Klarna Group plc (KLAR) Key Metrics
KLAR valuation today
Trailing 12 months · as of October 18, 2026- Market cap
- $4.94B
- Enterprise value
- $2.27B
- P/E (TTM)
- —
- Forward P/E
- 15.0
- PEG ratio
- 0.08
- Price / sales
- 1.2
- Price / book
- 2.0
- EV / EBITDA
- 3.3
- Dividend yield
- —
- Beta
- —
KLAR key metrics, 2016–2025
Fiscal year ended December 31, 2025 · U.S. dollarsKLAR returns How much profit the business earns on the capital it uses.
Return on equity−12.9 pts
−12.8%
2025 · hover or tap a bar for each year
20162025
Return on assets−1.8 pts
−1.8%
2025 · hover or tap a bar for each year
20162025
Free cash flow margin−49.8 pts
−29.5%
2025 · hover or tap a bar for each year
20162025
Asset turnover+11.2%
0.22
2025 · hover or tap a bar for each year
20162025
KLAR per-share figures Results divided by the shares outstanding at year-end.
Revenue per share+28.9%
$9.43
2025 · hover or tap a bar for each year
20162025
Earnings per share
−$0.79
2025 · hover or tap a bar for each year
20162025
Free cash flow per share
−$2.78
2025 · hover or tap a bar for each year
20162025
Book value per share+17.7%
$6.74
2025 · hover or tap a bar for each year
20162025
Shares outstanding+2.1%
372.2M
2025 · hover or tap a bar for each year
20162025
KLAR financial health Debt, liquidity and how easily interest is covered.
Debt / equity+50.0%
0.57
2025 · hover or tap a bar for each year
20162025
Net debt+$422.0M
−$2.38B
2025 · hover or tap a bar for each year
20162025
Net debt / EBITDA+2.24
−4.31
2025 · hover or tap a bar for each year
20162025
Current ratio−11.5%
1.07
2025 · hover or tap a bar for each year
20162025
Interest coverage
0.7
2025 · hover or tap a bar for each year
20162025
Debt / assets+32.4%
0.08
2025 · hover or tap a bar for each year
20162025
KLAR efficiency & capital use Working capital cycle and where the cash goes.
Days sales outstanding−124 days
1,006 days
2025 · hover or tap a bar for each year
20162025
Days payables outstanding−530 days
303 days
2025 · hover or tap a bar for each year
20162025
Cash conversion cycle+406 days
703 days
2025 · hover or tap a bar for each year
20162025
Capex / revenue−1.6 pts
0.1%
2025 · hover or tap a bar for each year
20162025
KLAR valuation history
Fiscal year-endToday10-year median
KLAR returns on capital
ROEROICROA
Net income (ROE, ROA) or after-tax operating income (ROIC) divided by the average of the opening and closing balance.
KLAR debt vs cash
Total debtCash & short-term investments
Debt includes short- and long-term borrowings and, where reported, lease liabilities.
KLAR price vs earnings per share
Share price at year-endEPS (right axis)
KLAR key metrics
2016–2025| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Valuation | ||||||||||
| Market capitalization | $10.76B | — | — | — | — | — | — | — | — | — |
| Enterprise value | $8.38B | — | — | — | — | — | — | — | — | — |
| Price / sales | 3.1 | — | — | — | — | — | — | — | — | — |
| Price / book | 4.3 | — | — | — | — | — | — | — | — | — |
| EV / sales | 2.4 | — | — | — | — | — | — | — | — | — |
| EV / EBITDA | 15.2 | — | — | — | — | — | — | — | — | — |
| Earnings yield | −2.7% | — | — | — | — | — | — | — | — | — |
| Free cash flow yield | −9.6% | — | — | — | — | — | — | — | — | — |
| Share price at fiscal year-end | $28.91 | — | — | — | — | — | — | — | — | — |
| Per share | ||||||||||
| Revenue per share | $9.43 | $7.32 | $6.08 | $5.63 | — | — | — | — | — | — |
| Earnings per share | −$0.79 | $0.01 | −$0.69 | −$3.09 | — | — | — | — | — | — |
| Operating cash flow per share | −$2.77 | $1.61 | $2.23 | $1.00 | — | — | — | — | — | — |
| Free cash flow per share | −$2.78 | $1.49 | $2.00 | $0.69 | — | — | — | — | — | — |
| Cash per share | $10.22 | $9.85 | $6.60 | $7.66 | — | — | — | — | — | — |
| Book value per share | $6.74 | $5.72 | $6.05 | $6.90 | — | — | — | — | — | — |
| Tangible book value per share | $3.87 | $3.01 | $2.74 | $3.91 | — | — | — | — | — | — |
| Capex per share | $0.01 | $0.12 | $0.23 | $0.31 | — | — | — | — | — | — |
| Debt per share | $3.83 | $2.17 | $1.30 | $1.90 | — | — | — | — | — | — |
| Shares outstanding | 372.2M | 364.4M | 362.1M | 335.6M | — | — | — | — | — | — |
| Change in shares outstanding | +2.1% | +0.6% | +7.9% | — | — | — | — | — | — | — |
| Returns & profitability | ||||||||||
| Return on equity (ROE) | −12.8% | 0.1% | −11.0% | −41.4% | −35.0% | −11.2% | −11.8% | 2.2% | 10.2% | 4.1% |
| Return on invested capital (ROIC) | — | — | −77.9% | −100.2% | −44.0% | −8.5% | −6.7% | 1.8% | 9.0% | 3.9% |
| Return on assets (ROA) | −1.8% | 0.0% | −1.9% | −8.7% | −8.0% | −2.6% | −2.5% | 0.4% | 2.3% | 0.9% |
| Return on tangible assets | −1.7% | 0.0% | −2.0% | −9.4% | −6.9% | −2.1% | −2.3% | 0.4% | 2.0% | 1.0% |
| Free cash flow margin | −29.5% | 20.3% | 32.8% | 12.2% | −24.2% | 14.3% | −108.6% | 11.2% | −58.5% | 11.5% |
| Income quality (OCF / net income) | — | 195.67 | — | — | — | — | — | 7.03 | −7.54 | 3.83 |
| Financial health | ||||||||||
| Total debt | $1.43B | $791.0M | $472.0M | $637.9M | $1.28B | $967.6M | $1.26B | $452.7M | $327.8M | $115.5M |
| Cash & short-term investments | $3.80B | $3.59B | $2.39B | $2.57B | $2.83B | $1.24B | $279.5M | $348.0M | $225.2M | $103.4M |
| Net debt | −$2.38B | −$2.80B | −$1.92B | −$1.93B | −$1.54B | −$276.4M | $976.5M | $104.7M | $102.6M | $12.1M |
| Debt / equity | 0.57 | 0.38 | 0.22 | 0.28 | 0.48 | 0.56 | 1.23 | 0.84 | 0.63 | 0.38 |
| Debt / assets | 0.08 | 0.06 | 0.03 | 0.05 | 0.11 | 0.13 | 0.29 | 0.14 | 0.14 | 0.09 |
| Net debt / EBITDA | −4.31 | −6.56 | −15.23 | — | — | — | — | 1.70 | 1.07 | 0.33 |
| 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 | 1.21 | 1.13 | 1.55 | 1.87 | 1.81 | 1.86 | 2.05 | 2.17 | 2.12 |
| Interest coverage | 0.7 | -0.2 | -1.1 | -6.7 | — | — | — | — | — | — |
| Working capital | $1.05B | $1.96B | $1.33B | $3.71B | $4.93B | $3.05B | $1.71B | $1.51B | $1.13B | $627.0M |
| Invested capital | $130.0M | −$713.0M | $273.0M | $382.3M | $1.16B | $1.46B | $2.00B | $644.4M | $619.6M | $318.6M |
| Tangible asset value | $1.62B | $1.27B | $997.0M | $1.32B | $2.10B | $1.53B | $844.6M | $358.2M | $323.9M | $192.7M |
| Net current asset value | −$485.0M | −$337.0M | −$93.0M | $746.5M | $1.49B | $1.04B | $470.0M | $301.1M | $287.3M | $165.0M |
| Graham number | — | $1.03 | — | — | — | — | — | — | — | — |
| Graham net-net per share | −$9.25 | −$6.35 | −$6.66 | −$4.91 | — | — | — | — | — | — |
| Capital allocation | ||||||||||
| Capex / revenue | 0.1% | 1.7% | 3.9% | 5.6% | 1.7% | 0.6% | 2.3% | 0.9% | 0.7% | 0.7% |
| Capex / operating cash flow | — | 7.7% | 10.5% | 31.2% | — | 3.9% | — | 7.4% | — | 5.7% |
| Capex / depreciation | 0.02 | 0.24 | 0.37 | 0.65 | 0.33 | 0.16 | 0.62 | 0.38 | 0.26 | 0.22 |
| Stock-based compensation / revenue | 4.5% | 3.4% | 2.0% | 3.0% | 3.6% | 0.8% | 0.1% | 0.1% | −0.0% | 0.6% |
| R&D / revenue | 13.8% | 16.6% | 17.7% | 22.8% | — | 1.2% | 1.3% | 1.3% | 1.7% | 1.8% |
| SG&A / revenue | 20.5% | 22.8% | 29.6% | 45.1% | 103.4% | 79.2% | 76.5% | 72.4% | 65.3% | 72.8% |
| Efficiency | ||||||||||
| Days sales outstanding | 1,006.0 | 1,130.4 | 1,351.0 | 1,410.7 | — | — | — | — | — | — |
| Days payables outstanding | 302.7 | 833.2 | 496.1 | 13.4 | 15.2 | 21.9 | 13.8 | 29.9 | 51.6 | 45.6 |
| Cash conversion cycle (days) | 703.3 | 297.3 | 854.9 | 1,397.3 | — | — | — | — | — | — |
| Receivables turnover | 0.36 | 0.32 | 0.27 | 0.26 | — | — | — | — | — | — |
| Payables turnover | 1.21 | 0.44 | 0.74 | 27.22 | 24.07 | 16.69 | 26.41 | 12.21 | 7.08 | 8.01 |
| Asset turnover | 0.22 | 0.19 | 0.17 | 0.16 | 0.17 | 0.23 | 0.23 | 0.25 | 0.30 | 0.29 |
| Average receivables | $9.67B | $8.26B | $8.15B | $7.30B | — | — | — | — | — | — |
| Average payables | $1.33B | $1.36B | $735.3M | $19.1M | $24.7M | $22.6M | $9.5M | $9.6M | $12.2M | $7.9M |
| Intangibles / total assets | 5.7% | 7.2% | 8.7% | 8.3% | 5.2% | 2.9% | 4.4% | 5.9% | 8.3% | 8.6% |
Computed from KLAR's annual financial statements (latest annual report filed December 31, 2025) and the closing share price on each fiscal year-end, adjusted for stock splits. Figures in U.S. dollars; data from EODHD. Averages use the opening and closing balance of each year.
KLAR valuation and financial ratios
Klarna earned a return on equity of −12.8% in fiscal 2025. It ended the year with $1.4 billion of debt and $3.8 billion in cash and short-term investments, a net cash position of $2.4 billion.
See the KLAR income statement, the KLAR chart for price history, or the KLAR stock overview for the latest quote and news.
KLAR key metrics FAQ
What is Klarna's EV/EBITDA?
Klarna's enterprise value was 15.2 times EBITDA at the end of fiscal 2025 (enterprise value $8.4 billion, EBITDA $551.0 million); the current EV/EBITDA is 3.3.
What is Klarna's return on equity?
Klarna's return on equity (ROE) was −12.8% in fiscal 2025: net income of -$294.0 million on average shareholders' equity of $2.3 billion.
How much debt does Klarna have?
Klarna had total debt of $1.4 billion at the end of fiscal 2025, a debt-to-equity ratio of 0.57 and more cash than debt.
What is Klarna's free cash flow yield?
Klarna generated -$1.0 billion of free cash flow in fiscal 2025, a free cash flow yield of −9.6% on its market value at year-end ($10.8 billion).
What is Klarna's current ratio?
Klarna's current ratio was 1.07 at the end of fiscal 2025: current assets were 1.07 times current liabilities.