Sebastian Siemiatkowski, CEO of Klarna, speaking at a fintech event in London on Monday, April 4, 2022.
Chris Ratcliffe | Bloomberg via Getty Images
Klarna reported significant losses in the first quarter of 2025 as the well-known buy now, pay later firm delays a much-anticipated initial public offering (IPO) in the U.S.
The Swedish financial technology company disclosed a net loss of $99 million for the first three months of the year, a marked increase from the $47 million loss recorded during the same period last year. The firm attributed this increase to several one-off expenses, including costs related to depreciation, share-based payments, and restructuring efforts.
Klarna suspended its IPO plans last month amid market volatility triggered by President Donald Trump’s extensive tariff measures. The online ticketing service StubHub also chose to halt its IPO efforts.
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