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Mar 31, 2025
Klaviyo Q1 2025 Earnings Report
Klaviyo reported strong Q1 2025 results with solid revenue growth and continued customer expansion.
Key Takeaways
Klaviyo posted $279.8 million in revenue with a net loss of $14.1 million. The company saw growth in both total customers and high-value accounts, while raising FY25 guidance.
Revenue reached $279.8 million, up 33% YoY
Ended Q1 with over 169,000 customers
3,030 customers generated over $50K in ARR, up 40% YoY
NRR stood at 108%, indicating strong expansion within existing accounts
Forward Guidance
Klaviyo raised its FY25 revenue outlook and expects continued growth, with projected Q2 revenue between $276M–$280M.
Positive Outlook
- Raised FY25 revenue guidance to $1.171B–$1.179B
- Expecting Q2 revenue of $276M–$280M
- Non-GAAP operating income guidance for FY25 increased to $133M–$139M
- Anticipates 11–12% non-GAAP operating margin for FY25
- Continued strength in high-value customer growth
Challenges Ahead
- GAAP operating loss continued in Q1
- Relatively low free cash flow margin at 2.4%
- Stock-based compensation remains high
- Slight decline in GAAP gross margin YoY
- No GAAP guidance provided due to forecasting limitations
Historical Earnings Impact
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Avg. Return Before/After Earnings
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