VTEX

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VTEX Class A

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Key Metrics

Previous Close: $3.63
52-Week Range: $2.84 – $4.73
Market Cap: $608.42M
P/E (TTM): 21.65
EPS (TTM): 0.17
Dividend Yield: —

Advanced Metrics

Price/Book: 2.73
PEG Ratio: —
Return on Equity: 12.76%
Return on Assets: 5.39%
Gross Margin: 79.26%
Operating Margin: 15.00%
Profit Margin: 11.98%
Current Ratio: 2.91
Debt/Equity: 0.03
Total Debt: $7.09M
Free Cash Flow: $41.08M
Revenue Growth: 9.50%
Earnings Growth: 262.50%
Enterprise Value: $429.63M

VTEX Income statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Revenue	$157.62M	$200.83M	$226.66M	$240.52M
Cost of Revenue	$52.83M	$60.99M	$59.70M	$54.18M
Gross Profit	$104.79M	$139.85M	$166.96M	$186.34M
Research & Development	$57.20M	$60.21M	$55.41M	$63.89M
Selling, General & Admin	$96.15M	$91.77M	$102.88M	$102.64M
Operating Expenses	$154.71M	$153.89M	$159.57M	$168.23M
Operating Income	-$49.92M	-$14.04M	$7.39M	$18.11M
EBITDA	-$51.09M	-$10.08M	$10.62M	$21.37M
Pretax Income	-$56.44M	-$12.46M	$13.27M	$22.48M
Income Tax	-$4.03M	$3.39M	-$2.54M	$2.45M
Net Income	-$52.42M	-$15.85M	$15.82M	$20.01M
Diluted EPS	-0.28	-0.07	0.06	0.11
Diluted Shares	190.69M	186.37M	192.33M	185.11M

VTEX Balance Sheet statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Cash & Equivalents	$24.39M	$28.04M	$18.67M	$15.74M
Receivables	$41.97M	$50.62M	$62.85M	$68.32M
Current Assets	$287.16M	$266.25M	$284.59M	$267.50M
Total Assets	$357.67M	$341.14M	$362.11M	$346.63M
Current Liabilities	$62.02M	$77.24M	$80.02M	$87.96M
Total Debt	$6.79M	$4.10M	$3.31M	$2.88M
Total Liabilities	$83.00M	$100.81M	$107.96M	$113.07M
Retained Earnings	-$116.37M	-$130.06M	-$109.81M	-$89.80M
Shareholders' Equity	$274.66M	$240.29M	$254.11M	$233.50M
Working Capital	$225.14M	$189.01M	$204.57M	$179.54M

VTEX Cash Flow statement, annual periods, in USD
USD	FY2022	FY2023	FY2024	FY2025
Operating Cash Flow	-$29.22M	$5.41M	$25.96M	$33.37M
Capital Expenditure	-$340.00K	-$477.00K	-$2.07M	-$1.04M
Free Cash Flow	-$29.56M	$4.93M	$23.89M	$32.33M
Depreciation & Amortisation	$4.62M	$3.96M	$3.23M	$3.26M
Stock-Based Compensation	$12.20M	$15.58M	$16.89M	$17.23M
Investing Cash Flow	-$43.38M	$35.18M	-$20.71M	$24.80M
Financing Cash Flow	-$19.58M	-$37.94M	-$12.05M	-$61.59M
Dividends Paid	$0.00	$0.00	$0.00	—
Share Repurchases	-$12.80M	-$35.24M	-$11.20M	-$59.11M
Net Change in Cash	-$92.18M	$2.65M	-$6.79M	-$3.42M

VTEX Income statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Revenue	$54.16M	$58.79M	$59.61M	$67.95M	$60.70M
Cost of Revenue	$13.18M	$13.51M	$13.53M	$13.96M	$12.24M
Gross Profit	$40.98M	$45.28M	$46.08M	$54.00M	$48.45M
Research & Development	$14.87M	$15.42M	$16.73M	$16.88M	$17.25M
Selling, General & Admin	$25.88M	$26.47M	$24.84M	$25.45M	$24.95M
Operating Expenses	$41.18M	$42.36M	$41.91M	$42.77M	$42.61M
Operating Income	-$197.00K	$2.91M	$4.17M	$11.22M	$5.84M
EBITDA	$526.00K	$3.74M	$4.17M	$11.22M	$6.72M
Pretax Income	$1.44M	$3.80M	$6.38M	$10.86M	$4.08M
Income Tax	$579.00K	$815.00K	$14.00K	$1.04M	$31.00K
Net Income	$858.00K	$2.99M	$6.35M	$9.81M	$4.06M
Diluted EPS	0.01	0.02	0.03	0.05	0.02
Diluted Shares	188.54M	187.40M	186.79M	180.00M	178.16M

VTEX Balance Sheet statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Cash & Equivalents	$21.09M	$21.34M	$20.39M	$15.74M	$16.79M
Receivables	$62.27M	$64.68M	$60.05M	$68.32M	$58.83M
Current Assets	$275.49M	$283.84M	$272.03M	$267.50M	$262.44M
Total Assets	$355.70M	$365.57M	$354.39M	$346.63M	$340.32M
Current Liabilities	$81.18M	$85.80M	$87.84M	$87.96M	$83.90M
Total Debt	$3.20M	$3.84M	$3.43M	$2.88M	$2.46M
Total Liabilities	$109.82M	$115.31M	$112.43M	$113.07M	$107.29M
Retained Earnings	-$108.96M	-$105.96M	-$99.61M	-$89.80M	-$85.74M
Shareholders' Equity	$245.84M	$250.22M	$241.91M	$233.50M	$232.96M
Working Capital	$194.31M	$198.04M	$184.19M	$179.54M	$178.54M

VTEX Cash Flow statement, quarterly periods, in USD
USD	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026
Operating Cash Flow	$6.70M	$7.25M	$8.16M	$11.25M	$13.37M
Capital Expenditure	-$67.00K	-$133.00K	-$652.00K	-$187.00K	-$565.00K
Free Cash Flow	$6.63M	$7.12M	$7.51M	$11.06M	$12.80M
Depreciation & Amortisation	$723.00K	$824.00K	$853.00K	$864.00K	$872.00K
Stock-Based Compensation	$4.19M	$4.56M	$4.31M	$4.16M	$3.91M
Investing Cash Flow	$11.12M	-$3.04M	$10.41M	$6.32M	-$2.63M
Financing Cash Flow	-$15.75M	-$4.57M	-$19.37M	-$21.89M	-$10.09M
Share Repurchases	-$15.05M	-$3.86M	-$18.90M	-$21.30M	-$9.71M
Net Change in Cash	$2.07M	-$367.00K	-$800.00K	-$4.32M	$649.00K

Market Snapshot

About

VTEX is a global enterprise digital commerce platform provider enabling brands and retailers to execute commerce strategies. The company offers a cloud-native, multi-tenant SaaS platform that unifies commerce, order management, and marketplace capabilities in a single solution. VTEX serves clients across retail, consumer goods, and direct-to-consumer brands seeking scalable and flexible e-commerce infrastructure.