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

• Market Cap: $8.11B
• Dividend Yield: N/A
• Average Volume (3M): 3.66M
• Price to Earnings (P/E): ―
• Beta (1Y): 1.31
• Revenue Growth: 32.81%
• EPS Growth: -36.32%
• Country: US
• Employees: 2,316
• Sector: Technology
• Sector Strength: 88
• Industry: Software - Infrastructure
• EPS (TTM): 0.18
• Shares Outstanding: 116,897,730
• 10 Day Avg. Volume: 3,600,559
• 30 Day Avg. Volume: 3,656,600
• PEG Ratio: 2.75
• Price to Book (P/B): 10.62
• Price to Sales (P/S): 11.72
• P/FCF Ratio: 73.85
• Enterprise Value/Market Cap: 0.92
• Enterprise Value/Revenue: 6.47
• Enterprise Value/Gross Profit: 8.61
• Enterprise Value/Ebitda: -103.24
• 1Y Price Target: $43.06
• Price Target Upside: 41.09% Upside
• Rating Consensus: Strong Buy
• Number of Analyst Covering: 17
• EPS Forecast (FY): 0.58
• Revenue Forecast (FY): $1.20B

• Rating: 66 Neutral
• Price Target: $31.00 ▲(1.57% Upside)

Klaviyo, Inc. shows strong potential with impressive revenue growth and strategic focus on AI and international expansion, as highlighted in the earnings call. However, profitability challenges and a negative P/E ratio weigh on the valuation. Technical indicators suggest mixed momentum, adding some uncertainty to the stock's short-term outlook.

Positive Factors

Revenue Growth

Consistent revenue growth indicates strong demand for Klaviyo's products and services, enhancing its market position and long-term viability.

International Expansion

Successful international expansion diversifies revenue streams and reduces dependence on domestic markets, supporting sustainable growth.

AI Product Adoption

Rapid adoption of AI products positions Klaviyo as a leader in innovation, enhancing competitive advantage and future growth potential.

Negative Factors

Profitability Challenges

Ongoing net losses and negative profit margins may limit financial flexibility and investment in growth initiatives, impacting long-term success.

Legacy Tech Stack Challenges

Difficulty in replacing legacy systems could slow enterprise adoption of new technologies, affecting revenue growth and market penetration.

Limited Immediate Revenue from AI

While promising, the slow revenue realization from AI products may delay financial benefits, affecting short-term financial performance.

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	1.15B	937.46M	698.10M	472.75M	290.64M
Gross Profit	867.17M	716.16M	520.21M	344.72M	205.94M
EBITDA	-72.29M	-66.36M	-316.97M	-46.00M	-73.80M
Net Income	-65.77M	-46.14M	-308.23M	-49.19M	-79.39M
Balance Sheet
Total Assets	1.47B	1.27B	1.09B	629.08M	464.45M
Cash, Cash Equivalents and Short-Term Investments	980.27M	881.47M	738.56M	385.82M	327.91M
Total Debt	113.41M	53.44M	51.58M	62.41M	65.47M
Total Liabilities	322.99M	239.32M	174.27M	1.67B	2.70B
Stockholders Equity	1.14B	1.03B	914.78M	-1.04B	-2.24B
Cash Flow
Free Cash Flow	179.31M	148.73M	110.01M	-41.80M	-36.97M
Operating Cash Flow	184.94M	165.96M	119.37M	-23.55M	-22.74M
Investing Cash Flow	-30.41M	-17.23M	-9.36M	-18.75M	-14.23M
Financing Cash Flow	-1.42M	-5.80M	242.73M	101.30M	211.26M

Klaviyo, Inc. Class A Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 30.52
• 50DMA: Positive
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For KVYO, the sentiment is Positive. The current price of 30.52 is above the 20-day moving average (MA) of 25.86, above the 50-day MA of 28.73, and below the 200-day MA of 32.99, indicating a neutral trend. The MACD of 0.03 indicates Negative momentum. The RSI at 68.20 is Neutral, neither overbought nor oversold. The STOCH value of 96.01 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for KVYO.

Klaviyo, Inc. Class A Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
AKAM	74 Outperform	$10.47B	24.54	10.64%	―	4.21%	-0.63%
CFLT	67 Neutral	$7.89B	―	-29.62%	―	21.58%	18.88%
KVYO	66 Neutral	$8.11B	―	-6.10%	―	32.81%	-36.32%
DBX	65 Neutral	$7.50B	17.47	―	―	-0.44%	2.47%
Sector *	61 Neutral	$37.18B	12.37	-10.20%	1.83%	8.50%	-7.62%
INFA	54 Neutral	$8.66B	757.32	0.43%	―	1.32%	-84.56%
VRNS	44 Neutral	$4.13B	―	-22.17%	―	11.37%	-34.44%

Klaviyo, Inc. Class A Corporate Events

Klaviyo’s Earnings Call: Strong Growth & AI Focus

Klaviyo, Inc. Class A recently held its earnings call, revealing a generally positive sentiment driven by strong revenue growth, successful international expansion, and the rapid adoption of AI-driven products. Despite some uncertainties regarding the holiday season and challenges with replacing legacy systems, the company’s strategic focus on AI and multiproduct growth positions it well for future success.

Klaviyo Reports Strong Q3 Growth and Raises Guidance

Klaviyo, Inc. is a business-to-consumer customer relationship management (CRM) company that integrates marketing automation, analytics, and customer service through its AI-powered platform, serving over 183,000 brands worldwide.

Klaviyo, Inc. Unveils AI-Driven CRM Strategy

On September 25, 2025, Klaviyo, Inc. held an Investor Day event where it presented its business strategy, market opportunities, and financial performance. The company highlighted its focus on building an autonomous CRM platform, emphasizing the integration of AI to drive productivity and enhance customer experiences. Klaviyo aims to expand its market presence by targeting mid-market and enterprise customers, leveraging its data-driven approach to fuel growth and innovation.

The most recent analyst rating on (KVYO) stock is a Buy with a $50.00 price target. To see the full list of analyst forecasts on Klaviyo, Inc. Class A stock, see the KVYO Stock Forecast page.

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.

Klaviyo’s Earnings Call: Strong Growth Amid Challenges

Klaviyo’s recent earnings call painted a picture of robust growth and strategic progress, with the company reporting significant revenue increases, successful customer and international expansion, and innovative AI-driven product developments. However, the call also highlighted challenges in maintaining gross margins due to rising infrastructure and SMS costs, alongside notable leadership changes.