Klaviyo, Inc. (KVYO) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 3, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 5, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the KVYO SEC filings page.
Klaviyo, Inc. (KVYO) reported $1.4B in revenue over the twelve months to Jun 30, 2026, up 28.9% from the prior twelve months. This page shows its 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).
Klaviyo is scaling quickly while turning sales into cash, but reported operating losses show monetization still trails efficient growth.
Cash conversion has strengthened ahead of accounting profitability: operating cash flow rose from$119M in FY2023 to$218M in FY2025, while the company still reported a FY2025 net loss of$32M . Because free cash flow stayed close to operating cash flow at$209M , the business is currently generating cash with relatively modest reinvestment rather than relying on heavy capital spending.
Scale is improving operating efficiency, not yet producing profits: revenue reached
The balance sheet remains liquid but less excess-liquidity-heavy: current assets increased to
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Klaviyo, Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Klaviyo, Inc. has an operating margin of -5.5%, meaning the company loses $5 on every $100 of revenue. This results in a profitability score of 23/100. This is up from -9.0% the prior year.
Klaviyo, Inc.'s revenue surged 31.6% year-over-year to $1.2B, reflecting rapid business expansion. This strong growth earns a score of 91/100.
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 68/100, indicating a strong balance sheet with room for future borrowing.
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 89/100.
Klaviyo, Inc. converts 16.9% of revenue into free cash flow ($208.5M). This strong cash generation earns a score of 81/100.
Klaviyo, Inc. posts a -2.6% return on equity (ROE), meaning it loses $3 for every $100 of shareholders' equity. This results in a returns score of 23/100. This is up from -4.5% the prior year.
Klaviyo, Inc. scores 7.55, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($4.5B) relative to total liabilities ($384.0M). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Klaviyo, Inc. passes 4 of 7 computable financial strength tests (2 of the nine could not be computed from available data). 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), 1 of 2 efficiency signals pass.
Klaviyo, Inc. reported a net loss of $31.8M while generating $218.0M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal.
Key Financial Metrics
Earnings & Revenue
Klaviyo, Inc. generated $370.6M in revenue in Q2 2026. This represents an increase of 26.4% from the same quarter a year earlier. Against the prior quarter it is up 3.5%.
Klaviyo, Inc.'s EBITDA was -$7.7M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 71.9% from the same quarter a year earlier. Against the prior quarter it is down 195.1%.
Klaviyo, Inc. reported -$8.8M in net income in Q2 2026. This represents an increase of 63.6% from the same quarter a year earlier. Against the prior quarter it is down 197.9%.
Klaviyo, Inc. earned -$0.03 per diluted share (EPS) in Q2 2026. This represents an increase of 66.7% from the same quarter a year earlier. Against the prior quarter it is down 200.0%.
Cash & Balance Sheet
Klaviyo, Inc. generated $87.3M in free cash flow in Q2 2026, representing cash available after capex. This represents an increase of 62.7% from the same quarter a year earlier. Against the prior quarter it is up 286.2%.
Klaviyo, Inc. held $832.6M in cash as of Q2 2026; long-term debt is not reported for that period.
Not reported for Q2 2026.
Margins & Returns
Klaviyo, Inc.'s gross margin was 72.6% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is down 3.1 percentage points from the same quarter a year earlier. Against the prior quarter it is down 2.5 percentage points.
Klaviyo, Inc.'s operating margin was -4.0% in Q2 2026, reflecting core business profitability. This is up 6.7 percentage points from the same quarter a year earlier. Against the prior quarter it is down 4.5 percentage points.
Klaviyo, Inc.'s net profit margin was -2.4% in Q2 2026, showing the share of revenue converted to profit. This is up 5.9 percentage points from the same quarter a year earlier. Against the prior quarter it is down 4.9 percentage points.
Klaviyo, Inc.'s ROE was -0.9% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 1.3 percentage points from the same quarter a year earlier. Against the prior quarter it is down 1.7 percentage points.
Capital Allocation
Klaviyo, Inc. invested $91.9M in research and development in Q2 2026. This represents an increase of 26.9% from the same quarter a year earlier. Against the prior quarter it is up 14.9%.
Klaviyo, Inc. spent $233.6M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. Against the prior quarter it is up 133.6%.
Klaviyo, Inc. invested $6.6M in capex in Q2 2026, funding long-term assets and infrastructure. This represents an increase of 218.3% from the same quarter a year earlier. Against the prior quarter it is down 43.8%.
KVYO Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $370.6M+26.4% | $358.0M+27.9% | $350.2M+29.6% | $310.9M+32.2% | $293.1M+31.9% | $279.8M+33.3% | $270.2M+34.0% | $235.1M+33.7% |
| Cost of Revenue | $101.5M+42.4% | $89.1M+31.6% | $97.4M+35.8% | $76.1M+40.1% | $71.2M+41.7% | $67.7M+50.7% | $71.7M+59.4% | $54.4M-7.6% |
| Gross Profit | $269.1M+21.3% | $268.9M+26.8% | $252.8M+27.4% | $234.7M+29.9% | $221.9M+29.0% | $212.1M+28.5% | $198.4M+26.7% | $180.7M+54.5% |
| R&D Expenses | $91.9M+26.9% | $80.0M+15.4% | $76.7M+8.3% | $72.7M+30.3% | $72.5M+30.0% | $69.3M+23.6% | $70.9M+34.6% | $55.8M-60.6% |
| SG&A Expenses | $52.8M-2.4% | $53.1M+23.4% | $49.4M+11.4% | $45.3M+18.4% | $54.1M+51.3% | $43.0M+9.7% | $44.4M+17.5% | $38.2M-65.2% |
| Operating Income | -$15.0M+52.2% | $1.7M+107.3% | -$1.8M+94.7% | -$10.8M+18.4% | -$31.3M-122.9% | -$23.8M-7.5% | -$34.7M+4.6% | -$13.3M+95.6% |
| EBITDA | -$7.7M+71.9% | $8.1M+142.6% | $3.7M+112.3% | -$6.5M+25.9% | -$27.4M-179.0% | -$19.0M-4.7% | -$29.7M+8.6% | -$8.7M+97.1% |
| Income Tax | $1.7M-3.2% | $1.7M+257.8% | $704K-70.6% | -$188K+84.3% | $1.8M+109.1% | -$1.1M-363.9% | $2.4M+503.5% | -$1.2M-246.5% |
| Net Income | -$8.8M+63.6% | $9.0M+164.1% | $7.0M+126.1% | -$426K+68.3% | -$24.3M-391.3% | -$14.1M-9.4% | -$27.0M-2.6% | -$1.3M+99.5% |
| EPS (Basic) | -$0.03+66.7% | $0.03+160.0% | $0.03+130.0% | $0.00+100.0% | -$0.09-350.0% | -$0.050.0% | -$0.10-25.0% | -$0.01+99.2% |
| EPS (Diluted) | -$0.03+66.7% | $0.03+160.0% | $0.03+130.0% | $0.00+100.0% | -$0.09-350.0% | -$0.050.0% | -$0.10-25.0% | -$0.01 |
| Diluted Shares (Avg) | 297M+4.2% | 306M+11.5% | N/A | 301M+12.3% | 285M+7.4% | 274M+4.9% | N/A | 268M |
Not reported in any period shown, so not listed: Interest Expense.
KVYO Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $1.4B-1.0% | $1.5B+13.1% | $1.6B+24.1% | $1.5B+22.8% | $1.4B+21.6% | $1.3B+21.6% | $1.3B+16.9% | $1.2B+11.4% |
| Current Assets | $1.0B-5.0% | $1.1B+13.8% | $1.2B+23.1% | $1.1B+21.2% | $1.1B+21.6% | $1.0B+21.9% | $979.7M+21.9% | $916.2M+17.3% |
| Cash & Equivalents | $832.6M-11.0% | $984.6M+10.8% | $1.1B+20.8% | $980.3M+18.6% | $935.5M+17.9% | $888.4M+17.5% | $881.5M+19.3% | $826.7M+14.3% |
| Short-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Receivable | $79.4M+34.9% | $72.3M+34.1% | $60.7M+40.9% | $61.2M+77.7% | $58.8M+101.3% | $53.9M+132.0% | $43.1M+86.8% | $34.5M+98.3% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $417.1M+38.5% | $370.2M+30.6% | $384.0M+60.5% | $323.0M+81.0% | $301.1M+76.8% | $283.4M+65.8% | $239.3M+37.3% | $178.5M+7.5% |
| Current Liabilities | $322.1M+50.4% | $271.0M+40.6% | $282.2M+41.2% | $227.5M+59.8% | $214.2M+62.8% | $192.8M+48.6% | $199.9M+53.0% | $142.3M+18.9% |
| Non-Current Liabilities | $95.0M+9.4% | $99.1M+9.4% | $101.8M+158.2% | $95.5M+164.3% | $86.9M+124.4% | $90.6M+119.8% | $39.4M-9.7% | $36.1M-22.2% |
| Total Equity | $967.0M-11.8% | $1.2B+8.4% | $1.2B+15.7% | $1.1B+12.5% | $1.1B+12.0% | $1.1B+13.5% | $1.0B+13.0% | $1.0B+12.1% |
| Retained Earnings | -$876.8M+0.8% | -$867.9M-1.0% | -$877.0M-3.8% | -$884.0M-8.0% | -$883.6M-8.2% | -$859.3M-5.8% | -$845.2M-5.8% | -$818.2M-5.9% |
Not reported in any period shown, so not listed: Inventory, Goodwill, Long-Term Debt.
KVYO Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $93.9M+68.5% | $34.3M+138.7% | $93.2M+55.0% | $54.8M+41.2% | $55.7M+36.2% | $14.4M-45.1% | $60.1M+55.5% | $38.8M+63.6% |
| Depreciation & Amortization | $7.3M+85.0% | $6.3M+32.5% | $5.5M+11.3% | $4.4M-4.0% | $3.9M-7.2% | $4.8M+20.3% | $4.9M+29.2% | $4.6M+35.9% |
| Stock-Based Compensation | $51.3M+13.1% | $41.8M+9.1% | N/A | $40.4M+28.1% | $45.4M+35.5% | $38.3M+7.6% | N/A | $31.6M-89.5% |
| Capital Expenditures | $6.6M+218.3% | $11.7M+334.5% | $2.5M+5.1% | $2.3M+47.0% | $2.1M+167.9% | $2.7M+113.3% | $2.3M-17.1% | $1.5M+2764.8% |
| Free Cash Flow | $87.3M+62.7% | $22.6M+93.7% | $90.7M+57.1% | $52.5M+41.0% | $53.7M+33.7% | $11.7M-53.1% | $57.7M+61.2% | $37.2M+57.5% |
| Investing Cash Flow | -$11.0M-50.7% | -$15.7M-103.0% | -$5.7M-1.5% | -$9.7M-114.5% | -$7.3M-90.5% | -$7.7M-140.0% | -$5.6M-43.5% | -$4.5M-148.0% |
| Financing Cash Flow | -$234.8M-17489.1% | -$98.8M-267056.8% | -$2.8M-1345.6% | -$273K+72.1% | -$1.3M-294.3% | -$37K+99.4% | $228K+101.2% | -$977K-100.4% |
| Share Buybacks | $233.6M | $100.0M | N/A | N/A | $0 | $0 | N/A | N/A |
Not reported in any period shown, so not listed: Dividends Paid.
KVYO Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 72.6%-3.1pp | 75.1%-0.7pp | 72.2%-1.3pp | 75.5%-1.4pp | 75.7%-1.7pp | 75.8%-2.8pp | 73.5%-4.2pp | 76.9%+10.3pp |
| Operating Margin | -4.0%+6.7pp | 0.5%+9.0pp | -0.5%+12.3pp | -3.5%+2.2pp | -10.7%-4.4pp | -8.5%+2.0pp | -12.8%+5.2pp | -5.7% |
| Net Margin | -2.4%+5.9pp | 2.5%+7.5pp | 2.0%+12.0pp | -0.1%+0.4pp | -8.3%-6.1pp | -5.0%+1.1pp | -10.0%+3.1pp | -0.6% |
| Return on Equity | -0.9%+1.3pp | 0.8%+2.1pp | 0.6%+3.2pp | 0.0%+0.1pp | -2.2%-1.7pp | -1.3%+0.1pp | -2.6%+0.3pp | -0.1%+32.7pp |
| Return on Assets | -0.6%+1.1pp | 0.6%+1.6pp | 0.4%+2.6pp | 0.0%+0.1pp | -1.7%-1.3pp | -1.1%+0.1pp | -2.1%+0.3pp | -0.1%+27.6pp |
| Current Ratio | 3.13-1.8x | 4.23-1.0x | 4.27-0.6x | 4.88-1.6x | 4.95-1.7x | 5.22-1.1x | 4.90-1.3x | 6.44-0.1x |
| Debt-to-Equity | 0.43+0.2x | 0.32+0.1x | 0.32+0.1x | 0.28+0.1x | 0.27+0.1x | 0.27+0.1x | 0.230.0x | 0.180.0x |
| Asset Turnover | 0.27+0.1x | 0.230.0x | 0.220.0x | 0.210.0x | 0.210.0x | 0.210.0x | 0.210.0x | 0.200.0x |
| FCF Margin | 23.6%+5.2pp | 6.3%+2.2pp | 25.9%+4.5pp | 16.9%+1.0pp | 18.3%+0.3pp | 4.2%-7.7pp | 21.4%+3.6pp | 15.8%+2.4pp |
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Klaviyo, Inc. KVYO | FY2025 | $1.2B | -$31.8M | -2.6% | $4.5B | 63/100 |
| WIX.com Ltd. WIX | FY2025 | $2.0B | $50.6M | 2.5% | $3.0B | 30/100 |
| Amdocs Limited DOX | FY2024 | $5.0B | $493.2M | 9.8% | $6.1B | — |
| GitLab Inc. GTLB | FY2026 | $955.2M | -$58.6M | -6.1% | $8.3B | 56/100 |
| Dropbox, Inc. DBX | FY2025 | $2.5B | $508.4M | 20.2% | $7.4B | 50/100 |
| Shift4 Payments, Inc. FOUR | FY2025 | $4.2B | $147.0M | 3.5% | $2.9B | 54/100 |
Where Klaviyo, Inc. Ranks
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 P/E ratio?
Klaviyo, Inc. (KVYO) trades at 659x earnings, its market capitalization divided by net income of $6.8M net income, trailing 12 months to June 30, 2026. The market capitalization is $4.5B as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Klaviyo, Inc.'s price-to-sales ratio?
Klaviyo, Inc. (KVYO) trades at 3.2x sales, its market capitalization divided by revenue of $1.4B revenue, trailing 12 months to June 30, 2026. The market capitalization is $4.5B as of Oct 3, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Klaviyo, Inc.'s Altman Z-Score?
Klaviyo, Inc. (KVYO) has an Altman Z-Score of 7.55, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Klaviyo, Inc.'s Piotroski F-Score?
Klaviyo, Inc. (KVYO) has a Piotroski F-Score of 4 out of 7 computable signals; 2 of the nine could not be computed from available data, so the full-scale strength rating is not shown. 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 to 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) reported a net loss of $31.8M while generating $218.0M in operating cash flow. Operations generated cash despite the loss, but with no positive earnings behind it, the ratio between the two carries no quality signal. 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 63 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.