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What this page is: Delvantic's full research page for DLocal Limited (DLO) — AI-driven forensic equity research: mechanical valuation models (DCF, EPV, anchored-PE, scenario) plus three independent AI lenses (Quality / Value / Sentiment). Everything below is rendered server-side; you are not missing content that requires JavaScript. All scores are predictions and research opinions, not financial advice.
Page map (sections in order; each card carries a stable
reference-name attribute you can cite):
profile-header/price-overview— company profile, live quote, market capextended-analysis— the core: three AI lens reads with findings, scores, and the analyst memofuture-predictions— our forward price-band predictionsmarket-narrative/ai-findings/gpt-critique— narrative context, cross-model findings, and an adversarial critique of our own analysis (near the end of the document)- Members-only sections (render as login gates for anonymous readers):
price-history,income-trend,key-metrics,financials(statement tables),insider-trading. The analysis above is public; the raw data tables require a free account.
More for machine readers: site briefing at
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any ticker resolves at delvantic.com/stock/TICKER ·
raw inputs are public-company filings and market data (via licensed data feeds);
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DLocal Limited
DLO NASDAQ
Technology · Software - Infrastructure
Montevideo, 11300, Uruguay
dlocal.com
Price
$14.76
Market Cap
$4.3B
Employees
1,274
Beta
0.87
Avg Volume
1,886,149
Last Dividend
$0.20
CEO
Mr. Pedro Arnt
DLocal Limited is a technology-first payments company that operates a global payment processing platform focused on emerging markets. The firm’s primary function is to enable large international merchants to accept payments from, and send payments to, consumers in countries where local payment methods and regulations are highly fragmented. Through its One dLocal platform, DLocal Limited supports a broad range of pay-in and pay-out options, including international and local cards, online bank transfers, direct debits, cash-based methods, and numerous alternative payment solutions. The company generates revenue by charging fees on cross-border and local payment transactions for enterprise clients across sectors such as e-commerce, digital streaming, ride-hailing, financial services, remittances, advertising, SaaS, travel, gaming, and crypto. Headquartered in Montevideo, Uruguay and founded in 2016, DLocal Limited plays a significant role as an infrastructure provider that helps global platforms navigate local compliance, currency, and payment preferences in Latin America and other emerging regions.
Runs with full report
Earnings Schedule
Checked daily · calendar updated Aug 14 No upcoming print on the calendar yet — companies typically confirm a few weeks ahead. Last print was May 14, 2026.
EPS surprise history — vs analyst consensus · 5 prints of vendor history
+3.4%
Oct '25
+23.5%
Nov '25
+8.2%
Jan '26
+22.2%
Mar '26
+0.0%
May '26
| Print date | EPS est. | EPS actual | Revenue est. | Revenue actual |
|---|---|---|---|---|
| May 14, 2026 | $0.17 | $0.17 +0.0% | — | — |
| Mar 18, 2026 | $0.18 | $0.22 +22.2% | — | — |
| Jan 27, 2026 | $2.20 | $2.38 +8.2% | — | — |
| Nov 12, 2025 | $0.17 | $0.21 +23.5% | — | — |
| Oct 31, 2025 | $1.77 | $1.83 +3.4% | — | — |
Green = beat the estimate, red = missed. An earnings print is the fastest way a thesis changes — our designations should be re-read after each one.
Recent SEC Filings
| Filed | Form | Document |
|---|---|---|
| Aug 13, 2026 | 6-K | View |
| Aug 11, 2026 | 4 | View |
| Aug 10, 2026 | 3/A | View |
| Aug 5, 2026 | 144 | View |
| Aug 4, 2026 | 144 | View |
| Jul 9, 2026 | 4 | View |
| Jul 9, 2026 | 4 | View |
| Jul 9, 2026 | 4 | View |
| Jul 7, 2026 | 144 | View |
| Jul 2, 2026 | 4 | View |
| Jul 1, 2026 | 144 | View |
| Jun 2, 2026 | 4 | View |
Filings link to the SEC’s EDGAR system. Annual/quarterly reports (10-K, 10-Q, 20-F) carry the full story; 8-K/6-K current reports are the fastest signal that something material happened.
Price Overview
Last updated: Aug 14, 2026 9:12am (just now)
Current data · timestamped when a report runs
$14.76
Change · Aug 14
+0.48 (+3.36%)
Day Range
$14.35 – $14.88
52-Week Range
$10.64 – $16.78
50-Day MA
$13.79
200-Day MA
$13.37
Volume
3,651,955.00
Share Structure
Outstanding
294,269,133.00
Float
77,211,227.00
Free Float
26.2%
Low free float
— 26.2% of shares trade freely, ~73.8% held by insiders/institutions
Below average liquidity. Large orders can move the price significantly. Insiders or strategic holders control the majority — watch for lockup expirations or secondary offerings.
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Why there are no quarterly figures for DLocal Limited
This company does not file structured financial statements with the U.S. SEC, so quarterly figures aren't available from our filings-based data engine. Annual figures shown here come from the sources that do cover it.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
| Period | Revenue | Net Income | Net Margin | YoY/QoQ |
|---|
Key Metrics
TD Twelve Data statement
HEX SEC filing
P/E Ratio (Price per dollar of earnings)
HEXStock Price / EPS (Diluted)
22.71
Stock Price: $14.76
EPS (Diluted): 0.65
EPS (Diluted): 0.65
P/B Ratio (Price vs net asset value)
HEXStock Price / Book Value Per Share
7.82
Stock Price: $14.76
Total Equity: $569.43M
Shares: 301,742,797
Total Equity: $569.43M
Shares: 301,742,797
EV/EBITDA (Total value vs operating profit)
HEXEnterprise Value / EBITDA
14.52
Market Cap: $4.34B
Total Debt: $0.00
Cash: $719.90M
EBITDA: $246.18M
Total Debt: $0.00
Cash: $719.90M
EBITDA: $246.18M
Enterprise Value (Takeover price (cap + debt - cash))
HEXMarket Cap + Total Debt - Cash
$3.6B
Market Cap: $4.34B
Total Debt: $0.00
Cash: $719.90M
Total Debt: $0.00
Cash: $719.90M
Gross Margin (Revenue left after direct costs)
HEXGross Profit / Revenue
36.8%
Gross Profit: $402.76M
Revenue: $1.09B
Revenue: $1.09B
Operating Margin (Revenue left after all operations)
HEXOperating Income / Revenue
20.1%
Operating Income: $219.92M
Revenue: $1.09B
Revenue: $1.09B
Net Margin (Revenue left as actual profit)
HEXNet Income / Revenue
18.0%
Net Income: $196.80M
Revenue: $1.09B
Revenue: $1.09B
ROE (Profit from shareholder equity)
HEXNet Income / Total Equity
34.6%
Net Income: $196.80M
Total Equity: $569.43M
Total Equity: $569.43M
ROIC (Profit from all invested capital)
HEXNOPAT / Invested Capital
-125.9%
Operating Income: $219.92M
Tax Rate: 13.9%
Equity: $569.43M
Total Debt: $0.00
Cash: $719.90M
Tax Rate: 13.9%
Equity: $569.43M
Total Debt: $0.00
Cash: $719.90M
Zero debt — invested capital = equity minus cash (very efficient)
Current Ratio (Can it pay short-term bills)
HEXCurrent Assets / Current Liabilities
1.47
Current Assets: $1.42B
Current Liabilities: $965.91M
Current Liabilities: $965.91M
Debt/Equity (Leverage — debt vs equity)
HEXTotal Debt / Total Equity
0.00
Short-Term Debt: $0.00
Long-Term Debt: $0.00
Total Debt: $0.00
Total Equity: $569.43M
Long-Term Debt: $0.00
Total Debt: $0.00
Total Equity: $569.43M
Zero debt — this company carries no debt obligations. Strongest possible score.
Rev/Share (Top-line per share)
HEXRevenue / Shares Outstanding
$3.62
Revenue: $1.09B
Shares: 301,742,797
Shares: 301,742,797
Book Value/Share (Net assets per share)
HEX(Total Assets - Total Liabilities) / Shares
$1.89
Total Equity: $569.43M
Shares: 301,742,797
Shares: 301,742,797
FCF/Share (Real cash generated per share)
HEX(Operating Cash Flow + CapEx) / Shares
$1.37
Operating CF: $415.46M
CapEx: -$2.28M
Shares: 301,742,797
CapEx: -$2.28M
Shares: 301,742,797
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
TDLast Annual Dividend / Stock Price
1.3%
Last Dividend: $0.20
Stock Price: $14.76
Stock Price: $14.76
Payout Ratio (Earnings paid out as dividends)
HEXDividends Paid / Net Income
76.2%
Dividends Paid: -$149.98M
Net Income: $196.80M
Net Income: $196.80M
Income Statement (Annual)
Last updated: Aug 7, 2026 11:19am (6d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $244.1M | $418.9M | $650.4M | $746.0M | $1.1B |
| Cost of Revenue | $113.7M | $216.8M | $373.5M | $451.3M | $690.8M |
| Gross Profit | $130.4M | $202.2M | $276.9M | $294.7M | $402.8M |
| Operating Expenses | $46.6M | $74.3M | $97.2M | $154.2M | $182.8M |
| Operating Income | $83.8M | $127.9M | $179.7M | $140.5M | $219.9M |
| Net Income | $77.9M | $108.7M | $149.0M | $120.4M | $196.8M |
| EBITDA | $88.6M | $136.1M | $191.9M | $157.7M | $246.2M |
| EPS | $0.27 | $0.37 | $0.51 | $0.42 | $0.68 |
| EPS (Diluted) | $0.25 | $0.35 | $0.49 | $0.39 | $0.65 |
Balance Sheet (Annual)
Last updated: Aug 7, 2026 11:19am (6d ago)| Metric | 2022 | 2023 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Cash & Equivalents | $468.1M | $536.2M | $536.2M | $425.2M | $719.9M |
| Total Current Assets | $767.8M | — | $1.0B | $1.1B | $1.4B |
| Total Assets | $826.3M | — | $1.1B | $1.2B | $1.5B |
| Current Liabilities | $422.3M | — | $625.2M | $677.6M | $965.9M |
| Long-Term Debt | — | — | — | — | — |
| Total Liabilities | $426.7M | — | $629.3M | $682.3M | $971.5M |
| Total Equity | $399.6M | — | $455.1M | $489.0M | $569.4M |
| Retained Earnings | $220.0M | — | $369.6M | $490.0M | $534.8M |
Cash Flow (Annual)
Last updated: Aug 7, 2026 11:19am (6d ago)| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Operating Cash Flow | $108.5M | $154.5M | $293.5M | -$32.8M | $415.5M |
| Capital Expenditure | -$1.9M | $-987,000 | $-965,000 | -$1.7M | -$2.3M |
| Free Cash Flow | $106.5M | $153.5M | $292.5M | -$34.5M | $413.2M |
| Acquisitions (net) | — | — | — | — | — |
| Net Debt Issued / (Repaid) | $5.0M | -$5.2M | — | — | — |
| Dividends Paid | — | — | $0 | $0 | -$150.0M |
| Stock Buybacks | — | — | — | — | — |
| Net Change in Cash | — | — | -$6.8M | $8.1M | -$5.0M |
Growth Trends (YoY %)
Last updated: Aug 7, 2026 11:19am (6d ago)| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Revenue Growth | +71.6% | +55.2% | +14.7% | +46.6% |
| Gross Profit Growth | +55.0% | +36.9% | +6.4% | +36.7% |
| Operating Income Growth | +52.6% | +40.5% | -21.8% | +56.5% |
| Net Income Growth | +39.6% | +37.1% | -19.2% | +63.4% |
| EBITDA Growth | +53.6% | +41.0% | -17.8% | +56.1% |
Dividend History (Last 20)
Last updated: Aug 13, 2026 3:55am (1d ago)| Date | Dividend | Declaration | Record | Payment |
|---|---|---|---|---|
| 2026-05-27 | $0.19 | — | — | — |
| 2025-05-27 | $0.53 | — | — | — |
Insider Trading (Recent)
Type codes
PPurchase
SSale
AAward / grant
MOption exercise
FIn-kind (tax)
CConversion
GGift
DReturn to issuer
All SEC Form 4 codes
Open market
- P Purchase
- Open-market or private purchase of shares.
- S Sale
- Open-market or private sale of shares.
Compensation (Rule 16b-3)
- A Award / grant
- Grant or award of securities (RSUs, options, etc.) under Rule 16b-3.
- D Return to issuer
- Securities disposed back to the company under Rule 16b-3.
- F In-kind (tax)
- Shares withheld or delivered to pay the option-exercise price or tax — not an open-market sale.
- I Discretionary
- Discretionary transaction under an employee plan — Rule 16b-3(f).
- M Option exercise
- Exercise or conversion of a derivative (option/RSU) into shares — exempt.
Derivatives
- C Conversion
- Conversion of a derivative security into the underlying shares.
- E Short expiration
- Expiration of a short derivative position.
- H Long expiration
- Expiration or cancellation of a long derivative position with value received.
- O OTM exercise
- Exercise of an out-of-the-money derivative.
- X ITM exercise
- Exercise of an in-the-money or at-the-money derivative.
Other exempt
- G Gift
- Bona fide gift of securities.
- L Small acquisition
- Small acquisition under Rule 16a-6.
- W Inheritance
- Acquisition or disposition by will or the laws of descent.
- Z Voting trust
- Deposit into or withdrawal from a voting trust.
Other
- J Other
- Other acquisition or disposition (explained in a Form 4 footnote).
- K Equity swap
- Transaction in an equity swap or similar instrument.
- U Tender / buyout
- Disposition via tender of shares in a change-of-control transaction.
Compensation-plan codes (A, D, F, M) are routine and rarely directional. Open-market P (buy) and S (sale) carry the most signal.
| Date | Insider | Type | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-07-07 | Kanovich Sebastian | C-Conversion | 25,700.00 | $0.00 | $0 |
| 2026-07-07 | Kanovich Sebastian | S-Sale | 25,700.00 | $15.50 | $398,350 |
| 2026-04-01 | Vieira Santos e Santos Gabriela | A-Award | 40,329.00 | $0.00 | $0 |
| 2026-04-01 | Almeida Rodriguez Alberto Emmanuel | A-Award | 40,329.00 | $0.00 | $0 |
Industry Benchmarks
Compares DLO against LLM-researched typical ranges for its
industry. One research call per industry, cached indefinitely — every stock in the same industry
reuses the same baseline.
Deep Analysis
Pre-flight intelligence scans the company first, then routes to the right analytical methods.
0
Company Classification
— What type of company is this?
1
Industry Landscape
— Where is the industry headed?
2
Company Momentum
— Where is this company trending?
3
Forward Projection
— 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a
DCF Valuation
— Present value of future cash flows
4b
Earnings Power Value
— Floor value — worth with zero growth
4c
Anchored PE
— Industry PE adjusted for growth differential
4d
Reverse DCF
— What growth is the market pricing in?
4e
Revenue-Based DCF
— For growth/narrative companies (skip if mature earner)
4f
Anchored P/S
— Price-to-Sales peer comparison (skip if mature earner)
4g
Scenario Analysis
— Bull / Base / Bear (skip if mature earner)
4h
Dividend Discount Model
— For dividend/income stocks only
4i
Book Value Analysis
— For deep value / turnaround stocks only
4j
Insider Activity
— Are insiders buying or selling?
4f
Cash Flow Quality
— How trustworthy is the FCF?
4g
Debt Maturity Risk
— Can it handle its debt?
4h
Macro Environment
— Rates, market valuation, volatility
4i
Sector Intelligence
— How does this company compare within its sector?
4j
Revenue Confidence
— How reliable is the growth projection?
4k
Sensitivity Analysis
— How fragile is the fair value estimate?
4l
Sector Demand Cycle
— Is the sector in a boom, steady state, or contraction?
5
AI Investigation
— Adaptive research engine (Claude)
5b
Thesis Evaluation
— What does the market believe? (narrative/platform stocks only)
6
Valuation Synthesis
— Weighted verdict from all methods (requires Layer 4)
Narrative Economics
The story the market is telling about this stock — the intangible X-factor
(founder mythology, cult dynamics, TAM-of-imagination) that moves price beyond
what cash flows alone explain. After Shiller, Narrative Economics.
No narrative profile yet for DLO — it's generated by the pipeline (
market-narrative step).
Claude Reading
No AI findings yet for DLO — they're generated by the
pipeline (
ai-findings step) when a report is run on this ticker.
GPT Reading
No GPT reading yet for DLO — it's generated by the
pipeline (
gpt-critique step) after the other Big-3 seats, when a
report is run on this ticker.
Grok Reading
No Grok reading yet for DLO — it's generated by the
pipeline (
grok-critique step) alongside the other Big-3 seats, when a
report is run on this ticker.
Advanced Analysis Forensic deep-dive · four lenses
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Data via Financial Modeling Prep · Cached for performance · twelvedata
v1.1.532 · 1ec19de8 · 2026-08-13 17:53:37