Klarna Group plc (KLAR)
Bull Thesis
- Apple partnership is transformational. On July 28, 2026, Apple made Klarna the exclusive financing backend of its new "Apple Upgrade" device-leasing program, retiring Apple's own iPhone Upgrade Program and putting Klarna inside every Apple Store transaction in the US.1
- Approaching profitability at speed. Q1 2026 adj. operating profit hit $68M vs just $3M a year earlier; net loss narrowed 95% YoY to −$5M, suggesting GAAP net income could flip positive in 2026.2
- Revenue compounding at 44% with a billion-dollar quarter. Q4 2025 was Klarna's first $1B revenue quarter (+38% YoY); Q1 2026 followed at $1.01B (+44% YoY), consistently beating consensus estimates.2
- Merchant base surpassed 1 million (+47% YoY). Klarna's distribution flywheel — powered by Stripe, Bolt, and J.P. Morgan Payments integrations — adds merchants at near-zero marginal cost and deepens checkout ubiquity.3
- US banking licence application filed July 2026. A Utah ILC charter would allow Klarna to fund loans from deposits at lower cost, expanding net interest margin and unlocking a neobank flywheel in the world's largest consumer-credit market.4
Bear Thesis
- Stock has lost 64% from its $57.20 all-time high. Despite strong revenue growth, KLAR trades near its 52-week low of $12.06 at various points, signalling persistent market skepticism about the path to sustained GAAP profitability.5
- Securities class action alleges IPO prospectus understated credit risk. A filed lawsuit claims Klarna's 2025 F-1 concealed ballooning loan-loss provisions; a 102% spike in provisions was disclosed post-IPO, sending the stock down 25% in early 2026.6
- UK FCA regulation effective July 15, 2026. BNPL providers are now subject to FCA authorisation with mandatory affordability checks, which could raise Klarna's compliance costs and suppress approval rates in its second-largest market.7
- Loss-making on a GAAP basis with $13.3B of total debt. Klarna's balance sheet carries $13.25B in total debt (mostly consumer loan funding), and the company has yet to demonstrate sustainable net income; a credit cycle turn would be damaging.8
- Competition from Affirm, PayPal, and banks is intensifying. Affirm's market cap exceeded $28B in early 2026 — nearly double Klarna's at IPO — and card networks are embedding instalment options natively, compressing merchant-fee leverage.9
Executive Summary
Klarna Group plc (NYSE: KLAR) is a global fintech platform offering buy-now-pay-later (BNPL) payments, digital banking, and advertising solutions to 119 million active consumers across 26 markets and more than one million merchants.10 Founded in Stockholm in 2005 by Sebastian Siemiatkowski, Niklas Adalberth, and Victor Jacobsson, Klarna completed a much-anticipated IPO on the New York Stock Exchange on September 10, 2025, opening at $52 and raising net proceeds of $169 million at a roughly $15 billion valuation.11
The fundamentals snapshot is one of a company at an inflection. FY2025 full-year revenue reached $3.51 billion,8 and Q1 2026 became the second consecutive billion-dollar revenue quarter at $1.01 billion (+44% YoY).2 Adjusted operating profit swung from $3 million to $68 million in a single year, and GAAP net loss narrowed 95% to just −$5 million, putting Klarna on the cusp of reported profitability.2 Merchant count crossed one million in 2026 — up 47% year-over-year — boosted by partnerships with Stripe, Bolt, and J.P. Morgan Payments.3 Banking consumers (those using Klarna Card, Fair Financing, or savings products) more than doubled to 15.8 million in Q4 2025, growing 101% YoY.12
The bull case rests on three questions: Can Apple Upgrade — which made Klarna the balance sheet behind Apple's entire US device-leasing business, launched July 28, 20261 — prove to be a transformational, sticky distribution win? Can Klarna convert accelerating operating leverage into sustained GAAP net income before a consumer credit cycle weakens? And can it obtain a US banking licence (ILC application filed July 2026)4 to lower funding costs and expand margins? Bears counter that the stock has fallen ~64% from its $57.20 all-time high,5 a securities class action alleges the IPO prospectus understated a 102% spike in loan-loss provisions,6 and UK FCA BNPL regulation took effect July 15, 20267 — all while Klarna carries $13.25 billion in total debt.8 Q2 2026 earnings (published this morning, August 18, 2026) are today's pivotal test.
Company History & Leadership
Klarna was founded in 2005 in Stockholm, Sweden, by three students — Sebastian Siemiatkowski, Niklas Adalberth, and Victor Jacobsson — after pitching the concept at the Stockholm School of Economics entrepreneurship competition.14 The company is now domiciled as Klarna Group plc in London, United Kingdom, while its operational headquarters and primary brand identity remain rooted in Stockholm.15
Company Timeline
Leadership
| Name | Role | Notes |
|---|---|---|
| Sebastian Siemiatkowski | Co-Founder & CEO | Swedish entrepreneur, born 1981; co-founded Klarna at age 23; has led the company since inception17 |
| Niclas Neglén | Chief Financial Officer | Reports directly to Siemiatkowski17 |
| Yaron Shaer | Chief Technology Officer | Reports directly to Siemiatkowski17 |
| Victor Jacobsson | Co-Founder & Owner | One of three original founders; remains a significant stakeholder14 |
| David Sandström | Chief Marketing Officer | Key member of the executive leadership team17 |
Business Model & Unit Economics
Klarna earns revenue primarily through merchant fees — approximately three-quarters of total revenue — supplemented by consumer financing interest, advertising revenue, and affiliate commissions.18 The company operates four core payment products and is expanding into digital banking and media.
Payment Products
Pay in Full — Klarna processes the purchase immediately at the time of the transaction, earning an interchange-style merchant service charge. Pay Later — Klarna defers the full amount, typically 14–30 days, at no cost to the consumer; the merchant pays a per-transaction fee for the conversion uplift. Pay in 4 / Installments — four equal fortnightly or monthly instalments, interest-free; the merchant fee is higher, reflecting the longer financing period. Fair Financing (long-term credit) — consumer instalment loans ranging from 3 to 48 months at APRs disclosed at point of origination; here Klarna earns net interest income on its own balance sheet.10
Banking & Data
Klarna operates a Swedish banking entity (Klarna Bank AB) that accepts deposits and offers savings accounts, enabling cheaper funding for its credit book. By Q4 2025, banking consumers — those actively using the Klarna Card, Fair Financing, or savings products — reached 15.8 million, up 101% year-over-year.12 The Klarna Card is a physical and virtual card accepted globally. In Germany, Klarna added a €900M forward-flow and warehouse financing facility in July 2026 to fund its consumer financing portfolio expansion in that market.19
Advertising & Media
Klarna's app — with 119 million active consumers10 — is increasingly a retail media channel. Klarna generates revenue by selling in-app sponsored search placements, branded content, and affiliate commissions from outbound traffic. This advertising segment leverages Klarna's rich transactional and behavioural data to deliver targeted campaigns for the merchants it already serves.18
Growth Moat
Klarna's competitive moat rests on four pillars: (1) distribution scale — 1M+ merchants enabled through deep integrations with Stripe, Bolt, J.P. Morgan Payments, and Shopify;3 (2) consumer trust and switching costs — the Klarna app becomes a shopping hub (Klarna card, savings account, shopping feed), raising switching costs beyond a single BNPL transaction; (3) data advantage — 20+ years of transaction data and over 119 million consumer histories power tighter credit underwriting and higher approval rates than newer entrants; and (4) banking infrastructure — the existing Swedish banking licence and the in-progress US ILC charter enable deposit-funded lending at lower cost than non-bank peers.4
Unit Economics
Transaction Margin Dollars (TMD) — Klarna's primary unit-economics metric — reached $389 million in Q1 2026, representing a 38% transaction margin on $1.01B revenue.2 Management has guided a long-term target of 50% TMD margin and 25% adjusted operating income margin. Leisure, Sport & Hobby is the fastest-growing merchant category at 91% YoY growth as of early 2026, reflecting broadening use cases beyond pure e-commerce.20
Price History & Technicals
| Metric | Value | Notes |
|---|---|---|
| Last Close (Aug 18, 2026) | $20.79 | Day of Q2 2026 earnings release5 |
| All-Time High (Intraday) | $57.20 | 52-week high; reached near post-IPO peak5 |
| All-Time Low (52-Wk) | $12.06 | 52-week low; reached after Q4 2025 credit-loss disclosure5 |
| IPO Open Price | $52.00 | September 10, 2025; closed first day at $45.8211 |
| IPO Close (Day 1) | $45.82 | +15% vs IPO price on day one11 |
| Shares Outstanding | 378,113,486 | As reported5 |
| Market Cap (Aug 18, 2026) | ~$7.9B | At $20.79 × 378M shares |
| 52-Week Range | $12.06–$57.20 | Extraordinary spread reflecting IPO euphoria and credit-loss concerns5 |
KLAR's post-IPO price action can be divided into three distinct phases. Phase 1 — IPO euphoria (Sep–Oct 2025): shares opened at $52 and quickly rallied to an all-time high of $57.20, driven by institutional demand for a flagship fintech IPO and coverage initiations from Citi and other banks with Buy ratings.5 Phase 2 — Credit-loss reckoning (Nov 2025–Feb 2026): Klarna disclosed a 102% spike in loan-loss provisions, triggering the securities class action and a share price collapse to $12.06 at its trough; the stock fell more than 25% in a single session during this period.6 Phase 3 — Partial recovery (Mar–Aug 2026): Recovering from the lows, KLAR staged a three-week winning streak through late July 2026 as the Apple Upgrade announcement on July 28 re-energised sentiment; the stock pulled back ~7% pre-earnings in the days before today's Q2 2026 report.21
The 52-week spread of $12.06 to $57.20 — nearly a 5× range — is extraordinarily wide even for a growth fintech, and reflects deep disagreement between investors on how to value Klarna's credit-cycle exposure versus its platform growth trajectory. Morgan Stanley raised its price target to $21 from $18 in mid-2026, suggesting measured optimism rather than a strong recovery call.22
Financial Statements & Guidance
Income Statement Summary
| Period | Revenue | Adj. Op. Income | Net Income (Loss) | Notes |
|---|---|---|---|---|
| FY2025 (Full Year) | $3.51B | not disclosed | not disclosed | Total assets $18.8B8 |
| Q3 2025 | $903M | not disclosed | not disclosed | +28% vs Q3 202423 |
| Q4 2025 | $1,082M | not disclosed | not disclosed | First $1B quarter; GMV $38.7B12 |
| Q1 2026 | $1,010M | $68M | −$5M | +44% YoY; net loss −95% vs Q1 '252 |
| Q2 2026 (guidance) | $960M–$1,000M | $30M–$50M | not disclosed | Results published Aug 18, 202616 |
Balance Sheet Highlights (FY2025)
Klarna's balance sheet reflects a bank-like structure with large consumer loan receivables funded primarily by debt.8
- Total Assets: $18.80 billion (+36% YoY)8
- Current Assets: $15.31 billion (+25% YoY)8
- Total Liabilities: $16.11 billion (+40% YoY)8
- Total Debt: ~$13.25 billion (consumer loan funding, deposits, and wholesale facilities)8
- Total Equity: $2.68 billion (+19% YoY)8
Key Operational Metrics
| Metric | Q1 2026 | Q4 2025 | YoY Change |
|---|---|---|---|
| Gross Merchandise Volume (GMV) | $33.7B | $38.7B | +33% (Q1) |
| Revenue | $1.01B | $1.08B | +44% (Q1) |
| Transaction Margin $ | $389M | not disclosed | 38% margin (Q1) |
| Active Consumers | 119M | ~118M | +21% YoY |
| Active Merchants | >1M | >1M | +47% YoY |
| Banking Consumers | ~16M | 15.8M | +101% YoY (Q4) |
Forward Guidance (Q2 2026)
For Q2 2026, Klarna guided revenue of $960 million to $1,000 million, GMV of $35.5 billion to $36.5 billion, transaction margin dollars of $375 million to $395 million, and adjusted operating income of $30 million to $50 million.16 The lower sequential adj. operating income guide (vs $68M in Q1) reflects seasonal mix and investment in growth initiatives. The Street was modelling approximately $995 million in revenue for Q2.24
Sell-Side View
The sell-side consensus on KLAR is Buy, with 22 analysts polled by S&P Global setting an average 12-month price target of $24.55 — an implied 18% upside to the August 18, 2026 close of $20.79.22 The highest target on the street stands at $32.11; the bull-case scenario from FinanceFeeds sees $25; the bear case anchors to $12.25
Analyst Coverage Table
| Firm | Rating | Price Target | Notes / Date |
|---|---|---|---|
| Morgan Stanley | Buy | $21 | Raised from $18; credits growth catalysts but flags credit risk22 |
| Citi | Buy | not disclosed | Initiated with Buy at IPO; cited BNPL/neobank disruption thesis26 |
| S&P Global Consensus | Buy | $24.55 | Average of 22 analysts; +18.09% implied upside22 |
| Wall Street Consensus (MarketBeat) | Buy | $30.94 | 18 analysts; broader range of targets27 |
| High Target (Street) | Buy | $32.11 | Most bullish analyst on record27 |
Target dispersion is wide — from $12 bear to $32 bull — reflecting genuine fundamental uncertainty about the credit quality of Klarna's consumer loan book, the pace of US neobank adoption, and the long-term margin potential of the advertising segment. The securities class action (alleging IPO documents understated credit risk)6 likely suppresses the ratings of some banks that co-underwrote the IPO due to conflict-of-interest restrictions.
Morningstar fair value for KLAR was not available in sources consulted; the company is relatively newly listed and Morningstar coverage may be pending or proprietary. Seeking Alpha contributors broadly agree on "Initiate Buy with Caveats," citing Klarna's BNPL/neobank disruption potential while flagging the credit-loss volatility as the key risk.28
Partnerships, Customers & Suppliers
Apple made Klarna the exclusive financing backend of "Apple Upgrade," replacing Apple's own iPhone Upgrade Program. Leases start at $17.99/month for iPhone; covers iPhone, Apple Watch, Mac, iPad. All existing Apple financing programs in the US are discontinued in favour of Klarna-written leases.1
Klarna and Stripe expanded their global partnership in January 2025, enabling businesses in 25 countries to instantly add Klarna at checkout through Stripe's financial infrastructure platform — a key driver of merchant count growth.29
J.P. Morgan Payments partnered with Klarna in February 2026 to embed Klarna installments directly into JPM's commerce platform, giving JPM's merchant base instant access to Klarna flexible payments at checkout.30
Klarna became Bolt's exclusive BNPL payment partner, integrating flexible payment options directly into Bolt's CheckoutOS and reaching 80 million US shoppers enrolled in Bolt's one-click platform.31
Klarna partnered with Southwest Airlines in July 2026, bringing flexible installment payments to millions of US travelers booking Southwest flights — part of Klarna's accelerating travel-sector expansion.32
Flix and Klarna expanded their partnership to give millions of US and European travelers more flexible ways to pay for bus and train travel, broadening Klarna's footprint in the leisure travel segment.32
Klarna deepened its partnership with Blackhawk Network to tap the $447 billion US gift card market, enabling Klarna's payment options for gift card purchases across Blackhawk's retail distribution network.33
Klarna expanded its presence in long-haul flights through partnerships with Lufthansa and Qatar Airways, enabling flexible payments for airline ticket purchases across Europe and internationally.20
Klarna's partnership strategy focuses on three distribution tiers: (1) payment infrastructure enablers (Stripe, JPM Payments) that add hundreds of thousands of merchants at once; (2) category-anchoring flagship brands (Apple, Southwest, Lufthansa) that signal credibility in high-ticket verticals; and (3) high-traffic consumer platforms (Bolt) that accelerate consumer enrollment and Klarna app adoption. The merchant base has grown 47% YoY to exceed one million — a scale that creates a self-reinforcing flywheel: more merchants attract more consumers to the Klarna app, and a larger consumer base makes Klarna more attractive to the next merchant.3
Competition
The BNPL and embedded payments market is large and intensely competitive. Klarna's primary direct competitors are Affirm (AFRM, NYSE), Afterpay (Square/Block, NYSE: SQ), PayPal Pay Later (PYPL, NYSE), Sezzle (SEZL), and Zip. Each has a distinct positioning and geography. Klarna's broader competitive threat comes from traditional credit card issuers (Visa, Mastercard, American Express) embedding instalment options natively, and potential Big Tech plays in payments.9
Competitive Landscape
| Company | Public? | Key Differentiator | Notable Metric / Positioning |
|---|---|---|---|
| Klarna (KLAR) | Yes — NYSE | Global merchant scale, neobank ambition, Apple partnership | 119M consumers, 1M+ merchants, 26 markets10 |
| Affirm (AFRM) | Yes — Nasdaq | US-focused, credit-bureau integration, longer-term loans | Market cap ~$28B (early 2026); partnered with Debit+9 |
| Afterpay (via Block) | Yes — NYSE: SQ | Pure pay-in-4 simplicity; deeply embedded with Millennial/Gen Z | Acquired by Square/Block; interest-free 6-week model34 |
| PayPal Pay Later | Yes — Nasdaq: PYPL | Leverages existing PayPal checkout ubiquity; no new account needed | Pay in 4 embedded in ~400M PayPal accounts globally34 |
| Sezzle (SEZL) | Yes — Nasdaq | US/Canada focus; credit-building product for thin-file consumers | Fell 5% pre-earnings when KLAR dropped 7% (Aug 17, 2026)21 |
| Zip | Yes — ASX: ZIP | Australia/US BNPL; quad-pay instalment focus | Private label cards and BNPL hybrid model |
Klarna's clearest edge versus Affirm is geographic breadth — Klarna operates in 26 countries versus Affirm's dominant but US-centric focus — and the Apple partnership, which has no comparable analog in Affirm's portfolio. Affirm has moved aggressively to integrate with credit bureaus, a step Klarna and Afterpay have explicitly declined, positioning Klarna as friendlier to consumers concerned about credit-score impact.34
Versus Afterpay and PayPal, Klarna's differentiation is product depth: where Afterpay is a narrow pay-in-4 instrument and PayPal is an add-on to an existing wallet, Klarna aspires to be a full-stack consumer financial platform — banking, spending, saving, and shopping in one app. The Klarna Card and savings accounts create retention hooks that pure BNPL players lack.
The most significant long-term competitive risk is from large banks and card networks adding buy-now-pay-later features natively to existing credit and debit products. These incumbents have lower funding costs, established customer relationships, and regulatory standing. Klarna's response — seeking a US banking licence — is the right strategic counter, but approval timelines are uncertain and compliance costs are meaningful.
Risks & the Bear Case
Klarna's 2025 IPO disclosures triggered a securities class action after loan-loss provisions spiked 102% post-filing. A consumer credit cycle downturn — rising unemployment, falling discretionary spending — could materially impair Klarna's $13.25B loan book and reverse the operating leverage being built.6
The UK FCA brought BNPL providers under mandatory authorisation and affordability checks effective July 15, 2026.7 EU regulators and the US CFPB are also actively scrutinising BNPL. Stricter affordability checks or interest rate caps could raise Klarna's cost to serve and suppress approval rates in key markets.
A securities class action lawsuit has been filed alleging Klarna's IPO prospectus (F-1) understated credit-loss risk. If the litigation proceeds to trial and plaintiffs prevail, damages could be material. The lawsuit clouds the company's litigation profile and may deter institutional investors.6
Klarna reports in USD but generates substantial revenue in SEK, EUR, GBP, and other currencies. Dollar strength compresses reported revenues, while a European recession would hit both transaction volumes and credit quality simultaneously — a double hit to the model.
Affirm's market cap (~$28B) and PayPal's distribution (400M+ accounts) dwarf Klarna's valuation. Banks and card networks are adding instalment features natively, and merchant switching costs in BNPL are low — a key fee compression risk as the market matures.9
Klarna completed its IPO issuing 5 million shares and raised only $169 million net11 — a small float relative to its balance sheet needs. Future equity issuances to fund balance sheet growth or bank capitalisation requirements could meaningfully dilute existing shareholders.
Klarna filed for a Utah ILC charter in July 2026,4 but ILC approvals are historically slow and politically contentious — past fintechs have waited years or been denied. Without it, US funding costs remain structurally higher than bank peers, capping margin potential.
In July 2026, a Swedish court awarded Klarna $1.97 billion in damages from PriceRunner antitrust litigation,35 though the actual collectability of this award is uncertain. Simultaneously, Klarna's own dominant position in BNPL in certain European markets may draw future scrutiny.
Bear Thesis Deep-Dive
The steelman bear case on KLAR — articulated by FinanceFeeds and others — anchors a $12 bear-case price target, just above the 52-week low.25 The argument has three interlocking legs. First, credit is the foundational risk: Klarna's revenue model depends on consumers repaying their short-term loans, and a 102% spike in loan-loss provisions shortly after the IPO revealed that credit risk was not fully transparent in the F-1. In a recessionary environment with rising consumer defaults, Klarna's net revenue could compress sharply — and the company is not yet generating sustainable GAAP profits to absorb the losses.
Second, valuation rests on a long-dated optionality story: 50% TMD margin and 25% adjusted operating income margin are management's long-term targets, but they remain unproven at scale. The market is being asked to price future platform economics (Klarna as bank, Klarna as retail media network) that don't yet exist in the income statement. If the path to those targets is longer or more capital-intensive than expected — particularly if the US banking licence is delayed or denied — the discount rate on the intrinsic value story expands significantly.
Third, the stock's structural fragility is real: KLAR's float is thin, the March 2026 lockup expiration introduced significant insider-selling pressure, and day-to-day moves are amplified by options activity and sector correlation with Affirm and Sezzle. A weak Q2 2026 print — below the $960M–$1B guidance range, or deteriorating credit metrics — could re-test the $12 lows. The securities class action hanging over the stock ensures elevated litigation-related uncertainty that keeps risk-adjusted valuation discounted to the sector.6
Catalysts — Recent & Upcoming
Recent Catalyst Timeline (Jul–Aug 2026)
Upcoming Watch List
| Event | Expected Timing | Significance |
|---|---|---|
| Q2 2026 Earnings Call Follow-through | Aug 18, 2026 (today) | Credit quality metrics, Apple Upgrade ramp commentary, and Q3 guidance most watched16 |
| US ILC Banking Licence Decision | 2026–2027 (uncertain) | Transformational for funding cost; historically slow regulatory process4 |
| Apple Upgrade Volume Data | Q3 2026 earnings (~Nov 2026) | First full quarter of Apple Upgrade contribution to GMV and revenue1 |
| UK FCA Compliance Outcomes | H2 2026 onward | Impact of mandatory affordability checks on UK approval rates and margins7 |
| PriceRunner Award Collection | Not yet determined | $1.97B judgment; collectability timing and appeals could defer recognition35 |
| Q3 2026 Earnings | ~November 2026 | First quarter with full Apple Upgrade contribution; seasonally strong Q4 setup |
References
- Apple launches 'Upgrade' device leasing program in partnership with Klarna TechCrunch · July 28, 2026
- Klarna Delivers Strong Start to 2026 With $1Bn Revenue and $68M Adj. Operating Profit BusinessWire / Klarna IR · May 14, 2026
- Klarna Smashes 1 Million Merchants Milestone Klarna Investor Relations · 2026
- Klarna Q2 2026 earnings set for Aug. 18 release StockTitan / Klarna IR · 2026 (includes ILC filing reference)
- Klarna Group — 1 Year Stock Price History | KLAR MacroTrends · 2026
- Klarna Lawsuits: Securities Class Action and Consumer Cases LegalClarity · 2026
- Klarna $KLAR stock price forecast: IPO recap, current price and outlook 2026 IG UK · 2026 (includes FCA BNPL regulation Jul 15, 2026 reference)
- Klarna Group (KLAR) Financials & Income Statement Stock Analysis · 2026
- 5 Best Buy Now, Pay Later Apps: Klarna vs Affirm vs Afterpay StartupHub.ai · 2026
- Klarna Group (KLAR) Company Profile & Description Stock Analysis · 2026
- Klarna IPO: everything you need to know Capital.com · 2025–2026
- Klarna Group plc — Form 6-K — Q4 2025 Earnings Press Release SEC EDGAR · February 2026
- A Message To Investors: The Apple Upgrade Partnership Klarna Investor Relations · July 28, 2026
- Klarna Wikipedia · accessed August 2026
- Klarna Group (KLAR) Company Profile & Description Stock Analysis · 2026
- Klarna to Publish Q2 2026 Earnings on August 18, 2026 Klarna Investor Relations · July 13, 2026
- Who is the CEO of Klarna in 2026? Sebastian Siemiatkowski's Bio Clay · 2026
- How Klarna makes money: Reinventing itself beyond BNPL RevenueMemo · 2025–2026
- Klarna adds Germany to its capital efficiency platform with €900M facility Klarna Investor Relations / press reports · July 9, 2026
- Klarna Statistics 2026: Revenue, User Base, Partnerships CoinLaw · 2026
- Klarna Group Drops 7% Before Q2 Earnings, Sezzle Falls 5% as BNPL Names Diverge 24/7 Wall St. · August 17, 2026
- Klarna Group plc: Target Price Consensus and Analysts Recommendations MarketScreener · 2026
- Klarna Group plc — Form 6-K — Q3 2025 Earnings SEC EDGAR · 2025
- Klarna Q2 Preview: $960M-$1B Guide, Credit Losses in Focus FinanceFeeds · August 2026
- Klarna (KLAR) Stock Prediction: $25 Bull vs $12 Bear Case FinanceFeeds · 2026
- Klarna initiated with a Buy at Citi TipRanks / The Fly · 2025
- Klarna Group (KLAR) Stock Forecast and Price Target 2026 MarketBeat · 2026
- Klarna Proves Itself A BNPL/Neobank Disruptor — Initiate Buy With Caveats Seeking Alpha · 2026
- Klarna and Stripe expand global partnership to drive merchant growth with BNPL offerings Fintech Global · January 15, 2025
- J.P. Morgan Payments Adds Klarna Installments at Checkout PYMNTS.com · 2026
- Klarna and Bolt Partner to Deliver One-Click Flexible Payments to 80 million Shoppers in the US PR Newswire · 2025
- Southwest Airlines and Flix partnerships Klarna IR / press reports · July 7–8, 2026
- Klarna Deepens Partnership With Blackhawk Network to Tap $447B US Gift Card Market Klarna IR · 2025
- Klarna vs Affirm 2026: Fees, Limits & Best BNPL Pick Chargeflow · 2026
- Klarna Antitrust Award: $1.5B Damages from Swedish Court Cryptonomist · July 1, 2026