Sebastian Siemiatkowski, the big boss over at Klarna, was talking at some fintech shindig in London on Monday, April 4, 2022. The CEO of the popular buy now, pay later firm had some not-so-great news to spill. Klarna’s losses took a big leap in the first quarter, and they’re slamming the brakes on their much-hyped U.S. IPO.
The Swedish payments startup revealed a whopping net loss of $99 million for the first three months of 2025. That’s a big jump from the $47 million loss they had this time last year. Klarna blamed this mess on a bunch of one-off costs like depreciation, share-based payments, and restructuring. Revenue did go up by 13% to $701 million, though, so it’s not all doom and gloom. The company now boasts 100 million active users and 724,000 merchant partners across the globe.
But hold your horses, folks. Klarna isn’t rushing into that IPO just yet. They hit pause on their plans last month due to some market craziness caused by President Donald Trump’s tariff drama. Even StubHub decided to cool their heels on their IPO dreams. Before the delay, Klarna was all about AI, teaming up with OpenAI to create some fancy customer service bot. The company even managed to cut their workforce by 40% thanks to their AI investments. So, who knows what’s next for Klarna in this wild ride of a fintech world.
