Dlocal Ltd
NASDAQ:DLO
Income Statement
Earnings Waterfall
Dlocal Ltd
Revenue
|
650.4m
USD
|
Cost of Revenue
|
-373.5m
USD
|
Gross Profit
|
276.9m
USD
|
Operating Expenses
|
-100.3m
USD
|
Operating Income
|
176.5m
USD
|
Other Expenses
|
-27.6m
USD
|
Net Income
|
149m
USD
|
Income Statement
Dlocal Ltd
Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | |||||||||||
Revenue |
168
N/A
|
244
+45%
|
291
+19%
|
334
+14%
|
377
+13%
|
419
+11%
|
469
+12%
|
529
+13%
|
581
+10%
|
650
+12%
|
|
Gross Profit | |||||||||||
Cost of Revenue |
(76)
|
(114)
|
(141)
|
(167)
|
(191)
|
(217)
|
(248)
|
(287)
|
(319)
|
(373)
|
|
Gross Profit |
92
N/A
|
130
+43%
|
151
+16%
|
167
+10%
|
186
+12%
|
202
+9%
|
220
+9%
|
242
+10%
|
262
+9%
|
277
+6%
|
|
Operating Income | |||||||||||
Operating Expenses |
(32)
|
(47)
|
(57)
|
(57)
|
(60)
|
(69)
|
(77)
|
(85)
|
(94)
|
(100)
|
|
Selling, General & Administrative |
(31)
|
(42)
|
(47)
|
(44)
|
(46)
|
(54)
|
(60)
|
(66)
|
(72)
|
(77)
|
|
Research & Development |
(2)
|
(3)
|
(4)
|
(5)
|
(6)
|
(6)
|
(7)
|
(8)
|
(10)
|
(13)
|
|
Depreciation & Amortization |
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(3)
|
(3)
|
(4)
|
(4)
|
(4)
|
|
Other Operating Expenses |
2
|
1
|
(2)
|
(4)
|
(5)
|
(6)
|
(6)
|
(7)
|
(8)
|
(7)
|
|
Operating Income |
59
N/A
|
84
+41%
|
94
+12%
|
110
+17%
|
126
+14%
|
133
+6%
|
144
+8%
|
157
+9%
|
168
+8%
|
177
+5%
|
|
Pre-Tax Income | |||||||||||
Interest Income Expense |
1
|
2
|
1
|
1
|
(2)
|
(1)
|
(4)
|
3
|
7
|
100
|
|
Non-Reccuring Items |
0
|
0
|
0
|
0
|
0
|
(6)
|
(6)
|
(6)
|
(3)
|
3
|
|
Total Other Income |
0
|
(1)
|
(0)
|
(1)
|
(1)
|
(7)
|
(2)
|
(3)
|
(7)
|
(101)
|
|
Pre-Tax Income |
60
N/A
|
86
+43%
|
95
+11%
|
110
+16%
|
123
+11%
|
120
-2%
|
133
+10%
|
151
+14%
|
166
+10%
|
179
+8%
|
|
Net Income | |||||||||||
Tax Provision |
(6)
|
(8)
|
(8)
|
(10)
|
(10)
|
(12)
|
(15)
|
(19)
|
(26)
|
(29)
|
|
Income from Continuing Operations |
54
|
78
|
87
|
100
|
113
|
109
|
118
|
132
|
140
|
149
|
|
Income to Minority Interest |
0
|
0
|
0
|
(0)
|
(0)
|
0
|
(0)
|
0
|
(0)
|
(0)
|
|
Net Income (Common) |
54
N/A
|
78
+43%
|
87
+12%
|
100
+15%
|
113
+13%
|
109
-4%
|
118
+8%
|
132
+12%
|
140
+6%
|
149
+7%
|
|
EPS (Diluted) |
0.18
N/A
|
0.25
+39%
|
0.27
+8%
|
0.31
+15%
|
0.35
+13%
|
0.35
N/A
|
0.37
+6%
|
0.42
+14%
|
0.45
+7%
|
0.49
+9%
|