Klaviyo, Inc.
Financial Performance
Klaviyo Revenue & Financials
Revenue
$1.2B (FY2025)
Market Cap
$4.5B
Employees
2,368
What is Klaviyo's revenue?
Klaviyo had $1.2B in revenue for fiscal year 2025, up 31.6% from 2024. It reported a net loss of $31.8M.
- Latest revenue
- $1.2B (FY2025)
- Year-over-year
- +31.6%
- Growth rate (CAGR)
- 43.5% over 4 years
- Peak revenue
- $1.2B (FY2025)
- Years of data
- 5
- Employees
- 2,368
Financial Analysis
Klaviyo's revenue rose from $290.6 million in 2021 to $472.7 million in 2022, $698.1 million in 2023, $937.5 million in 2024 and $1.234 billion in 2025. The 2023 net loss of $308.2 million was inflated by IPO-related stock compensation; losses narrowed to $46.1 million in 2024 and $31.8 million in 2025. On a non-GAAP basis the business is profitable: 2025 non-GAAP operating margin was 14% and free cash flow margin was 16%. For Q2 2026 it reported $370.6 million revenue, 73% gross margin, a $15.0 million GAAP operating loss, $50.9 million non-GAAP operating income and $82.9 million of free cash flow. Klaviyo, Inc. is a major marketing automation platform specifically tailored for e-commerce, maintaining a market valuation generally exceeding $8 billion.
Revenue Trend Analysis
YoY Change
+31.6%
4-Year CAGR
+43.5%
Peak Year
2025
Trend
Consistent Growth
Klaviyo, Inc. has 5 full fiscal year figures on this page, compounding at +43.5% annually over 4 years. The most recent year saw a 31.6% increase versus the prior year. Annual revenue peaked in fiscal year 2025 at $1.2B. Of 4 comparable year-over-year steps, 4 showed growth and 0 showed a decline.
Annual revenue history
| Fiscal Year | Revenue | Operating Income | Net Income | YoY Change | Source |
|---|---|---|---|---|---|
| FY2025 | $1.2B | -$67.8M | -$31.8M | +31.6% | Klaviyo, Inc. annual report (Form 10-K, SEC EDGAR, filed 2026-02-10) Fiscal year ended 2025-12-31. |
| FY2024 | $937.5M | -$84.1M | -$46.1M | +34.3% | Klaviyo, Inc. annual report (Form 10-K, SEC EDGAR, filed 2026-02-10) Fiscal year ended 2024-12-31. |
| FY2023 | $698.1M | -$330.6M | -$308.2M | +47.7% | Klaviyo, Inc. annual report (Form 10-K, SEC EDGAR, filed 2026-02-10) Fiscal year ended 2023-12-31. |
| FY2022 | $472.7M | -$55M | -$49.2M | +62.7% | Klaviyo, Inc. annual report (Form 10-K, SEC EDGAR, filed 2025-02-19) Fiscal year ended 2022-12-31. |
| FY2021 | $290.6M | -$79.2M | -$79.4M | — | Klaviyo, Inc. annual report (Form 10-K, SEC EDGAR, filed 2024-02-29) Fiscal year ended 2021-12-31. |
Click any row to see year details.
Klaviyo, Inc. balance sheet and cash flow
Balance-sheet figures are as of each fiscal year end; cash-flow figures cover the fiscal year. Taken from the company's annual report on Form 10-K, linked on each row. Free cash flow here is operating cash flow less capital expenditures, calculated by CorpDigest. In some years total assets exceed liabilities plus shareholders' equity because the company reported redeemable preferred stock or non-controlling interests outside both.
| Fiscal Year | Operating cash flow | Capital expenditures | Total assets | Total liabilities | Shareholders' equity | Free cash flow | Source |
|---|---|---|---|---|---|---|---|
| FY2025ended Dec 31, 2025 | $218M | $9.5M | $1.6B | $384M | $1.2B | $208.5M | Form 10-K |
| FY2024ended Dec 31, 2024 | $166M | $5.9M | $1.3B | $239.3M | $1B | $160M | Form 10-K |
| FY2023ended Dec 31, 2023 | $119.4M | $3.7M | $1.1B | $174.3M | $914.8M | $115.7M | Form 10-K |
| FY2022ended Dec 31, 2022 | -$23.6M | $15.8M | $629.1M | $133.4M | -$1B | -$39.4M | Form 10-K |
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Klaviyo Revenue and Financial FAQ
What was Klaviyo's revenue in 2025?
Klaviyo reported $1.234 billion in 2025 revenue, up 32% from $937.5 million in 2024.
What were Klaviyo's Q2 2026 results?
For the quarter ended June 30, 2026, revenue was $370.6 million (+26%), gross margin 73%, GAAP operating loss $15.0 million, non-GAAP operating income $50.9 million and free cash flow $82.9 million.
What is Klaviyo's 2026 guidance?
In August 2026 Klaviyo raised full-year guidance to $1.526-$1.534 billion in revenue (about 24% growth) and $212-$218 million in non-GAAP operating income.
Does Klaviyo make a profit?
It reports GAAP net losses ($31.8 million in 2025, down from $46.1 million in 2024 and $308.2 million in 2023) but positive non-GAAP operating income and free cash flow.
What is Klaviyo's net revenue retention?
Net revenue retention was 110% for 2025 and 109% at June 30, 2026.
How fast is Klaviyo growing internationally?
Revenue outside the Americas grew 42% in 2025 and 35% year over year in Q2 2026, and accounts for over a third of the business.
Is Klaviyo a public company?
Yes. In September 2023, Klaviyo executed a highly anticipated IPO on the New York Stock Exchange. Their absolute financial superpower is their relationship with Shopify. In 2022, Shopify (the massive e-commerce platform) invested a staggering $100 million directly into Klaviyo, essentially anointing them as the "official" recommended marketing partner for millions of Shopify merchants.
Cite or embed this data
Using these figures? Please credit CorpDigest with a link.
CorpDigest. "Klaviyo Revenue & Financials." CorpDigest, https://corpdigest.com/company/klaviyo/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>Klaviyo reported $1.2B in revenue (FY2025).</strong><br>Source: <a href="https://corpdigest.com/company/klaviyo/financials" target="_blank" rel="noopener">CorpDigest — Klaviyo financials</a></div>Related Financial Audits
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