Klaviyo, Inc.
For the period ended Mar 31, 2026. Filed May 5, 2026.
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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.
Mar 31, 2026 · Filed May 5, 2026
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 Flows (Unaudited)
(In Thousands)
| Three Months Ended March 31, | ||
|---|---|---|
| 2026 | 2025 | |
| Operating activities | ||
| Net income (loss) | $9,038 | $(14,089) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Depreciation and amortization expense | 6,336 | 4,781 |
| Non-cash operating lease costs | 6,997 | 5,775 |
| Amortization of deferred contract acquisition costs | 9,631 | 6,608 |
| Amortization of prepaid marketing expense | 13,224 | 13,224 |
| Gain on derecognition of asset retirement obligation | — | (588) |
| Loss on disposal of property and equipment | 128 | 419 |
| Bad debt expense | 636 | 1,817 |
| Stock-based compensation expense | 41,803 | 38,327 |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (12,224) | (12,630) |
| Deferred contract acquisition costs | (21,045) | (11,001) |
| Prepaid expenses, prepaid taxes, and other assets | (5,829) | (5,907) |
| Accounts payable | (4,340) | 684 |
| Accrued expenses | (12,832) | (18,815) |
| Deferred revenue | 8,248 | 11,690 |
| Operating lease liabilities | (5,546) | (5,392) |
| Other non-current liabilities | 54 | (541) |
| Net cash provided by operating activities | 34,279 | 14,362 |
| Investing activities | ||
| Acquisition of property and equipment | (11,666) | (2,685) |
| Capitalization of software development costs | (3,565) | (5,056) |
| Purchase of other non-current assets | (485) | — |
| Net cash used in investing activities | (15,716) | (7,741) |
| Financing activities | ||
| Proceeds from exercise of common stock options | 715 | 877 |
| Proceeds from exercise of warrants | 3 | 3 |
| Employee taxes paid related to net share settlement of stock-based awards | (2,800) | (4,379) |
| Payments for accelerated share repurchase | (100,000) | — |
| Proceeds from employee stock purchase plan | 3,234 | 3,462 |
| Net cash used in financing activities | (98,848) | (37) |
| Net (decrease) increase in cash, cash equivalents, and restricted cash | (80,285) | 6,584 |
| Cash, cash equivalents, and restricted cash, beginning of period | 1,065,613 | 882,587 |
| Cash, cash equivalents, and restricted cash, end of period | $985,328 | $889,171 |
| Supplemental disclosures of cash flow information: | ||
| Cash paid for income taxes | $2,679 | $73 |
| Non-cash investing and financing activities | ||
| Recognition of prepaid marketing asset | $8,100 | $8,100 |
| Capitalization of stock-based compensation expense related to internal use software | $853 | $1,107 |
| Non-cash acquisition of property and equipment through tenant incentives | $— | $969 |
| Accrued excise tax on share repurchases | $813 | $— |
| Unpaid purchases of property and equipment | $6,387 | $484 |
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.