Klaviyo, Inc.
Financial highlights
| Metric | FY 12/31/25 | FY 12/31/24 | FY 12/31/23 | FY 12/31/22 | FY 12/31/21 |
|---|---|---|---|---|---|
| Income Statement | |||||
| Revenue | $1.2B | $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 |
| Research and development | $291.2M | $238.5M | $262.2M | $104.1M | $65.6M |
| 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 | $8,000 |
| Pretax income | -$30.5M | -$43.7M | -$307.0M | -$49.1M | -$79.1M |
| Income tax expense | $1.2M | $2.5M | $1.2M | $83,000 | $319,000 |
| Net income | -$31.8M | -$46.1M | -$308.2M | -$49.2M | -$79.4M |
| Balance Sheet | |||||
| Cash and equivalents | $1.1B | $881.5M | $738.6M | $385.8M | — |
| Current assets | $1.2B | $979.7M | $803.5M | $427.5M | — |
| Total assets | $1.6B | $1.3B | $1.1B | $629.1M | — |
| Current liabilities | $282.2M | $199.9M | $130.6M | $85.0M | — |
| Total liabilities | $384.0M | $239.3M | $174.3M | $133.4M | — |
| Stockholders' equity | $1.2B | $1.0B | $914.8M | -$1.0B | -$2.2B |
| Cash Flow Statement | |||||
| Cash from operations | $218.0M | $166.0M | $119.4M | -$23.6M | -$22.7M |
| Depreciation and amortization | $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 |
| Free cash flow | $208.5M | $160.0M | $115.7M | -$39.4M | -$35.8M |
| Share repurchases | — | — | $0 | $0 | $140.4M |
| Impairments | $0 | $0 | $0 | $0 | $0 |
Shares outstanding 299.3M · Free float 0.6%
Annual filing data through FY ended December 31, 2025; float as of July 16, 2026.