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

• Market Cap: $9.04B
• Dividend Yield: N/A
• Average Volume (3M): 2.31M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.46
• Revenue Growth: 33.95%
• EPS Growth: 87.03%
• Country: US
• Employees: 2,316
• Sector: Technology
• Sector Strength: 89
• Industry: Software - Infrastructure
• EPS (TTM): 0.14
• Shares Outstanding: 94,683,730
• 10 Day Avg. Volume: 1,969,416
• 30 Day Avg. Volume: 2,308,535
• PEG Ratio: 4.47
• Price to Book (P/B): -7.96
• Price to Sales (P/S): 0.00
• P/FCF Ratio: -197.40
• Enterprise Value/Market Cap: 0.88
• Enterprise Value/Revenue: 2.19
• Enterprise Value/Gross Profit: 10.39
• Enterprise Value/Ebitda: -14.39
• 1Y Price Target: $43.94
• Price Target Upside: 34.13% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 17

• Rating: 65 Neutral
• Price Target: $36.00 ▲(9.89%Upside)

Klaviyo, Inc.'s overall score is driven by its strong financial performance, particularly in revenue growth and balance sheet stability, and positive earnings call sentiment. However, significant risks remain due to poor valuation metrics and ongoing profitability challenges. Technical analysis provides a neutral outlook, further tempering enthusiasm.

Positive Factors

Financial Performance

Klaviyo achieved a 5% revenue beat and sustained 33% year-over-year total revenue growth, positioning it among a select group of software companies with such high growth rates.

International Growth

International expansion has been successful, with EMEA showing a 47% year-over-year increase and a strong performance in acquiring large customers.

Product Development

New products like Customer Hub and Marketing Analytics are seen as major market expansion efforts that should drive new growth vectors in the longer term.

Negative Factors

Macroeconomic Sensitivity

There are concerns about Klaviyo's exposure to macro-sensitive customers and debates over the conservatism of growth targets.

Retail Customer Base

Management has laid out a strong case for growth durability, and despite concerns about its retail-heavy customer base, the guidance still implies continued potential for upside.

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. Customers pay for access to its marketing automation platform, with pricing tiers based on the number of contacts in their database and the volume of messages sent. This allows Klaviyo to earn recurring revenue from its clients. The company also offers additional features and capabilities, such as advanced analytics and customized integrations, which can be purchased at higher subscription levels. In addition to its core subscription services, Klaviyo partners with e-commerce platforms and other technology providers to expand its reach and offer integrated solutions, further enhancing its revenue potential. These partnerships are significant in driving customer acquisition and retention, contributing to the company's overall earnings growth.

Klaviyo, Inc. Class A Financial Statement Overview

Summary

Klaviyo, Inc. shows significant revenue growth and robust gross profit margins, demonstrating strong market presence. The Balance Sheet indicates financial stability with low leverage, yet profitability remains a challenge due to persistent net losses. Efficient cash management is evident, but a decline in operating cash flow signals potential future challenges.

Income Statement

Klaviyo, Inc. shows strong revenue growth with a Revenue Growth Rate of 43% from 2023 to 2024 and 39% from 2024 to TTM (Trailing-Twelve-Months). Gross Profit Margin remains robust at around 76% TTM. However, the company is struggling with profitability as indicated by negative EBIT and Net Profit Margins, suggesting operational inefficiencies or high costs.

Balance Sheet

The company's Balance Sheet is stable with a low Debt-to-Equity Ratio of 0.10 TTM, indicating low leverage. The Equity Ratio is solid at 79% TTM, showcasing financial stability. However, the high liabilities in previous years highlight potential financial risks.

Cash Flow

Cash flow performance is strong with positive Operating Cash Flow and Free Cash Flow TTM. The Free Cash Flow to Net Income Ratio is favorable, suggesting efficient cash management despite net losses. However, a decline in Operating Cash Flow from 2024 to TTM indicates potential future cash flow challenges.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.01B	937.46M	698.10M	472.75M	290.64M
Gross Profit	763.23M	716.16M	520.21M	344.72M	205.94M
EBITDA	-69.01M	-66.36M	-293.35M	-40.03M	-73.80M
Net Income	-47.35M	-46.14M	-308.23M	-49.19M	-79.39M
Balance Sheet
Total Assets	1.35B	1.27B	1.09B	629.08M	464.45M
Cash, Cash Equivalents and Short-Term Investments	888.43M	881.47M	738.56M	385.82M	327.91M
Total Debt	102.69M	53.44M	51.58M	62.41M	65.47M
Total Liabilities	283.38M	239.32M	174.27M	1.67B	2.70B
Stockholders Equity	1.06B	1.03B	914.78M	-1.04B	-2.24B
Cash Flow
Free Cash Flow	132.39M	148.73M	110.01M	-41.80M	-36.97M
Operating Cash Flow	154.13M	165.96M	119.37M	-23.55M	-22.74M
Investing Cash Flow	-21.74M	-17.23M	-9.36M	-18.75M	-14.23M
Financing Cash Flow	-99.00K	-5.80M	242.73M	101.30M	211.26M

Klaviyo, Inc. Class A Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 32.76
• 50DMA: Positive
• 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 32.76 is below the 20-day moving average (MA) of 33.71, above the 50-day MA of 32.38, and below the 200-day MA of 36.46, indicating a neutral trend. The MACD of -0.07 indicates Positive momentum. The RSI at 48.49 is Neutral, neither overbought nor oversold. The STOCH value of 49.49 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
MDB	77 Outperform	$16.90B	―	-4.00%	―	19.24%	59.66%
WEX	70 Outperform	$4.95B	19.23	24.37%	―	0.90%	26.13%
BASE	68 Neutral	$1.32B	―	-55.90%	―	12.76%	16.97%
KVYO	65 Neutral	$9.04B	―	-4.73%	―	33.95%	87.03%
CFLT	64 Neutral	$8.13B	―	-34.18%	―	24.11%	21.87%
S	64 Neutral	$5.90B	―	-26.98%	―	32.25%	20.56%
Sector *	56 Neutral	$3.12B	5.00	-5.68%	6.01%	7.96%	-51.05%

Klaviyo, Inc. Class A Corporate Events

Klaviyo, Inc. Stockholders Approve Key Governance Proposals

On June 10, 2025, Klaviyo, Inc. held its annual meeting of stockholders virtually, where four key proposals were voted on. The stockholders elected Ed Hallen, Michael Medici, and Roxanne Oulman as Class II directors, ratified Deloitte & Touche LLP as the independent auditor, approved executive compensation, and decided on an annual frequency for advisory votes on executive compensation. These decisions reflect the company’s ongoing governance and operational strategies, potentially impacting its market positioning and stakeholder relations.

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.

Klaviyo Announces $372M Secondary Offering for Tax Obligations

On May 13, 2025, Klaviyo, Inc. announced a secondary offering of $372 million in Series A common stock, primarily to cover CEO Andrew Bialecki’s tax obligations related to stock options. The company will not receive proceeds from this offering, which is managed by Goldman Sachs and Morgan Stanley, and its completion is subject to market conditions.

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.