Klaviyo, Inc. income statement
In fiscal 2025, Klaviyo, Inc. reported revenue of $1.23bn, up 31.6% on the year before, operating income of −$67.8m (a -5.5% margin) and net income of −$31.8m, or −$0.11 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMJun 2026 |
|---|---|---|---|---|---|---|
| Revenue | 291 | 473 | 698 | 937 | 1,234 | 1,390 |
| Cost of revenue | 85 | 128 | 178 | 221 | 313 | 364 |
| Gross profit | 206 | 345 | 520 | 716 | 921 | 1,025 |
| Research and development | 66 | 104 | 262 | 238 | 291 | 321 |
| Selling and marketing | 156 | 214 | 394 | 404 | 506 | 529 |
| General and administrative | 63 | 82 | 194 | 158 | 192 | 201 |
| Operating income | −79 | −55 | −331 | −84 | −68 | −26 |
| Interest expense | 0 | 0 | 0 | — | — | — |
| Income before tax | −79 | −49 | −307 | −44 | −31 | 11 |
| Income tax | 0 | 0 | 1 | 2 | 1 | 4 |
| Net income | −79 | −49 | −308 | −46 | −32 | 7 |
| Diluted EPS | −$0.36 | −$0.21 | −$1.27 | −$0.17 | −$0.11 | $0.02 |
| Diluted shares (average) | 221m | 230m | 243m | 266m | 291m | 302m |
| EBITDA | −74 | −46 | −317 | −66 | −49 | −2 |
| Quarter | 2024 Q3Sept 2024 | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 235 | 270 | 280 | 293 | 311 | 350 | 358 | 371 |
| Cost of revenue | 54 | 72 | 68 | 71 | 76 | 97 | 89 | 101 |
| Gross profit | 181 | 198 | 212 | 222 | 235 | 253 | 269 | 269 |
| Research and development | 56 | 71 | 69 | 72 | 73 | 77 | 80 | 92 |
| Selling and marketing | 100 | 118 | 124 | 127 | 128 | 128 | 134 | 139 |
| General and administrative | 38 | 44 | 43 | 54 | 45 | 49 | 53 | 53 |
| Operating income | −13 | −35 | −24 | −31 | −11 | −2 | 2 | −15 |
| Income before tax | −3 | −25 | −15 | −22 | −1 | 8 | 11 | −7 |
| Income tax | −1 | 2 | −1 | 2 | −0 | 1 | 2 | 2 |
| Net income | −1 | −27 | −14 | −24 | −0 | 7 | 9 | −9 |
| Diluted EPS | −$0.01 | −$0.10 | −$0.05 | −$0.09 | $0.00 | $0.03 | $0.03 | −$0.03 |
| EBITDA | −9 | −30 | −19 | −27 | −6 | 4 | 8 | −8 |
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