10-K · February 10, 2026
Klaviyo reports strong fiscal 2025 growth: revenue rose 31.6% year-over-year to $1,234.0 million and gross profit increased 28.7% to $921.5 million while gross margin remained high at 74.7%. The company scaled to over…
Earnings analysis · 10-Q
KVYO earnings analysis
Filed May 5, 2026 · Our reading of the company's report
The latest report
Klaviyo reported strong Q1 2026 results with revenue of $358 million, representing a 27.9% increase year-over-year, while EPS surprised positively at $0.22 versus estimates of $0.17. The company is optimistic about…
Read full summary
Klaviyo reported strong Q1 2026 results with revenue of $358 million, representing a 27.9% increase year-over-year, while EPS surprised positively at $0.22 versus estimates of $0.17. The company is optimistic about continued growth, raising its FY26 revenue guidance to between $1.514 billion and $1.522 billion, reflecting robust customer acquisition and expansion into international markets.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
From revenue to operating profit
Where each $100 of revenue went in this report.
Cost of sales, operating expenses, and what remained. Figures are rounded to whole dollars.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.22
What stood out
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Revenue Surge of 27.9% YoY
Revenue reached $358 million in Q1 2026, up from $279.8 million in Q1 2025.
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Positive EPS Surprise
Reported EPS of $0.22 compared to expected $0.17, marking a significant beat.
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Strong Cash Position
Ending cash balance stood at $985.3 million, indicating strong liquidity.
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Increased Customer Base
4,175 customers generating over $50,000 of ARR, up by 38% YoY.
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Segment Performance Boost
International sales accounted for 41.5% of revenue, highlighting geographical expansion.
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Guidance Raised for FY26
Full-year revenue guidance is now between $1.514 billion and $1.522 billion.
What to watch
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Rising Operational Costs
Total operating expenses increased to $267.1 million from $235.9 million YoY, raising fears of margin pressure.
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Dependence on E-commerce Trends
Business heavily reliant on retail and eCommerce segments, exposing it to sector downturns.
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Regulatory Risks
Potential impact from evolving data privacy laws could impose additional operational costs.
Management's outlook
FY26 revenue guidance raised to $1.514B - $1.522B.
Earlier filings 4
10-Q · November 5, 2025
Klaviyo reported a Q3 2025 revenue beat of $310.88M (vs $235.09M in Q3 2024), driving 32.3% YoY growth and an improvement in operating loss to $(10.8)M from $(13.3)M a year earlier. Gross margin remained healthy at…
10-K · February 29, 2024
Klaviyo reported strong top-line growth and high gross margins in 2023 as it scaled its vertically integrated, data-first marketing platform. Revenue rose 47.7% year-over-year to $698.1 million and gross margin expanded…
10-Q · November 7, 2023
Klaviyo reported strong top-line growth with revenue of $175.8M in Q3 2023, up $56.6M or 47.5% versus $119.2M in Q3 2022, and beat consensus. However, the quarter included large non-cash IPO-related items (stock-based…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.