Dlocal Ltd (DLO) - Net Assets
Based on the latest financial reports, Dlocal Ltd (DLO) has net assets worth $569.43 Million USD as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets ($1.54 Billion) and total liabilities ($971.53 Million). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Dlocal Ltd tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | $569.43 Million |
| % of Total Assets | 36.95% |
| Annual Growth Rate | 68.88% |
| 5-Year Change | 103.15% |
| 10-Year Change | N/A |
| Growth Volatility | 184.19 |
Dlocal Ltd - Net Assets Trend (2019–2025)
This chart illustrates how Dlocal Ltd's net assets have evolved over time, based on quarterly financial data. See DLO cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Dlocal Ltd (2019–2025)
The table below shows the annual net assets of Dlocal Ltd from 2019 to 2025. For live valuation and market cap data, see market value of Dlocal Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | $569.43 Million | +16.45% |
| 2024-12-31 | $488.99 Million | +7.44% |
| 2023-12-31 | $455.14 Million | +13.89% |
| 2022-12-31 | $399.62 Million | +42.57% |
| 2021-12-31 | $280.30 Million | +522.23% |
| 2020-12-31 | $45.05 Million | +83.65% |
| 2019-12-31 | $24.53 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Dlocal Ltd's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 2797.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | $534.82 Million | 93.95% |
| Common Stock | $590.00K | 0.10% |
| Other Comprehensive Income | $26.76 Million | 4.70% |
| Other Components | $7.10 Million | 1.25% |
| Total Equity | $569.26 Million | 100.00% |
Dlocal Ltd Competitors by Market Cap
The table below lists competitors of Dlocal Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
F&F Co Ltd
KO:383220
|
$2.11 Billion |
|
Jilin OLED Material Tech Co Ltd
SHG:688378
|
$2.12 Billion |
|
Deepak Fertilizers and Petrochemicals Corporation Limited
NSE:DEEPAKFERT
|
$2.12 Billion |
|
Shenzhen Overseas Chinese Town Co Ltd
SHE:000069
|
$2.12 Billion |
|
Soulbrain Co. Ltd
KQ:357780
|
$2.11 Billion |
|
Tonghua Dongbao Pharmaceutical Co Ltd
SHG:600867
|
$2.11 Billion |
|
Nayax Ltd
NASDAQ:NYAX
|
$2.11 Billion |
|
Oesterr. Post AG
VI:POST
|
$2.11 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Dlocal Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 488,887,000 to 569,261,000, a change of 80,374,000 (16.4%).
- Net income of 196,801,000 contributed positively to equity growth.
- Dividend payments of 149,982,000 reduced retained earnings.
- Share repurchases of 4,371,000 reduced equity.
- Other comprehensive income increased equity by 14,252,000.
- Other factors increased equity by 23,674,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | $196.80 Million | +34.57% |
| Dividends Paid | $149.98 Million | -26.35% |
| Share Repurchases | $4.37 Million | -0.77% |
| Other Comprehensive Income | $14.25 Million | +2.5% |
| Other Changes | $23.67 Million | +4.16% |
| Total Change | $- | 16.44% |
Book Value vs Market Value Analysis
This analysis compares Dlocal Ltd's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 6.60x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 153.17x to 6.60x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | $0.08 | $12.74 | x |
| 2020-12-31 | $0.15 | $12.74 | x |
| 2021-12-31 | $0.95 | $12.74 | x |
| 2022-12-31 | $1.35 | $12.74 | x |
| 2023-12-31 | $1.50 | $12.74 | x |
| 2024-12-31 | $1.60 | $12.74 | x |
| 2025-12-31 | $1.93 | $12.74 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Dlocal Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 34.57%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 18.00%
- • Asset Turnover: 0.71x
- • Equity Multiplier: 2.71x
- Recent ROE (34.57%) is below the historical average (39.07%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 64.04% | 28.22% | 0.69x | 3.27x | $13.17 Million |
| 2020 | 62.56% | 27.06% | 0.52x | 4.45x | $23.68 Million |
| 2021 | 27.78% | 31.90% | 0.42x | 2.08x | $49.84 Million |
| 2022 | 27.20% | 25.94% | 0.51x | 2.07x | $68.72 Million |
| 2023 | 32.74% | 22.91% | 0.60x | 2.38x | $103.46 Million |
| 2024 | 24.63% | 16.14% | 0.64x | 2.40x | $71.53 Million |
| 2025 | 34.57% | 18.00% | 0.71x | 2.71x | $139.87 Million |
Industry Comparison
This section compares Dlocal Ltd's net assets metrics with peer companies in the Software - Infrastructure industry.
Industry Context
- Industry: Software - Infrastructure
- Average net assets among peers: $175,548,949
- Average return on equity (ROE) among peers: -12.54%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Dlocal Ltd (DLO) | $569.43 Million | 64.04% | 1.71x | $2.11 Billion |
| ACI Worldwide Inc (ACIW) | $581.40 Million | 11.62% | 2.18x | $4.54 Billion |
| Aeva Technologies, Inc. Common Stock (AEVA) | $99.35 Million | -153.25% | 0.48x | $855.27 Million |
| Aeva Technologies, Inc. Common Stock (AEVA) | $30.16 Million | -37.03% | 0.03x | $906.22 Million |
| Allied Gaming & Entertainment Inc. (AGAE) | $87.90 Million | -12.31% | 0.11x | $22.76 Million |
| Axe Compute Inc. (AGPU) | $2.69 Million | -223.00% | 0.35x | $31.41 Million |
| C3 Ai Inc (AI) | $838.30 Million | -34.44% | 0.22x | $1.41 Billion |
| All In FutureTech Alliance Inc. (AIFA) | $24.02 Million | -127.45% | 1.73x | $13.66 Million |
| AI Financial Corporation (AIFC) | $2.31 Million | 476.46% | 19.27x | $88.43 Million |
| iLearningEngines, Inc. (AILE) | $22.26 Million | -19.80% | 1.11x | $59.29 Million |
| PowerFleet, Inc. (AIOT) | $67.08 Million | -6.22% | 0.04x | $457.44 Million |
About Dlocal Ltd
DLocal Limited, together with its subsidiaries, provides payment processing services worldwide. The company offers a robust pay-in solution to help global merchants expand their online presence and receive payments, including international and local cards, online bank transfers, direct debit, cash, and hundreds of alternative payment methods (APMs). It also provides pay-in solutions for cross-bor… Read more