dLocal (DLO) Research & Development (2020 - 2026)
dLocal's Research & Development came in at -$13.3 million for Q2 2026, compared with -$7.38 million a year earlier.
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Analysis
dLocal (DLO) Research & Development (2020 - 2026) Analysis & Trends
Over the trailing twelve months to Jun 30, 2026, dLocal reported Research & Development of -$41.98 million; for FY2025, it came in at -$30.71 million.
- Going back by year, Research & Development was -$25.63 million in FY2024, -$12.65 million in FY2023, -$6.35 million in FY2022 and -$3.39 million in FY2021.
- The Q2 2026 figure represents the lowest quarterly Research & Development in data going back to Q2 2020.
- Business Quant data shows DLO's Research & Development at -$12.12 million (Q1 2026), -$7.72 million (Q4 2025) and -$8.84 million (Q3 2025) in the three quarters before Q2 2026.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Coinbase Global | 50.59 Bn | 7.40 Bn | - | 472.85 Mn |
| 2 | PayPal Holdings | 46.79 Bn | 5.01 Bn | - | 849.00 Mn |
| 3 | Block | 44.05 Bn | 15.31 Bn | 3.17 Bn | 608.66 Mn |
| 4 | Iren | 31.74 Bn | 19.34 Bn | 103.89 Mn | - |
| 5 | Corpay | 26.01 Bn | 16.21 Bn | - | - |
| 6 | Fiserv | 24.47 Bn | 21.17 Bn | 2.90 Bn | - |
| 7 | Global Payments | 22.51 Bn | 952.73 Mn | 2.03 Bn | - |
| 8 | Bitmine Immersion Technologies | 15.56 Bn | 12.94 Bn | 40.81 Mn | - |
| 9 | Guidewire Software | 11.90 Bn | 8.47 Bn | 269.68 Mn | 90.59 Mn |
| 10 | dLocal | 4.08 Bn | 769.99 Mn | 127.15 Mn | -13.30 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | -13.30 Mn |
| Mar 31, 2026 | -12.12 Mn |
| 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 |
API Access
dLocal Research & Development API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=research-and-development&ticker=DLO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "research-and-development", "ticker": "DLO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=research-and-development&ticker=DLO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();