Sebastian Siemiatkowski, CEO and Co-Founder of Swedish fintech Klarna, gives a thumbs up during the company’s IPO at the New York Stock Exchange in New York City, U.S., Sept. 10, 2025.
Klarna topped Wall Street third-quarter revenue expectations in its first earnings report after debuting on the New York Stock Exchange in September.
Here's how the company performed compared to LSEG estimates
Revenues: $903 million vs. $882 million expected
Revenues grew 26% from $706 million in the year-ago period. The company reported a net loss of $95 million, a drop from a year ago when it had net income of $12 million.
The buy now, pay later firm said it's getting a boost from outsized U.S. growth, where gross merchandise volume grew 43% from a year ago. Gross merchandise volume, which measures merchandise sold, rose 25% to $32.7 billion from $26.2 billion last year.
The adoption of features such as the Klarna Card and fair financing, which offer longer installment options for bigger purchases, contributed to U.S. gains. The feature offers varying interest rates and saw gross merchandise volume more than triple from a year ago.
Since its July launch, the fintech firm said its Klarna Card has reached more than four million customers and accounted for 15% of transactions by October.