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.

Klaviyo KVYO Ratios & Valuation

Income Statement Balance Sheet Cash Flow Ratios Segments

Quarterly Annual TTM

YoY QoQ

Simplified Detailed

	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
EBITDA margin	-1.7%+5.0pp	-4%+3.1pp	-7.2%+0.8pp	-7.9%+36.5pp	-6.7%+38.4pp
Free cash flow margin	16.7%+2.2pp	16.9%-0.2pp	15.2%-0.7pp	14.9%-0.5pp	14.6%-2.1pp
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×
Quick ratio	4.2×-1.0×	4.3×-0.6×	4.9×-1.6×	5×-1.7×	5.2×-1.1×
Cash ratio	3.6×-1.0×	3.8×-0.6×	4.3×-1.5×	4.4×-1.7×	4.6×-1.2×
Leverage
Debt-to-equity	0.1×0.0×	0.1×0.0×	0.1×+0.1×	0.1×0.0×	0.1×0.0×
Debt-to-assets	0.1×0.0×	0.1×0.0×	0.1×0.0×	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%
Enterprise value	$5.06B-32.3%	$8.86B-13.9%	$7.44B-13.5%	$8.97B+55.8%	$7.48B+27.0%
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×
EV / sales	3.9×-3.6×	7.2×-3.8×	6.4×-3.5×	8.3×+1.2×	7.4×-0.4×
Free cash flow yield	3.7%+1.9pp	2.1%+0.7pp	2.1%+0.6pp	1.6%-0.3pp	1.8%-0.1pp

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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.