dLocal (DLO) Research & Development (2020 - 2025)

dLocal has disclosed Research & Development across 6 years of filings, most recently posting -$7.7 million for Q4 2025.

• In Q4 2025, Research & Development fell 13.09% year-over-year to -$7.7 million; the TTM figure through Dec 2025 stood at -$30.7 million (down 19.83% YoY), while the FY2025 annual figure was -$30.7 million, down 19.83% from the prior year.
• Research & Development advanced to -$7.7 million in Q4 2025, from -$8.8 million in the prior quarter.
• Over the last five years, Research & Development for DLO reached as high as -$520000.0 in Q1 2021 and fell as low as -$8.8 million in Q3 2025.
• The 5-year median for Research & Development is -$3.2 million (2023), against an average of -$3.9 million.
• Annual changes were most pronounced in 2022 — Research & Development slumped 175.67% — and 2025, when it declined 13.09%.
• A 5-year view of Research & Development shows it stood at -$1.2 million in 2021, then slumped by 39.25% to -$1.6 million in 2022, then slumped by 150.4% to -$4.0 million in 2023, then sank by 69.53% to -$6.8 million in 2024, then decreased by 13.09% to -$7.7 million in 2025.
• According to Business Quant data, Research & Development over the past three periods registered -$7.7 million, -$8.8 million, and -$7.4 million for Q4 2025, Q3 2025, and Q2 2025 respectively.