dLocal (DLO) Change in Intangibles (2020 - 2025)
dLocal (DLO) posted quarterly Change in Intangibles of -$10.9 million for Q4 2025, down 91.05% year-over-year from -$121.7 million in Q4 2024, and down 19.27% quarter-over-quarter from -$9.1 million in Q3 2025.
dLocal (DLO) Change in Intangibles (2020 - 2025) Analysis & Trends
dLocal (DLO) has reported Change in Intangibles for 6 consecutive years, with -$10.9 million the latest figure, recorded in 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 -$34.5 million (down 64.76% YoY), while the FY2025 annual figure was -$34.5 million, down 64.76% from the prior year.
- Change in Intangibles eased to -$10.9 million in Q4 2025 per DLO's latest filing, from -$9.1 million in the prior quarter.
- Across five years, Change in Intangibles topped out at -$1.2 million in Q1 2021 and bottomed at -$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.
- Annual changes were most pronounced in 2021 — Change in Intangibles tumbled 307.35% — and 2022, when it surged 94.47%.
- dLocal's 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 dropped by 19.78% to -$5.7 million in 2024, then tumbled by 91.05% to -$10.9 million in 2025.
- Business Quant data shows DLO's Change in Intangibles at -$10.9 million in Q4 2025, -$9.1 million in Q3 2025, and -$7.9 million in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Change in Intangibles (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | - |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | - |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | - |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | - |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | - |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | - |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | - |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | - |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | - |
| 10 | dLocal | 3.92 Bn | 3.05 Bn | 127.15 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 |