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KVYOKlaviyo, Inc.
$15.87$4.7B
Overview & Tools
OverviewChart Terminal ↗Visualize
Valuation & Forecasts
Valuation ModelsEstimatesDCF Model
Price & Analyst Data
Analyst TargetsPrice History
Financial Statements
Income StatementBalance SheetCash FlowRatios & Margins
Performance
P/E HistoryRevenue HistoryEarnings HistoryDividend HistoryTotal Return
Discovery & Screens
Live BreakoutsStock ScreenerOwnership
KVYO logo

Klaviyo, Inc.

KVYO
NYSE · Infrastructure Software
$15.87
At close - Sep 22, 4:00 PM EDT - USD
Market Cap$4.75B
P/E-144.3x
52W High$36.23
Volume7.34M
OverviewTerminalAnalysisFinancialsValuationEarningsBreakoutsOwnership
VCP Research Verdict2026Q2

Operating Leverage Emerges Amid SMS Margin Compression

Klaviyo is transitioning from a high-growth, loss-making phase to one characterized by improving operating leverage, evidenced by operating margin swinging from -12.8% in 2024Q4 to -4.0% in 2026Q2 and a first positive operating income of $1.7M in 2026Q1. Reven...

GrowthDecelerating
ProfitabilityStable
ValuationExpensive
TechnicalsWeak
Explore valuation models
MARKET ACTION

KVYO price & volume

Price trend, volume and key moving averages

Launch Terminal
Loading chart...
Decision Checklist4 Core Signals

What matters now

The signals most likely to change the investment case.

01

Earnings momentum

10/12 Beats

EPS beat 10 of last 12 quarters

02

Valuation risk

-480% Peers

P/E is 480% below peer median

03

Market leadership

RS 24 · Lag

Laggard (Underperforming 76% of market)

04

Weak Trend

Below 200DMA

Price < 200DMA

Next CatalystEstimated earnings · Nov 5

Market performance

Price History →

Trailing total returns as of 9/23/2026, which may include dividends or other distributions. Benchmark is S&P 500 (^GSPC).

YTD Return
KVYO-45.87%
S&P 500 (^GSPC)+13.20%
1-Year Return
KVYO-55.82%
S&P 500 (^GSPC)+15.98%
3-Year Return
KVYO-52.47%
S&P 500 (^GSPC)+81.18%
5-Year Return
KVYO-51.56%
S&P 500 (^GSPC)+77.06%
02

Test the fundamentals

Check whether operating performance supports the current valuation.

VALUATION & INTRINSIC VALUE

Valuation Scenarios

Valuation Analysis
Trailing P/E
-144.3x
Forward P/E
19.2x
EV/EBITDA
N/A
FCF YieldCash Flow
4.0%

Valuation vs 5-Year History

Multiple Range
Metric
Current
5Y Median
Historical Range
Percentile
P/E
-144.3x
N/A
N/A
EV/EBITDA
N/A
N/A
N/A
Price/FCF
25.1x
61.3x
0th· Low
Current Multiple
5Y Median (50th %ile)

Intrinsic Value Scenarios

DCF Projection
Bear$7.32-53.9%
Base (Fair)$10.23-33.7%
Bull$9.69-38.9%
$7.32 Bear$10.23 Base$9.69 Bull
Current Market Price: $15.87
Trades at a 55.1% premium to Base DCF ($10.23)
Open DCF & Valuation Models →Chart Terminal ↗

Growth & profitability

Annual revenue & EPS trend
Revenue
$1.23B+31.6% YoY
Net income
-$32M+31.2% YoY
Free cash flow
$190M+27.4% YoY
Operating margin
-5.5%+3.5 pts YoY
ROIC (TTM)-22.2%
Avg ROIC 5Y-
ROE (TTM)-2.8%
Piotroski Score4 / 9
Financial Statements →
03

Monitor what changed

Recent results and news deserve attention only when they alter the forward view.

OPERATING RESULTS

Recent Earnings

Earnings History
EPS Beat Rate10/12 (83%)
Revenue Beat Rate12/12 (100%)
QuarterEPS (Act vs Est)Revenue (Act vs Est)
Q3 2026Latest
Aug 5, 2026
$0.19-0.1%
vs $0.19
$371M+2.3%
vs $362M
Q2 2026
May 5, 2026
$0.22+15.8%
vs $0.19
$358M+2.7%
vs $349M
Q1 2026
Feb 10, 2026
$0.19+11.8%
vs $0.17
$350M+4.9%
vs $334M
Q4 2025
Nov 5, 2025
$0.18+28.9%
vs $0.14
$311M+3.5%
vs $300M
Historical baseline: 12 quarters analyzedGAAP / Adjusted
MARKET COVERAGE

Latest News

5 Stories
Zacks Investment Research·Sep 11, 2026
Is the Options Market Predicting a Spike in Klaviyo Stock?

Investors need to pay close attention to KVYO stock based on the movements in the options market lately.

24/7 Wall Street·Sep 9, 2026
Braze Sinks 12% as Soft Earnings Guide Overshadows Beat and Raise; Klaviyo Advances 3%

Braze (NASDAQ:BRZE | BRZE Price Prediction) delivered a beat and a raise on Tuesday afternoon, and its stock is tumbling anyway.

Business Wire·Sep 9, 2026
Klaviyo Goes Headless, Opening Its Platform to Agents and Marketers Wherever They Work

BOSTON--(BUSINESS WIRE)--Klaviyo (NYSE: KVYO), the autonomous B2C CRM, today at K:BOS, its annual customer conference, announced major updates to its CRM platform so brands can get more out of their AI and agents, better understand their data and personalize every experience with models built for each decision. Klaviyo is also opening up its platform, so users can access Klaviyo from inside whatever AI tool they already use.Consumer businesses serve millions of customers and generate huge volume.

Business Wire·Sep 9, 2026
MNTN and Klaviyo Integrate Performance TV with CRM

NEW YORK--(BUSINESS WIRE)--MNTN (NYSE: MNTN), the technology platform bringing performance marketing to Connected TV, and Klaviyo (NYSE: KVYO), the autonomous B2C CRM, today announced a new integration that brings MNTN Performance TV into email and text marketing workflows. The two-way native integration enables marketers to use Klaviyo audiences on MNTN Performance TV and also use the TV ad exposure to trigger automated email and SMS journeys in Klaviyo. Brands can activate their highest-value.

Filtered for Klaviyo, Inc.More Headlines
04

Compare before deciding

Benchmark KVYO against direct peers instead of judging its metrics in isolation.

Peers Comparison

Key metrics vs top competitors for Klaviyo, Inc. (KVYO)

Full Screener →
CompanyPriceMarket CapP/E RatioRev Growth (1Y)Net MarginROEDiv Yield
KVYO logoKVYOKlaviyo, Inc.Current
$15.87$4.75B-144.2731.63%-2.57%-2.85%—
HUBS logoHUBSHubSpot, Inc.
$217.88$11.16B253.3519.17%4.26%7.75%—
BRZE logoBRZEBraze, Inc.
$25.52$2.87B-20.9224.4%-13.55%-18.75%—
MANH logoMANHManhattan Associates, Inc.
$207.09$12.25B57.533.75%18.67%85.23%—
SPSC logoSPSCSPS Commerce, Inc.
$81.48$2.99B33.1217.83%10.1%8.14%—
TWLO logoTWLOTwilio Inc.
$284.53$43.18B1354.9013.66%20.62%14.15%—

Compare KVYO vs Peers

Klaviyo, Inc. (KVYO) vs competitors — business, growth, and fundamentals comparison against the closest industry rivals.

Closest Rival

vs HUBS

Most directly comparable listed peer for KVYO.

Scale Benchmark

vs GOOGL

Larger-name benchmark to compare KVYO against a more recognizable public peer.

Peer Set

Compare Top 5

vs HUBS, BRZE, MANH, SPSC

05

Keep researching

Verify the primary filings, follow material updates, and answer the remaining questions.

KVYO SEC Filings & Documents

Klaviyo, Inc. (KVYO) SEC filings — annual & quarterly reports (10-K, 10-Q)

8-K Announcements

6
Material company update

Aug 5, 2026·SEC

Material company update

Jul 13, 2026·SEC

Material company update

Jun 9, 2026·SEC

10-K Annual Reports

2
FY 2026

Feb 10, 2026·SEC

FY 2025

Feb 19, 2025·SEC

10-Q Quarterly Reports

5
FY 2026

Aug 5, 2026·SEC

FY 2026

May 5, 2026·SEC

FY 2025

Nov 5, 2025·SEC

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KVYO Frequently Asked Questions

Klaviyo, Inc. (KVYO) stock FAQ — growth, dividends, profitability & financials explained

Growth & Financials
What is Klaviyo, Inc.'s revenue?

Klaviyo, Inc. (KVYO) reported $1.39B in revenue for fiscal year 2025. This represents a 378% increase from $290.6M in 2021.

How fast is Klaviyo, Inc. growing?

Klaviyo, Inc. (KVYO) grew revenue by 31.6% over the past year. This is strong growth.

Is KVYO profitable?

Yes, Klaviyo, Inc. (KVYO) is profitable, generating $6.8M in net income for fiscal year 2025 (-2.6% net margin).

Dividend & Returns
What is KVYO's return on equity?

Klaviyo, Inc. (KVYO) has a return on equity (ROE) of -2.8%. Negative ROE indicates the company is unprofitable.

What is Klaviyo, Inc.'s free cash flow?

Klaviyo, Inc. (KVYO) generated $244.4M in free cash flow for fiscal year 2025. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

What if you invested $1,000 in KVYO back in 2021?

Total return calculator · dividends reinvested · 5+ years of data

See returns →