DLO · DLocal
AI read · Good for DLO
The AI's read
DLocal crushed Q2: TPV $17.7B, up 92% YoY, NRR 153%, gross profit +29% to $127M. Management raised H2 TPV guidance to 60-70% and gross profit growth to 25-30%. Stock is up ~2.4% on the print and RSI is 41.35, so the move so far is modest and not stretched. The guidance bump looks fresh and the price hasn't run 20-30% on the story. We lean bullish. Fast top-line growth, higher guidance and promised AI-driven operating leverage create asymmetry, but execution risk and FX/tax noise matter.