DLocal Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Revenue	960.19	745.97	650.35	418.93	244.12	104.14
Revenue Growth (YoY)	31.62%	14.70%	55.24%	71.61%	134.41%	88.36%
Cost of Revenue	589.53	451.3	373.49	216.76	113.68	44.07
Gross Profit	370.66	294.67	276.86	202.17	130.44	60.08
Selling, General & Admin	132.45	122.85	87.69	61.68	45.87	24.88
Research & Development	29.81	25.63	12.65	6.35	3.39	2.01
Other Operating Expenses	6.61	5.26	-	0.7	-0.47	2.9
Operating Expenses	171.2	154.17	97.2	74.26	48.81	28.98
Operating Income	199.47	140.5	179.66	127.91	81.63	31.1
Interest Expense	-0.52	-0.5	-0.58	-0.18	-0.14	-0.02
Interest & Investment Income	26.43	28.27	49.59	18.11	2.56	0.44
Currency Exchange Gain (Loss)	-19.46	-19.46	-28.01	-18.76	-	-
Other Non Operating Income (Expenses)	-20.39	-36.39	-100.78	-6.77	-0.74	-0.01
EBT Excluding Unusual Items	185.53	112.41	99.87	120.32	83.31	31.52
Merger & Restructuring Charges	-	-	-	-	-0.69	-0.16
Gain (Loss) on Sale of Investments	19.37	38.61	78.64	-0.04	-0.02	0.01
Other Unusual Items	-	-	-	-	2.9	0.05
Pretax Income	204.89	151.02	178.51	120.28	85.5	31.42
Income Tax Expense	33.93	30.55	29.43	11.59	7.65	3.23
Earnings From Continuing Operations	170.97	120.47	149.09	108.7	77.85	28.19
Minority Interest in Earnings	-0.02	-0.05	-0.12	-0.01	0.02	-0
Net Income	170.95	120.42	148.96	108.68	77.88	28.18
Net Income to Common	170.95	120.42	148.96	108.68	77.88	28.18
Net Income Growth	43.35%	-19.16%	37.06%	39.56%	176.31%	80.64%
Shares Outstanding (Basic)	289	290	292	296	287	269
Shares Outstanding (Diluted)	301	305	303	313	309	285
Shares Change (YoY)	-0.09%	0.72%	-3.25%	1.36%	8.46%	3.41%
EPS (Basic)	0.59	0.42	0.51	0.37	0.27	0.10
EPS (Diluted)	0.56	0.39	0.49	0.35	0.25	0.10
EPS Growth	40.60%	-20.41%	40.00%	40.00%	150.00%	100.00%
Free Cash Flow	171.81	-34.49	292.49	153.46	106.54	87.61
Free Cash Flow Per Share	0.57	-0.11	0.96	0.49	0.34	0.31
Gross Margin	38.60%	39.50%	42.57%	48.26%	53.43%	57.69%
Operating Margin	20.77%	18.83%	27.63%	30.53%	33.44%	29.87%
Profit Margin	17.80%	16.14%	22.91%	25.94%	31.90%	27.06%
Free Cash Flow Margin	17.89%	-4.62%	44.97%	36.63%	43.64%	84.13%
EBITDA	203.14	144.06	182.55	135.54	85.92	31.26
EBITDA Margin	21.16%	19.31%	28.07%	32.35%	35.20%	30.01%
D&A For EBITDA	3.67	3.56	2.89	7.63	4.29	0.16
EBIT	199.47	140.5	179.66	127.91	81.63	31.1
EBIT Margin	20.77%	18.83%	27.63%	30.53%	33.44%	29.87%
Effective Tax Rate	16.56%	20.23%	16.48%	9.63%	8.94%	10.28%

Updated Nov 12, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

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