Klaviyo, Inc.
Business
Klaviyo is a B2C customer relationship management platform that enables consumer companies to unify customer data, intelligence, and marketing/service actions across channels. The platform combines a centralized data store (Klaviyo Data Platform), machine-learning intelligence layer, and action layer with capabilities including email, SMS, WhatsApp, and service tools, alongside AI agents for marketing and customer support. Klaviyo serves over 193,000 businesses ranging from SMBs to enterprises through a product-led, subscription-based model priced primarily on active customer profiles and message volume, generating revenue from tiered monthly and annual plans across retail, eCommerce, and expanding verticals.
Summary from 10-K filed 2026-02-10
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Revenue | 1,234 | 937 | 698 | 473 | 291 | |
| Cost of revenue | 313 | 221 | 178 | 128 | 85 | |
| Gross profit | 921 | 716 | 520 | 345 | 206 | |
| Selling and marketing | 506 | 404 | 394 | 214 | 156 | |
| Research and development | 291 | 238 | 262 | 104 | 66 | |
| General and administrative | 192 | 158 | 194 | 82 | 63 | |
| Total operating expenses | 989 | 800 | 851 | 400 | 285 | |
| Operating loss | −68 | −84 | −331 | −55 | −79 | |
| Other (expense) income | −2 | 816,000 | −470,000 | 388,000 | 28,000 | |
| Interest income | 39 | 40 | 24 | 6 | 139,000 | |
| Total other income | 37 | 40 | 24 | 6 | 159,000 | |
| Loss before income taxes | −31 | −44 | −307 | −49 | −79 | |
| Provision for income taxes | 1 | 2 | 1 | 83,000 | 319,000 | |
| Net loss | −32 | −46 | −308 | −49 | −79 | |
| Comprehensive loss | −32 | −46 | −308 | −49 | −79 | |
| Net loss per share attributable to Series A and Series B common stockholders, basic (in dollars per share) | −0.11 | −0.17 | −1.27 | −0.21 | −0.36 | |
| Net loss per share attributable to Series A and Series B common stockholders, diluted (in dollars per share) | −0.11 | −0.17 | −1.27 | −0.21 | −0.36 | |
| Weighted average common shares outstanding, basic (in shares) | 291 | 266 | 243 | 230 | 221 | |
| Weighted average common shares outstanding, diluted (in shares) | 291 | 266 | 243 | 230 | 221 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 1,100 | 881 | 739 | 386 | — | |
| Restricted cash | 700,000 | 400,000 | 400,000 | 400,000 | — | |
| Accounts receivable, net of allowance for doubtful accounts | 61 | 43 | 23 | 11 | — | |
| Deferred contract acquisition costs, current | 30 | 21 | 15 | 11 | — | |
| Prepaid expenses and other current assets | 50 | 34 | 26 | 19 | — | |
| Total current assets | 1,206 | 980 | 803 | 428 | — | |
| Property and equipment, net | 80 | 48 | 43 | 46 | — | |
| Right-of-use assets, net | 101 | 43 | 37 | 46 | — | |
| Deferred contract acquisition costs, non-current | 48 | 33 | 23 | 16 | — | |
| Restricted cash, non-current | 0 | 700,000 | 700,000 | 700,000 | — | |
| Prepaid marketing expense | 133 | 153 | 174 | 84 | — | |
| Other non-current assets | 12 | 16 | 7 | 9 | — | |
| Total assets | 1,581 | 1,273 | 1,089 | 629 | — | |
| Accounts payable | 29 | 15 | 14 | 9 | — | |
| Accrued expenses | 125 | 100 | 63 | 36 | — | |
| Lease liabilities, current | 25 | 21 | 14 | 15 | — | |
| Deferred revenue | 103 | 64 | 40 | 25 | — | |
| Total current liabilities | 282 | 200 | 131 | 85 | — | |
| Lease liabilities, non-current | 96 | 32 | 37 | 48 | — | |
| Other non-current liabilities | 6 | 7 | 6 | 876,000 | — | |
| Total liabilities | 384 | 239 | 174 | 133 | — | |
| Preferred stock: $0.001 par value; 100,000,000 and 100,000,000 shares authorized; 0 and 0 shares issued; 0 and 0 shares outstanding at December 31, 2025 and 2024, respectively. | 0 | 0 | 0 | 0 | — | |
| Additional paid-in capital | 2,073 | 1,879 | 1,714 | 1,249 | — | |
| Accumulated deficit | −877 | −845 | −799 | −2,285 | — | |
| Total stockholders equity | 1,197 | 1,034 | 915 | −1,036 | −2,236 | |
| Total liabilities and stockholders equity | 1,581 | 1,273 | 1,089 | 629 | — |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization expense | 19 | 18 | 14 | 9 | 5 | |
| Non-cash operating lease costs | 25 | 13 | 13 | 12 | 9 | |
| Amortization of deferred contract acquisition costs | 30 | 20 | 16 | 11 | 3 | |
| Amortization of prepaid marketing expense | 53 | 53 | 53 | 22 | 0 | |
| Gain on derecognition of asset retirement obligation | −588,000 | 0 | 0 | — | — | |
| Loss on disposal of property and equipment | 776,000 | 235,000 | 6,000 | 0 | 5,000 | |
| Bad debt expense | 2 | 741,000 | 524,000 | 734,000 | 2 | |
| Stock-based compensation expense | 162 | 135 | 341 | 7 | 35 | |
| Deferred income tax | −3 | 559,000 | −3 | 0 | 0 | |
| Other | 0 | 10,000 | 118,000 | 75,000 | 42,000 | |
| Accounts receivable | −20 | −21 | −13 | −5 | −5 | |
| Deferred contract acquisition costs | −54 | −34 | −27 | −20 | −11 | |
| Prepaid expenses, prepaid taxes, and other assets | −7 | −17 | −2 | −5 | −14 | |
| Accounts payable | 12 | 113,000 | 5 | −21 | 24 | |
| Accrued expenses | 18 | 36 | 27 | 15 | 13 | |
| Deferred revenue | 39 | 24 | 15 | 10 | 6 | |
| Operating lease liabilities | −24 | −17 | −15 | −9 | −10 | |
| Other non-current liabilities | −1 | 840,000 | 5 | 38,000 | −954,000 | |
| Net cash provided by operating activities | 218 | 166 | 119 | −24 | −23 | |
| Acquisition of property and equipment | −9 | −6 | −4 | −16 | −13 | |
| Capitalization of software development costs | −19 | −11 | −6 | −2 | −987,000 | |
| Acquisition of business | −2 | 0 | 0 | −500,000 | 0 | |
| Net cash used in investing activities | −30 | −17 | −9 | −19 | −14 | |
| Proceeds from exercise of common stock options | 2 | 10 | 4 | 2 | 6 | |
| Cash paid for finance leases | 0 | −19,000 | −21,000 | −21,000 | −16,000 | |
| Proceeds from exercise of warrants | 15,000 | 14,000 | 62,000 | 45,000 | 0 | |
| Proceeds from issuance of common stock, net of issuance costs | 0 | 0 | 0 | 100 | 346 | |
| Proceeds from issuance of common stock in initial public offering, net of issuance costs | 0 | 0 | 320 | 0 | 0 | |
| Employee taxes paid related to net share settlement of stock-based awards | −18 | −24 | −82 | 0 | 0 | |
| Proceeds from employee stock purchase plan | 11 | 8 | 0 | 0 | — | |
| Net cash (used in) provided by financing activities | −4 | −6 | 243 | 101 | 211 | |
| Net increase in cash, cash equivalents, and restricted cash | 183 | 143 | 353 | 59 | 174 | |
| Cash paid for income taxes, net of refunds | 7 | 5 | 283,000 | 204,000 | — | |
| Recognition of prepaid marketing asset | 32 | 32 | 142 | 106 | 0 | |
| Vesting of restricted common stock | 0 | 0 | 75,000 | 101,000 | 100,000 | |
| Accretion of common stock subject to redemption | 0 | 0 | −400 | 1,034 | −1,543 | |
| Unpaid purchases of property and equipment | 12 | 2 | 472,000 | 44,000 | 2 | |
| Reclassification of redeemable common stock to Series B common stock | 0 | 0 | 1,932 | 0 | 0 | |
| Non-cash acquisition of property and equipment through tenant incentives | 8 | 0 | 0 | — | — | |
| Capitalization of stock-based compensation expense related to internal-use software | 4 | 4 | 1 | 0 | 2,000 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Klaviyo, Inc.'s CIK number?
Klaviyo, Inc.'s SEC CIK number is 0001835830 (1835830). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Klaviyo, Inc.'s SEC filings?
All of Klaviyo, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Klaviyo, Inc. last report earnings?
Klaviyo, Inc. (KVYO) most recently filed an earnings 8-K with the SEC on May 5, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001835830-26-000026). This is Klaviyo, Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Klaviyo, Inc.'s most recent earnings 8-K?
Klaviyo, Inc.'s latest earnings 8-K (Item 2.02) was filed May 5, 2026 under accession 0001835830-26-000026. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Klaviyo, Inc.'s latest earnings 8-K →
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