Reading the tape
NYSE: KVYO
Klaviyo, Inc.
Technology · Software - Infrastructure
Market Cap
$6.99B
52w High
$37.79
52w Low
$15.53
P/E
-218.72
Volume
3.03M
Outstanding Shares
304.77M
Price vs Fundamentals
Why The Stock Is Moving
Likely multiple compressionModerate confidence
Note: The most recent financial data is over 3 months old. Metrics shown may not reflect the latest reporting period.
1Y Price: -28.35%Revenue (TTM): 31.63%FCF (TTM): 27.44%P/FCF: 0th pct
What changed
The stock fell 28.35% over the last year. Revenue grew 31.63% over the trailing twelve months. Operating margin moved from -8.97% to -5.49%. Free cash flow grew 27.44% over the trailing twelve months.
What the market seems to be pricing
Visible fundamentals weakened far less than the stock price, and the shares now sit around the 0th percentile of their historical P/FCF range. That looks more like a rerating of the multiple than a collapse in the business.
What would invalidate this read
This read changes if operating margin (currently -5.49%) continues to decline, or if revenue growth turns negative. The bull case requires the business to hold its current trajectory.
Company profile
Klaviyo, Inc., a technology company that provides a software-as-a-service platform to enable its customers to send the right messages at the right time across email, short message service (SMS), and push notifications.
CEOAndrew Bialecki
SectorTechnology
IndustrySoftware - Infrastructure
Employees2,316
IPO dateSep 20, 2023
Valuation
Forward P/E—
EV/EBITDA-172.93
Enterprise value$8.5B
Stock splits
No stock splits recorded for this ticker.
Profitability & growth
Revenue growth29.62%
Gross margin74.67%▼2.25%vs FY2024
Operating margin-5.49%▲38.78%vs FY2024
ROE-2.65%▲40.51%vs FY2024
Analyst consensus
RatingBuy
Target price$33.13▲44.48%
20
Buy
2
Hold
0
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
May 5, 2026
Q2 FY26 · EPS est $0.19 · Revenue est $348.57M
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