DLocal Limited (DLO) quarterly income statement — complete revenue, gross profit & net income 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 |
|---|
| Sales/Revenue | 335.86M | 337.89M | 282.48M | 256.46M | 216.76M | 204.49M | 185.77M | 171.28M | 184.43M | 188M | 163.92M | 161.14M | 137.29M | 118.43M | 111.86M | 101.18M | 87.45M | 76.26M | 68.65M | 58.96M |
| Revenue Growth % | 54.95% | 65.23% | 52.06% | 49.73% | 17.53% | 8.77% | 13.33% | 6.29% | 34.34% | 58.75% | 46.54% | 59.26% | 56.98% | 55.3% | 62.96% | 71.6% | 117.24% | 120.06% | - | - |
| Cost of Goods Sold | 217.18M | 222.08M | 179.29M | 157.57M | 131.88M | 120.78M | 107.59M | 101.47M | 121.46M | 118.29M | 89.38M | 90.38M | 75.45M | 63.33M | 57.99M | 51.54M | 43.9M | 37.32M | 34.2M | 25.17M |
| COGS % of Revenue | 64.66% | 65.73% | 63.47% | 61.44% | 60.84% | 59.06% | 57.92% | 59.24% | 65.86% | 62.92% | 54.52% | 56.09% | 54.96% | 53.47% | 51.84% | 50.94% | 50.2% | 48.93% | 49.82% | 42.69% |
| Gross Profit | 118.68M | 115.8M | 103.19M | 98.89M | 84.88M | 83.71M | 78.18M | 69.81M | 62.97M | 69.72M | 74.54M | 70.76M | 61.84M | 55.1M | 53.87M | 49.64M | 43.55M | 38.94M | 34.44M | 33.79M |
| Gross Margin % | 35.34% | 34.27% | 36.53% | 38.56% | 39.16% | 40.94% | 42.08% | 40.76% | 34.14% | 37.08% | 45.48% | 43.91% | 45.04% | 46.53% | 48.16% | 49.06% | 49.8% | 51.07% | 50.18% | 57.31% |
| Gross Profit Growth % | 39.83% | 38.34% | 31.99% | 41.65% | 34.79% | 20.07% | 4.88% | -1.34% | 1.83% | 26.53% | 38.37% | 42.55% | 41.98% | 41.5% | 56.4% | 46.9% | 87.19% | 88.38% | - | - |
| Operating Expenses | 65.13M | 52.69M | 47.6M | 41.7M | 38.65M | 41.44M | 37.04M | 39.62M | 36.07M | 28.72M | 23.01M | 22.99M | 22.48M | 28.6M | 16.64M | 14.55M | 14.47M | 14.38M | 12.88M | 14.87M |
| OpEx % of Revenue | 19.39% | 15.6% | 16.85% | 16.26% | 17.83% | 20.27% | 19.94% | 23.13% | 19.56% | 15.28% | 14.04% | 14.27% | 16.37% | 24.15% | 14.88% | 14.38% | 16.54% | 18.85% | 18.76% | 25.23% |
| Selling, General & Admin | 52.58M | 15.29M | 36.36M | 31.84M | 31.46M | 9.09M | 29.53M | 31.58M | 28.96M | 24.89M | 21.82M | 20.37M | 20.14M | 21.14M | 14.96M | 12.22M | 13.14M | 10.58M | 11.74M | 13.74M |
| SG&A % of Revenue | 15.65% | 4.53% | 12.87% | 12.42% | 14.51% | 4.44% | 15.89% | 18.44% | 15.7% | 13.24% | 13.31% | 12.64% | 14.67% | 17.85% | 13.37% | 12.08% | 15.02% | 13.88% | 17.1% | 23.31% |
| Research & Development | 12.12M | 7.72M | 8.84M | 7.38M | 6.77M | 6.82M | 6.93M | 6.41M | 5.46M | 12.73M | 3.7M | 2.64M | 2.29M | 1.61M | 1.69M | 1.64M | 1.41M | 3.5M | 1.12M | 596K |
| R&D % of Revenue | 3.61% | 2.28% | 3.13% | 2.88% | 3.12% | 3.34% | 3.73% | 3.74% | 2.96% | 6.77% | 2.25% | 1.64% | 1.67% | 1.36% | 1.51% | 1.62% | 1.61% | 4.59% | 1.63% | 1.01% |
| Other Operating Expenses | 432K | 1000K | 1000K | 1000K | 422K | 1000K | 586K | 1000K | 1000K | -1000K | -1000K | -21K | 51K | 1000K | -6K | 681K | -75K | 295K | 18K | 535K |
| Operating Income | 53.55M | 63.11M | 55.58M | 57.18M | 46.23M | 42.27M | 41.14M | 30.2M | 26.9M | 41M | 51.53M | 47.77M | 39.36M | 26.5M | 37.23M | 35.09M | 29.09M | 24.57M | 21.57M | 18.92M |
| Operating Margin % | 15.94% | 18.68% | 19.68% | 22.3% | 21.33% | 20.67% | 22.14% | 17.63% | 14.59% | 21.81% | 31.44% | 29.64% | 28.67% | 22.38% | 33.28% | 34.68% | 33.26% | 32.21% | 31.42% | 32.09% |
| Operating Income Growth % | 15.84% | 49.31% | 35.12% | 89.37% | 71.86% | 3.09% | -20.17% | -36.79% | -31.65% | 54.71% | 38.41% | 36.12% | 35.32% | 7.88% | 72.61% | 85.5% | 54.83% | 97.22% | - | - |
| EBITDA | 61.27M | 71.76M | 62.37M | 62.72M | 51.52M | 48.52M | 45.17M | 34.23M | 30.73M | 41.68M | 54.43M | 50.64M | 41.87M | 28.96M | 39.34M | 36.95M | 30.81M | 25.16M | 22.95M | 20.26M |
| EBITDA Margin % | 18.24% | 21.24% | 22.08% | 24.46% | 23.77% | 23.73% | 24.31% | 19.99% | 16.66% | 22.17% | 33.2% | 31.42% | 30.5% | 24.45% | 35.17% | 36.52% | 35.23% | 32.99% | 33.43% | 34.37% |
| EBITDA Growth % | 18.92% | 47.91% | 38.08% | 83.21% | 67.67% | 16.39% | -17.01% | -32.39% | -26.63% | 43.94% | 38.35% | 37.04% | 35.92% | 15.11% | 71.42% | 82.36% | 59.63% | 101.02% | - | - |
| D&A (Non-Cash Add-back) | 7.71M | 8.65M | 6.78M | 5.54M | 5.29M | 6.25M | 4.03M | 4.04M | 3.82M | 682K | 2.9M | 2.87M | 2.52M | 2.46M | 2.11M | 1.86M | 1.72M | 592K | 1.38M | 1.34M |
| EBIT | 62.14M | 40.62M | 65.21M | 65.89M | 57.19M | 4.71M | 46.52M | 57.5M | 42.79M | 41M | 92.16M | 64.98M | 45.33M | 7.61M | 43.91M | 40.15M | 28.79M | 24.59M | 22.5M | 19.03M |
| Net Interest Income | 5.16M | 3.38M | 6.38M | -3.79M | 6.97M | -1.08M | -10.09M | 28.05M | 299K | -44.23M | 1.55M | 7.46M | 1.39M | -3.07M | -2.48M | 253K | -1.29M | 1.25M | 814K | 393K |
| Interest Income | 10.76M | 7.04M | 10.42M | 11.11M | 12.23M | 12.04M | 7.33M | 29.25M | 18.26M | 7.16M | 44.45M | 18.88M | 6.99M | 5.73M | 6.81M | 5.53M | 6K | 1.28M | 1.09M | 393K |
| Interest Expense | 5.6M | 3.67M | 4.04M | 14.89M | 5.26M | 13.12M | 17.42M | 1.2M | 17.96M | 51.39M | 42.9M | 11.42M | 5.6M | 8.8M | 9.29M | 5.28M | 1.3M | 33K | 275K | 0 |
| Other Income/Expense | 2.99M | 1.44M | 5.59M | -6.18M | 5.7M | -1.48M | -12.04M | 26.1M | -2.07M | -5.04M | -2.27M | 5.8M | 372K | -3.2M | -2.61M | -219K | -1.6M | 1.1M | 658K | 386K |
| Pretax Income | 56.55M | 64.55M | 61.18M | 51M | 51.93M | 40.79M | 29.1M | 56.3M | 24.83M | 35.96M | 49.26M | 53.56M | 39.73M | 23.3M | 34.63M | 34.87M | 27.49M | 25.66M | 22.23M | 19.3M |
| Pretax Margin % | 16.84% | 19.1% | 21.66% | 19.88% | 23.96% | 19.95% | 15.66% | 32.87% | 13.46% | 19.13% | 30.05% | 33.24% | 28.94% | 19.67% | 30.95% | 34.47% | 31.43% | 33.65% | 32.38% | 32.74% |
| Income Tax | 14.61M | 8.91M | 9.39M | 8.19M | 5.26M | 11.09M | 2.29M | 10.06M | 7.11M | 7.48M | 8.9M | 8.77M | 4.28M | 3.94M | 2.29M | 4.15M | 1.21M | 2.11M | 2.56M | 1.6M |
| Effective Tax Rate % | 25.84% | 13.81% | 15.35% | 16.06% | 10.13% | 27.19% | 7.86% | 17.87% | 28.65% | 20.79% | 18.06% | 16.38% | 10.77% | 16.89% | 6.61% | 11.9% | 4.41% | 8.24% | 11.51% | 8.27% |
| Net Income | 41.98M | 55.54M | 51.83M | 42.81M | 46.63M | 29.68M | 26.78M | 46.24M | 17.71M | 28.52M | 40.31M | 44.7M | 35.44M | 19.36M | 32.46M | 30.57M | 26.29M | 23.59M | 19.66M | 17.71M |
| Net Margin % | 12.5% | 16.44% | 18.35% | 16.69% | 21.51% | 14.52% | 14.42% | 27% | 9.6% | 15.17% | 24.59% | 27.74% | 25.82% | 16.35% | 29.02% | 30.22% | 30.06% | 30.93% | 28.64% | 30.03% |
| Net Income Growth % | -9.98% | 87.1% | 93.51% | -7.43% | 163.33% | 4.09% | -33.56% | 3.46% | -50.04% | 47.31% | 24.17% | 46.2% | 34.81% | -17.93% | 65.09% | 72.65% | 55.39% | 103.35% | - | - |
| Net Income (Continuing) | 41.94M | 55.64M | 51.79M | 42.81M | 46.67M | 29.7M | 26.81M | 46.24M | 17.72M | 28.48M | 40.36M | 44.79M | 35.45M | 19.36M | 32.34M | 30.72M | 26.27M | 23.55M | 19.67M | 17.71M |
| Discontinued Operations | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Minority Interest | 209K | 168K | 134K | 220K | 119K | 100K | 127K | 115K | 122K | 109K | 145K | 90K | -5K | -9K | -11K | 113K | -37K | -18K | 18K | 12K |
| EPS (Diluted) | 0.14 | 0.19 | 0.17 | 0.14 | 0.15 | 0.10 | 0.09 | 0.15 | 0.06 | 0.10 | 0.14 | 0.15 | 0.12 | 0.07 | 0.10 | 0.10 | 0.08 | 0.08 | 0.06 | 0.06 |
| EPS Growth % | -6.67% | 90% | 88.05% | -6.67% | 150% | 5.15% | -35.43% | 0% | -50% | 45.41% | 40% | 53.53% | 43.03% | -13.03% | 66.67% | 62.83% | 45.16% | 88% | - | - |
| EPS (Basic) | 0.14 | 0.19 | 0.18 | 0.15 | 0.16 | 0.11 | 0.09 | 0.16 | 0.06 | 0.10 | 0.14 | 0.15 | 0.12 | 0.07 | 0.10 | 0.10 | 0.08 | 0.08 | 0.07 | 0.06 |
| Diluted Shares Outstanding | 299.82M | 294.93M | 304.85M | 305.79M | 310.87M | 294.86M | 296.32M | 308.43M | 310.12M | 295.67M | 289.56M | 289.25M | 293.8M | 296.03M | 313.17M | 312.99M | 313.19M | 313.19M | 313.2M | 308.59M |
| Basic Shares Outstanding | 299.82M | 294.93M | 304.85M | 285.4M | 291.44M | 280.44M | 297.58M | 293.43M | 296.09M | 299.95M | 289.56M | 289.25M | 293.8M | 296.03M | 313.17M | 305.72M | 313.19M | 295.04M | 293.56M | 288.52M |
| Dividend Payout Ratio | - | 0.06% | - | 350.34% | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - |