What is Klaviyo, Inc.'s earnings per share (EPS)?

Klaviyo, Inc. (KVYO) reported diluted earnings per share of $-0.11 for fiscal year 2025. This represents a 35.3% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Klaviyo, Inc. Financials

KVYO

Source SEC Filings (10-K/10-Q) Updated Dec 31, 2025 Currency USD FYE December

This page shows Klaviyo, Inc. (KVYO) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 5 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Financial Health Signals

Financial Profile 58/100

Based on FY2025 annual data. Scores normalized against common benchmarks. How we calculate these scores

Profitability

Klaviyo, Inc. has an operating margin of -5.5%, meaning the company retains $-5 of operating profit per $100 of revenue. This below-average margin results in a low score of 10/100, suggesting thin profitability after operating expenses. This is up from -9.0% the prior year.

Growth

Klaviyo, Inc.'s revenue surged 31.6% year-over-year to $1.2B, reflecting rapid business expansion. This strong growth earns a score of 86/100.

Leverage

Klaviyo, Inc. carries a low D/E ratio of 0.32, meaning only $0.32 of long-term debt for every $1 of shareholders' equity. This conservative leverage earns a score of 95/100, indicating a strong balance sheet with room for future borrowing.

Liquidity

With a current ratio of 4.27, Klaviyo, Inc. holds $4.27 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 85/100.

Cash Flow

Klaviyo, Inc. converts 16.9% of revenue into free cash flow ($208.5M). This strong cash generation earns a score of 67/100.

Returns

Klaviyo, Inc. generates a -2.6% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 5/100. This is up from -4.5% the prior year.

Piotroski F-Score Neutral

4/9

Klaviyo, Inc. passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.

Earnings Quality Mixed

-6.86x

For every $1 of reported earnings, Klaviyo, Inc. generates $-6.86 in operating cash flow ($218.0M OCF vs -$31.8M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Earnings & Revenue

Revenue

$1.2B

YoY+31.6%

Klaviyo, Inc. generated $1.2B in revenue in fiscal year 2025. This represents an increase of 31.6% from the prior year.

EBITDA

-$49.2M

YoY+25.9%

Klaviyo, Inc.'s EBITDA was -$49.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 25.9% from the prior year.

Net Income

-$31.8M

YoY+31.2%

Klaviyo, Inc. reported -$31.8M in net income in fiscal year 2025. This represents an increase of 31.2% from the prior year.

EPS (Diluted)

$-0.11

YoY+35.3%

Klaviyo, Inc. earned $-0.11 per diluted share (EPS) in fiscal year 2025. This represents an increase of 35.3% from the prior year.

Cash & Balance Sheet

Free Cash Flow

$208.5M

YoY+30.3%

Klaviyo, Inc. generated $208.5M in free cash flow in fiscal year 2025, representing cash available after capex. This represents an increase of 30.3% from the prior year.

Cash & Debt

$1.1B

YoY+20.8%

Klaviyo, Inc. held $1.1B in cash against $0 in long-term debt as of fiscal year 2025.

Dividends Per Share

N/A

Shares Outstanding

N/A

Margins & Returns

Gross Margin

74.7%

YoY-1.7pp

Klaviyo, Inc.'s gross margin was 74.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs. This is down 1.7 percentage points from the prior year.

Operating Margin

-5.5%

YoY+3.5pp

Klaviyo, Inc.'s operating margin was -5.5% in fiscal year 2025, reflecting core business profitability. This is up 3.5 percentage points from the prior year.

Net Margin

-2.6%

YoY+2.4pp

Klaviyo, Inc.'s net profit margin was -2.6% in fiscal year 2025, showing the share of revenue converted to profit. This is up 2.4 percentage points from the prior year.

Return on Equity

-2.6%

YoY+1.8pp

Klaviyo, Inc.'s ROE was -2.6% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 1.8 percentage points from the prior year.

Capital Allocation

R&D Spending

$291.2M

YoY+22.1%

Klaviyo, Inc. invested $291.2M in research and development in fiscal year 2025. This represents an increase of 22.1% from the prior year.

Share Buybacks

N/A

Capital Expenditures

$9.5M

YoY+60.2%

Klaviyo, Inc. invested $9.5M in capex in fiscal year 2025, funding long-term assets and infrastructure. This represents an increase of 60.2% from the prior year.

KVYO Income Statement

Metric	FY25	FY24	FY23	FY22	FY21
Revenue	$1.2B+31.6%	$937.5M+34.3%	$698.1M+47.7%	$472.7M+62.7%	$290.6M
Cost of Revenue	$312.5M+41.2%	$221.3M+24.4%	$177.9M+38.9%	$128.0M+51.2%	$84.7M
Gross Profit	$921.5M+28.7%	$716.2M+37.7%	$520.2M+50.9%	$344.7M+67.4%	$205.9M
R&D Expenses	$291.2M+22.1%	$238.5M-9.0%	$262.2M+151.9%	$104.1M+58.7%	$65.6M
SG&A Expenses	$191.8M+21.7%	$157.6M-18.9%	$194.3M+137.4%	$81.8M+29.4%	$63.2M
Operating Income	-$67.8M+19.4%	-$84.1M+74.6%	-$330.6M-500.7%	-$55.0M+30.5%	-$79.2M
Interest Expense	N/A	N/A	$0	$0-100.0%	$8K
Income Tax	$1.3M-49.2%	$2.5M+106.5%	$1.2M+1336.1%	$83K-74.0%	$319K
Net Income	-$31.8M+31.2%	-$46.1M+85.0%	-$308.2M-526.6%	-$49.2M+38.0%	-$79.4M
EPS (Diluted)	$-0.11+35.3%	$-0.17+86.6%	$-1.27-504.8%	$-0.21+41.7%	$-0.36

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Revenue	$350.2M+12.6%	$310.9M+6.1%	$293.1M+4.7%	$279.8M+3.6%	$270.2M+14.9%	$235.1M+5.8%	$222.2M+5.8%	$210.0M
Cost of Revenue	$97.4M+28.0%	$76.1M+6.9%	$71.2M+5.2%	$67.7M-5.6%	$71.7M+32.0%	$54.4M+8.1%	$50.3M+11.9%	$44.9M
Gross Profit	$252.8M+7.7%	$234.7M+5.8%	$221.9M+4.6%	$212.1M+6.9%	$198.4M+9.8%	$180.7M+5.1%	$171.9M+4.2%	$165.1M
R&D Expenses	$76.7M+5.6%	$72.7M+0.3%	$72.5M+4.5%	$69.3M-2.1%	$70.9M+27.1%	$55.8M+0.1%	$55.7M-0.6%	$56.1M
SG&A Expenses	$49.4M+9.2%	$45.3M-16.4%	$54.1M+25.8%	$43.0M-3.1%	$44.4M+16.1%	$38.2M+6.9%	$35.8M-8.8%	$39.2M
Operating Income	-$1.8M+83.0%	-$10.8M+65.4%	-$31.3M-31.9%	-$23.8M+31.5%	-$34.7M-161.0%	-$13.3M+5.5%	-$14.1M+36.4%	-$22.1M
Interest Expense	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Income Tax	$704K+474.5%	-$188K-110.4%	$1.8M+268.9%	-$1.1M-144.5%	$2.4M+299.8%	-$1.2M-239.4%	$861K+113.1%	$404K
Net Income	$7.0M+1749.8%	-$426K+98.2%	-$24.3M-72.3%	-$14.1M+47.8%	-$27.0M-1905.4%	-$1.3M+72.8%	-$4.9M+61.6%	-$12.9M
EPS (Diluted)	N/A	$0.00+100.0%	$-0.09-80.0%	$-0.05	N/A	$-0.01+50.0%	$-0.02+60.0%	$-0.05

KVYO Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21
Total Assets	$1.6B+24.1%	$1.3B+16.9%	$1.1B+73.1%	$629.1M	N/A
Current Assets	$1.2B+23.1%	$979.7M+21.9%	$803.5M+87.9%	$427.5M	N/A
Cash & Equivalents	$1.1B+20.8%	$881.5M+19.3%	$738.6M+91.4%	$385.8M+17.7%	$327.9M
Inventory	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$60.7M+40.9%	$43.1M+86.8%	$23.1M+115.2%	$10.7M	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$384.0M+60.5%	$239.3M+37.3%	$174.3M-89.5%	$1.7B	N/A
Current Liabilities	$282.2M+41.2%	$199.9M+53.0%	$130.6M+53.7%	$85.0M	N/A
Long-Term Debt	N/A	N/A	N/A	N/A	N/A
Total Equity	$1.2B+15.7%	$1.0B+13.0%	$914.8M+188.3%	-$1.0B+53.7%	-$2.2B
Retained Earnings	-$877.0M-3.8%	-$845.2M-5.8%	-$799.0M+65.0%	-$2.3B	N/A

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Total Assets	$1.6B+7.9%	$1.5B+4.8%	$1.4B+3.8%	$1.3B+5.8%	$1.3B+6.7%	$1.2B+3.8%	$1.1B+3.7%	$1.1B
Current Assets	$1.2B+8.7%	$1.1B+4.6%	$1.1B+5.3%	$1.0B+2.8%	$979.7M+6.9%	$916.2M+5.0%	$872.4M+5.6%	$826.4M
Cash & Equivalents	$1.1B+8.6%	$980.3M+4.8%	$935.5M+5.3%	$888.4M+0.8%	$881.5M+6.6%	$826.7M+4.2%	$793.6M+5.0%	$755.8M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	$60.7M-0.9%	$61.2M+4.1%	$58.8M+9.2%	$53.9M+25.1%	$43.1M+25.0%	$34.5M+17.9%	$29.2M+25.8%	$23.2M
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$384.0M+18.9%	$323.0M+7.3%	$301.1M+6.3%	$283.4M+18.4%	$239.3M+34.1%	$178.5M+4.8%	$170.3M-0.4%	$170.9M
Current Liabilities	$282.2M+24.1%	$227.5M+6.2%	$214.2M+11.1%	$192.8M-3.5%	$199.9M+40.4%	$142.3M+8.1%	$131.6M+1.4%	$129.7M
Long-Term Debt	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Equity	$1.2B+4.8%	$1.1B+4.1%	$1.1B+3.1%	$1.1B+2.9%	$1.0B+1.9%	$1.0B+3.6%	$979.5M+4.5%	$937.5M
Retained Earnings	-$877.0M+0.8%	-$884.0M0.0%	-$883.6M-2.8%	-$859.3M-1.7%	-$845.2M-3.3%	-$818.2M-0.2%	-$816.9M-0.6%	-$811.9M

KVYO Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21
Operating Cash Flow	$218.0M+31.4%	$166.0M+39.0%	$119.4M+606.8%	-$23.6M-3.6%	-$22.7M
Capital Expenditures	$9.5M+60.2%	$5.9M+62.1%	$3.7M-76.9%	$15.8M+21.5%	$13.0M
Free Cash Flow	$208.5M+30.3%	$160.0M+38.3%	$115.7M+393.9%	-$39.4M-10.1%	-$35.8M
Investing Cash Flow	-$30.5M-77.0%	-$17.2M-84.1%	-$9.4M+50.1%	-$18.7M-31.7%	-$14.2M
Financing Cash Flow	-$4.5M+22.7%	-$5.8M-102.4%	$242.7M+139.6%	$101.3M-52.1%	$211.3M
Dividends Paid	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	$0	$0-100.0%	$140.4M

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Operating Cash Flow	$93.2M+70.1%	$54.8M-1.7%	$55.7M+288.0%	$14.4M-76.1%	$60.1M+54.9%	$38.8M-5.2%	$40.9M+56.2%	$26.2M
Capital Expenditures	$2.5M+8.4%	$2.3M+10.4%	$2.1M-23.3%	$2.7M+14.5%	$2.3M+51.6%	$1.5M+101.2%	$769K-38.9%	$1.3M
Free Cash Flow	$90.7M+72.8%	$52.5M-2.2%	$53.7M+359.6%	$11.7M-79.8%	$57.7M+55.1%	$37.2M-7.2%	$40.1M+61.0%	$24.9M
Investing Cash Flow	-$5.7M+41.3%	-$9.7M-33.2%	-$7.3M+5.6%	-$7.7M-37.5%	-$5.6M-24.0%	-$4.5M-18.3%	-$3.8M-18.9%	-$3.2M
Financing Cash Flow	-$2.8M-940.3%	-$273K+79.6%	-$1.3M-3508.1%	-$37K-116.2%	$228K+123.3%	-$977K-242.2%	$687K+112.0%	-$5.7M
Dividends Paid	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Share Buybacks	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

KVYO Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21
Gross Margin	74.7%-1.7pp	76.4%+1.9pp	74.5%+1.6pp	72.9%+2.1pp	70.9%
Operating Margin	-5.5%+3.5pp	-9.0%+38.4pp	-47.4%-35.7pp	-11.6%+15.6pp	-27.3%
Net Margin	-2.6%+2.4pp	-4.9%+39.2pp	-44.1%-33.7pp	-10.4%+16.9pp	-27.3%
Return on Equity	-2.6%+1.8pp	-4.5%+29.2pp	-33.7%	N/A	N/A
Return on Assets	-2.0%+1.6pp	-3.6%+24.7pp	-28.3%-20.5pp	-7.8%	N/A
Current Ratio	4.27-0.6	4.90-1.3	6.15+1.1	5.03	N/A
Debt-to-Equity	0.32+0.1	0.23+0.0	0.19+1.8	-1.61	N/A
FCF Margin	16.9%-0.2pp	17.1%+0.5pp	16.6%+24.9pp	-8.3%+4.0pp	-12.3%

Metric	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24	Q1'24
Gross Margin	72.2%-3.3pp	75.5%-0.2pp	75.7%-0.1pp	75.8%+2.4pp	73.5%-3.4pp	76.9%-0.5pp	77.4%-1.2pp	78.6%
Operating Margin	-0.5%+3.0pp	-3.5%+7.2pp	-10.7%-2.2pp	-8.5%+4.3pp	-12.8%-7.2pp	-5.7%+0.7pp	-6.3%+4.2pp	-10.5%
Net Margin	2.0%+2.1pp	-0.1%+8.1pp	-8.3%-3.3pp	-5.0%+5.0pp	-10.0%-9.4pp	-0.6%+1.7pp	-2.2%+3.9pp	-6.1%
Return on Equity	0.6%+0.6pp	-0.0%+2.2pp	-2.2%-0.9pp	-1.3%+1.3pp	-2.6%-2.5pp	-0.1%+0.4pp	-0.5%+0.9pp	-1.4%
Return on Assets	0.4%+0.5pp	-0.0%+1.7pp	-1.7%-0.7pp	-1.1%+1.1pp	-2.1%-2.0pp	-0.1%+0.3pp	-0.4%+0.7pp	-1.2%
Current Ratio	4.27-0.6	4.88-0.1	4.95-0.3	5.22+0.3	4.90-1.5	6.44-0.2	6.63+0.3	6.37
Debt-to-Equity	0.32+0.0	0.280.0	0.270.0	0.27+0.0	0.23+0.1	0.180.0	0.170.0	0.18
FCF Margin	25.9%+9.0pp	16.9%-1.4pp	18.3%+14.1pp	4.2%-17.2pp	21.4%+5.5pp	15.8%-2.2pp	18.1%+6.2pp	11.9%

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Frequently Asked Questions

What is Klaviyo, Inc.'s annual revenue?

Klaviyo, Inc. (KVYO) reported $1.2B in total revenue for fiscal year 2025. This represents a 31.6% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Klaviyo, Inc.'s revenue growing?

Klaviyo, Inc. (KVYO) revenue grew by 31.6% year-over-year, from $937.5M to $1.2B in fiscal year 2025.

Is Klaviyo, Inc. profitable?

No, Klaviyo, Inc. (KVYO) reported a net income of -$31.8M in fiscal year 2025, with a net profit margin of -2.6%.

What is Klaviyo, Inc.'s EBITDA?

Klaviyo, Inc. (KVYO) had EBITDA of -$49.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.

What is Klaviyo, Inc.'s gross margin?

Klaviyo, Inc. (KVYO) had a gross margin of 74.7% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.

What is Klaviyo, Inc.'s operating margin?

Klaviyo, Inc. (KVYO) had an operating margin of -5.5% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.

What is Klaviyo, Inc.'s net profit margin?

Klaviyo, Inc. (KVYO) had a net profit margin of -2.6% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

What is Klaviyo, Inc.'s return on equity (ROE)?

Klaviyo, Inc. (KVYO) has a return on equity of -2.6% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Klaviyo, Inc.'s free cash flow?

Klaviyo, Inc. (KVYO) generated $208.5M in free cash flow during fiscal year 2025. This represents a 30.3% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.

What is Klaviyo, Inc.'s operating cash flow?

Klaviyo, Inc. (KVYO) generated $218.0M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Klaviyo, Inc.'s total assets?

Klaviyo, Inc. (KVYO) had $1.6B in total assets as of fiscal year 2025, including both current and long-term assets.

What are Klaviyo, Inc.'s capital expenditures?

Klaviyo, Inc. (KVYO) invested $9.5M in capital expenditures during fiscal year 2025, funding long-term assets and infrastructure.

How much does Klaviyo, Inc. spend on research and development?

Klaviyo, Inc. (KVYO) invested $291.2M in research and development during fiscal year 2025.

What is Klaviyo, Inc.'s current ratio?

Klaviyo, Inc. (KVYO) had a current ratio of 4.27 as of fiscal year 2025, which is generally considered healthy.

What is Klaviyo, Inc.'s debt-to-equity ratio?

Klaviyo, Inc. (KVYO) had a debt-to-equity ratio of 0.32 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Klaviyo, Inc.'s return on assets (ROA)?

Klaviyo, Inc. (KVYO) had a return on assets of -2.0% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Klaviyo, Inc.'s Piotroski F-Score?

Klaviyo, Inc. (KVYO) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7–9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Klaviyo, Inc.'s earnings high quality?

Klaviyo, Inc. (KVYO) has an earnings quality ratio of -6.86x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Klaviyo, Inc.?

Klaviyo, Inc. (KVYO) scores 58 out of 100 on our Financial Profile, indicating moderate overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.