VTEX
VTEX
3.89
+0.05
+1.30%
VTEX
US · VTEX
#3591 by market cap
Listed 2021
3.89
+0.05
+1.30%
Live - 5344 symbols - heartbeat 195s ago
· 2026-10-08 09:55
Pre-market
3.88
+1.04%
After-hours
3.84
0.00%
- Market cap
- 643.14M
- P/E (TTM)i
- 23.15
- P/Bi
- 2.87
- EPSi
- 0.11
- Div yieldi
- 0.00%
- 52W posi
- 59%
Reader sentiment
Are you bullish or bearish on VTEX?
Anonymous reader poll. Unscientific, not investment advice.
✦ Quant Financial Health how this is computed
Good
- Altman Z-Score is 4.54, above the 3.0 "safe zone" threshold.
- Most reliable for industrial/manufacturing companies; less meaningful for banks, insurers and other financials.
Revenue annual, last 8 years
Latest year +6.11% YoY
Margins
- Gross margin
- 77.47%
- Operating margin
- 7.53%
- Net margin
- 8.32%
Key ratios & quality
- Altman Z-Scorei
- 4.54
Altman Z-Score below ~1.8 suggests financial distress risk, above ~3.0 suggests low risk; the model is most reliable for industrial/manufacturing companies and less meaningful for banks and other financial firms.
Income statement
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | -- | 61.33M | 98.68M | 125.77M | 157.62M | 200.83M | 226.66M | 240.52M |
| Gross profit | -- | 41.08M | 63.83M | 76.18M | 104.79M | 139.85M | 166.96M | 186.34M |
| Selling & admin expenses | -- | 30.87M | 37.81M | 95.41M | 96.15M | 91.77M | 102.88M | 102.64M |
| Research & development | -- | 12.69M | 19.04M | 45.19M | 57.21M | 60.21M | 55.41M | 63.89M |
| Operating profit | -- | -1.81M | 6.52M | -65.93M | -49.92M | -14.05M | 7.39M | 18.11M |
| Pretax profit | -- | -3.69M | 3.46M | -69.99M | -56.44M | -12.47M | 13.27M | 22.48M |
| Tax | -- | 883.00K | 4.29M | -9.47M | -4.03M | 3.39M | -2.54M | 2.45M |
| Net profit | -- | -4.58M | -825.00K | -60.51M | -52.42M | -15.86M | 15.81M | 20.03M |
| Basic EPS | -- | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Diluted EPS | -- | -0.02 | 0.00 | -0.33 | -0.28 | -0.09 | 0.08 | 0.11 |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Revenue | 54.17M | 58.79M | 59.61M | 67.95M | 60.70M | 64.39M |
| Gross profit | 40.98M | 45.28M | 46.08M | 54.00M | 48.45M | 51.71M |
| Selling & admin expenses | 25.88M | 26.47M | 24.84M | 25.45M | 24.95M | 24.24M |
| Research & development | 14.87M | 15.42M | 16.73M | 16.88M | 17.25M | 17.93M |
| Operating profit | -197.00K | 2.91M | 4.17M | 11.22M | 5.84M | 9.66M |
| Pretax profit | 1.44M | 3.80M | 6.38M | 10.86M | 4.08M | 11.33M |
| Tax | 579.00K | 815.00K | 14.00K | 1.05M | 31.00K | 1.30M |
| Net profit | 861.00K | 2.99M | 6.36M | 9.82M | 4.05M | 10.03M |
| Basic EPS | 0 | 0 | 0 | 0 | 0 | 0 |
| Diluted EPS | 0.01 | 0.02 | 0.03 | 0.05 | 0.02 | 0.06 |
Balance sheet
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Total current assets | 18.38M | 65.92M | 108.73M | 349.52M | 287.16M | 266.25M | 284.59M | 267.51M |
| Cash & ST investments | 5.51M | 44.26M | 75.53M | 298.20M | 238.56M | 209.41M | 214.81M | 192.10M |
| Inventory | -- | -- | -- | -- | -- | -- | -- | -- |
| Total assets | 36.29M | 97.69M | 140.01M | 414.97M | 357.67M | 341.15M | 362.11M | 346.63M |
| Total current liabilities | 12.76M | 29.24M | 47.06M | 58.89M | 62.02M | 77.24M | 80.02M | 87.96M |
| Short-term debt | 1.42M | 4.49M | 2.44M | 3.19M | 3.05M | 1.86M | 1.62M | 1.64M |
| Long-term debt | 4.09M | 7.91M | 4.77M | 1.19M | -- | -- | -- | -- |
| Total liabilities | 25,996,000.00 | 50,600,000.00 | 64,263,000.00 | 87,781,000.00 | 82,996,000.00 | 100,813,000.00 | 107,960,000.00 | 113,073,000.00 |
| Total equity | 10.30M | 47.09M | 75.75M | 327.19M | 274.68M | 240.33M | 254.15M | 233.56M |
| Retained earnings | -7.59M | -2.53M | -3.44M | -63.96M | -116.37M | -130.06M | -109.81M | -89.80M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Total current assets | 275.49M | 283.84M | 272.03M | 267.51M | 262.44M | 258.44M |
| Cash & ST investments | 205.28M | 210.79M | 202.54M | 192.10M | 193.71M | 185.96M |
| Inventory | -- | -- | -- | -- | -- | -- |
| Total assets | 355.71M | 365.57M | 354.39M | 346.63M | 340.32M | 340.46M |
| Total current liabilities | 81.18M | 85.80M | 87.84M | 87.96M | 83.90M | 88.75M |
| Short-term debt | 1.75M | 1.99M | 1.86M | 1.64M | 1.51M | 2.12M |
| Long-term debt | -- | -- | -- | -- | -- | -- |
| Total liabilities | 109,817,000.00 | 115,310,000.00 | 112,434,000.00 | 113,073,000.00 | 107,290,000.00 | 116,506,000.00 |
| Total equity | 245.89M | 250.26M | 241.96M | 233.56M | 233.03M | 223.96M |
| Retained earnings | -108.96M | -105.96M | -99.61M | -89.80M | -85.74M | -75.71M |
Cash flow
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating cash flow | -- | 2.07M | 11.17M | -52.99M | -29.22M | 5.41M | 25.96M | 33.37M |
| Depreciation & amortization | -- | 2.53M | 2.40M | 4.07M | 4.62M | 3.96M | 3.23M | 3.26M |
| Free cash flow | -- | 239.00K | 9.52M | -54.74M | -29.56M | 4.93M | 23.90M | 32.33M |
| Dividends paid | -- | -1.37M | 0 | 0 | 0 | -- | -- | -- |
| Stock buybacks / issuance | -- | 40.00M | 27.62M | 294.90M | -12.80M | -35.24M | -11.20M | -59.11M |
| Ending cash balance | -- | 29.76M | 58.56M | 121.01M | 24.39M | 28.04M | 18.67M | 15.74M |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| Operating cash flow | 6.70M | 7.25M | 8.17M | 11.25M | 13.37M | 12.91M |
| Depreciation & amortization | 723.00K | 824.00K | 853.00K | 864.00K | 872.00K | 868.00K |
| Free cash flow | 6.64M | 7.12M | 7.51M | 11.06M | 12.80M | 12.75M |
| Dividends paid | -- | -- | -- | -- | -- | -- |
| Stock buybacks / issuance | -15.05M | -3.86M | -18.90M | -21.30M | -9.71M | -23.21M |
| Ending cash balance | 21.09M | 21.34M | 20.40M | 15.74M | 16.79M | 15.45M |
Returns & efficiency
| Line item | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|
| ROE %i | -- | -16.02 | -1.49 | -30.04 | -17.42 | -5.32 | 4.84 | 8.18 |
| ROA %i | -- | -6.86 | -0.77 | -21.81 | -13.57 | -3.92 | 3.39 | 5.61 |
| ROIC %i | -- | -8.96 | -0.81 | -28.29 | -17.42 | -11.02 | 0.61 | 6.76 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -14.23 | -9.74 | -7.80 |
| EBIT margin %i | -- | -3.87 | 4.52 | -55.02 | -35.35 | -4.97 | 4.43 | 7.53 |
| FCF / sales %i | -- | 0.39 | 9.64 | -- | -- | 1.88 | 11.11 | 13.44 |
| Current ratioi | 1.44 | 2.25 | 2.31 | 5.94 | 4.63 | 3.45 | 3.56 | 3.04 |
| Quick ratioi | 1.18 | 2.10 | 2.21 | 5.77 | 4.52 | 3.37 | 3.47 | 2.96 |
| Debt / assetsi | 32.96 | 19.15 | 8.94 | 2.23 | 1.90 | 1.20 | 0.91 | 0.83 |
| LT debt / equityi | 102.62 | 30.22 | 13.33 | 1.86 | 1.36 | 0.93 | 0.67 | 0.53 |
| Interest coveragei | -- | -1.80 | 4.48 | -87.59 | -76.00 | -17.32 | 27.05 | -- |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | 36.98 | 26.73 | 21.69 | 15.13 |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -19.68 | -- | -- |
| Line item | 2025-03 | 2025-06 | 2025-09 | 2025-12 | 2026-03 | 2026-06 |
|---|---|---|---|---|---|---|
| ROE %i | 5.61 | 4.05 | 5.21 | 8.18 | 9.70 | 12.76 |
| ROA %i | 3.90 | 2.81 | 3.61 | 5.61 | 6.67 | 8.57 |
| ROIC %i | 5.53 | 2.03 | 3.63 | 6.76 | 8.30 | 11.42 |
| 5-year avg ROE %i | -- | -- | -- | -- | -- | -- |
| EBIT margin %i | 5.40 | 6.26 | 6.95 | 7.53 | 9.78 | 12.23 |
| FCF / sales %i | 13.26 | 14.93 | 14.82 | 13.44 | 15.58 | 17.46 |
| Current ratioi | 3.39 | 3.31 | 3.10 | 3.04 | 3.13 | 2.91 |
| Quick ratioi | 3.30 | 3.21 | 2.99 | 2.96 | 3.01 | 2.83 |
| Debt / assetsi | 0.90 | 1.05 | 0.97 | 0.83 | 0.72 | 2.08 |
| LT debt / equityi | 0.59 | 0.74 | 0.65 | 0.53 | 0.41 | 2.22 |
| Interest coveragei | -- | -- | -- | -- | -- | -- |
| Revenue CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| Net income CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
| FCF CAGR (3Y) %i | -- | -- | -- | -- | -- | -- |
✦ Quant Revenue Concentration how this is computed
Single-engine
- Subscription Revenue is the largest reported line at 99.08% of revenue, across 2 reported segments.
- The next-largest line, Services revenue, is a distant second at 0.92% - a sharp slowdown here would have little to offset it.
Revenue breakdown most recent period
Business
Subscription Revenue99.08%
Services revenue0.92%
Quote time 2026-10-08 09:55:49 · For reference only, not investment advice and not tailored to your situation.