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Side-by-side financial comparison of dLocal Ltd (DLO) and Kosmos Energy Ltd. (KOS). Click either name above to swap in a different company.

dLocal Ltd is the larger business by last-quarter revenue ($337.9M vs $294.6M, roughly 1.1× Kosmos Energy Ltd.). On growth, dLocal Ltd posted the faster year-over-year revenue change (65.2% vs -25.9%).

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

Kosmos Energy is an American upstream oil company founded and based in Dallas, Texas. While previously incorporated in Bermuda, Kosmos has reincorporated in Delaware. The company holds production and development operations offshore Ghana, Equatorial Guinea, and Gulf of Mexico, while holding a development project offshore Mauritania and Senegal, and exploration licenses offshore Namibia, São Tomé and Príncipe and Suriname. It was previously involved in exploration offshore Morocco and Western ...

DLO vs KOS — Head-to-Head

Bigger by revenue
DLO
DLO
1.1× larger
DLO
$337.9M
$294.6M
KOS
Growing faster (revenue YoY)
DLO
DLO
+91.1% gap
DLO
65.2%
-25.9%
KOS

Income Statement — Q4 FY2025 vs Q4 FY2025

Metric
DLO
DLO
KOS
KOS
Revenue
$337.9M
$294.6M
Net Profit
$55.6M
Gross Margin
34.3%
Operating Margin
18.6%
-125.7%
Net Margin
16.5%
Revenue YoY
65.2%
-25.9%
Net Profit YoY
87.3%
EPS (diluted)
$0.18
$-0.80

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
DLO
DLO
KOS
KOS
Q4 25
$337.9M
$294.6M
Q3 25
$282.5M
$311.0M
Q2 25
$392.6M
Q1 25
$290.1M
Q4 24
$204.5M
$397.6M
Q3 24
$185.8M
$407.8M
Q2 24
$447.8M
Q1 24
$422.3M
Net Profit
DLO
DLO
KOS
KOS
Q4 25
$55.6M
Q3 25
$141.3M
$-124.3M
Q2 25
$-87.7M
Q1 25
$-110.6M
Q4 24
$29.7M
Q3 24
$90.8M
$45.0M
Q2 24
$59.8M
Q1 24
$91.7M
Gross Margin
DLO
DLO
KOS
KOS
Q4 25
34.3%
Q3 25
36.5%
Q2 25
Q1 25
Q4 24
40.9%
Q3 24
42.1%
Q2 24
Q1 24
Operating Margin
DLO
DLO
KOS
KOS
Q4 25
18.6%
-125.7%
Q3 25
19.7%
-34.2%
Q2 25
-16.2%
Q1 25
-32.4%
Q4 24
20.7%
-8.5%
Q3 24
22.1%
26.1%
Q2 24
30.2%
Q1 24
33.6%
Net Margin
DLO
DLO
KOS
KOS
Q4 25
16.5%
Q3 25
50.0%
-40.0%
Q2 25
-22.3%
Q1 25
-38.1%
Q4 24
14.5%
Q3 24
48.9%
11.0%
Q2 24
13.3%
Q1 24
21.7%
EPS (diluted)
DLO
DLO
KOS
KOS
Q4 25
$0.18
$-0.80
Q3 25
$0.17
$-0.26
Q2 25
$-0.18
Q1 25
$-0.23
Q4 24
$0.09
$0.00
Q3 24
$0.09
$0.09
Q2 24
$0.12
Q1 24
$0.19

Balance Sheet & Financial Strength

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

Metric
DLO
DLO
KOS
KOS
Cash + ST InvestmentsLiquidity on hand
$719.9M
$91.5M
Total DebtLower is stronger
$86.7M
$3.1B
Stockholders' EquityBook value
$569.4M
$528.6M
Total Assets
$1.5B
$4.7B
Debt / EquityLower = less leverage
0.15×
5.78×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DLO
DLO
KOS
KOS
Q4 25
$719.9M
$91.5M
Q3 25
$604.5M
$64.0M
Q2 25
$51.7M
Q1 25
$49.8M
Q4 24
$425.2M
$85.0M
Q3 24
$560.5M
$51.6M
Q2 24
$173.8M
Q1 24
$254.3M
Total Debt
DLO
DLO
KOS
KOS
Q4 25
$86.7M
$3.1B
Q3 25
$63.1M
$3.0B
Q2 25
$2.9B
Q1 25
Q4 24
$39.8M
$2.7B
Q3 24
Q2 24
Q1 24
Stockholders' Equity
DLO
DLO
KOS
KOS
Q4 25
$569.4M
$528.6M
Q3 25
$504.7M
$898.8M
Q2 25
$1.0B
Q1 25
$1.1B
Q4 24
$489.0M
$1.2B
Q3 24
$457.0M
$1.2B
Q2 24
$1.1B
Q1 24
$1.1B
Total Assets
DLO
DLO
KOS
KOS
Q4 25
$1.5B
$4.7B
Q3 25
$1.4B
$5.1B
Q2 25
$5.2B
Q1 25
$5.3B
Q4 24
$1.2B
$5.3B
Q3 24
$5.5B
Q2 24
$5.4B
Q1 24
$5.4B
Debt / Equity
DLO
DLO
KOS
KOS
Q4 25
0.15×
5.78×
Q3 25
0.12×
3.31×
Q2 25
2.80×
Q1 25
Q4 24
0.08×
2.29×
Q3 24
Q2 24
Q1 24

Cash Flow & Capital Efficiency

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

Metric
DLO
DLO
KOS
KOS
Operating Cash FlowLast quarter
$100.4M
$35.3M
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
DLO
DLO
KOS
KOS
Q4 25
$100.4M
$35.3M
Q3 25
$315.0M
$-27.6M
Q2 25
$127.2M
Q1 25
$-888.0K
Q4 24
$-141.1M
$175.7M
Q3 24
$108.3M
$6.3M
Q2 24
$223.7M
Q1 24
$272.6M
Free Cash Flow
DLO
DLO
KOS
KOS
Q4 25
$99.8M
Q3 25
$313.4M
Q2 25
Q1 25
Q4 24
$-141.6M
Q3 24
$107.1M
Q2 24
Q1 24
FCF Margin
DLO
DLO
KOS
KOS
Q4 25
29.5%
Q3 25
110.9%
Q2 25
Q1 25
Q4 24
-69.2%
Q3 24
57.6%
Q2 24
Q1 24
Capex Intensity
DLO
DLO
KOS
KOS
Q4 25
0.2%
Q3 25
0.6%
Q2 25
Q1 25
Q4 24
0.2%
Q3 24
0.7%
Q2 24
Q1 24
Cash Conversion
DLO
DLO
KOS
KOS
Q4 25
1.80×
Q3 25
2.23×
Q2 25
Q1 25
Q4 24
-4.75×
Q3 24
1.19×
0.14×
Q2 24
3.74×
Q1 24
2.97×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DLO
DLO

Segment breakdown not available.

KOS
KOS

Ghana Segment$134.6M46%
Gulf Of America$80.7M27%
Mauritania And Senegal$54.9M19%
Equatorial Guinea Segment$24.3M8%

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