Klarna Group plc SEC Filings

Klarna Group plcDavid Fock, outlining his equity interests in the company. The filing shows he directly holds 176,838 Klarna Group plc ordinary shares27,000 ordinary shares bought on March 9, 2026 in open‑market trades at $14.39 per share, for total consideration of $388,552.14.

In addition to ordinary shares, Fock holds several equity awards in Klarna subsidiaries that are ultimately convertible into Klarna Group plc ordinary shares. These include restricted stock units in Larkan AB, where approximately four Larkan shares convert into one Klarna share, and multiple Larkan SPV warrants that together cover 1,052,412, 1,078,224 and 363,720 underlying Klarna shares, vesting over multi‑year schedules. He also holds several Klarna option grants, exercisable at prices such as 374.25, 748.50 and 1,122.75 (value in SEK) per share, with expirations extending to 2029.

Klarna Group plc director Michael J. Moritz has filed an initial ownership report showing a large equity position in the company. The filing reports indirect ownership of 3,472,845 Klarna ordinary shares held through Crankstart Foundation, acquired in multiple open-market purchase transactions for total consideration of $49,913,138.73 at prices between $13.1791 and $16.1128 per share from March 3, 2026 through March 11, 2026. In addition, he holds Klarna Group plc Restricted Stock Units that are currently linked to 37,500 underlying ordinary shares at a $0.0000 exercise price. These RSUs vest in four equal annual installments starting on the first anniversary of the grant date and are settled in ordinary shares upon vesting.

Klarna Group plc filed its annual Form 20-F, outlining how its growth-focused business model, funding structure and risk profile are evolving. The company highlights a shift from long profitability to recent volatility, with a net profit of $21 million in 2024 but net losses of $273 million in 2025 and $244 million in 2023 as it expanded into new markets, particularly the United States.

Klarna emphasizes reliance on consumer deposits for funding: in the year ended December 31, 2025, about 90% of funding came from consumer deposits totaling $13 billion, while funding costs increased from $297 million in 2023 to $667 million in 2025. Management stresses the importance of its ML-based underwriting, noting U.S. provision for credit losses as a percentage of GMV declined from about 3.6% in 2021 to about 0.63% in 2025, even as U.S. GMV grew roughly 213%.

The filing details extensive risks: dependence on merchant relationships and brand, intense competition from banks, card networks and fintechs, regulatory and licensing complexity across jurisdictions, heavy use of AI and ML with emerging legal requirements such as the EU AI Act and GDPR, unsecured consumer credit exposure of $15.2 billion as of December 31, 2025, and sensitivity to macroeconomic conditions, interest rates and funding markets. Klarna also notes operational dependence on key partners such as card networks, banks, cloud providers and payment processors, and explains that acquisitions, geographic expansion and product innovation (including advertising and new payment solutions) add execution, integration and regulatory risk.

Klarna Group plc submitted a Form 6-K noting that it has furnished an earnings presentation for the year ended December 31, 2025 as an exhibit. The presentation includes forward-looking statements about strategy, market growth, financial outlook and future operations, all subject to significant risks and uncertainties.

The company explains its use of non-IFRS measures such as transaction margin dollars, transaction margin, adjusted operating profit (loss) and adjusted operating margin, which are intended to help assess operational performance but should be viewed in addition to IFRS results. The filing also describes how like-for-like metrics are adjusted for a prior business sale and foreign currency effects.

Klarna Group plc reported a breakout fourth quarter of 2025, delivering its first billion‑dollar revenue quarter while still posting a small net loss. Total Q4 revenue rose 38% year-over-year to $1.082 billion as gross merchandise volume increased 32% to $38.7 billion, both above guidance.

Growth was driven by Klarna’s shift from pure payments to a broader digital banking model. Banking consumers doubled to 15.8 million and now generate $107 in revenue per user versus $30 for the average consumer. Fair Financing GMV jumped 165% to $4.5 billion and Klarna Card volume grew 209%, with 4.2 million active card users. Transaction margin dollars increased 17% to $372 million, while provisions for credit losses fell to 0.65% of GMV from 0.72% in Q3, reflecting stable credit performance. Operating leverage continued: since Q4 2022, revenue has grown 104% while operating expenses declined 8%, helping reduce the quarterly operating loss to $11 million despite continued upfront provisioning and investment in technology.

Klarna Group plc disclosed that co-founder and CEO Sebastian Siemiatkowski beneficially owns 28,555,512 ordinary shares, representing 7.49% of the company’s ordinary shares outstanding. This percentage is based on 377,255,045 ordinary shares outstanding as of September 30, 2025. The holding includes ordinary shares owned through entities he controls, Double Sunday AB and Flat Capital AB (publ), as well as ordinary shares issuable from currently exercisable options, including Class C options. On October 30, 2025, Flat Capital AB (publ) acquired all shares previously held by Double Sunday AB. In addition, he beneficially owns 24,651,816 non-transferable Class B shares, each carrying 10 votes per share but not convertible into ordinary shares and subject to automatic conversion into non-voting deferred shares in certain situations.

Klarna Group plc filed a Form 6-K to furnish its unaudited interim condensed consolidated financial statements for the three and nine-month periods ended September 30, 2025. These financial statements are provided as Exhibit 99.1, and an updated investor presentation is included as Exhibit 99.2. The interim financial statements and related information, other than the investor presentation, are incorporated by reference into Klarna’s existing Form S-8 employee benefit registration statement, which means they now form part of the disclosure record available to market participants.

Klarna Group plc submitted a Form 6-K to provide investors with its latest financial communications. The company furnished an earnings release for the three- and nine-month periods ended September 30, 2025 as an exhibit, along with a press release summarizing third quarter 2025 financial results and a business update. Klarna also included a spreadsheet of select historical financial results, giving readers access to key data in tabular form. These materials are attached as exhibits to the report and are intended to update the market on Klarna’s recent performance.