Buy Now, Pay Later Giant Klarna Reports $99M Q1 Loss

Klarna reported a $99 million net loss in the first quarter of 2025, more than double its $47 million loss from the same period last year.

The company attributed the decline to one-time costs tied to depreciation, share-based payments, and restructuring.

Despite the loss, Klarna’s revenue rose 13% year-over-year to $701 million, with 100 million active users and 724,000 merchant partners worldwide.

The Swedish buy now, pay later firm has put its plans for a U.S. IPO on hold, which was previously expected to value the company at over $15 billion.