Klaviyo, Inc. (KVYO) Income Statement
KVYO 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsKVYO revenue and net income
Where KVYO's revenue goes
2025Each bar shows an amount and its share of revenue. KVYO kept −2.6% of revenue as net income.
KVYO profit margins
KVYO growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +31.6% | +37.7% | — | — |
| Gross profit | +28.7% | +38.8% | — | — |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | +6.0% | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
KVYO quarterly EPS vs estimates
Klaviyo beat the analyst EPS estimate in 5 of the last 8 quarters. Next report: November 4, 2026 (estimate $0.03).
KVYO income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | |
|---|---|---|---|---|---|
| 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 |
| Research & development | $291.2M | $238.5M | $262.2M | $104.1M | $65.6M |
| Sales, general & admin | $698.0M | $561.8M | $588.7M | $295.7M | $219.6M |
| 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 income | $39.4M | $39.6M | $24.1M | $5.5M | $139,000 |
| Interest expense | — | — | $0 | $0 | $8,000 |
| Income before taxes | −$30.5M | −$43.7M | −$307.0M | −$49.1M | −$79.1M |
| Income taxes | $1.2M | $2.5M | $1.2M | $83,000 | $319,000 |
| Net income | −$31.8M | −$46.1M | −$308.2M | −$49.2M | −$79.4M |
| EBITDA | −$11.9M | −$26.0M | −$293.4M | −$40.1M | −$73.8M |
| EPS (diluted) | $0.53 | $0.50 | $0.28 | −$0.20 | −$0.36 |
| Gross margin | 74.7% | 76.4% | 74.5% | 72.9% | 70.9% |
| Operating margin | −5.5% | −9.0% | −47.4% | −11.6% | −27.3% |
| Net margin | −2.6% | −4.9% | −44.2% | −10.4% | −27.3% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $370.6M | $358.0M | $350.2M | $310.9M | $293.1M | $279.8M | $270.2M | $235.1M | $222.2M | $210.0M | $201.6M | $175.8M |
| Cost of revenue | $101.5M | $89.1M | $97.4M | $76.1M | $71.2M | $67.7M | $71.7M | $54.4M | $50.3M | $44.9M | $45.0M | $58.8M |
| Gross profit | $269.1M | $268.9M | $252.8M | $234.7M | $221.9M | $212.1M | $198.4M | $180.7M | $171.9M | $165.1M | $156.6M | $117.0M |
| Research & development | $91.9M | $80.0M | $76.7M | $72.7M | $72.5M | $69.3M | $70.9M | $55.8M | $55.7M | $56.1M | $52.6M | $141.5M |
| Sales, general & admin | $192.1M | $187.1M | $177.9M | $172.9M | $180.7M | $166.5M | $162.2M | $138.2M | $130.3M | $131.1M | $140.3M | $277.7M |
| Total operating expenses | $284.1M | $267.1M | $254.6M | $245.6M | $253.2M | $235.9M | $233.1M | $194.0M | $186.0M | $187.1M | $192.9M | $419.2M |
| Operating income | −$15.0M | $1.7M | −$1.8M | −$10.8M | −$31.3M | −$23.8M | −$34.7M | −$13.3M | −$14.1M | −$22.1M | −$36.3M | −$302.2M |
| Interest income | $8.4M | $9.4M | $10.1M | $10.3M | $9.7M | $9.3M | $9.6M | $10.5M | $10.0M | $9.5M | $9.6M | $6.2M |
| Income before taxes | −$7.1M | $10.7M | $7.7M | −$614,000 | −$22.5M | −$15.2M | −$24.6M | −$2.5M | −$4.1M | −$12.5M | −$26.9M | −$296.3M |
| Income taxes | $1.7M | $1.7M | $704,000 | −$188,000 | $1.8M | −$1.1M | $2.4M | −$1.2M | $861,000 | $404,000 | −$594,000 | $819,000 |
| Net income | −$8.8M | $9.0M | $7.0M | −$426,000 | −$24.3M | −$14.1M | −$27.0M | −$1.3M | −$4.9M | −$12.9M | −$26.3M | −$297.1M |
| EBITDA | $168,000 | $17.1M | $13.2M | $3.8M | −$18.6M | −$10.4M | −$19.6M | $2.0M | $154,000 | −$8.5M | −$8.9M | −$292.9M |
| EPS (diluted) | $0.01 | $0.22 | $0.19 | $0.04 | $0.16 | $0.14 | $0.07 | $0.15 | $0.15 | $0.13 | $0.09 | $0.10 |
| Gross margin | 72.6% | 75.1% | 72.2% | 75.5% | 75.7% | 75.8% | 73.4% | 76.9% | 77.4% | 78.6% | 77.7% | 66.5% |
| Operating margin | −4.0% | 0.5% | −0.5% | −3.5% | −10.7% | −8.5% | −12.8% | −5.6% | −6.3% | −10.5% | −18.0% | −171.9% |
| Net margin | −2.4% | 2.5% | 2.0% | −0.1% | −8.3% | −5.0% | −10.0% | −0.6% | −2.2% | −6.1% | −13.0% | −169.0% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in KVYO's financial statements (latest annual report filed February 10, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
KVYO financial results
In fiscal year 2025 (ended December 31, 2025), Klaviyo reported revenue of $1.2 billion, up 31.6% from the year before. It had a net loss of $31.8 million, a net profit margin of −2.6%. Diluted earnings per share came to $0.53.
See the KVYO stock overview for the latest quote and news, or the KVYO chart for price history and technical indicators.
KVYO income statement FAQ
What is Klaviyo's annual revenue?
Klaviyo reported total revenue of $1.2 billion for fiscal year 2025, which ended on December 31, 2025. That was up 31.6% from $937.5 million the previous year.
Is Klaviyo profitable?
No. Klaviyo reported a net loss of $31.8 million in fiscal 2025, a net profit margin of −2.6%; its operating margin was −5.5%.
What is Klaviyo's gross margin?
Klaviyo's gross margin was 74.7% in fiscal 2025: for every $100 of revenue, Klaviyo kept $75 after the direct cost of its products and services.
How much does Klaviyo spend on research and development?
Klaviyo spent $291.2 million on research and development in fiscal 2025, 23.6% of revenue.
What are Klaviyo's earnings per share?
Klaviyo earned $0.53 per diluted share in fiscal 2025, compared with $0.50 a year earlier.
When will Klaviyo report its next earnings?
Klaviyo is expected to report results for the quarter ending September 30, 2026 on November 4, 2026 after the market closes.
When does Klaviyo's fiscal year end?
Klaviyo's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 10, 2026.