DLO financial statements
The full income statement, balance sheet, and cash-flow statement for DLocal Limited (DLO), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 1.09B+46.6% | 746M+14.7% | 650M+55.2% | 419M+71.6% | 244M+134.4% | |
| 403M+36.7% | 295M+6.4% | 277M+36.9% | 202M+55.0% | 130M+117.1% | ||
| Cost of revenue | 691M+53.1% | 451M+20.8% | 373M+72.3% | 217M+90.7% | 114M+158.0% | |
| Research & development | 30.7M+19.8% | 25.6M+102.6% | 12.7M+99.3% | 6.35M+87.5% | 3.39M+68.9% | |
| Operating income | 220M+56.5% | 141M-21.8% | 180M+40.5% | 128M+52.6% | 83.8M+170.9% | |
| Interest expense | 27.9M-44.0% | 49.7M-57.5% | 117M+373.6% | 24.7M+4434.6% | 544K+711.9% | |
| Pre-tax income | 229M+51.4% | 151M-15.4% | 179M+48.4% | 120M+40.7% | 85.5M+172.1% | |
| Income tax | 31.8M+3.9% | 30.6M+3.8% | 29.4M+154.0% | 11.6M+51.5% | 7.65M+136.7% | |
| 197M+63.4% | 120M-19.2% | 149M+37.2% | 109M+39.6% | 77.9M+176.2% | ||
| Net income to common | 197M+63.4% | 120M-19.2% | 149M+37.1% | 109M+39.6% | 77.9M+176.3% | |
| $0.65+66.7% | $0.39-20.4% | $0.49+40.0% | $0.35+40.0% | $0.25+150.0% | ||
| EPS (basic) | $0.68+61.9% | $0.42-17.6% | $0.51+37.8% | $0.37+37.0% | $0.27+170.0% | |
| Weighted-avg shares (basic) | 291M+0.3% | 290M-0.7% | 292M-1.2% | 296M+3.0% | 287M+6.9% | |
| Weighted-avg shares (diluted) | 302M-1.1% | 305M+0.7% | 303M-3.3% | 313M+1.4% | 309M+8.5% | |
| Dividends per share | $0.51 | — | — | — | — | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 1.42B+32.4% | 1.07B+5.6% | 1.02B+32.3% | 768M+45.0% | 530M+171.7% | ||
| Cash & equivalents | 720M+69.3% | 425M-20.7% | 536M+14.5% | 468M+39.2% | 336M+200.9% | |
| Accounts receivable | 572M+15.2% | 497M+36.7% | 363M+51.1% | 240M+25.9% | 191M+162.4% | |
| 1.54B+31.6% | 1.17B+8.0% | 1.08B+31.2% | 826M+41.7% | 583M+190.8% | ||
| Property, plant & equipment | 3.98M+18.0% | 3.38M+15.8% | 2.92M+6.7% | 2.73M+10.0% | 2.48M+172.2% | |
| Total non-current assets | 120M+22.1% | 98.4M+43.9% | 68.4M+17.0% | 58.5M+9.3% | 53.5M+853.2% | |
| 966M+42.5% | 678M+8.4% | 625M+48.1% | 422M+41.5% | 298M+92.3% | ||
| Short-term & current debt | — | — | — | — | 5.01M | |
| Total liabilities | 972M+42.4% | 682M+8.4% | 629M+47.5% | 427M+41.0% | 303M+94.8% | |
| 569M+16.4% | 489M+7.4% | 455M+13.9% | 400M+42.6% | 280M+522.2% | ||
| Total equity incl. non-controlling | 569M+16.5% | 489M+7.4% | 455M+13.9% | 400M+42.6% | 280M+522.2% | |
| Common shares issued | — | 285M-3.6% | 296M-0.0% | 296M+0.3% | 295M+9.8% | |
| Shares outstanding (cover) | 295M+3.3% | 285M-3.6% | 296M-0.1% | 296M+0.4% | 295M | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 415M+1367.3% | -32.8M-111.2% | 293M+90.0% | 154M+42.4% | 108M+22.6% | ||
| Depreciation & amortization | 26.3M+52.9% | 17.2M+40.5% | 12.2M+50.1% | 8.15M+71.6% | 4.75M+378.5% | |
| Capital expenditure | 2.28M+33.8% | 1.71M+76.7% | 965K-2.2% | 987K-49.4% | 1.95M+122.5% | |
| Free cash flow | 413M+1298.0% | -34.5M-111.8% | 292M+90.6% | 153M+44.0% | 107M+21.6% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt issued | 0.00 | 0.00 | 0.00-100.0% | 14.8M+195.6% | 5.00M | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00-100.0% | 20.0M | 0.00 | |
| Common stock issued | 51.8M+2.7% | 50.4M | 0.00 | 0.00-100.0% | 63.2M | |
| Common stock repurchased | 0.00-100.0% | 23.0K+64.3% | 14.0K | 0.00 | 0.00 | |
| Dividends paid | 150M | 0.00 | 0.00 | 0.00 | 0.00-100.0% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 4.17B+29.7% | 3.21B-38.6% | 5.24B+14.1% | 4.59B-56.4% | 10.5B | |
| P/E | 21.2×-20.6% | 26.7×-44.6% | 48.2×-18.3% | 59.0×-56.4% | 135.2× | |
| P/S | 3.8×-11.5% | 4.3×-65.5% | 12.5×-33.5% | 18.8×-56.4% | 43.1× | |
| P/B | 7.3×+11.4% | 6.6×-49.8% | 13.1×-20.0% | 16.4×-56.4% | 37.6× | |
| P/FCF | 10.1× | — | 34.1×-20.8% | 43.1×-56.4% | 98.8× | |
| Earnings yield | 4.7%+26.0% | 3.7%+80.6% | 2.1%+22.4% | 1.7%+129.2% | 0.74% | |
| FCF yield | 9.9% | — | 2.9%+26.3% | 2.3%+129.2% | 1.0% | |
| Dividend yield | 3.6% | — | — | — | — | |
| Source filing | 20-F | 20-F | 20-F | 20-F | 20-F |
About this data
Source: DLO’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all DLO filings on SEC EDGAR → Not investment advice.