Filing Flows › Klaviyo (KVYO) › Q3 2025
Klaviyo (KVYO) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 5, 2025
Klaviyo (KVYO) reported revenue of $311M for the third quarter 2025 (Q3 2025), +32% from a year earlier and +6% from the quarter before. Operating margin was -3.5%, net loss $426K (0.1% of revenue).
Klaviyo, Q3 2025: revenue $311M (+32% year over year), operating margin -3.5%, net loss $426K, operating cash flow $54.8M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $311M | +6% | +32% |
| Operating profit | −$10.8M | — | — |
| Net earnings | −$426K | — | — |
| Operating cash flow | $54.8M | -2% | +41% |
| Free cash flow | $47.1M | — | +37% |
What changed
Revenue was $310.9M in Q3 2025, up 32% year over year and up 6% from the previous quarter.
Gross margin was 75.5%, down 1.4 points from a year earlier. Operating costs exceeded revenue by $10.8M, an operating margin of -3.5%. Operating expenses grew 27% against revenue growth of 32%. The fastest-growing cost line was Research & development (+30%). The quarter ended with a net loss of $426K, narrower than the previous quarter's $24.3M loss. Non-operating items added $10.2M, -1665% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $54.8M (up 41% year over year). Non-cash charges added back $4.4M of depreciation and amortization and $40.4M of share-based compensation. Working capital and other items added $10.4M. After capitalization of software development costs ($5.4M) and acquisition of property and equipment ($2.3M), free cash flow as the company reports it was $47.1M.
Questions
What was Klaviyo's revenue in the third quarter 2025?
Klaviyo (KVYO) reported revenue of $311M for the third quarter 2025 (Q3 2025), +32% from a year earlier and +6% from the quarter before.
Was Klaviyo profitable in the third quarter 2025?
Operating loss was $10.8M (-3.5% of revenue) and net loss $426K.
Source: Klaviyo 10-Q on SEC EDGAR.