dLocal (DLO) Cost of Revenue (2020 - 2025)

dLocal (DLO) has 6 years of Cost of Revenue data on file, last reported at $222.1 million in Q4 2025.

• On a quarterly basis, Cost of Revenue rose 83.87% year-over-year to $222.1 million in Q4 2025; TTM through Dec 2025 was $690.8 million, a 53.08% increase from a year earlier, with the FY2025 full-year figure at $690.8 million, up 53.08% from the prior year.
• Cost of Revenue for Q4 2025 stood at $222.1 million, up from $179.3 million in the prior quarter.
• Over the last five years, Cost of Revenue for DLO reached as high as $222.1 million in Q4 2025 and fell as low as $17.0 million in Q1 2021.
• Historically, Cost of Revenue has averaged $92.3 million across 5 years, with a median of $89.9 million in 2023.
• Across the five-year window, Cost of Revenue soared 175.93% in 2021 and increased 2.11% in 2024, its largest moves.
• Year by year, Cost of Revenue stood at $37.3 million in 2021, then jumped by 69.7% to $63.3 million in 2022, then soared by 86.79% to $118.3 million in 2023, then climbed by 2.11% to $120.8 million in 2024, then soared by 83.87% to $222.1 million in 2025.
• Per Business Quant data, the three most recent Cost of Revenue figures were $222.1 million in Q4 2025, $179.3 million in Q3 2025, and $157.6 million in Q2 2025.