DLocal Limited announced record-high financial and operational metrics for the first quarter ended March 31, 2025. Total Payment Volume (TPV) reached $8 billion, marking a 53% increase year-over-year and a 5% increase quarter-over-quarter. In constant currency, TPV increased 72% year-over-year.
Revenue hit a record high of $217 million, and gross profit also reached an all-time high of $85 million. The company reported an Adjusted EBITDA of $58 million, with the Adjusted EBITDA to Gross Profit ratio standing at 68%, demonstrating efficient scaling of operations. Net profit for the quarter was $46.63 million, more than doubling from a year earlier and surpassing analyst estimates of $36.4 million.
DLocal also reported strong cash flow, with free cash flow to net income conversion at 85%, reinforcing its cash-generating financial model. These results reflect strong execution across DLocal's strategic plan, including effective leveraging of existing merchant relationships, establishing new partnerships, and expanding its license portfolios.
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