Klaviyo, Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|
| Revenue | $1.23B | $937.5M | $698.1M | $472.7M | $290.6M |
| Cost of Revenue | $312.5M | $221.3M | $177.9M | $128.0M | $84.7M |
| Gross Profit | $921.5M | $716.2M | $520.2M | $344.7M | $205.9M |
| Gross Margin | 74.7% | 76.4% | 74.5% | 72.9% | 70.9% |
| Operating Expenses | |||||
| Research & Development | $291.2M | $238.5M | $262.2M | $104.1M | $65.6M |
| SG&A Expense | $191.8M | $157.6M | $194.3M | $81.8M | $63.2M |
| Operating Income | $-67.8M | $-84.1M | $-330.6M | $-55.0M | $-79.2M |
| Operating Margin | -5.5% | -9.0% | -47.4% | -11.6% | -27.3% |
| Interest Expense | — | — | $0 | $0 | $8.0K |
| Pretax Income | $-30.5M | $-43.7M | $-307.0M | $-49.1M | $-79.1M |
| Income Tax Expense | $1.3M | $2.5M | $1.2M | $83.0K | $319.0K |
| Net Income | $-31.8M | $-46.1M | $-308.2M | $-49.2M | $-79.4M |
| Net Margin | -2.6% | -4.9% | -44.2% | -10.4% | -27.3% |
| EPS (Basic) | $-0.11 | $-0.17 | $-1.27 | $-0.21 | $-0.36 |
| EPS (Diluted) | $-0.11 | $-0.17 | $-1.27 | $-0.21 | $-0.36 |
| Shares Outstanding (Basic) | 290.9M | 266.3M | 242.9M | 229.9M | 220.9M |
| Shares Outstanding (Diluted) | 290.9M | 266.3M | 242.9M | 229.9M | 220.9M |
| Dividends Per Share | — | — | — | — | — |