VTEX (NYSE: VTEX)

$3.74-1.84%today

Brazilian ADR trading on the NYSE, priced in US dollars.

Market Cap: $618.34M
P/E (TTM): 22.0x
P/B: 2.8x
EPS (TTM): $0.17
Dividend Yield: —
52-Week Range: $2.84 – $4.73
Volume: 454K
Previous Close: $3.81

TTM = trailing twelve months — the most recent 12 months (a rolling window), used for P/E, EPS and dividends. On the tables and charts below, the in-progress current year appears as a “Last 12M” column labelled with the quarter range it covers.

Performance

Today

-1.84%

1 Week

-7.20%

1 Month

-10.95%

YTD

-0.53%

1 Year

-8.56%

5 Years

-85.23%

About VTEX

US Ticker: VTEX
B3 Ticker: —
Exchange: NYSE
Currency: USD
Sector: Technology
Industry: Software - Application
Headquarters: Grand Cayman, Cayman Islands
Employees: 1,139
CEO: Mr. Geraldo do Carmo Thomaz Jr.
Founded: 2000

VTEX, together with its subsidiaries, provides software-as-a-service digital commerce platform for enterprise brands and retailers.

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.

vtex.com

Analyst Ratings

Consensus of 10 Wall Street analysts · sourced from Yahoo Finance

1.9Buy

On a 1–5 scale: 1 = Strong Buy, 3 = Hold, 5 = Sell. Lower is more bullish.

12-Month Price Target

Low

$4.10

Average

$5.96

High

$12.00

The average target is +59.36% above the current price of $3.74.

Financial Results

Revenue, EBITDA and net profit (in USD) with net margin (net profit ÷ revenue).

Financial Health

Margins, leverage and cash-flow quality derived from VTEX's income statement, balance sheet and cash flow (absolute figures in USD).

ProfitabilityLeverageGrowth

Overall: Financially Strong

Net Margin: 9.4%
ROE: 10.0%
Rev Growth (YoY): +2.72%
Net Debt / EBITDA: -0.50×
Current Ratio: 3.10×
Interest Coverage: —
Free Cash Flow: 39.0M
Payout Ratio: —

Income — Margins & Efficiency

Metric	Last 12MQ2'25 – Q1'26	Δ	2025	Δ	2024	Δ	2023	Δ	2022	Δ	2021	Δ	2020	Δ	2019
Revenue	$247,048,000	+2.7%	$240,517,000	+6.1%	$226,709,000	+12.5%	$201,517,000	+27.8%	$157,620,000	+25.3%	$125,773,000	+27.5%	$98,676,000	+60.9%	$61,327,000
Gross profit	$193,205,000	+3.7%	$186,336,000	+11.4%	$167,291,000	+19.0%	$140,568,000	+34.1%	$104,788,000	+37.6%	$76,181,000	+19.4%	$63,825,000	+55.4%	$41,080,000
Operating income	$24,556,999	+35.6%	$18,108,000	+79.2%	$10,103,000	+169.2%	-$14,602,000	+70.7%	-$49,919,000	+24.3%	-$65,929,000	-1111.3%	$6,519,000	+460.4%	-$1,809,000
EBITDA	$28,536,000	+10.8%	$25,745,000	+78.8%	$14,397,000	+388.5%	-$4,991,000	+90.2%	-$51,095,000	+21.5%	-$65,124,000	-1049.7%	$6,857,000	+4411.2%	$152,000
Net profit	$23,213,000	+16.0%	$20,010,000	+66.8%	$11,998,000	+187.7%	-$13,687,000	+73.9%	-$52,418,000	+13.4%	-$60,511,000	-6520.5%	-$914,000	+80.1%	-$4,593,000
Gross margin	78.2%	+0.7 p.p.	77.5%	+3.7 p.p.	73.8%	+4.0 p.p.	69.8%	+3.3 p.p.	66.5%	+5.9 p.p.	60.6%	-4.1 p.p.	64.7%	-2.3 p.p.	67.0%
Operating margin	9.9%	+2.4 p.p.	7.5%	+3.1 p.p.	4.5%	+11.7 p.p.	-7.2%	+24.4 p.p.	-31.7%	+20.7 p.p.	-52.4%	-59.0 p.p.	6.6%	+9.6 p.p.	-2.9%
EBITDA margin	11.6%	+0.8 p.p.	10.7%	+4.4 p.p.	6.4%	+8.8 p.p.	-2.5%	+29.9 p.p.	-32.4%	+19.4 p.p.	-51.8%	-58.7 p.p.	6.9%	+6.7 p.p.	0.2%
Net margin	9.4%	+1.1 p.p.	8.3%	+3.0 p.p.	5.3%	+12.1 p.p.	-6.8%	+26.5 p.p.	-33.3%	+14.9 p.p.	-48.1%	-47.2 p.p.	-0.9%	+6.6 p.p.	-7.5%
Revenue growth (YoY)	2.7%	-3.4 p.p.	6.1%	-6.4 p.p.	12.5%	-15.3 p.p.	27.8%	+2.5 p.p.	25.3%	-2.1 p.p.	27.5%	-33.4 p.p.	60.9%	—	—
Effective tax rate	7.6%	-3.3 p.p.	10.9%	+35.0 p.p.	-24.1%	+5.2 p.p.	-29.3%	-36.5 p.p.	7.1%	-6.4 p.p.	13.5%	-110.3 p.p.	123.8%	+147.7 p.p.	-23.9%
Interest coverage	—	—	—	—	7.02×	+140.5%	-17.32×	+77.2%	-76.00×	+13.2%	-87.59×	-2607.6%	3.49×	+468.7%	-0.95×

Newest column (“Last 12M”) = trailing 12 months, the last 4 reported quarters — shown with the quarter range it spans; earlier columns are full fiscal years.

Balance Sheet — Health & Leverage

Metric	Last 12MQ2'25 – Q1'26	Δ	2025	Δ	2024	Δ	2023	Δ	2022	Δ	2021	Δ	2020	Δ	2019
Net debt	-$14,321,000	-11.4%	-$12,860,000	+16.3%	-$15,361,000	+35.8%	-$23,939,000	-36.0%	-$17,606,000	+84.2%	-$111,736,000	-135.4%	-$47,474,000	-329.4%	-$11,057,000
Net Debt / Equity	-0.06×	-11.6%	-0.06×	+8.3%	-0.06×	+39.7%	-0.10×	-55.4%	-0.06×	+81.2%	-0.34×	+45.6%	-0.63×	-167.1%	-0.24×
Net Debt / EBITDA	-0.50×	-0.5%	-0.50×	+53.2%	-1.07×	-122.2%	4.80×	+1292.0%	0.34×	-79.9%	1.72×	+124.8%	-6.92×	+90.5%	-72.74×
Debt / Equity	0.01×	-14.3%	0.01×	-4.6%	0.01×	-24.0%	0.02×	-31.0%	0.02×	-12.8%	0.03×	-82.9%	0.17×	-58.4%	0.40×
Current ratio	3.10×	+2.0%	3.04×	-13.5%	3.51×	+2.0%	3.45×	-25.6%	4.63×	-22.0%	5.94×	+156.9%	2.31×	+2.5%	2.25×
Return on equity (ROE)	10.0%	+1.4 p.p.	8.6%	+3.9 p.p.	4.7%	+10.4 p.p.	-5.7%	+13.4 p.p.	-19.1%	-0.6 p.p.	-18.5%	-17.3 p.p.	-1.2%	+8.6 p.p.	-9.8%
Return on assets (ROA)	6.8%	+1.0 p.p.	5.8%	+2.5 p.p.	3.3%	+7.3 p.p.	-4.0%	+10.6 p.p.	-14.7%	-0.1 p.p.	-14.6%	-13.9 p.p.	-0.7%	+4.0 p.p.	-4.7%
Book value / share	$1.36	+8.2%	$1.26	-5.2%	$1.33	+3.1%	$1.29	-10.5%	$1.44	-15.9%	$1.71	+330.6%	$0.40	+60.7%	$0.25

Newest column (“Last 12M”) = trailing 12 months, the last 4 reported quarters — shown with the quarter range it spans; earlier columns are full fiscal years.

Net Debt & Leverage

Free Cash Flow

Margins

Dividend Payout Ratio

Capex ÷ Revenue

Cash Conversion (operating cash flow ÷ net income)

Ratios computed from company financial statements. Net Debt = total debt − cash & equivalents; FCF = operating cash flow − capital expenditure; absolute values in USD.

Valuation & Dividends

P/E Ratio History

Dividend History

$0.00

VTEX has not paid dividends over the past decade.

Dividends and yield from Yahoo Finance (per ADR share, in US dollars). The current-year figures are calendar year-to-date (dividends actually paid this year), not the trailing 12 months.

Listings

VTEX trades on 2 exchanges. Prices on this page are the NYSE ADR (VTEX).

Exchange	Ticker	Currency
NYSEpriced here	VTEX	USD
B3 (São Paulo)	VTEX34	BRL

Frequently Asked Questions

Why hold VTEX VTEX ADR instead of local B3 shares?

Buying directly on Brazil’s B3 exchange means opening a local brokerage account, converting currency and dealing with Brazilian tax paperwork. ADRs remove that friction: they settle in dollars, follow US market hours, and report in formats foreign investors already understand.

The trade-off is that an ADR’s price reflects two moving parts: (1) the underlying share price, quoted in reais on the B3, and (2) the USD/BRL exchange rate. Because of that second part, a rising company can still deliver a flat, or even negative, dollar return if the real weakens against the dollar. The same applies to ETFs: funds such as EWZ, EWZS and FLBR bundle dozens of these companies into a single ticker for instant diversification, but their dollar value still moves with the real.

Where is VTEX listed?

VTEX trades on 2 exchanges. The line quoted on this page is NYSE in the United States (VTEX, US dollars). It also trades on B3 (São Paulo) in Brazil (VTEX34, Brazilian reais).

On how many exchanges does VTEX trade?

2. NYSE — VTEX (USD) · B3 (São Paulo) — VTEX34 (BRL). Prices shown on this page are the NYSE line, VTEX.

What is VTEX's primary listing?

VTEX's primary listing is on NYSE in the United States, where it trades as VTEX in US dollars — the line quoted on this page. Its Brazilian line, VTEX34 on the B3, is a Brazilian Depositary Receipt rather than a directly listed share.

What is the difference between VTEX and VTEX34?

VTEX is the NYSE-listed share, quoted in US dollars — the company's primary line. VTEX34 is a Brazilian Depositary Receipt over that same share, trading on the B3 in reais. VTEX's operations are mainly in Brazil, and this structure serves both sides: international investors reach the company through the US listing, while Brazilian investors can hold that same US-listed share through the BDR, in reais, without sending money abroad.

How can I buy VTEX stock in the United States?

VTEX is listed on the NYSE under VTEX, priced in US dollars. Any US brokerage offering NYSE-listed securities can trade it, with no foreign-account paperwork and no currency conversion.

As of Fri, Aug 14, 17:00 BRT · Market closed

Financial data last updated: August 9, 2026

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