Filing Flows › Klaviyo (KVYO) › Q3 2026
Klaviyo (KVYO) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 4, 2026
Klaviyo (KVYO) reported revenue of $387M for the third quarter 2026 (Q3 2026), +25% from a year earlier and +4% from the quarter before. Operating margin was -1.2%, net earnings $704K (0.2% of revenue).
Klaviyo, Q3 2026: revenue $387M (+25% year over year), operating margin -1.2%, net earnings $704K, operating cash flow $52.6M. The chart follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $387M | +4% | +25% |
| Operating profit | −$4.5M | — | — |
| Net earnings | $704K | — | — |
| Operating cash flow | $52.6M | -44% | -4% |
| Free cash flow | $24.8M | — | — |
What changed
Revenue was $387.2M in Q3 2026, up 25% year over year and up 4% from the previous quarter.
Gross margin was 74.2%, down 1.3 points from Q3 2025. Operating costs exceeded revenue by $4.5M, an operating margin of -1.2%. Operating expenses grew 19% against revenue growth of 25%. The fastest-growing cost line was Research & development (+34%). Net earnings were $704K. The effective tax rate was 65.9%. Non-operating items added $6.6M, 317% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $52.6M (down 4% year over year), 7479% of net earnings. Non-cash charges added back $12.7M of depreciation and amortization and $42.1M of share-based compensation. Working capital and other items used $2.9M. After acquisition of intangible assets ($15.3M) and acquisition of property and equipment ($8.0M) and capitalization of software development costs ($4.6M), free cash flow as the company reports it was $24.8M.
Questions
What was Klaviyo's revenue in the third quarter 2026?
Klaviyo (KVYO) reported revenue of $387M for the third quarter 2026 (Q3 2026), +25% from a year earlier and +4% from the quarter before.
Was Klaviyo profitable in the third quarter 2026?
Operating loss was $4.5M (-1.2% of revenue) and net earnings $704K.
Source: Klaviyo 10-Q on SEC EDGAR.