Financials VTEX Sao Paulo

Stocks

V2TX34

BRV2TXBDR008

Software

Delayed Sao Paulo 23:16:14 14/08/2026 +04			5-day change	1st Jan Change
19.50 ^BRL	+5.63%		-11.84%	-5.52%

08-08	VTEX, Q2 2026 Earnings Call, Aug 06, 2026
08-07	Tranche Update on VTEX's Equity Buyback Plan announced on February 26, 2026.	CI

Projected Income Statement: VTEX

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Net sales ¹	125.8	157.6	201.5	226.7	240.5	268.4	290.8	305.6
Change	-	25.32%	27.85%	12.5%	6.09%	11.57%	8.36%	5.09%
EBITDA ¹	-39.03	-30.48	12.72	14.47	21.37	44.49	54.04	59
Change	-	21.89%	141.72%	13.74%	47.74%	108.16%	21.48%	9.18%
EBIT ¹	-43.1	-35.1	7.7	10.1	18.11	39.89	50.11	58.98
Change	-	18.56%	121.94%	31.21%	79.23%	120.26%	25.62%	17.72%
Interest Paid	-4.644	-7.631	3.007	-0.442	-	-	-	-
Earnings before Tax (EBT) ¹	-69.99	-56.44	-10.59	9.663	22.48	46.74	55.99	63.48
Change	-	19.35%	81.24%	191.27%	132.65%	107.9%	19.79%	13.38%
Net income ¹	-60.51	-52.42	-13.69	12	20.01	36.52	42.41	46.76
Change	-	13.37%	73.89%	187.66%	66.78%	82.51%	16.13%	10.27%
Announcement Date	24/02/22	02/03/23	27/02/24	25/02/25	26/02/26	-	-	-

¹USD in Million

Estimates

Fiscal Period: December	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2	2026 Q3	2026 Q4	2027 Q1	2027 Q2	2027 Q3	2027 Q4	2028 Q1	2028 Q2
Net sales ¹	31.86	37.12	34.67	38.71	38.75	45.48	42.28	47.89	50.63	60.72	52.65	56.54	56	61.52	54.16	58.79	59.61	67.95	60.7	64.39	63.71	74.94	65.92	69.69	69.6	80.38	71.28	76.19
Change	-	16.48%	-6.6%	11.67%	0.1%	17.37%	-7.04%	13.25%	5.73%	19.94%	-13.3%	7.39%	-0.96%	9.87%	-11.96%	8.54%	1.39%	14%	-10.68%	6.08%	-1.06%	17.63%	-12.04%	5.72%	-0.13%	15.49%	-11.33%	6.89%
EBITDA ¹	-12.27	-9.668	-12.61	-16.39	-4.827	3.338	-2.874	-0.232	3.005	12.82	-0.477	2.81	3.973	8.16	1.5	3.737	5.022	12.09	6.716	10.53	10.09	15.64	9.226	12.4	12.14	17.11	10.93	14.58
Change	-	21.23%	-30.39%	-30.01%	70.55%	169.15%	-186.1%	91.93%	1,395.26%	326.59%	-103.72%	689.1%	41.39%	105.39%	-81.62%	149.13%	34.39%	140.68%	-44.44%	56.76%	-4.19%	55.08%	-41.02%	34.41%	-2.1%	40.95%	-36.13%	33.42%
EBIT ¹	-13.3	-10.9	-13.7	-17.5	-6	2.1	-4.1	-1.5	1.7	11.6	-1.59	1.695	2.872	7.126	-0.197	2.913	4.169	11.22	5.844	9.66	8.867	14.4	8.025	11.3	11.07	16.01	9.853	13.6
Change	-	18.05%	-25.69%	-27.74%	65.71%	135%	-295.24%	63.41%	213.33%	582.35%	-113.71%	206.6%	69.44%	148.12%	-102.76%	1,578.68%	43.12%	169.2%	-47.93%	65.3%	-8.21%	62.4%	-44.27%	40.84%	-2.02%	44.56%	-38.44%	38%
Charge d'intérêts	-	-1.369	-4.721	-5.426	-0.19	2.706	1.456	0.114	1.078	0.359	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Earnings before Tax (EBT) ¹	-	-14.32	-21.18	-24.08	-11.21	0.027	-7.907	-6.646	-2.115	6.081	-4.966	4.47	2.272	7.887	1.44	3.801	6.376	10.86	4.082	11.33	10.47	16.06	4.807	13.06	13.07	18.11	6.603	15.52
Change	-	-	-47.87%	-13.73%	53.45%	100.24%	-29,385.19%	15.95%	68.18%	387.52%	-181.66%	190.01%	-49.17%	247.14%	-81.74%	163.96%	67.75%	70.39%	-62.43%	177.49%	-7.6%	53.41%	-70.06%	171.67%	0.08%	38.55%	-63.53%	135.06%
Net income ¹	-21.96	-10.62	-19.09	-21.46	-11.54	-0.323	-7.928	-6.611	-2.374	3.226	-2.446	4.935	3.245	6.264	0.858	2.994	6.351	9.807	4.061	10.04	8.067	12.26	4.09	9.919	9.909	13.54	5.46	11.76
Change	-	51.61%	-79.67%	-12.44%	46.23%	97.2%	-2,354.49%	16.61%	64.09%	235.89%	-175.82%	301.76%	-34.25%	93.04%	-86.3%	248.95%	112.12%	54.42%	-58.59%	147.16%	-19.62%	52.03%	-66.65%	142.52%	-0.1%	36.67%	-59.69%	115.44%
Announcement Date	17/11/21	24/02/22	12/05/22	11/08/22	10/11/22	02/03/23	09/05/23	08/08/23	07/11/23	27/02/24	07/05/24	06/08/24	05/11/24	25/02/25	06/05/25	07/08/25	06/11/25	26/02/26	07/05/26	06/08/26	-	-	-	-	-	-	-	-

¹USD in Million

Estimates

Forecast Balance Sheet: VTEX

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Net Debt ¹	-289	-232	-205	-211	-189	-236	-264	-289
Change	-	19.72%	11.64%	-2.93%	10.43%	-24.72%	-11.86%	-9.47%
Announcement Date	24/02/22	02/03/23	27/02/24	25/02/25	26/02/26	-	-	-

¹USD in Million

Estimates

Cash Flow Forecast: VTEX

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
CAPEX ¹	1.383	0.34	0.472	2.069	1.039	3.258	2.759	2.803
Change	-	-75.42%	38.82%	338.35%	-49.78%	213.55%	-15.3%	1.57%
Free Cash Flow (FCF) ¹	-54.37	-29.56	3.8	25.2	32.3	32	26	39
Change	-	45.63%	112.85%	563.16%	28.17%	-0.93%	-18.75%	50%
Announcement Date	24/02/22	02/03/23	27/02/24	25/02/25	26/02/26	-	-	-

¹USD in Million

Estimates

Forecast Financial Ratios: VTEX

Fiscal Period: December	2021	2022	2023	2024	2025	2026	2027	2028
Profitability
EBITDA Margin (%)	-31.03%	-19.34%	6.31%	6.38%	8.89%	16.58%	18.58%	19.31%
EBIT Margin (%)	-34.27%	-22.27%	3.82%	4.46%	7.53%	14.86%	17.23%	19.3%
EBT Margin (%)	-55.64%	-35.81%	-5.25%	4.26%	9.35%	17.42%	19.25%	20.77%
Net margin (%)	-48.11%	-33.26%	-6.79%	5.29%	8.32%	13.61%	14.58%	15.3%
FCF margin (%)	-43.23%	-18.76%	1.89%	11.12%	13.43%	11.92%	8.94%	12.76%
FCF / Net Income (%)	89.86%	56.4%	-27.76%	210.04%	161.42%	87.62%	61.31%	83.4%
Profitability
ROA	-	-13.57%	-3.92%	3.39%	5.65%	9.25%	10.98%	11.17%
ROE	-30.04%	-17.42%	-5.32%	4.84%	8.21%	13.54%	14.58%	14.57%
Financial Health
Leverage (Debt/EBITDA)	-	-	-	-	-	-	-	-
Debt / Free cash flow	-	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	1.1%	0.22%	0.23%	0.91%	0.43%	1.21%	0.95%	0.92%
CAPEX / EBITDA (%)	-3.54%	-1.12%	3.71%	14.3%	4.86%	7.32%	5.11%	4.75%
CAPEX / FCF (%)	-2.54%	-1.15%	12.42%	8.21%	3.22%	10.18%	10.61%	7.19%
Items per share
Cash flow per share ¹	-0.0292	-0.1532	0.0228	0.1417	0.1803	0.1772	0.2697	-
Change	-	-425.51%	114.91%	520.13%	27.24%	-1.73%	52.24%	-
Dividend per Share ¹	-	-	-	-	-	-	0.0455	0.0675
Change	-	-	-	-	-	-	-	48.43%
Book Value Per Share ¹	1.802	1.453	1.306	1.384	1.35	1.598	1.797	2.035
Change	-	-19.36%	-10.15%	5.98%	-2.46%	18.39%	12.43%	13.29%
EPS ¹	-0.333	-0.275	-0.073	0.062	0.108	0.2049	0.2348	0.2596
Change	-	17.42%	73.45%	184.93%	74.19%	89.69%	14.63%	10.54%
Nbr of stocks (in thousands)	190,109	191,648	187,825	184,822	177,686	165,332	165,332	165,332
Announcement Date	24/02/22	02/03/23	27/02/24	25/02/25	26/02/26	-	-	-