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.

• Cost of Revenue for Q4 2025 came in at $222.1 million, up 83.87% year-over-year; the trailing twelve-month figure through Dec 2025 was $690.8 million (up 53.08% YoY), and the FY2025 annual result was $690.8 million, up 53.08% from the prior year.
• Cost of Revenue climbed to $222.1 million in Q4 2025 per DLO's latest filing, from $179.3 million in the prior quarter.
• Over five years, Cost of Revenue peaked at $222.1 million in Q4 2025 and troughed at $17.0 million in Q1 2021.
• A 5-year average of $92.3 million and a median of $89.9 million in 2023 frame the typical range for Cost of Revenue.
• The sharpest annual moves came in 2021 and 2024: Cost of Revenue surged 175.93% in 2021, then gained 2.11% in 2024.
• A 5-year view of Cost of Revenue shows it 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 rose by 2.11% to $120.8 million in 2024, then soared by 83.87% to $222.1 million in 2025.
• Business Quant data shows DLO's Cost of Revenue at $222.1 million in Q4 2025, $179.3 million in Q3 2025, and $157.6 million in Q2 2025.