Klarna Group plc

KLAR

Klarna Group plc

Quarterly revenue, EPS, free cash flow, valuation, and Rule of 40 scores for Klarna Group plc.

R40: 1 · 2026 Q2 $5.38B
$14.20
News

Coverage

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Open KLAR Rule of 40 details
Median 40.0 Above 40 0–40 Below 0
95
Q1
n/m
Q2
79
Q3
n/m
2025 Q4
-50
Q1
1
2026 Q2 40 0 Mix
ANALYST RATINGS
Buy $20
Consensus as of Aug 29, 2026
KLAR
Wolfe Research Peer Perform
Downgrades
2026-08-25
BMO Capital Hold $15
Maintains
2026-08-24
UBS Hold $16
Maintains
2026-08-22
Keefe, Bruyette & Woods Outperform $21
Maintains
2026-08-21
Morgan Stanley Hold $17
Maintains
2026-08-20

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Forward model

Where the revenue goes next

KLAR FORWARD MODEL $4.45 -69%
Earnings coverage

Latest earnings

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Background

Company History

Exchange
NYSE
IPO Date
Sep 10, 2025
Shares Outstanding
378.9M
2005
Founded in Stockholm

Launched in Sweden to let consumers pay only after goods arrived, an answer to distrust in early online commerce.

2010
Pay in Full and the German market

Added its immediate-payment product and expanded beyond the Nordics into Germany and the Netherlands.

2017
Full EEA banking licence

Approved as a bank by the Swedish Financial Supervisory Authority, which let Klarna fund lending from consumer deposits instead of wholesale markets.

2019
US expansion begins

Started a deliberate push into the United States and began scaling advertising and merchant marketing alongside payments, ending 14 straight profitable years.

2024
Redomicile to the United Kingdom

A May 2024 share-for-share exchange moved the parent from Sweden to the UK, making Klarna Group plc the ultimate holding company.

2025
NYSE listing at $40

Sold 34.3 million ordinary shares on 10 September 2025 at $40.00 apiece, of which 5 million were newly issued by the company.

2026
Profitable quarters, unprofitable stock

Returned to net profit in Q1 and Q2 2026 while the shares fell roughly two thirds below the IPO price on guidance implying a sequential revenue decline.

Leadership

Key Players

Sebastian Siemiatkowski
Co-Founder, CEO & Director
Sebastian Siemiatkowski
Co-founded Klarna in Stockholm in 2005 as a Stockholm School of Economics student and has run it through a banking licence, a $45.6bn private mark, an 85% markdown and a New York listing. Best known for pushing Klarna from buy-now-pay-later into a credit-card challenger, and for an AI rollout that cut headcount from roughly 6,000 to 3,000 before he publicly reversed part of it.

The CEO view — 10 podcasts, interviews & articles →

Niclas Neglén
Chief Financial Officer & Director
CFO since March 2021, previously in leadership roles at HSBC Private Bank. Signed the first 20-F and owns the funding model that pairs $13bn of consumer deposits against the loan book.
Camilla Giesecke
Chief Operating Officer
Runs operations across 26 markets; joined from Saab and started her career as an M&A analyst at J.P. Morgan in London.
David Sykes
Chief Commercial Officer
Owns the merchant side of the network, roughly 966,000 merchants at the end of 2025 and the US expansion that now supplies the fastest revenue growth.
Michael J. Moritz
Chairperson of the Board Board
Chairperson of Klarna's board and the Sequoia Capital partner who backed the company early; the board continuity that carried it through the 2022 down round to the NYSE listing.
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By latest reported 13F position value. Market value at quarter-end, not cost basis.