DLocal Limited

NASDAQ•DLO

CEO: Mr. Pedro Arnt

Sector: Technology

Industry: Software - Infrastructure

Listing Date: 2021-06-03

DLocal Limited operates a payment processing platform worldwide. The company offers pay-in solution which the business and get paid for their products and services through various payment methods, including international and local cards, online bank transfers and direct debit, cash, and alternative payment methods. It also provides pay-out solution used for merchants to scale pay-out operations. In addition, the company offers dLocal for Platforms, an end-to-end payment solution that offers a range of services to help platforms manage payments. It serves its products to commerce, streaming, ride-hailing, financial services, advertising, SaaS, travel, e-learning, on-demand delivery, and gaming and crypto industries. DLocal Limited was founded in 2016 and is headquartered in Montevideo, Uruguay.

Contact Information

World Trade Centre Free Zone Tower 2, Floor 15 and 16 Dr. Luis Bonavita 1294, Montevideo, 11300, Uruguay

598-290-45682

www.dlocal.com

Market Cap

$3.48B

P/E (TTM)

18.5

38.7

Dividend Yield

1.6%

52W High

$16.78

52W Low

$9.75

52W Range

30%

Rank36Top 31.8%

4.5

F-Score

Modified Piotroski Analysis

Based on 6-year fundamentals

Average • 4.5 / 9 points

Scoring Range (0-9)

8-9: Excellent Value

6-7: Strong Fundamentals

4-5: Average Quality

0-3: Weak Performance

Data Period: 2020-2025

Financial Dashboard

Q1 2026 Data

Revenue

$335.86M+0.00%

4-Quarter Trend

EPS

$0.14+0.00%

4-Quarter Trend

FCF

$83.04M+0.00%

4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

TPV and Revenue Surge TPV reached 40.8 B USD, growing 59.6%. Total Revenues hit 1.094 B USD, up 46.6% from prior year.

Profitability and Margins Solid Profit for the year was 196.9 M USD, increasing 63.4%. Adjusted EBITDA Margin held steady at 25.4% for 2025.

Strong Existing Merchant Retention Existing Merchants drove 98.8% of 2025 TPV, showing strong customer loyalty and platform adoption across verticals.

Technology Investment Growth Technology & Development FTEs increased to 458 employees supporting platform evolution. Capital expenditures totaled 36.8 M USD.

Risk Factors

Reliance on Top Merchants Top 10 customers generated 61% of 2025 revenues; loss of major contracts materially harms financial performance.

Industry Pace and Competition Failure to keep pace with rapid industry changes and intense competition may reduce service adoption and revenues.

Emerging Market Regulatory Exposure Substantial portion of users concentrated in Latin America exposes services to disproportionate political and regulatory risks.

Cybersecurity and System Failures System interruptions or security breaches could impair operations, damage reputation, and lead to litigation exposure.

Outlook

Deepen Global Merchant Relationships Strategy centers on growing existing enterprise merchant base and expanding service use across new markets and products.

Continued AI and Tech Focus Ongoing investment in AI, including GenAI for development and customer response, aims to enhance efficiency and conversion.

Capital Allocation Strategy Intend to pay annual cash dividends equal to 30% of prior year Adjusted Free Cash Flow, balancing growth investment.

Board Governance Enhancements Completed transition to a nine-person, majority-independent Board of Directors in December 2025 for stronger oversight.

Peer Comparison

Revenue (TTM)

$3.73B

-3.0%

BDC

$2.79B

+9.3%

WEX

$2.70B

+3.3%

Gross Margin (Latest Quarter)

QLYS

83.4%

+2.4pp

CLBT

82.5%

-1.7pp

BOX

79.5%

-0.3pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
DOCN	$16.29B	61.3	154.3%	35.0%
ST	$7.18B	148.4	1.7%	41.8%
WEX	$5.03B	16.1	27.0%	34.0%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

9.4%

Steady Growth

4Q Net Income CAGR

-0.7%

Stable Profitability

Cash Flow Stability

100%

Strong Cash Flow

Deep Research

Next earnings:Aug 12, 2026

EPS:$0.20

Revenue:$365.57M

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data