Klaviyo, Inc.KVYO

Klaviyo, Inc. Revenue Disclosure

10-KFiled Feb 10, 20261 min read
3. Revenue Recognition
Disaggregation of Revenue
The Company provides disaggregation of revenue based on geographic region in Note 14. Segment Information and Geographic Data.
Deferred Revenue
The change in deferred revenue reflects billings during the period for which the performance obligation was not satisfied prior to the end of the period, partially offset by revenues recognized during the period. The following table summarizes the changes in the balance of deferred revenue during the periods presented (in thousands):

Year Ended December 31,
20252024
Balance at beginning of the period$64,497 $40,100 
Plus: Billings during the period1,272,767 961,861 
Less: Revenue recognized during the period(1,234,019)(937,464)
Balance at end of the period$103,245 $64,497 
For the years ended December 31, 2025 and 2024, revenue recognized from amounts included in deferred revenue at the beginning of the period was $64.5 million and $40.1 million, respectively.

Remaining Performance Obligations
Remaining performance obligations represent the amount of contracted future revenue that has not yet been recognized, including deferred revenue. As of December 31, 2025, the Company’s remaining performance obligations were $253.7 million, of which $235.9 million is expected to be recognized within the next twelve months and $17.8 million is expected to be recognized during a period greater than twelve months.
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Historical Timeline

Fiscal YearFiled
2025Feb 10, 2026Showing above
2024Feb 19, 2025
2023Feb 29, 2024

About Revenue Disclosures

Revenue disclosures under ASC 606 explain how a company identifies performance obligations, allocates transaction prices, and determines when revenue is recognized. This section is essential for understanding whether reported revenue reflects genuine economic activity or aggressive accounting choices. Analysts examine the mix of point-in-time versus over-time recognition, which directly affects revenue timing and comparability.

Key signals: rising contract liabilities (deferred revenue) suggest strong future revenue visibility, while declining contract assets may indicate slowing project milestones. Watch for variable consideration estimates — rebates, returns, and performance bonuses that require management judgment. Significant changes in disaggregated revenue by geography or product line can reveal shifting business mix before it appears in headline numbers. Compare revenue growth against contract liability growth to assess sustainability, and scrutinize any changes in the timing of recognition that coincide with earnings pressure.

Other Available Disclosures

Income TaxesEarnings Per ShareFair ValuePP&ELeasesSegmentsCommitmentsStock CompensationNew StandardsPay vs Performance