KVYO
Klaviyo, Inc.
Next earnings Aug 3, 2026 · consensus $0.20 EPS, $369M rev
Last earnings +3.8% on 2026-05-05
$16.90
▲ +13.19%$16.90▼ -48.87%
over 1Y
L $12.86H $35.92
Earnings Dividend Split Congress buy Congress sellGrouped by date · hover a pin to expand
Today+13.2%
1W+20.5%
1M-0.3%
3M-11.7%
YTD-42.4%
1Y-48.9%
Buy
Conviction
Horizon
Long (>12mo)
12-mo target
$•••
Street · 30 analysts
Buy
A 31%-growing, 75%-gross-margin SaaS throwing off $218M operating cash at just 3.5x sales — quality on sale.
Revenue (FY2025) $1.23B · FY2025
Klaviyo is a high-quality vertical SaaS business priced like a troubled one. Revenue compounded from $291M (FY2021) to $1.23B (FY2025), with the latest year still up 31.6% on a 74.7% gross margin. The MD&A confirms the engine: customers grew from ~92,000 international to ~108,000 (over 193,000 total), driven by a land-and-expand model, international push (Singapore, France added in 2025), mid-market/enterprise traction, and cross-selling SMS/WhatsApp onto the core data platform. The September 2025 launch of an 'AI-first B2C CRM' (Marketing Agent, Customer Agent) widens the wallet beyond email. This is not a speculative story stock — it generated $218M of operating cash flow against just $9.5M of capex, so it is firmly free-cash-flow positive even while the GAAP P&L still shows a loss.
The headline -$31.8M net loss overstates the problem. Operating cash flow of $218M dwarfs the loss, meaning the bottom line is weighed down by non-cash stock-based compensation, not cash burn. The loss is also shrinking fast — net income improved from -$308M (FY2023) to -$46M (FY2024) to -$32M (FY2025) — and operating margin (-5.5%) is converging toward breakeven. The balance sheet is fortress-grade: $1.06B cash, liabilities/equity of just 0.32x, and no debt stress. There is no existential risk here; the question is purely one of margin trajectory and price.
AI-generated analysis, produced by our proprietary engine from SEC filing data.
Investment recommendation produced by TENK/calls (tenkcalls.com), Luxembourg. Completed Jun 29, 2026, 6:28 PM ET. Ratings & methodology: definitions · All recommendations to date: track record · Conflicts: disclosures. Not investment advice.
Financials · annual, by fiscal year
| Line item | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | $291M | $473M | $698M | $937M | $1.23B |
| Gross profit | $206M | $345M | $520M | $716M | $921M |
| Operating income | -$79.2M | -$55.0M | -$331M | -$84.1M | -$67.8M |
| Net income | -$79.4M | -$49.2M | -$308M | -$46.1M | -$31.8M |
| Diluted EPS | -$0.36 | -$0.21 | -$1.27 | -$0.17 | -$0.11 |
| Net margin | -27.3% | -10.4% | -44.2% | -4.9% | -2.6% |
Annual figures from SEC 10-K XBRL filings. Open the filing links below for full statement detail.
Key statistics
Valuation
Enterprise value$3.99B
EV / EBITDA—
EV / Sales3.2
EV / FCF19.1
P / FCF24.3
PEG (trailing)—
Earnings yield-0.6%
FCF yield4.1%
Quality & risk
ROIC (est.)-4.5%
Free cash flow$209M
Total debt—
Net cash$1.06B
Altman Z-Score8.47 safe
Piotroski F-Score4/8
Capital returns
Buyback yield0.0%
Dividend yield (est.)—
Shareholder yield0.0%
Shares Δ YoY+9.2%
Computed from SEC XBRL annual figures + the current quote. EV and ROIC use long-term + current debt where filed; estimates, not investment advice.
Disclosure timeline
SEC · 8-Ks + reportsRecent disclosure tone has been improving.
- 8-K Shareholder vote2026-06-09
Annual meeting vote results (Item 5.07); routine governance, no financial impact
- 8-K Officer / director change2026-05-05
Q1 FY26: ~30% revenue growth continues, still modestly unprofitable, $1B+ cash
- 10-Q Quarterly report2026-05-05
Q1 FY26: ~30% revenue growth continues, still modestly unprofitable, $1B+ cash
- DEF 14A Proxy statement2026-04-29
Annual proxy: board, comp and meeting agenda; no operating-model change
- 8-K Other event2026-03-02
Other-event disclosure (Item 8.01) with exhibits; no change to financial outlook
- 8-K Earnings results2026-02-10
FY2025 10-K: rev +31.6% to $1.23B, loss narrowed, AI-first B2C CRM, 108k intl custs
- 10-K Annual report2026-02-10
FY2025 10-K: rev +31.6% to $1.23B, loss narrowed, AI-first B2C CRM, 108k intl custs
- 8-K Officer / director change2025-12-09
Officer change plus bylaw/charter amendment (Items 5.02/5.03); governance-only update
- 8-K Reg FD disclosure2025-12-02
Reg FD disclosure (Item 7.01) with exhibit; informational, no financial impact
Recent filings
all on EDGAR ↗4Period ending 2026-06-182026-06-18open ↗144Filing2026-06-18open ↗4Period ending 2026-06-092026-06-11open ↗4Period ending 2026-06-092026-06-11open ↗4Period ending 2026-06-092026-06-11open ↗4Period ending 2026-06-092026-06-11open ↗4Period ending 2026-06-092026-06-11open ↗8-KPeriod ending 2026-06-092026-06-09open ↗4Period ending 2026-05-262026-05-28open ↗144Filing2026-05-26open ↗4Period ending 2026-05-182026-05-20open ↗4Period ending 2026-05-192026-05-20open ↗
Frequently asked
- Is Klaviyo, Inc. (KVYO) a buy?
- KVYO currently carries a Buy rating with 4/5 conviction, derived from its latest SEC filings. A 31%-growing, 75%-gross-margin SaaS throwing off $218M operating cash at just 3.5x sales — quality on sale.
- What is Klaviyo, Inc.'s quality score?
- KVYO scores 55.10211877263986/100 (grade C) on a SEC-grounded quality model spanning value, growth, profitability, financial health and momentum.
Sources: SEC EDGAR (CIK 0001835830, latest 10-Q filed 2026-05-05) · EODHD · Proprietary analysis · as of 6/29/2026, 10:28:10 PM.
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