cust.co / Compare / Q2 Holdings vs DLocal

Q2 Holdings vs DLocal - NRR head-to-head

Side-by-side Net Revenue Retention comparison sourced from SEC filings and earnings releases. Both compete in Fintech SaaS. Both at Public stage.

DLocal leads by +32pp on latest NRR (145% vs 113%).

NRR over time

102%115%129%142%155% FY2021-Q2FY-2023FY2024-Q4FY2025-Q3FY2025-Q4FY2025-Q1 NRR Q2 Holdings DLocal Q2 Holdings - FY2021-Q2: 113% Q2 Holdings - FY-2022: 110% Q2 Holdings - FY-2023: 108% Q2 Holdings - FY-2024: 109% Q2 Holdings - FY2024-Q4: 109% Q2 Holdings - FY2025-Q2: 109% Q2 Holdings - FY2025-Q3: 109% Q2 Holdings - FY-2025: 113% Q2 Holdings - FY2025-Q4: 113% DLocal - FY-2024: 140% DLocal - FY2024-Q4: 140% DLocal - FY2025-Q3: 149% DLocal - FY2025-Q4: 145% DLocal - FY2025-Q1: 144%

DLocal hit a higher all-time peak (149% in FY2025-Q3).

Stat-by-stat

Metric Q2 Holdings DLocal
Latest NRR 113% 145%
All-time peak NRR 113% 149%
All-time low NRR 108% 140%
QoQ change +0pp -4pp
YoY change +4pp +5pp
3-year change - -
Disclosures tracked 9 5

Customer cohorts

MetricQ2 HoldingsDLocal
Total customers 460 760
Over $100K ARR - -
Over $1M ARR - -
Top-10 concentration - -
Average ACV - -
US revenue mix - -

Commercial structure

MetricQ2 HoldingsDLocal
Total RPO $2.7B -
Current RPO (12mo) - -
Multi-year contracts - -
Avg contract length - -
Subscription rev mix 82% -
New customers added - -

Post-sales motion

MetricQ2 HoldingsDLocal
CS team size - -
Customers per CSM - -
Pricing model subscription hybrid
Renewal cadence multi-year consumption
CSM coverage model account-named account-named
Top customer exec Kirk Coleman -

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