# Klaviyo, Inc. (KVYO) — Stock CV

Klaviyo, Inc. is a $4.97B technology company. Revenue grew 28.9% over the last year, and it keeps 0¢ of every dollar of sales as profit. It trades at 726.2× earnings — around the middle of its own history.

> Klaviyo Inc is a technology company that provides a software-as-a-service (SaaS) platform to enable its customers to send the right messages at the right time across email, short message service, and push notifications, more accurately measure and predict performance, and deploy specific actions and campaigns.

## Identity

- **Ticker**: KVYO
- **Sector**: Technology
- **Industry**: Services-Prepackaged Software
- **Headquarters**: BOSTON, MA
- **Employees**: 2 368
- **Website**: https://www.klaviyo.com
- **Market cap**: $4.97B
- **Last price**: $17.44
- **Financial profile**: Strong

## Vitals (TTM)

- **Revenue**: $1.39B
- **Net income**: $6.79M
- **Free cash flow**: $253M
- **P/E**: 726.2
- **Revenue growth (YoY)**: 28.9%

## Skills (profile scores, 0–100)

| Pillar | Score |
|---|---|
| Valuation | 62 |
| Growth | 50 |
| Profitability | 11 |
| Health | 75 |
| Quality | 66 |
| Moat | 35 |

## Qualifications (beginner checklist) — 7 of 10 passed

- [x] Revenue growing — +28.9% YoY
- [x] Profitable — $6.79M TTM
- [x] Profit growing — +31.2% YoY
- [x] Generates cash — $253M TTM
- [x] Debt under control — current ratio 3.13
- [x] Established company — $4.97B market cap
- [ ] Not printing shares — +31.7% shares over ~5y
- [ ] Proven track record — 0/5 profitable years
- [x] Financially stable — Altman Z 7.8 — safe
- [ ] Valuation not extreme — P/E 726.2

## Experience (career milestones)

- **FY2025** — Revenue crossed $1B: $1.23B for the year
- **2025** — Klaviyo announced it had acquired Gatsby, a customer engagement platform
- **2023** — Klaviyo filed for an initial public offering (IPO) for a listing at the New York Stock Exchange
- **2022** — Klaviyo announced its first acquisition, code development firm Napkin.io
- **2013** — The company was founded in 2013 by Andrew Bialecki and Ed Hallen

## Strengths

- High gross margin (73.8%)
- Revenue growing 28.9% year over year
- Strong cash conversion — FCF is 18.2% of revenue
- Altman Z-Score 7.78 — low bankruptcy-risk zone

## Watch-outs

- Loss-making in 5 of the recent years

## Track record

| Year | Revenue | Net income | Free cash flow |
|---|---|---|---|
| FY2021 | $291M | -$79.4M | -$35.8M |
| FY2022 | $473M | -$49.2M | -$39.4M |
| FY2023 | $698M | -$308M | $116M |
| FY2024 | $937M | -$46.1M | $160M |
| FY2025 | $1.23B | -$31.8M | $209M |

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Source: https://stockcv.com/KVYO — derived from company filings; may be delayed or incomplete. Information, not investment advice.