DLocal Limited (DLO)

DLocal Cash Flow Statement

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

Operating Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	219.98	196.8	120.42	148.96	108.68	77.88
Depreciation & Amortization	11.81	5.47	3.98	12.23	8.15	4.75
Other Amortization	20.79	20.79	13.41	-	-	-
Asset Writedown & Restructuring Costs	2.73	4.72	4.74	-	-	-
Loss (Gain) From Sale of Investments	0.23	-14.55	-37.42	-78.64	-0.01	0.05
Stock-Based Compensation	23.72	24.14	23.78	11.92	8.68	7.59
Provision & Write-off of Bad Debts	2.19	2.19	0.44	0.32	-	-
Other Operating Activities	1.41	12.8	5.09	94.36	8.16	-6.92
Change in Accounts Receivable	-531.04	-90.15	-162.65	-123.25	-49.44	-115.36
Change in Accounts Payable	763.88	256.65	-6.96	194.62	130.71	134.3
Change in Income Taxes	11.45	-5.57	-3.18	-10.97	-4.25	5.31
Change in Other Net Operating Assets	-14.17	2.18	5.57	43.9	-56.25	0.9
Operating Cash Flow	512.95	415.46	-32.78	293.45	154.45	108.49
Operating Cash Flow Growth	194.95%	-	-	90.00%	42.37%	22.60%

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-1.58	-2.28	-1.71	-0.97	-0.99	-1.95
Sale (Purchase) of Intangibles	-38.63	-34.5	-20.94	-17.26	-11.37	-46.07
Investment in Securities	14.88	15.84	-23.37	-116.03	-0.33	7.52
Other Investing Activities	37.35	26.25	28.27	49.59	16.98	2.56
Investing Cash Flow	12.82	5.31	-17.75	-84.67	4.31	-37.94

Financing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Short-Term Debt Issued	-	51.8	50.43	-	14.78	5
Total Debt Issued	177.34	51.8	50.43	-	14.78	5
Long-Term Debt Repaid	-	-0.6	-0.55	-1.1	-20.35	-0.43
Lease Payments	-0.06	-0.6	-0.55	-1.1	-0.39	-0.43
Total Debt Repaid	-73.34	-0.6	-0.55	-1.1	-20.35	-0.43
Net Debt Issued (Repaid)	104.01	51.2	49.88	-1.1	-5.57	4.57
Issuance of Common Stock	3.22	4.37	1.85	0.15	3.94	150.35
Repurchase of Common Stock	-120.11	-	-101.07	-97.93	-2.02	-
Special Dividends Paid	-149.98	-149.98	-	-	-	-
Dividends Paid	-149.98	-149.98	-	-	-	-
Other Financing Activities	71.09	-26.66	-19.25	-34.99	-23.67	-1.17
Financing Cash Flow	-91.77	-121.07	-68.59	-133.87	-27.33	153.75

Net Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Foreign Exchange Rate Adjustments	-4.58	-4.97	8.14	-6.85	0.47	0.17
Miscellaneous Cash Flow Adjustments	-0	-0	-	-	-	-
Net Cash Flow	429.42	294.73	-110.99	68.07	131.9	224.46

Free Cash Flow

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	511.37	413.18	-34.49	292.49	153.46	106.54
Free Cash Flow Growth	197.64%	-	-	90.59%	44.05%	21.60%
Free Cash Flow Margin	34.75%	37.78%	-4.62%	44.97%	36.63%	43.64%
Free Cash Flow Per Share	1.72	1.37	-0.11	0.96	0.49	0.34
Levered Free Cash Flow	436.5	332.32	-22.12	242.11	106.88	35.69
Unlevered Free Cash Flow	436.5	332.48	-21.81	242.47	106.99	35.78
Free Cash Flow After Leases	511.31	412.57	-35.04	291.39	153.08	106.11

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Sep 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	16.12	16.12	2.78	0.58	1.78	0.14
Cash Income Tax Paid	27.04	27.04	28.7	11.48	8.87	9.82
Change in Working Capital	230.11	163.11	-167.22	104.3	20.78	25.15

SEC Filings: 10-K · 10-Q

Data Source: S&P Global Market Intelligence Last updated: Nov 12, 2026

Financial data is provided by S&P Global Market Intelligence and updates within hours after each earnings release, which is every three months for this company.

Update frequency:

Quarterly

Last checked:

Nov 12, 2026

Data Sources Report a data error