Qliro AB (SE:QLIRO)
:QLIRO
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Qliro AB
(QLIRO)
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Rating:49Neutral
Price Target:
kr17.50
▼(-4.63% Downside)
Action:ReiteratedDate:02/18/26
The score is held down primarily by weak financial performance—especially the sharp deterioration in 2025 cash flow and continued losses—partly offset by constructive technical momentum (price above key moving averages with positive MACD). Valuation remains constrained due to negative earnings and no dividend data.
Positive Factors
Improved leverage
A materially lower debt-to-equity (~0.23 in 2025) reduces financial strain and interest burden, improving solvency and optionality. This stronger capital structure gives management more runway to invest in product, absorb credit losses, and pursue growth without immediate refinancing pressure.
Negative Factors
Material cash burn
Large negative operating and free cash flows in 2025 signal material cash burn, increasing reliance on external funding or asset sales. Persistent outflows undermine the company's ability to self-fund growth initiatives and raise long-term liquidity and execution risk if cash generation does not stabilize.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved leverage
A materially lower debt-to-equity (~0.23 in 2025) reduces financial strain and interest burden, improving solvency and optionality. This stronger capital structure gives management more runway to invest in product, absorb credit losses, and pursue growth without immediate refinancing pressure.
Read all positive factors
Qliro AB (QLIRO) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr566.24M
Dividend YieldN/A
Average Volume (3M)20.44K
Price to Earnings (P/E)―
Beta (1Y)0.39
Revenue Growth-11.93%
EPS Growth-821.71%
CountrySE
Employees215
SectorFinancial
Sector Strength70
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)-0.55
Shares Outstanding31,811,066
10 Day Avg. Volume15,075
30 Day Avg. Volume20,441
Financial Highlights & Ratios
PEG Ratio<0.01
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)1.26
Revenue Forecast (FY)kr581.00M
Qliro AB Business Overview & Revenue Model
Company Description
Qliro AB (QLIRO) is a leading Nordic e-commerce and payment solutions provider based in Sweden. The company primarily operates in the fintech sector, focusing on offering flexible payment solutions, including invoice payments, installment payments...
How the Company Makes Money
Qliro makes money primarily by providing payment and checkout services to e-commerce merchants and by earning income related to consumer credit products offered through its platform. Key revenue streams typically include: (1) Merchant fees for pay...
Qliro AB Financial Statement Overview
Summary
Income Statement
38
Negative
Balance Sheet
55
Neutral
Cash Flow
24
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 516.80M | 485.00M | 442.70M | 470.40M | 449.80M |
| Gross Profit | 405.50M | 229.60M | 241.00M | 294.30M | 271.70M |
| EBITDA | -87.50M | 45.50M | 48.90M | -9.30M | 45.80M |
| Net Income | -84.10M | -21.90M | 4.10M | -93.50M | -39.90M |
Balance Sheet | |||||
| Total Assets | 3.38B | 3.45B | 3.69B | 4.20B | 3.47B |
| Cash, Cash Equivalents and Short-Term Investments | 767.90M | 172.20M | 566.10M | 97.90M | 354.00M |
| Total Debt | 123.70M | 2.73B | 3.06B | 3.46B | 2.80B |
| Total Liabilities | 2.80B | 2.90B | 3.21B | 3.73B | 2.93B |
| Stockholders Equity | 576.90M | 559.20M | 480.20M | 470.50M | 548.00M |
Cash Flow | |||||
| Free Cash Flow | -476.80M | 304.60M | -792.70M | 831.60M | -89.20M |
| Operating Cash Flow | -353.10M | 436.30M | -696.00M | 923.30M | 1.10M |
| Investing Cash Flow | -123.70M | -131.70M | -96.70M | -91.60M | -90.20M |
| Financing Cash Flow | 159.30M | -3.20M | -3.10M | 11.60M | -8.20M |
Qliro AB Technical Analysis
Negative
18.35
Price Trends
18.84
Negative
18.10
Negative
19.50
Negative
Market Momentum
-0.43
Positive
40.95
Neutral
21.10
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 below the 20-day moving average (MA) of 19.08, below the 50-day MA of 18.84, and below the 200-day MA of 19.50, indicating a bearish trend. The MACD of -0.43 indicates Positive momentum. The RSI at 40.95 is Neutral, neither overbought nor oversold. The STOCH value of 21.10 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 |
|---|---|---|---|---|---|---|---|
78 Outperform | kr10.77B | 15.87 | 26.88% | ― | 15.59% | 24.31% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
62 Neutral | kr13.23B | 8.66 | 17.97% | 1.78% | 19.81% | 5.77% | |
54 Neutral | kr10.61B | 9.63 | ― | ― | 0.78% | 13.82% | |
49 Neutral | kr566.24M | -5.11 | -16.73% | ― | -11.93% | -821.71% | |
48 Neutral | kr4.95B | -3.46 | -11.59% | ― | -6.65% | 95.09% |
* Financial Sector Average
SE:QLIRO
Qliro AB
17.80
-1.55
-8.02%
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Qliro AB Corporate Events
Qliro Sharpened as Nordic Fintech Player with European Ambitions
Mar 25, 2026
Qliro, a Nordic-focused fintech, delivers a modern checkout and unified payments platform for enterprise and SME e-commerce merchants, aiming to boost conversion and upselling while managing all key payment methods in a single system. For consumer...
Qliro Launches Fully Secured Rights Issue to Bolster Capital and Fuel Growth
Mar 24, 2026
Qliro AB has launched a fully secured rights issue of approximately SEK 60 million, priced at SEK 17 per share, with the option to expand the equity raise by up to SEK 40 million via an overallotment issue if demand exceeds expectations. Existing ...
Qliro launches fully secured SEK 60m rights issue to fund Nordic growth
Mar 16, 2026
Qliro AB has launched a fully secured rights issue of about SEK 60 million at SEK 17 per share, giving existing shareholders one subscription right per share, with eight rights required for one new share. If oversubscribed, the board may add an ov...
Qliro Calls EGM to Approve Directed Overallotment Share Issue
Mar 16, 2026
Qliro AB has called an extraordinary general meeting for 10 April 2026 in Stockholm, allowing shareholders to participate either in person or via postal voting, with specific deadlines for registration, nominee re-registration, and submission of p...
Qliro Signs Over SEK 2 Billion in New Nordic Payment Volumes Early in 2026
Mar 4, 2026
Qliro has started 2026 with strong commercial traction, signing agreements in January and February that represent more than SEK 2 billion in annual total payment volume across over 100 new merchants in its Enterprise and SME segments. Approximatel...
Qliro’s Strong Q4 Growth and New Deals Underpin Nordic Expansion Drive
Feb 11, 2026
Qliro reported a strong finish to 2025, with fourth-quarter total payment volume up 46% and full-year volume rising 39%, while operating income grew modestly and credit losses fell as a share of payment volume. Despite posting a full-year loss and...
Qliro Deepens Nordic Payment Alliance with Lyko
Feb 4, 2026
Qliro is extending its multi-year enterprise agreement with beauty-focused e-commerce leader Lyko, reaffirming the Flywheel commerce strategy under which the payment provider manages Lyko’s regional payment flows, co-develops features like U...
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.