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dLocal Ltd
dLocal Ltd (DLO) is listed on NASDAQ and classified in Software - Infrastructure, part of the Technology sector. It is headquartered in Montevideo, Uruguay and has 1,274 employees. The company is worth $4.37B and trades at 22.1x its earnings of the last twelve months; the median for its sector is 28.0x. Revenue was $1.09B in fiscal 2025, up 46.6% from the year before. Net income was $196.8M. The share price is 8.1% below its 52-week high of $16.15. It pays a dividend yielding 1.28%. 4 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Baillie Gifford (Baillie Gifford & Co), at $33.17M. In that quarter, 4 of them reduced the position. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Major managers that reported this stock in their latest 13F.
▼ -55.8% over 5Y.
today you would have $322.54▼ -67.7%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
The last 4 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Year-end price | $14.14 | $11.26 | $17.69 | $15.57 | |
| P/E | 32.5x | 21.8x | 28.9x | 36.1x | 44.5x |
| P/S | 6.1x | 3.8x | 4.3x | 7.9x | 11.0x |
| P/B | 9.3x | 7.3x | 6.6x | 11.2x | 11.5x |
| EPS | $0.65 | $0.39 | $0.49 |
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings growing 22.9% a year plus a 1.3% dividend yield. Growth capped at 25%.
Median P/E of 28.0 among peers in the sector.
Median P/E of 32.5 across this company’s own years on record.
Cash flow growing 15.0% a year for 10 years, discounted at 10%, then 2.5% forever.
Sector median of 14.3x operating profit, less net debt. Banks have no EBITDA.
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Companies of similar size in Technology, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| BMIBadger Meter Inc | $149.64 | 35.0x | 6.4x | 1.18% | 18.48% | $4.34B |
| QTWOQ2 Holdings, Inc. | $69.34 | 47.2x | 6.7x | 0.00% | 14.98% | $4.32B |
| BILLBILL Holdings, Inc. | $50.67 | — | 1.3x | 0.00% | -0.30% | $4.32B |
| QBTSD-Wave Quantum Inc. | $11.63 |
| $0.35 |
| Dividend yield | — | 3.71% | — | — | — |
| Payout | — | 80.77% | — | — | — |
| Profit margin | 20.45% | 18.00% | 16.14% | 22.91% | 25.94% |
| ROE | 29.97% | 34.57% | 24.63% | 32.74% | 27.20% |
Median of the years shown; P/E years above 200x are left out.
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
6 methods answered, across 3 families.
Room for errors in the reported numbers.
+66.4% from the average.
Models, not forecasts, and not investment advice. How each formula works →
| — |
| 4.0x |
| 0.00% |
| -27.98% |
| $4.42B |
| GDSGDS Holdings Ltd | $22.14 | 10.3x | 1.0x | 0.00% | 12.77% | $4.44B |
| PAYPaymentus Holdings, Inc. | $34.07 | 50.1x | 7.0x | 0.00% | 15.02% | $4.29B |