Stocks Consumer discretionary DLO
NASDAQ · Consumer discretionarydLocal Ltd (DLO)
dLocal Ltd reported revenue of $1.1B in fiscal 2025, up 46.6% from a year earlier. Net income was $196.8M, a net margin of 18.0%. Operating cash flow minus capital spending left $413.2M of free cash flow in fiscal 2025. At December 31, 2025 it held $719.9M in cash against $86.7M of debt. Its latest periodic report to the SEC is the annual report (foreign issuer) (20-F) filed on March 18, 2026.
Key facts about dLocal Ltd
- Net worth
- dLocal Ltd has a market value (market cap) of $4.2B at the latest share price, and shareholders' equity of $569.3M on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $1.1B (+46.6% year on year), with net income of $196.8M.
- Cash flow
- In fiscal 2025 operations brought in $415.5M of cash; after $2.3M of capital spending, free cash flow was $413.2M.
- Latest report
- The latest periodic report (annual report (foreign issuer), 20-F) was filed with the SEC on March 18, 2026 and covers the period to December 31, 2025. Open on SEC EDGAR
What dLocal Ltd does
dLocal Ltd is registered with the SEC under industry code SIC 7389 (Services-Business Services, NEC). Its shares trade on NASDAQ under the ticker DLO.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $1.1B | $196.8M | $0.65 | $413.2M |
| 2024 | $746M | $120.4M | $0.39 | -$34.5M |
| 2023 | $650.4M | $149M | $0.49 | $292.5M |
| 2022 | $418.9M | $108.7M | $0.35 | $153.5M |
| 2021 | $244.1M | $77.9M | $0.25 | $106.5M |
| 2021 | $104.1M | $28.2M | $0.10 | $87.6M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where DLO ranks in Consumer discretionary
Dividends
It paid out $150M in cash dividends, 76% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | n/a | $150M | 76% |
| 2024 | n/a | $0 | 0% |
| 2023 | n/a | $0 | 0% |
| 2021 | n/a | $15M | 53% |
| 2019 | n/a | $10M | 64% |
Latest SEC filings
What dLocal Ltd has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 4, 2026
- August 19, 2026Activist stake changed SCHEDULE 13D/A
- August 13, 2026
- May 14, 2026
- May 4, 2026Passive stake changed SCHEDULE 13G/A
- April 20, 2026
- March 18, 2026Annual report (foreign issuer) 20-F · period to December 31, 2025Revenue rose 47% to $1.1B versus the prior year; diluted EPS $0.65 versus $0.39.
- March 18, 2026
- December 23, 2025
- December 15, 2025
Insider trades
What the people running dLocal Ltd did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider trades were reported in the last 90 days.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| August 5, 2026 | Kanovich SebastianDirector | Exercised options | 72,753 | - |
| August 5, 2026 | Kanovich SebastianDirector | Soldpre-planned (10b5-1) | 72,753 | $1.1M |
| August 4, 2026 | Kanovich SebastianDirector | Exercised options | 4,700 | - |
| August 4, 2026 | Kanovich SebastianDirector | Soldpre-planned (10b5-1) | 4,700 | $72.9K |
| July 7, 2026 | Kanovich SebastianDirector | Exercised options | 25,700 | - |
| July 7, 2026 | Kanovich SebastianDirector | Soldpre-planned (10b5-1) | 25,700 | $398.4K |
| July 1, 2026 | Kanovich SebastianDirector | Exercised options | 1,000,000 | - |
| July 1, 2026 | Kanovich SebastianDirector | Soldpre-planned (10b5-1) | 1,000,000 | $14.6M |
Who owns DLO
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Sergio Enrique Fogel Kaplan13G, passive with 2 related filers | 25.4% | February 14, 2025 |
| General Atlantic, L.P.13D, may seek influence with 20 related filers | 21.4% | August 19, 2026 |
| Emiliano Sebastian Fernandez Balague13G, passive | 10.8% | February 14, 2025 |
| Azar Alberto Eduardo13G, passive with 1 related filers | 10.3% | May 4, 2026 |
Largest institutional holders
Positions that investment managers reported on Form 13F for the quarter ended June 30, 2026, largest first, with the change on the quarter ended March 31, 2026. Managers file 13F up to 45 days after a quarter ends. 163 managers reported a position.
| Holder | Shares | Change on quarter |
|---|---|---|
| General Atlantic, L.P. | 46,656,695 | 0 |
| Summit Trail Advisors, LLC | 7,679,330 | +4 |
| BlackRock, Inc. | 5,080,957 | +5,045,824 |
| Bank of America Corp | 4,925,747 | +852,389 |
| Cria, Inc. | 4,000,000 | 0 |
| Atmos Capital Gestao DE Recursos Ltda. | 3,990,466 | +1,918,747 |
| Fourth Sail Capital LP | 3,943,171 | +1,676,254 |
| Ribbit Management Company, LLC | 3,891,900 | 0 |
| Paradice Investment Management LLC | 2,732,680 | +579,314 |
| Marshall Wace, Llp | 2,644,137 | -2,324,127 |
| Baillie Gifford & Co | 2,552,819 | -341,086 |
| Morgan Stanley | 1,928,612 | -306,323 |
| Hsbc Holdings PLC | 1,660,016 | +269,333 |
| Wellington Management Group Llp | 1,492,802 | new |
| Tikvah Management LLC | 1,420,822 | +172,500 |
| Invenomic Capital Management LP | 1,395,170 | +1,139,818 |
| Geode Capital Management, LLC | 1,354,066 | +1,196,360 |
| Jpmorgan Chase & Co | 1,241,239 | +159,192 |
| TB Capital Gestao de Recursos Ltda. | 1,112,612 | +307,756 |
| D. E. Shaw & Co., Inc. | 1,071,538 | -1,781,730 |
Insiders
4 insiders reported holding 1,338,278 shares in total, about $19.3M at the last price.
| Holder | Shares |
|---|---|
| Bielsky Hyman KDirector | 899,746899,746 held indirectly |
| Vieira Santos e Santos GabrielaChief Legal Officer | 174,276 |
| Almeida Rodriguez Alberto EmmanuelChief Technology Officer | 156,213 |
| Pruett William RodneyDirector | 108,043 |
Questions about DLO
What does dLocal Ltd do?
dLocal Ltd is a company in the Consumer discretionary sector, listed on NASDAQ as DLO. Its shares trade on NASDAQ under the ticker DLO.
What is dLocal Ltd's net worth?
dLocal Ltd has a market value (market cap) of $4.2B at the latest share price, and shareholders' equity of $569.3M on its balance sheet at December 31, 2025. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is dLocal Ltd profitable?
Yes. In fiscal 2025 it reported net income of $196.8M on revenue of $1.1B, a net margin of 18.0%.
How much revenue does dLocal Ltd make?
In fiscal 2025 dLocal Ltd reported revenue of $1.1B. That is 46.6% more than a year earlier.
When did dLocal Ltd last report?
Its most recent periodic report is the annual report (foreign issuer) (20-F) filed on March 18, 2026. It covers the period to December 31, 2025. Its newest filing of any kind is the foreign issuer update from November 4, 2026.
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Where the numbers come from
Financial figures are the values dLocal Ltd tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.