Vtex (VTEX)

NYSE: VTEX · Services-Prepackaged Software · Grand Cayman, KY · filing with the SEC since 2019

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Grade6.2

◀ Past 7.3● Present 6.2▶ Future 5.4

2 est.

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

The grade of Vtex

Nine metrics read from its own filings, by tense

Headline grade

6.2/10

◀ Past7.325% of the headline

● Present6.235% of the headline

▶ Future5.440% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 7 read as filed from the record and 2 are SI estimates, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

7.3/1025% of the headline grade · 3 of 3 filed

Surviving crises

as filed

7.3/10

Has it survived what it has been through?

No warning events in its filings since 2019.

weight 22% of this tense · 73rd percentile among 230 sector filers · read for itself

From the record

Vtex's filings since 2019 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed

6.2/10

What has it actually done, year after year?

+9.4% a year over 3 filed years; profitable in 2 of 3.

weight 45% of this tense · 62nd percentile among 213 sector filers · read for its customers

From the record

Vtex's 3 filed years say what it did: revenue went from $201 million in fiscal 2023 to $241 million in fiscal 2025, up 9.4% a year; it rose in 2 of 2 years; it never fell from a peak; net income was positive in 2 of 3 of those years (its annual reports).

What it rests on

revenue growth over the filed span9.4%bottom 26% of its family
the share of years revenue rosetop 27% of its family
the share of filed years with a profittop 23% of its family
the deepest fall from a revenue peak0.0%top 27% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed

8.7/10

How has it treated the people who own it?

Share count shrank 0.3% a year. 100% of cash flow returned. Insiders: 68 sales, 0 purchases.

weight 33% of this tense · 87th percentile among 152 sector filers · read for its shareholders

From the record

Over the 2 fiscal years to 2025-12-31, Vtex's diluted share count shrank about 0.3% a year, and dividends and buybacks returned about 100% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 68 sales (54 under scheduled 10b5-1 plans) and 0 purchases of their own stock on the open market in the year to 2026-11-12 (their Form 4 filings).

What it rests on

the share count over the yearstop 20% of its family
cash returned against operating cash flowtop 6% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

6.2/1035% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed

7.8/10

Is it financially healthy right now?

ROE 9%: 9¢ of profit per shareholder dollar. Leverage 33%: owes 33¢ per asset dollar.

weight 45% of this tense · 78th percentile among 217 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, Vtex earned about 9 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 54 cents per dollar of everything the company owns. Leverage: it owed about 33 cents per dollar of assets, and net share issuance: its share count shrank 3.8% over the year (the filed statements).

What it rests on

what it owes per dollar of assetstop 31% of its family
return on equitytop 32% of its family
gross profit against assetstop 17% of its family
the share count against the year beforetop 7% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed

5.0/10

How strong is its position in its industry?

bottom 50% of 218 in its family; net margin 8.3%.

weight 33% of this tense · 50th percentile among 218 sector filers · read for its customers

From the record

Vtex's standing among 218 graded names in its industry family: revenue of $241 million in fiscal 2025 ranks in the bottom 39% by size; a net margin of 8.3% ranks in the top 31%; revenue growth of 9.4% a year over the last 2 filed years ranks in the bottom 41% (its annual reports).

What it rests on

revenue against the family$241Mbottom 39% of its family
net margin8.3%top 31% of its family
three-year revenue growth9.4%bottom 41% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate

4.8/10

What are the people in charge doing?

SI estimate 4.8/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 157 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 157 members with one.
What the record cannot read: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned: family median, 157 readings behind it.
Confidence: 20 of 100
What would change it: Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Vtex's leadership is put at 4.8 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 157 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

5.4/1040% of the headline grade · 2 of 3 filed, 1 estimated

Room to expand

as filed

5.5/10

How much room does it have to grow?

top 45% of 216 in its family for room to expand.

weight 22% of this tense · 55th percentile among 216 sector filers · read for itself

From the record

Vtex's room to grow, from the newest filed statements (fiscal 2025): cash of $16 million against no long-term debt tagged leaves 4.5% of its assets as net cash, bottom 31% of its family; cash from operations less capital spending is 13.4% of revenue (bottom 48%); a gross margin of 77.5% (top 29%); research spending of 26.6% of revenue (top 32%) (its annual report).

What it rests on

cash less debt against assets4.5%bottom 31% of its family
cash from operations less capital spending against revenue13.4%bottom 48% of its family
gross margin77.5%top 29% of its family
research spending against revenue26.6%top 32% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed

5.7/10

What could actually drive growth from here?

top 43% of 213 in its family for growth drivers.

weight 45% of this tense · 57th percentile among 213 sector filers · read for its customers

From the record

Vtex's growth drivers, from the filed years to fiscal 2025: revenue grew 9.4% a year over the last three filed years against 9.4% over all 3, speeding up (top 27% of its family); the newest year grew 6.1% (bottom 30%); research spending grew 3% a year (bottom 39%); capital spending grew 47.5% a year (top 14%) (its annual reports). Vtex reported 2 product lines in fiscal 2025: Subscription at $235 million (98%), Service at $6 million (2%); 1 of 2 grew against the year before (its annual report).

What it rests on

three-year growth against the whole span+0.0 points a yeartop 27% of its family
the newest year's revenue growth6.1%bottom 30% of its family
three-year growth of research spending3.0%bottom 39% of its family
three-year growth of capital spending47.5%top 14% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

SI estimate

5.1/10

Did its newest year beat what its own record pointed to?

SI estimate 5.1/10, confidence 20 of 100 (family median).

weight 33% of this tense · 50th percentile among 194 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: The record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change, so the desk assumes the typical reading of its industry family, the median of 194 members with one.
What the record cannot read: The record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change.
How it was reasoned: family median, 194 readings behind it.
Confidence: 20 of 100
What would change it: Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Vtex's expectations vs reality is put at 5.1 of 10 with a confidence of 20 of 100, because the record does not carry four filed years of revenue and two of the three parts: revenue against the prior pace, earnings against the prior average, the margin change, so the desk assumes the typical reading of its industry family, the median of 194 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton VTEX · research, not advice