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Klaviyo (KVYO) Financials

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$13.21 -0.25 (-1.83%)
Closing price 03:59 PM Eastern
Extended Trading
$13.24 +0.03 (+0.20%)
As of 07:38 PM Eastern
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Annual Income Statements for Klaviyo

Annual Income Statements for Klaviyo

This table shows Klaviyo's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric 2021 2022 2023 2024 2025
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Income / (Loss) Attributable to Common Shareholders		 -79 -49 -308 -46 -32
Consolidated Net Income / (Loss)		 -79 -49 -308 -46 -32
Net Income / (Loss) Continuing Operations		 -79 -49 -308 -46 -32
Total Pre-Tax Income 		-79 -49 -307 -44 -31
Total Operating Income		 -79 -55 -331 -84 -68
Total Gross Profit		 206 345 520 716 921
Total Revenue		 291 473 698 937 1,234
Operating Revenue		 291 473 698 937 1,234
Total Cost of Revenue		 85 128 178 221 313
Operating Cost of Revenue		 85 128 178 221 313
Total Operating Expenses		 285 400 851 800 989
Selling, General & Admin Expense		 63 82 194 158 192
Marketing Expense		 156 214 394 404 506
Research & Development Expense		 66 104 262 238 291
Total Other Income / (Expense), net		 0.16 5.93 24 40 37
Interest & Investment Income		 0.14 5.54 24 40 39
Other Income / (Expense), net		 0.03 0.39 -0.47 0.82 -2.16
Income Tax Expense		 0.32 0.08 1.19 2.46 1.25
Basic Earnings per Share		 ($0.36) ($0.21) ($1.27) ($0.17) ($0.11)
Weighted Average Basic Shares Outstanding		 220.87M 229.86M 242.89M 266.34M 290.90M
Diluted Earnings per Share		 ($0.36) ($0.21) ($1.27) ($0.17) ($0.11)
Weighted Average Diluted Shares Outstanding		 220.87M 229.86M 242.89M 266.34M 290.90M
Weighted Average Basic & Diluted Shares Outstanding		 - - 261.23M 273.12M 304.77M

Quarterly Income Statements for Klaviyo

This table shows Klaviyo's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Income / (Loss) Attributable to Common Shareholders		 -297 -26 -13 -4.94 -1.35 -27 -14 -24 -0.43 7.03 9.04
Consolidated Net Income / (Loss)		 -297 -26 -13 -4.94 -1.35 -27 -14 -24 -0.43 7.03 9.04
Net Income / (Loss) Continuing Operations		 -297 -26 -13 -4.94 -1.35 -27 -14 -24 -0.43 7.03 9.04
Total Pre-Tax Income 		-296 -27 -12 -4.08 -2.55 -25 -15 -22 -0.61 7.73 11
Total Operating Income		 -302 -36 -22 -14 -13 -35 -24 -31 -11 -1.85 1.75
Total Gross Profit		 117 157 165 172 181 198 212 222 235 253 269
Total Revenue		 176 202 210 222 235 270 280 293 311 350 358
Operating Revenue		 176 202 210 222 235 270 280 293 311 350 358
Total Cost of Revenue		 59 45 45 50 54 72 68 71 76 97 89
Operating Cost of Revenue		 59 45 45 50 54 72 68 71 76 97 89
Total Operating Expenses		 419 193 187 186 194 233 236 253 246 255 267
Selling, General & Admin Expense		 110 38 39 36 38 44 43 54 45 49 53
Marketing Expense		 168 103 92 95 100 118 124 127 128 128 134
Research & Development Expense		 141 53 56 56 56 71 69 72 73 77 80
Total Other Income / (Expense), net		 5.92 9.44 9.61 9.97 11 10 8.60 8.85 10 9.58 8.98
Interest & Investment Income		 6.18 9.57 9.55 9.98 11 9.55 9.26 9.74 10 10 9.41
Other Income / (Expense), net		 -0.27 -0.13 0.07 -0.01 0.23 0.53 -0.66 -0.90 -0.09 -0.51 -0.44
Income Tax Expense		 0.82 -0.59 0.40 0.86 -1.20 2.40 -1.07 1.80 -0.19 0.70 1.68
Basic Earnings per Share		 ($1.24) ($0.10) ($0.05) ($0.02) ($0.01) ($0.09) ($0.05) ($0.09) $0.00 $0.03 $0.03
Weighted Average Basic Shares Outstanding		 240.13M 242.89M 261.33M 265.29M 267.85M 266.34M 274.20M 284.93M 300.83M 290.90M 304.34M
Diluted Earnings per Share		 ($1.24) ($0.09) ($0.05) ($0.02) ($0.01) ($0.09) ($0.05) ($0.09) $0.00 $0.03 $0.03
Weighted Average Diluted Shares Outstanding		 240.13M 242.89M 261.33M 265.29M 267.85M 266.34M 274.20M 284.93M 300.83M 290.90M 305.80M
Weighted Average Basic & Diluted Shares Outstanding		 - 261.23M 264.56M 266.67M 269.63M 273.12M 276.00M 299.98M 301.95M 304.77M 299.28M

Annual Cash Flow Statements for Klaviyo

This table details how cash moves in and out of Klaviyo's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric 2021 2022 2023 2024 2025
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Net Change in Cash & Equivalents		 174 59 353 143 183
Net Cash From Operating Activities		 -23 -24 119 166 218
Net Cash From Continuing Operating Activities		 -23 -24 119 166 218
Net Income / (Loss) Continuing Operations		 -79 -49 -308 -46 -32
Consolidated Net Income / (Loss)		 -79 -49 -308 -46 -32
Depreciation Expense		 5.27 9.04 14 18 19
Amortization Expense		 3.36 33 69 73 83
Non-Cash Adjustments To Reconcile Net Income		 46 19 354 149 189
Changes in Operating Assets and Liabilities, net		 1.79 -35 -9.15 -27 -41
Net Cash From Investing Activities		 -14 -19 -9.36 -17 -30
Net Cash From Continuing Investing Activities		 -14 -19 -9.36 -17 -30
Purchase of Property, Plant & Equipment		 -14 -18 -9.36 -17 -28
Acquisitions		 -0.22 -0.50 0.00 0.00 -2.03
Net Cash From Financing Activities		 211 101 243 -5.80 -4.49
Net Cash From Continuing Financing Activities		 211 101 243 -5.80 -4.49
Issuance of Common Equity		 352 101 324 18 13
Other Financing Activities, net		 -0.02 0.02 -82 -24 -18
Cash Income Taxes Paid		 0.07 0.20 0.28 4.69 6.54

Quarterly Cash Flow Statements for Klaviyo

This table details how cash moves in and out of Klaviyo's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
Net Change in Cash & Equivalents		 285 15 17 38 33 55 6.58 47 45 85 -80
Net Cash From Operating Activities		 24 39 26 41 39 60 14 56 55 93 34
Net Cash From Continuing Operating Activities		 24 39 26 41 39 60 14 56 55 93 34
Net Income / (Loss) Continuing Operations		 -297 -26 -13 -4.94 -1.35 -27 -14 -24 -0.43 7.03 9.04
Consolidated Net Income / (Loss)		 -297 -26 -13 -4.94 -1.35 -27 -14 -24 -0.43 7.03 9.04
Depreciation Expense		 3.36 3.83 3.97 4.24 4.56 4.95 4.78 3.93 4.38 5.51 6.34
Amortization Expense		 17 18 17 18 19 19 20 20 21 22 23
Non-Cash Adjustments To Reconcile Net Income		 304 42 39 37 35 38 46 52 47 45 50
Changes in Operating Assets and Liabilities, net		 -3.46 1.50 -21 -13 -18 25 -42 3.89 -17 14 -54
Net Cash From Investing Activities		 -1.83 -3.92 -3.23 -3.84 -4.54 -5.63 -7.74 -7.31 -9.74 -5.71 -16
Net Cash From Continuing Investing Activities		 -1.83 -3.92 -3.23 -3.84 -4.54 -5.63 -7.74 -7.31 -9.74 -5.71 -16
Purchase of Property, Plant & Equipment		 -1.83 -3.92 -3.23 -3.84 -4.54 -5.63 -7.74 -7.31 -7.71 -5.71 -15
Other Investing Activities, net		 - - - - - - 0.00 - - - -0.49
Net Cash From Financing Activities		 263 -20 -5.74 0.69 -0.98 0.23 -0.04 -1.34 -0.27 -2.84 -99
Net Cash From Continuing Financing Activities		 263 -20 -5.74 0.69 -0.98 0.23 -0.04 -1.34 -0.27 -2.84 -99
Repurchase of Common Equity		 - - - - - - 0.00 - - - -100
Issuance of Common Equity		 323 -0.75 6.13 2.59 4.52 4.63 4.34 3.23 3.83 2.08 3.95
Other Financing Activities, net		 -60 -19 -12 -1.91 -5.50 -4.40 -4.38 -4.57 -4.10 -4.92 -2.80
Cash Income Taxes Paid		 0.11 0.09 0.09 0.59 4.03 -0.02 0.07 2.89 1.82 1.76 2.68

Annual Balance Sheets for Klaviyo

This table presents Klaviyo's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric 2022 2023 2024 2025
Period end date 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Total Assets		 629 1,089 1,273 1,581
Total Current Assets		 428 803 980 1,206
Cash & Equivalents		 386 739 881 1,065
Restricted Cash		 0.41 0.41 0.38 0.74
Accounts Receivable		 11 23 43 61
Prepaid Expenses		 19 26 34 50
Other Current Assets		 11 15 21 30
Plant, Property, & Equipment, net		 46 43 48 80
Total Noncurrent Assets		 156 242 245 294
Other Noncurrent Operating Assets		 156 242 245 294
Total Liabilities & Shareholders' Equity		 629 1,089 1,273 1,581
Total Liabilities		 133 174 239 384
Total Current Liabilities		 85 131 200 282
Accounts Payable		 8.89 14 15 29
Accrued Expenses		 36 63 100 125
Current Deferred Revenue		 25 40 64 103
Other Current Liabilities		 15 14 21 25
Total Noncurrent Liabilities		 48 44 39 102
Other Noncurrent Operating Liabilities		 48 44 39 102
Total Equity & Noncontrolling Interests		 -1,036 915 1,034 1,197
Total Preferred & Common Equity		 -1,036 915 1,034 1,197
Preferred Stock		 0.00 0.00 0.00 0.00
Total Common Equity		 -1,036 915 1,034 1,197
Common Stock		 1,249 1,714 1,879 2,074
Retained Earnings		 -2,285 -799 -845 -877
Other Equity Adjustments		 - - - 0.00

Quarterly Balance Sheets for Klaviyo

This table presents Klaviyo's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric Q1 2024 Q2 2024 Q3 2024 Q1 2025 Q2 2025 Q3 2025 Q1 2026
Period end date 3/31/2024 6/30/2024 9/30/2024 3/31/2025 6/30/2025 9/30/2025 3/31/2026
Total Assets		 1,108 1,150 1,193 1,347 1,398 1,465 1,524
Total Current Assets		 826 872 916 1,007 1,061 1,110 1,146
Cash & Equivalents		 756 794 827 888 936 980 985
Restricted Cash		 0.39 0.40 0.42 0.00 0.00 0.00 0.74
Accounts Receivable		 23 29 34 54 59 61 72
Prepaid Expenses		 30 31 36 42 42 41 55
Other Current Assets		 17 18 19 23 25 27 34
Plant, Property, & Equipment, net		 43 44 45 52 57 67 84
Total Noncurrent Assets		 239 233 232 288 280 288 293
Other Noncurrent Operating Assets		 239 233 232 288 280 288 293
Total Liabilities & Shareholders' Equity		 1,108 1,150 1,193 1,347 1,398 1,465 1,524
Total Liabilities		 171 170 178 283 301 323 370
Total Current Liabilities		 130 132 142 193 214 227 271
Accounts Payable		 8.46 9.42 11 14 23 21 22
Accrued Expenses		 65 62 65 84 90 95 114
Current Deferred Revenue		 43 47 53 76 83 88 111
Other Current Liabilities		 14 13 13 19 19 25 24
Total Noncurrent Liabilities		 41 39 36 91 87 95 99
Other Noncurrent Operating Liabilities		 41 39 36 91 87 95 99
Total Equity & Noncontrolling Interests		 937 980 1,015 1,064 1,097 1,142 1,153
Total Preferred & Common Equity		 937 980 1,015 1,064 1,097 1,142 1,153
Preferred Stock		 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Common Equity		 937 980 1,015 1,064 1,097 1,142 1,153
Common Stock		 1,749 1,796 1,833 1,923 1,980 2,026 2,021
Retained Earnings		 -812 -817 -818 -859 -884 -884 -868
Other Equity Adjustments		 - - - - - - 0.00

Annual Metrics And Ratios for Klaviyo

This table displays calculated financial ratios and metrics derived from Klaviyo's official financial filings.

Metric 2021 2022 2023 2024 2025
Period end date 12/31/2021 12/31/2022 12/31/2023 12/31/2024 12/31/2025
Growth Metrics		 - - - - -
Revenue Growth		 0.00% 62.66% 47.67% 34.29% 31.63%
EBITDA Growth		 0.00% 81.64% -1,820.34% 102.86% 343.75%
EBIT Growth		 0.00% 31.00% -505.86% 74.85% 16.02%
NOPAT Growth		 0.00% 30.54% -500.74% 74.57% 19.41%
Net Income Growth		 0.00% 38.04% -526.58% 85.03% 31.15%
EPS Growth		 0.00% 41.67% -504.76% 86.61% 35.29%
Operating Cash Flow Growth		 0.00% -3.58% 606.84% 39.02% 31.37%
Free Cash Flow Firm Growth		 0.00% 0.00% -101.26% 88.18% 25.43%
Invested Capital Growth		 0.00% 0.00% 60.64% -13.46% -13.93%
Revenue Q/Q Growth		 0.00% 0.00% 0.00% 7.89% 6.94%
EBITDA Q/Q Growth		 0.00% 0.00% 0.00% 232.90% 1,049.52%
EBIT Q/Q Growth		 0.00% 0.00% 0.00% 2.72% 31.24%
NOPAT Q/Q Growth		 0.00% 0.00% 0.00% 1.95% 32.62%
Net Income Q/Q Growth		 0.00% 0.00% 0.00% -1.49% 51.70%
EPS Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 52.17%
Operating Cash Flow Q/Q Growth		 0.00% 0.00% 0.00% 14.84% 17.88%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.00% 41.20%
Invested Capital Q/Q Growth		 0.00% 0.00% 0.00% -18.89% -19.07%
Profitability Metrics		 - - - - -
Gross Margin		 70.86% 72.92% 74.52% 76.39% 74.67%
EBITDA Margin		 -24.28% -2.74% -35.64% 0.76% 2.55%
Operating Margin		 -27.26% -11.64% -47.36% -8.97% -5.49%
EBIT Margin		 -27.25% -11.56% -47.43% -8.88% -5.67%
Profit (Net Income) Margin		 -27.32% -10.41% -44.15% -4.92% -2.57%
Tax Burden Percent		 100.40% 100.17% 100.39% 105.64% 104.10%
Interest Burden Percent		 99.83% 89.87% 92.74% 52.46% 43.65%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00%
Return on Invested Capital (ROIC)		 0.00% -70.40% -162.27% -35.89% -33.51%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% -64.88% -148.62% -37.46% -35.12%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 50.55% 118.56% 31.16% 30.66%
Return on Equity (ROE)		 0.00% -19.85% -43.71% -4.74% -2.85%
Cash Return on Invested Capital (CROIC)		 0.00% -270.40% -208.80% -21.46% -18.54%
Operating Return on Assets (OROA)		 0.00% -8.69% -38.54% -7.05% -4.90%
Return on Assets (ROA)		 0.00% -7.82% -35.88% -3.91% -2.23%
Return on Common Equity (ROCE)		 0.00% 41.49% 3.76% -4.74% -2.85%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 4.75% -33.69% -4.46% 0.00%
Net Operating Profit after Tax (NOPAT)		 -55 -39 -231 -59 -47
NOPAT Margin		 -19.08% -8.15% -33.15% -6.28% -3.84%
Net Nonoperating Expense Percent (NNEP)		 0.00% -5.52% -13.65% 1.57% 1.61%
Return On Investment Capital (ROIC_SIMPLE)		 - 3.72% -25.30% -5.69% -3.96%
Cost of Revenue to Revenue		 29.14% 27.08% 25.48% 23.61% 25.33%
SG&A Expenses to Revenue		 21.76% 17.31% 27.83% 16.81% 15.54%
R&D to Revenue		 22.57% 22.02% 37.56% 25.44% 23.60%
Operating Expenses to Revenue		 98.12% 84.56% 121.88% 85.36% 80.17%
Earnings before Interest and Taxes (EBIT)		 -79 -55 -331 -83 -70
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -71 -13 -249 7.10 32
Valuation Ratios		 - - - - -
Price to Book Value (P/BV)		 0.00 0.00 0.00 10.75 8.19
Price to Tangible Book Value (P/TBV)		 0.00 0.00 0.00 10.75 8.19
Price to Revenue (P/Rev)		 1.98 1.22 0.00 11.86 7.94
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 15.73 0.00 67.29 66.73
Enterprise Value to Revenue (EV/Rev)		 0.00 3.64 0.00 10.92 7.08
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 1,441.14 277.20
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 0.00 61.69 40.08
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 0.00 -0.78 -0.80 -0.83 -0.87
Leverage Ratio		 0.00 1.27 1.22 1.21 1.28
Compound Leverage Factor		 0.00 1.14 1.13 0.64 0.56
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 309.05% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 0.00% -209.05% 100.00% 100.00% 100.00%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00
Altman Z-Score		 0.00 -1.38 0.00 28.20 15.88
Noncontrolling Interest Sharing Ratio		 0.00% 309.05% 108.61% 0.00% 0.00%
Liquidity Ratios		 - - - - -
Current Ratio		 0.00 5.03 6.15 4.90 4.27
Quick Ratio		 0.00 4.67 5.83 4.63 3.99
Cash Flow Metrics		 - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 -148 -298 -35 -26
Operating Cash Flow to CapEx		 -162.30% -129.09% 1,275.60% 963.40% 765.88%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 -2,842.25 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 -4,593.50 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - -
Asset Turnover		 0.00 0.75 0.81 0.79 0.86
Accounts Receivable Turnover		 0.00 44.09 41.31 28.33 23.77
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 0.00 10.31 15.64 20.46 19.20
Accounts Payable Turnover		 0.00 14.40 15.82 15.71 14.32
Days Sales Outstanding (DSO)		 0.00 8.28 8.84 12.88 15.35
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 25.35 23.07 23.24 25.49
Cash Conversion Cycle (CCC)		 0.00 -17.07 -14.23 -10.35 -10.14
Capital & Investment Metrics		 - - - - -
Invested Capital		 0.00 109 176 152 131
Invested Capital Turnover		 0.00 8.64 4.89 5.72 8.72
Increase / (Decrease) in Invested Capital		 0.00 109 66 -24 -21
Enterprise Value (EV)		 0.00 1,722 0.00 10,238 8,739
Market Capitalization		 576 576 0.00 11,120 9,804
Book Value per Share		 $0.00 ($4.51) $3.77 $3.83 $3.96
Tangible Book Value per Share		 $0.00 ($4.51) $3.77 $3.83 $3.96
Total Capital		 0.00 496 915 1,034 1,197
Total Debt		 0.00 0.00 0.00 0.00 0.00
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00
Net Debt		 0.00 -386 -739 -882 -1,066
Capital Expenditures (CapEx)		 14 18 9.36 17 28
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 -44 -66 -102 -142
Debt-free Net Working Capital (DFNWC)		 0.00 343 673 780 924
Net Working Capital (NWC)		 0.00 343 673 780 924
Net Nonoperating Expense (NNE)		 24 11 77 -13 -16
Net Nonoperating Obligations (NNO)		 0.00 -386 -739 -882 -1,066
Total Depreciation and Amortization (D&A)		 8.63 42 82 90 101
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% -9.25% -9.47% -10.88% -11.49%
Debt-free Net Working Capital to Revenue		 0.00% 72.45% 96.39% 83.19% 74.86%
Net Working Capital to Revenue		 0.00% 72.45% 96.39% 83.19% 74.86%
Earnings Adjustments		 - - - - -
Adjusted Basic Earnings per Share		 $0.00 $0.00 ($1.27) ($0.17) ($0.11)
Adjusted Weighted Average Basic Shares Outstanding		 0.00 0.00 242.89M 266.34M 290.90M
Adjusted Diluted Earnings per Share		 $0.00 $0.00 ($1.27) ($0.17) ($0.11)
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 0.00 242.89M 266.34M 290.90M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 0.00 261.23M 273.12M 304.77M
Normalized Net Operating Profit after Tax (NOPAT)		 -55 -39 -231 -59 -47
Normalized NOPAT Margin		 -19.08% -8.15% -33.15% -6.28% -3.84%
Pre Tax Income Margin		 -27.21% -10.39% -43.98% -4.66% -2.47%
Debt Service Ratios		 - - - - -
EBIT to Interest Expense		 -9,900.63 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 -6,932.89 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 -11,651.88 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 -8,684.14 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 -176.86% 0.00% 0.00% 0.00% 0.00%

Quarterly Metrics And Ratios for Klaviyo

This table displays calculated financial ratios and metrics derived from Klaviyo's official financial filings.

Metric Q3 2023 Q4 2023 Q1 2024 Q2 2024 Q3 2024 Q4 2024 Q1 2025 Q2 2025 Q3 2025 Q4 2025 Q1 2026
Period end date 9/30/2023 12/31/2023 3/31/2024 6/30/2024 9/30/2024 12/31/2024 3/31/2025 6/30/2025 9/30/2025 12/31/2025 3/31/2026
DEI Shares Outstanding		 - - - - - - - - - - 304,774,124.00
DEI Adjusted Shares Outstanding		 - - - - - - - - - - 304,774,124.00
DEI Earnings Per Adjusted Shares Outstanding		 - - - - - - - - - - 0.03
Growth Metrics		 - - - - - - - - - - -
Revenue Growth		 0.00% 0.00% 34.54% 35.01% 33.72% 34.00% 33.26% 31.91% 32.24% 29.62% 27.94%
EBITDA Growth		 0.00% 0.00% -104.28% -71.02% 103.61% 33.09% 122.28% -199.78% 41.18% 346.78% 15,226.63%
EBIT Growth		 0.00% 0.00% -2,681.95% -301.49% 95.69% 6.38% -10.85% -129.19% 16.28% 93.09% 105.36%
NOPAT Growth		 0.00% 0.00% -2,022.30% -247.29% 95.61% 4.61% -7.51% -122.91% 18.39% 93.08% 108.85%
Net Income Growth		 0.00% 0.00% -401.12% -145.39% 99.55% -2.58% -9.37% -391.32% 68.33% 126.06% 164.15%
EPS Growth		 0.00% 0.00% -350.00% -150.00% 99.19% 0.00% 0.00% -350.00% 100.00% 133.33% 160.00%
Operating Cash Flow Growth		 0.00% 0.00% 68.35% -1.38% 63.64% 55.49% -45.15% 36.25% 41.19% 55.04% 138.68%
Free Cash Flow Firm Growth		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 94.46% 101.22% 109.24% 3,399.08% 181.15%
Invested Capital Growth		 0.00% 0.00% 0.00% 0.00% 0.00% -13.46% -3.16% -13.10% -13.74% -13.93% -4.20%
Revenue Q/Q Growth		 6.82% 14.68% 0.00% 5.82% 5.80% 14.92% 3.58% 4.75% 6.06% 12.65% 2.23%
EBITDA Q/Q Growth		 -1,138.44% 94.67% 0.00% 980.52% 29.49% -198.68% 101.98% -4,042.71% 283.21% 72.49% 23.00%
EBIT Q/Q Growth		 -4,434.59% 87.95% 0.00% 36.16% 7.19% -161.54% 28.47% -31.99% 66.10% 78.43% 155.54%
NOPAT Q/Q Growth		 -3,267.44% 87.98% 0.00% 36.39% 5.51% -161.00% 31.47% -31.90% 65.41% 77.88% 187.68%
Net Income Q/Q Growth		 -2,828.98% 91.15% 0.00% 61.64% 72.78% -1,905.43% 47.77% -72.34% 98.25% 1,749.77% 28.60%
EPS Q/Q Growth		 -3,200.00% 92.74% 0.00% 60.00% 50.00% -800.00% 44.44% -80.00% 100.00% 0.00% 0.00%
Operating Cash Flow Q/Q Growth		 -42.85% 63.05% 0.00% 56.21% -5.17% 54.93% -76.10% 288.00% -1.73% 70.12% -63.20%
Free Cash Flow Firm Q/Q Growth		 0.00% 0.00% 0.00% 0.67% -0.77% 99.70% -1,741.59% 121.84% 664.66% 7.28% -54.70%
Invested Capital Q/Q Growth		 0.00% 0.00% 3.09% 2.38% 1.10% -18.89% 15.36% -8.13% 0.35% -19.07% 28.40%
Profitability Metrics		 - - - - - - - - - - -
Gross Margin		 66.54% 77.67% 78.60% 77.38% 76.88% 73.45% 75.81% 75.70% 75.51% 72.17% 75.11%
EBITDA Margin		 -160.27% -7.45% -0.43% 3.54% 4.33% -3.72% 0.07% -2.68% 4.62% 7.08% 8.52%
Operating Margin		 -171.89% -18.02% -10.52% -6.32% -5.65% -12.83% -8.49% -10.69% -3.49% -0.53% 0.49%
EBIT Margin		 -172.05% -18.08% -10.49% -6.33% -5.55% -12.63% -8.72% -10.99% -3.51% -0.67% 0.37%
Profit (Net Income) Margin		 -168.99% -13.04% -6.13% -2.22% -0.57% -9.98% -5.03% -8.28% -0.14% 2.01% 2.52%
Tax Burden Percent		 100.28% 97.79% 103.24% 121.10% 52.85% 109.75% 92.97% 108.01% 69.38% 90.90% 84.31%
Interest Burden Percent		 97.96% 73.76% 56.66% 29.03% 19.50% 72.01% 62.08% 69.76% 5.62% -328.04% 818.95%
Effective Tax Rate		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 9.11% 15.69%
Return on Invested Capital (ROIC)		 0.00% -50.08% -61.11% -38.63% -36.63% -51.34% -33.55% -46.52% -16.12% -4.18% 3.14%
ROIC Less NNEP Spread (ROIC-NNEP)		 0.00% -49.97% -61.80% -39.87% -38.55% -51.00% -33.86% -46.25% -16.91% -5.07% 2.33%
Return on Net Nonoperating Assets (RNNOA)		 0.00% 40.36% 49.85% 32.32% 31.42% 42.42% 27.83% 38.52% 14.17% 4.43% -1.97%
Return on Equity (ROE)		 0.00% -9.72% -11.26% -6.32% -5.20% -8.92% -5.73% -8.00% -1.95% 0.25% 1.17%
Cash Return on Invested Capital (CROIC)		 0.00% -169.39% 0.00% 0.00% 0.00% -21.46% -30.43% -27.57% -25.54% -18.54% -12.93%
Operating Return on Assets (OROA)		 0.00% -14.69% -7.12% -4.46% -8.08% -10.03% -7.16% -9.31% -3.05% -0.58% 0.33%
Return on Assets (ROA)		 0.00% -10.60% -4.16% -1.57% -0.83% -7.92% -4.13% -7.01% -0.12% 1.74% 2.31%
Return on Common Equity (ROCE)		 0.00% 0.84% -11.26% -6.32% -5.20% -8.92% -5.73% -8.00% -1.95% 0.25% 1.17%
Return on Equity Simple (ROE_SIMPLE)		 0.00% 0.00% -34.71% -34.84% -4.48% 0.00% -4.45% 0.00% 0.00% 0.00% 0.00%
Net Operating Profit after Tax (NOPAT)		 -212 -25 -15 -9.84 -9.29 -24 -17 -22 -7.59 -1.68 1.47
NOPAT Margin		 -120.33% -12.61% -7.36% -4.43% -3.95% -8.98% -5.94% -7.48% -2.44% -0.48% 0.41%
Net Nonoperating Expense Percent (NNEP)		 0.00% -0.12% 0.68% 1.23% 1.92% -0.34% 0.31% -0.27% 0.79% 0.89% 0.81%
Return On Investment Capital (ROIC_SIMPLE)		 - -2.78% - - - -2.35% -1.56% -2.00% -0.66% -0.14% 0.13%
Cost of Revenue to Revenue		 33.46% 22.33% 21.40% 22.62% 23.12% 26.55% 24.19% 24.30% 24.49% 27.83% 24.89%
SG&A Expenses to Revenue		 62.49% 18.74% 18.66% 16.09% 16.26% 16.43% 15.37% 18.46% 14.56% 14.12% 14.82%
R&D to Revenue		 80.46% 26.11% 26.71% 25.08% 23.72% 26.23% 24.78% 24.72% 23.37% 21.91% 22.36%
Operating Expenses to Revenue		 238.43% 95.69% 89.12% 83.70% 82.53% 86.27% 84.29% 86.38% 78.99% 72.70% 74.62%
Earnings before Interest and Taxes (EBIT)		 -302 -36 -22 -14 -13 -34 -24 -32 -11 -2.36 1.31
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)		 -282 -15 -0.89 7.86 10 -10 0.20 -7.85 14 25 31
Valuation Ratios		 - - - - - - - - - - -
Price to Book Value (P/BV)		 0.00 0.00 7.10 6.72 9.30 10.75 7.77 8.45 7.27 8.19 5.14
Price to Tangible Book Value (P/TBV)		 0.00 0.00 7.10 6.72 9.30 10.75 7.77 8.45 7.27 8.19 5.14
Price to Revenue (P/Rev)		 0.00 0.00 8.85 8.13 10.86 11.86 8.20 8.60 7.20 7.94 4.52
Price to Earnings (P/E)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Dividend Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Earnings Yield		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Enterprise Value to Invested Capital (EV/IC)		 0.00 0.00 32.56 31.21 45.89 67.29 42.03 51.68 45.28 66.73 29.42
Enterprise Value to Revenue (EV/Rev)		 0.00 0.00 7.85 7.15 9.91 10.92 7.32 7.73 6.35 7.08 3.77
Enterprise Value to EBITDA (EV/EBITDA)		 0.00 0.00 0.00 0.00 4,033.61 1,441.14 899.95 0.00 0.00 277.20 79.99
Enterprise Value to EBIT (EV/EBIT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to NOPAT (EV/NOPAT)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Enterprise Value to Operating Cash Flow (EV/OCF)		 0.00 0.00 45.38 44.74 59.56 61.69 47.85 49.32 39.62 40.08 20.79
Enterprise Value to Free Cash Flow (EV/FCFF)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Leverage & Solvency		 - - - - - - - - - - -
Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to Equity		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Financial Leverage		 0.00 -0.81 -0.81 -0.81 -0.82 -0.83 -0.82 -0.83 -0.84 -0.87 -0.85
Leverage Ratio		 0.00 1.22 1.18 1.17 1.18 1.21 1.23 1.23 1.23 1.28 1.29
Compound Leverage Factor		 0.00 0.90 0.67 0.34 0.23 0.87 0.76 0.86 0.07 -4.20 10.60
Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Short-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Long-Term Debt to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Preferred Equity to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Noncontrolling Interests to Total Capital		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Common Equity to Total Capital		 0.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 99.99% 100.00% 100.00% 100.00%
Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to EBITDA		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Long-Term Debt to NOPAT		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Altman Z-Score		 0.00 0.00 23.70 23.64 32.23 28.33 18.02 19.00 16.07 16.02 10.37
Noncontrolling Interest Sharing Ratio		 0.00% 108.61% 0.00% 0.00% 0.00% 0.00% 0.00% 0.01% 0.00% 0.00% 0.00%
Liquidity Ratios		 - - - - - - - - - - -
Current Ratio		 0.00 6.15 6.37 6.63 6.44 4.90 5.22 4.95 4.88 4.27 4.23
Quick Ratio		 0.00 5.83 6.00 6.25 6.05 4.63 4.89 4.64 4.58 3.99 3.90
Cash Flow Metrics		 - - - - - - - - - - -
Free Cash Flow to Firm (FCFF)		 0.00 0.00 -197 -195 -197 -0.59 -11 2.38 18 20 8.84
Operating Cash Flow to CapEx		 1,295.14% 985.06% 811.85% 1,066.49% 854.65% 1,067.68% 185.53% 762.62% 710.71% 1,630.95% 225.06%
Free Cash Flow to Firm to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Operating Cash Flow Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Efficiency Ratios		 - - - - - - - - - - -
Asset Turnover		 0.00 0.81 0.68 0.70 1.46 0.79 0.82 0.85 0.87 0.86 0.91
Accounts Receivable Turnover		 0.00 41.31 32.36 27.70 0.00 28.33 26.11 24.49 24.11 23.77 20.79
Inventory Turnover		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Fixed Asset Turnover		 0.00 15.64 17.58 18.25 0.00 20.46 21.31 21.34 20.52 19.20 19.27
Accounts Payable Turnover		 0.00 15.82 22.01 21.13 0.00 15.71 21.45 16.41 18.00 14.32 18.60
Days Sales Outstanding (DSO)		 0.00 8.84 11.28 13.18 0.00 12.88 13.98 14.91 15.14 15.35 17.55
Days Inventory Outstanding (DIO)		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Days Payable Outstanding (DPO)		 0.00 23.07 16.59 17.27 0.00 23.24 17.01 22.24 20.28 25.49 19.62
Cash Conversion Cycle (CCC)		 0.00 -14.23 -5.31 -4.09 0.00 -10.35 -3.04 -7.33 -5.14 -10.14 -2.07
Capital & Investment Metrics		 - - - - - - - - - - -
Invested Capital		 0.00 176 181 186 188 152 176 161 162 131 168
Invested Capital Turnover		 0.00 3.97 8.30 8.73 9.26 5.72 5.65 6.22 6.61 8.72 7.64
Increase / (Decrease) in Invested Capital		 0.00 0.00 181 186 188 -24 -5.73 -24 -26 -21 -7.37
Enterprise Value (EV)		 662 0.00 5,900 5,791 8,608 10,238 7,376 8,333 7,326 8,739 4,946
Market Capitalization		 662 0.00 6,656 6,585 9,435 11,120 8,264 9,268 8,307 9,804 5,931
Book Value per Share		 $0.00 $3.77 $3.59 $3.70 $3.81 $3.83 $3.90 $3.97 $3.81 $3.96 $3.78
Tangible Book Value per Share		 $0.00 $3.77 $3.59 $3.70 $3.81 $3.83 $3.90 $3.97 $3.81 $3.96 $3.78
Total Capital		 0.00 915 937 980 1,015 1,034 1,064 1,097 1,142 1,197 1,153
Total Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total Long-Term Debt		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Net Debt		 0.00 -739 -756 -794 -827 -882 -888 -936 -980 -1,066 -985
Capital Expenditures (CapEx)		 1.83 3.92 3.23 3.84 4.54 5.63 7.74 7.31 7.71 5.71 15
Debt-free, Cash-free Net Working Capital (DFCFNWC)		 0.00 -66 -60 -53 -53 -102 -74 -89 -98 -142 -110
Debt-free Net Working Capital (DFNWC)		 0.00 673 697 741 774 780 814 847 883 924 875
Net Working Capital (NWC)		 0.00 673 697 741 774 780 814 847 883 924 875
Net Nonoperating Expense (NNE)		 86 0.86 -2.58 -4.90 -7.95 2.71 -2.54 2.35 -7.16 -8.71 -7.57
Net Nonoperating Obligations (NNO)		 0.00 -739 -756 -794 -827 -882 -888 -936 -980 -1,066 -985
Total Depreciation and Amortization (D&A)		 21 21 21 22 23 24 25 24 25 27 29
Debt-free, Cash-free Net Working Capital to Revenue		 0.00% -9.47% -7.91% -6.57% -6.13% -10.88% -7.35% -8.23% -8.47% -11.49% -8.37%
Debt-free Net Working Capital to Revenue		 0.00% 96.39% 92.65% 91.49% 89.06% 83.19% 80.85% 78.54% 76.48% 74.86% 66.72%
Net Working Capital to Revenue		 0.00% 96.39% 92.65% 91.49% 89.06% 83.19% 80.85% 78.54% 76.48% 74.86% 66.72%
Earnings Adjustments		 - - - - - - - - - - -
Adjusted Basic Earnings per Share		 $0.00 ($0.10) ($0.05) ($0.02) ($0.01) ($0.09) ($0.05) ($0.09) $0.00 $0.03 $0.03
Adjusted Weighted Average Basic Shares Outstanding		 0.00 242.89M 261.33M 265.29M 267.85M 266.34M 274.20M 284.93M 300.83M 290.90M 304.34M
Adjusted Diluted Earnings per Share		 $0.00 ($0.09) ($0.05) ($0.02) ($0.01) ($0.09) ($0.05) ($0.09) $0.00 $0.03 $0.03
Adjusted Weighted Average Diluted Shares Outstanding		 0.00 242.89M 261.33M 265.29M 267.85M 266.34M 274.20M 284.93M 300.83M 290.90M 305.80M
Adjusted Basic & Diluted Earnings per Share		 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding		 0.00 261.23M 264.56M 266.67M 269.63M 273.12M 276.00M 299.98M 301.95M 304.77M 299.28M
Normalized Net Operating Profit after Tax (NOPAT)		 -212 -25 -15 -9.84 -9.29 -24 -17 -22 -7.59 -1.68 1.47
Normalized NOPAT Margin		 -120.33% -12.61% -7.36% -4.43% -3.95% -8.98% -5.94% -7.48% -2.44% -0.48% 0.41%
Pre Tax Income Margin		 -168.53% -13.34% -5.94% -1.84% -1.08% -9.10% -5.42% -7.67% -0.20% 2.21% 2.99%
Debt Service Ratios		 - - - - - - - - - - -
EBIT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
EBIT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
NOPAT Less CapEx to Interest Expense		 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Payout Ratios		 - - - - - - - - - - -
Dividend Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Augmented Payout Ratio		 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%

Financials Breakdown Chart

Key Financial Trends

Klaviyo’s latest quarter shows a business that is still growing quickly, but profitability remains thin. In Q1 2026, revenue rose to $358.0 million from $350.2 million in Q4 2025 and $279.8 million in Q1 2025. The company also posted $9.0 million in net income, a notable improvement from the prior two quarters, which were roughly breakeven to slightly negative.

The biggest positive trend is cash generation. Klaviyo produced $34.3 million in operating cash flow in Q1 2026, down from $93.2 million in Q4 2025 but still solid. Cash and equivalents ended the quarter at $984.6 million, giving the company a very strong liquidity position relative to $370.2 million in total liabilities.

Profitability is still fragile at the operating level. Q1 2026 operating income was only $1.7 million, after a $1.8 million operating loss in Q4 2025 and a $10.8 million operating loss in Q3 2025. That suggests the company is close to operating breakeven, but not yet consistently there.

Revenue growth has clearly slowed from the earlier part of the period. Quarterly revenue climbed from $156.1 million in Q1 2023 to $358.0 million in Q1 2026, but the more recent year-over-year gains are much more modest than the earlier ramp. That usually points to a maturing growth phase.

  • Strong cash balance: Cash and equivalents of $984.6 million provides a large cushion for operations and investment.
  • Positive operating cash flow: Q1 2026 operating cash flow of $34.3 million shows the business is still converting revenue into cash.
  • Improved net income: Net income turned positive at $9.0 million in Q1 2026 after a near-breakeven Q4 2025 and a small loss in Q3 2025.
  • Revenue remains on an upward trend: Revenue increased year over year to $358.0 million from $279.8 million in Q1 2025.
  • Light debt load: Total liabilities of $370.2 million are modest compared with total equity of $1.15 billion and cash on hand.
  • Working capital remains healthy: Current assets of $1.15 billion easily exceed current liabilities of $271.0 million.
  • High non-cash charges support CFO: Depreciation and amortization continue to add back meaningfully to operating cash flow each quarter.
  • Share count remains elevated: Weighted average diluted shares were about 305.8 million in Q1 2026, which can limit per-share earnings growth.
  • Operating margin is still very thin: Q1 2026 operating income was only $1.7 million on $358.0 million of revenue.
  • Marketing remains a large expense: Marketing expense was $134.1 million in Q1 2026, a major drag on profitability.

Over the last four years, Klaviyo has built scale and liquidity, but the earnings profile is still a work in progress. The company has moved from losses in 2023 and early 2024 toward profitability in 2025 and 2026, yet operating performance remains inconsistent. For retail investors, the key question is whether revenue growth can reaccelerate enough to support wider margins before cash hoarding becomes the main story.

06/18/26 07:17 PM ETAI Generated. May Contain Errors.

Klaviyo Financials - Frequently Asked Questions

According to the most recent income statement we have on file, Klaviyo's fiscal year ends in December. Their fiscal year 2025 ended on December 31, 2025.

Klaviyo's net income appears to be on a downward trend, with a most recent value of -$31.77 million in 2025, falling from -$79.39 million in 2021. The previous period was -$46.14 million in 2024. See where experts think Klaviyo is headed by visiting Klaviyo's forecast page.

Klaviyo's total operating income in 2025 was -$67.76 million, based on the following breakdown:
  • Total Gross Profit: $921.50 million
  • Total Operating Expenses: $989.25 million

Over the last 4 years, Klaviyo's total revenue changed from $290.64 million in 2021 to $1.23 billion in 2025, a change of 324.6%.

Klaviyo's total liabilities were at $384.04 million at the end of 2025, a 60.5% increase from 2024, and a 187.9% increase since 2022.

In the past 3 years, Klaviyo's cash and equivalents has ranged from $385.82 million in 2022 to $1.06 billion in 2025, and is currently $1.06 billion as of their latest financial filing in 2025.

Over the last 4 years, Klaviyo's book value per share changed from 0.00 in 2021 to 3.96 in 2025, a change of 396.3%.


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Financial statements for NYSE:KVYO last updated on 5/7/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.
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China can’t stop buying gold. Here’s why that matters
China has made 18 consecutive months of central bank gold purchases - and analysts believe the official number...
Traders Agency | Sponsoredtc pixel
A 3M Oz. Historical Gold Resource And A Market That Hasn't Caught Up
One Canadian junior explorer controls a gold and copper system in British Columbia's Kootenay Golden Arc - a d...
Wall Street Logic | Sponsoredtc pixel
How to play the Biggest IPO in stock market history!
SpaceX is eyeing a near-$2 trillion IPO valuation, and retail investors are already lining up - but early insi...
InvestPub | Sponsoredtc pixel
Hopeless About Retirement? Hopeless and Helpless Aren’t the Same Thing
Your retirement date didn't move once - it moved slowly, then repeatedly, until the shift felt normal. That's ...
Golden Portfolio | Sponsoredtc pixel
Your book attached
Bill Poulos is giving away his 'Safe Trade Options Formula' book for free - but only for a limited time throug...
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DOJ Admits It In Court—Your Cash Can Be Seized Without Warning
The Department of Justice recently argued in court that cash may not be legally your property - raising concer...
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