Filing Flows › Klaviyo (KVYO) › Q4 2025
Klaviyo (KVYO) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 10, 2026
Klaviyo (KVYO) reported revenue of $350M for the fourth quarter 2025 (Q4 2025), +30% from a year earlier and +13% from the quarter before. Operating margin was -0.5%, net earnings $7.0M (2.0% of revenue).
Klaviyo, Q4 2025: revenue $350M (+30% year over year), operating margin -0.5%, net earnings $7.0M, operating cash flow $93.2M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $350M | +13% | +30% |
| Operating profit | −$1.8M | — | — |
| Net earnings | $7.0M | — | — |
| Operating cash flow | $93.2M | +70% | +55% |
| Free cash flow | $87.4M | — | +61% |
What changed
Revenue was $350.2M in Q4 2025, up 30% year over year and up 13% from the previous quarter.
Gross margin was 72.2%, down 1.3 points from a year earlier. Operating costs exceeded revenue by $1.8M, an operating margin of -0.5%. Operating expenses grew 9% against revenue growth of 30%. The fastest-growing cost line was General & admin (+11%). Net earnings were $7.0M. The effective tax rate was 9.1%. Non-operating items added $9.6M, 124% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $93.2M (up 55% year over year), 1326% of net earnings. Non-cash charges added back $5.5M of depreciation and amortization and $37.9M of share-based compensation. Working capital and other items added $42.8M. After capitalization of software development costs ($3.2M) and acquisition of property and equipment ($2.5M), free cash flow as the company reports it was $87.4M.
Questions
What was Klaviyo's revenue in the fourth quarter 2025?
Klaviyo (KVYO) reported revenue of $350M for the fourth quarter 2025 (Q4 2025), +30% from a year earlier and +13% from the quarter before.
Was Klaviyo profitable in the fourth quarter 2025?
Operating loss was $1.8M (-0.5% of revenue) and net earnings $7.0M.
Source: Klaviyo 10-K on SEC EDGAR.