dLocal (DLO) Research & Development (2020 - 2025)
dLocal (DLO) reported Research & Development of -$7.7 million for Q4 2025, down 13.09% year-over-year from -$8.9 million in Q4 2024, and up 12.77% quarter-over-quarter from -$8.8 million in Q3 2025.
dLocal (DLO) Research & Development (2020 - 2025) Analysis & Trends
dLocal (DLO) has 6 years of Research & Development data on file, last reported at -$7.7 million in Q4 2025.
- Research & Development for Q4 2025 came in at -$7.7 million, down 13.09% year-over-year; the trailing twelve-month figure through Dec 2025 was -$30.7 million (down 19.83% YoY), and the FY2025 annual result was -$30.7 million, down 19.83% from the prior year.
- Research & Development rose to -$7.7 million in Q4 2025 per DLO's latest filing, from -$8.8 million in the prior quarter.
- Over five years, Research & Development peaked at -$520000.0 in Q1 2021 and troughed at -$8.8 million in Q3 2025.
- A 5-year average of -$3.9 million and a median of -$3.2 million in 2023 frame the typical range for Research & Development.
- The sharpest annual moves came in 2022 and 2025: Research & Development plunged 175.67% in 2022, then declined 13.09% in 2025.
- A 5-year view of Research & Development shows it stood at -$1.2 million in 2021, then plunged by 39.25% to -$1.6 million in 2022, then plunged by 150.4% to -$4.0 million in 2023, then tumbled by 69.53% to -$6.8 million in 2024, then decreased by 13.09% to -$7.7 million in 2025.
- Business Quant data shows DLO's Research & Development at -$7.7 million in Q4 2025, -$8.8 million in Q3 2025, and -$7.4 million in Q2 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Microsoft | 2,998.30 Bn | 2,920.03 Bn | 56.06 Bn | 8.92 Bn |
| 2 | Alarum Technologies | 1,040.72 Bn | 1,026.57 Bn | 7.23 Mn | 2.30 Mn |
| 3 | Oracle | 590.32 Bn | 551.74 Bn | 15.14 Bn | 2.61 Bn |
| 4 | Palantir Technologies | 316.31 Bn | 308.39 Bn | 1.42 Bn | 160.98 Mn |
| 5 | Palo Alto Networks | 181.17 Bn | 176.63 Bn | 1.91 Bn | 511.00 Mn |
| 6 | CrowdStrike Holdings | 161.69 Bn | 158.63 Bn | 993.68 Mn | 356.41 Mn |
| 7 | Fortinet | 102.35 Bn | 99.06 Bn | 1.49 Bn | 214.00 Mn |
| 8 | Synopsys | 88.25 Bn | 88.13 Bn | 1.77 Bn | 714.99 Mn |
| 9 | Cloudflare | 83.26 Bn | 82.32 Bn | 455.60 Mn | 150.97 Mn |
| 10 | dLocal | 3.47 Bn | 2.75 Bn | 115.80 Mn | -7.72 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2025 | -7.72 Mn |
| Sep 30, 2025 | -8.84 Mn |
| Jun 30, 2025 | -7.38 Mn |
| Mar 31, 2025 | -6.77 Mn |
| Dec 31, 2024 | -6.82 Mn |
| Sep 30, 2024 | -6.93 Mn |
| Jun 30, 2024 | -6.41 Mn |
| Mar 31, 2024 | -5.47 Mn |
| Dec 31, 2023 | -4.02 Mn |
| Sep 30, 2023 | -3.70 Mn |
| Jun 30, 2023 | -2.64 Mn |
| Mar 31, 2023 | -2.29 Mn |
| Dec 31, 2022 | -1.61 Mn |
| Sep 30, 2022 | -1.69 Mn |
| Jun 30, 2022 | -1.64 Mn |
| Mar 31, 2022 | -1.41 Mn |
| Dec 31, 2021 | -1.15 Mn |
| Sep 30, 2021 | -1.12 Mn |
| Jun 30, 2021 | -596,000.00 |
| Mar 31, 2021 | -520,000.00 |