DLocal Limited

DLONASDAQTechnology● Active

$11.37

+$0.13(+1.11%)

Market Cap$3.3B

P/E Ratio—

52W High$16.78

52W Low$9.75

Avg Volume2.1M

Open$11.22

Beta0.96

Free Cash Flow Financials Revenue

DLocal Limited (DLO) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

DLO · free cash flow · updated Jun 8, 2026

Core FCF metrics

DLO · FCF · TTM · margin & CAGR

Free cash flow was $421.9M for FY2025 (fiscal year ending 2025-12-31), up 861.1% year-over-year The FCF margin was 38.6%. Five-year CAGR stands at +37.9%.

FY2025 Free Cash Flow$421.9M▲ +861.1% YoY

Trailing 12M (TTM)$399.5Mtrailing 4 quarters sum

FCF Margin38.6%$421.9M ÷ revenue

3-Year CAGR+36.1%FY2022 → FY2025

5-Year CAGR+37.9%FY2020 → FY2025

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

DLO · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$424.2M(2M)$421.9M▲ +861.1%38.6%

FY2024−$32.8M(23M)−$55.4M▼ 120.1%-7.4%

FY2023$293.5M(18M)$275.2M▲ +64.5%42.3%

FY2022$168.2M(1M)$167.3M▲ +176.6%39.9%

FY2021$108.5M(48M)$60.5M▼ 28.5%24.8%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

DLO · P/FCF · FCF yield · FCF per share

DLocal Limited (DLO) trades at a FCF yield of 12.02% and a price-to-free-cash-flow ratio of 8.4x. FCF per share stands at $1.35, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

12.02%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$1.35

TTM FCF ÷ Shares Outstanding

Price / FCF

x8.4

Share Price ÷ FCF per Share

EV / FCF (TTM)

x6.3

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

DLO · cash flow statement · operating / investing / financing

For FY2025, DLocal Limited generated $424.2M in operating cash flow and spent 2M in capital expenditures, yielding $421.9M in free cash flow.

Operating Activities

+$424.2M

Cash from core business operations

2025-12-31

Investing Activities

−$20.9M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$103.5M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($424.2M) − |CapEx| (2M) = FCF ($421.9M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Technology)

DLO vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

DLocal LimitedYOU

DLO

$421.9M+861.1%38.6%

Taiwan Semiconductor Manufacturing Company Limited

Microsoft Corporation

Technology · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

DLocal Limited (DLO) reported free cash flow of $421.9M for FY2025 (fiscal year ending 2025-12-31), up 861.1% year-over-year. The FCF margin was 38.6%.

Based on available data, DLocal Limited has maintained positive free cash flow for at least 6 fiscal year(s). FCF peaked at $421.9M in FY2025. The 5-year CAGR stands at +37.9%.

DLocal Limited's FCF yield is 12.02% and price-to-FCF ratio is 8.4x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

DLO free cash flow · 8 questions

DLocal Limited free cash flow was $421.9M for FY2025, up 861.1% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $399.5M.

DLO free cash flowDLO FCFDLO FCF 2025DLO free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · DLocal Limited · DLocal Limited SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026