Klaviyo Inc
For the period ended Jun 30, 2024. Filed Aug 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 7, 2024
KVYO$20.43-1.9%Stored close · as of Nov 10, 2026
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Condensed Consolidated Statements of Cash Flow
Condensed Consolidated Statements of Cash Flow (Unaudited)
(In Thousands)
| Six Months Ended June 30, | ||
|---|---|---|
| 2024 | 2023 | |
| Operating activities | ||
| Net (loss) income | $(17,824) | $15,165 |
| Adjustments to reconcile net (loss) income to net cash provided by operating activities: | ||
| Depreciation and amortization expense | 8,209 | 6,467 |
| Non-cash operating lease costs | 6,288 | 6,561 |
| Amortization of deferred contract acquisition costs | 8,396 | 7,263 |
| Amortization of prepaid marketing expense | 26,449 | 26,448 |
| Loss on disposal of property and equipment | 32 | — |
| Bad debt expense | 289 | (47) |
| Stock-based compensation expense | 69,133 | 2,342 |
| Other | (11) | 19 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (6,439) | (2,396) |
| Deferred contract acquisition costs | (14,748) | (12,038) |
| Prepaid expenses, prepaid taxes, and other assets | (7,332) | (3,922) |
| Accounts payable | (4,250) | (908) |
| Accrued expenses | (455) | 15,588 |
| Deferred revenue | 6,682 | 4,051 |
| Operating lease liabilities | (7,845) | (7,636) |
| Other non-current liabilities | 508 | 69 |
| Net cash provided by operating activities | 67,082 | 57,026 |
| Investing activities | ||
| Acquisition of property and equipment | (2,028) | (769) |
| Capitalization of software development costs | (5,032) | (2,836) |
| Net cash used in investing activities | (7,060) | (3,605) |
| Financing activities | ||
| Proceeds from exercise of common stock options | 4,310 | 2,419 |
| Cash paid for finance leases | (11) | (11) |
| Proceeds from exercise of warrants | 7 | 12 |
| Payment of deferred offering costs | — | (2,954) |
| Payment of employee tax withholding related to stock-based awards | (13,769) | — |
| Proceeds from employee stock purchase plan | 4,413 | — |
| Net cash used in financing activities | (5,050) | (534) |
| Net increase in cash, cash equivalents, and restricted cash | 54,972 | 52,887 |
| Cash, cash equivalents, and restricted cash, beginning of period | 739,657 | 386,916 |
| Cash, cash equivalents, and restricted cash, end of period | $794,629 | $439,803 |
Condensed Consolidated Statements of Cash Flow (Unaudited)
(In Thousands)
| Supplemental disclosures of cash flow information: | ||
|---|---|---|
| Cash paid for income taxes | $681 | $87 |
| Cash paid for operating lease liabilities, net of tenant incentives received | $7,845 | $7,636 |
| Non-cash investing and financing activities | ||
| Recognition of prepaid marketing asset | $16,200 | $27,770 |
| Vesting of restricted common stock | $— | $50 |
| Accretion of common stock subject to redemption | $— | $(93,972) |
| Capitalization of stock-based compensation expense related to internal-use software | $1,937 | $— |
| Unpaid purchases of property and equipment | $514 | $— |
| Unpaid deferred offering costs | $— | $1,157 |
The accompanying notes are an integral part of these condensed consolidated financial statements.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.