NYSE$KVYO

Klaviyo Inc · Q4 2024 earnings

Q4 2024 earnings · · After market close · Investor relations

Briefing

Klaviyo reported strong revenue growth in Q4 2024, achieving 34% year-over-year growth and reaching a $1 billion revenue run rate.

Klaviyo delivered another quarter of strong financial performance, reporting Q4 revenue of $270.2 million, up 34% year-over-year. The company continued expanding its customer base, with over 167,000 customers by the end of the fiscal year. Non-GAAP operating income reached $15.1 million, and non-GAAP net income per diluted share was $0.07. Klaviyo also generated $60.1 million in cash from operating activities and $54.5 million in free cash flow.

  • Q4 revenue increased 34% year-over-year to $270.2 million.
  • Non-GAAP net income per diluted share was $0.07.
  • Generated $60.1 million in cash from operating activities.
  • Expanded enterprise customer base, with 2,850 customers generating over $50K ARR.

Headline financials

Total Revenue

$270M

Previous: $202M+34.0%
EPS (adj)

$0.07

Previous: $0.09-22.2%
Total Customers

167.0K

No prior period
Customers > $50K ARR

2.9K

No prior period
Net Revenue Retention Rate

108.0%

No prior period
SMB+ customers using text messaging and WhatsApp

26.1%

No prior period
Capital Expenditures

-$5.63M

Previous: -$3.92M-43.5%
Net Income

-$27M

Previous: -$26.3M-2.6%
Operating Income

-$34.7M

Previous: -$36.3M+4.6%
Gross Profit

$198M

Previous: $157M+26.7%
R&D Expense

$70.9M

Previous: $52.6M+34.6%

Revenue & EPS history

Klaviyo · Revenue · Quarterly

$270M

Q4 2024+34%vs Q4 2023
Beat estimate in 10 of 10 quarters(100%)
ActualEstimate

Forward guidance

Klaviyo expects continued revenue growth in FY25, forecasting Q1 revenue between $265M and $269M, representing a 26-28% year-over-year increase. The company aims to maintain profitability with a non-GAAP operating margin of 10-11%.

Tailwinds

  • Projected Q1 FY25 revenue growth of 26-28%.
  • FY25 revenue guidance between $1.156B and $1.164B.
  • Non-GAAP operating margin expected to reach 10-11%.
  • Continued expansion into international markets, with strong EMEA and APAC growth.
  • Ongoing investments in AI-driven marketing and analytics solutions.

Headwinds

  • Operating losses continue to impact profitability.
  • Market conditions may pose challenges to growth rates.
  • Stock-based compensation expenses remain significant.
  • Increased competition in the digital marketing space.
  • Potential macroeconomic headwinds affecting customer budgets.

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 Q4 2024

Historical avgQ4 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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