dLocal (DLO) Operating Expenses (2020 - 2025)

dLocal has disclosed Operating Expenses across 6 years of filings, most recently posting -$46.9 million for Q4 2025.

• In Q4 2025, Operating Expenses fell 38.03% year-over-year to -$46.9 million; the TTM figure through Dec 2025 stood at -$149.5 million (down 17.84% YoY), while the FY2025 annual figure was -$149.5 million, down 17.84% from the prior year.
• Operating Expenses eased to -$46.9 million in Q4 2025, from -$37.1 million in the prior quarter.
• Over the last five years, Operating Expenses for DLO reached as high as -$6.3 million in Q1 2021 and fell as low as -$46.9 million in Q4 2025.
• The 5-year median for Operating Expenses is -$20.5 million (2023), against an average of -$22.9 million.
• Annual changes were most pronounced in 2021 — Operating Expenses slumped 302.21% — and 2022, when it increased 23.45%.
• A 5-year view of Operating Expenses shows it stood at -$11.7 million in 2021, then tumbled by 63.21% to -$19.1 million in 2022, then retreated by 29.29% to -$24.7 million in 2023, then slumped by 37.87% to -$34.0 million in 2024, then plunged by 38.03% to -$46.9 million in 2025.
• According to Business Quant data, Operating Expenses over the past three periods registered -$46.9 million, -$37.1 million, and -$34.4 million for Q4 2025, Q3 2025, and Q2 2025 respectively.