NYSE$KVYO

Klaviyo Inc · Q2 2024 earnings

Q2 2024 earnings · · Investor relations

Briefing

Delivered strong results with revenue growth and platform adoption.

Klaviyo reported a strong second quarter with revenue of $222.2 million, representing 35% year-over-year growth. The company continues to expand its customer base and invest in strategic initiatives.

  • Expanded Klaviyo AI suite with new features.
  • Expanded SMS offering to 12 countries.
  • Announced new integrations with Toast, BazaarVoice, TikTok, and Pinterest.
  • Over 151,000 customers were using Klaviyo.

Headline financials

Total Revenue

$222M

Previous: $165M+35.0%
EPS

-$0.02

Previous: $0.04-150.0%
Total Customers

151.0K

No prior period
Customers > $50K ARR

2.4K

No prior period
Capital Expenditures

-$2.03M

Previous: $444K-556.8%
Free Cash Flow

-$6.97M

No prior period
Net Income

-$4.94M

Previous: $10.9M-145.4%
Operating Income

-$14.1M

Previous: $7.03M-299.8%
Gross Profit

$172M

Previous: $127M+35.3%
Cash & Equivalents

$794M

No prior period
Total Assets

$1.15B

No prior period
R&D Expense

$55.7M

No prior period
Stock-Based Comp

$33.5M

Previous: $519K+6355.9%

Revenue & EPS history

Klaviyo · Revenue · Quarterly

$222M

Q2 2024+35%vs Q2 2023
Beat estimate in 10 of 10 quarters(100%)
ActualEstimate

Forward guidance

Klaviyo raised full year 2024 revenue guidance.

Tailwinds

  • Revenue between $225.0 million and $227.0 million.
  • Year-over-year Growth Rate between 28% and 29%.
  • Non-GAAP Operating Income between $21.5 million and $24.5 million.
  • Non-GAAP Operating Margin between 10% and 11%.
  • Revenue between $910.0 million and $918.0 million for full year 2024.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 14 quarterly earnings reports · overlaid with Q2 2024

Historical avgQ2 2024

+1.3%

Avg return

Earnings day

-0.5%

Avg return

5 days after

-2.2%

Avg return

30 days after

43%

6 / 14 earnings

Positive

+38.8%

Q2 2023

Best reaction

-29.2%

Q1 2026

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-29.2%-33.5%-33.2%
Q4 2025-3.7%-11.9%-9.5%
Q3 2025+6.8%+9.7%+9.7%
Q1 2025+6.6%+13.5%+7.8%
Q4 2024-5.8%-13.8%-29.8%
Q3 2024-13.4%-10.5%+1.4%
Q2 2024+38.8%+42.8%+33.6%
Q2 2023+38.8%+42.8%+33.6%
Q1 2023+3.0%+2.7%-3.8%
Q1 2024+3.0%+2.7%-3.8%
Q4 2021-0.1%-10.2%-8.4%
Q4 2023-2.7%-2.8%-10.9%
Q3 2023-12.3%-19.4%-8.5%
Q3 2022-12.3%-19.4%-8.5%
Q4 2022
Q2 2022
Q1 2022

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