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Side-by-side financial comparison of Climb Global Solutions, Inc. (CLMB) and dLocal Ltd (DLO). Click either name above to swap in a different company.

dLocal Ltd is the larger business by last-quarter revenue ($337.9M vs $182.4M, roughly 1.9× Climb Global Solutions, Inc.). dLocal Ltd runs the higher net margin — 16.5% vs 1.8%, a 14.6% gap on every dollar of revenue. On growth, dLocal Ltd posted the faster year-over-year revenue change (65.2% vs 32.1%).

Univar Solutions Inc. is a global chemical and ingredients distributor and provider of value-added services.

dLocal Limited is a Uruguayan financial technology company. It provides cross-border payments connecting global merchants to emerging markets.

CLMB vs DLO — Head-to-Head

Bigger by revenue
DLO
DLO
1.9× larger
DLO
$337.9M
$182.4M
CLMB
Growing faster (revenue YoY)
DLO
DLO
+33.1% gap
DLO
65.2%
32.1%
CLMB
Higher net margin
DLO
DLO
14.6% more per $
DLO
16.5%
1.8%
CLMB

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
CLMB
CLMB
DLO
DLO
Revenue
$182.4M
$337.9M
Net Profit
$3.3M
$55.6M
Gross Margin
14.5%
34.3%
Operating Margin
2.1%
18.6%
Net Margin
1.8%
16.5%
Revenue YoY
32.1%
65.2%
Net Profit YoY
-9.5%
87.3%
EPS (diluted)
$0.18
$0.18

Green = leading value per metric. Periods may differ when fiscal calendars don't align.

8-Quarter Revenue & Profit Trend

Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.

Revenue
CLMB
CLMB
DLO
DLO
Q1 26
$182.4M
Q4 25
$193.8M
$337.9M
Q3 25
$161.3M
$282.5M
Q2 25
$159.3M
Q1 25
$138.0M
Q4 24
$161.8M
$204.5M
Q3 24
$119.3M
$185.8M
Q2 24
$92.1M
Net Profit
CLMB
CLMB
DLO
DLO
Q1 26
$3.3M
Q4 25
$7.0M
$55.6M
Q3 25
$4.7M
$141.3M
Q2 25
$6.0M
Q1 25
$3.7M
Q4 24
$7.0M
$29.7M
Q3 24
$5.5M
$90.8M
Q2 24
$3.4M
Gross Margin
CLMB
CLMB
DLO
DLO
Q1 26
14.5%
Q4 25
15.4%
34.3%
Q3 25
15.9%
36.5%
Q2 25
16.5%
Q1 25
16.9%
Q4 24
19.3%
40.9%
Q3 24
20.3%
42.1%
Q2 24
20.2%
Operating Margin
CLMB
CLMB
DLO
DLO
Q1 26
2.1%
Q4 25
4.9%
18.6%
Q3 25
4.3%
19.7%
Q2 25
5.0%
Q1 25
3.5%
Q4 24
7.2%
20.7%
Q3 24
7.1%
22.1%
Q2 24
4.6%
Net Margin
CLMB
CLMB
DLO
DLO
Q1 26
1.8%
Q4 25
3.6%
16.5%
Q3 25
2.9%
50.0%
Q2 25
3.7%
Q1 25
2.7%
Q4 24
4.3%
14.5%
Q3 24
4.6%
48.9%
Q2 24
3.7%
EPS (diluted)
CLMB
CLMB
DLO
DLO
Q1 26
$0.18
Q4 25
$1.51
$0.18
Q3 25
$1.02
$0.17
Q2 25
$1.30
Q1 25
$0.81
Q4 24
$1.52
$0.09
Q3 24
$1.19
$0.09
Q2 24
$0.75

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
CLMB
CLMB
DLO
DLO
Cash + ST InvestmentsLiquidity on hand
$41.8M
$719.9M
Total DebtLower is stronger
$86.7M
Stockholders' EquityBook value
$118.4M
$569.4M
Total Assets
$458.8M
$1.5B
Debt / EquityLower = less leverage
0.15×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
CLMB
CLMB
DLO
DLO
Q1 26
$41.8M
Q4 25
$36.6M
$719.9M
Q3 25
$49.8M
$604.5M
Q2 25
$28.6M
Q1 25
$32.5M
Q4 24
$29.8M
$425.2M
Q3 24
$22.1M
$560.5M
Q2 24
$48.4M
Total Debt
CLMB
CLMB
DLO
DLO
Q1 26
Q4 25
$86.7M
Q3 25
$63.1M
Q2 25
Q1 25
Q4 24
$39.8M
Q3 24
Q2 24
Stockholders' Equity
CLMB
CLMB
DLO
DLO
Q1 26
$118.4M
Q4 25
$116.6M
$569.4M
Q3 25
$109.3M
$504.7M
Q2 25
$105.2M
Q1 25
$95.6M
Q4 24
$90.6M
$489.0M
Q3 24
$87.7M
$457.0M
Q2 24
$79.8M
Total Assets
CLMB
CLMB
DLO
DLO
Q1 26
$458.8M
Q4 25
$460.2M
$1.5B
Q3 25
$376.1M
$1.4B
Q2 25
$420.7M
Q1 25
$370.1M
Q4 24
$469.2M
$1.2B
Q3 24
$371.9M
Q2 24
$302.8M
Debt / Equity
CLMB
CLMB
DLO
DLO
Q1 26
Q4 25
0.15×
Q3 25
0.12×
Q2 25
Q1 25
Q4 24
0.08×
Q3 24
Q2 24

Cash Flow & Capital Efficiency

How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.

Metric
CLMB
CLMB
DLO
DLO
Operating Cash FlowLast quarter
$100.4M
Free Cash FlowOCF − Capex
$99.8M
FCF MarginFCF / Revenue
29.5%
Capex IntensityCapex / Revenue
0.2%
Cash ConversionOCF / Net Profit
1.80×
TTM Free Cash FlowTrailing 4 quarters
$378.7M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
CLMB
CLMB
DLO
DLO
Q1 26
Q4 25
$-11.9M
$100.4M
Q3 25
$22.2M
$315.0M
Q2 25
$-2.2M
Q1 25
$8.5M
Q4 24
$16.0M
$-141.1M
Q3 24
$-3.6M
$108.3M
Q2 24
$7.3M
Free Cash Flow
CLMB
CLMB
DLO
DLO
Q1 26
Q4 25
$99.8M
Q3 25
$313.4M
Q2 25
Q1 25
Q4 24
$-141.6M
Q3 24
$107.1M
Q2 24
FCF Margin
CLMB
CLMB
DLO
DLO
Q1 26
Q4 25
29.5%
Q3 25
110.9%
Q2 25
Q1 25
Q4 24
-69.2%
Q3 24
57.6%
Q2 24
Capex Intensity
CLMB
CLMB
DLO
DLO
Q1 26
Q4 25
0.2%
Q3 25
0.6%
Q2 25
Q1 25
Q4 24
0.2%
Q3 24
0.7%
Q2 24
Cash Conversion
CLMB
CLMB
DLO
DLO
Q1 26
Q4 25
-1.70×
1.80×
Q3 25
4.73×
2.23×
Q2 25
-0.37×
Q1 25
2.30×
Q4 24
2.29×
-4.75×
Q3 24
-0.66×
1.19×
Q2 24
2.13×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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