Klaviyo (KVYO) Cost of Revenue (2022 - 2026)

Klaviyo has disclosed Cost of Revenue across 5 years of filings, most recently posting $89.1 million for Q1 2026.

• Cost of Revenue for Q1 2026 came in at $89.1 million, down 27.86% year-over-year; the trailing twelve-month figure through Mar 2026 was $333.9 million (down 3.48% YoY), and the FY2025 annual result was $312.5 million, down 22.68% from the prior year.
• Cost of Revenue came in at $89.1 million for Q1 2026 at Klaviyo, down from $97.4 million in the prior quarter.
• In the past five years, Cost of Revenue ranged from a high of $123.5 million in Q1 2025 to a low of -$25.4 million in Q4 2022.
• The 5-year median for Cost of Revenue is $60.6 million (2023), against an average of $65.4 million.
• Across the five-year window, Cost of Revenue soared 277.38% in 2023 and decreased 27.86% in 2026, its largest moves.
• Klaviyo's Cost of Revenue stood at -$25.4 million in 2022, then jumped by 277.38% to $45.0 million in 2023, then jumped by 161.77% to $117.8 million in 2024, then decreased by 17.3% to $97.4 million in 2025, then slipped by 8.55% to $89.1 million in 2026.
• The last three Cost of Revenue figures came in at $89.1 million (Q1 2026), $97.4 million (Q4 2025), and $76.1 million (Q3 2025), per Business Quant data.