Klaviyo, Inc.
For the period ended Sep 30, 2026. Filed Nov 4, 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.
Sep 30, 2026 · Filed Nov 4, 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)
| Nine Months Ended September 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Operating activities | ||
| Net income (loss) | $893 | $(38,796) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | ||
| Depreciation and amortization expense | 26,278 | 13,092 |
| Non-cash operating lease costs | 21,607 | 18,245 |
| Amortization of deferred contract acquisition costs | 32,020 | 21,526 |
| Amortization of prepaid marketing expense | 39,673 | 39,673 |
| Gain on derecognition of asset retirement obligation | — | (588) |
| Loss on disposal of property and equipment | (24) | 629 |
| Bad debt expense | 1,916 | 1,884 |
| Stock-based compensation expense | 135,290 | 124,168 |
| Deferred income tax | — | (1,501) |
| Changes in operating assets and liabilities: | ||
| Accounts receivable | (22,773) | (20,032) |
| Deferred contract acquisition costs | (61,345) | (35,165) |
| Prepaid expenses, prepaid taxes, and other assets | 1,983 | (1,739) |
| Accounts payable | (5,716) | 6,751 |
| Accrued expenses | 11,095 | (8,673) |
| Deferred revenue | 22,581 | 23,422 |
| Operating lease liabilities | (20,865) | (17,476) |
| Other non-current liabilities | (1,806) | (573) |
| Net cash provided by operating activities | 180,807 | 124,847 |
| Investing activities | ||
| Acquisition of property and equipment | (26,198) | (7,019) |
| Capitalization of software development costs | (12,582) | (15,734) |
| Purchase of other non-current assets | (505) | — |
| Acquisition of business, net of cash acquired | — | (2,031) |
| Acquisition of intangible assets | (15,299) | — |
| Net cash used in investing activities | (54,584) | (24,784) |
| Financing activities | ||
| Proceeds from exercise of common stock options | 877 | 1,732 |
| Proceeds from exercise of warrants | 10 | 10 |
| Employee taxes paid related to net share settlement of stock-based awards | (6,940) | (13,055) |
| Payments for share repurchases | (484,433) | — |
| Proceeds from employee stock purchase plan | 4,827 | 9,668 |
| Net cash used in financing activities | (485,659) | (1,645) |
| Net (decrease) increase in cash, cash equivalents, and restricted cash | (359,436) | 98,418 |
| Cash, cash equivalents, and restricted cash, beginning of period | 1,065,613 | 882,587 |
| Cash, cash equivalents, and restricted cash, end of period | $706,177 | $981,005 |
| Supplemental disclosures of cash flow information: | ||
| Cash paid for income taxes | $4,291 | $4,778 |
| Non-cash investing and financing activities | ||
| Recognition of prepaid marketing asset | $24,300 | $24,300 |
| Capitalization of stock-based compensation expense related to internal use software | $3,052 | $3,635 |
Condensed Consolidated Statements of Cash Flows (Unaudited)
(In Thousands)
| Non-cash acquisition of property and equipment through tenant incentives | $— | $7,205 |
|---|---|---|
| Accrued excise tax on share repurchases | $4,853 | $— |
| Accrued shares repurchased | $2,974 | $— |
| Unpaid purchases of property and equipment | $6,035 | $673 |
| Acquisition holdback | $— | $500 |
| Deferred consideration for acquisition of intangible assets | $2,000 | $— |
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.