VTEX (VTEX) Stock Analysis

Price updated today · SEC data refreshed 2 months ago ⓘ · Not investment advice

VTEX

VTEX Technology Software📄 SEC filings ↗
Speculative
Long-term trend (200d) 4% below 200-day Risk 33/100 Moderate
▾ What's in the 33/100 risk score? (higher = riskier)
Fundamental health (43%) 20/100 → +8.6
leverage 20/100
Smart money (short interest + insider buying) (31%) 55/100 → +17.3
Macro backdrop (VIX, curve, credit, fear/greed + week-over-week momentum) (26%) 28/100 → +7.2
Total33/100

Contributions (weight × component score) sum to the total. This near-term score now includes fundamental health (leverage, FCF trend). See the Financial Health section for the full balance-sheet read.

💵 Price $3.74 · today 📄 Financials SEC EDGAR · refreshed 2 months ago
📍 START HERE

How to read VTEX (speculative micro-cap)

No model can pin a precise fair value on a company this small — but that does not mean there is nothing to learn. The useful questions are what the price is betting on, and whether the company can survive long enough to deliver it.

Where to start — the sections that matter most for this stock
  1. 1 Reverse-DCF — what growth the price assumes ↓
    The single most useful number here: it backs out the growth the market is paying for. If that figure is "historically unprecedented," the price is running on hype, not fundamentals.
  2. 2 Cash runway ↓
    A pre-profit micro-cap lives or dies on whether it can fund itself to profitability before running out of money and diluting you.
  3. 3 The raw financial statements + the 10-K ↓
    At this scale, the actual numbers, insider ownership, and share-count trend tell you more than any ratio.
Or — what are you trying to decide?
One rule first: never trade out of fear — and that includes the fear of missing out. A stock up 10% a day for three days is excitement, not data. If you can't point to the evidence behind a trade, you're more likely to lose. So whichever of these you are, check the data below before you act.
🚀
"It's surging — should I chase it?"
The momentum / FOMO trade. Before you chase, see whether the people who know it best are quietly selling into the rally.
🏷️
"Is it a cheap bargain?"
The deep-value trade. How far below assets and our value it trades — and whether it's cheap for a reason.
ⓘ A share-count quirk blocked the per-share math

The share count we read for VTEX looks wrong — common for multi-class / founder-controlled filers that report shares per share-class. That makes per-share figures (including intrinsic value) misleading, so we suppressed them. The company's total financials below are sound.

What to use instead: Lean on the totals — revenue, net income, cash flow — and the balance sheet. Multi-class share counts are being corrected; once fixed, the per-share valuation returns automatically.

This note is only about the single DCF fair-value number — VTEX's full financial statements, health scores, and written analysis are all below.

ⓘ Why does VTEX trade at $3.74?

VTEX has 185,109 shares outstanding. At $3.74 per share, the market values all outstanding VTEX equity at $1 million. That's market capitalization, not enterprise value — enterprise value also accounts for debt and cash (VTEX carries little or no debt, so the two are close here). The share price by itself tells you almost nothing — a company can pick any share price by splitting or issuing more shares. What matters is the total value (Market Cap?Market Cap — The total dollar value the market is assigning to the entire company.
Why it matters: This is the number that actually matters when comparing companies. Two companies with the same business but different share counts have the same market cap.
Reference: Mega cap >$200B · Large $10–200B · Mid $2–10B · Small $300M–2B · Micro <$300M
Full explanation →) compared to what the business actually produces. This page values VTEX in Per Share?Per Share — A company-level figure divided by total shares — what one share represents.
Why it matters: Per-share metrics are the only way to fairly compare two companies with different share counts.
Full explanation → economics — what each share represents of the underlying business. Play with the share-price calculator on the homepage →

Loading insider & short-seller data…
VALUATION RANGE — CROSS-METHOD CHECK

⚠ Standard industry multiples (the bars below) collapse toward $0 at this scale, so they aren't the useful read. For a micro-cap with sales, lean on the Momentum trend, and cash runway — see 📍 What to focus on.

Football field: where does the price sit?

Different valuation methods produce different fair-value ranges depending on assumptions. Plotting them together lets you see at a glance whether the current price is reasonable across approaches, or only one specific lens.

EV / Sales (p25→p75)$5,282$20,874Current: $3.74$3$5,482$10,961$16,439$21,918
Every model's range sits above the current price, but that does not prove mispricing. The gap may reflect secular or cyclical pressures, leverage, or information not yet captured by the model. Review recent filings and test lower normalized cash-flow assumptions before relying on the valuation.

Industry multiples sourced from: industry: Software. See the Peer Basket section below for the peer comparison and its limited-comparables caveat.

⚠️ BUSINESS-MODEL ADVISORY — SPECULATIVE NANO / MICRO-CAP

How to read a company this small

VTEX is too small and/or too volatile for the valuation lenses we use on larger, more stable companies. The numbers shown below should be taken as rough orientation only.

✅ What actually drives value for this kind of company
  • Market cap $692,308 — nano-cap territory (below $50M)
❌ Metrics that DON'T apply (ignore these even if you see them below)

Growth percentages on tiny revenue bases (1000% going from $200K to $2M is not predictive). P/E and ROE swing wildly with small earnings changes. Peer comparisons fail because there often aren't comparable companies at this scale.

📚 Where to actually look

Start with the Reverse-DCF above — it backs out the growth the price is betting on; if that figure is "historically unprecedented," the price is running on hype, not fundamentals. Then the cash runway (can it fund itself to profitability before diluting you?). Then the raw Financials table and the 10-K on SEC EDGAR — at this scale, insider ownership and the share-count trend often matter more than any ratio.

Classified as Speculative Nano / Micro-cap (confidence 80%). Disagree? An admin can override via the post edit screen.

PEER BASKET — LIMITED COMPARABLES

⚠ Genuine comparables are scarce at this size, so peer multiples are unreliable here. Treat as rough context only — see 📍 What to focus on above.

How does VTEX stack up against its closest peers?

Ideally we compare VTEX only to same-industry peers, but too few exist in our universe right now, so the basket below mixes in broader-sector names. Treat the multiples as rough context, not a valuation. For a leveraged business, FCF yield (in the table) is usually more reliable than EV/Sales, because revenue multiples ignore differences in margins and debt.

▾ What's "EV / Sales" in plain English?

EV (Enterprise Value) = market cap + total debt − cash. It's "what you'd pay to buy the entire company outright" — you pay the market cap to shareholders and take over their debt, but you keep their cash. EV is fairer than market cap alone because it includes the debt the new owner inherits.

EV / Sales = EV ÷ annual revenue. So "2.5×" means investors pay $2.50 of enterprise value per $1 of yearly sales. Higher = market is paying more per dollar of sales (usually because they expect future growth or fat margins).

p25 / median / p75 are the 25th, 50th (middle), and 75th percentile of the peers' multiples. Half the peers fall between p25 and p75. The median (p50) is the typical peer — that's the benchmark we compare to.

What peers trade at (p25 / median / p75)

Bold middle number = median peer. Half the peers trade above it, half below. Computed over 2 peers (broad — see caveat); implausible multiples excluded.

What VTEX would be worth at the median peer's multiple
We're not showing a peer-implied price for VTEX: with only 1 genuine same-industry comparable, a median built partly from broader-sector names would be misleading. Lean on the DCF above; use the multiples table only as loose context.

⚠️ Important caveat: peer multiples only work if the peers are genuinely comparable. Always check the peer list below — if the auto-picker grabbed micro-caps or unrelated businesses, the comparison is noise. A medical-device giant priced against tiny biotech startups won't produce a useful signal.

▾ View peer list (2)
Ticker Company Industry Mcap EV/Sales EV/GP EV/EBIT FCF Yield
YAAS Youxin Technology Ltd Software $2M 3.8x 11.2x — 0.2%
PDYNW Palladyne AI Corp. Software (Prepackaged) ·fallback $2M 0.2x — — 44.1%
FINANCIAL HEALTH SCREENS

Quality & solvency checks

Cheap stocks can be cheap for a reason. These screens warn when a low valuation comes paired with structural fragility.

Altman Z-Score?Altman Z-Score — A bankruptcy-risk score combining 5 financial ratios into one number. Predictive of bankruptcy within 2 years.
Why it matters: Cheap-looking stocks (low P/E or P/B) often have low Z-scores because the market knows the company is dying. Z-score warns you before you fall into a value trap.
Reference: > 3.0 = safe zone · 1.81–3.0 = grey zone · < 1.81 = distress zone
Full explanation →
Not available for this filer

The Z-score needs working capital, retained earnings, EBIT, sales and total assets from the latest balance sheet, and at least one of those isn't reported in machine-readable form here — common for foreign private issuers. We leave it blank rather than compute a distress verdict from an estimated input. It doesn't affect the reported figures in the financial tables below.

Piotroski F-Score?Piotroski F-Score — A 9-point quality checklist scoring profitability, leverage, and operating efficiency.
Why it matters: High score = fundamentals improving. Low score = deteriorating. Especially powerful for filtering cheap stocks: cheap + high F-score historically outperforms; cheap + low F-score is often a value trap.
Reference: 7–9 = strong · 4–6 = mediocre · 0–3 = weak
Full explanation →
8 / 9
Strong
▾ The checks — what passed, what didn't (and what we couldn't measure)
  • ✓ Positive net income
    Net income $20.0M in the latest year.
  • ✓ Positive operating cash flow
    Operating cash flow $33.4M (was $26.0M the prior year).
  • ✓ Cash flow backs up reported profit
    Operating cash flow $33.4M vs net income $20.0M.
  • ✓ Return on assets improving
    Return on assets 5.8% vs 4.4% a year ago.
  • ✓ Debt load (vs assets)
    Long-term debt is 0.0% of assets vs 0.0% a year ago ($0.0M now).
  • ✗ Short-term liquidity (current ratio)
    Current ratio 3.04x vs 3.56x a year ago.
    Why this matters: The current ratio compares assets it can turn to cash within a year against bills due within a year. Below 1.0 means it may struggle to cover near-term obligations.
  • ✓ Share count (dilution)
    Share count declined 3.8% (0.2M → 0.2M year-over-year), so the no-dilution check passed. (This 1-year change differs from the ~4%/yr multi-year buyback CAGR the DCF cites.)
  • ✓ Pricing power (gross margin)
    Gross margin 77.5% vs 73.7% a year ago.
  • ✓ Sales per asset (asset turnover)
    Asset turnover 0.69x vs 0.63x a year ago.

Missing data is never counted as a pass or a fail — it's shown as n/a and excluded from the denominator. Each check compares the company against its own prior year.

INTERACTIVE — TWEAK YOUR ASSUMPTIONS

What if you assume different inputs?

Here's where we land — and what happens if you change the assumptions. Drag the sliders to set your own Discount Rate?Discount Rate — The annual return you demand for taking single-stock risk instead of buying a safe Treasury or index fund.
Why it matters: Higher discount rate = stricter valuation (a stock has to produce more cash to be worth holding). Lower = more generous.
Reference: 8–12% is standard · 9–10% matches S&P 500 historical return · Below 7% is illogical for single-stock risk
Full explanation → (the annual return you demand for single-stock risk) and terminal growth; the value updates live so you can see whether the stock looks cheaper or richer. The discount rate starts at 10.0%, the figure our model used for VTEX. Open Advanced to also change beta, growth and the rate path.

Note: no headline intrinsic value is published for this stock (the valuation is held for a data-quality reason — see the notes above). The calculator below is a what-if tool: the values it produces are your assumptions played out, not our estimate.

4.5% (risk-free)9-10% normal18% (deep-risk)
0%2-3% (GDP)5% (rarely sustainable)

A full intrinsic value isn't shown for VTEX because the valuation is currently held for a data-quality reason (see the guardrail notes above). The reverse-DCF reading still works — it needs only the price and cash flow — but we won't publish a forward value until the underlying data passes our checks.

For comparison — the revenue growth today's price already assumes
—
—

—

⚙ Advanced — tinker with every input (beta, growth, rate path, margin → full intrinsic value)
Where the discount rate comes from — discount rate = risk-free + beta × equity-risk-premium
What you'd earn risk-free from government bonds — the floor under every other rate. Slide it down to model the market expecting rate cuts (value rises); up for higher-for-longer.
The extra yearly return investors demand for owning stocks instead of safe bonds — the price of risk. History runs ~4.5–6.5%; we default to 5.5% (slightly conservative). It's an estimate, not a law — lower it if you think equities are less risky than that.
Inflation quietly eats returns: a 9% gain at 3% inflation is only ~6% in real purchasing power. The intrinsic value above is already in today's dollars (a nominal DCF cancels inflation out of both growth and the discount rate), so this doesn't change the value — it shows what's left of your return after the tax.
Higher beta → higher discount rate (sets the rate above). 1.0 = moves with the market.
What you think VTEX can grow revenue for ~5 years, then fades to terminal.
For a pre-profit company: the % of revenue that eventually becomes free cash flow once mature. (Our published value uses the sector norm.)
All inputs start at the values our model used.

    Copy shareable link to this scenario →

    Price$3.74
    Model IVNot applicable — DCF couldn't price this stock. See Reverse DCF and Football Field below.

    A standard discounted cash flow?DCF — Discounted Cash Flow — sums up all future cash a business will produce, adjusted for the fact that future dollars are worth less than dollars today.
    Why it matters: It is the most fundamentally honest valuation method when applicable — but only works for companies with predictable, positive cash flow.
    Reference: Best for: mature, profitable businesses. Fails for: pre-profit growth, banks, REITs.
    Full explanation →     (DCF) valuation is not meaningful for VTEX due to its extreme valuation flags and potential data/units issues, as indicated by the suppressed model output. While the company is operating cash flow positive, investors are likely focused on its ability to sustain and accelerate revenue growth in the competitive e-commerce platform space. The #1 quantifiable risk is the high stock-based compensation, which equals 53% of pre-SBC?SBC (Stock-Based Compensation) — Paying employees with company shares instead of cash.
    Why it matters: It's a real cost — it dilutes your ownership — so we subtract it from free cash flow even though accounting rules add it back, which would otherwise flatter cash-heavy tech companies.
    Reference: Can be 10–30% of revenue at high-growth software firms.
    Full explanation →     free cash flow?Free Cash Flow (FCF) — Operating cash flow minus capital spending: cash left after a company covers operating costs, taxes and interest and reinvests in the business — but BEFORE repaying debt principal or paying dividends. The cash actually available to investors.
    Why it matters: A company can show big profits on paper while burning through cash. FCF is what actually fills the bank account.
    Reference: Healthy mature businesses convert 8–15% of revenue into FCF · Growth companies often negative
    Full explanation →    , indicating significant shareholder dilution.

    ⚠️ Stock-based compensation equals 53% of pre-SBC free cash flow; FCF used here is net of SBC (a real shareholder-dilution cost), so it is lower than the headline GAAP cash-flow figure.

    As of 2 months ago

    ANATOMY

    Anatomy of a share

    What you're buying per share. Bars are at the same scale so you can see the relative size of revenue, costs, cash flow, and debt — not just read them in a table.

    VTEX VTEX stock anatomy showing per-share revenue, operating expenses, free cash flow, and debt
    8.3%
    profit
    Where each $1 of revenue goes
    Net profit — 8.3¢ of every dollar ($108.10/sh = latest fiscal-year net income ÷ current shares. The table below shows GAAP diluted EPS of $0.11, computed on that year's weighted-average diluted shares — the share count moved, which is why they differ)
    Costs & taxes — 91.7¢ (on $1,299.33 revenue/sh)
    Net margin = net income ÷ revenue (most recent fiscal year).
    Plain English: $4/share buys $1,299.33 of revenue per share per year, generates $108.10 of net income per current share, and $81.59 of free cash flow per share. Each share carries $0.00 of debt.
    What's free cash flow / what do these mean?

    Revenue per share — how much the business earns from customers, divided by the number of shares outstanding. Top of the income statement.

    Earnings per share — profit left after operating costs, interest, and taxes, per share. Two versions appear on this page and are not interchangeable: GAAP diluted EPS uses the company's weighted-average diluted share count during the reporting period (this is the "earnings" in "price-to-earnings"); net income per current share divides annual net income by today's share count. They differ whenever the share count has changed.

    Owner-earnings free cash flow per share — the cash the business produces for shareholders. Savng's owner-earnings FCF subtracts capital expenditures and stock-based compensation from operating cash flow (SBC is a real dilution cost even though it's non-cash). This is deliberately more conservative than "standard" FCF, which subtracts only capital expenditures — so our figure is lower than the headline FCF you'll see elsewhere. FCF funds dividends, buybacks, debt repayment, and acquisitions; a company can report positive earnings yet negative FCF.

    Debt per share — total interest-bearing borrowings divided by shares. High debt-per-share next to thin FCF-per-share is a fragility signal.

    THE KEY DEBATE

    What you actually need to decide

    Every stock price is a disagreement. Here's the single thing that must go right for the bulls, the single thing that breaks the thesis, and the concrete signposts to watch so you can update your view as real results arrive.

    🐂 The Bull Case
    For the stock to work, VTEX must demonstrate sustained acceleration in its revenue growth, converting its positive operating cash flow into significant free cash flow?Free Cash Flow (FCF) — Operating cash flow minus capital spending: cash left after a company covers operating costs, taxes and interest and reinvests in the business — but BEFORE repaying debt principal or paying dividends. The cash actually available to investors.
    Why it matters: A company can show big profits on paper while burning through cash. FCF is what actually fills the bank account.
    Reference: Healthy mature businesses convert 8–15% of revenue into FCF · Growth companies often negative
    Full explanation →     generation after accounting for stock-based compensation.
    🐻 The Bear Case
    The biggest fundamental risk is the high stock-based compensation, which at 53% of pre-SBC?SBC (Stock-Based Compensation) — Paying employees with company shares instead of cash.
    Why it matters: It's a real cost — it dilutes your ownership — so we subtract it from free cash flow even though accounting rules add it back, which would otherwise flatter cash-heavy tech companies.
    Reference: Can be 10–30% of revenue at high-growth software firms.
    Full explanation →     free cash flow?Free Cash Flow (FCF) — Operating cash flow minus capital spending: cash left after a company covers operating costs, taxes and interest and reinvests in the business — but BEFORE repaying debt principal or paying dividends. The cash actually available to investors.
    Why it matters: A company can show big profits on paper while burning through cash. FCF is what actually fills the bank account.
    Reference: Healthy mature businesses convert 8–15% of revenue into FCF · Growth companies often negative
    Full explanation →    , implies continued dilution if not offset by substantial operational improvements and revenue growth.
    📌 Signposts to watch — update your view as these print
    • Acceleration in subscription revenue growth rates
    • Reduction in stock-based compensation as a percentage of revenue
    • Expansion of operating cash flow margins
    MOMENTUM — WHAT'S GETTING BETTER & WORSE

    The trend, in plain numbers (2024 → 2025)

    Straight from the financial statements — no model, no opinion. For a small or unprofitable company, the direction of these numbers usually tells you more than any single valuation.

    ✅ Improving
    • Revenue grew +6% to $240.5M.
    • Free cash flow rose to $15.1M.
    • Gross margin improved to 77% (+4 pts).
    • Net income grew +27% to $20.0M.
    ⚠ Worsening

    Nothing clearly worsening year-over-year.

    WHO

    Management & Leadership

    Mariano Gomide de Faria is the co-founder and co-CEO of VTEX, leading the company's strategic vision and global expansion since its inception. Geraldo Thomaz is the other co-founder and co-CEO, focusing on product development and innovation.

    Mariano Gomide de Faria
    Co-Chief Executive Officer
    Geraldo Thomaz
    Co-Chief Executive Officer
    WHAT

    What They Make

    VTEX provides a software-as-a-service (SaaS) digital commerce platform for enterprises, enabling businesses to build, manage, and grow their online sales channels. Its customers are primarily large and mid-sized businesses across various industries.

    End Markets

    RetailConsumer GoodsManufacturing

    Revenue Drivers

    Platform subscriptions
    Transaction-based fees
    Professional services
    Market Cap: 692,308Beta: 1.09
    WHY

    Why Is It Priced Like This?

    Why Customers Pay

    Unified commerce experience
    Scalable cloud infrastructure
    Rapid time-to-market for new stores
    No discounted-cash-flow value for this filer We aren't publishing a discounted-cash-flow value here: the model's output failed our plausibility checks, so showing it would imply more precision than we have.

    What we use instead: earnings (P/E, EV/EBIT), book value (P/B) — computed from the figures this company does report, shown in the sections below. Those numbers are unaffected by the missing cash-flow data.

    The market is likely pricing VTEX based on expectations for future revenue growth in the e-commerce platform sector, rather than current cash flow, given its positive operating cash flow and net income. Its current ratio of 3.04 suggests adequate liquidity to fund ongoing operations and growth initiatives, which investors may view favorably for its cash runway.

    HOW

    Business Model & Valuation

    How They Make Money

    Subscription fees for platform access
    Usage-based fees on transaction volume
    Implementation and support services

    The company funds itself primarily through its positive operating cash flow, though stock-based compensation represents a significant portion of its pre-SBC?SBC (Stock-Based Compensation) — Paying employees with company shares instead of cash.
    Why it matters: It's a real cost — it dilutes your ownership — so we subtract it from free cash flow even though accounting rules add it back, which would otherwise flatter cash-heavy tech companies.
    Reference: Can be 10–30% of revenue at high-growth software firms.
    Full explanation →     free cash flow?Free Cash Flow (FCF) — Operating cash flow minus capital spending: cash left after a company covers operating costs, taxes and interest and reinvests in the business — but BEFORE repaying debt principal or paying dividends. The cash actually available to investors.
    Why it matters: A company can show big profits on paper while burning through cash. FCF is what actually fills the bank account.
    Reference: Healthy mature businesses convert 8–15% of revenue into FCF · Growth companies often negative
    Full explanation →    .

    Free Cash Flow DCF

    Standard FCF DCF: positive free cash flow in a sector suited for cash-flow-based valuation.

    Show advanced inputs
    RevenueGrowth9.4%
    HistoricalFcfGrowth1.1545
    SectorDefault12.0%
    BestEstimate10.2%
    Methodblend(70% revenue_cagr, 30% sector)
    GrowthBasistotal

    What this model does NOT do: this is a consolidated owner-earnings FCF model. Standalone segment assumptions: none. It does not project product, services and recurring/cloud lines independently; their combined effect is embedded in the historical revenue and cash-flow trend the model extrapolates. The calculator above can only approximate a segment's impact through the single consolidated growth rate — it cannot model any one line separately. For a true segment-level view, build a separate model from the company's segment disclosures.

    WHEN

    Maturity & Competitive Position

    Growth stage

    Moat Signals

    Enterprise client base
    Platform ecosystem
    Global presence

    The company has positive net income in 2 out of 5 years and positive operating cash flow in 3 out of 3 years.

    WHERE

    Geography & Markets

    VTEX is headquartered in London, UK, with a significant operational presence across Latin America, North America, and Europe. Exact geographic revenue mix is not available from current data sources.

    Geographic Risks

    Intense competition in the e-commerce platform market
    Currency fluctuations impacting international revenue
    SIGNALS

    Market Signals

    These are timing signals, not value signals — they describe the stock's recent price behavior, not what the business is worth. Use them for the "the thesis looks good, but is now the moment?" question. Each tile below explains what it's saying.

    Model neutral, tape bearish
    RSI?RSI — Relative Strength Index — a 0-100 momentum gauge. Above 70 = overbought; below 30 = oversold.
    Why it matters: Short-term contrarian indicator. Extreme readings often precede mean reversion, though not always.
    Reference: 30–70 normal · >70 overbought · <30 oversold
    Full explanation →     (14)    52.3NeutralMomentum is balanced — neither overbought nor oversold.
    MACD?MACD — Moving Average Convergence Divergence — compares a fast and a slow price trend to gauge momentum direction.
    Why it matters: When the fast line crosses above the slow line, short-term momentum is turning up; below, turning down. A timing cue, not a value signal.
    Reference: Line above signal = bullish momentum · below = bearish
    Full explanation →    BullishLine above signalThe fast trend is above the slow trend — short-term momentum is currently upward.
    50-Day Average$3.86Price below (-3.1%)Price below its 50-day average = near-term downtrend.
    200-Day Average$3.88Price belowThe 200-day line is the long-term trend divider — above it is generally considered a bull market for the stock.
    50 vs 200 CrossDeath50-day below 200-dayA "death cross" — the medium trend is below the long trend (often read as bearish).

    Technicals describe price, not the business. A great company can have a "bearish" tape (a buying chance) and a weak one a "bullish" tape (a trap). Pair these with the valuation and health sections above.

    QUALITY

    Data Quality & Risk Flags (4 notes — click to expand/collapse)
    Guardrail Notes (4)
    • Stock-based compensation equals 53% of pre-SBC free cash flow; FCF used here is net of SBC (a real shareholder-dilution cost), so it is lower than the headline GAAP cash-flow figure.
    • Illiquidity discount 25% applied (small/micro-cap — harder to exit, demand a margin).
    • Extreme valuation (P/IV 0.0031x, IV $1225.30 vs price $3.77); output dominated by data/units issue (often a multi-class share-count mismatch). Suppressed.
    • DATA UNAVAILABLE: per-share values suppressed due to missing/unreliable shares data.
    FINANCIALS

    Financial Statements (5-year tables — click to expand)

    From VTEX's SEC filings (EDGAR).

    Income (5yr)

    YearRevenueNet IncomeEPS
    2025240.5M20.0M$0.11
    2024226.7M15.8M$0.08
    2023200.8M-15.8M$-0.09
    2022—-52.4M—
    2021—-60.5M—

    Cash Flow (5yr)

    YearOperating CFCapEx− SBC & adj.Free Cash Flow
    2025 33.4M 1.0M 17.2M 15.1M
    2024 26.0M 2.1M 16.9M 7.0M
    2023 5.4M 477,000 15.6M -10.7M

    How we define FCF: operating cash flow − capital expenditure − stock-based compensation (owner-earnings basis — SBC is a real cost to shareholders even though it's non-cash). Latest year: 33.4M − 1.0M − 17.2M (SBC & adj.) = 15.1M. This is the same owner-earnings FCF definition the valuation model uses.

    Balance Sheet

    Total Assets346.6M
    Total Liabilities—
    Equity233.5M
    VIDEOS

    Recent video coverage

    Top recent YouTube videos by date. We don't endorse the channels — these are surfaced for context.

    YOU MIGHT ALSO LIKE

    Similar companies worth a look

    Same sector and industry, similar fundamentals shape. Verify everything yourself — this list is computed mechanically and does not reflect our judgment about whether any of these are a good investment.

    PG
    Methodology by Pouyan Golshani, MD — founder of Gighz. Savng was built by a physician for busy professionals: every number on this page comes from SEC filings (EDGAR) and FINRA data through transparent, rules-based models — no analyst opinions, no hidden inputs. How we calculate every number →
    ⚠️ Not investment advice. Automated model outputs, last refreshed May 30, 2026 (the analysis-refresh date, not the latest filing period). All models have blind spots. Full disclaimer →
    ← Browse Stocks See sector peers →
    🔔 Follow $VTEX — free insider alerts
    One email when an insider buys $VTEX on the open market with their own cash — or notably sells outside a scheduled plan. Routine and automated trades filtered out. Follow up to 3 stocks free; Portfolio Watch covers your whole list plus valuation & risk alerts. Double opt-in, unsubscribe anytime.