For the year ending 2025-12-31, KVYO had $183,026K increase in cash & cash equivalents over the period. $208,522K in free cash flow.
| Cash Flow | 2025-12-31 | 2024-12-31 | 2023-12-31 |
|---|---|---|---|
| Net loss | -31,768 | -46,142 | -308,233 |
| Depreciation and amortization expense | 18,598 | 17,717 | 13,651 |
| Non-cash operating lease costs | 24,754 | 12,682 | 12,997 |
| Amortization of deferred contract acquisition costs | 29,949 | 19,752 | 15,764 |
| Amortization of prepaid marketing expense | 52,897 | 52,897 | 52,897 |
| Gain on derecognition of asset retirement obligation | 588 | - | - |
| Loss on disposal of property and equipment | -776 | -235 | -6 |
| Bad debt expense | 2,044 | 741 | 524 |
| Stock-based compensation expense | 162,031 | 135,212 | 340,799 |
| Deferred income tax | -3,062 | 559 | -3,229 |
| Other | 0 | -10 | -118 |
| Accounts receivable | 19,663 | 20,761 | 12,877 |
| Deferred contract acquisition costs | 54,281 | 34,448 | 26,941 |
| Prepaid expenses, prepaid taxes, and other assets | 6,796 | 17,296 | 2,375 |
| Accounts payable | 12,034 | 113 | 4,505 |
| Accrued expenses | 17,534 | 36,169 | 26,666 |
| Deferred revenue | 38,741 | 24,397 | 14,991 |
| Operating lease liabilities | -23,846 | -16,722 | -15,197 |
| Other non-current liabilities | -1,347 | 840 | 5,305 |
| Net cash provided by operating activities | 218,007 | 165,955 | 119,371 |
| Acquisition of property and equipment | 9,485 | 5,921 | 3,653 |
| Capitalization of software development costs | 18,980 | 11,305 | 5,705 |
| Purchase of indefinite-lived intangible assets | - | - | 0 |
| Acquisition of business | 2,031 | 0 | 0 |
| Net cash used in investing activities | -30,496 | -17,226 | -9,358 |
| Proceeds from exercise of common stock options | 2,203 | 9,741 | 4,216 |
| Cash paid for finance leases | 0 | 19 | 21 |
| Cash paid to repurchase shares of common stock | - | - | 0 |
| Proceeds from exercise of warrants | 15 | 14 | 62 |
| Proceeds from issuance of common stock, net of issuance costs | 0 | 0 | 0 |
| Proceeds from issuance of common stock in initial public offering, net of issuance costs | 0 | 0 | 320,096 |
| Employee taxes paid related to net share settlement of stock-based awards | 17,975 | 23,665 | 81,625 |
| Proceeds from employee stock purchase plan | 11,272 | 8,130 | - |
| Net cash (used in) provided by financing activities | -4,485 | -5,799 | 242,728 |
| Net increase in cash, cash equivalents, and restricted cash | 183,026 | 142,930 | 352,741 |
| Cash and cash equivalents at beginning of period | 882,587 | 739,657 | 386,916 |
| Cash and cash equivalents at end of period | 1,065,613 | 882,587 | 739,657 |
Klaviyo, Inc. (KVYO)
Klaviyo, Inc. (KVYO)