What is Klaviyo's net margin?

Klaviyo (KVYO) reported net margin of -5.7% in Q3 2025.

How has Klaviyo's net margin changed year-over-year?

Klaviyo's net margin decreased by 8.9% year-over-year, from -5.2% to -5.7%.

What is the long-term trend for Klaviyo's net margin?

Over 2 years (2021 to 2024), Klaviyo's net margin has grown at a -57.6% compound annual growth rate (CAGR), from -27.3% to -4.9%.

What does net margin mean?

Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.

Klaviyo KVYO Net margin

Net margin at other companies

AdobeADBE

28.7%-1.7pp

SalesforceCRM

18.7%+2.7pp

HubSpotHUBS

3%+2.5pp

ServiceTitan, Inc.TTAN

-13.4%-4.6pp

TwilioTWLO

1.4%+0.7pp

DoorDashDASH

6.3%+3.3pp

Other financials

Income statement

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Revenue$358.0M+27.9%

Gross profit$268.9M+26.8%

Operating income$1.7M+107%

Net income$9.0M+164%

EPS (diluted)$0.03+160%

Balance sheet

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Cash & equivalents$985.3M+10.8%

Total debt$117.2M+14.1%

Total equity$1.2B+8.4%

Total assets$1.5B+13.1%

Cash flow

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Operating cash flow$34.3M+139%

CapEx$11.7M+334%

Free cash flow$22.6M+93.7%

Valuation

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Market cap$3.97B-28.2%

Enterprise value$3.1B-32.3%

P/S3×-2.5×

Profitability

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Gross margin74.6%-1.2pp

Operating margin-3.2%-1.2pp

FCF margin16.7%+2.2pp

Returns & leverage

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Return on equity-6.1%+2.5pp

Debt / equity0.1×0.0×

Current ratio4.2×-1.0×

Where this comes from

Calculated from Klaviyo’s reported figures.

net income/total revenue=-5.7%

Based on trailing twelve months.

The official record: Klaviyo’s 10-Q, filed November 5, 2025, on SEC EDGAR. View the filing →

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Questions, answered.

What is Klaviyo's net margin?: Klaviyo (KVYO) reported net margin of -5.7% in Q3 2025.
How has Klaviyo's net margin changed year-over-year?: Klaviyo's net margin decreased by 8.9% year-over-year, from -5.2% to -5.7%.
What is the long-term trend for Klaviyo's net margin?: Over 2 years (2021 to 2024), Klaviyo's net margin has grown at a -57.6% compound annual growth rate (CAGR), from -27.3% to -4.9%.
What does net margin mean?: Net income as a percentage of revenue (trailing twelve months). The bottom-line profitability measure after all costs, interest, and taxes.