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KVYO

Klaviyo, Inc.

KVYO

Klaviyo, Inc. • NYSE
$28.59 ▲ 0.70% (+0.20)
Market Cap $8.63 B
52w High $49.55
52w Low $23.44
Dividend Yield 0%
P/E -119.12
Volume 459.14K
Outstanding Shares 301.90M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $310.88M ▲ $245.573M ▼ $-426K ▲ -0.137% ▲ $-0.001 ▲ $3.786M ▲
Q2-2025 $293.117M ▲ $253.207M ▲ $-24.281M ▼ -8.284% ▼ $-0.085 ▼ $-27.395M ▼
Q1-2025 $279.827M ▲ $235.877M ▲ $-14.089M ▲ -5.035% ▲ $-0.05 ▲ $-18.969M ▲
Q4-2024 $270.164M ▲ $233.08M ▲ $-26.973M ▼ -9.984% ▼ $-0.1 ▼ $-29.708M ▼
Q3-2024 $235.094M $194.015M $-1.345M -0.572% $-0.005 $-8.716M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $980.267M ▲ $1.465B ▲ $322.986M ▲ $1.142B ▲
Q2-2025 $935.516M ▲ $1.398B ▲ $301.13M ▲ $1.097B ▲
Q1-2025 $888.432M ▲ $1.347B ▲ $283.379M ▲ $1.064B ▲
Q4-2024 $881.473M ▲ $1.273B ▲ $239.321M ▲ $1.034B ▲
Q3-2024 $826.742M $1.193B $178.458M $1.015B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-426K ▲ $54.76M ▼ $-9.736M ▼ $-273K ▲ $44.751M ▼ $54.233M ▼
Q2-2025 $-24.281M ▼ $55.725M ▲ $-7.307M ▲ $-1.335M ▼ $47.083M ▲ $63.993M ▲
Q1-2025 $-14.089M ▲ $14.362M ▼ $-7.741M ▼ $-37K ▼ $6.584M ▼ $6.621M ▼
Q4-2024 $-26.973M ▼ $60.089M ▲ $-5.628M ▼ $228K ▲ $54.689M ▲ $54.461M ▲
Q3-2024 $-1.345M $38.784M $-4.538M $-977K $33.269M $34.246M

Five-Year Company Overview

Income Statement

Income Statement Klaviyo’s revenue has been growing quickly each year, showing strong demand for its platform. The core business is high‑margin, meaning most of each dollar of sales is left after direct costs. However, the company still reports operating and net losses, though these losses have been shrinking over time. In plain terms: growth is strong, profitability is not here yet but is moving in the right direction, with improving efficiency as the business scales.

Balance Sheet

Balance Sheet The balance sheet looks cash‑rich and conservatively financed. The company holds a substantial cash cushion relative to its size and carries only modest debt. Equity has swung from negative to clearly positive, helped by fundraising and accumulated growth. Overall, the financial foundation appears solid, with flexibility to invest, absorb bumps in performance, and fund ongoing development without relying heavily on borrowing—though future dilution and use of that cash remain things to watch.

Cash Flow

Cash Flow Despite accounting losses, Klaviyo has recently turned its operations into a consistent source of cash. Operating cash flow and free cash flow have moved from slightly negative to clearly positive, suggesting the business model is becoming self‑funding. Capital spending needs are modest relative to cash generation. This combination—cash coming in, limited required investment, and a large cash balance—gives the company room to continue investing in growth and product development while keeping financial risk comparatively low.

Competitive Edge

Competitive Edge Klaviyo sits in a strong niche at the intersection of e‑commerce and marketing automation. Its deep integration with platforms like Shopify, focus on email and SMS as “owned” channels, and data‑centric architecture give it a clear edge versus more generic tools. High switching costs, due to embedded data and workflows, help keep customers locked in. At the same time, it operates in a crowded and fast‑moving space with large rivals, so sustaining this edge will depend on continuing to innovate and execute well internationally and across more channels.

Innovation and R&D

Innovation and R&D Innovation is a core part of Klaviyo’s story. The platform is built around a unified customer data layer that powers advanced segmentation, predictive analytics, and an expanding suite of AI tools. Management appears to be heavily prioritizing AI features, new communication channels like WhatsApp, and products that move beyond pre‑purchase marketing into the full customer lifecycle, such as the Customer Hub. If executed well, this could deepen its moat; if not, it risks spreading resources too thin in a highly competitive, rapidly evolving market.

Summary

Klaviyo combines fast growth, improving but still negative profitability, and a strong cash position with a differentiated product in a lucrative niche. Financially, it has moved from early‑stage losses and weak cash flow to a more mature profile where the business funds itself and holds a sizable cash buffer. Strategically, its close alignment with e‑commerce platforms, data‑first infrastructure, and AI‑driven roadmap provide clear opportunities, but also expose it to intense competition and rapid technology shifts. The key variables to watch are sustained revenue growth, the path to durable profitability, and the company’s ability to keep its product clearly ahead of rivals as marketing technology and AI continue to evolve.

NEWS

November 5, 2025 · 4:05 PM UTC

Klaviyo Delivers Outstanding Third Quarter with 32% Revenue Growth; Raises Full-Year Guidance

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October 15, 2025 · 5:16 PM UTC

Klaviyo to Announce Third Quarter 2025 Results on November 5, 2025

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September 26, 2025 · 7:00 AM UTC

Domaine Worldwide Named Winner of the 2025 Klaviyo Global Agency Partner of the Year

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September 25, 2025 · 9:31 AM UTC

Klaviyo Advances AI-first B2C CRM with the Launch of Marketing Agent and Customer Agent

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September 18, 2025 · 9:00 AM UTC

Klaviyo Recognized in IDC MarketScape for AI-Enabled Marketing Platforms

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