Quarterly ResultMay 5, 2026, 04:19 PM
Klaviyo Q1 Revenue $358M, Net Income $9M; Initiates $100M Buyback
AI Summary
Klaviyo reported strong financial results for the first quarter of 2026, with revenue increasing to $358 million and a significant turnaround from a net loss to a net income of $9 million. The company also initiated an accelerated share repurchase program, buying back $100 million in shares. Operating income also turned positive, reflecting improved financial performance.
Key Highlights
- Revenue increased 27.9% to $358 million for Q1 2026, up from $279.8 million in Q1 2025.
- Reported net income of $9 million ($0.03 diluted EPS) in Q1 2026, compared to a net loss of $14.1 million ($0.05 diluted loss per share) in Q1 2025.
- Operating income was $1.7 million in Q1 2026, a significant improvement from an operating loss of $23.8 million in Q1 2025.
- Net cash provided by operating activities grew to $34.3 million in Q1 2026, from $14.4 million in Q1 2025.
- Initiated an accelerated share repurchase program, with payments of $100 million during Q1 2026.
- Cash and cash equivalents stood at $984.6 million as of March 31, 2026.
- Deferred revenue increased to $111.5 million as of March 31, 2026, from $103.2 million at December 31, 2025.