DLocal Limited (DLO)

Nasdaq: DLO · Services-Business Services, NEC · Montevideo, UY · filing with the SEC since 2021

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Grade6.7

◀ Past 7.9● Present 6.6▶ Future 6.1

1 est.

Overview Business Financials Grade Forecast Sentiment Ownership People Filings Patents Chart

The grade of DLocal Limited

Nine metrics read from its own filings, by tense

Headline grade

6.7/10

◀ Past7.925% of the headline

● Present6.635% of the headline

▶ Future6.140% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

7.9/1025% of the headline grade · 3 of 3 filed

Surviving crises

as filed

8.0/10

Has it survived what it has been through?

No warning events in its filings since 2021.

weight 22% of this tense · 80th percentile among 105 sector filers · read for itself

From the record

DLocal Limited's filings since 2021 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed

8.7/10

What has it actually done, year after year?

+64.4% a year over 7 filed years; profitable in 7 of 7.

weight 45% of this tense · 87th percentile among 99 sector filers · read for its customers

From the record

DLocal Limited's 7 filed years say what it did: revenue went from $55 million in fiscal 2019 to $1.1 billion in fiscal 2025, up 64.4% a year; it rose in 6 of 6 years; it never fell from a peak; net income was positive in 7 of 7 of those years (its annual reports).

What it rests on

revenue growth over the filed span64.4%top 5% of its family
the share of years revenue rosetop 18% of its family
the share of filed years with a profittop 11% of its family
the deepest fall from a revenue peak0.0%top 18% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed

6.9/10

How has it treated the people who own it?

Share count shrank 1.2% a year. 52% of cash flow returned. Insiders: 4 sales, 1 purchases.

weight 33% of this tense · 69th percentile among 70 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, DLocal Limited's diluted share count shrank about 1.2% a year, and dividends and buybacks returned about 52% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 4 sales (4 under scheduled 10b5-1 plans) and 1 purchase of their own stock on the open market in the year to 2026-09-30, buying about $237 thousand (their Form 4 filings).

What it rests on

the share count over the yearstop 30% of its family
cash returned against operating cash flowtop 32% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

6.6/1035% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

as filed

6.2/10

Is it financially healthy right now?

ROE 35%: 35¢ of profit per shareholder dollar. Leverage 63%: owes 63¢ per asset dollar.

weight 33% of this tense · 62nd percentile among 98 sector filers · read for itself

From the record

Return on equity: in the fiscal year ended 2025-12-31, DLocal Limited earned about 35 cents of profit for every dollar of shareholders' money, and gross profitability: its products earned about 26 cents per dollar of everything the company owns. Leverage: it owed about 63 cents per dollar of assets, and net share issuance: its share count shrank 1.1% over the year (the filed statements).

What it rests on

what it owes per dollar of assetsbottom 43% of its family
return on equitytop 13% of its family
gross profit against assetstop 45% of its family
the share count against the year beforetop 37% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Industry position

as filed

7.5/10

How strong is its position in its industry?

top 25% of 101 in its family; net margin 18%.

weight 45% of this tense · 75th percentile among 101 sector filers · read for its customers

From the record

DLocal Limited's standing among 101 graded names in its industry family: revenue of $1.1 billion in fiscal 2025 ranks in the top 49% by size; a net margin of 18% ranks in the top 16%; revenue growth of 37.7% a year over the last 3 filed years ranks in the top 9% (its annual reports).

What it rests on

revenue against the family$1.09Btop 49% of its family
net margin18.0%top 16% of its family
three-year revenue growth37.7%top 9% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

SI estimate

5.3/10

What are the people in charge doing?

SI estimate 5.3/10, confidence 20 of 100 (family median).

weight 22% of this tense · 50th percentile among 73 sector filers · read for its shareholders

SI estimate Inferred, not read as filed

Why it is an estimate: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 73 members with one.
What the record cannot read: It files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge.
How it was reasoned: family median, 73 readings behind it.
Confidence: 20 of 100
What would change it: Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: DLocal Limited's leadership is put at 5.3 of 10 with a confidence of 20 of 100, because it files no Form 8-K (a foreign issuer reports on Form 6-K), so officer and director changes cannot be read there; the record of its people begins on 2026-03-18 (a listing, a merger or a first filing under the rules) and its chief executive and most of the people in charge have filed since then, so the record shows a floor of 8 months and cannot see past it; a floor under five years is not read as years in charge, so the desk assumes the typical reading of its industry family, the median of 73 members with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

▶ Future

What are they set up to do next?

6.1/1040% of the headline grade · 3 of 3 filed

Room to expand

as filed

5.9/10

How much room does it have to grow?

top 41% of 99 in its family for room to expand.

weight 33% of this tense · 59th percentile among 99 sector filers · read for itself

From the record

DLocal Limited's room to grow, from the newest filed statements (fiscal 2025): cash of $720 million against debt of $87 million leaves 41.1% of its assets as net cash, top 8% of its family; cash from operations less capital spending is 37.8% of revenue (top 8%); a gross margin of 36.8% (bottom 35%); research spending of 2.8% of revenue (bottom 18%) (its annual report).

What it rests on

cash less debt against assets41.1%top 8% of its family
cash from operations less capital spending against revenue37.8%top 8% of its family
gross margin36.8%bottom 35% of its family
research spending against revenue2.8%bottom 18% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed

6.8/10

What could actually drive growth from here?

top 32% of 99 in its family for growth drivers.

weight 45% of this tense · 68th percentile among 99 sector filers · read for its customers

From the record

DLocal Limited's growth drivers, from the filed years to fiscal 2025: revenue grew 37.7% a year over the last three filed years against 64.4% over all 7, slowing (bottom 8% of its family); the newest year grew 46.6% (top 11%); research spending grew 69.1% a year (top 3%); capital spending grew 32.2% a year (top 21%) (its annual reports). DLocal Limited tags no split of its revenue by line in the annual report on file, so growth by line cannot be read here; research and capital spending are on the trend.

What it rests on

three-year growth against the whole span-26.8 points a yearbottom 8% of its family
the newest year's revenue growth46.6%top 11% of its family
three-year growth of research spending69.1%top 3% of its family
three-year growth of capital spending32.2%top 21% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed

4.8/10

Did its newest year beat what its own record pointed to?

bottom 48% of 93 in its family for expectations against reality.

weight 22% of this tense · 48th percentile among 93 sector filers · read for its shareholders

From the record

DLocal Limited's newest year against its own record: revenue of $1.1 billion in fiscal 2025 came in 9.9% above the $995 million its prior three years' pace pointed to (top 23% of its family); net income of $197 million against a prior three-year average of $126 million (bottom 48%); a net margin of 18% against 21.7% before (bottom 19%) (its annual reports).

What it rests on

revenue against the prior three years' pace9.9%top 23% of its family
net income against the prior three years' average+56%bottom 48% of its family
net margin against its prior average-3.7 pointsbottom 19% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton DLO · research, not advice