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DLocal Limited, together with its subsidiaries, provides payment processing services worldwide. The company offers a robust pay-in solution to help global merchants expand their online presence and receive payments, including international and local cards, online bank transfers, direct debit, cash, and hundreds of alternative payment methods (APMs). It also provides pay-in solutions for cross-border and local-to-local transactions, as well as pay-out solutions. In addition, the company offers dLocal for Platforms to manage global platform payments. It serves its products to commerce, streaming, ride-hailing, financial services, remittances, advertising, SaaS, travel, e-learning, on-demand delivery, gaming, and crypto industries. The company was founded in 2016 and is headquartered in Montevideo, Uruguay.
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A unique technical analysis driven score developed by Kalkine showing momentum in stock prices based on select technical indicators identified.
dLocal Ltd runs a payments platform that enables global merchants to accept and disburse local payments in emerging markets, connecting local payment methods, acquiring and settlement services. Long-term growth may be supported by rising e-commerce and cross-border trade into emerging markets, plus expanding merchant relationships and product set; investors may find the company attractive for its focused niche and scalable transaction-based revenue.
Key risks include customer-concentration, regulatory and currency controls across jurisdictions, intense competition from global and local payments providers, and operational risks related to fraud, compliance and cross-border settlement.
Note: The summary and risk score provided above is created by AI and should not be construed as a recommendation of Kalkine.
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Income before tax | 228.65M | 151.02M | 178.51M | 120.28M | 85.50M |
| Minority interest | -0.10M | -0.05M | -0.12M | -0.01M | 0.02M |
| Net income | 196.80M | 120.42M | 148.96M | 108.68M | 77.88M |
| Selling general administrative | 114.96M | 95.66M | 67.05M | 48.34M | 38.23M |
| Selling and marketing expenses | - | 3.50M | 17.12M | 13.34M | 5.92M |
| Gross profit | 401.71M | 294.67M | 276.86M | 202.17M | 130.44M |
| Reconciled depreciation | 26.26M | 17.39M | 12.22M | 8.15M | 4.75M |
| Ebit | 229.18M | 151.52M | 179.09M | 127.91M | 83.84M |
| Ebitda | 255.44M | 168.91M | 191.32M | 150.49M | 90.44M |
| Depreciation and amortization | 26.26M | 17.39M | 12.22M | 22.57M | 6.60M |
| Operating income | 229.18M | 140.50M | 179.66M | 127.91M | 83.84M |
| Other operating expenses | 864.41M | 605.47M | 470.69M | 285.48M | 160.25M |
| Interest expense | 20.93M | 49.70M | 88.82M | 24.67M | 0.14M |
| Tax provision | 31.75M | 30.55M | 29.43M | 11.59M | 7.65M |
| Interest income | 26.25M | 28.27M | 49.59M | 18.08M | 2.54M |
| Net interest income | -1.60M | -21.43M | -67.25M | -6.59M | 1.66M |
| Income tax expense | 31.75M | 30.55M | 29.43M | 11.59M | 7.65M |
| Total revenue | 1093.59M | 745.97M | 650.35M | 418.93M | 244.12M |
| Total operating expenses | 172.53M | 154.17M | 97.20M | 68.72M | 46.57M |
| Cost of revenue | 691.88M | 451.30M | 373.49M | 216.76M | 113.68M |
| Total other income expense net | -0.52M | 10.52M | -1.14M | -7.63M | 1.66M |
| Net income from continuing ops | 196.90M | 120.47M | 149.09M | 108.70M | 77.85M |
| Net income applicable to common shares | 196.80M | 120.42M | 148.96M | 108.68M | 77.88M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Total assets | 1540.96M | 1171.33M | 1084.45M | 826.30M | 583.01M |
| Intangible assets | 73.97M | 63.32M | 57.89M | 51.44M | 46.97M |
| Other current assets | 24.67M | 285.75M | 0.15M | 56.79M | 1.34M |
| Total liab | 971.53M | 682.34M | 629.31M | 426.68M | 302.71M |
| Total stockholder equity | 569.26M | 488.89M | 455.03M | 399.63M | 280.32M |
| Other current liab | 65.04M | 63.28M | 0.95M | 13.71M | 0.89M |
| Common stock | 0.59M | 0.57M | 0.59M | 0.59M | 0.59M |
| Capital stock | 0.59M | 0.57M | 0.59M | 0.59M | 0.59M |
| Retained earnings | 534.82M | 490.02M | 369.61M | 219.99M | 109.87M |
| Other liab | - | - | - | - | 0.88M |
| Other assets | 13.28M | 10.06M | - | 0.36M | 0.13M |
| Cash | 724.98M | 189.03M | 222.81M | 468.09M | 336.20M |
| Cash and equivalents | 719.90M | 425.17M | - | 468.09M | 336.20M |
| Total current liabilities | 965.91M | 677.62M | 625.23M | 422.27M | 298.40M |
| Current deferred revenue | - | - | 51.26M | - | 14.84M |
| Net debt | -634.70M | -134.57M | -218.85M | -464.01M | -327.25M |
| Short term debt | 87.97M | 51.59M | 0.63M | 0.69M | 5.52M |
| Short long term debt | 86.90M | 50.45M | - | - | 5.01M |
| Short long term debt total | 90.28M | 54.45M | 3.96M | 4.08M | 8.94M |
| Other stockholder equity | 7.10M | -14.21M | 73.06M | 164.31M | 157.15M |
| Property plant equipment | 6.98M | 7.02M | - | 6.67M | 6.40M |
| Total current assets | 1420.76M | 1072.88M | 1016.03M | 767.83M | 529.51M |
| Long term investments | 5.61M | 4.70M | 1.71M | - | - |
| Net tangible assets | - | - | - | - | 233.35M |
| Short term investments | 99.09M | 140.94M | 102.68M | 1.29M | 1.00M |
| Net receivables | 572.02M | 457.16M | 319.46M | 240.45M | 190.97M |
| Inventory | - | - | 370.94M | 1.21M | - |
| Accounts payable | 812.89M | 562.75M | 572.39M | 407.87M | 277.16M |
| Accumulated other comprehensive income | 26.76M | 12.50M | 11.77M | 14.74M | 12.71M |
| Non currrent assets other | - | 18.04M | - | 0.36M | 0.36M |
| Non current assets total | 120.21M | 98.45M | 68.42M | 58.47M | 53.50M |
| Capital lease obligations | 3.38M | 4.00M | 3.96M | 4.08M | 3.93M |
| Long term debt total | 2.31M | 2.86M | - | 3.39M | 3.43M |
| Breakdown | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
|---|---|---|---|---|---|
| Type | yearly | yearly | yearly | yearly | yearly |
| Date | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 |
| Investments | 15.84M | -17.75M | -84.67M | 4.30M | 7.52M |
| Change to liabilities | - | - | - | - | 134.29M |
| Total cashflows from investing activities | -20.94M | -17.75M | -84.67M | 4.30M | -37.94M |
| Net borrowings | 51.20M | 49.88M | -1.10M | - | 4.57M |
| Total cash from financing activities | -103.52M | -68.59M | -133.87M | -27.33M | 153.75M |
| Change to operating activities | - | - | - | - | 0.90M |
| Net income | 196.80M | 151.02M | 178.51M | 120.28M | 85.50M |
| Change in cash | 292.84M | -110.99M | 68.07M | 131.90M | 224.46M |
| Begin period cash flow | 432.14M | 536.16M | 468.09M | 336.20M | 111.73M |
| End period cash flow | 724.98M | 425.17M | 536.16M | 468.09M | 336.20M |
| Total cash from operating activities | 424.15M | -32.78M | 293.45M | 154.45M | 108.49M |
| Issuance of capital stock | - | - | 0.00M | 0.00M | 150.26M |
| Depreciation | 26.26M | 17.39M | 12.22M | 8.15M | 4.75M |
| Other cashflows from investing activities | 42.10M | 7.32M | 32.33M | 16.66M | 2.56M |
| Dividends paid | 149.98M | 0.00M | 0.00M | 0.00M | 0.00M |
| Change to inventory | - | - | 123.25M | - | - |
| Change to account receivables | -90.15M | -162.65M | -123.25M | - | -115.36M |
| Sale purchase of stock | 4.37M | -101.07M | -97.93M | -2.02M | 150.35M |
| Other cashflows from financing activities | -9.70M | -17.40M | -34.84M | -4.95M | 3.91M |
| Change to netincome | - | - | - | - | 0.72M |
| Capital expenditures | 2.28M | 22.65M | 18.23M | 12.35M | 48.02M |
| Change in working capital | 163.11M | -167.22M | 104.30M | 20.78M | 25.15M |
| Stock based compensation | 24.14M | 23.78M | 11.92M | 8.68M | 7.59M |
| Other non cash items | 37.99M | -57.76M | -13.51M | -3.44M | -1.81M |
| Free cash flow | 421.87M | -55.43M | 275.23M | 142.10M | 60.47M |
Sector: Technology Industry: Software - Infrastructure
|
Stock Name
|
Change
(USD) |
Price
(USD) |
Trailing
PE (x) |
Forward
PE (x) |
Price Sales
TTM (x) |
Price to Book Value (x)
|
Enterprise Value
to Revenue (x) |
Enterprise Value
to EBITDA (x) |
|---|---|---|---|---|---|---|---|---|
| DLO Dlocal Ltd |
- -% |
13.96 | 20.46 | 13.53 | 3.59 | 7.01 | 3.23 | 13.84 |
| MSFT Microsoft Corporation |
-12.04 2.26% |
521.12 | 37.32 | 29.94 | 13.03 | 12.45 | 13.06 | 24.59 |
| ORCL Oracle Corporation |
10.40 8.82% |
128.38 | 21.96 | 17.89 | 5.91 | 7.08 | 7.82 | 14.89 |
| CRWD Crowdstrike Holdings Inc |
3.30 1.46% |
229.06 | 4849.80 | 188.68 | 46.01 | 47.24 | 43.89 | 559.34 |
| FTNT Fortinet Inc |
4.55 3.68% |
128.12 | 60.27 | 43.86 | 16.80 | 80.50 | 16.11 | 43.33 |
DLocal Limited, together with its subsidiaries, provides payment processing services worldwide. The company offers a robust pay-in solution to help global merchants expand their online presence and receive payments, including international and local cards, online bank transfers, direct debit, cash, and hundreds of alternative payment methods (APMs). It also provides pay-in solutions for cross-border and local-to-local transactions, as well as pay-out solutions. In addition, the company offers dLocal for Platforms to manage global platform payments. It serves its products to commerce, streaming, ride-hailing, financial services, remittances, advertising, SaaS, travel, e-learning, on-demand delivery, gaming, and crypto industries. The company was founded in 2016 and is headquartered in Montevideo, Uruguay.
World Trade Centre Free Zone Tower 2, Montevideo, Uruguay, 11300
598 290 45682
1274
| Name | Title | Year Born |
|---|---|---|
| Mr. Sebastian Kanovich | CEO & Director | 1991 |
| Mr. Jacobo Singer | Pres & Director | 1991 |
| Mr. Diego Cabrera Canay | Chief Financial Officer | 1974 |
| Mr. Alberto Almeida | Chief Technology Officer | NA |
| Mr. Pedro Arnt | CEO & Director | 1974 |
| Mr. Jacobo Singer | Co-President, COO & Director | 1992 |
| Mr. Sergio Enrique Fogel Kaplan | Co-President, Chief Strategy Officer & Director | 1965 |
| Mr. Mark Ortiz | Chief Financial Officer | NA |
| Mr. Alberto Almeida | Chief Technology Officer | 1988 |
| Soledad Nager | Head of Investor Relations | NA |
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