DLONasdaqServices-Business Services, NECFiscal year ends December 31
dLocal Ltd
Financials through Q4 FY2025, quarter ended Dec 31, 2025Last filing: 20-F on Mar 18, 2026
$14.73+0.06 (+0.41%)
Close on Oct 19, 2026
- Market cap
- $4.45B
- P/E (TTM)
- 22.7
- Dividend yield
- –
dLocal statistics
Financials through Dec 31, 2025, price as of Oct 19, 2026, median of Services-Business Services, NEC companies for comparison
Valuation
| Measure | dLocal | Industry median |
|---|---|---|
| Market Cap | $4.34B | $283.76M |
| Enterprise Value | $3.62B | $296.20M |
| PE Ratio | 22.66 | 25.42 |
| PS Ratio | 3.97 | 2.36 |
| PB Ratio | 7.63 | 2.67 |
| P/TBV Ratio | 8.77 | 4.90 |
| P/FCF Ratio | 10.51 | 15.01 |
| P/OCF Ratio | 10.46 | 13.05 |
Enterprise value
| Measure | dLocal | Industry median |
|---|---|---|
| EV / Sales | 3.31 | 2.14 |
| EV / EBITDA | 14.72 | 16.16 |
| EV / EBIT | 16.48 | 21.55 |
| EV / FCF | 8.77 | 15.07 |
Income (trailing twelve months)
| Measure | dLocal | Industry median |
|---|---|---|
| Revenue | $1.09B | $289.17M |
| Gross Profit | $402.76M | $161.98M |
| Operating Income | $219.92M | -$613.24K |
| Pretax Income | $228.65M | -$294.07K |
| Net Income | $196.80M | -$301.07K |
| EBITDA | $246.18M | -$156.35K |
| EPS (Diluted) | $0.65 | $0.00 |
Margins
| Measure | dLocal | Industry median |
|---|---|---|
| Gross Margin | 36.8% | 55.8% |
| Operating Margin | 20.1% | -1.81% |
| Pretax Margin | 20.9% | -0.50% |
| Profit Margin | 18.0% | -1.80% |
| EBITDA Margin | 22.5% | 0.60% |
| FCF Margin | 37.8% | 10.0% |
Returns
| Measure | dLocal | Industry median |
|---|---|---|
| Return on Equity (ROE) | 37.2% | 0.83% |
| Return on Assets (ROA) | 14.5% | -2.82% |
| Return on Capital Employed (ROCE) | 38.2% | -0.44% |
Growth
| Measure | dLocal | Industry median |
|---|---|---|
| Revenue Growth (YoY) | 46.6% | 9.72% |
| Net Income Growth (YoY) | 63.4% | 7.14% |
| EPS Growth (YoY) | 66.7% | 8.91% |
| Revenue Growth (3Y CAGR) | 37.7% | 7.66% |
| Revenue Growth (5Y CAGR) | 60.0% | 12.4% |
| EPS Growth (3Y CAGR) | 22.9% | 13.7% |
| EPS Growth (5Y CAGR) | 45.4% | 12.4% |
Balance sheet
| Measure | dLocal | Industry median |
|---|---|---|
| Cash & Short-Term Investments | $719.90M | $43.42M |
| Net Cash (Debt) | $719.90M | $2.04M |
| Net Cash Per Share | $2.44 | $0.15 |
| Equity (Book Value) | $569.26M | $52.29M |
| Book Value Per Share | $1.93 | $1.93 |
| Tangible Book Value | $495.30M | $3.06M |
| Working Capital | $454.85M | $15.22M |
Financial position
| Measure | dLocal | Industry median |
|---|---|---|
| Current Ratio | 1.47 | 1.40 |
| Quick Ratio | 1.34 | 0.94 |
| Interest Coverage | 7.89 | -0.66 |
Cash flow (trailing twelve months)
| Measure | dLocal | Industry median |
|---|---|---|
| Operating Cash Flow | $415.46M | $8.52M |
| Capital Expenditures | -$2.28M | -$5.56M |
| Free Cash Flow | $413.18M | $43.71M |
| FCF Per Share | $1.40 | $0.69 |
Efficiency
| Measure | dLocal | Industry median |
|---|---|---|
| Asset Turnover | 0.81 | 0.64 |
| Revenue Per Employee | $2.95M | $392.99K |
| Profits Per Employee | $530.46K | -$4.47K |
| Employee Count | 371 | 531 |
Dividends and yields
| Measure | dLocal | Industry median |
|---|---|---|
| Earnings Yield | 4.53% | -0.92% |
| FCF Yield | 9.51% | 4.02% |
| Payout Ratio | 76.2% | 29.6% |
| FCF Payout Ratio | 36.3% | 23.2% |
Shares
| Measure | dLocal | Industry median |
|---|---|---|
| Shares Outstanding | 294,932,000 | 58,826,100 |
| Shares Change (YoY) | -1.11% | 2.21% |
| Float | 152,721,000 | 52,938,050 |
| Shares Held by Insiders | 48.2% | 13.2% |
Taxes
| Measure | dLocal | Industry median |
|---|---|---|
| Income Tax | $31.75M | $1.69M |
| Effective Tax Rate | 13.9% | 22.0% |
Scores
| Measure | dLocal | Industry median |
|---|---|---|
| Graham Number | $5.31 | $15.96 |
| Graham Upside | -63.9% | -55.7% |
| Altman Z-Score | 4.70 | 1.50 |
| Piotroski F-Score | 7 | 5 |
Calculated by StockData from dLocal's SEC filings and the latest closing price. Hover a measure to see its formula. The grey column is the median of companies in the same industry group (two-digit SIC code); green or red marks a better or worse value than that median.