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Bullish vs Klarna: revenue, profit, margins and growth compared

Bullish brought in $244.8B of revenue in fiscal 2025, Klarna $3.5B in fiscal 2025. Revenue changed by -2.2% at Bullish and +24.8% at Klarna on the year before, so Klarna grew faster. Bullish kept -0.3% of its revenue as net profit, Klarna -7.8%. Free cash flow was $18.7M at Bullish and -$1B at Klarna.

Side by side, latest fiscal year

BLSHKLAR
Fiscal year endedFY2025 (December 31, 2025)FY2025 (December 31, 2025)
Revenue$244.8B$3.5B
Revenue growth-2.2%+24.8%
Net income-$764.7M-$273M
Net margin-0.3%-7.8%
Free cash flow$18.7M-$1B
Free cash flow margin0.0%-29.5%
Earnings per share (diluted)-$5.99-$0.79
Cash$87.9M$3.8B
Debtn/an/a
Price to earningsn/an/a
Market value$6B$9B
Dividend yieldn/an/a
Rank by revenue in sector#2 of 444 · Finance#113 of 444 · Finance

Over the years

Revenue
BLSH FY2023: $116.5BBLSH FY2025: $250.2BBLSH FY2025: $244.8BKLAR FY2023: $2.3BKLAR FY2025: $2.8BKLAR FY2025: $3.5BFY23FY25
BLSH $244.8BKLAR $3.5B
Net income
BLSH FY2023: $1.3BBLSH FY2025: $78.5MBLSH FY2025: -$764.7MKLAR FY2023: -$244MKLAR FY2025: $21MKLAR FY2025: -$273MFY23FY25
BLSH -$764.7MKLAR -$273M
Net margin
BLSH FY2023: 1.1%BLSH FY2025: 0.0%BLSH FY2025: -0.3%KLAR FY2023: -10.7%KLAR FY2025: 0.7%KLAR FY2025: -7.8%FY23FY25
BLSH -0.3%KLAR -7.8%
Free cash flow
BLSH FY2023: -$127.6MBLSH FY2025: -$30.4MBLSH FY2025: $18.7MKLAR FY2023: $807MKLAR FY2025: $586MKLAR FY2025: -$1BFY23FY25
BLSH $18.7MKLAR -$1B

Fiscal years as each company reports them; the two may end in different months.

Questions about Bullish and Klarna

Which is bigger by revenue, Bullish or Klarna?

Bullish is bigger by revenue: $244.8B in fiscal 2025, against $3.5B for Klarna in fiscal 2025.

Which keeps more of its revenue as profit, Bullish or Klarna?

Bullish had a net margin of -0.3% in fiscal 2025; Klarna had -7.8% in fiscal 2025.

Which grew revenue faster, Bullish or Klarna?

In their latest fiscal years revenue changed by -2.2% at Bullish and +24.8% at Klarna.

Where do these numbers come from?

From the annual reports each company files with the SEC (10-K, or 20-F and 40-F for foreign companies), read from their XBRL data. Margins and growth are simple arithmetic on those figures. Nothing here is a recommendation.

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