Klaviyo, Inc.

Services-Prepackaged Software

KVYOStrong7 of 10 basics passed

$17.44

-0.74%

Market cap $4.97B

$17.44

-0.74%

Market cap $4.97B

Klaviyo Inc is a technology company that provides a software-as-a-service (SaaS) platform to enable its customers to send the right messages at the right time across email, short message service, and push notifications, more accurately measure and predict performance, and deploy specific actions and campaigns.

It is a $4.97B technology company. Revenue grew 28.9% over the last year, and it keeps 0¢ of every dollar of sales as profit. It trades at 726.2× earnings — around the middle of its own history.

Website: klaviyo.com
Location: Boston, MA
Employees: 2 368
Sector: Technology
Founded: 2013

Share price · 3 years

$34.70 → $17.44-49.7%

price only — dividends excluded

Key facts · TTM

Revenue: total sales; $1.39B
Profit: keeps 0¢ of every $1 sold; $6.79M
Free cash flow: cash left after running the business; $253M
P/E: years of profit in the price; 726.2
EPS: earnings per share, TTM; $0.02
Shares: up 32% since 2021 — dilution; 290.9M
Volatility: beta vs the market — under 1 swings less; 0.68

Revenue, last 5 years

52-week range

Low $12.86$17.44High $33.26

Today's price is 22% of the way from the year's low to its high.

P/E vs its history3mo

726.2×median 738.6×

Higher than 42% of past days — around the middle of its own history.

Valuation vs own history

P/E

726.2×

58%

P/S

3.5×

92%

P/B

5.1×

84%

FCF yield

5.1%

95%

Share of the last ~5 years that was pricier than today (unusually cheap vs its own history). Based on the daily valuation record.

Insider activity · 90 days

-$5.01Mnet selling

Purchases$0

Sales$5.01M

Insiders trading, last 14d0 buy · 1 sell

Standing in Technology

Size$4.97Btop 95%
Revenue growth+38%top 7%
Net margin0%top 84%
Return on equity1%top 85%
P/E726.2×top 98%

Ranked against 220 Technology companies with a full CV — for P/E, lower ranks higher.

Skills

Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.

Strong health; Profitability and Moat lag behind.

Valuation62

P/E vs own history42th pct · 12/25
FCF yield5.1% · 20/25
P/S3.5x · 20/25
EV/EBITDAn/a · 10/25

Growth50

Revenue CAGR43.5% · 25/25
Net income CAGRn/a · 0/25
EPS CAGR ~5Yn/a · 0/25
Fwd implied growth3356.5% · 25/25

Profitability11

ROIC-32.9% · 0/25
ROE0.6% · 5/25
Net margin0.5% · 6/25
Operating margin-1.9% · 0/25

Health75

Altman Z7.78 · 25/25
Current ratio3.13 · 25/25
Interest coverageno interest expense · 25/25
Net cash / debtn/a · 0/25

Quality66

Piotroski F4/9 · 10/25
Beneish M-3.26 · 25/25
FCF conversion3727% · 25/25
Margin stabilityσ 15.7% · 6/25

Moat35

ROIC >12% years0/3 yrs · 0/25
Median gross margin74.5% · 25/25
FCF-positive years3/5 yrs · 10/25
Worst-year net marginworst -44.2% · 0/25

How the scores work →

Experience

The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.

FY2025Financial
Revenue crossed $1B
$1.23B for the year
2025Acquisition
Klaviyo announced it had acquired Gatsby, a customer engagement platform
2023IPO
Klaviyo filed for an initial public offering (IPO) for a listing at the New York Stock Exchange
2022Acquisition
Klaviyo announced its first acquisition, code development firm Napkin.io
2013Founded
The company was founded in 2013 by Andrew Bialecki and Ed Hallen

Achievements

Verifiable track record, straight from the reported numbers.

$10 000 invested in 2023 would be worth ~$5 324 today — price return only

$1.2B revenue in FY2025

Revenue up 28.9% year over year

Positive free cash flow 3 years in a row

2 368 employees

Strengths & watch-outs

What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.

Strengths

High gross margin (73.8%)
Revenue growing 28.9% year over year
Strong cash conversion — FCF is 18.2% of revenue
Altman Z-Score 7.78 — low bankruptcy-risk zone

Watch-outs

Loss-making in 5 of the recent years

Qualifications

The basics a company should meet before you research it further. Each check uses the reported numbers.

7 of 10 checks passed

Revenue growing — the company sells more than a year ago+28.9% YoY
Profitable — makes more than it spends$6.79M TTM
Profit growing — earnings are higher than last year+31.2% YoY
Generates cash — cash left after running and investing$253M TTM
Debt under control — could handle its obligationscurrent ratio 3.13
Established company — not a micro-cap — lower blow-up risk$4.97B market cap
Not printing shares — share count not ballooning — you keep your slice+31.7% shares over ~5y
Proven track record — years of profitability behind it0/5 profitable years
Financially stable — balance sheet not near distressAltman Z 7.8 — safe
Pays a dividend — returns cash to shareholdersno data
Valuation not extreme — price not wildly above earningsP/E 726.2

Peer comparisonKlaviyo, Inc. vs 6 largest technology peers — cap, P/E, growth and margin side by sideOpen ▾

Company	Market cap	P/E	Revenue growth	Net margin	Profile
KVYO this company	$5.0B	726.2	+28.9%	0.5%	Strong
NVDA Nvidia Corp	$5.5T	28.6	+83.4%	63.7%	Mixed
AAPL Apple Inc.	$4.9T	38.1	+14.2%	27.6%	Strong
GOOGL Alphabet Inc.	$4.3T	17.6	+20.1%	54.8%	Mixed
MSFT Microsoft Corp	$4.0T	29.7	+17.8%	40.3%	Strong
SPCX Space Exploration Technologies Corp.	$2.1T	—	+33.2%	-34.0%	Strained
META Meta Platforms, Inc.	$1.8T	26.9	+27.7%	29.8%	Mixed

Head-to-head: KVYO vs NVDA · KVYO vs AAPL · KVYO vs GOOGL

References

What covering analysts publish about the company — information only, not a recommendation.

Strong buy 10Buy 16Hold 3

Appendix · Financial records

The full statements behind this CV, FY2021–FY2025. For readers who want to check the numbers.

Profit & lossRevenue $1.39B · net income $6.79M (TTM)Open ▾

Profit & loss

Revenue and profit over the company's career — the income statement, visualised.

How FY2025 revenue flows to profit

RevenueNet income

Revenue (TTM)

$1.39B

YoY 28.9%

Net income (TTM)

$6.79M

Margin 0.5%

Gross margin

73.8%

Operating margin

-1.9%

P/E ratio

726.2

Income statement — full detail

Figures in USD billions · EPS in USD

	2021	2022	2023	2024	2025
Revenue	0.3	0.5	0.7	0.9	1.2
Gross profit	0.2	0.3	0.5	0.7	0.9
Operating income (EBIT)	-0.1	-0.1	-0.3	-0.1	-0.1
Net income	-0.1	-0.0	-0.3	-0.0	-0.0
EPS (diluted)	-0.36	-0.29	-1.27	-0.17	-0.11

Cash flowFree cash flow $253M · operating cash flow $276M (TTM)Open ▾

Cash flow statement

Cash generated by the business and what is left after investment — year by year.

Operating cash flowFree cash flow

Free cash flow (TTM)

$253M

Margin 18.2%

Operating cash flow (TTM)

$276M

FCF margin

18.2%

Cash flow statement — full detail

Figures in USD billions

	2021	2022	2023	2024	2025
Operating cash flow	-0.0	-0.0	0.1	0.2	0.2
Capital expenditure	-0.0	-0.0	-0.0	-0.0	-0.0
Free cash flow	-0.0	-0.0	0.1	0.2	0.2
FCF margin	-12.3%	-8.3%	16.6%	17.1%	16.9%

Balance sheetAssets $1.58B · debt n/a (FY2025)Open ▾

Balance sheet

How the balance sheet is built — what it owns versus how it is financed.

How $1.58B of assets is financed

24%

76%

Liabilities $384M — borrowed moneyEquity $1.20B — owners' stake

Altman Z-Score

7.78

Safe zone

Debt repayment

0.0 yrs

Years of free cash flow to clear net debt

ROE

0.6%

Profit per $1 of equity

Balance sheet — full detail

Figures in USD billions

	2021	2022	2023	2024	2025
Cash & equivalents	0.3	0.4	0.7	0.9	1.1
Total assets	0.5	0.6	1.1	1.3	1.6
Total liabilities	2.7	1.7	0.2	0.2	0.4
Total debt	0.1	0.1	—	—	—
Equity	-2.2	-1.0	0.9	1.0	1.2
Net debt	-0.3	-0.3	—	—	—

Want the live picture — intraday moves, valuation history and full analysis?

Deeper analysis of KVYO on PreMarketPrice

Figures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $17.44 · market cap $4.97B.