dLocal (DLO) Change in Intangibles (2020 - 2025)
dLocal's (DLO) quarterly Change in Intangibles came in at -$10.9 million in Q4 2025, down 91.05% year-on-year from -$121.7 million in Q4 2024, and down 19.27% on a QoQ basis from -$9.1 million in Q3 2025.
dLocal (DLO) Change in Intangibles (2020 - 2025) Analysis & Trends
dLocal (DLO) has 6 years of Change in Intangibles data on file, last reported at -$10.9 million in Q4 2025.
- On a quarterly basis, Change in Intangibles fell 91.05% year-over-year to -$10.9 million in Q4 2025; TTM through Dec 2025 was -$34.5 million, a 64.76% decrease from a year earlier, with the FY2025 full-year figure at -$34.5 million, down 64.76% from the prior year.
- Change in Intangibles for Q4 2025 stood at -$10.9 million, down from -$9.1 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.
- Historically, Change in Intangibles has averaged -$6.5 million across 5 years, with a median of -$4.6 million in 2023.
- Across the five-year window, Change in Intangibles sank 307.35% in 2021 and soared 94.47% in 2022, its largest moves.
- Year by year, Change in Intangibles stood at -$2.5 million in 2021, then sank by 46.41% to -$3.6 million in 2022, then sank by 30.36% to -$4.8 million in 2023, then fell by 19.78% to -$5.7 million in 2024, then tumbled by 91.05% to -$10.9 million in 2025.
- Per Business Quant data, the three most recent Change in Intangibles figures were -$10.9 million in Q4 2025, -$9.1 million in Q3 2025, and -$7.9 million in Q2 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Intangibles (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,921.46 Bn | 2,797.02 Bn | 56.06 Bn | - |
| 2 | PagSeguro Digital | 2,686.70 Bn | 2,686.70 Bn | 358.92 Mn | - |
| 3 | Oracle | 344.13 Bn | 312.24 Bn | - | - |
| 4 | Repay Holdings | 342.29 Bn | 342.15 Bn | - | - |
| 5 | Palantir Technologies | 294.57 Bn | 286.54 Bn | 1.42 Bn | - |
| 6 | Palo Alto Networks | 224.46 Bn | 219.93 Bn | 1.91 Bn | - |
| 7 | CrowdStrike Holdings | 182.52 Bn | 179.42 Bn | 993.68 Mn | - |
| 8 | Fortinet | 111.29 Bn | 107.99 Bn | 1.49 Bn | - |
| 9 | Cloudflare | 93.63 Bn | 92.68 Bn | 455.60 Mn | - |
| 10 | dLocal | 4.32 Bn | 3.50 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 | -9.13 Mn |
| Sep 30, 2025 | -9.13 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 |