Klarna scores 100 million users but losses double as BNPL giant takes on one-time cost
Klarna’s user base keeps climbing, but so do its losses. The Swedish buy now, pay later giant reported a $99 million net loss for Q1, more than double what it lost a year ago. Klarna blamed the hit on one-time costs tied to share awards, restructuring, and its now paused IPO.
Meanwhile, revenue climbed 15% to $701 million, and the company says it’s been profitable on an underlying basis for four straight quarters. Klarna now has 100 million active users and over 724,000 merchant partners, with US revenue in particular up 33%.
Still, Klarna’s much-hyped public debut is in limbo. The company filed to list on the NYSE earlier this year and had planned to launch its roadshow last month, but pulled back after President Trump’s tariff announcements rattled market optimism. Klarna had been aiming to raise $1 billion at a $15 billion valuation.
Meanwhile, revenue climbed 15% to $701 million, and the company says it’s been profitable on an underlying basis for four straight quarters. Klarna now has 100 million active users and over 724,000 merchant partners, with US revenue in particular up 33%.
Still, Klarna’s much-hyped public debut is in limbo. The company filed to list on the NYSE earlier this year and had planned to launch its roadshow last month, but pulled back after President Trump’s tariff announcements rattled market optimism. Klarna had been aiming to raise $1 billion at a $15 billion valuation.
