dLocal (DLO) Change in Intangibles (2020 - 2025)
dLocal (DLO) posted quarterly Change in Intangibles of -$10.9 million for Q4 2025, down 91.05% YoY from -$121.7 million in Q4 2024, and up 21.7% sequentially from -$13.9 million in Q3 2025.
dLocal (DLO) Change in Intangibles (2020 - 2025) Analysis & Trends
dLocal has disclosed Change in Intangibles across 6 years of filings, most recently posting -$10.9 million for Q4 2025.
- In Q4 2025, Change in Intangibles fell 91.05% year-over-year to -$10.9 million; the TTM figure through Dec 2025 stood at -$39.3 million (down 87.56% YoY), while the FY2025 annual figure was -$34.5 million, down 64.76% from the prior year.
- Change in Intangibles rose to -$10.9 million in Q4 2025, from -$13.9 million in the prior quarter.
- Over the last five years, Change in Intangibles for DLO reached as high as -$1.2 million in Q1 2021 and fell as low as -$40.1 million in Q2 2021.
- The 5-year median for Change in Intangibles is -$4.6 million (2023), against an average of -$6.7 million.
- Annual changes were most pronounced in 2021 — Change in Intangibles sank 307.35% — and 2022, when it surged 94.47%.
- A 5-year view of Change in Intangibles shows it stood at -$2.5 million in 2021, then slumped by 46.41% to -$3.6 million in 2022, then slumped by 30.36% to -$4.8 million in 2023, then slipped by 19.78% to -$5.7 million in 2024, then plunged by 91.05% to -$10.9 million in 2025.
- According to Business Quant data, Change in Intangibles over the past three periods registered -$10.9 million, -$13.9 million, and -$7.9 million for Q4 2025, Q3 2025, and Q2 2025 respectively.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Intangibles (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,853.66 Bn | 2,775.39 Bn | 56.06 Bn | - |
| 2 | Oracle | 408.21 Bn | 376.86 Bn | 17.12 Bn | - |
| 3 | Palantir Technologies | 300.98 Bn | 293.06 Bn | 1.42 Bn | - |
| 4 | Palo Alto Networks | 247.84 Bn | 243.30 Bn | 1.91 Bn | - |
| 5 | CrowdStrike Holdings | 193.63 Bn | 190.57 Bn | 993.68 Mn | - |
| 6 | Fortinet | 117.45 Bn | 114.16 Bn | 1.49 Bn | - |
| 7 | Cloudflare | 86.88 Bn | 85.93 Bn | 455.60 Mn | 9.03 Mn |
| 8 | Synopsys | 86.18 Bn | 86.06 Bn | 1.77 Bn | - |
| 9 | Block | 46.10 Bn | 39.21 Bn | 2.91 Bn | - |
| 10 | dLocal | 4.27 Bn | 3.55 Bn | 115.80 Mn | -10.89 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -10.89 Mn |
| Dec 31, 2025 | -10.89 Mn |
| Sep 30, 2025 | -13.91 Mn |
| Sep 30, 2025 | -13.91 Mn |
| Jun 30, 2025 | -7.92 Mn |
| Jun 30, 2025 | -7.92 Mn |
| Mar 31, 2025 | -6.57 Mn |
| Mar 31, 2025 | -6.57 Mn |
| Dec 31, 2024 | -5.70 Mn |
| Dec 31, 2024 | -5.70 Mn |
| Sep 30, 2024 | -5.38 Mn |
| Sep 30, 2024 | -5.38 Mn |
| Jun 30, 2024 | -4.84 Mn |
| Jun 30, 2024 | -4.84 Mn |
| Mar 31, 2024 | -5.02 Mn |
| Mar 31, 2024 | -5.02 Mn |
| Dec 31, 2023 | -4.76 Mn |
| Dec 31, 2023 | -4.76 Mn |
| Sep 30, 2023 | -4.36 Mn |
| Sep 30, 2023 | -4.36 Mn |