vs

Side-by-side financial comparison of dLocal Ltd (DLO) and SILVERCORP METALS INC (SVM). Click either name above to swap in a different company.

dLocal Ltd is the larger business by last-quarter revenue ($337.9M vs $223.8M, roughly 1.5× SILVERCORP METALS INC). dLocal Ltd runs the higher net margin — 16.5% vs -1.3%, a 17.7% gap on every dollar of revenue.

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

Silvercorp Metals Inc. (Silvercorp) is a Canadian-based, China-focused precious metals company engaged in the acquisition, exploration, and development of silver-containing properties.

DLO vs SVM — Head-to-Head

Bigger by revenue
DLO
DLO
1.5× larger
DLO
$337.9M
$223.8M
SVM
Higher net margin
DLO
DLO
17.7% more per $
DLO
16.5%
-1.3%
SVM

Income Statement — Q4 FY2025 vs Q3 FY2026

Metric
DLO
DLO
SVM
SVM
Revenue
$337.9M
$223.8M
Net Profit
$55.6M
$-2.9M
Gross Margin
34.3%
Operating Margin
18.6%
Net Margin
16.5%
-1.3%
Revenue YoY
65.2%
Net Profit YoY
87.3%
EPS (diluted)
$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
DLO
DLO
SVM
SVM
Q4 25
$337.9M
$223.8M
Q3 25
$282.5M
Q2 25
$72.2M
Q4 24
$204.5M
$172.5M
Q3 24
$185.8M
$114.0M
Q2 24
$60.0M
Q4 23
$174.0M
Q3 23
$115.3M
Net Profit
DLO
DLO
SVM
SVM
Q4 25
$55.6M
$-2.9M
Q3 25
$141.3M
Q2 25
$28.1M
Q4 24
$29.7M
$42.1M
Q3 24
$90.8M
$28.0M
Q2 24
$13.2M
Q4 23
$18.8M
Q3 23
$3.9M
Gross Margin
DLO
DLO
SVM
SVM
Q4 25
34.3%
Q3 25
36.5%
Q2 25
Q4 24
40.9%
Q3 24
42.1%
Q2 24
Q4 23
Q3 23
Operating Margin
DLO
DLO
SVM
SVM
Q4 25
18.6%
Q3 25
19.7%
Q2 25
Q4 24
20.7%
30.5%
Q3 24
22.1%
30.7%
Q2 24
30.0%
Q4 23
16.8%
Q3 23
10.4%
Net Margin
DLO
DLO
SVM
SVM
Q4 25
16.5%
-1.3%
Q3 25
50.0%
Q2 25
39.0%
Q4 24
14.5%
24.4%
Q3 24
48.9%
24.5%
Q2 24
22.0%
Q4 23
10.8%
Q3 23
3.4%
EPS (diluted)
DLO
DLO
SVM
SVM
Q4 25
$0.18
Q3 25
$0.17
Q2 25
Q4 24
$0.09
Q3 24
$0.09
Q2 24
Q4 23
$0.11
Q3 23

Balance Sheet & Financial Strength

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

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

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
DLO
DLO
SVM
SVM
Q4 25
$719.9M
Q3 25
$604.5M
Q2 25
Q4 24
$425.2M
Q3 24
$560.5M
Q2 24
Q4 23
Q3 23
Total Debt
DLO
DLO
SVM
SVM
Q4 25
$86.7M
Q3 25
$63.1M
Q2 25
Q4 24
$39.8M
Q3 24
Q2 24
Q4 23
Q3 23
Stockholders' Equity
DLO
DLO
SVM
SVM
Q4 25
$569.4M
Q3 25
$504.7M
Q2 25
Q4 24
$489.0M
Q3 24
$457.0M
Q2 24
Q4 23
Q3 23
Total Assets
DLO
DLO
SVM
SVM
Q4 25
$1.5B
Q3 25
$1.4B
Q2 25
Q4 24
$1.2B
Q3 24
Q2 24
Q4 23
Q3 23
Debt / Equity
DLO
DLO
SVM
SVM
Q4 25
0.15×
Q3 25
0.12×
Q2 25
Q4 24
0.08×
Q3 24
Q2 24
Q4 23
Q3 23

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
SVM
SVM
Operating Cash FlowLast quarter
$100.4M
$107.9M
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
SVM
SVM
Q4 25
$100.4M
$107.9M
Q3 25
$315.0M
Q2 25
$40.0M
Q4 24
$-141.1M
$81.3M
Q3 24
$108.3M
$57.7M
Q2 24
$28.9M
Q4 23
$79.9M
Q3 23
$54.2M
Free Cash Flow
DLO
DLO
SVM
SVM
Q4 25
$99.8M
Q3 25
$313.4M
Q2 25
Q4 24
$-141.6M
Q3 24
$107.1M
$33.8M
Q2 24
$17.0M
Q4 23
$45.7M
Q3 23
$31.5M
FCF Margin
DLO
DLO
SVM
SVM
Q4 25
29.5%
Q3 25
110.9%
Q2 25
Q4 24
-69.2%
Q3 24
57.6%
29.6%
Q2 24
28.3%
Q4 23
26.2%
Q3 23
27.3%
Capex Intensity
DLO
DLO
SVM
SVM
Q4 25
0.2%
Q3 25
0.6%
Q2 25
Q4 24
0.2%
Q3 24
0.7%
21.0%
Q2 24
19.8%
Q4 23
19.7%
Q3 23
19.7%
Cash Conversion
DLO
DLO
SVM
SVM
Q4 25
1.80×
Q3 25
2.23×
Q2 25
1.42×
Q4 24
-4.75×
1.93×
Q3 24
1.19×
2.06×
Q2 24
2.19×
Q4 23
4.25×
Q3 23
13.97×

Financial Flow Comparison

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

Related Comparisons