Klaviyo, Inc. Series A (KVYO) Stock Fundamentals, Analysis & Risk Signals

Health score, price, valuation, risk signals, and key metrics at a glance.

Klaviyo, Inc. Series A

NYSE•Technology•Software - Application

$16.30-0.68(-0.04%)Market open

Market Cap

$4.88B

P/E

718.2x

P/S

3.5x

P/B

5.0x

Klaviyo, Inc. provides a cloud-based software-as-a-service platform in the United States, rest of the Americas, the Asia-Pacific, the United Kingdom, rest of Europe, the Middle East, and Africa. The company offers Klaviyo business-to-consumer (B2C) CRM, a unified platform that combines marketing, service, and analytics into a single system. It also provides Klaviyo Data Platform (KDP), which offer tools to unify, enrich, transform data, run more advanced reporting and predictive analysis, and sync data; Advanced KDP that provides an enhanced set of data capabilities; Marketing Agent, an AI-driven and autonomous marketing assistant designed to automate and accelerate marketing strategy, content creation, and campaign execution; Customer Agent, an AI-powered assistant that provides support and selling across digital channels; Klaviyo Social, which brings social interaction data into the company's unified consumer profiles; and Marketing Analytics that provide real-time AI-powered insights into consumer purchase. In addition, the company offers email marketing solutions comprising a range of customizable drag-and-drop templates, automated campaign and workflow capabilities, smart send time optimization, generative AI tools, and A/B testing; mobile messaging capabilities through text messaging, rich communication services, and WhatsApp; personalized push notifications; reviews add-on to collect product reviews, consumer data, and messaging; and integration, segmentation, automation, and analytics and benchmark features for its platform. Further, it provides Customer Hub, a consumer-facing portal that brings shopping, service, and personalization together in one place; and Helpdesk, an AI-powered workspace for managing consumer conversations across channels. The company serves entrepreneurs, small and medium-sized businesses, mid-market businesses, and enterprises. Klaviyo, Inc. was incorporated in 2012 and is headquartered in Boston, Massachusetts.

How this company scores

GoodMetricSide Score: 61/100

Strongest: Growth (21/25); weakest: Profitability (8/25).

Profitability8/25

Growth21/25

Balance Sheet & Red Flags15/25

Cash & Earnings Quality17/25

Strengths

Growing revenueRising free cash flowRising earningsInterest easily covered

Valuation vs. 5-year range

Today's multiple positioned against its own trailing range — a visual premium/discount check.

P/E · 718.2x5y range 718.2x – 718.2x

P/S · 3.5x5y range 3.5x – 12.1x

Currently below its 9-quarter median.

P/B · 5.0x5y range 5.0x – 11.0x

Watch items

Data-driven signals worth keeping an eye on across the last 8 quarters

High Risk

Margin Pressure

Red Flag

The company posted negative operating margins in recent quarters — core operations are unprofitable.

Earnings Quality

Red Flag

FCF consistently trails net income (avg -18.8x) — earnings may be inflated by non-cash items or aggressive accounting.

Price & Volume

Market Cap $4.88B

Metrics at a Glance

as of June 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue: $1.39B
Q. Revenue: $370.58M
TTM EBITDA: $-2.40M
TTM Op. Income: $-25.90M
Q. Op. Income: $-14.96M
TTM Net Income: $6.79M
Q. Net Income: $-8.85M
EPS: $-0.03
Shares Out.: $296.85M

$1.39B in TTM revenue grew 28.9% YoY, reaching $370.58M last quarter. TTM EBITDA of $-2.40M and TTM operating income of $-25.90M show growth is flowing through to the bottom line. TTM net income of $6.79M means revenue is converting into profit. Across the last 8 quarters, TTM revenue has risen for 6 consecutive quarters — an improving trend.

Margins

Gross, EBITDA, operating, and net margin trends

Gross Margin: 72.6%
EBITDA Margin: -2.1%
Op. Margin: -4.0%
Net Margin: -2.4%

Op. margin of -4.0% is up 6.6% YoY — cost efficiency is improving. Net margin at -2.4% and gross margin of 72.6% show how much of each revenue dollar survives to profit. Over the past year, operating margin is up 62% — a weakening trend.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio: 718.2x
P/S Ratio: 3.5x
P/B Ratio: 5.0x

At 718.2x P/E, the stock trades above typical market levels — the market expects above-average growth. P/S of 3.5x and P/B of 5.0x provide additional context. Use the growth and margin sections to judge whether the multiple is justified.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets: $1.38B
Cash: $832.64M
Long-Term Debt: N/A
Book Value: $967.02M
D/E Ratio: N/A
Debt/EBITDA: N/A

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow: $93.88M
TTM Free Cash Flow: $253.12M
FCF Margin: 18.2%
FCF / Net Income: 37.3

TTM FCF of $253.12M on $93.88M in operating cash flow. The FCF / Net Income ratio of 37.3x means free cash flow covers net income — earnings are backed by cash. Across the last 8 quarters, free cash flow has risen for 5 consecutive quarters — an improving trend.