Klaviyo, Inc.

Annual Trend FY 2022 FY 2023 FY 2024 FY 2025
Cash and cash equivalents $385.8m $738.6m $881.5m $1.1b
Accounts receivable, net of allowance for doubtful accounts $10.7m $23.1m $43.1m $60.7m
Prepaid expenses and other current assets $19.3m $26.2m $34.3m $50.1m
Restricted cash, non-current $687k $686k $739k $0
Prepaid marketing expense $84.4m $173.8m $153.3m $132.8m
Total current assets $427.5m $803.5m $979.7m $1.2b
Property and equipment, net $45.8m $43.5m $48.2m $80.3m
Right-of-use assets, net $45.7m $37.0m $42.9m $101.1m
Restricted cash $409k $409k $375k $738k
Deferred contract acquisition costs, current $11.2m $15.2m $20.5m $29.6m
Deferred contract acquisition costs, non-current $16.0m $23.2m $32.5m $47.8m
Other non-current assets $9.0m $7.4m $15.8m $12.4m
Lease liabilities, current $14.9m $14.1m $21.0m $24.8m
Deferred revenue $25.1m $40.1m $64.5m $103.2m
Lease liabilities, non-current $47.5m $37.5m $32.4m $96.0m
Other non-current liabilities $876k $6.2m $7.0m $5.8m
Total stockholders’ equity ($1.0b) $914.8m $1.0b $1.2b
Total assets $629.1m $1.1b $1.3b $1.6b
Total liabilities and stockholders’ equity $629.1m $1.1b $1.3b $1.6b
Accounts payable $8.9m $13.6m $14.6m $29.1m
Accrued expenses $36.1m $62.8m $99.8m $125.2m
Total current liabilities $85.0m $130.6m $199.9m $282.2m
Total liabilities $133.4m $174.3m $239.3m $384.0m
Preferred stock: $0.001 par value; 100,000,000 and 100,000,000 shares authorized; 0 and 0 shares issued; 0 and 0 shares outstanding at December 31, 2025 and 2024, respectively. 0 0 0 0
Common stock $171k $260k $273k $304k
Additional paid-in capital $1.2b $1.7b $1.9b $2.1b
Accumulated deficit ($2.3b) ($799.0m) ($845.2m) ($877.0m)

Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.