DLocal Limited (DLO) Stock Falls on Q1 2026 Earnings

DLocal Limited (DLO) reported first-quarter 2026 results with revenue up 54.95% year-over-year to $335.9 million, narrowly missing the street revenue estimate of $336.4 million.

Revenue: $335.9 million (+54.95% YoY; estimate $336.4 million)

Gross profit: $118.7 million (+39.83% YoY)

Operating profit: $52.8 million (+15.11% YoY)

Net income attributable to common shareholders: $42.0 million (-9.98% YoY)

Diluted EPS: 0.14 (estimate 0.1648; -6.67% YoY)

Cost of sales increased 64.68% to $217.2 million, outpacing revenue growth and compressing margins: gross margin was about 35.4% and operating margin about 15.7% for the quarter.

Cash from operating activities: $92.8 million (-53.15% YoY)

Capital expenditures (purchases of property, plant and equipment): $0.5 million (-44.76% YoY)

Cash and cash equivalents: $815.6 million (+59.45% YoY)

Total liabilities: $1.27 billion (+82.7% YoY)

Diluted EPS came in below the estimate and net income declined year-over-year; the stock moved lower after the release, down 6.87% since market close.

Takeaway: strong top-line growth paired with margin pressure as cost of sales rose faster than revenue.

Takeaway: a healthier cash balance on the balance sheet contrasts with a significant drop in operating cash flow.

Takeaway: the sizable increase in liabilities is a notable point to monitor going forward.

Note: This financials data is sourced from a third-party provider and has not been independently verified by Quiver.

DLocal Limited Hedge Fund Activity

We have seen 75 institutional investors add shares of DLocal Limited stock to their portfolio, and 90 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

ATMOS CAPITAL GESTAO DE RECURSOS LTDA. added 3,827,996 shares (+inf%) to their portfolio in Q4 2025, for an estimated $54,127,863
AZORA CAPITAL LP added 1,547,965 shares (+inf%) to their portfolio in Q4 2025, for an estimated $21,888,225
JAIN GLOBAL LLC added 1,491,172 shares (+inf%) to their portfolio in Q4 2025, for an estimated $21,085,172
CITADEL ADVISORS LLC removed 1,397,857 shares (-77.6%) from their portfolio in Q4 2025, for an estimated $19,765,697
HSBC HOLDINGS PLC added 1,390,683 shares (+inf%) to their portfolio in Q1 2026, for an estimated $18,037,158
MILLENNIUM MANAGEMENT LLC removed 1,254,262 shares (-95.0%) from their portfolio in Q4 2025, for an estimated $17,735,264
BANK OF AMERICA CORP /DE/ removed 1,137,410 shares (-21.9%) from their portfolio in Q4 2025, for an estimated $16,082,977

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

DLocal Limited Analyst Ratings

Wall Street analysts have issued reports on $DLO in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Itau BBA issued a "Outperform" rating on 12/17/2025

To track analyst ratings and price targets for DLocal Limited, check out Quiver Quantitative's $DLO forecast page.

DLocal Limited Price Targets

Multiple analysts have issued price targets for $DLO recently. We have seen 3 analysts offer price targets for $DLO in the last 6 months, with a median target of $18.0.

Here are some recent targets:

Matthew Coad from Truist Securities set a target price of $15.0 on 03/17/2026
Guilherme Grespan from JP Morgan set a target price of $18.0 on 02/02/2026
William Barranjard from Itau BBA set a target price of $21.0 on 12/17/2025