← Klaviyo, Inc.
| Annual Trend | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| Net loss | ($79.4m) | ($49.2m) | ($308.2m) | ($46.1m) | ($31.8m) | — | |
| Depreciation and amortization expense | $5.3m | $9.0m | $13.7m | $17.7m | $18.6m | $23.5m | |
| Amortization of deferred contract acquisition costs | $3.4m | $10.6m | $15.8m | $19.8m | $29.9m | — | |
| Amortization of prepaid marketing expense | $0 | $22.0m | $52.9m | $52.9m | $52.9m | — | |
| Deferred income tax | $0 | $0 | ($3.2m) | $559k | ($3.1m) | ($3.1m) | |
| Stock-based compensation expense | $35.2m | $6.8m | $340.8m | $135.2m | $162.0m | $171.4m | |
| Employee taxes paid related to net share settlement of stock-based awards | $0 | $0 | ($81.6m) | ($23.7m) | ($18.0m) | — | |
| Capitalization of stock-based compensation expense related to internal-use software | $2k | $0 | $1.3m | $3.6m | $4.4m | — | |
| Accounts receivable | ($5.1m) | ($5.2m) | ($12.9m) | ($20.8m) | ($19.7m) | ($22.0m) | |
| Accounts payable | $23.9m | ($21.1m) | $4.5m | $113k | $12.0m | $15.2m | |
| Accrued expenses | $13.0m | $15.4m | $26.7m | $36.2m | $17.5m | $38.1m | |
| Deferred revenue | $6.4m | $10.0m | $15.0m | $24.4m | $38.7m | — | |
| Other | $42k | $75k | $118k | $10k | $0 | — | |
| Prepaid expenses, prepaid taxes, and other assets | ($14.1m) | ($5.2m) | ($2.4m) | ($17.3m) | ($6.8m) | — | |
| Net cash provided by operating activities | ($22.7m) |
($23.6m)
-3.58%
|
$119.4m
+606.84%
|
$166.0m
+39.02%
|
$218.0m
+31.37%
|
$276.1m
+26.64%
|
|
| Loss on disposal of property and equipment | $5k | $0 | $6k | $235k | $776k | — | |
| Acquisition of property and equipment | ($13.0m) | ($15.8m) | ($3.7m) | ($5.9m) | ($9.5m) | — | |
| Unpaid purchases of property and equipment | $2.0m | $44k | $472k | $2.2m | $11.9m | — | |
| Non-cash acquisition of property and equipment through tenant incentives | $13.0m | $15.8m | $0 | $0 | $8.2m | — | |
| Net cash used in investing activities | ($14.2m) | ($18.7m) | ($9.4m) | ($17.2m) | ($30.5m) | ($42.2m) | |
| Bad debt expense | $1.8m | $734k | $524k | $741k | $2.0m | — | |
| Proceeds from exercise of common stock options | $6.0m | $1.7m | $4.2m | $9.7m | $2.2m | — | |
| Proceeds from issuance of common stock, net of issuance costs | $345.7m | $99.6m | $0 | $0 | $0 | $0 | |
| Proceeds from issuance of common stock in initial public offering, net of issuance costs | $0 | $0 | $320.1m | $0 | $0 | $0 | |
| Vesting of restricted common stock | $100k | $101k | $75k | $0 | $0 | — | |
| Accretion of common stock subject to redemption | ($1.5b) | $1.0b | ($399.7m) | $0 | $0 | — | |
| Reclassification of redeemable common stock to Series B common stock | $0 | $0 | $1.9b | $0 | $0 | — | |
| Net cash (used in) provided by financing activities | $211.3m |
$101.3m
-52.05%
|
$242.7m
+139.61%
|
($5.8m)
-102.39%
|
($4.5m)
+22.66%
|
— | |
| Cash, cash equivalents, and restricted cash, beginning of period | $327.9m | $386.9m | $739.7m | $882.6m | $1.1b | — | |
| Net increase in cash, cash equivalents, and restricted cash | $174.3m | $59.0m | $352.7m | $142.9m | $183.0m | — | |
| Additional Supplementary Disclosures | |||||||
| Additional Supplementary Disclosures | |||||||
| Non-cash operating lease costs | $9.1m | $11.8m | $13.0m | $12.7m | $24.8m | $276.1m | |
| Gain on derecognition of asset retirement obligation | — | — | $0 | $0 | ($588k) | — | |
| Deferred contract acquisition costs | ($11.3m) | ($20.2m) | ($26.9m) | ($34.4m) | ($54.3m) | — | |
| Operating lease liabilities | ($10.1m) | ($9.3m) | ($15.2m) | ($16.7m) | ($23.8m) | — | |
| Other non-current liabilities | ($954k) | $38k | $5.3m | $840k | ($1.3m) | — | |
| Capitalization of software development costs | ($987k) | ($2.4m) | ($5.7m) | ($11.3m) | ($19.0m) | — | |
| Acquisition of business | $0 | ($500k) | $0 | $0 | ($2.0m) | — | |
| Cash paid for finance leases | ($16k) | ($21k) | ($21k) | ($19k) | $0 | — | |
| Proceeds from exercise of warrants | $0 | $45k | $62k | $14k | $15k | — | |
| Proceeds from employee stock purchase plan | — | $0 | $0 | $8.1m | $11.3m | — | |
| Cash paid for income taxes, net of refunds | $70k | $204k | $283k | $4.7m | $6.5m | — | |
| Recognition of prepaid marketing asset | $0 | $106.5m | $142.3m | $32.4m | $32.4m | — |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.