KVYONYSEServices-Prepackaged SoftwareFiscal year ends December 31
Klaviyo, Inc.
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 5, 2026
$17.52+0.44 (+2.58%)
Close on Oct 19, 2026
- Market cap
- $5.20B
- P/E (TTM)
- 876.0
- Dividend yield
- –
Margins
Share of revenue, fiscal years 2020 to 2025
Gross margin
74.7%
Operating margin
-5.5%
Net margin
-2.6%
Growth rates
Compound annual growth to fiscal 2025
| Per year | 1 year | 3 years | 5 years | 10 years | Five-year pace |
|---|---|---|---|---|---|
| Revenue | +31.6% | +37.7% | – | – | |
| Gross profit | +28.7% | +38.8% | – | – | |
| Free cash flow | +30.3% | – | – | – |
Returns and balance sheet
6 fiscal years. Hover a measure to see how it is calculated.
| Measure | FY2020 | FY2020 | FY2025 | Trend |
|---|---|---|---|---|
| Return on equity | – | – | -2.8% | |
| Return on assets | – | – | -2.2% | |
| Current ratio | – | – | 4.27 | |
| Capex to revenue | – | – | 0.8% | |
| Diluted shares | – | – | 291M |
Where the cash went
Fiscal 2021 to 2025, five years combined
Klaviyo generated $549.62M from operations and spent $188.32M on capital expenditure, dividends and share buybacks. 25% of that went back into the business.
Generated
$549.62M
Used
$188.32M
Capital expenditure$47.90M25%Dividends$00%Share buybacks$140.41M75%
DuPont analysis
Return on equity split into margin, efficiency and leverage
Net margin-2.6%
×Asset turnover0.86×
×Equity multiplier1.28×
=Return on equity, FY2025-2.8%
| Fiscal year | Net margin | Asset turnover | Equity multiplier | Return on equity |
|---|---|---|---|---|
| FY2025 | -2.6% | 0.86× | 1.28× | -2.8% |
| FY2024 | -4.9% | 0.79× | 1.21× | -4.7% |
| FY2023 | -44.2% | 0.81× | -14.15× | 507.8% |
Piotroski F-Score
Nine tests of profitability, balance sheet and efficiency, fiscal 2025 against fiscal 2024
4of 8 tests passed in fiscal 2025. Some tests lack the figures they need.
- ProfitableNet income above zero-$31.77M
- Cash generatingOperating cash flow above zero$218.01M
- Return on assets improvedROA up on the prior year-4.2% → -2.5%
- Earnings backed by cashOperating cash flow above net income$218.01M vs -$31.77M
- Less leverageLong-term debt to assets fell– → –
- Better liquidityCurrent ratio rose4.90 → 4.27
- No dilutionShare count did not rise266M → 291M
- Gross margin improvedGross margin up on the prior year76.39% → 74.67%
- More efficientAsset turnover rose0.86 → 0.97