KVYO NYSE Services-Prepackaged Software Financials FY2021βFY2025
Klaviyo, Inc. had $1.2B of revenue in fiscal 2025, up 31.6% on the year before.
Last close Β· Oct 23, 2026
$21.11
2.5%Hi! I read Klaviyo, Inc.βs latest annual report (fiscal 2025). Here is what stands out:
Good So-so Weak
Are sales growing?
+31.6%
Yes. Sales grew 31.6% last year.
Does it make a profit?
β2.6%
No. It lost money last year.
Does profit turn into cash?
16.9%
Yes. 16.9% of sales ends up as free cash.
How healthy are the accounts?
4 / 8
Mixed. It passes 4 of 8 health tests.
Rules of thumb on reported numbers. A starting point, not a recommendation.
Is it selling more, and how much does it keep?
KIRA Β· Klaviyo, Inc. had $1.2B of revenue in fiscal 2025, up 31.6% on the year before. Its operating margin was β5.5%, up 3.5Β pts: of every 100 in sales, about β5 is left after running the business.
In plain words: Revenue is all the money customers paid. The margins show how many cents of each dollar of sales are left over at each step: after making the product (gross), after running the business (operating) and after everything, tax included (net).
Revenue
Revenue
Margins, % of revenue
Margins, % of revenue
KIRA Β· Klaviyo, Inc. lost $31.8M in fiscal 2025.
Loss periods are shown in red.
In plain words: Net income is the profit left after every cost and tax. Earnings per share (EPS) splits that profit across every share, so it shows what one share earned.
Net income
Net income
Diluted EPS
Diluted EPS
How much cash comes in, and where does it go?
KIRA Β· Free cash flow was $209M in fiscal 2025, 16.9% of revenue.
Cash from operations minus capital spending.
In plain words: Profit on paper is not the same as cash in the bank. Free cash flow is the cash left after paying to run and maintain the business: the money it can hand back to shareholders, save or invest.
Free cash flow
Free cash flow
Cash from operations vs capital spending
Cash from operations vs capital spending
In plain words: Companies hand cash back in two ways: dividends (cash paid to shareholders) and buybacks (buying back their own shares, so each remaining share owns a bigger slice).
Dividends and buybacks
Dividends and buybacks
Diluted shares outstanding (annual)
KIRA Β· In the last 12 months, insiders bought $0.3M and sold $193M of shares on the open market.
Open-market purchases and sales by officers, directors and 10% owners, from Form 4 filings. βPlanβ marks trades under a pre-arranged Rule 10b5-1 plan.
In plain words: Insiders are the people who run or own a big part of the company. Buying with their own money can signal confidence; selling often has personal reasons, like taxes or diversifying.
Bought, 12 months
$0.3M
1 insider
Sold, 12 months
$193M
8 insiders
Of sales under plans
54%
$105M
| Date | Insider | Trade | Shares | Price | Value | Filing |
|---|---|---|---|---|---|---|
| Oct 7, 2026 | Ed HallenDirector, 10% owner | Sold plan | 97,482 | $17.40 | $1.7M | Form 4 |
| Sep 24, 2026 | Ed HallenDirector, 10% owner | Sold plan | 1,300 | $17.02 | $0.0M | Form 4 |
| Sep 11, 2026 | Susan St. LedgerDirector | Sold plan | 2,328 | $15.93 | $0.0M | Form 4 |
| Aug 31, 2026 | Landon EdmondChief Legal Officer | Sold plan | 8,103 | $20.44 | $0.2M | Form 4 |
| Aug 31, 2026 | Ed HallenDirector, 10% owner | Sold plan | 98,782 | $20.48 | $2.0M | Form 4 |
| Aug 28, 2026 | Landon EdmondChief Legal Officer | Sold plan | 53,473 | $20.01 | $1.1M | Form 4 |
| Aug 14, 2026 | Amanda WhalenChief Financial Officer | Sold plan | 14,000 | $18.47 | $0.3M | Form 4 |
| Aug 11, 2026 | Summit Partners Co-Invest (Kiwi), LP10% owner | Sold | 5,000,000 | $17.71 | $88.6M | Form 4 |
| Jul 16, 2026 | Amanda WhalenChief Financial Officer | Sold plan | 14,000 | $17.75 | $0.2M | Form 4 |
| Jun 18, 2026 | Amanda WhalenChief Financial Officer | Sold plan | 14,000 | $13.23 | $0.2M | Form 4 |
| May 26, 2026 | Andrew BialeckiCo-Chief Executive Officer, Director, 10% owner | Sold plan | 212,529 | $14.61 | $3.1M | Form 4 |
| May 19, 2026 | Andrew BialeckiCo-Chief Executive Officer, Director, 10% owner | Sold plan | 200,000 | $14.88 | $3.0M | Form 4 |
| May 18, 2026 | Susan St. LedgerDirector | Sold plan | 9,334 | $14.27 | $0.1M | Form 4 |
| May 14, 2026 | Amanda WhalenChief Financial Officer | Sold plan | 14,000 | $14.26 | $0.2M | Form 4 |
| May 12, 2026 | Andrew BialeckiCo-Chief Executive Officer, Director, 10% owner | Sold plan | 200,000 | $14.61 | $2.9M | Form 4 |
| Apr 20, 2026 | Landon EdmondChief Legal Officer | Sold plan | 9,623 | $20.00 | $0.2M | Form 4 |
| Apr 16, 2026 | Amanda WhalenChief Financial Officer | Sold plan | 14,000 | $18.54 | $0.3M | Form 4 |
| Apr 14, 2026 | Andrew BialeckiCo-Chief Executive Officer, Director, 10% owner | Sold plan | 200,000 | $17.19 | $3.4M | Form 4 |
| Apr 7, 2026 | Andrew BialeckiCo-Chief Executive Officer, Director, 10% owner | Sold plan | 200,000 | $18.63 | $3.7M | Form 4 |
| Mar 31, 2026 | Andrew BialeckiCo-Chief Executive Officer, Director, 10% owner | Sold plan | 200,000 | $19.42 | $3.9M | Form 4 |
| Mar 24, 2026 | Andrew BialeckiCo-Chief Executive Officer, Director, 10% owner | Sold plan | 200,000 | $18.17 | $3.6M | Form 4 |
| Mar 17, 2026 | Andrew BialeckiCo-Chief Executive Officer, Director, 10% owner | Sold plan | 200,000 | $19.37 | $3.9M | Form 4 |
| Mar 12, 2026 | Landon EdmondChief Legal Officer | Sold plan | 14,366 | $20.15 | $0.3M | Form 4 |
| Mar 12, 2026 | Amanda WhalenChief Financial Officer | Sold plan | 14,000 | $19.58 | $0.3M | Form 4 |
| Mar 10, 2026 | Andrew BialeckiCo-Chief Executive Officer, Director, 10% owner | Sold plan | 206,827 | $19.96 | $4.1M | Form 4 |
| Mar 5, 2026 | Landon EdmondChief Legal Officer | Sold plan | 15,093 | $20.16 | $0.3M | Form 4 |
| Mar 3, 2026 | Andrew BialeckiCo-Chief Executive Officer, Director, 10% owner | Sold plan | 200,000 | $18.64 | $3.7M | Form 4 |
| Feb 24, 2026 | Andrew BialeckiCo-Chief Executive Officer, Director, 10% owner | Sold plan | 200,000 | $16.76 | $3.4M | Form 4 |
| Feb 13, 2026 | Amanda WhalenChief Financial Officer | Sold plan | 14,000 | $18.88 | $0.3M | Form 4 |
| Feb 12, 2026 | Jennifer CeranDirector | Bought | 16,339 | $18.38 | $0.3M | Form 4 |
| Jan 27, 2026 | Andrew BialeckiCo-Chief Executive Officer, Director, 10% owner | Sold plan | 155,219 | $25.33 | $3.9M | Form 4 |
| Jan 20, 2026 | Andrew BialeckiCo-Chief Executive Officer, Director, 10% owner | Sold plan | 167,926 | $24.16 | $4.1M | Form 4 |
| Jan 15, 2026 | Landon EdmondChief Legal Officer | Sold plan | 10,000 | $25.83 | $0.3M | Form 4 |
| Jan 15, 2026 | Amanda WhalenChief Financial Officer | Sold plan | 14,000 | $25.83 | $0.4M | Form 4 |
| Jan 13, 2026 | Andrew BialeckiCo-Chief Executive Officer, Director, 10% owner | Sold plan | 140,646 | $27.41 | $3.9M | Form 4 |
| Jan 7, 2026 | Andrew BialeckiCo-Chief Executive Officer, Director, 10% owner | Sold plan | 16,649 | $30.01 | $0.5M | Form 4 |
| Jan 6, 2026 | Andrew BialeckiCo-Chief Executive Officer, Director, 10% owner | Sold plan | 137,504 | $28.91 | $4.0M | Form 4 |
| Dec 22, 2025 | Andrew BialeckiChief Executive Officer, Director, 10% owner | Sold plan | 100,000 | $32.97 | $3.3M | Form 4 |
| Dec 18, 2025 | Landon EdmondChief Legal Officer | Sold plan | 14,190 | $31.38 | $0.4M | Form 4 |
| Dec 18, 2025 | Amanda WhalenChief Financial Officer | Sold plan | 14,000 | $31.38 | $0.4M | Form 4 |
| Dec 17, 2025 | Andrew BialeckiChief Executive Officer, Director, 10% owner | Sold plan | 100,000 | $30.40 | $3.0M | Form 4 |
| Dec 17, 2025 | Ed HallenDirector, 10% owner | Sold plan | 117,550 | $30.36 | $3.6M | Form 4 |
| Dec 16, 2025 | Andrew BialeckiChief Executive Officer, Director, 10% owner | Sold plan | 138,648 | $29.04 | $4.0M | Form 4 |
| Dec 15, 2025 | Stephen Eric RowlandPresident | Sold plan | 7,104 | $29.45 | $0.2M | Form 4 |
| Dec 15, 2025 | Ed HallenDirector, 10% owner | Sold plan | 757 | $30.15 | $0.0M | Form 4 |
| Dec 11, 2025 | Andrew BialeckiChief Executive Officer, Director, 10% owner | Sold plan | 17,777 | $30.00 | $0.5M | Form 4 |
| Dec 10, 2025 | Andrew BialeckiChief Executive Officer, Director, 10% owner | Sold plan | 82,223 | $30.12 | $2.5M | Form 4 |
| Dec 9, 2025 | Andrew BialeckiChief Executive Officer, Director, 10% owner | Sold plan | 131,362 | $29.42 | $3.9M | Form 4 |
| Dec 4, 2025 | Andrew BialeckiChief Executive Officer, Director, 10% owner | Sold plan | 952 | $30.00 | $0.0M | Form 4 |
| Dec 2, 2025 | Andrew BialeckiChief Executive Officer, Director, 10% owner | Sold plan | 142,045 | $28.62 | $4.1M | Form 4 |
| Nov 24, 2025 | Andrew BialeckiChief Executive Officer, Director, 10% owner | Sold plan | 144,717 | $27.76 | $4.0M | Form 4 |
| Nov 20, 2025 | Landon EdmondChief Legal Officer | Sold plan | 14,394 | $27.59 | $0.4M | Form 4 |
| Nov 18, 2025 | Andrew BialeckiChief Executive Officer, Director, 10% owner | Sold plan | 147,329 | $27.16 | $4.0M | Form 4 |
| Nov 17, 2025 | Carmel GalvinChief People Officer | Sold plan | 11,156 | $27.51 | $0.3M | Form 4 |
| Nov 17, 2025 | Stephen Eric RowlandPresident | Sold plan | 7,104 | $27.39 | $0.2M | Form 4 |
| Nov 14, 2025 | Amanda WhalenChief Financial Officer | Sold plan | 15,000 | $28.60 | $0.4M | Form 4 |
| Nov 11, 2025 | Andrew BialeckiChief Executive Officer, Director, 10% owner | Sold plan | 140,464 | $29.74 | $4.2M | Form 4 |
| Nov 11, 2025 | Ed HallenDirector, 10% owner | Sold plan | 2,811 | $30.00 | $0.1M | Form 4 |
| Nov 10, 2025 | Ed HallenDirector, 10% owner | Sold plan | 59,492 | $30.04 | $1.8M | Form 4 |
| Oct 15, 2025 | Stephen Eric RowlandPresident | Sold plan | 7,105 | $24.35 | $0.2M | Form 4 |
| Oct 14, 2025 | Andrew BialeckiChief Executive Officer, Director, 10% owner | Sold plan | 163,331 | $24.37 | $4.0M | Form 4 |
| Oct 10, 2025 | Amanda WhalenChief Financial Officer | Sold plan | 15,000 | $25.03 | $0.4M | Form 4 |
| Oct 7, 2025 | Andrew BialeckiChief Executive Officer, Director, 10% owner | Sold plan | 159,508 | $25.30 | $4.0M | Form 4 |
| Sep 30, 2025 | Andrew BialeckiChief Executive Officer, Director, 10% owner | Sold plan | 137,224 | $28.86 | $4.0M | Form 4 |
Can it carry its debts, and how well does it use its money?
Cash, debt and the ratios that show how comfortably Klaviyo, Inc. can carry it.
In plain words: What the company owns and what it owes. More cash than debt is a cushion for bad times; a lot of debt leaves less room when business slows down.
Cash vs debt (incl. leases)
| Fiscal year end | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Cash and short-term investments | $328M | $386M | $739M | $881M | $1.1B |
| Interest coverage | β9,904.1x | β | β | β | β |
| Current ratio | β | 5.0x | 6.2x | 4.9x | 4.3x |
| Quick ratio | β | 5.0x | 6.2x | 4.9x | 4.3x |
| Total assets | β | $629M | $1.1B | $1.3B | $1.6B |
| Total liabilities | β | $133M | $174M | $239M | $384M |
| Shareholders' equity | β$2.2B | β$1.0B | $915M | $1.0B | $1.2B |
| Net debt (β = net cash) | β | β | β | β | β |
After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
In plain words: How much profit the business makes on the money put into it. A higher percentage means each dollar invested works harder.
Return on capital, equity and assets (annual)
KIRA Β· Klaviyo, Inc. passes 4 of 8 financial health tests (Piotroski F-score).
Nine pass/fail tests of profitability, funding and efficiency. 8β9 is strong, 0β2 weak.
In plain words: Nine yes/no tests of financial health, one point each. A green tick is a pass: 7 to 9 points is solid, 0 to 3 is weak.
| Test | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Net income is positive | β | β | β | β | β |
| Cash from operations is positive | β | β | β | β | β |
| Return on assets rose | β | β | β | β | β |
| Cash from operations exceeds net income | β | β | β | β | β |
| Debt fell relative to assets | β | β | β | β | β |
| Current ratio rose | β | β | β | β | β |
| Share count didn't rise | β | β | β | β | β |
| Gross margin rose | β | β | β | β | β |
| Revenue rose relative to assets | β | β | β | β | β |
| F-score | β / 3 | β / 5 | 4 / 8 | 5 / 8 | 4 / 8 |
| Accruals ratio | β | β4.1% | β49.8% | β18.0% | β17.5% |
| Altman Z'' | β | β17.02 | 5.13 | 5.95 | 5.01 |
Every number, year by year.
Amounts in USD. Hover a ratioβs name for its definition.
In plain words: Every number we have, year by year. Download it as a spreadsheet if you want to dig deeper.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Income statement | |||||
| Revenue | $291M | $473M | $698M | $937M | $1.2B |
| Gross profit | $206M | $345M | $520M | $716M | $921M |
| Research and development | $65.6M | $104M | $262M | $238M | $291M |
| Operating income | β$79.2M | β$55.0M | β$331M | β$84.1M | β$67.8M |
| Interest expense | $0.0M | $0.0M | $0.0M | β | β |
| Pretax income | β$79.1M | β$49.1M | β$307M | β$43.7M | β$30.5M |
| Income tax | $0.3M | $0.1M | $1.2M | $2.5M | $1.3M |
| Net income | β$79.4M | β$49.2M | β$308M | β$46.1M | β$31.8M |
| Diluted EPS | β$0.36 | β$0.21 | β$1.27 | β$0.17 | β$0.11 |
| Diluted shares | 0.22B | 0.23B | 0.24B | 0.27B | 0.29B |
| Cash flow | |||||
| Cash from operations | β$22.7M | β$23.6M | $119M | $166M | $218M |
| Capital expenditure | $13.0M | $15.8M | $3.7M | $5.9M | $9.5M |
| Free cash flow | β$35.8M | β$39.4M | $116M | $160M | $209M |
| Depreciation and amortization | $5.3M | $9.0M | $13.7M | $17.7M | $18.6M |
| Stock-based compensation | $35.2M | $6.8M | $341M | $135M | $162M |
| Share buybacks | $140M | $0.0M | $0.0M | β | β |
| Dividends and buybacks | $140M | $0.0M | $0.0M | β | β |
| Balance sheet | |||||
| Cash and short-term investments | $328M | $386M | $739M | $881M | $1.1B |
| Current assets | β | $428M | $803M | $980M | $1.2B |
| Current liabilities | β | $85.0M | $131M | $200M | $282M |
| Property and equipment, net | β | $45.8M | $43.5M | $48.2M | $80.3M |
| Total assets | β | $629M | $1.1B | $1.3B | $1.6B |
| Total liabilities | β | $133M | $174M | $239M | $384M |
| Preferred stock | β | $0.0M | $0.0M | $0.0M | $0.0M |
| Shareholders' equity | β$2.2B | β$1.0B | $915M | $1.0B | $1.2B |
| Margins | |||||
| Gross margin | 70.9% | 72.9% | 74.5% | 76.4% | 74.7% |
| Operating margin | β27.3% | β11.6% | β47.4% | β9.0% | β5.5% |
| EBITDA margin | β25.4% | β9.7% | β45.4% | β7.1% | β4.0% |
| Net margin | β27.3% | β10.4% | β44.2% | β4.9% | β2.6% |
| FCF margin | β12.3% | β8.3% | 16.6% | 17.1% | 16.9% |
| Returns | |||||
| Return on capital employed | β | β10.1% | β34.5% | β7.8% | β5.2% |
| Return on equity | β | β | β | β4.7% | β2.8% |
| Return on assets | β | β7.8% | β35.9% | β3.9% | β2.2% |
| Return on tangible equity | β | β | β33.7% | β4.5% | β2.7% |
| Growth | |||||
| Revenue growth | β | 62.7% | 47.7% | 34.3% | 31.6% |
| FCF growth | β | β | β | 38.3% | 30.3% |
| Share count change | β | 4.1% | 5.7% | 9.7% | 9.2% |
| Financial health | |||||
| Interest coverage | β9,904.1x | β | β | β | β |
| Current ratio | β | 5.0x | 6.2x | 4.9x | 4.3x |
| Quick ratio | β | 5.0x | 6.2x | 4.9x | 4.3x |
| Capital allocation | |||||
| Capex / revenue | 4.5% | 3.3% | 0.5% | 0.6% | 0.8% |
| Stock comp / revenue | 12.1% | 1.4% | 48.8% | 14.4% | 13.1% |
| Payouts / FCF | β | β | 0.0% | β | β |
| Quality scores | |||||
| Piotroski F-score | β | β | 4.0 | 5.0 | 4.0 |
| Altman Z'' | β | β17.0 | 5.1 | 5.9 | 5.0 |
| Accruals ratio | β | β4.1% | β49.8% | β18.0% | β17.5% |
Source: SEC EDGAR XBRL filings (CIK 0001835830). Data updated October 24, 2026. Quarterly fourth quarters are the full year minus the first nine months. For information only β not investment advice. Check the original filings before relying on any figure.
