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Qliro AB
(QLIRO)
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Rating:53Neutral
Price Target:
kr16.00
▼(-12.81% Downside)
Action:Reiterated
Date:07/21/26
The score is primarily held back by financial performance: despite improving revenue and a return to positive cash flow, profitability remains negative and historical cash flow volatility plus meaningful absolute debt add risk. Technicals provide moderate support with the stock trading slightly above key moving averages and neutral-to-positive momentum. Valuation is constrained by negative earnings and no dividend yield data.
Positive Factors
Revenue and Gross Margin
Steady revenue growth alongside a strong gross margin indicates that Qliro’s e-commerce payment offering retains meaningful economic value. If this combination persists, it can support reinvestment in checkout capabilities, merchant relationships, and scalable payment infrastructure.
Negative Factors
Persistent Net Losses
Qliro remains loss-making despite improving from deeper losses, showing that strong gross profitability has not yet translated into sustainable bottom-line earnings. Continued operating losses can restrict internally funded growth and make the business more sensitive to execution or credit-performance setbacks.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and Gross Margin
Steady revenue growth alongside a strong gross margin indicates that Qliro’s e-commerce payment offering retains meaningful economic value. If this combination persists, it can support reinvestment in checkout capabilities, merchant relationships, and scalable payment infrastructure.
Read all positive factors
Qliro AB (QLIRO) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr541.92M
Dividend YieldN/A
Average Volume (3M)40.80K
Price to Earnings (P/E)―
Beta (1Y)0.24
Revenue Growth12.07%
EPS Growth47.22%
CountrySE
Employees189
SectorFinancial
Sector Strength70
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)-2.01
Shares Outstanding34,190,617
10 Day Avg. Volume37,879
30 Day Avg. Volume40,798
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)0.81
Revenue Forecast (FY)kr533.98M
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...
How the Company Makes Money
Qliro makes money primarily by facilitating e-commerce payments between consumers and merchants and charging for that service. Key revenue streams typically include: (1) Merchant fees for payment processing and use of Qliro’s checkout/payment meth...
Qliro AB Financial Statement Overview
Summary
Income Statement
44
Neutral
Balance Sheet
58
Neutral
Cash Flow
52
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 550.50M | 516.80M | 485.00M | 442.70M | 470.40M | 449.80M |
| Gross Profit | 411.10M | 405.50M | 229.60M | 241.00M | 294.30M | 271.70M |
| EBITDA | 38.00M | -87.50M | 45.50M | 48.90M | -9.30M | 45.80M |
| Net Income | -51.20M | -84.10M | -21.90M | 4.10M | -93.50M | -39.90M |
Balance Sheet | ||||||
| Total Assets | 3.32B | 3.38B | 3.45B | 3.69B | 4.20B | 3.47B |
| Cash, Cash Equivalents and Short-Term Investments | 547.20M | 767.90M | 172.20M | 566.10M | 97.90M | 354.00M |
| Total Debt | 2.39B | 123.70M | 2.73B | 3.06B | 3.46B | 2.80B |
| Total Liabilities | 2.65B | 2.80B | 2.90B | 3.21B | 3.73B | 2.93B |
| Stockholders Equity | 665.60M | 576.90M | 559.20M | 480.20M | 470.50M | 548.00M |
Cash Flow | ||||||
| Free Cash Flow | 43.90M | -476.80M | 305.00M | -792.70M | 831.60M | -89.20M |
| Operating Cash Flow | 111.80M | -353.10M | 436.70M | -696.00M | 923.30M | 1.10M |
| Investing Cash Flow | -101.10M | -123.70M | -131.70M | -96.70M | -91.60M | -90.20M |
| Financing Cash Flow | 192.50M | 159.30M | -4.90M | -3.10M | 11.60M | -8.20M |
Qliro AB Technical Analysis
Negative
18.35
Price Trends
17.48
Negative
18.23
Negative
18.25
Negative
Market Momentum
-0.49
Positive
21.69
Positive
18.47
Positive
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 16.67, above the 50-day MA of 17.48, and above the 200-day MA of 18.25, indicating a bearish trend. The MACD of -0.49 indicates Positive momentum. The RSI at 21.69 is Positive, neither overbought nor oversold. The STOCH value of 18.47 is Positive, 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 |
|---|---|---|---|---|---|---|---|
75 Outperform | kr12.79B | 17.21 | 22.19% | 3.04% | 17.46% | 13.75% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
66 Neutral | kr17.44B | 12.90 | 22.14% | 1.64% | 12.14% | 55.77% | |
53 Neutral | kr541.92M | -7.77 | -8.50% | ― | 12.07% | 47.22% | |
50 Neutral | kr9.45B | -0.93 | -15.95% | 4.73% | -2.84% | -7.20% | |
49 Neutral | kr87.36M | 3.52 | 31.02% | ― | ― | ― |
* Financial Sector Average
SE:QLIRO
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Qliro AB Corporate Events
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...
Qliro Returns to Profit on Rising Volumes and Strategic Nordic BNPL Expansion
Jul 17, 2026
Qliro reported strong operational momentum in the first half of 2026, with total payment volume up 32 percent and net revenue up 21 percent compared with the prior year. The company returned to a small operating profit for both the quarter and the...
Qliro deepens vehicle segment ties with Skruvat, Bythjul and Däckskiftarna
Jul 16, 2026
Qliro has extended enterprise agreements with Skruvat and Bythjul, two major Nordic online merchants in car parts and vehicle accessories, and signed a new deal with their affiliated company Däckskiftarna. The move deepens Qliro’s footp...
Qliro Issues New Shares Under Incentive Program, Modestly Expanding Capital Base
Jul 16, 2026
Qliro AB has increased its total number of shares and votes by 53,455 through a share issue connected to its STIP 2025 incentive program, as approved at the company’s Annual General Meeting in late May. Following this transaction, the compan...
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.