Added to YB: 2026-03-23
Pitch date: 2026-03-19
DLO [bullish]
DLocal Limited
Author Info
No bio for this author
Company Info
DLocal Limited, together with its subsidiaries, provides payment processing services worldwide. The company offers a robust pay-in solution to help global merchants expand their online presence and receive payments, including international and local cards, online bank transfers, direct debit, cash, and hundreds of alternative payment methods (APMs).
Market Cap
$3.7B
Pitch Price
N/A
Price Target
N/A
Dividend
1.55%
EV/EBITDA
13.06
P/E
19.28
EV/Sales
2.69
Sector
Financial Services
Category
growth
dLocal Q4 & FY 2025 Review
DLO (added to position): Q4 rev $337.9M beat est $293-300M (+65% YoY); FY25 rev crossed $1B, TPV $41B (+60%). TPV retention 158%, net rev retention 145%. Net income $197M (+63%), adj FCF $191M (+110%, 97% conversion). Gross margin compressed 34% from 41% on merchant scaling/new markets. 2026 guide: 50-60% TPV growth, 25% gross profit growth. New $300M buyback. <2% share of $2.1T TAM ($4.2T by 2030). Risks: take rate pressure, FX volatility, regulatory complexity, concentration.
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