Klaviyo KVYO Ratios & Valuation
| Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | ||
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 74.6%-1.2pp | 74.7%-1.7pp | 75.1%-2.5pp | 75.4%0.0pp | 75.8%+0.5pp | |
| Operating margin | -3.2%+5.3pp | -5.5%+3.5pp | -8.7%+1.2pp | -9.6%+36.7pp | -8.5%+38.5pp | |
| Returns | ||||||
| Return on invested capital | -15%+18.8pp | -29.7%+9.3pp | -39.9%-3.0pp | -42.1%— | -33.9%— | |
| Efficiency | ||||||
| Asset turnover | 0.9×+0.1× | 0.9×+0.1× | 0.9×+0.1× | 0.8×— | 0.8×— | |
| Liquidity | ||||||
| Current ratio | 4.2×-1.0× | 4.3×-0.6× | 4.9×-1.6× | 5×-1.7× | 5.2×-1.1× | |
| Leverage | ||||||
| Debt-to-equity | 0.1×0.0× | 0.1×0.0× | 0.1×+0.1× | 0.1×0.0× | 0.1×0.0× | |
| Per Share | ||||||
| Book value per share | $3.77-2.8% | $4.11+6.0% | $3.80+0.2% | $3.85+4.3% | $3.88+8.2% | |
| Valuation | ||||||
| Market capitalization | $5.93B-28.2% | $9.8B-11.8% | $8.31B-11.5% | $9.8B+50.7% | $8.26B+25.3% | |
| Price / sales | 4.5×-3.7× | 7.9×-3.9× | 7.2×-3.6× | 9.1×+1.1× | 8.2×-0.6× | |
| Price / book | 5.1×-2.6× | 8.2×-2.6× | 7.3×-2.0× | 8.9×+2.3× | 7.8×+0.7× |
Chart any of these lines over time, or line them up against competitors.
Compare these in charts →Questions, answered.
- What are Klaviyo's profit margins?
- Klaviyo (KVYO) runs a 74.6% gross margin and a -3.2% operating margin, with a -5.7% net margin.
- Where do Klaviyo's ratios come from?
- Every ratio is computed from Klaviyo's SEC filings — trailing-twelve-month flows over period-end balances. Valuation multiples combine those fundamentals with market data, recomputed each period. Switch between quarterly, annual, and TTM, or open any ratio for its full history and peer comparisons.
