Qliro AB (QLIRO) AI Stock Analysis

Qliro AB

(Nasdaq OMX AB:QLIRO)

Select Model

Rating:52.4Neutral

Price Target:SEK 13.00▲(5.69% Upside)

Action:reiterated

Date:10/29/26

The score is primarily supported by substantial balance-sheet improvement, positive EBITDA, and positive operating cash flow. These strengths are offset by continuing net losses, weak free cash flow, bearish technical momentum, and an unattractive negative P/E ratio.

Positive Factors

Improving Revenue and Operating MarginRevenue 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 LossesQliro 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.

Qliro AB (QLIRO) vs. iShares MSCI Sweden ETF (EWD)

Market Cap: SEK 434.22M
Dividend Yield: ―
Average Volume (3M): 57.50K
Price to Earnings (P/E): -17.0
Beta (1Y): 0.35
Revenue Growth: 16.84%
EPS Growth: 83.08%
Country: Sweden
Employees: 194
Sector: Financial
Sector Strength: 68
Industry: Financial - Credit Services

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 enterpris...

Qliro AB Financial Statement Overview

Summary

Financial recovery is supported by a stronger balance sheet, low debt-to-equity of 0.20, positive EBITDA, and positive operating cash flow. However, net income remains negative and free cash flow is weak and volatile.

Income Statement

55Neutral

Balance Sheet

78Positive

Cash Flow

48Neutral

Financial statement breakdown
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	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

Technical Analysis SentimentNegative

Last Price12.30

Price Trends

50DMA15.99Negative

100DMA17.31Negative

200DMA17.97Negative

Market Momentum

MACD-1.01Positive

RSI22.51Positive

STOCH30.77Neutral

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 12.30 is below the 20-day moving average (MA) of 14.35, below the 50-day MA of 15.99, and below the 200-day MA of 17.97, indicating a bearish trend. The MACD of -1.01 indicates Positive momentum. The RSI at 22.51 is Positive, neither overbought nor oversold. The STOCH value of 30.77 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

Overall Rating

UnderperformOutperform

Sector (68)

Financial Indicators

SE:QLIRO against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
SE:AVARDA	83Outperform	SEK 13.93B	17.21	22.19%	2.81%	21.52%	15.81%
Sector *	68Neutral	$18.00B	11.42	9.92%	3.81%	9.73%	1.22%
SE:HOFI	60Neutral	SEK 16.89B	11.58	23.22%	1.70%	15.77%	61.17%
SE:QLIRO	52Neutral	SEK 434.22M	-17.02	-2.37%	―	16.84%	83.08%
SE:INTRUM	40Underperform	SEK 6.36B	-0.47	-27.64%	―	-3.69%	-1833.79%
SE:YIELD	39Underperform	SEK 90.23M	4.45	23.56%	―	―	―

* Financial Sector Average

Performance Comparison

SE:QLIRO and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
SE:QLIRO	Qliro AB	12.30	-5.97	-32.67%
SE:HOFI	Hoist Finance AB	192.30	97.65	103.17%
SE:INTRUM	Intrum Justitia AB	1.95	-6.32	-76.44%
SE:YIELD	SaveLend Group AB	1.47	-0.49	-25.00%
SE:MORROW	Komplett Bank ASA	15.52	1.37	9.70%
SE:AVARDA	TF Bank AB	217.00	42.44	24.31%

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 expen...

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 indivi...

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 and...

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 years...

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.

Date of analysis: Oct 29, 2026

Qliro AB AI Stock Analysis