Filing Flows › Klaviyo (KVYO) › Q2 2025
Klaviyo (KVYO) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 5, 2025
Klaviyo (KVYO) reported revenue of $293M for the second quarter 2025 (Q2 2025), +32% from a year earlier and +5% from the quarter before. Operating margin was -10.7%, net loss $24.3M (8.3% of revenue).
Klaviyo, Q2 2025: revenue $293M (+32% year over year), operating margin -10.7%, net loss $24.3M, operating cash flow $55.7M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $293M | +5% | +32% |
| Operating profit | −$31.3M | — | — |
| Net earnings | −$24.3M | — | — |
| Operating cash flow | $55.7M | +288% | +36% |
| Free cash flow | $53.7M | +360% | +34% |
What changed
Revenue was $293.1M in Q2 2025, up 32% year over year and up 5% from the previous quarter.
Gross margin was 75.7%, down 1.7 points from a year earlier. Operating costs exceeded revenue by $31.3M, an operating margin of -10.7%. Operating expenses grew 36% against revenue growth of 32%. The fastest-growing cost line was General & admin (+51%). The quarter ended with a net loss of $24.3M, wider than the previous quarter's $14.1M loss. Non-operating items added $8.8M, -39% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $55.7M (up 36% year over year). Non-cash charges added back $3.9M of depreciation and amortization and $45.4M of share-based compensation. Working capital and other items added $30.7M. Capital expenditures of $2.1M left free cash flow of $53.7M.
Questions
What was Klaviyo's revenue in the second quarter 2025?
Klaviyo (KVYO) reported revenue of $293M for the second quarter 2025 (Q2 2025), +32% from a year earlier and +5% from the quarter before.
Was Klaviyo profitable in the second quarter 2025?
Operating loss was $31.3M (-10.7% of revenue) and net loss $24.3M.
Source: Klaviyo 10-Q on SEC EDGAR.