Dlocal Ltd Financials
Dlocal Ltd (DLO) reported $1.1B in revenue for fiscal year 2025, up 46.6% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 7 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Cash conversion swings with working-capital timing, while growth is largely self-financed rather than built on debt.
The sharp change from operating cash flow of-$32.8M in FY2024 to$415.5M in FY2025, even though both years were profitable, shows cash conversion is driven more by working-capital timing than by reported earnings alone. That matters because capex was only$2.3M and long-term debt just$2.3M in FY2025, so free cash flow mostly rises or falls with collections and short-term funding, not with heavy reinvestment or borrowing.
From FY2021 to FY2025, revenue expanded from
The liquidity posture is tighter than the cash balance alone suggests: current ratio slipped from 1.6x in FY2023 to 1.5x in FY2025 as current liabilities rose almost in step with current assets. So the company holds a large cash cushion at
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Dlocal Ltd's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Not available for Dlocal Ltd, and counted as zero in the overall score.
Dlocal Ltd's revenue surged 46.6% year-over-year to $1.1B, reflecting rapid business expansion. This strong growth earns a score of 89/100.
Dlocal Ltd carries a low D/E ratio of 0.00, meaning only $0.00 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 89/100, indicating a strong balance sheet with room for future borrowing.
Dlocal Ltd's current ratio of 1.47 indicates adequate short-term liquidity, earning a score of 39/100. The company can meet its near-term obligations, though with limited headroom.
Dlocal Ltd converts 37.8% of revenue into free cash flow ($413.2M). This strong cash generation earns a score of 92/100.
Not available for Dlocal Ltd, and counted as zero in the overall score.
Dlocal Ltd passes 6 of 8 computable financial strength tests (1 of the nine could not be computed from available data). All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Dlocal Ltd generates $2.11 in operating cash flow ($415.5M OCF vs $196.9M net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Key Financial Metrics
Earnings & Revenue
Dlocal Ltd generated $1.1B in revenue in fiscal year 2025. This represents an increase of 46.6% from the prior year.
Dlocal Ltd reported $196.9M in net income in fiscal year 2025. This represents an increase of 63.4% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Dlocal Ltd generated $413.2M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 1298.0% from the prior year.
Dlocal Ltd held $719.9M in cash against $2.3M in long-term debt as of fiscal year 2025, with $965.9M of liabilities due within a year.
Not reported for fiscal year 2025.
Margins & Returns
Dlocal Ltd's net profit margin was 18.0% in fiscal year 2025, showing the share of revenue converted to profit. This is up 1.9 percentage points from the prior year.
Dlocal Ltd's ROE was 34.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 9.9 percentage points from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Capital Allocation
Dlocal Ltd invested $2.3M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 33.8% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
DLO Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|
| Revenue | $1.1B+46.6% | $746.0M+14.7% | $650.4M+55.2% | $418.9M+71.6% | $244.1M+134.4% | $104.1M+88.4% | $55.3M |
| Interest Expense | $254K-49.3% | $501K-13.3% | $578K+226.6% | $177K+24.6% | $142K+610.0% | $20K+166.7% | -$30K |
| Income Tax | $31.8M+3.9% | $30.6M+3.8% | $29.4M+154.0% | $11.6M+51.5% | $7.6M+136.7% | $3.2M+45.5% | $2.2M |
| Net Income | $196.9M+63.4% | $120.5M-19.2% | $149.1M+37.2% | $108.7M+39.6% | $77.9M+176.2% | $28.2M+80.7% | $15.6M |
| EPS (Diluted) | N/A | $0.39-20.4% | $0.49+40.0% | $0.35+40.0% | $0.25+150.0% | $0.10+100.0% | $0.05 |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income.
DLO Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|
| Total Assets | $1.5B+31.6% | $1.2B+8.0% | $1.1B+31.2% | $826.3M+41.7% | $583.0M+190.8% | $200.5M | N/A |
| Current Assets | $1.4B+32.4% | $1.1B+5.6% | $1.0B+32.3% | $767.8M+45.0% | $529.5M+171.7% | $194.9M | N/A |
| Cash & Equivalents | $719.9M+69.3% | $425.2M-20.7% | $536.2M+14.5% | $468.1M+39.2% | $336.2M+200.9% | $111.7M+221.4% | $34.8M |
| Accounts Receivable | $572.0M+15.2% | $496.7M+36.7% | $363.4M+51.1% | $240.4M+25.9% | $191.0M+162.4% | $72.8M | N/A |
| Total Liabilities | $971.5M+42.4% | $682.3M+8.4% | $629.3M+47.5% | $426.7M+41.0% | $302.7M+94.8% | $155.4M | N/A |
| Current Liabilities | $965.9M+42.5% | $677.6M+8.4% | $625.2M+48.1% | $422.3M+41.5% | $298.4M+92.3% | $155.1M | N/A |
| Long-Term Debt | $2.3M-19.4% | $2.9M-14.0% | $3.3M-1.8% | $3.4M-1.0% | $3.4M+20052.9% | $17K | N/A |
| Total Equity | $569.4M+16.5% | $489.0M+7.4% | $455.1M+13.9% | $399.6M+42.6% | $280.3M+522.2% | $45.0M+83.7% | $24.5M |
| Retained Earnings | $534.8M+9.1% | $490.0M+32.6% | $369.6M+68.0% | $220.0M+100.2% | $109.9M+246.0% | $31.7M+72.0% | $18.5M |
Not reported in any period shown, so not listed: Inventory, Goodwill.
DLO Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $415.5M+1367.3% | -$32.8M-111.2% | $293.5M+90.0% | $154.5M+42.4% | $108.5M+22.6% | $88.5M+188.0% | $30.7M |
| Capital Expenditures | $2.3M+33.8% | $1.7M+76.7% | $965K-2.2% | $987K-49.4% | $1.9M+122.5% | $876K+476.3% | $152K |
| Free Cash Flow | $413.2M+1298.0% | -$34.5M-111.8% | $292.5M+90.6% | $153.5M+44.0% | $106.5M+21.6% | $87.6M+186.6% | $30.6M |
| Investing Cash Flow | $5.3M+129.9% | -$17.8M+79.0% | -$84.7M-2066.7% | $4.3M+111.3% | -$37.9M-1139.5% | $3.6M+2993.2% | $118K |
| Financing Cash Flow | -$121.1M-76.5% | -$68.6M+48.8% | -$133.9M-389.9% | -$27.3M-117.8% | $153.7M+1111.6% | -$15.2M+21.4% | -$19.3M |
| Dividends Paid | $150.0M | $0 | $0 | N/A | N/A | $15.0M+50.0% | $10.0M |
| Share Buybacks | N/A | $23K+64.3% | $14K | N/A | N/A | N/A | N/A |
DLO Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 | FY22 | FY21 | FY20 | FY19 |
|---|---|---|---|---|---|---|---|
| Net Margin | 18.0%+1.9pp | 16.2%-6.8pp | 22.9%-3.0pp | 25.9%-5.9pp | 31.9%+4.8pp | 27.1%-1.2pp | 28.2% |
| Return on Equity | 34.6%+9.9pp | 24.6%-8.1pp | 32.8%+5.6pp | 27.2%-0.6pp | 27.8%-34.8pp | 62.6%-1.0pp | 63.6% |
| Return on Assets | 12.8%+2.5pp | 10.3%-3.5pp | 13.8%+0.6pp | 13.2%-0.2pp | 13.4%-0.7pp | 14.1% | N/A |
| Current Ratio | 1.47-0.1x | 1.580.0x | 1.63-0.2x | 1.820.0x | 1.77+0.5x | 1.26 | N/A |
| Debt-to-Equity | 0.000.0x | 0.010.0x | 0.010.0x | 0.010.0x | 0.010.0x | 0.00 | N/A |
| FCF Margin | 37.8%+42.4pp | -4.6%-49.6pp | 45.0%+8.3pp | 36.6%-7.0pp | 43.6%-40.5pp | 84.1%+28.8pp | 55.3% |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin.
Similar Companies
Where Dlocal Ltd Ranks
Frequently Asked Questions
What is Dlocal Ltd's annual revenue?
Dlocal Ltd (DLO) reported $1.1B in total revenue for fiscal year 2025. This represents a 46.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Dlocal Ltd's revenue growing?
Dlocal Ltd (DLO) revenue grew by 46.6% year-over-year, from $746.0M to $1.1B in fiscal year 2025.
Is Dlocal Ltd profitable?
Yes, Dlocal Ltd (DLO) reported a net income of $196.9M in fiscal year 2025, with a net profit margin of 18.0%.
How much debt does Dlocal Ltd have?
As of fiscal year 2025, Dlocal Ltd (DLO) had $719.9M in cash and equivalents against $2.3M in long-term debt.
What is Dlocal Ltd's net profit margin?
Dlocal Ltd (DLO) had a net profit margin of 18.0% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Dlocal Ltd's return on equity (ROE)?
Dlocal Ltd (DLO) has a return on equity of 34.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Dlocal Ltd's free cash flow?
Dlocal Ltd (DLO) generated $413.2M in free cash flow during fiscal year 2025. This represents a 1298.0% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Dlocal Ltd's operating cash flow?
Dlocal Ltd (DLO) generated $415.5M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Dlocal Ltd's total assets?
Dlocal Ltd (DLO) had $1.5B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Dlocal Ltd's capital expenditures?
Dlocal Ltd (DLO) invested $2.3M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Dlocal Ltd's current ratio?
Dlocal Ltd (DLO) had a current ratio of 1.47 as of fiscal year 2025, which is considered adequate.
What is Dlocal Ltd's debt-to-equity ratio?
Dlocal Ltd (DLO) had a debt-to-equity ratio of 0.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Dlocal Ltd's return on assets (ROA)?
Dlocal Ltd (DLO) had a return on assets of 12.8% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Dlocal Ltd's Piotroski F-Score?
Dlocal Ltd (DLO) has a Piotroski F-Score of 6 out of 8 computable signals; 1 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Dlocal Ltd's earnings high quality?
Dlocal Ltd (DLO) has an earnings quality ratio of 2.11x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Dlocal Ltd?
Dlocal Ltd (DLO) scores 52 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.