KVYO earnings analysis
What we found in KVYO's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
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.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Revenue Surge of 27.9% YoY
- Revenue reached $358 million in Q1 2026, up from $279.8 million in Q1 2025.
- Positive EPS Surprise
- Reported EPS of $0.22 compared to expected $0.17, marking a significant beat.
- Strong Cash Position
- Ending cash balance stood at $985.3 million, indicating strong liquidity.
- Increased Customer Base
- 4,175 customers generating over $50,000 of ARR, up by 38% YoY.
- Segment Performance Boost
- International sales accounted for 41.5% of revenue, highlighting geographical expansion.
- Guidance Raised for FY26
- Full-year revenue guidance is now between $1.514 billion and $1.522 billion.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Rising Operational Costs
- Total operating expenses increased to $267.1 million from $235.9 million YoY, raising fears of margin pressure.
- Dependence on E-commerce Trends
- Business heavily reliant on retail and eCommerce segments, exposing it to sector downturns.
- Regulatory Risks
- Potential impact from evolving data privacy laws could impose additional operational costs.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.22
- Gross margin
- 75.1%
- Operating margin
- 0.5%
What they said about what is next.
FY26 revenue guidance raised to $1.514B - $1.522B.
The filing reads better than the one before it.
What came before.
- 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…
- 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. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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