Filing Flows › Klaviyo (KVYO) › Q2 2026
Klaviyo (KVYO) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 5, 2026
Klaviyo (KVYO) reported revenue of $371M for the second quarter 2026 (Q2 2026), +26% from a year earlier and +4% from the quarter before. Operating margin was -4.0%, net loss $8.8M (2.4% of revenue).
Klaviyo, Q2 2026: revenue $371M (+26% year over year), operating margin -4.0%, net loss $8.8M, operating cash flow $93.9M. The chart follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $371M | +4% | +26% |
| Operating profit | −$15.0M | -957% | — |
| Net earnings | −$8.8M | -198% | — |
| Operating cash flow | $93.9M | +174% | +68% |
| Free cash flow | $82.9M | — | — |
What changed
Revenue was $370.6M in Q2 2026, up 26% year over year and up 4% from the previous quarter.
Gross margin was 72.6%, down 3.1 points from Q2 2025. Operating costs exceeded revenue by $15.0M, an operating margin of -4.0%. Operating expenses grew 12% against revenue growth of 26%. The fastest-growing cost line was Research & development (+27%). The quarter ended with a net loss of $8.8M, after a profit of $9.0M the previous quarter. Non-operating items added $7.9M, -111% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $93.9M (up 68% year over year). Non-cash charges added back $7.3M of depreciation and amortization and $51.3M of share-based compensation. Working capital and other items added $44.1M. After acquisition of property and equipment ($6.6M) and capitalization of software development costs ($4.4M) and purchase of other non-current assets ($20K), free cash flow as the company reports it was $82.9M.
Questions
What was Klaviyo's revenue in the second quarter 2026?
Klaviyo (KVYO) reported revenue of $371M for the second quarter 2026 (Q2 2026), +26% from a year earlier and +4% from the quarter before.
Was Klaviyo profitable in the second quarter 2026?
Operating loss was $15.0M (-4.0% of revenue) and net loss $8.8M.
Source: Klaviyo 10-Q on SEC EDGAR.