Qliro AB (SE:QLIRO)
:QLIRO
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Qliro AB
(QLIRO)
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Rating:54Neutral
Price Target:
kr19.50
▲(6.27% Upside)
Action:Reiterated
Date:05/14/26
The score is held back primarily by weak profitability and negative/volatile cash flow despite improving revenue and a strengthened balance sheet. Technicals are supportive with positive trend and momentum indicators, but valuation is unfavorable due to an extremely high P/E and no dividend yield data.
Positive Factors
Revenue Growth
Qliro shows materially higher top-line momentum: TTM revenue rose strongly (Fundamentals.RevenueGrowth ~89%), which supports scaling of payment volumes and credit flows. Sustained revenue expansion improves operating leverage potential and merchant contract leverage over the next several quarters.
Negative Factors
Loss-Making at EBIT & Net Income Level
Despite revenue gains and improving EBITDA, the company remains loss-making at EBIT and net income levels. Persistent operating losses impede retained-earnings accumulation, limit reinvestment capacity, and may require external funding if positive earnings are not achieved within the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue Growth
Qliro shows materially higher top-line momentum: TTM revenue rose strongly (Fundamentals.RevenueGrowth ~89%), which supports scaling of payment volumes and credit flows. Sustained revenue expansion improves operating leverage potential and merchant contract leverage over the next several quarters.
Read all positive factors
Qliro AB (QLIRO) vs. iShares MSCI Sweden ETF (EWD)
Market Cap
kr625.09M
Dividend YieldN/A
Average Volume (3M)20.44K
Price to Earnings (P/E)616.8
Beta (1Y)0.35
Revenue Growth0.89%
EPS Growth-32.84%
CountrySE
Employees215
SectorFinancial
Sector Strength70
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)-3.18
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)1.24
Revenue Forecast (FY)kr586.00M
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 monetizing payment transactions and the credit products offered through its checkout/payment services. Key revenue streams typically include: (1) merchant fees for using Qliro’s payment/checkout solution, which can b...
Qliro AB Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
72
Positive
Cash Flow
27
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 526.50M | 516.80M | 485.00M | 442.70M | 470.40M | 449.80M |
| Gross Profit | 385.70M | 405.50M | 229.60M | 241.00M | 294.30M | 271.70M |
| EBITDA | 5.60M | -87.50M | 45.50M | 48.90M | -9.30M | 45.80M |
| Net Income | -76.00M | -84.10M | -21.90M | 4.10M | -93.50M | -39.90M |
Balance Sheet | ||||||
| Total Assets | 3.17B | 3.38B | 3.45B | 3.69B | 4.20B | 3.47B |
| Cash, Cash Equivalents and Short-Term Investments | 646.10M | 767.90M | 172.20M | 566.10M | 97.90M | 354.00M |
| Total Debt | 66.70M | 123.70M | 2.73B | 3.06B | 3.46B | 2.80B |
| Total Liabilities | 2.60B | 2.80B | 2.90B | 3.21B | 3.73B | 2.93B |
| Stockholders Equity | 573.80M | 576.90M | 559.20M | 480.20M | 470.50M | 548.00M |
Cash Flow | ||||||
| Free Cash Flow | -135.20M | -476.80M | 304.60M | -792.70M | 831.60M | -89.20M |
| Operating Cash Flow | -54.90M | -353.10M | 436.30M | -696.00M | 923.30M | 1.10M |
| Investing Cash Flow | -113.50M | -123.70M | -131.70M | -96.70M | -91.60M | -90.20M |
| Financing Cash Flow | 98.60M | 159.30M | -3.20M | -3.10M | 11.60M | -8.20M |
Qliro AB Technical Analysis
Positive
18.35
Price Trends
18.55
Positive
18.33
Positive
18.78
Positive
Market Momentum
0.36
Negative
61.62
Neutral
89.81
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For SE:QLIRO, the sentiment is Positive. The current price of 18.35 is above the 20-day moving average (MA) of 18.23, below the 50-day MA of 18.55, and below the 200-day MA of 18.78, indicating a bullish trend. The MACD of 0.36 indicates Negative momentum. The RSI at 61.62 is Neutral, neither overbought nor oversold. The STOCH value of 89.81 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive 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 | kr14.60B | 9.60 | 17.97% | 1.78% | 6.42% | 23.06% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
59 Neutral | kr10.55B | 8.83 | ― | ― | -5.99% | 1.10% | |
54 Neutral | kr625.09M | 616.79 | -16.73% | ― | 0.89% | -32.84% | |
40 Underperform | kr2.66B | -3.27 | -11.59% | ― | -4.01% | 50.66% |
* Financial Sector Average
SE:QLIRO
Qliro AB
19.65
0.54
2.83%
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Qliro AB Corporate Events
Qliro Returns to Profit as Volumes Surge and Nordic Expansion Accelerates
May 6, 2026
Qliro reported a strong first quarter of 2026, achieving a return to profitability on the back of accelerating growth in payment volumes and net revenue. Total payment volume jumped 38% to SEK 4.53 billion and net revenue rose 19% to SEK 120.6 mil...
Qliro Increases Share Capital After Rights and Overallotment Issues
Apr 30, 2026
Qliro AB has expanded its share capital following a previously decided rights issue and a directed overallotment issue, both authorized by shareholder resolutions at earlier annual and extraordinary general meetings. As a result of these transacti...
Qliro to Present Q1 2026 Interim Report in Investor Webcast
Apr 29, 2026
Qliro AB, a Stockholm-based fintech and credit market company listed on Nasdaq Stockholm, provides payment solutions designed to help merchants turn each transaction into increased sales, customer loyalty, and long-term profitability. The group op...
Qliro calls 2026 AGM, sets agenda after completed rights issue
Apr 22, 2026
Qliro AB has convened its 2026 Annual General Meeting for 25 May in Stockholm, allowing shareholders to participate either in person or via postal voting in line with its articles of association. The notice sets record and notification dates, outl...
Qliro Raises SEK 101 Million in Oversubscribed Rights and Overallotment Issues
Apr 15, 2026
Qliro has completed an oversubscribed rights issue, raising approximately SEK 60 million before costs through the issue of up to 3,541,244 new shares, of which about 77 percent were taken up with subscription rights. Strong demand, including subsc...
Qliro’s Oversubscribed Rights Issue Poised to Raise Up to SEK 100 Million
Apr 14, 2026
Qliro AB has reported a strong preliminary outcome for its recently completed rights issue of up to 3,541,244 shares, with total subscriptions reaching about 189 percent of the offering, indicating the issue is significantly oversubscribed. The tr...
Qliro EGM Backs Overallotment Share Issue to Support Ongoing Rights Offering
Apr 10, 2026
Qliro AB’s extraordinary general meeting on 10 April 2026 approved the board’s decision to carry out an overallotment issue of up to 2,372,872 shares, corresponding to a maximum share capital increase of SEK 6,644,041.60. The new share...
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...
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.