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Side-by-side financial comparison of dLocal Ltd (DLO) and Pacira BioSciences, Inc. (PCRX). Click either name above to swap in a different company.

dLocal Ltd is the larger business by last-quarter revenue ($337.9M vs $177.4M, roughly 1.9× Pacira BioSciences, Inc.). dLocal Ltd runs the higher net margin — 16.5% vs 1.6%, a 14.8% gap on every dollar of revenue. On growth, dLocal Ltd posted the faster year-over-year revenue change (65.2% vs 5.0%).

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

Pacira BioSciences, Inc. is a specialty pharmaceutical company focused on developing and commercializing non-opioid pain management solutions. Its core product line targets post-surgical pain relief for patients, serving hospitals, ambulatory surgery centers and other healthcare providers primarily in the U.S., with ongoing expansion efforts in select international markets.

DLO vs PCRX — Head-to-Head

Bigger by revenue
DLO
DLO
1.9× larger
DLO
$337.9M
$177.4M
PCRX
Growing faster (revenue YoY)
DLO
DLO
+60.2% gap
DLO
65.2%
5.0%
PCRX
Higher net margin
DLO
DLO
14.8% more per $
DLO
16.5%
1.6%
PCRX

Income Statement — Q4 FY2025 vs Q1 FY2026

Metric
DLO
DLO
PCRX
PCRX
Revenue
$337.9M
$177.4M
Net Profit
$55.6M
$2.9M
Gross Margin
34.3%
Operating Margin
18.6%
3.9%
Net Margin
16.5%
1.6%
Revenue YoY
65.2%
5.0%
Net Profit YoY
87.3%
EPS (diluted)
$0.18
$0.07

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
PCRX
PCRX
Q1 26
$177.4M
Q4 25
$337.9M
$196.9M
Q3 25
$282.5M
$179.5M
Q2 25
$181.1M
Q1 25
$168.9M
Q4 24
$204.5M
$187.3M
Q3 24
$185.8M
$168.6M
Q2 24
$178.0M
Net Profit
DLO
DLO
PCRX
PCRX
Q1 26
$2.9M
Q4 25
$55.6M
Q3 25
$141.3M
$5.4M
Q2 25
$-4.8M
Q1 25
$4.8M
Q4 24
$29.7M
Q3 24
$90.8M
$-143.5M
Q2 24
$18.9M
Gross Margin
DLO
DLO
PCRX
PCRX
Q1 26
Q4 25
34.3%
79.5%
Q3 25
36.5%
80.9%
Q2 25
77.4%
Q1 25
79.7%
Q4 24
40.9%
78.7%
Q3 24
42.1%
76.9%
Q2 24
75.1%
Operating Margin
DLO
DLO
PCRX
PCRX
Q1 26
3.9%
Q4 25
18.6%
1.2%
Q3 25
19.7%
3.5%
Q2 25
4.7%
Q1 25
1.2%
Q4 24
20.7%
13.2%
Q3 24
22.1%
-82.8%
Q2 24
15.9%
Net Margin
DLO
DLO
PCRX
PCRX
Q1 26
1.6%
Q4 25
16.5%
Q3 25
50.0%
3.0%
Q2 25
-2.7%
Q1 25
2.8%
Q4 24
14.5%
Q3 24
48.9%
-85.1%
Q2 24
10.6%
EPS (diluted)
DLO
DLO
PCRX
PCRX
Q1 26
$0.07
Q4 25
$0.18
$0.05
Q3 25
$0.17
$0.12
Q2 25
$-0.11
Q1 25
$0.10
Q4 24
$0.09
$0.38
Q3 24
$0.09
$-3.11
Q2 24
$0.39

Balance Sheet & Financial Strength

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

Metric
DLO
DLO
PCRX
PCRX
Cash + ST InvestmentsLiquidity on hand
$719.9M
$144.3M
Total DebtLower is stronger
$86.7M
Stockholders' EquityBook value
$569.4M
$653.9M
Total Assets
$1.5B
$1.2B
Debt / EquityLower = less leverage
0.15×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DLO
DLO
PCRX
PCRX
Q1 26
$144.3M
Q4 25
$719.9M
$238.4M
Q3 25
$604.5M
$246.3M
Q2 25
$445.9M
Q1 25
$493.6M
Q4 24
$425.2M
$484.6M
Q3 24
$560.5M
$453.8M
Q2 24
$404.2M
Total Debt
DLO
DLO
PCRX
PCRX
Q1 26
Q4 25
$86.7M
$372.2M
Q3 25
$63.1M
$376.7M
Q2 25
$580.5M
Q1 25
$583.4M
Q4 24
$39.8M
$585.3M
Q3 24
Q2 24
Stockholders' Equity
DLO
DLO
PCRX
PCRX
Q1 26
$653.9M
Q4 25
$569.4M
$693.1M
Q3 25
$504.7M
$727.2M
Q2 25
$757.8M
Q1 25
$798.5M
Q4 24
$489.0M
$778.3M
Q3 24
$457.0M
$749.6M
Q2 24
$879.3M
Total Assets
DLO
DLO
PCRX
PCRX
Q1 26
$1.2B
Q4 25
$1.5B
$1.3B
Q3 25
$1.4B
$1.3B
Q2 25
$1.5B
Q1 25
$1.6B
Q4 24
$1.2B
$1.6B
Q3 24
$1.5B
Q2 24
$1.6B
Debt / Equity
DLO
DLO
PCRX
PCRX
Q1 26
Q4 25
0.15×
0.54×
Q3 25
0.12×
0.52×
Q2 25
0.77×
Q1 25
0.73×
Q4 24
0.08×
0.75×
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
DLO
DLO
PCRX
PCRX
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
DLO
DLO
PCRX
PCRX
Q1 26
Q4 25
$100.4M
$43.7M
Q3 25
$315.0M
$60.8M
Q2 25
$12.0M
Q1 25
$35.5M
Q4 24
$-141.1M
$33.1M
Q3 24
$108.3M
$53.9M
Q2 24
$53.2M
Free Cash Flow
DLO
DLO
PCRX
PCRX
Q1 26
Q4 25
$99.8M
$43.5M
Q3 25
$313.4M
$57.0M
Q2 25
$9.3M
Q1 25
$26.9M
Q4 24
$-141.6M
$31.0M
Q3 24
$107.1M
$49.8M
Q2 24
$51.6M
FCF Margin
DLO
DLO
PCRX
PCRX
Q1 26
Q4 25
29.5%
22.1%
Q3 25
110.9%
31.7%
Q2 25
5.1%
Q1 25
15.9%
Q4 24
-69.2%
16.6%
Q3 24
57.6%
29.6%
Q2 24
29.0%
Capex Intensity
DLO
DLO
PCRX
PCRX
Q1 26
Q4 25
0.2%
0.1%
Q3 25
0.6%
2.2%
Q2 25
1.5%
Q1 25
5.1%
Q4 24
0.2%
1.1%
Q3 24
0.7%
2.4%
Q2 24
0.9%
Cash Conversion
DLO
DLO
PCRX
PCRX
Q1 26
Q4 25
1.80×
Q3 25
2.23×
11.20×
Q2 25
Q1 25
7.37×
Q4 24
-4.75×
Q3 24
1.19×
Q2 24
2.82×

Financial Flow Comparison

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

Revenue Breakdown by Segment

DLO
DLO

Segment breakdown not available.

PCRX
PCRX

EXPAREL$143.3M81%
ZILRETTA$26.8M15%
iovera°$6.2M3%
Bupivacaine liposome injectable suspension$1.2M1%

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