dLocal (DLO) Research & Development (2020 - 2026)
dLocal (DLO) posted quarterly Research & Development of -$6.3 million for Q4 2025, down 13.27% year-over-year from -$7.3 million in Q4 2024, and up 22.09% quarter-over-quarter from -$8.1 million in Q3 2025.
dLocal (DLO) Research & Development (2020 - 2026) Analysis & Trends
dLocal (DLO) has reported Research & Development for 6 consecutive years, with -$6.3 million the latest figure, recorded in Q4 2025.
- In Q4 2025, Research & Development fell 13.27% year-over-year to -$6.3 million; the TTM figure through Dec 2025 stood at -$26.5 million (down 22.34% YoY), while the FY2025 annual figure was -$26.5 million, down 22.34% from the prior year.
- Research & Development climbed to -$6.3 million in Q4 2025 per DLO's latest filing, from -$8.1 million in the prior quarter.
- Across five years, Research & Development topped out at -$1.0 million in Q1 2021 and bottomed at -$8.1 million in Q3 2025.
- Historically, Research & Development has averaged -$4.2 million across 5 years, with a median of -$4.5 million in 2023.
- Annual changes were most pronounced in 2022 — Research & Development sank 177.55% — and 2024, when it grew 4.65%.
- dLocal's Research & Development stood at -$2.5 million in 2021, then tumbled by 56.14% to -$3.9 million in 2022, then declined by 21.05% to -$4.7 million in 2023, then dropped by 18.85% to -$5.6 million in 2024, then fell by 13.27% to -$6.3 million in 2025.
- Business Quant data shows DLO's Research & Development at -$6.3 million in Q4 2025, -$8.1 million in Q3 2025, and -$4.8 million in Q2 2025.
Powered by 
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 3,576.39 Bn | 3,443.64 Bn | 60.48 Bn | 10.00 Bn |
| 2 | Palantir Technologies | 412.58 Bn | 403.17 Bn | 1.64 Bn | 339.50 Mn |
| 3 | Oracle | 407.66 Bn | 375.77 Bn | - | 4.01 Bn |
| 4 | Palo Alto Networks | 299.27 Bn | 296.16 Bn | 2.03 Bn | 1.16 Bn |
| 5 | Fortinet | 115.83 Bn | 111.76 Bn | 1.64 Bn | 669.10 Mn |
| 6 | Cloudflare | 106.65 Bn | 102.48 Bn | 499.52 Mn | 276.12 Mn |
| 7 | Synopsys | 76.61 Bn | 74.41 Bn | 1.77 Bn | 396.38 Mn |
| 8 | CoreWeave | 51.53 Bn | 45.99 Bn | 1.70 Bn | 60.00 Mn |
| 9 | Block | 47.55 Bn | 41.12 Bn | 3.17 Bn | 664.96 Mn |
| 10 | dLocal | 3.92 Bn | 3.05 Bn | 127.15 Mn | 13.30 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 13.30 Mn |
| Dec 31, 2025 | -6.34 Mn |
| Sep 30, 2025 | -8.14 Mn |
| Jun 30, 2025 | -4.84 Mn |
| Mar 31, 2025 | -7.14 Mn |
| Dec 31, 2024 | -5.60 Mn |
| Sep 30, 2024 | -6.89 Mn |
| Jun 30, 2024 | -4.51 Mn |
| Mar 31, 2024 | -4.63 Mn |
| Dec 31, 2023 | -4.71 Mn |
| Sep 30, 2023 | -4.45 Mn |
| Jun 30, 2023 | -3.11 Mn |
| Mar 31, 2023 | -4.86 Mn |
| Dec 31, 2022 | -3.89 Mn |
| Sep 30, 2022 | -3.47 Mn |
| Jun 30, 2022 | -3.13 Mn |
| Mar 31, 2022 | -2.84 Mn |
| Dec 31, 2021 | -2.49 Mn |
| Sep 30, 2021 | -1.26 Mn |
| Jun 30, 2021 | -1.13 Mn |