dLocal (DLO) Invested Capital (2019 - 2025)

dLocal (DLO) posted quarterly Invested Capital of $567.7 million for Q4 2025, up 434.76% YoY from $106.2 million in Q4 2024, and little changed sequentially from $567.6 million in Q3 2025.

dLocal (DLO) Invested Capital (2019 - 2025) Analysis & Trends

dLocal has disclosed Invested Capital across 7 years of filings, most recently posting $567.7 million for Q4 2025.

  • In Q4 2025, Invested Capital rose 434.76% year-over-year to $567.7 million; the TTM figure through Dec 2025 stood at $567.7 million (up 434.76% YoY), while the FY2025 annual figure was $567.7 million, up 434.76% from the prior year.
  • Invested Capital steadied at $567.7 million in Q4 2025, from $567.6 million in the prior quarter.
  • Over the last five years, Invested Capital for DLO reached as high as $567.7 million in Q4 2025 and fell as low as -$169.6 million in Q4 2024.
  • The 5-year median for Invested Capital is $430.7 million (2023), against an average of $388.4 million.
  • Annual changes were most pronounced in 2024 — Invested Capital plunged 137.26% — and 2025, when it soared 434.76%.
  • A 5-year view of Invested Capital shows it stood at $285.3 million in 2021, then soared by 45.25% to $414.4 million in 2022, then advanced by 9.83% to $455.1 million in 2023, then sank by 137.26% to -$169.6 million in 2024, then soared by 434.76% to $567.7 million in 2025.
  • According to Business Quant data, Invested Capital over the past three periods registered $567.7 million, $567.6 million, and $460.0 million for Q4 2025, Q3 2025, and Q2 2025 respectively.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Invested Cap. (Qtr)
1 Microsoft 2,853.66 Bn 2,775.39 Bn 56.06 Bn 423.21 Bn
2 Oracle 408.21 Bn 376.86 Bn 17.12 Bn 43.06 Bn
3 Palantir Technologies 300.98 Bn 293.06 Bn 1.42 Bn 8.45 Bn
4 Palo Alto Networks 247.84 Bn 243.30 Bn 1.91 Bn 9.39 Bn
5 CrowdStrike Holdings 193.63 Bn 190.57 Bn 993.68 Mn 4.43 Bn
6 Fortinet 117.45 Bn 114.16 Bn 1.49 Bn 989.70 Mn
7 Cloudflare 86.88 Bn 85.93 Bn 455.60 Mn 2.82 Bn
8 Synopsys 86.18 Bn 86.06 Bn 1.77 Bn 40.59 Bn
9 Block 46.10 Bn 39.21 Bn 2.91 Bn 28.97 Bn
10 dLocal 4.27 Bn 3.55 Bn 115.80 Mn 567.69 Mn

Historic Data

Download Data
DateValue
Dec 31, 2025 567.69 Mn
Mar 31, 2025 20.00 Mn
Dec 31, 2024 -169.58 Mn
Dec 31, 2023 455.14 Mn
Jun 30, 2023 100.00 Mn
Dec 31, 2022 399.62 Mn
Sep 30, 2022 14.78 Mn
Jun 30, 2022 14.66 Mn
Mar 31, 2022 6.08 Mn
Dec 31, 2021 285.30 Mn
Dec 31, 2020 190.81 Mn
Dec 31, 2019 24.53 Mn