Klaviyo, Inc. KVYO
Klaviyo is a B2C CRM that helps consumer companies create smarter, stronger, and more valuable customer experiences. We unify the data, intelligence, and actions that define a consumer relationship into an infrastructure built for autonomy and scale. Over 193,000 businesses, from emerging creators to global enterprises, rely on our Klaviyo Data Platform ("KDP") as the product to turn real-time consumer data into personalized, revenue-driving experiences across marketing, service and beyond.
Our B2C CRM provides a single source of truth for consumer profiles, allowing businesses to understand their customers and act on that understanding immediately. Built for the AI era and open by design, Klaviyo populates consumer profiles with data from first-party systems using over 350 third-party integrations. This unified knowledge about consumer identity, consent, behavior, preferences, and history helps companies grow higher customer lifetime value and build more durable revenue through more impactful consumer experiences.
Valuation FY2025 figures against the last close
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Revenue | $1.23B | $937.5M | $698.1M | $472.7M | $290.6M | — |
| Cost of revenue | $312.5M | $221.3M | $177.9M | $128.0M | $84.7M | — |
| Gross profit | $921.5M | $716.2M | $520.2M | $344.7M | $205.9M | — |
| R&D | $291.2M | $238.5M | $262.2M | $104.1M | $65.6M | — |
| SG&A | $191.8M | $157.6M | $194.3M | $81.8M | $63.2M | — |
| Total operating expenses | $989.3M | $800.2M | $850.8M | $399.8M | $285.2M | — |
| Operating income | -$67.8M | -$84.1M | -$330.6M | -$55.0M | -$79.2M | — |
| Interest expense | — | — | $0 | $0 | $8.0K | — |
| Pre-tax income | -$30.5M | -$43.7M | -$307.0M | -$49.1M | -$79.1M | — |
| Income tax | $1.2M | $2.5M | $1.2M | $83.0K | $319.0K | — |
| Net income | -$31.8M | -$46.1M | -$308.2M | -$49.2M | -$79.4M | — |
| EPS, basic | -0.11 | -0.17 | -1.27 | -0.21 | -0.36 | — |
| EPS, diluted | -0.11 | -0.17 | -1.27 | -0.21 | -0.36 | — |
| Shares, diluted (wtd. avg.) | $290.9M | $266.3M | $242.9M | $229.9M | $220.9M | — |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Cash and equivalents | $1.06B | $881.5M | $739.7M | $386.9M | $327.9M | $153.6M |
| Receivables | $60.7M | $43.1M | $23.1M | $10.7M | — | — |
| Total current assets | $1.21B | $979.7M | $803.5M | $427.5M | — | — |
| Property, plant and equipment | $80.3M | $48.2M | $43.5M | $45.8M | — | — |
| Total assets | $1.58B | $1.27B | $1.09B | $629.1M | — | — |
| Accounts payable | $29.1M | $14.6M | $13.6M | $8.9M | — | — |
| Total current liabilities | $282.2M | $199.9M | $130.6M | $85.0M | — | — |
| Total liabilities | $384.0M | $239.3M | $174.3M | $133.4M | — | — |
| Retained earnings | -$877.0M | -$845.2M | -$799.0M | -$2.29B | — | — |
| Total equity | $1.20B | $1.03B | $914.8M | -$1.04B | -$2.24B | -$759.7M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| Operating cash flow | $218.0M | $166.0M | $119.4M | -$23.6M | -$22.7M | — |
| Depreciation and amortisation | $18.6M | $17.7M | $13.7M | $9.0M | $5.3M | — |
| Stock-based compensation | $162.0M | $135.2M | $340.8M | $6.8M | $35.2M | — |
| Capital expenditure | $9.5M | $5.9M | $3.7M | $15.8M | $13.0M | — |
| Investing cash flow | -$30.5M | -$17.2M | -$9.4M | -$18.7M | -$14.2M | — |
| Financing cash flow | -$4.5M | -$5.8M | $242.7M | $101.3M | $211.3M | — |
| Buybacks | — | — | $0 | $0 | $140.4M | — |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001835830-26-000018.
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