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	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net Income	203.97	196.8	120.42	148.96	108.68	77.88
Depreciation & Amortization	10.3	5.47	3.98	12.23	8.15	4.75
Other Amortization	20.79	20.79	13.41	-	-	-
Asset Writedown & Restructuring Costs	4.72	4.72	4.74	-	-	-
Loss (Gain) From Sale of Investments	-2.17	-14.55	-37.42	-78.64	-0.01	0.05
Stock-Based Compensation	25.76	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	-2.03	12.8	5.09	94.36	8.16	-6.92
Change in Accounts Receivable	-678.93	-90.15	-162.65	-123.25	-49.44	-115.36
Change in Accounts Payable	863.86	256.65	-6.96	194.62	130.71	134.3
Change in Income Taxes	-1.29	-5.57	-3.18	-10.97	-4.25	5.31
Change in Other Net Operating Assets	-18.28	2.18	5.57	43.9	-56.25	0.9
Operating Cash Flow	428.89	415.46	-32.78	293.45	154.45	108.49
Operating Cash Flow Growth	262.51%	-	-	90.00%	42.37%	22.60%

Investing Activities

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Capital Expenditures	-1.59	-2.28	-1.71	-0.97	-0.99	-1.95
Sale (Purchase) of Intangibles	-38.9	-34.5	-20.94	-17.26	-11.37	-46.07
Investment in Securities	46.92	15.84	-23.37	-116.03	-0.33	7.52
Other Investing Activities	30.83	26.25	28.27	49.59	16.98	2.56
Investing Cash Flow	38.05	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	Jun 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	39.78	51.8	50.43	-	14.78	5
Long-Term Debt Repaid	-	-0.6	-0.55	-1.1	-20.35	-0.43
Total Debt Repaid	-22.09	-0.6	-0.55	-1.1	-20.35	-0.43
Net Debt Issued (Repaid)	17.69	51.2	49.88	-1.1	-5.57	4.57
Issuance of Common Stock	3.69	4.37	1.85	0.15	3.94	150.35
Repurchase of Common Stock	-86.06	-	-101.07	-97.93	-2.02	-
Common Dividends Paid	-57.21	-	-	-	-	-
Other Financing Activities	-23.66	-26.66	-19.25	-34.99	-23.67	-1.17
Financing Cash Flow	-145.55	-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	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Foreign Exchange Rate Adjustments	-3.39	-4.97	8.14	-6.85	0.47	0.17
Miscellaneous Cash Flow Adjustments	-0	-0	-	-	-	-
Net Cash Flow	318	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	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Free Cash Flow	427.3	413.18	-34.49	292.49	153.46	106.54
Free Cash Flow Growth	267.19%	-	-	90.59%	44.05%	21.60%
Free Cash Flow Margin	31.51%	37.78%	-4.62%	44.97%	36.63%	43.64%
Free Cash Flow Per Share	1.43	1.37	-0.11	0.96	0.49	0.34
Levered Free Cash Flow	407.02	332.32	-22.12	242.11	106.88	35.69
Unlevered Free Cash Flow	407.02	332.48	-21.81	242.47	106.99	35.78

Additional Metrics

Fiscal Year	TTM	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Jun 30, 2026	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash Interest Paid	16.15	16.12	2.78	0.58	1.78	0.14
Cash Income Tax Paid	32.26	27.04	28.7	11.48	8.87	9.82
Change in Working Capital	165.36	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: May 14, 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:

Aug 19, 2026

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