KVYOMEDIUM SIGNALFINANCIAL10-K

KVYO shows strong operational momentum with 31.6% revenue growth and improved profitability, but total liabilities surged 60.5% which requires monitoring.

The company is executing well on growth with revenue exceeding $1.2B and operating cash flow increasing 31.4%, while simultaneously reducing net losses by 31.2%. However, the 60.5% increase in total liabilities alongside growing accounts receivable suggests potential working capital management challenges or new debt obligations that warrant investor attention.

Comparing 2026-02-10 vs 2025-02-19View on EDGAR →
FINANCIAL ANALYSIS

KVYO delivered robust top-line growth with revenue increasing 31.6% to $1.2B, supported by strong operating cash flow growth of 31.4% to $218M and meaningful improvement in net losses from -$46.1M to -$31.8M. However, the balance sheet shows concerning trends with total liabilities jumping 60.5% to $384M and accounts receivable growing 40.9%, outpacing revenue growth and suggesting potential collection issues or aggressive revenue recognition. Overall, the company shows strong operational performance but emerging balance sheet pressures that require close monitoring.

FINANCIAL STATEMENT CHANGES
Total Liabilities
Balance Sheet
+60.5%
$239.3M$384.0M

Liabilities grew 60.5% — significant increase in debt or obligations, assess impact on financial flexibility.

Capital Expenditure
Cash Flow
+60.2%
$5.9M$9.5M

Capital expenditure jumped 60.2% — major investment cycle underway; assess returns on deployment.

Current Liabilities
Balance Sheet
+41.2%
$199.9M$282.2M

Current liabilities surged 41.2% — significant near-term obligations; verify ability to meet short-term debt.

Accounts Receivable
Balance Sheet
+40.9%
$43.1M$60.7M

Receivables surged 40.9% — revenue recognized but not yet collected; watch for collection issues or channel stuffing.

Revenue
P&L
+31.6%
$937.5M$1.2B

Strong top-line growth of 31.6% — accelerating demand or successful expansion into new markets.

Operating Cash Flow
Cash Flow
+31.4%
$166.0M$218.0M

Operating cash flow surged 31.4% — exceptional cash generation, highest quality earnings signal.

Net Income
P&L
+31.2%
-$46.1M-$31.8M

Net income grew 31.2% — bottom-line growth signals improving overall business health.

Gross Profit
P&L
+28.7%
$716.2M$921.5M

Gross profit expanding — improving pricing power or product mix shift toward higher-margin offerings.

Total Assets
Balance Sheet
+24.1%
$1.3B$1.6B

Asset base grew 24.1% — expansion through organic growth, acquisitions, or capital deployment.

Current Assets
Balance Sheet
+23.1%
$979.7M$1.2B

Current assets grew 23.1% — improving short-term liquidity or inventory/receivables build.

LANGUAGE CHANGES
NEW — 2026-02-10
PRIOR — 2025-02-19
ADDED
As of February 2, 2026, there were 145,497,436 shares of the registrant s Series A common stock and 159,276,688 shares of the registrant s Series B common stock, each with a par value of $0.001 per share, outstanding.
Changes in and Disagreements With Accountants on Accounting and Financial Disclosure 125 Item 9A.
and foreign laws and regulations, and the impact on our customer spending and consumer spending generally; and the impact of public health crises and financial, economic, and political events on our industry, business, and results of operations.
Business Overview Klaviyo is a B2C CRM that helps consumer companies create smarter, stronger, and more valuable customer experiences.
We unify the data, intelligence, and actions that define a consumer relationship into an infrastructure built for autonomy and scale.
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REMOVED
As of February 14, 2025, there were 90,501,471 shares of the registrant s Series A common stock and 182,613,605 shares of the registrant s Series B common stock, each with a par value of $0.001 per share, outstanding.
Changes in and Disagreements With Accountants on Accounting and Financial Disclosures 119 Item 9A.
Business Overview We founded Klaviyo in 2012 to provide businesses of all sizes with powerful technology that captures, stores, analyzes, and predictively uses their own data to drive measurable, high-value outcomes.
Klaviyo enables businesses to drive revenue growth by making it easy to bring their first-party data together and use it to create and deliver highly personalized consumer experiences across digital channels.
Our modern and intuitive SaaS platform combines our proprietary data and application layers into one vertically-integrated solution with advanced machine learning and artificial intelligence capabilities.
+7 more — sign up free →
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