Vtex

VTEXKY

VTEX delivers a cloud-based digital commerce platform specifically designed for major brands and retailers. This robust solution empowers its clients to achieve their e-commerce goals, enabling them to construct online storefronts, manage and integrate orders seamlessly across multiple sales channels, and establish digital marketplaces for selling goods from third-party suppliers. The company's operations span a wide international footprint, including Brazil, Argentina, Chile, Colombia, France, Italy, Mexico, Peru, Portugal, Romania, Spain, the United Kingdom, and the United States. VTEX was established in the year 2000, with its main corporate office situated in London, UK.

Founded2000IPO year2021As of2026-08-04
Market Cap
$787M
Enterprise Value
$595M
EV / LTM Revenue
2.5x
EV / NTM Revenue
2.1x
Trading multiples

Enterprise value over trailing (LTM) vs. forward (NTM) fundamentals. Click an LTM cell to chart it.

LTM
trailing
NTM
forward
Revenue
2.1x
Gross Profit
2.7x
EBITDA
3.8x
Classification
Sector
Application Software
Sub-sector
Vertical Applications
Listing
VTEX
Country
KY
Historical valuation & fundamentals

EV / LTM Revenue

Annual financials & analyst forecasts

$MCY2021CY2022CY2023CY2024CY2025CY2026ECY2027E
Revenue YoY25%28%12%6%12%9%
Revenue$126M$158M$202M$227M$241M$269M$293M
Gross Profit$76M$105M$141M$167M$186M
Gross Profit Margin60.6%66.5%69.8%73.8%77.5%
EBITDA($66M)($68M)$0.76M$30M$26M$150M$164M
EBITDA Margin-52.4%-43.3%0.4%13.2%10.7%55.8%55.8%
EBIT($66M)($50M)($15M)$8M$18M$149M$163M
Net Income($61M)($52M)($14M)$15M$20M$38M$43M
Free Cash Flow($53M)($30M)$4M$25M$32M
FCF Margin-42.0%-18.8%1.9%11.1%13.4%
Short-Term Debt$2M$1M$0M$0M$0M
Long-Term Debt$1M$0M$0M$0M$0M
Cash & Cash Equivalents$121M$24M$28M$19M$16M
Net Debt($118M)($23M)($28M)($19M)($16M)
Net Debt / EBITDA-36.9x-0.6x-0.6x
Rule of 406.6%29.7%23.6%19.5%
Figures in $M. True calendar years (Jan–Dec) built from quarterly data — income & cash-flow lines summed across the four quarters, balance sheet as of year-end. E columns are calendarized analyst consensus — gross profit, cash flow and balance-sheet lines are not estimated. Net debt = short-term debt + long-term debt − cash & cash equivalents; Rule of 40 = YoY revenue growth + FCF margin.