VTEX on NYSE

VTEX

Prepackaged software services company in the Cayman Islands1

In its 2026 annual report (Form 20-F) the company says: “VTEX is a publicly-held company listed on the NYSE since July 2021, and therefore subject to certain reporting requirements of the Exchange Act.”4 It is headquartered in Grand Cayman, Cayman Islands.1

Price unavailable

Last updated Oct 20, 2026.

Overview

$240.5MRevenue, fiscal 20252
$20.0MNet income, fiscal 20252

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  • TickerVTEX on NYSE1
  • IndustryServices-Prepackaged Software1
  • HeadquartersGrand Cayman, Cayman Islands1
  • Incorporated inCayman Islands3
  • Business addressC/O Campbells Corporate Services Limited, Floor 4, Willow House, Cricket Square, Grand Cayman, E9 Ky1-90103
  • Filer categoryAccelerated filer, Emerging growth company3

VTEX started its journey in 2000, founded by Geraldo do Carmo Thomaz Júnior and Mariano Gomide de Faria. The first 10 years of our company was a moment of learning and pivoting our business model until consolidating as a SaaS Commerce Platform in 2010.4 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

77.5%Gross margin2
7.5%Operating margin2
8.3%Net margin2
6.1%Revenue growth, 20252
8.6%Return on equity2
$32.3MFree cash flow2

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Subscription brought in 98% of the revenue VTEX broke down this way in fiscal 2025.

  1. Subscription$234.9M298%up 8% from 2024
  2. Service$5.6M22%down 38% from 2024
Products and services by year
Products and services202320242025
Subscription$189.6M$217.7M$234.9M
Service$11.2M$9.0M$5.6M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Cost of revenue23¢$54.2M
  • Research and development27¢$63.9M
  • Other costs42¢$100.0M
  • Income tax1¢$2.5M
  • Profit8¢$20.0M

Out of $240.5M in revenue.2

Where each dollar of operating cash went, fiscal 2025

  • Capital spending2¢$1.0M
  • Share buybacks98¢$59.1M

Out of $33.4M of cash from operations. Spending exceeded cash from operations; the rest came from savings or borrowing.2

Financial statements

Revenue56782$240.5M in 2025+292% since 2019
0$100.0M$200.0M$300.0M2019: $61.3M$61.3M20192020: $98.7M$98.7M2020+61%2021: $125.8M$125.8M2021+27%2022: $157.6M$157.6M2022+25%2023: $200.8M$200.8M2023+27%2024: $226.7M$226.7M2024+13%2025: $240.5M$240.5M2025+6%
Gross profit56782$186.3M in 2025+354% since 2019
0$50.0M$100.0M$150.0M$200.0M2019: $41.1M$41.1M20192020: $63.8M$63.8M2020+55%2021: $76.2M$76.2M2021+19%2022: $104.8M$104.8M2022+38%2023: $139.8M$139.8M2023+33%2024: $167.0M$167.0M2024+19%2025: $186.3M$186.3M2025+12%
Operating income56782$18.1M in 2025
-$75.0M-$50.0M-$25.0M0$25.0M2019: -$1.8M-$1.8M20192020: $6.5M$6.5M20202021: -$65.9M-$65.9M20212022: -$49.9M-$49.9M2022−24%2023: -$14.0M-$14.0M2023−72%2024: $7.4M$7.4M20242025: $18.1M$18.1M2025+145%
Net income56782$20.0M in 2025
-$75.0M-$50.0M-$25.0M0$25.0M2019: -$4.6M-$4.6M20192020: -$825.0K-$825.0K2020−82%2021: -$60.5M-$60.5M2021+7235%2022: -$52.4M-$52.4M2022−13%2023: -$15.8M-$15.8M2023−70%2024: $15.8M$15.8M20242025: $20.0M$20.0M2025+27%

Every line of the income statement as filed: the last 3 fiscal years, latest first.2

Period ending2025-12-312024-12-312023-12-31
Revenue$240.5M$226.7M$200.8M
Cost-$54.2M-$59.7M-$61.0M
Gross profit$186.3M$167.0M$139.8M
General and administrative-$34.0M-$34.3M-$32.4M
Sales and marketing-$68.6M-$68.6M-$59.4M
Research and development-$63.9M-$55.4M-$60.2M
Other losses-$1.7M-$1.3M-$1.9M
Income (loss) from operation$18.1M$7.4M-$14.0M
Other income, net$4.4M$5.9M$1.6M
Income (loss) before income tax$22.5M$13.3M-$12.5M
Total income tax-$2.5M$2.5M-$3.4M
Net income (loss) for the year$20.0M$15.8M-$15.9M
Less: net income (loss) attributable to non-controlling interest$18.0K-$8.0K-$10.0K
Net income (loss) attributable to controlling shareholders$20.0M$15.8M-$15.8M
Basic earnings (loss) per share$0.11$0.09-$0.09
Diluted earnings (loss) per share$0.11$0.08-$0.09

Compare VTEX with another company

Corporate structure

VTEX sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of VTEX

  • Internacional Gestao De Recursos Ltda. Dynamo Filed SCHEDULE 13G/A on VTEX, latest Feb 14, 2025 (4 filings since Feb 14, 2023)
  • Polar Capital Holdings Plc Filed SCHEDULE 13G/A on VTEX, latest Feb 14, 2025 (2 filings since Nov 13, 2024)
  • Mira Ltd Filed SC 13G/A on VTEX, latest Feb 26, 2024 (2 filings since Feb 14, 2024)
  • MGF Trust Filed SC 13G/A on VTEX, latest Feb 14, 2024 (3 filings since Mar 30, 2022)
  • Capital Research Global Investors Filed SC 13G/A on VTEX, latest Feb 9, 2024 (2 filings since Feb 13, 2023)
  • Fourth Sail Capital LP Filed SC 13G/A on VTEX, latest Feb 9, 2024 (3 filings since Nov 3, 2022)
  • SB Global Advisers Ltd Filed SC 13D/A on VTEX, latest Apr 11, 2023
  • Riverwood Capital Partners II (Parallel-B) L.P. Filed SC 13D/A on VTEX, latest Mar 29, 2023 (3 filings since Feb 14, 2022)
  • Itacare Corp Filed SC 13G/A on VTEX, latest Feb 14, 2023 (2 filings since Feb 14, 2022)
  • LONE PINE CAPITAL LLC Filed SC 13G/A on VTEX, latest Feb 14, 2023 (2 filings since Feb 14, 2022)
  • TIGER GLOBAL MANAGEMENT LLC Filed SC 13G/A on VTEX, latest Dec 23, 2022 (2 filings since Mar 30, 2022)
  • GIC Private Limited Filed SC 13G on VTEX, latest Nov 26, 2021
  • VTEX Grand Cayman, Cayman Islands

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What VTEX reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$8.6M2 Dec 31, 2025$6.8M2 Dec 31, 2024+27.0%
Accumulated depreciation$5.4M2 Dec 31, 2025$3.8M2 Dec 31, 2024+40.8%
Property and equipment, net$3.2M2 Dec 31, 2025$3.0M2 Dec 31, 2024+9.3%
Operating-lease assets (leased space)$2.8M2 Dec 31, 2025$3.2M2 Dec 31, 2024−14.6%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$15.7M2 Dec 31, 2025$18.7M2 Dec 31, 2024−15.7%
Marketable securities, current$176.4M2 Dec 31, 2025$196.1M2 Dec 31, 2024−10.1%
Debt securities available for sale$181.9M2 Dec 31, 2025
Stakes in other companies (equity method)$9.6M2 Dec 31, 2025$9.6M2 Dec 31, 20240%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$26.3M2 Dec 31, 2025$22.2M2 Dec 31, 2024+18.7%
Intangible assets, net (excluding goodwill)$29.0M8 Dec 31, 2024$30.0M8 Dec 31, 2023−3.4%
Finite-lived intangibles, gross$20.9M2 Dec 31, 2025$16.9M2 Dec 31, 2024+23.5%
Accumulated amortization$13.0M2 Dec 31, 2025$10.1M2 Dec 31, 2024+28.3%
Finite-lived intangibles, net$7.9M2 Dec 31, 2025$6.8M2 Dec 31, 2024+16.5%

Leadership

Who has led VTEX, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (6)

Timeline

  1. Mar 18, 2026New chief executive De Faria Mariano Gomide becomes CEO10
  2. Mar 18, 2026New chief executive Carmo Thomaz Junior Geraldo Do becomes CEO9

Calendar

Coming up

  1. Nov 5, 2026Reports results for the quarter ending Sep/2026 A year earlier it reported $0.03 a share, on Nov 6, 2025.18

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

283 filings to the SEC since October 2021: 5 annual reports, 79 insider forms, 27 large holders, 172 other. The latest 20:

  1. Oct 14, 20264 EDGAR
  2. Oct 14, 20264 EDGAR
  3. Oct 13, 2026144 EDGAR
  4. Oct 13, 2026144 EDGAR
  5. Oct 9, 2026144 EDGAR
  6. Oct 2, 20264 EDGAR
  7. Oct 2, 20264 EDGAR
  8. Oct 2, 20264 EDGAR
  9. Oct 2, 20264 EDGAR
  10. Sep 17, 20264 EDGAR
  11. Sep 16, 2026144 EDGAR
  12. Sep 16, 2026144 EDGAR
  13. Aug 28, 20264 EDGAR
  14. Aug 28, 20264 EDGAR
  15. Aug 28, 20264 EDGAR
  16. Aug 26, 20264 EDGAR
  17. Aug 25, 20264 EDGAR
  18. Aug 24, 2026144 EDGAR
  19. Aug 19, 20264 EDGAR
  20. Aug 19, 20264 EDGAR

The 283 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

49 open-market trades by officers, directors and large owners since October 2021: 0 buys and 49 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Sep 16, 2026Gomes Andre Spolidoro FerreiraChief Strategy OfficerSale6,000$3.68$22.1KForm 4
Aug 24, 2026Scannapieco Alejandro RaulDirectorSale11,994$3.67$44.0KForm 4
Aug 18, 2026do Carmo Thomaz Junior GeraldoChief Executive OfficerSale43,203$3.52$152.1KForm 4
Aug 18, 2026Gomide de Faria MarianoChief Executive OfficerSale43,203$3.52$152.1KForm 4
Aug 17, 2026do Carmo Thomaz Junior GeraldoChief Executive OfficerSale76,797$3.58$274.9KForm 4
Aug 17, 2026Gomide de Faria MarianoChief Executive OfficerSale76,797$3.58$274.9KForm 4
Aug 17, 2026Gomes Andre Spolidoro FerreiraChief Strategy OfficerSale6,000$3.57$21.4KForm 4
Aug 10, 2026Gomes Andre Spolidoro FerreiraChief Strategy OfficerSale15,000$4.04$60.6KForm 4
Aug 10, 2026Gomide de Faria MarianoChief Executive OfficerSale4,808$4.05$19.5KForm 4
Aug 10, 2026do Carmo Thomaz Junior GeraldoChief Executive OfficerSale4,808$4.05$19.5KForm 4
Aug 3, 2026Gomide de Faria MarianoChief Executive OfficerSale4,808$4.40$21.2KForm 4
Aug 3, 2026do Carmo Thomaz Junior GeraldoChief Executive OfficerSale4,808$4.40$21.2KForm 4
Jul 27, 2026Gomide de Faria MarianoChief Executive OfficerSale4,808$4.01$19.3KForm 4
Jul 27, 2026do Carmo Thomaz Junior GeraldoChief Executive OfficerSale4,808$4.01$19.3KForm 4
Jul 20, 2026Gomide de Faria MarianoChief Executive OfficerSale4,808$4.22$20.3KForm 4
Jul 20, 2026do Carmo Thomaz Junior GeraldoChief Executive OfficerSale4,808$4.22$20.3KForm 4
Jul 16, 2026Gomes Andre Spolidoro FerreiraChief Strategy OfficerSale6,000$4.04$24.2KForm 4
Jul 13, 2026Gomide de Faria MarianoChief Executive OfficerSale4,808$4.09$19.7KForm 4
Jul 13, 2026do Carmo Thomaz Junior GeraldoChief Executive OfficerSale4,808$4.09$19.7KForm 4
Jul 6, 2026do Carmo Thomaz Junior GeraldoChief Executive OfficerSale4,808$4.06$19.5KForm 4

All 49 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How VTEX is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARVTEX1
  • CIK0001793663
  • Filer statusAccelerated filer an emerging growth company; not a shell company4
  • Incorporated inCayman Islands4
  • Fiscal year endsDecember 311
  • Industry code (SIC)7372 Services-Prepackaged Software1
  • SEC reviewing officeOffice of Technology, Division of Corporation Finance1
  • Business addressC/O Campbells Corporate Services Limited, Floor 4, Willow House, Cricket Square, Grand Cayman, E9 KY1-90101
  • Phone00000000001
  • Shares outstanding92,576,749 Common Class A shares; 80,416,730 Common Class B shares as of Dec 31, 20254
  • AuditorPricewaterhouseCoopers, Rio de Janeiro, Brazil PCAOB ID 1351; it also attests to the company’s internal control over financial reporting4
  • On EDGAR sinceNov 8, 20191
  • Filings309 in all: 144 (96), 4 (70), 6-K (69), SC 13G/A (14), SC 13G (10), 3 (9), S-8 (7), 20-F (5)1
    All 23 form types

    CORRESP (5), UPLOAD (4), DRSLTR (3), D (2), F-1/A (2), SC 13D (2), SC 13D/A (2), SCHEDULE 13G/A (2), 424B4 (1), 8-A12B (1), CERT (1), DRS (1), DRS/A (1), EFFECT (1), F-1 (1)

  • Latest filingsAnnual report (20-F) Feb 26, 2026

Securities registered for trading

ClassSymbolExchange
Class A common shares, nominal value of US$0.0001VTEXNew York Stock Exchange

From the cover page of the 20-F filed Feb 26, 2026 (Section 12(b) of the Exchange Act).4

Sources

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