Klaviyo, Inc.KVYO
NYSE•Technology•Software - Application
Klaviyo, Inc. provides a cloud-based software-as-a-service platform in the United States, rest of the Americas, the Asia-Pacific, the United Kingdom, rest of Europe, the Middle East, and Africa. The company offers Klaviyo business-to-consumer (B2C) CRM, a unified platform that combines marketing, service, and analytics into a single system. It also provides Klaviyo Data Platform (KDP), which offer tools to unify, enrich, transform data, run more advanced reporting and predictive analysis, and sync data; Advanced KDP that provides an enhanced set of data capabilities; Marketing Agent, an AI-driven and autonomous marketing assistant designed to automate and accelerate marketing strategy, content creation, and campaign execution; Customer Agent, an AI-powered assistant that provides support and selling across digital channels; Klaviyo Social, which brings social interaction data into the company's unified consumer profiles; and Marketing Analytics that provide real-time AI-powered insights into consumer purchase. In addition, the company offers email marketing solutions comprising a range of customizable drag-and-drop templates, automated campaign and workflow capabilities, smart send time optimization, generative AI tools, and A/B testing; mobile messaging capabilities through text messaging, rich communication services, and WhatsApp; personalized push notifications; reviews add-on to collect product reviews, consumer data, and messaging; and integration, segmentation, automation, and analytics and benchmark features for its platform. Further, it provides Customer Hub, a consumer-facing portal that brings shopping, service, and personalization together in one place; and Helpdesk, an AI-powered workspace for managing consumer conversations across channels. The company serves entrepreneurs, small and medium-sized businesses, mid-market businesses, and enterprises. Klaviyo, Inc. was incorporated in 2012 and is headquartered in Boston, Massachusetts.
Klaviyo, Inc. Series A (KVYO) reported trailing twelve months revenue of $1.31B as of March 2026, a 30.3% increase year-over-year. Quarterly revenue reached $358.00M, reflecting continued top-line momentum.
Klaviyo, Inc. Series A reported a TTM net loss of $8.64M, with quarterly EBITDA of $8.08M. The operating margin expanded from -8.5% to 0.5%, suggesting improving cost efficiency and pricing discipline.
The spread between operating margin (0.5%) and net margin (2.5%) indicates tight cost control with minimal non-operating drag. Net margin has improved from -5.0% a year ago, signaling stronger bottom-line efficiency.
KVYO trades at a P/S of 3.3x. The price-to-book ratio of 3.7x reflects a moderate premium to book value.
The company generated $22.61M in free cash flow over the trailing twelve months, a 93.7% increase year-over-year, indicating strong cash generation ability. The balance sheet shows $1.52B in total assets with no in long-term debt against $1.15B in stockholders equity. Data based on the most recent quarterly reports.
Competitive analysis based on 11 quarters of fundamental data
Operating margins are under pressure, averaging -5.9%. The business may lack pricing power or face rising costs.'
ROE is low or negative, suggesting limited competitive advantage or capital allocation challenges.
Free cash flow is consistently positive and growing — a hallmark of a capital-light business that can self-fund growth.
TTM revenue has grown consistently (6 of 7 quarters up), with ~16.1% growth over the period. Strong demand durability.
Data-driven red flags and warnings across 11 quarters
The company posted negative operating margins in recent quarters — core operations are unprofitable.
FCF consistently trails net income (avg -18.6x) — earnings may be inflated by non-cash items or aggressive accounting.
Limited debt-to-equity data available.
Revenue is stable or growing over recent quarters — demand appears durable.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Shares outstanding increased 14.7% — significant dilution, likely from stock compensation or capital raises.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation