Quarterly ResultMay 5, 2026, 04:19 PM
Klaviyo Q1 Revenue +28% to $358M; Raises FY26 Outlook; CFO Departs
AI Summary
Klaviyo, Inc. announced strong first-quarter 2026 financial results, with revenue growing 28% year-over-year to $358.0 million and achieving its strongest operating margin as a public company. The company also raised its full-year 2026 revenue guidance. Additionally, CFO Amanda Whalen informed the company of her intention to step down, effective August 21, 2026, transitioning to an advisory role.
Key Highlights
- CFO Amanda Whalen to step down on August 21, 2026, moving to an advisory role.
- Q1 2026 revenue reached $358.0 million, a 28% increase year-over-year.
- Non-GAAP operating margin for Q1 2026 was 16%, a record for the company.
- Raised FY26 revenue guidance to $1.514 billion - $1.522 billion, representing 23% YoY growth.
- Authorized a $500 million share repurchase program, with $100 million completed.
- Total customers increased to over 196,000, with 4,175 generating over $50,000 ARR (+38% YoY).
- Dollar-Based Net Revenue Retention (NRR) was 110%, up two percentage points year-over-year.
- Cash from operating activities was $34.3 million in Q1 2026.