | 22.17M | 21.83M | 20.96M | 21.6M | 9.88M | 11.94M |
| Intangible Assets | 7.65M | 7.95M | 6.82M | 8.19M | 10.24M | 12.05M | 5.21M | 6.44M |
| Long-Term Investments | 48.29M | 9.65M | 9.65M | 3.12M | 1.15M | 621K | 525K | 58K |
| Other Non-Current Assets | 13.29M | 29.21M | 18.72M | 15.85M | 11.72M | 8.72M | 3.86M | 500K |
| Total Assets | 340.32M | 346.63M | 366.78M | 341.14M | 357.67M | 414.97M | 140.01M | 97.69M |
| Asset Turnover | 0.70x | 0.69x | 0.62x | 0.59x | 0.44x | 0.30x | 0.70x | 0.63x |
| Asset Growth % | -11.99% | -5.49% | 7.51% | -4.62% | -13.81% | 196.38% | 43.33% | - |
| Total Current Liabilities | 83.9M | 87.96M | 80.97M | 77.24M | 62.02M | 58.89M | 47.06M | 29.24M |
| Accounts Payable | 29.27M | 36.22M | 36.95M | 39.73M | 34.14M | 29.54M | 9.97M | 4.12M |
| Days Payables Outstanding | 242.01 | 243.98 | 226.99 | 237.92 | 235.84 | 217.39 | 104.45 | 74.31 |
| Short-Term Debt | 1.51M | 0 | 0 | 0 | 1.15M | 2.09M | 2.44M | 3.12M |
| Deferred Revenue (Current) | 111.89M | 0 | 32.52M | 25.95M | 20.33M | 16.6M | 14.17M | 8.16M |
| Other Current Liabilities | 8.38M | 42.85M | 1.99M | 1.49M | 3.82M | 266K | 11.5M | 5.19M |
| Current Ratio | 3.10x | 3.04x | 3.51x | 3.45x | 4.63x | 5.94x | 2.31x | 2.25x |
| Quick Ratio | 3.10x | 3.04x | 3.51x | 3.45x | 4.63x | 5.94x | 2.31x | 2.25x |
| Cash Conversion Cycle | -151.46 | - | - | - | - | - | - | - |
| Total Non-Current Liabilities | 23.39M | 25.11M | 30.01M | 23.57M | 20.98M | 28.89M | 17.21M | 21.36M |
| Long-Term Debt | 0 | 0 | 0 | 0 | 0 | 1.19M | 4.77M | 7.91M |
| Capital Lease Obligations | 5.62M | 1.25M | 1.7M | 2.23M | 3.74M | 4.89M | 5.3M | 6.31M |
| Deferred Tax Liabilities | 2.47M | 589K | 2.48M | 2.67M | 2.46M | 2.04M | 731K | 325K |
| Other Non-Current Liabilities | 4.54M | 5.53M | 3.62M | 2.08M | 856K | 4.57M | 1.39M | 5.44M |
| Total Liabilities | 107.29M | 113.07M | 110.98M | 100.81M | 83M | 87.78M | 64.26M | 50.6M |
| Total Debt | 2.46M | 2.88M | 3.31M | 4.1M | 6.79M | 9.27M | 12.51M | 18.7M |
| Net Debt | -14.32M | -12.86M | -15.36M | -23.94M | -17.61M | -111.74M | -47.47M | -11.06M |
| Debt / Equity | 0.01x | 0.01x | 0.01x | 0.02x | 0.02x | 0.03x | 0.17x | 0.40x |
| Debt / EBITDA | 0.09x | 0.13x | 0.23x | - | - | - | 1.40x | 26.09x |
| Net Debt / EBITDA | -0.51x | -0.60x | -1.06x | - | - | - | -5.32x | -15.42x |
| Interest Coverage | - | - | 7.02x | -17.32x | -76.00x | -87.59x | 3.49x | -0.95x |
| Total Equity | 233.03M | 233.56M | 255.8M | 240.33M | 274.68M | 327.19M | 75.75M | 47.09M |
| Equity Growth % | -21.93% | -8.7% | 6.44% | -12.5% | -16.05% | 331.94% | 60.88% | - |
| Book Value per Share | 1.36 | 1.26 | 1.33 | 1.29 | 1.44 | 1.71 | 0.40 | 0.25 |
| Total Shareholders' Equity | 232.96M | 233.5M | 255.75M | 240.29M | 274.66M | 327.18M | 75.62M | 47.05M |
| Common Stock | 17K | 17K | 18K | 18K | 19K | 19K | 17K | 17K |
| Retained Earnings | -85.74M | -89.8M | -118.06M | -130.06M | -116.37M | -63.95M | -3.44M | -2.53M |
| Treasury Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accumulated OCI | 2.83M | 1.31M | 373.79M | 370.33M | 391.01M | 391.12M | 79.05M | 49.56M |
| Minority Interest | 73K | 63K | 56K | 39K | 19K | 7K | 126K | 37K |
Thin Liquidity and Macro Sensitivity
According to recent balance sheet data, VTEX has maintained a relatively stable total asset base of approximately $340.3M as of 2026Q1, though the persistent negative retained earnings balance of $85.7M suggests that historical capital accumulation remains challenged despite the company's recent pivot toward operational profitability.
The stagnation in total assets over the last ten quarters indicates a lack of aggressive capital reinvestment, which aligns with the company's shift toward a more disciplined, self-funding model. Investors should monitor whether this capital preservation strategy limits the firm's ability to capture market share in non-core geographies.
Based on reported figures, VTEX's cash and equivalents have declined to $16.8M in 2026Q1 from a peak of $28.0M in 2023Q4, representing a thin liquidity buffer that may constrain the company's ability to navigate regional macroeconomic volatility or fund unexpected operational requirements without external financing.
While the current ratio remains healthy at 3.10, the absolute cash position is low relative to the company's scale and ongoing operational needs. This liquidity profile suggests that management has limited room for error, particularly if the variable GMV-linked revenue streams face further pressure from regional retail cycles.
As evidenced by the company's financial statements, the equity base of $233.0M is heavily impacted by a cumulative deficit in retained earnings of $85.7M, which highlights the long-term cost of the company's historical growth-at-all-costs strategy before its recent transition to positive net margins.
The persistence of this deficit suggests that while the company is now generating positive earnings, it will take significant time to repair the balance sheet's equity structure. Shareholders should consider whether the current pace of earnings improvement is sufficient to offset the historical capital erosion.
As reported in recent filings, the company's decision to prioritize share repurchases, such as the $9.7M outflow in 2026Q1, appears aggressive given the reported cash balance of only $16.8M, potentially signaling a management preference for capital return over maintaining a robust liquidity buffer for future contingencies.
This capital allocation strategy warrants further investigation, as it may prioritize short-term shareholder sentiment over the long-term stability of the balance sheet. Investors should monitor if this trend continues, as it could leave the company vulnerable to liquidity shocks in the event of a regional downturn.
Quick answers to the most common questions about buying VTEX stock.
As of 2025, Vtex (VTEX) had total assets of $346.6M including $267.5M in current assets.
Vtex (VTEX) carries total debt of $2.9M, offset by $192.1M in cash and short-term investments. Comparing total debt to cash helps evaluate the company's debt burden and net leverage.
Vtex (VTEX) has total shareholders' equity (book value) of $233.5M ($1.26 book value per share). Book value represents the net worth of the company belonging to common stock holders.
Vtex (VTEX) reported a current ratio of 3.04x. A current ratio above 1.0x indicates that the company has more current assets than current liabilities, suggesting sufficient short-term liquidity.