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Qliro AB
(QLIRO)
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Rating:50Neutral
Price Target:
kr12.50
▼(-31.88% Downside)
Action:Reiterated
Date:10/29/26
The score is held back primarily by weak technicals (price below major moving averages, negative MACD, very low RSI). Financial performance is improving—with lower leverage, positive operating cash flow, and narrowing losses—but profitability is still negative and free cash flow has been volatile. Valuation is also constrained by negative earnings (negative P/E) and no provided dividend yield.
Positive Factors
Improving Revenue and Operating Margin
Revenue growth, strong gross profitability, and a return to positive EBITDA indicate improving operating momentum in the core payments business. If sustained, this combination can support reinvestment, strengthen merchant economics, and create a clearer path toward durable profitability over the next several quarters.
Negative Factors
Ongoing Net and Operating Losses
Qliro has not yet converted improving revenue and positive EBITDA into positive EBIT or net income. Continued losses constrain internally generated capital, limit evidence of a fully proven business model, and leave execution risk elevated until operating improvements consistently reach the bottom line.
Read all positive and negative factors
Positive Factors
Negative Factors
Improving Revenue and Operating Margin
Revenue growth, strong gross profitability, and a return to positive EBITDA indicate improving operating momentum in the core payments business. If sustained, this combination can support reinvestment, strengthen merchant economics, and create a clearer path toward durable profitability over the next several quarters.
Read all positive factors
Qliro AB (QLIRO) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr432.51M
Dividend YieldN/A
Average Volume (3M)75.22K
Price to Earnings (P/E)―
Beta (1Y)0.36
Revenue Growth16.84%
EPS Growth83.08%
CountrySE
Employees194
SectorFinancial
Sector Strength70
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)-0.72
Shares Outstanding34,190,617
10 Day Avg. Volume129,599
30 Day Avg. Volume75,220
Financial Highlights & Ratios
PEG Ratio-0.02
Price to Book (P/B)0.75
Price to Sales (P/S)0.83
P/FCF Ratio-0.90
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)-0.14
Revenue Forecast (FY)kr490.50M
Qliro AB Business Overview & Revenue Model
Company Description
Qliro AB (publ) operates as a fintech company. The company offers payment solutions, such as complete checkout with various relevant payment options for direct payments (Pay Now) and invoicing and installments (Pay Later) in the Nordics for enterp...
Qliro AB Financial Statement Overview
Summary
Income Statement
52
Neutral
Balance Sheet
64
Positive
Cash Flow
58
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 578.00M | 516.80M | 485.00M | 442.70M | 470.40M | 449.80M |
| Gross Profit | 428.20M | 405.50M | 229.60M | 241.00M | 294.30M | 271.70M |
| EBITDA | 82.80M | -87.50M | 45.50M | 48.90M | -9.30M | 45.80M |
| Net Income | -14.40M | -84.10M | -21.90M | 4.10M | -93.50M | -39.90M |
Balance Sheet | ||||||
| Total Assets | 3.50B | 3.38B | 3.45B | 3.69B | 4.20B | 3.47B |
| Cash, Cash Equivalents and Short-Term Investments | 0.00 | 767.90M | 172.20M | 566.10M | 97.90M | 354.00M |
| Total Debt | 120.60M | 123.70M | 2.73B | 3.06B | 3.46B | 2.80B |
| Total Liabilities | 2.89B | 2.80B | 2.90B | 3.21B | 3.73B | 2.93B |
| Stockholders Equity | 609.10M | 576.90M | 559.20M | 480.20M | 470.50M | 548.00M |
Cash Flow | ||||||
| Free Cash Flow | 10.20M | -476.80M | 305.00M | -792.70M | 831.60M | -89.20M |
| Operating Cash Flow | 99.00M | -353.10M | 436.70M | -696.00M | 923.30M | 1.10M |
| Investing Cash Flow | -88.80M | -123.70M | -131.70M | -96.70M | -91.60M | -90.20M |
| Financing Cash Flow | 78.40M | 159.30M | -4.90M | -3.10M | 11.60M | -8.20M |
Qliro AB Technical Analysis
Negative
18.35
Price Trends
16.21
Negative
17.44
Negative
18.02
Negative
Market Momentum
-0.99
Positive
20.80
Positive
29.81
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:QLIRO, the sentiment is Negative. The current price of 18.35 is above the 20-day moving average (MA) of 14.67, above the 50-day MA of 16.21, and above the 200-day MA of 18.02, indicating a bearish trend. The MACD of -0.99 indicates Positive momentum. The RSI at 20.80 is Positive, neither overbought nor oversold. The STOCH value of 29.81 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for SE:QLIRO.
Qliro AB Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
72 Outperform | kr13.96B | 17.21 | 22.19% | 2.82% | 21.52% | 15.81% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
59 Neutral | kr17.13B | 11.74 | 23.22% | 1.75% | 15.77% | 61.17% | |
50 Neutral | kr432.51M | -17.50 | -2.37% | ― | 16.84% | 83.08% | |
47 Neutral | kr6.46B | -0.49 | -27.64% | 4.73% | -3.69% | -1833.79% | |
45 Neutral | kr85.93M | 4.55 | 23.56% | ― | ― | ― |
* Financial Sector Average
SE:QLIRO
Qliro AB
12.75
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Qliro AB Corporate Events
Qliro lifts volumes, returns to profit and accelerates European payment expansion
Oct 22, 2026
Qliro reported strong operational momentum for the third quarter and the first nine months of 2026, with total payment volume up 18 percent in the quarter and 27 percent year to date, and net revenue rising 21 percent in both periods. Operating ex...
Qliro Names Nomination Committee Ahead of 2027 AGM
Oct 15, 2026
Qliro AB has appointed its Nomination Committee for the 2027 Annual General Meeting in line with current instructions and Swedish law. The committee includes representatives from major shareholders Rite Ventures and Mandatum Private Equity, an ind...
Qliro Sets October Date for Q3 2026 Interim Report Presentation
Oct 8, 2026
Qliro AB has scheduled the release of its interim report for the third quarter of 2026, which will be published on 22 October at 07:30 CEST and made available on the company’s website. The fintech specialist is targeting investors, analysts ...
Qliro Names Veteran Finance Executive Hannes Wadell as New CFO
Sep 3, 2026
Qliro AB has appointed experienced finance executive Hannes Wadell as its new Chief Financial Officer, effective 3 November 2026, replacing interim CFO Christofer Zetterquist, who has held the role since October 2025. Wadell brings more than 25 ye...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.