Klaviyo, Inc. Class A (KVYO) AI Stock Analysis

• Market Cap: $9.50B
• Dividend Yield: N/A
• Average Volume (3M): 2.46M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.55
• Revenue Growth: 33.17%
• EPS Growth: 82.85%
• Country: US
• Employees: 2,316
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Infrastructure
• EPS (TTM): 0.16
• Shares Outstanding: 116,897,730
• 10 Day Avg. Volume: 3,273,315
• 30 Day Avg. Volume: 2,456,711
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 0.92
• Enterprise Value/Revenue: 8.10
• Enterprise Value/Gross Profit: 10.74
• Enterprise Value/Ebitda: -102.98
• 1Y Price Target: $45.80
• Price Target Upside: 40.92% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 17

• Rating: 66 Neutral
• Price Target: $35.00 ▲(7.69% Upside)

Klaviyo's overall stock score reflects strong financial performance and positive earnings call insights, particularly in revenue growth and international expansion. However, the valuation remains a concern due to negative earnings, and technical indicators suggest mixed momentum. The company's focus on AI-driven innovation and strategic growth initiatives are positive, but profitability challenges and leadership changes pose risks.

Positive Factors

Revenue Growth

Strong revenue growth indicates robust demand for Klaviyo's services and effective market penetration, supporting long-term business expansion.

International Expansion

Significant international revenue growth demonstrates Klaviyo's successful global expansion strategy, enhancing its market position and diversification.

Product Innovation

Continuous product innovation and AI integration strengthen Klaviyo's competitive edge, driving customer engagement and future growth.

Negative Factors

Profitability Challenges

Ongoing net losses and negative profit margins highlight challenges in achieving profitability, which could impact long-term financial sustainability.

Gross Margin Pressure

Decreased gross margins due to rising infrastructure costs may pressure profitability, affecting Klaviyo's ability to maintain cost efficiency.

Leadership Changes

Leadership changes, such as the President's retirement, could disrupt strategic continuity and affect company operations in the short to medium term.

Klaviyo, Inc. Class A Business Overview & Revenue Model

Company Description

Klaviyo, Inc., a technology company that provides a software-as-a-service platform to enable its customers to send the right messages at the right time across email, short message service (SMS), and push notifications. The company offers Klaviyo, a marketing automation platform that sends personalized and targeted messages. Its products include email marketing solution to track every click and purchase to optimize campaigns; SMS, a text marketing solution for ecommerce growth and retention; and mobile push solution that reaches customers directly on their lock screen with mobile push notifications. The company also provides Review solution to get the product reviews; and a customer data platform that helps store, analyze, and use data at scale. It serves individuals, small and medium enterprises, and companies in North America, Western Europe, Canada, the United Kingdom, Australia, and New Zealand. The was incorporated in 2012 and is based in Boston, Massachusetts.

How the Company Makes Money

Klaviyo generates revenue primarily through a subscription-based model, where businesses pay for access to its marketing automation platform. The pricing structure is tiered based on the number of contacts managed and the level of features included in the subscription. Additionally, Klaviyo earns revenue from professional services such as onboarding, training, and consulting that help clients optimize their use of the platform. Key partnerships with e-commerce platforms and integrations with various applications enhance the company’s ecosystem, providing additional opportunities for customer acquisition and retention, thereby contributing to its overall earnings.

Klaviyo, Inc. Class A Financial Statement Overview

Summary

Klaviyo, Inc. demonstrates strong revenue growth and efficient cost management, as evidenced by its high gross profit margin. The balance sheet is solid, with low leverage and a strong equity position. Cash flow generation is improving, with significant growth in free cash flow. However, the company continues to face challenges in achieving profitability, as reflected in its negative net income and return on equity. Overall, Klaviyo is on a positive trajectory but needs to focus on turning revenue growth into sustainable profits.

Income Statement

Klaviyo, Inc. has shown consistent revenue growth, with a TTM growth rate of 7.04%. The gross profit margin remains strong at 75.77%, indicating efficient cost management. However, the company is still operating at a net loss, with a net profit margin of -4.70%, and negative EBIT and EBITDA margins, reflecting ongoing challenges in achieving profitability.

Balance Sheet

The balance sheet shows a healthy debt-to-equity ratio of 0.10, suggesting low leverage and financial stability. The equity ratio is strong, with stockholders' equity making up a significant portion of total assets. However, the negative return on equity indicates that the company is not yet generating positive returns for shareholders.

Cash Flow

The cash flow statement highlights a positive trend, with free cash flow growth of 20.34% in the TTM period. The operating cash flow to net income ratio is robust at 0.80, indicating good cash generation relative to net income. The free cash flow to net income ratio of 0.86 further underscores the company's ability to generate cash despite net losses.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.08B	937.46M	698.10M	472.75M	290.64M
Gross Profit	813.17M	716.16M	520.21M	344.72M	205.94M
EBITDA	-84.79M	-66.36M	-316.97M	-46.00M	-73.80M
Net Income	-66.69M	-46.14M	-308.23M	-49.19M	-79.39M
Balance Sheet
Total Assets	1.40B	1.27B	1.09B	629.08M	464.45M
Cash, Cash Equivalents and Short-Term Investments	935.52M	881.47M	738.56M	385.82M	327.91M
Total Debt	99.19M	53.44M	51.58M	62.41M	65.47M
Total Liabilities	301.13M	239.32M	174.27M	1.67B	2.70B
Stockholders Equity	1.10B	1.03B	914.78M	-1.04B	-2.24B
Cash Flow
Free Cash Flow	159.32M	148.73M	110.01M	-41.80M	-36.97M
Operating Cash Flow	168.96M	165.96M	119.37M	-23.55M	-22.74M
Investing Cash Flow	-25.21M	-17.23M	-9.36M	-18.75M	-14.23M
Financing Cash Flow	-2.12M	-5.80M	242.73M	101.30M	211.26M

Klaviyo, Inc. Class A Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 32.50
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KVYO, the sentiment is Negative. The current price of 32.5 is below the 20-day moving average (MA) of 32.73, above the 50-day MA of 32.30, and below the 200-day MA of 35.29, indicating a bearish trend. The MACD of 0.46 indicates Positive momentum. The RSI at 44.97 is Neutral, neither overbought nor oversold. The STOCH value of 39.08 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for KVYO.

Klaviyo, Inc. Class A Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
VRNS	72 Outperform	6.67B	-64.99	-30.14%	―	14.29%	-14.42%
AKAM	72 Outperform	10.90B	26.96	9.50%	―	3.98%	-31.18%
DBX	69 Neutral	8.22B	19.23	-37.18%	―	-0.04%	-5.07%
INFA	67 Neutral	8.65B	-957.92	-0.32%	―	1.16%	-104.62%
KVYO	66 Neutral	$9.50B	―	-6.42%	―	33.17%	82.85%
CFLT	59 Neutral	6.82B	-21.11	-29.31%	―	23.02%	21.01%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%

Klaviyo, Inc. Class A Corporate Events

Klaviyo Appoints Chano Fernández as Interim Executive Officer

On August 29, 2025, Klaviyo, Inc. announced that Chano Fernández has been appointed as Interim Executive Officer, effective September 1, 2025. Fernández, who has been a Board member since July 2023, will serve in this role until December 31, 2025, reporting to CEO Andrew Bialecki. As a result, he will no longer serve as Chairperson or member of the Compensation Committee, with Tony Weisman taking over these responsibilities. Fernández’s extensive experience includes leadership roles at Eightfold.ai and Workday, Inc. His compensation package includes a monthly salary and restricted stock units valued at $3.2 million, vesting in November 2025.

The most recent analyst rating on (KVYO) stock is a Hold with a $34.00 price target. To see the full list of analyst forecasts on Klaviyo, Inc. Class A stock, see the KVYO Stock Forecast page.

Klaviyo Announces Secondary Offering of Series A Shares

On August 13, 2025, Klaviyo, Inc. announced a secondary offering of 6,500,000 shares of Series A common stock by Summit Partners affiliates, with Barclays as the underwriter. The company will not receive proceeds from this sale, which is subject to market conditions, impacting its market positioning and stakeholder interests.

The most recent analyst rating on (KVYO) stock is a Buy with a $43.00 price target. To see the full list of analyst forecasts on Klaviyo, Inc. Class A stock, see the KVYO Stock Forecast page.