NYSE : KVYO
Klaviyo, Inc. — Financial statements
Technology · Software - Application · United States
Last price 20.14 USD (Oct 30, 2026, 4:00 PM EDT) · Market cap 5.73B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Klaviyo, Inc. (KVYO) reported revenue of 1.39B USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Revenue | 1.39B | 1.23B | 937.46M | 698.10M | 472.75M | 290.64M |
| Cost of Revenue | 364.17M | 312.52M | 221.31M | 176.75M | 128.03M | 84.70M |
| Gross Profit | 1.03B | 921.50M | 716.16M | 521.35M | 344.72M | 205.94M |
| Selling, General & Admin | 730.02M | 698.04M | 561.78M | 585.29M | 295.68M | 219.58M |
| Research & Development | 317.14M | 286.99M | 238.46M | 258.80M | 104.08M | 65.60M |
| Operating Expenses | 1.05B | 985.03M | 800.24M | 844.09M | 399.76M | 285.18M |
| Operating Income | -21.68M | -63.53M | -84.08M | -322.75M | -55.04M | -79.23M |
| Interest Expense | -8.00K | |||||
| Interest & Investment Income | 38.17M | 39.40M | 39.58M | 24.05M | 5.54M | 139.00K |
| Other Non Operating Income (Expenses) | -1.54M | -2.16M | 816.00K | -470.00K | 388.00K | 28.00K |
| EBT Excluding Unusual Items | 14.96M | -26.29M | -43.68M | -299.16M | -49.11M | -79.07M |
| Merger & Restructuring Charges | -4.22M | -4.22M | -7.88M | |||
| Pretax Income | 10.73M | -30.52M | -43.68M | -307.04M | -49.11M | -79.07M |
| Income Tax Expense | 3.94M | 1.25M | 2.46M | 1.19M | 83.00K | 319.00K |
| Net Income | 6.79M | -31.77M | -46.14M | -308.23M | -49.19M | -79.39M |
| Net Income to Common | 6.79M | -31.77M | -46.14M | -308.23M | -49.19M | -79.39M |
| Shares Outstanding (Basic) | 301.36M | 290.90M | 266.34M | 242.89M | 229.86M | 220.87M |
| Shares Outstanding (Diluted) | 302.01M | 290.90M | 266.34M | 242.89M | 229.86M | 220.87M |
| EPS (Basic) | 0.02 | -0.11 | -0.17 | -1.27 | -0.21 | -0.36 |
| EPS (Diluted) | 0.02 | -0.11 | -0.17 | -1.27 | -0.21 | -0.36 |
| Free Cash Flow | 253.12M | 208.52M | 160.03M | 115.72M | -39.37M | -35.76M |
| Free Cash Flow Per Share | 0.84 | 0.72 | 0.60 | 0.48 | -0.17 | -0.16 |
| Gross Margin | 73.79% | 74.67% | 76.39% | 74.68% | 72.92% | 70.86% |
| Operating Margin | -1.56% | -5.15% | -8.97% | -46.23% | -11.64% | -27.26% |
| Profit Margin | 0.49% | -2.57% | -4.92% | -44.15% | -10.41% | -27.32% |
| Free Cash Flow Margin | 18.21% | 16.90% | 17.07% | 16.58% | -8.33% | -12.30% |
| EBITDA | -11.28M | -54.44M | -70.96M | -310.89M | -46.70M | -74.36M |
| EBITDA Margin | -0.81% | -4.41% | -7.57% | -44.53% | -9.88% | -25.59% |
| D&A For EBITDA | 10.40M | 9.10M | 13.12M | 11.85M | 8.34M | 4.87M |
| EBIT | -21.68M | -63.53M | -84.08M | -322.75M | -55.04M | -79.23M |
| EBIT Margin | -1.56% | -5.15% | -8.97% | -46.23% | -11.64% | -27.26% |
| Advertising Expenses | 51.80M | 45.90M | 41.60M | 40.30M | 41.90M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 832.64M | 1.06B | 881.47M | 738.56M | 385.82M | 327.91M |
| Cash & Short-Term Investments | 832.64M | 1.06B | 881.47M | 738.56M | 385.82M | 327.91M |
| Receivables | 79.39M | 60.71M | 43.09M | 23.08M | 10.72M | 6.29M |
| Prepaid Expenses | 57.87M | 50.12M | 34.26M | 26.24M | 19.34M | 14.95M |
| Restricted Cash | 738.00K | 738.00K | 375.00K | 409.00K | 409.00K | |
| Other Current Assets | 37.77M | 29.63M | 20.54M | 15.20M | 11.21M | 6.95M |
| Total Current Assets | 1.01B | 1.21B | 979.75M | 803.49M | 427.50M | 356.10M |
| Property, Plant & Equipment | 181.89M | 181.47M | 90.47M | 79.79M | 90.89M | 89.10M |
| Long-Term Deferred Charges | 182.31M | 180.62M | 185.87M | 197.02M | 100.40M | 10.67M |
| Other Long-Term Assets | 11.57M | 12.44M | 17.21M | 8.75M | 10.29M | 8.58M |
| Total Assets | 1.38B | 1.58B | 1.27B | 1.09B | 629.08M | 464.45M |
| Accounts Payable | 38.50M | 29.07M | 14.58M | 13.60M | 8.89M | 31.82M |
| Accrued Expenses | 131.49M | 116.47M | 92.77M | 56.01M | 34.37M | 19.79M |
| Current Portion of Leases | 23.32M | 24.76M | 20.99M | 14.08M | 14.86M | 9.10M |
| Current Income Taxes Payable | 9.28M | 8.69M | 7.05M | 6.83M | 1.75M | 1.18M |
| Current Unearned Revenue | 119.54M | 103.25M | 64.50M | 40.10M | 25.11M | 15.09M |
| Total Current Liabilities | 322.13M | 282.23M | 199.89M | 130.62M | 84.99M | 76.99M |
| Long-Term Leases | 90.60M | 95.99M | 32.45M | 37.50M | 47.54M | 56.36M |
| Other Long-Term Liabilities | 4.42M | 5.82M | 6.98M | 6.16M | 1.53B | 2.57B |
| Total Liabilities | 417.14M | 384.04M | 239.32M | 174.27M | 1.67B | 2.70B |
| Common Stock | 289.00K | 304.00K | 273.00K | 260.00K | 171.00K | 162.00K |
| Additional Paid-In Capital | 1.84B | 2.07B | 1.88B | 1.71B | 1.25B | |
| Retained Earnings | -876.76M | -876.95M | -845.18M | -799.04M | -2.29B | -2.24B |
| Shareholders' Equity | 967.02M | 1.20B | 1.03B | 914.78M | -1.04B | -2.24B |
| Total Liabilities & Equity | 1.38B | 1.58B | 1.27B | 1.09B | 629.08M | 464.45M |
| Total Debt | 113.92M | 120.75M | 53.44M | 51.58M | 62.41M | 65.47M |
| Net Cash (Debt) | 718.71M | 944.13M | 828.03M | 686.98M | 323.41M | 262.44M |
| Net Cash Per Share | 2.38 | 3.25 | 3.11 | 2.83 | 1.41 | 1.19 |
| Filing Date Shares Outstanding | 284.73M | 304.77M | 273.12M | 261.23M | 170.86M | 220.87M |
| Total Common Shares Outstanding | 289.01M | 304.16M | 272.76M | 259.37M | 170.86M | 220.87M |
| Working Capital | 686.28M | 923.84M | 779.86M | 672.87M | 342.51M | 279.11M |
| Book Value Per Share | 3.35 | 3.93 | 3.79 | 3.53 | -6.06 | -10.12 |
| Tangible Book Value | 967.02M | 1.20B | 1.03B | 914.78M | -1.04B | -2.24B |
| Tangible Book Value Per Share | 3.35 | 3.93 | 3.79 | 3.53 | -6.06 | -10.12 |
| Machinery | 38.75M | 33.16M | 19.92M | 13.81M | 10.53M | 7.16M |
| Construction In Progress | 5.72M | 9.11M | 124.00K | 78.00K | 82.00K | 6.19M |
| Leasehold Improvements | 60.05M | 50.49M | 46.06M | 45.77M | 45.23M | 29.07M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 6.79M | -31.77M | -46.14M | -308.23M | -49.19M | -79.39M |
| Depreciation & Amortization | 10.40M | 9.10M | 13.12M | 11.85M | 8.34M | 4.87M |
| Other Amortization | 102.55M | 92.35M | 77.25M | 70.46M | 33.35M | 3.76M |
| Loss (Gain) From Sale of Assets | 513.00K | 776.00K | 235.00K | 6.00K | 5.00K | |
| Stock-Based Compensation | 171.45M | 162.03M | 135.21M | 340.80M | 6.80M | 35.25M |
| Provision & Write-off of Bad Debts | 1.50M | 2.04M | 741.00K | 524.00K | 734.00K | 1.82M |
| Other Operating Activities | 23.55M | 21.10M | 13.25M | 9.89M | 11.91M | 9.16M |
| Change in Accounts Receivable | -22.05M | -19.66M | -20.76M | -12.88M | -5.16M | -5.09M |
| Change in Accounts Payable | 15.15M | 12.03M | 113.00K | 4.50M | -21.11M | 23.90M |
| Change in Unearned Revenue | 36.82M | 38.74M | 24.40M | 14.99M | 10.02M | 6.43M |
| Change in Other Net Operating Assets | -70.60M | -68.74M | -31.46M | -12.54M | -19.23M | -23.45M |
| Operating Cash Flow | 276.08M | 218.01M | 165.96M | 119.37M | -23.55M | -22.74M |
| Capital Expenditures | -22.96M | -9.48M | -5.92M | -3.65M | -15.82M | -13.02M |
| Cash Acquisitions | -2.03M | -2.03M | -500.00K | |||
| Sale (Purchase) of Intangibles | -16.68M | -18.98M | -11.30M | -5.71M | -2.42M | -1.21M |
| Investing Cash Flow | -42.18M | -30.50M | -17.23M | -9.36M | -18.75M | -14.23M |
| Long-Term Debt Repaid | -19.00K | -21.00K | -21.00K | -16.00K | ||
| Net Debt Issued (Repaid) | -19.00K | -21.00K | -21.00K | -16.00K | ||
| Issuance of Common Stock | 10.70M | 13.49M | 17.89M | 349.51M | 71.33M | 351.69M |
| Repurchase of Common Stock | -347.48M | -17.98M | -23.66M | -81.62M | -140.41M | |
| Other Financing Activities | -25.14M | 30.00M | ||||
| Financing Cash Flow | -336.77M | -4.49M | -5.80M | 242.73M | 101.30M | 211.26M |
| Net Cash Flow | -102.88M | 183.03M | 142.93M | 352.74M | 59.00M | 174.29M |
| Free Cash Flow | 253.12M | 208.52M | 160.03M | 115.72M | -39.37M | -35.76M |
| Free Cash Flow Margin | 18.21% | 16.90% | 17.07% | 16.58% | -8.33% | -12.30% |
| Free Cash Flow Per Share | 0.84 | 0.72 | 0.60 | 0.48 | -0.17 | -0.16 |
| Levered Free Cash Flow | 284.64M | 230.95M | 184.82M | 235.20M | -13.90M | |
| Unlevered Free Cash Flow | 284.64M | 230.95M | 184.82M | 235.20M | -13.90M | |
| Cash Interest Paid | 8.00K | |||||
| Cash Income Tax Paid | 6.68M | 6.54M | 4.69M | 283.00K | 204.00K | 70.00K |
| Change in Working Capital | -40.67M | -37.62M | -27.71M | -5.92M | -35.49M | 1.79M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 5.73B | 9.80B | 11.12B | 7.19B | ||
| Enterprise Value | 5.02B | 8.94B | 10.34B | 6.52B | ||
| Last Close Price | 20.14 | 32.47 | 41.24 | 27.78 | ||
| Forward PE | 21.58 | 42.42 | 82.43 | 72.55 | ||
| PS Ratio | 4.13 | 7.95 | 11.86 | 10.29 | ||
| PB Ratio | 6.02 | 8.19 | 10.75 | 7.86 | ||
| P/TBV Ratio | 5.93 | 8.19 | 10.75 | 7.86 | ||
| P/FCF Ratio | 22.66 | 47.02 | 69.48 | 62.10 | ||
| P/OCF Ratio | 20.77 | 44.97 | 67.00 | 60.20 | ||
| PEG Ratio | 0.68 | 1.94 | 3.30 | |||
| EV/Sales Ratio | 3.61 | 7.24 | 11.03 | 9.34 | ||
| EV/FCF Ratio | 19.82 | 42.86 | 64.58 | 56.32 | ||
| Debt / Equity Ratio | 0.12 | 0.10 | 0.05 | 0.06 | -0.06 | -0.03 |
| Debt / FCF Ratio | 0.45 | 0.58 | 0.33 | 0.45 | ||
| Net Debt / Equity Ratio | -0.74 | -0.79 | -0.80 | -0.75 | 0.31 | 0.12 |
| Net Debt / EBITDA Ratio | 63.72 | 17.34 | 11.67 | 2.21 | 6.93 | 3.53 |
| Net Debt / FCF Ratio | -2.84 | -4.53 | -5.17 | -5.94 | 8.21 | 7.34 |
| Asset Turnover | 1.00 | 0.86 | 0.79 | 0.81 | 0.86 | |
| Quick Ratio | 2.83 | 3.99 | 4.62 | 5.83 | 4.67 | 4.34 |
| Current Ratio | 3.13 | 4.27 | 4.90 | 6.15 | 5.03 | 4.62 |
| Return on Equity (ROE) | 0.66% | -2.85% | -4.74% | |||
| Return on Assets (ROA) | -0.97% | -2.78% | -4.45% | -23.48% | -6.29% | |
| Return on Capital Employed (ROCE) | -2.00% | -4.90% | -7.80% | -33.70% | -10.10% | -20.40% |
| Earnings Yield | 0.11% | -0.32% | -0.41% | -4.29% | ||
| FCF Yield | 4.41% | 2.13% | 1.44% | 1.61% | ||
| Buyback Yield / Dilution | -10.02% | -9.22% | -9.65% | -5.67% | -4.07% |