DLocal Limited (DLO) quarterly cash flow statement — complete operating, investing & financing history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Cash from Operations | 92.78M | 106.11M | 95.17M | 124.46M | 95.41M | -141.13M | 39.57M | 28.81M | 39.97M | 61.44M | 7.97M | 139.5M | 84.53M | -41.37M | 86.29M | 33.62M | 75.91M | 39.35M | 29.44M | 36.3M |
| Operating CF Margin % | 27.62% | 31.4% | 33.69% | 48.53% | 44.02% | -69.02% | 21.3% | 16.82% | 21.67% | 32.68% | 4.86% | 86.57% | 61.57% | -34.93% | 77.14% | 33.22% | 86.8% | 51.6% | 42.89% | 61.57% |
| Operating CF Growth % | -2.76% | 175.19% | 140.51% | 332.03% | 138.72% | -329.7% | 396.25% | -79.35% | -52.72% | 248.52% | -90.76% | 315% | 11.36% | -205.14% | 193.1% | -7.4% | 2135.94% | 4.46% | - | - |
| Net Income | 56.55M | 55.54M | 51.83M | 51M | 51.93M | 40.79M | 29.1M | 56.3M | 24.83M | 35.96M | 49.26M | 44.7M | 39.73M | 23.3M | 32.46M | 34.87M | 27.49M | 25.66M | 19.66M | 19.3M |
| Depreciation & Amortization | 7.71M | 8.65M | 6.78M | 5.54M | 5.29M | 6.25M | 4.52M | 4.04M | 3.82M | 3.6M | 2.9M | 2.87M | 2.52M | 2.46M | 2.11M | 1.86M | 1.72M | 1.51M | 1.38M | 1.34M |
| Stock-Based Compensation | 6.07M | 0 | 0 | 4.91M | 6.02M | 6.34M | 6.2M | 6.78M | 4.46M | 4.85M | 3.32M | 1.42M | 2.33M | 3.81M | 1.6M | 1.24M | 2.03M | 2.24M | 2.67M | 2.12M |
| Deferred Taxes | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non-Cash Items | -7.41M | 12.67M | 126.26M | 861K | -7.29M | -14.84M | 8.54M | -44.31M | -8.38M | 9.14M | -4.9M | 142.68M | -4.73M | 10.08M | 85.92M | -9.35M | 1.54M | -3.55M | -1.31M | -6.16M |
| Working Capital Changes | 29.87M | 29.26M | -89.69M | 62.15M | 39.46M | -179.67M | -8.79M | 6.01M | 15.23M | 7.89M | -42.6M | -52.16M | 44.69M | -81.01M | -35.8M | 5M | 43.12M | 13.49M | 7.04M | 19.7M |
| Change in Receivables | -170.3M | -7.87M | -90.59M | -13.05M | 21.08M | -109.49M | 49M | -69.32M | -32.84M | -51.15M | -12.71M | -50.31M | -9.07M | -11.56M | -33.13M | 21.46M | -26.2M | -23.39M | 6.38M | -78.29M |
| Change in Inventory | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Change in Payables | 204.84M | 39.07M | 0 | 76.95M | 16.35M | -70.7M | -49.49M | 67.27M | 45.96M | 52.65M | -48.17M | 0 | 41.38M | -15.73M | 0 | -11.2M | 69.62M | 32.68M | 0 | 96.63M |
| Cash from Investing | 1.95M | -15.35M | 30.23M | -10.49M | -6.36M | -24.06M | 2.02M | 2.89M | 1.39M | -9.7M | -41.52M | -37.45M | 4.01M | 1.69M | 2.66M | 1.92M | -1.97M | -1.25M | -1.43M | -2.02M |
| Capital Expenditures | -522K | -11.91M | -220K | -515K | -945K | -427K | -52K | -440K | -786K | 21K | -329K | -608K | -49K | -128K | -285K | -494K | -80K | -310K | -419K | -785K |
| CapEx % of Revenue | 0.16% | 3.53% | 0.08% | 0.2% | 0.44% | 0.21% | 0.03% | 0.26% | 0.43% | 0.01% | 0.2% | 0.38% | 0.04% | 0.11% | 0.25% | 0.49% | 0.09% | 0.41% | 0.61% | 1.33% |
| Acquisitions | 791K | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Other Investing | 1.37M | 12.97M | 30.45M | -1.94M | -1.46M | 1.22M | 2.05M | 1.63M | 2.42M | 3.89M | 16.1M | -36.84M | 3.01M | 1.82M | 2.94M | 3.31M | -2.5M | -943K | -1.01M | -1.23M |
| Cash from Financing | -2.04M | 32.65M | 3.72M | -150.52M | -926K | 31.56M | -6.89M | -82.84M | -10.42M | -10.92M | -12.27M | -71.08M | -39.61M | -35.85M | -170K | 8.63M | 66K | 4.88M | -970K | 104.01M |
| Debt Issued (Net) | 24.61M | 29.94M | -370K | 5.75M | 5.13M | 50.32M | -371K | 26K | -95K | -315K | -512K | -146K | -130K | -14.86M | 22K | 9.24M | -92K | 4.9M | -107K | -170K |
| Equity Issued (Net) | -9.93M | 3.07M | 0 | 0 | 0 | 0 | -19.32M | -81.75M | 0 | 0 | 0 | -61.01M | -36.92M | -2.02M | 0 | 0 | 0 | 0 | -1K | 103.92M |
| Dividends Paid | 0 | 31.31K | 0 | -149.98M | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share Repurchases | -10.12M | 0 | 0 | 0 | 0 | 0 | -19.32M | -81.75M | 0 | 0 | 0 | -61.01M | -36.92M | -2.02M | 0 | 0 | 0 | 0 | -1K | 0 |
| Other Financing | -16.72M | -394.28K | 4.09M | -6.28M | -6.05M | -18.75M | 12.79M | -1.11M | -10.32M | -10.6M | -11.75M | -9.92M | -2.56M | -18.97M | -192K | -609K | 158K | -19K | -862K | 258K |
| Net Change in Cash | 95.71M | 120.51M | 127.53M | -34.57M | 86.33M | -135.36M | 28.91M | -40.74M | 36.2M | 37.99M | -51.22M | 31.49M | 49.8M | -74.21M | 88.31M | 43.92M | 73.87M | 43.14M | 27.1M | 138.45M |
| Free Cash Flow | 83.04M | 105.49M | 94.95M | 116.03M | 87.9M | -147.26M | 34.14M | 23.53M | 34.16M | 56.7M | 3.29M | 138.9M | 80.68M | -45.15M | 86.01M | 30.91M | 73.32M | 36.54M | 29.02M | -4.55M |
| FCF Margin % | 24.73% | 31.22% | 33.61% | 45.24% | 40.55% | -72.01% | 18.38% | 13.74% | 18.52% | 30.16% | 2.01% | 86.2% | 58.77% | -38.12% | 76.89% | 30.54% | 83.84% | 47.92% | 42.28% | -7.71% |
| FCF Growth % | -5.52% | 171.63% | 178.13% | 393.18% | 157.32% | -359.69% | 938.64% | -83.06% | -57.66% | 225.6% | -96.18% | 349.43% | 10.03% | -223.54% | 196.35% | 779.53% | 4101.78% | 0.27% | - | - |
| FCF per Share | 0.28 | 0.36 | 0.31 | 0.38 | 0.28 | -0.50 | 0.12 | 0.08 | 0.11 | 0.19 | 0.01 | 0.48 | 0.27 | -0.15 | 0.27 | 0.10 | 0.23 | 0.12 | 0.09 | -0.01 |
| FCF Conversion (FCF/Net Income) | 2.21x | 1.91x | 1.84x | 2.91x | 2.05x | -4.75x | 1.48x | 0.62x | 2.26x | 2.15x | 0.20x | 3.12x | 2.38x | -2.14x | 2.66x | 1.10x | 2.89x | 1.67x | 1.50x | 2.05x |
| Interest Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11.39M | 0 | 0 | -45K | 0 | 0 | 0 | 46K | 0 |
| Taxes Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |