Dlocal vs Gitlab
Dlocal and Gitlab are similar in size: $1.09bn and $955m of revenue in their latest fiscal years. Dlocal grew faster (46.6% against 25.8%). Dlocal kept more of each dollar of sales as profit: a net margin of 18.0% against -5.9%.
| Latest fiscal year | DlocalDLO, 2025 | GitlabGTLB, 2026 |
|---|---|---|
| Revenue | $1.09bn | $955m |
| Revenue growth | 46.6% | 25.8% |
| Net income | $197m | −$56.0m |
| Operating margin | 20.1% | -7.4% |
| Net margin | 18.0% | -5.9% |
| Return on equity | 37.2% | -6.3% |
| Free cash flow | $413m | $222m |
| Cash | $720m | $230m |
| Total debt | $86.7m | — |
| Debt to equity | 15.2% | — |
| Dividend per share | — | — |
| Dividend yield | 3.8% | — |
| Share buybacks | — | — |
| Employees | — | 2,580 |
| Market value | $3.98bn | $8.84bn |
| Price vs our value range | Below our value range | — |
| Moat score | — | 48 (Moderate) |
| Insider trades, 12 months | 1 buys, 4 sales | 5 buys, 54 sales |