Saturday 17 October 2026
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DLocal Limited
DLO Technology Software Infrastructure
DLocal Limited’s revenue for fiscal 2025 (year ended December 2025) was $1.1 billion, up 46.6% from fiscal 2024. In the quarter to June 2026, revenue grew 55.8%, EPS grew 26.7%, free cash flow grew 12.6% and total debt fell 39.7%, each against the same quarter a year earlier. Revenue growth for five consecutive years; insiders bought in the last twelve months.
14.67
0.43
−2.85%
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| Dec '25 | Dec '24 | Dec '23 | Dec '22 | Dec '21 | Dec '20 | Dec '19 | Dec '17 | |
|---|---|---|---|---|---|---|---|---|
Piotroski F-Score |
6 | 3 | 7 | 5 | 4 | — | — | — |
P/E ratio |
20.79 | 26.81 | 34.02 | 41.54 | 131.02 | 44.37 | 44.37 | — |
Altman Z-Score |
4.56 | 4.89 | 6.98 | 8.37 | 21.94 | — | — | — |
P/S ratio |
3.76 | 4.38 | 7.79 | 10.85 | 41.98 | 0.00 | 0.00 | — |
Altman Z″-Score (non-manufacturers) |
4.64 | 5.14 | 5.35 | 5.64 | 5.15 | 3.16 | 4.55 | — |
P/FCF ratio |
10.87 | 0.00 | 18.41 | 31.98 | 105.78 | 97.14 | 97.14 | — |
P/Operating CF |
40.97 | (23.14) | 82.45 | (109.84) | 260.44 | 2,586.82 | 2,586.82 | — |
Beneish M-Score |
(2.91) | (1.42) | (2.64) | (2.36) | (0.16) | (2.63) | — | — |
P/B ratio |
7.23 | 6.68 | 11.13 | 11.37 | 36.56 | 80.50 | 80.50 | — |
Dividend Safety Score |
57 | — | — | — | — | — | — | — |
Price to Tangible BV |
8.30 | 7.67 | 12.75 | 13.05 | 43.92 | 84.32 | 84.32 | — |
EV/Sales |
3.07 | 3.71 | 6.81 | 9.74 | 40.63 | 0.00 | 0.00 | — |
EV/EBITDA |
13.65 | 17.51 | 23.09 | 29.98 | 128.18 | 0.00 | 0.00 | — |
EV/Operating CF |
8.09 | (84.32) | 15.10 | 26.41 | 66.32 | 92.66 | 92.66 | — |
EV/FCF |
8.88 | (49.87) | 16.10 | 28.70 | 102.38 | 94.07 | 94.07 | — |
Quick Ratio |
1.44 | 1.55 | 1.60 | 1.68 | 1.77 | 1.24 | 1.39 | — |
Current Ratio |
1.47 | 1.58 | 1.63 | 1.82 | 1.77 | 1.26 | 1.41 | — |
Net Debt/EBITDA |
(3.32) | (3.17) | (3.31) | (3.42) | (3.73) | (3.77) | (2.80) | — |
Debt/Assets |
0.15% | 4.55% | 0.31% | 0.41% | 1.45% | 0.11% | 0.50% | 0.00% |
Debt/Equity |
0.00 | 0.11 | 0.01 | 0.01 | 0.03 | 0.00 | 0.02 | — |
Asset Turnover |
0.81 | 0.66 | 0.68 | 0.59 | 0.62 | 0.74 | 1.39 | — |
Operating CF/Net income |
2.11 | (0.27) | 1.97 | 1.42 | 1.39 | 3.14 | 1.97 | — |
Capex/Depreciation |
(1.40) | (1.30) | (1.49) | (1.52) | (11.18) | (4.79) | (7.48) | — |
Interest Coverage |
7.90 | 2.83 | 1.54 | 5.19 | 154.11 | 461.87 | 585.47 | — |
| 37.19% | 25.51% | 34.86% | 31.97% | 47.87% | 81.02% | 44.85% | — | |
| 14.51% | 10.68% | 15.59% | 15.42% | 19.88% | 20.13% | 39.20% | — | |
ROIC |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | — |
Return on Tangible Assets |
42.89% | 30.21% | 37.83% | 31.20% | 33.34% | 69.38% | 69.16% | — |
Average Days of Receivables |
190.92 | 243.04 | 203.94 | 209.50 | 285.53 | 255.10 | 171.24 | — |
Research and Development Expense of Revenue |
0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | — |
Selling, General and Administrative Expense of Revenue |
13.28% | 16.47% | 13.48% | 14.72% | 19.07% | 24.04% | 29.22% | — |
Intangible Assets out of Total Assets |
0.05 | 0.05 | 0.05 | 0.06 | 0.08 | 0.02 | 0.02 | 0.00 |
Share Based Compensation of Revenue |
2.21% | 3.19% | 1.83% | 2.07% | 3.11% | 7.00% | 9.13% | — |
Graham Net Nets |
0.11 | 0.12 | 0.08 | 0.08 | 0.02 | 0.01 | 0.01 | — |
Graham Number |
5.47 | 3.99 | 4.23 | 3.35 | 2.45 | 0.00 | 0.00 | — |
Earnings Yield |
4.81% | 3.73% | 2.94% | 2.41% | 0.76% | 2.25% | 2.25% | — |
Free Cash Flow Yield |
9.20% | (1.70%) | 5.43% | 3.13% | 0.95% | 1.03% | 1.03% | — |
Revenue per Share |
3.76 | 2.57 | 2.23 | 1.42 | 0.85 | 0.39 | 103.77 | — |
Operating CF per Share |
1.43 | (0.11) | 1.01 | 0.52 | 0.38 | 0.33 | 57.66 | — |
Capex per Share |
(0.13) | (0.08) | (0.06) | (0.04) | (0.17) | (0.01) | (3.20) | — |
Free Cash Flow per Share |
1.30 | (0.19) | 0.94 | 0.48 | 0.21 | 0.32 | 54.46 | — |
Cash per Share |
2.81 | 1.91 | 2.19 | 1.59 | 1.17 | 0.45 | 94.15 | — |
Shareholders Equity per Share |
1.96 | 1.69 | 1.56 | 1.35 | 0.98 | 0.17 | 46.04 | — |
Interest Debt per Share |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — |
Book value per Share |
1.96 | 1.69 | 1.56 | 1.35 | 0.98 | 0.17 | 46.04 | — |
Free Cash Flow |
378.67 | (55.43) | 275.23 | 142.10 | 60.47 | 84.60 | 29.02 | — |
Working Capital |
454.85 | 395.26 | 390.80 | 345.56 | 231.11 | 39.71 | 22.37 | — |
Capital Expenditures |
(36.78) | (22.65) | (18.22) | (12.35) | (48.02) | (3.88) | (1.71) | — |
Net Current Asset Value |
449.22 | 390.54 | 386.72 | 341.15 | 226.80 | 39.44 | 22.15 | — |
EV/EBIT |
15.28 | 19.68 | 24.67 | 31.89 | 118.31 | 0.00 | 0.00 | — |
Capex to Sales |
0.03 | 0.03 | 0.03 | 0.03 | 0.20 | 0.04 | 0.03 | — |
Price to Operating Income |
18.71 | 23.24 | 28.20 | 35.52 | 122.23 | 0.00 | 0.00 | — |
| Other line items | ||||||||
Depreciation/Fixed assets |
6.59 | 5.15 | 4.19 | 2.98 | 1.73 | 0.89 | 1.19 | — |
Cash ROIC |
27.23% | (5.05%) | 25.08% | 16.29% | 9.66% | 51.18% | 38.64% | — |
Accounts Receivable Turnover |
2.05 | 1.73 | 2.15 | 1.94 | 1.85 | 2.11 | 1.12 | — |
Accounts Payable Turnover |
0.95 | 0.75 | 0.74 | 0.63 | 0.54 | 0.45 | 0.20 | — |
Inventory Turnover |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — |
Average Days of Payables |
451.44 | 483.47 | 588.79 | 686.82 | 889.92 | 1,183.38 | 996.06 | — |
Days of Inventory on Hand |
0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | — |
Average Receivables |
534.37 | 430.04 | 301.91 | 215.71 | 131.88 | 49.36 | 49.36 | — |
Average Payables |
726.11 | 600.14 | 505.18 | 342.52 | 210.01 | 97.92 | 97.92 | — |
Average Assets |
1,356.15 | 1,127.89 | 955.38 | 704.65 | 391.74 | 140.03 | 39.80 | — |
Average Common Equity |
529.21 | 472.06 | 427.38 | 339.96 | 162.67 | 34.79 | 34.79 | — |
Columns are period end dates