VTEX · NYSE · Technology
VTEX (VTEX) — Rank #67 by gross profitability (GP/assets 0.54) · ROE 8.6% · Piotroski F-Score 7 / 9.
As-of 2026-10-30 · CIK 0001793663 · all metrics point-in-time as of the filing date.
About
VTEX, together with its subsidiaries, provides software-as-a-service digital commerce platform for enterprise brands and retailers.
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It provides VTEX platform that enables customers to execute commerce strategy, including building online stores, and integrating and managing orders across channels, as well as creating marketplaces to sell products from third-party vendors. The company also offers customer support services; and optional services, such as project management, solutions architecting, and implementation consulting services. It serves its products to home appliances, apparel and accessories, beauty and health, electronics, grocery, department stores, and toys and hobbies, as well as home, furniture, and decoration markets. The company has operations in Brazil, Argentina, Chile, Colombia, France, Italy, Mexico, Peru, Portugal, Romania, Spain, the United Kingdom, the United States, and internationally.
VTEX was founded in 2000 and is headquartered in Grand Cayman, Cayman Islands.
- Industry
- Software - Application
- Sector
- Technology
- State
- E9
- Filer Category
- Accelerated filerEmerging growth company
- Fiscal Year End
- December 31
- Website
- vtex.com
Company Snapshot
P/E and reverse DCF are the primary valuation lenses at this stage.
Market Cap
—
P/E (annual)
—
P/S (annual)
—
P/B
—
P/OCF (annual)
—
Shareholder Yield
—
Employees
1,139
Industry
Software - Application
Exchange
NYSE
12/12
Flags passed
VTEX passes 12/12 quality flags
- PASSGross margin holding
- PASSDilution within 2%
- PASSFCF not negative from investment
- PASSDisclosure consistent
- PASSRevenue not declining
- PASSOperating margin holding
- PASSFree cash flow intact
- PASSPasses safety gate
- PASSBalance sheet stable
- PASSNo competitive retreat
- PASSSBC not compressing margin
- PASSNo valuation convergence
Strengths Operating leverage expanding · Deferred revenue growing
A count of the 12 warning flags that could be evaluated. Unweighted: colour follows the worst flag.
Quality Profile
Profitability
1/1 passSafety
1/1 passCash Flow
3/3 passGrowth
2/2 passFCF yield, shareholder yield, and buyback activity are the primary reads at this stage.
Profitability
Does it make money well?
No warning flags · GP/assets 83rd percentile of 36 SIC 7372 peers
Gross profitability (GP / assets)
0.54
Primary signal (Novy-Marx).
83rd pctl of 36 SIC 7372 peers
Return on equity
8.6%
Gross margin
77.5%
71st pctl of 36 SIC 7372 peers
Revenue growth (YoY)
6.1%
Gross margin improving
Margin trend vs prior year.
Operating Leverage
| 2023 | 2024 | 2025 | |
|---|---|---|---|
| Revenue vs COGS | |||
| Revenue vs OpEx | |||
| Op. Income vs Revenue |
Cash Flow Health
Is the cash real?
No warning flags · FCF 62% above net income
Free cash flow
$32.33M
Operating cash flow minus capex.
Positive free cash flow
FCF vs net income
61.6%
(FCF − net income) ÷ |net income|. Positive: cash above earnings. Negative: below.
FCF not below net income
Fails when free cash flow is below net income (yellow flag).
Accruals healthy
Cash-backed earnings.
SBC / revenue
7.2%
Stock-based comp intensity.
Balance Sheet Strength
Can it survive a storm?
No warning flags · net cash $192.10M, F-Score 7/9
Balance-sheet safety
Composite anti-fragile check.
Debt / equity
0.48
65th pctl of 32 SIC 7372 peers (best = lowest)
Current ratio
3.04×
69th pctl of 36 SIC 7372 peers
Quick ratio
2.88×
Net cash
$192.10M
Cash & equivalents minus total debt.
Piotroski F-Score
7 / 9
Fundamental-strength score (0-9).
Valuation
Is the price reasonable?
No warning flags
Capital allocation quality
Composite score
3.3 / 5
Lifecycle Phase History
Price History
Source filings on SEC EDGAR: 10-K annual reports · 10-Q quarterly reports