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VTEX

VTEX Clue Score66
Cayman Islands Fiscal year ends December CIK 0001793663
$3.97 +0.51% Close, 9 Oct 2026
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Price $3.97 −76.51% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 21 Jul 2021. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2019Revenue61.3Operating income−1.8Net income−4.6Fiscal year 2020Revenue98.7 +60.9%Operating income6.5Net income−0.9EPS, diluted−0.01Fiscal year 2021Revenue125.8 +27.5%Operating income−65.9Net income−60.5EPS, diluted−0.33Fiscal year 2022Revenue157.6 +25.3%Operating income−49.9Net income−52.4EPS, diluted−0.28Fiscal year 2023Revenue200.8 +27.4%Operating income−14.0Net income−15.8EPS, diluted−0.09Fiscal year 2024Revenue226.7 +12.9%Operating income7.4Net income15.8EPS, diluted0.08Fiscal year 2025Revenue240.5 +6.1%Operating income18.1Net income20.0 +26.5%EPS, diluted0.11
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 61.3 98.7 125.8 157.6 200.8 226.7 240.5
Growth +60.9% +27.5% +25.3% +27.4% +12.9% +6.1%
Operating income −1.8 6.5 −65.9 −49.9 −14.0 7.4 18.1
Net income −4.6 −0.9 −60.5 −52.4 −15.8 15.8 20.0
Growth +26.5%
EPS, diluted n/a −0.01 −0.33 −0.28 −0.09 0.08 0.11

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2019Gross margin67.0%Operating margin−2.9%Net margin−7.5%Free cash flow margin0.4%Fiscal year 2020Gross margin64.7%Operating margin6.6%Net margin−0.9%Free cash flow margin9.6%Fiscal year 2021Gross margin60.6%Operating margin−52.4%Net margin−48.1%Free cash flow margin−43.2%Fiscal year 2022Gross margin66.5%Operating margin−31.7%Net margin−33.3%Free cash flow margin−18.8%Fiscal year 2023Gross margin70.0%Operating margin−7.0%Net margin−7.9%Free cash flow margin2.5%Fiscal year 2024Gross margin73.8%Operating margin3.3%Net margin7.0%Free cash flow margin10.5%Fiscal year 2025Operating margin7.5%Net margin8.3%Free cash flow margin13.4%
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 67.0% 64.7% 60.6% 66.5% 70.0% 73.8% n/a
Operating margin −2.9% 6.6% −52.4% −31.7% −7.0% 3.3% 7.5%
Net margin −7.5% −0.9% −48.1% −33.3% −7.9% 7.0% 8.3%
Free cash flow margin 0.4% 9.6% −43.2% −18.8% 2.5% 10.5% 13.4%

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2019Operating cash flow2.1Capital expenditure−1.8Free cash flow0.2Fiscal year 2020Operating cash flow11.2Capital expenditure−1.6Free cash flow9.5 +3,882.0%Fiscal year 2021Operating cash flow−53.0Capital expenditure−1.4Free cash flow−54.4 −671.3%Fiscal year 2022Operating cash flow−29.2Capital expenditure−0.3Free cash flow−29.6Fiscal year 2023Operating cash flow5.4Capital expenditure−0.5Free cash flow4.9Buybacks−35.2Fiscal year 2024Operating cash flow26.0Capital expenditure−2.1Free cash flow23.9 +384.6%Buybacks−11.2Fiscal year 2025Operating cash flow33.4Capital expenditure−1.0Free cash flow32.3 +35.3%Buybacks−59.1
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 2.1 11.2 −53.0 −29.2 5.4 26.0 33.4
Capital expenditure −1.8 −1.6 −1.4 −0.3 −0.5 −2.1 −1.0
Free cash flow 0.2 9.5 −54.4 −29.6 4.9 23.9 32.3
Growth +3,882.0% −671.3% +384.6% +35.3%
Buybacks n/a n/a n/a n/a −35.2 −11.2 −59.1

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2019Cash29.8Shareholders’ equity47.1Fiscal year 2020Cash58.6Total debt4.8Net cash (debt)53.8Shareholders’ equity75.6Debt to equity0.06Fiscal year 2021Cash121.0Total debt1.2Net cash (debt)119.8Shareholders’ equity327.2Debt to equity0.00Fiscal year 2022Cash24.4Total debt0.0Net cash (debt)24.4Shareholders’ equity272.7Debt to equity0.00Fiscal year 2023Cash28.0Shareholders’ equity238.7Fiscal year 2024Cash18.7Shareholders’ equity254.1Fiscal year 2025Cash15.7Shareholders’ equity233.5
FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 29.8 58.6 121.0 24.4 28.0 18.7 15.7
Total debt n/a 4.8 1.2 0.0 n/a n/a n/a
Net cash (debt) n/a 53.8 119.8 24.4 n/a n/a n/a
Shareholders’ equity 47.1 75.6 327.2 272.7 238.7 254.1 233.5
Debt to equity n/a 0.06 0.00 0.00 n/a n/a n/a

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Income statement

In millions of USD, except per-share figures; shares in millions. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023† 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Revenue and profit
61.3 98.7 125.8 157.6 200.8 226.7 240.5
Growth +60.9% +27.5% +25.3% +27.4% +12.9% +6.1%
20.2 34.9 49.6 52.8 61.0 59.7 54.2
41.1 63.8 76.2 104.8 140.6 167.3 n/a
Growth +55.4% +19.4% +37.6% +34.1% +19.0%
12.7 19.0 45.2 57.2 60.1 53.6 n/a
10.7 14.0 31.9 28.3 33.7 34.4 n/a
−1.8 6.5 −65.9 −49.9 −14.0 7.4 18.1
Growth −1,111.3% +145.2%
−3.7 3.5 −70.0 −56.4 −12.5 13.3 22.5
0.9 4.3 −9.5 −4.0 3.4 −2.5 2.5
−4.6 −0.9 −60.5 −52.4 −15.8 15.8 20.0
Growth +26.5%
Per share
n/a −0.01 −0.33 −0.28 −0.09 0.09 0.11
n/a −0.01 −0.33 −0.28 −0.09 0.08 0.11
Growth +31.7%
n/a n/a 181.6 190.7 0.2 0.2 0.2
n/a n/a 181.6 190.7 0.2 0.2 0.2
Growth +5.0% −99.9% +3.2% −3.8%

† The diluted share count jumps at 2023, so per-share figures either side of that column are not comparable. Usually a split, but the break lands on the restatement boundary rather than on the split date, because every column is that period’s latest filing.

Five years in brief

Worked out from the figures above, not from a press release
  • Revenue grew 19.5% a year over five years.
  • Operating margin is flat at 7.5%.
  • A net loss in 5 of 7 years on file.