Klarna Group plc (KLAR) Balance Sheet

NYSE: KLARAssets, liabilities, debt and equity over 10 years.

KLAR balance sheet, 2025

December 31, 2025 · U.S. dollars

$18.80B assets = $16.11B liabilities + $2.68B equity

Both columns are drawn to the same scale: what KLAR owns equals what it owes plus shareholders’ equity. Hover a block for its value.

KLAR financial health

Current ratio1.07

Adequate · current assets cover current liabilities 1.07×

Debt / equity0.57

Moderate leverage · $0.57 of debt for each $1 of equity

Equity / assets13.3%

Thin equity · of assets funded by shareholders

Cash / debt266.7%

Cash covers debt · cash & short-term investments vs total debt

Goodwill & intangibles5.7%

Mostly tangible · of total assets

Descriptive bands, not a rating. Fiscal 2025.

KLAR balance sheet trends, 2016–2025

Klarna Group plc balance sheet trends
Metric	Then	Latest	Change
Total assets	$1.33B2016	$18.80B2025	+34.3%/yr
Total liabilities	$1.02B2016	$16.11B2025	+35.9%/yr
Shareholders’ equity	$306.5M2016	$2.51B2025	+26.3%/yr
Cash & short-term investments	$103.4M2016	$3.80B2025	+49.3%/yr
Total debt	$115.5M2016	$1.43B2025	+32.2%/yr
Net cash (debt)	−$12.1M2016	$2.38B2025	+$2.4B
Working capital	$627.0M2016	$1.05B2025	+$425.0M
Book value per share	$6.902022	$6.742025	−0.8%/yr
Current ratio	2.122016	1.072025	−1.05
Debt / equity	0.382016	0.572025	+0.19
Shares outstanding	335.6M2022	372.2M2025	+3.5%/yr

Change is the average annual growth (CAGR) or the difference between the first and latest year.

KLAR assets

Cash & ST investmentsReceivablesInventoryOther currentPP&EGoodwill & intangiblesLT investmentsOther non-current

KLAR liabilities and equity

Current liabilitiesLong-term debtOther long-term liabilitiesEquity

KLAR debt vs cash

Total debtCash & ST investmentsNet cash (debt)

Debt includes short- and long-term borrowings and, where reported, lease obligations.

KLAR balance sheet

Klarna Group plc annual balance sheet
	2025	2024	2023	2022	2021	2020	2019	2018	2017	2016
Assets
Cash & short-term investments	$3.80B	$3.59B	$2.39B	$2.57B	$2.83B	$1.24B	$279.5M	$348.0M	$225.2M	$103.4M
Cash & equivalents	$3.80B	$3.24B	$2.39B	$1.54B	$1.75B	$609.5M	$11.4M	$37,345	$4,388	$4,391
Short-term investments	$786.0M	$347.0M	—	$1.03B	$1.08B	$634.4M	$268.1M	$348.0M	$225.2M	$103.4M
Receivables	$11.82B	$7.52B	$9.00B	$7.30B	$0	$0	$0	$0	$0	$0
Inventory	$0	$0	$0	$0	$0	$0	$0	$0	$0	$0
Other current assets	$0	$97.0M	$70.0M	$570.7M	$7.77B	$5.57B	$3.42B	$2.59B	$1.86B	$1.08B
Total current assets	$15.63B	$11.21B	$11.46B	$10.44B	$10.59B	$6.82B	$3.70B	$2.94B	$2.09B	$1.19B
Property, plant & equipment (net)	$60.0M	$85.0M	$122.0M	$196.1M	$211.8M	$122.0M	$95.3M	$9.1M	$7.5M	$6.0M
Goodwill & intangible assets	$1.07B	$989.0M	$1.20B	$1.00B	$613.9M	$216.2M	$186.4M	$188.4M	$193.2M	$113.9M
Long-term investments	$1.53B	$130.0M	$808.0M	$0	$0	$0	$0	$0	$0	$0
Other non-current assets	$508.0M	$1.39B	$160.0M	$376.9M	$396.3M	$360.1M	$279.2M	$48.0M	$29.0M	$21.6M
Total assets	$18.80B	$13.80B	$13.75B	$12.01B	$11.81B	$7.51B	$4.26B	$3.18B	$2.32B	$1.33B
Liabilities
Accounts payable	$1.39B	$1.27B	$1.45B	$17.7M	$20.6M	$28.9M	$16.3M	$2.8M	$16.5M	$7.9M
Short-term debt	$110.0M	$257.0M	$282.0M	$385.6M	$727.5M	$630.2M	$717.2M	$2.7M	$36.8M	$29.0M
Deferred revenue	$13.00B	$7.68B	$8.36B	—	—	—	—	—	—	—
Total current liabilities	$14.58B	$9.25B	$10.12B	$6.73B	$5.66B	$3.77B	$1.99B	$1.43B	$963.5M	$558.3M
Long-term debt	$1.26B	$464.0M	$86.0M	$0	$0	$0	$0	$0	$0	$0
Lease obligations	$80.0M	$93.0M	$134.0M	—	—	—	—	—	—	—
Other long-term liabilities	$275.0M	$1.83B	$1.34B	$2.96B	$3.45B	$2.01B	$1.24B	$1.21B	$838.7M	$462.0M
Total liabilities	$16.11B	$11.55B	$11.55B	$9.69B	$9.10B	$5.77B	$3.23B	$2.64B	$1.80B	$1.02B
Shareholders' equity
Common stock & paid-in capital	—	—	—	$287,796	$331,643	$297,806	$243,247	$224,070	$239,785	$206,297
Retained earnings (deficit)	$2.17B	−$2.08B	−$2.16B	−$1.80B	−$958.0M	−$155.3M	$2.4M	$103.9M	$108.0M	$60.0M
Accumulated other comprehensive income	−$90.0M	−$479.0M	−$311.0M	$123.6M	$91.8M	$74.8M	$78.1M	$78.5M	$45.6M	$8.1M
Minority interest	$177.0M	$171.0M	$5.0M	—	—	—	—	—	—	—
Total shareholders' equity	$2.51B	$2.09B	$2.19B	$2.32B	$2.70B	$1.73B	$1.02B	$539.8M	$517.1M	$306.5M
Key figures
Total debt	$1.43B	$791.0M	$472.0M	$637.9M	$1.28B	$967.6M	$1.26B	$452.7M	$327.8M	$115.5M
Net cash (debt)	$2.38B	$2.80B	$1.92B	$1.93B	$1.54B	$276.4M	−$976.5M	−$104.7M	−$102.6M	−$12.1M
Working capital	$1.05B	$1.96B	$1.33B	$3.71B	$4.93B	$3.05B	$1.71B	$1.51B	$1.13B	$627.0M
Tangible book value	$1.44B	$1.10B	$992.0M	$1.31B	$2.09B	$1.52B	$838.1M	$351.4M	$323.9M	$192.7M
Book value per share	$6.74	$5.72	$6.05	$6.90	—	—	—	—	—	—
Shares outstanding	372.2M	364.4M	362.1M	335.6M	—	—	—	—	—	—
Current ratio	1.07	1.21	1.13	1.55	1.87	1.81	1.86	2.05	2.17	2.12
Quick ratio	1.07	1.20	1.12	1.47	0.50	0.33	0.14	0.24	0.23	0.19
Debt / equity	0.57	0.38	0.22	0.28	0.48	0.56	1.23	0.84	0.63	0.38
Equity / assets	13.3%	15.1%	15.9%	19.3%	22.9%	23.1%	24.1%	17.0%	22.3%	23.1%

Klarna Group plc quarterly balance sheet
	Jun '26	Mar '26	Dec '25	Sep '25	Jun '25	Mar '25	Dec '23	Sep '23	Dec '22
Assets
Cash & short-term investments	$2.67B	$4.00B	$3.80B	$6.79B	$6.11B	$4.11B	$3.12B	$2.68B	$2.57B
Cash & equivalents	$2.67B	$2.81B	$3.80B	$6.79B	$5.50B	$4.11B	$2.39B	$2.02B	$1.54B
Short-term investments	—	$1.19B	$786.0M	—	$607.0M	—	$724.0M	$665.2M	$1.03B
Receivables	$10.30B	$10.27B	$11.82B	$10.65B	$8.50B	$8.89B	$8.08B	$0	$7.30B
Inventory	$0	$0	$0	$0	$0	$0	$0	$0	$0
Other current assets	$0	$0	$0	$0	$27.0M	$36.0M	$268.0M	$8.63B	$570.7M
Total current assets	$12.97B	$14.27B	$15.63B	$17.44B	$14.64B	$13.03B	$11.47B	$11.31B	$10.44B
Property, plant & equipment (net)	$34.0M	$62.0M	$60.0M	$54.0M	$64.0M	$87.0M	$122.0M	$112.4M	$196.1M
Goodwill & intangible assets	$1.01B	$1.03B	$1.07B	$1.07B	$1.08B	$1.04B	$983.0M	$903.7M	$1.00B
Long-term investments	$0	$2.13B	$1.53B	$1.66B	$794.0M	$1.16B	$0	$0	$0
Other non-current assets	$3.75B	$496.0M	$508.0M	$555.0M	$2.61B	$212.0M	$1.18B	$303.0M	$376.9M
Total assets	$17.77B	$17.99B	$18.80B	$20.78B	$19.19B	$15.53B	$13.75B	$12.63B	$12.01B
Liabilities
Accounts payable	$546.0M	$1.40B	$1.39B	$562.0M	$1.72B	$1.51B	$596.0M	$37.9M	$17.7M
Short-term debt	$1.69B	$86.0M	$1.36B	$2.62B	$26.0M	$29.0M	$57.0M	$235.3M	$385.6M
Deferred revenue	—	$12.30B	—	—	$13.97B	$10.84B	—	—	—
Total current liabilities	$15.10B	$13.79B	$16.11B	$18.16B	$15.77B	$12.50B	$679.0M	$8.26B	$6.73B
Long-term debt	$0	$1.27B	$1.26B	$2.56B	$723.0M	$523.0M	$0	$0	$0
Lease obligations	—	—	$80.0M	—	$87.0M	$88.0M	—	—	—
Other long-term liabilities	$0	$293.0M	$275.0M	$261.0M	$186.0M	$162.0M	$10.87B	$2.34B	$2.96B
Total liabilities	$15.10B	$15.35B	$16.11B	$18.16B	$16.68B	$13.18B	$11.55B	$10.60B	$9.69B
Shareholders' equity
Common stock & paid-in capital	—	—	—	$4.20B	—	—	—	$274,600	$287,796
Retained earnings (deficit)	$2.20B	$2.17B	$2.17B	−$2.47B	−$2.28B	−$2.20B	−$2.16B	−$1.91B	−$1.80B
Accumulated other comprehensive income	−$213.0M	−$165.0M	−$90.0M	−$170.0M	−$184.0M	−$282.0M	−$274.0M	$78.2M	$123.6M
Minority interest	—	$176.0M	$177.0M	$171.0M	$172.0M	$173.0M	—	—	—
Total shareholders' equity	$2.44B	$2.46B	$2.51B	$2.45B	$2.34B	$2.17B	$2.19B	$2.02B	$2.32B
Key figures
Total debt	$1.69B	$1.36B	$1.36B	$2.62B	$810.0M	$611.0M	$447.0M	$397.1M	$637.9M
Net cash (debt)	$985.0M	$2.64B	$2.44B	$4.17B	$5.30B	$3.49B	$2.67B	$2.28B	$1.93B
Working capital	−$2.13B	$482.0M	−$485.0M	−$719.0M	−$1.13B	$530.0M	$10.79B	$3.04B	$3.71B
Tangible book value	$1.43B	$1.43B	$1.44B	$1.38B	$1.26B	$1.13B	$1.21B	$1.11B	$1.31B
Book value per share	$6.44	$6.50	$6.37	$6.59	$6.35	$5.94	$6.02	$5.54	$6.36
Shares outstanding	378.9M	378.0M	393.3M	371.6M	368.1M	365.4M	364.0M	364.0M	364.0M
Current ratio	0.86	1.03	0.97	0.96	0.93	1.04	16.89	1.37	1.55
Quick ratio	0.86	1.03	0.97	0.96	0.93	1.04	16.49	0.32	1.47
Debt / equity	0.69	0.55	0.54	1.07	0.35	0.28	0.20	0.20	0.28
Equity / assets	13.7%	13.7%	13.3%	11.8%	12.2%	14.0%	15.9%	16.0%	19.3%

Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported (latest annual report filed December 31, 2025); data from EODHD.

KLAR financial position

At the end of fiscal 2025 (December 31, 2025), Klarna had total assets of $18.8 billion (up 36.2% from a year earlier), total liabilities of $16.1 billion and shareholders' equity of $2.5 billion. It held $3.8 billion in cash and short-term investments against $1.4 billion of debt, a net cash position of $2.4 billion. Its current ratio was 1.07. In the latest quarter (ended June 30, 2026) total assets were $17.8 billion and equity $2.4 billion.

Related: KLAR income statement, KLAR cash flow statement, KLAR key metrics. See the KLAR stock overview for the latest quote and news.

KLAR balance sheet FAQ

What are Klarna's total assets?

Klarna reported total assets of $18.8 billion at the end of fiscal 2025 (December 31, 2025), compared with $13.8 billion a year earlier.

How much debt does Klarna have?

Klarna had $1.4 billion of total debt at the end of fiscal 2025, including short-term borrowings and lease obligations. Its debt-to-equity ratio was 0.57.

How much cash does Klarna have?

Klarna held $3.8 billion in cash and short-term investments at the end of fiscal 2025; with $1.4 billion of debt that is net cash of $2.4 billion.

What is Klarna's book value?

Klarna's shareholders' equity (book value) was $2.5 billion at the end of fiscal 2025, or $6.74 per share.

What is Klarna's current ratio?

Klarna had current assets of $15.6 billion and current liabilities of $14.6 billion, a current ratio of 1.07 (it can cover its short-term obligations).

How much goodwill does Klarna have?

Klarna carried $1.1 billion of goodwill and intangible assets, 5.7% of total assets, at the end of fiscal 2025.