
Cancel anytime
- Chart
- Upturn Summary
- Highlights
- Revenue
- Valuation
Upturn AI SWOT
- About
VTEX (VTEX)



- BUY Advisory
- SELL Advisory (Profit)
- SELL Advisory (Loss)
- Profit
- Loss
- Pass (Skip investing)


(see disclosures)
- ALL
- YEAR
- MONTH
- WEEK
Upturn Advisory Summary
08/14/2025: VTEX (1-star) is currently NOT-A-BUY. Pass it for now.
1 Year Target Price $8.87
1 Year Target Price $8.87
3 | Strong Buy |
4 | Buy |
2 | Hold |
0 | Sell |
0 | Strong Sell |
Analysis of Past Performance
Type Stock | Historic Profit -21.46% | Avg. Invested days 31 | Today’s Advisory PASS |
Upturn Star Rating ![]() ![]() | Upturn Advisory Performance ![]() | Stock Returns Performance ![]() |
![]() ![]() | ![]() ![]() |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 720.57M USD | Price to earnings Ratio 79.2 | 1Y Target Price 8.87 |
Price to earnings Ratio 79.2 | 1Y Target Price 8.87 | ||
Volume (30-day avg) 9 | Beta 1.34 | 52 Weeks Range 3.93 - 8.03 | Updated Date 08/15/2025 |
52 Weeks Range 3.93 - 8.03 | Updated Date 08/15/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) 0.05 |
Analyzing Revenue: Products, Geography and Growth
Revenue by Products
Product revenue - Year on Year
Earnings Date
Report Date 2025-08-07 | When - | Estimate 0.02 | Actual 0.02 |
Profitability
Profit Margin 4.4% | Operating Margin (TTM) 4.96% |
Management Effectiveness
Return on Assets (TTM) 2.6% | Return on Equity (TTM) 4.05% |
Valuation
Trailing PE 79.2 | Forward PE 42.19 | Enterprise Value 513629378 | Price to Sales(TTM) 3.13 |
Enterprise Value 513629378 | Price to Sales(TTM) 3.13 | ||
Enterprise Value to Revenue 2.23 | Enterprise Value to EBITDA 27.21 | Shares Outstanding 101296000 | Shares Floating 55045696 |
Shares Outstanding 101296000 | Shares Floating 55045696 | ||
Percent Insiders 40.15 | Percent Institutions 45.99 |
Upturn AI SWOT
VTEX
Company Overview
History and Background
VTEX was founded in 1999 in Brazil. Initially a software development company, it pivoted to focus on cloud commerce platforms. It has expanded globally, serving various industries and enabling digital commerce solutions.
Core Business Areas
- Commerce Platform: VTEX offers a unified commerce platform enabling businesses to manage their online and offline sales channels. Includes order management, payment processing, and marketplace integration.
- Order Management System (OMS): Provides a comprehensive OMS that optimizes order fulfillment across various touchpoints, enhancing customer experience and operational efficiency.
- Marketplace: Enables businesses to create and manage their own marketplaces, connecting buyers and sellers and expanding product offerings.
Leadership and Structure
Geraldo Thomaz is the co-founder and co-CEO. Mariano Gomide de Faria is also a co-founder and co-CEO. The company operates with a decentralized team structure, emphasizing agility and innovation.
Top Products and Market Share
Key Offerings
- VTEX Commerce Platform: Provides a composable and complete platform including order management, product information management (PIM), digital experience platform (DXP) and marketplace. Market share is estimated at 15% in Latin America's enterprise segment. Competitors include Salesforce Commerce Cloud (CRM), Shopify (SHOP), and Adobe Commerce (ADBE).
- VTEX Order Management System: Centralizes order processing and fulfillment across all channels, offering features like inventory management, shipping optimization, and returns processing. Market share is smaller than the overall commerce platform, estimated to be around 10% in the regions it operates. Competitors include Manhattan Associates (MANH), Blue Yonder, and Oracle (ORCL) Order Management.
Market Dynamics
Industry Overview
The e-commerce industry is experiencing rapid growth, driven by increasing online shopping adoption and digital transformation initiatives. There is a rising demand for composable commerce platforms to facilitate omnichannel experiences.
Positioning
VTEX positions itself as a composable and unified commerce platform designed for large enterprises and retailers with complex needs. Its competitive advantages include its comprehensive suite of features, global presence, and ability to handle high volumes of transactions.
Total Addressable Market (TAM)
The estimated total addressable market for enterprise commerce platforms is approximately $200 billion. VTEX is positioned to capture a portion of this TAM by offering a composable platform with omnichannel commerce solutions.
Upturn SWOT Analysis
Strengths
- Composable Architecture
- Unified Platform (Commerce, OMS, Marketplace)
- Scalability and Performance
- Strong Presence in Latin America
- Microservices-based Architecture
Weaknesses
- Limited Brand Recognition in North America and Europe
- Complexity in Implementation
- Higher Cost Compared to Basic E-Commerce Platforms
- Reliance on partnerships for some integrations
- Profitability concerns
Opportunities
- Expansion into North America and Europe
- Increasing Adoption of Composable Commerce
- Growing Demand for Omnichannel Solutions
- Partnerships with System Integrators
- Development of new industry-specific solutions
Threats
- Intense Competition from Established Players
- Economic Downturns Impacting Consumer Spending
- Cybersecurity Threats and Data Breaches
- Changes in E-Commerce Regulations
- New Technologies Disrupting the Market
Competitors and Market Share
Key Competitors
- SHOP
- ADBE
- CRM
- ORCL
Competitive Landscape
VTEX differentiates itself through its composable, unified platform. It faces competition from larger, more established players like Salesforce and Adobe, which have broader product portfolios and stronger brand recognition. VTEX is gaining ground in Latin America but needs to increase its market share in North America and Europe.
Major Acquisitions
dCapital
- Year: 2020
- Acquisition Price (USD millions): 20
- Strategic Rationale: Acquisition to enhance financial service and payment processing capabilities on the platform.
Growth Trajectory and Initiatives
Historical Growth: VTEX has experienced significant revenue growth, particularly in Latin America. Its growth has been fueled by the increasing adoption of e-commerce and the company's strategic focus on enterprise-level solutions.
Future Projections: Analysts project continued revenue growth for VTEX, driven by the increasing demand for unified commerce platforms and the company's expansion into new markets. Profitability improvements are also anticipated.
Recent Initiatives: Recent initiatives include partnerships with major technology providers, expansion into new regions, and investments in product development to enhance its platform capabilities.
Summary
VTEX offers a unified and composable e-commerce platform, excelling in Latin America while aiming for global expansion. It faces competition from larger established players, particularly in North America and Europe. While its platform and composability are strengths, improving profitability and brand recognition is vital. Successful execution on recent initiatives and partnerships will be crucial for future growth.
Peer Comparison
Sources and Disclaimers
Data Sources:
- Company Website
- Analyst Reports
- Industry Research Reports
- SEC Filings
Disclaimers:
The information provided is for informational purposes only and should not be construed as investment advice. Market share data is based on estimates and may vary. Financial data is not real-time and should be verified with official sources.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About VTEX
Exchange NYSE | Headquaters - | ||
IPO Launch date 2021-07-21 | Co-founder, Co-CEO, Co-Chairman & Chief Technology Officer Mr. Geraldo do Carmo Thomaz Jr. | ||
Sector Technology | Industry Software - Application | Full time employees 1368 | Website https://vtex.com |
Full time employees 1368 | Website https://vtex.com |
VTEX, together with its subsidiaries, provides software-as-a-service digital commerce platform for enterprise brands and retailers. The company offers 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. It also provides customer support services; and optional services, such as project management, solutions architecting, and implementation consulting services. The company 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. It has operations in Brazil, Argentina, Chile, Colombia, France, Italy, Mexico, Peru, Portugal, Romania, Singapore, Spain, the United Kingdom, the United States, and internationally. The company was founded in 2000 and is headquartered in Grand Cayman, Cayman Islands.

Note: This website is maintained by Upturn Corporation, which is an investment adviser registered with the U.S. Securities and Exchange Commission. Such registration does not imply a certain level of skill or training. Investing in securities has risks. Past performance is no guarantee of future returns. No assurance is provided as to any particular investment return, and you may lose money using our services. You are strongly advised to consult appropriate counsel before making any investments in companies you learn about through our services. You should obtain appropriate legal, tax, investment, accounting, and other advice that takes into account your investment portfolio and overall financial situation. You are solely responsible for conducting due diligence on a potential investment. We do not affect trades for you. You will select your own broker through which to transact. Investments are not FDIC insured, they are not guaranteed, and they may lose value. Please see the Privacy Policy, Terms of Use, and Disclosure for more information.