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![realroseceline Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1304847419163639808.png) Rose Celine Investments 🌹 [@realroseceline](/creator/twitter/realroseceline) on x 7993 followers
Created: 2025-07-25 20:33:46 UTC

Great thread, but I’ll just point out one little nuance on the balance sheet. The “surface numbers” are a bit misleading, because $dlo  includes their merchants funds on their balance sheet. It’s very important to read the foot notes at the bottom of the page to get the “real numbers”. 

For example, in the last quarter they reported cash of about $510m but only about $355m belonged to $dlo

Also what’s really interesting in the last report is $dlo increased cash by apprx $60m despite spending $100m on buys backs. 

Anyway, I am rambling here, but just figured it might be worthwhile to point out this little balance sheet nuance. 

🌹


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**Related Topics**
[$355m](/topic/$355m)
[$510m](/topic/$510m)
[balance sheet](/topic/balance-sheet)
[celine](/topic/celine)
[$dlo](/topic/$dlo)

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