KLAR
Klarna Group plc
Quarterly revenue, EPS, free cash flow, valuation, and Rule of 40 scores for Klarna Group plc.
Klarna Group plc operates as a digital bank and flexible-payments provider. It offers pay-in-full, pay-later, and installment financing at checkout, plus advertising, a consumer app, cards, deposits and savings in licensed markets, and merchant acquiring. The platform connects consumers and merchants in the United Kingdom, the United States, Germany, Sweden, and other countries.
Coverage
KLAR Q2 2026 reported earnings analysis
Klarna guided September revenue to $940-980M; about $150M of its annual cut is an accounting change, not lost activity.
Klarna Joins Coverage and Its Rule of 40 Score Swung 375 Points in Four Quarters.
Klarna's R40 score went from +79 to -243 to +1 in four quarters. None of the swing was operations — it was a bank's deposits in the free-cash-flow line.
Where the revenue goes next
Latest: $1.04B (2026Q2)
| Period | Value |
|---|---|
| 2024Q1 | $643M |
| 2024Q2 | $682M |
| 2024Q3 | $706M |
| 2024Q4 | $781M |
| 2025Q1 | $701M |
| 2025Q2 | $823M |
| 2025Q3 | $903M |
| 2025Q4 | $1.08B |
| 2026Q1 | $1.01B |
| 2026Q2 | $1.04B |
Latest: $0.01 (2026Q2)
| Period | Value |
|---|---|
| 2024Q3 | $0.05 |
| 2025Q1 | −$0.26 |
| 2025Q2 | −$0.14 |
| 2025Q3 | −$0.25 |
| 2026Q1 | −$0.01 |
| 2026Q2 | $0.01 |
Latest: −$269M (2026Q2)
| Period | Value |
|---|---|
| 2025Q1 | $600M |
| 2025Q2 | $920M |
| 2025Q3 | $464M |
| 2025Q4 | −$3.05B |
| 2026Q1 | −$960M |
| 2026Q2 | −$269M |
Latest: 379M (2026Q2)
| Period | Value |
|---|---|
| 2025Q1 | 365M |
| 2025Q2 | 368M |
| 2026Q1 | 378M |
| 2026Q2 | 379M |
Latest: −$2.29B (2026Q2)
| Period | Value |
|---|---|
| 2025Q1 | $600M |
| 2025Q2 | $1.52B |
| 2025Q3 | $1.98B |
| 2025Q4 | −$1.06B |
| 2026Q1 | −$2.02B |
| 2026Q2 | −$2.29B |
Latest earnings
Next report: Nov 17, 2026 (Q3 2026)
Company History
Launched in Sweden to let consumers pay only after goods arrived, an answer to distrust in early online commerce.
Added its immediate-payment product and expanded beyond the Nordics into Germany and the Netherlands.
Approved as a bank by the Swedish Financial Supervisory Authority, which let Klarna fund lending from consumer deposits instead of wholesale markets.
Started a deliberate push into the United States and began scaling advertising and merchant marketing alongside payments, ending 14 straight profitable years.
A May 2024 share-for-share exchange moved the parent from Sweden to the UK, making Klarna Group plc the ultimate holding company.
Sold 34.3 million ordinary shares on 10 September 2025 at $40.00 apiece, of which 5 million were newly issued by the company.
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.
Key Players
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Funds we follow holding KLAR
By latest reported 13F position value. Market value at quarter-end, not cost basis.