Klarna Group plc Financials
Klarna Group plc (KLAR) reported $3.5B in revenue for fiscal year 2025, up 24.8% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 3 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Cash generation swung from a balance-sheet tailwind to a funding need, showing revenue growth alone does not explain how this business finances itself.
FY2024 produced$587M of operating cash flow despite only a token accounting profit, which means cash generation then came from somewhere other than reported earnings or durable margins. In FY2025, revenue reached$3.5B while operating cash flow fell to-$1.03B , a reversal that points to cash conversion and other balance-sheet movements dominating the economics.
The cash balance still rose to
Meanwhile, debt-to-equity moved from 5.1x to 6.0x across the last two years, showing liabilities expanded faster than the capital cushion beneath them. The earnings pattern also looks unusually volatile beside revenue, with FY2024's
Financial Health Signals
Klarna Group plc does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Klarna Group plc passes 0 of 5 computable financial strength tests (4 of the nine could not be computed from available data). No profitability signals pass, neither operating efficiency signal passes.
Klarna Group plc reported a net loss of $273.0M while operations used $1.0B of cash. With neither figure positive, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Klarna Group plc generated $3.5B in revenue in fiscal year 2025. This represents an increase of 24.8% from the prior year.
Klarna Group plc reported -$273.0M in net income in fiscal year 2025. This represents a decrease of 1400.0% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Cash & Balance Sheet
Klarna Group plc recorded an outflow of $1.0B in free cash flow in fiscal year 2025, representing a cash shortfall after capex. This represents a decrease of 276.6% from the prior year.
Klarna Group plc held $3.8B in cash as of fiscal year 2025; long-term debt is not reported for that period.
Not reported for fiscal year 2025.
Margins & Returns
Klarna Group plc's net profit margin was -7.8% in fiscal year 2025, showing the share of revenue converted to profit. This is down 8.5 percentage points from the prior year.
Klarna Group plc's ROE was -10.2% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is down 11.1 percentage points from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
Capital Allocation
Klarna Group plc invested $3.0M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 200.0% from the prior year.
Not reported for fiscal year 2025.
Not reported for fiscal year 2025.
KLAR Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 |
|---|---|---|---|
| Revenue | $3.5B+24.8% | $2.8B+23.5% | $2.3B |
| Interest Expense | $2.0M-33.3% | $3.0M-25.0% | $4.0M |
| Income Tax | $32.0M+166.7% | $12.0M+120.0% | -$60.0M |
| Net Income | -$273.0M-1400.0% | $21.0M+108.6% | -$244.0M |
Not reported in any period shown, so not listed: Cost of Revenue, Gross Profit, R&D Expenses, SG&A Expenses, Operating Income, EPS (Diluted).
KLAR Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 |
|---|---|---|---|
| Total Assets | $18.8B+36.2% | $13.8B | N/A |
| Cash & Equivalents | $3.8B+17.3% | $3.2B+35.6% | $2.4B |
| Goodwill | $685.0M+11.7% | $613.0M | N/A |
| Total Liabilities | $16.1B+39.5% | $11.5B | N/A |
| Total Equity | $2.7B+18.9% | $2.3B+2.7% | $2.2B |
| Retained Earnings | $2.2B+204.3% | -$2.1B | N/A |
Not reported in any period shown, so not listed: Current Assets, Inventory, Accounts Receivable, Current Liabilities, Long-Term Debt.
KLAR Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY25 | FY24 | FY23 |
|---|---|---|---|
| Operating Cash Flow | -$1.0B-275.8% | $587.0M-27.4% | $808.0M |
| Capital Expenditures | $3.0M+200.0% | $1.0M0.0% | $1.0M |
| Free Cash Flow | -$1.0B-276.6% | $586.0M-27.4% | $807.0M |
| Investing Cash Flow | -$30.0M-119.5% | $154.0M+285.5% | -$83.0M |
| Financing Cash Flow | $988.0M+216.7% | $312.0M+603.2% | -$62.0M |
Not reported in any period shown, so not listed: Dividends Paid, Share Buybacks.
KLAR Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY25 | FY24 | FY23 |
|---|---|---|---|
| Net Margin | -7.8%-8.5pp | 0.8%+11.5pp | -10.7% |
| Return on Equity | -10.2%-11.1pp | 0.9%+12.0pp | -11.1% |
| Return on Assets | -1.5%-1.6pp | 0.1% | N/A |
| Debt-to-Equity | 6.00+0.9x | 5.12 | N/A |
| FCF Margin | -29.5%-50.3pp | 20.8%-14.6pp | 35.5% |
Not reported in any period shown, so not listed: Gross Margin, Operating Margin, Current Ratio.
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Where Klarna Group plc Ranks
Frequently Asked Questions
What is Klarna Group plc's annual revenue?
Klarna Group plc (KLAR) reported $3.5B in total revenue for fiscal year 2025. This represents a 24.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Klarna Group plc's revenue growing?
Klarna Group plc (KLAR) revenue grew by 24.8% year-over-year, from $2.8B to $3.5B in fiscal year 2025.
Is Klarna Group plc profitable?
No, Klarna Group plc (KLAR) reported a net income of -$273.0M in fiscal year 2025, with a net profit margin of -7.8%.
What is Klarna Group plc's net profit margin?
Klarna Group plc (KLAR) had a net profit margin of -7.8% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Klarna Group plc's return on equity (ROE)?
Klarna Group plc (KLAR) has a return on equity of -10.2% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Klarna Group plc's free cash flow?
Klarna Group plc (KLAR) recorded an outflow of $1.0B in free cash flow during fiscal year 2025. This represents a -276.6% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Klarna Group plc's operating cash flow?
Klarna Group plc (KLAR) recorded an outflow of $1.0B in operating cash flow during fiscal year 2025, representing cash used by core business activities.
What are Klarna Group plc's total assets?
Klarna Group plc (KLAR) had $18.8B in total assets as of fiscal year 2025, including both current and long-term assets.
What are Klarna Group plc's capital expenditures?
Klarna Group plc (KLAR) invested $3.0M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.
What is Klarna Group plc's debt-to-equity ratio?
Klarna Group plc (KLAR) had a debt-to-equity ratio of 6.00 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Klarna Group plc's return on assets (ROA)?
Klarna Group plc (KLAR) had a return on assets of -1.5% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Klarna Group plc's cash runway?
Based on fiscal year 2025 data, Klarna Group plc (KLAR) had $3.8B in cash against an annual operating cash burn of $1.0B. This gives an estimated cash runway of approximately 44 months at the current burn rate. Cash runway measures how long a company can continue operating before running out of cash, assuming no additional funding.
What is Klarna Group plc's Piotroski F-Score?
Klarna Group plc (KLAR) has a Piotroski F-Score of 0 out of 5 computable signals; 4 of the nine could not be computed from available data, so the full-scale strength rating is not shown. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Klarna Group plc's earnings high quality?
Klarna Group plc (KLAR) reported a net loss of $273.0M while operations used $1.0B of cash. With neither figure positive, the ratio between the two carries no quality signal. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.