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Jun 30
Klaviyo Q2 2025 Earnings Report
Klaviyo announced strong second quarter 2025 financial results, with significant revenue growth and increased customer numbers.
Key Takeaways
Klaviyo delivered a standout second quarter in 2025, with revenue growing 32% year-over-year to $293.1 million. The company reported strong customer growth, reaching over 176,000 customers globally, and a substantial increase in large customers generating over $50,000 ARR. International expansion, particularly in EMEA and APAC, also contributed significantly to the positive results.
Revenue for Q2 2025 reached $293.1 million, marking a 32% year-over-year increase.
Total customers grew to over 176,000 as of June 30, 2025, up from over 151,000 in the prior year.
Customers generating over $50,000 of ARR increased by 38% year-over-year, totaling 3,291.
The company reported a Net Revenue Retention (NRR) of 108% as of June 30, 2025, indicating strong growth from existing customers.
Klaviyo
Klaviyo
Forward Guidance
Klaviyo has raised its full-year 2025 revenue guidance to a range of $1.195 billion to $1.203 billion, representing year-over-year growth of 27% to 28%. The company also provided guidance for Q3 2025 revenue and non-GAAP operating income.
Positive Outlook
- Raised full-year 2025 revenue guidance, indicating strong confidence in continued growth.
- Projected FY25 revenue growth rate of 27% to 28% year-over-year.
- Anticipated non-GAAP operating income for FY25 in the range of $144.0 million to $150.0 million.
- Forecasted Q3 2025 revenue between $297.0 million and $301.0 million.
- Expected Q3 2025 non-GAAP operating income between $32.5 million and $35.5 million.
Challenges Ahead
- No specific negative forward guidance points were explicitly stated in the provided text.
- The company has not provided a reconciliation of non-GAAP operating income guidance to GAAP measures due to the difficulty in predicting certain excluded items.
- Stock-based compensation and related employer payroll taxes are difficult to predict and subject to change, impacting non-GAAP reconciliation.
- The impact of the Shopify investment option was excluded from diluted shares as it was out of the money.
- The forward-looking statements are subject to various uncertainties, risks, and changes in circumstances that are difficult to predict.