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
DateValue
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