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Klarna Reports $99M Q1 Loss as U.S. IPO Plans Remain Delayed

The Swedish fintech saw revenue grow 13% year-over-year to $701M but faced increased losses due to one-off costs and restructuring.

A sign is pictured at the entrance of Klarna's headquarters in Stockholm, Sweden on May 25, 2022. REUTERS/Supantha Mukherjee/File Photo
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Overview

  • Klarna's Q1 2025 net loss of $99 million more than doubled from the $47 million loss reported in Q1 2024.
  • Revenue for the first quarter increased 13% year-over-year to $701 million, highlighting growth despite rising losses.
  • One-off costs, including depreciation, share-based payments, and restructuring, contributed significantly to the increased losses.
  • The company has delayed its U.S. IPO, initially expected to value Klarna at over $15 billion, citing market volatility caused by new U.S. tariff measures.
  • Klarna now serves 100 million active users and 724,000 merchant partners globally, with a 40% headcount reduction facilitated by AI investments.