Growth Metrics

Klaviyo (KVYO) Cost of Revenue (2022 - 2025)

Klaviyo's Cost of Revenue history spans 4 years, with the latest figure at $239.7 million for Q4 2025.

  • For Q4 2025, Cost of Revenue rose 1249.86% year-over-year to $239.7 million; the TTM value through Dec 2025 reached $506.2 million, up 128.75%, while the annual FY2025 figure was $506.2 million, 128.75% up from the prior year.
  • Cost of Revenue for Q4 2025 was $239.7 million at Klaviyo, up from $127.7 million in the prior quarter.
  • Across five years, Cost of Revenue topped out at $239.7 million in Q4 2025 and bottomed at -$25.4 million in Q4 2022.
  • The 4-year median for Cost of Revenue is $91.9 million (2024), against an average of $84.3 million.
  • The largest annual shift saw Cost of Revenue plummeted 120.33% in 2024 before it surged 1249.86% in 2025.
  • A 4-year view of Cost of Revenue shows it stood at -$25.4 million in 2022, then surged by 504.01% to $102.5 million in 2023, then crashed by 120.33% to -$20.8 million in 2024, then soared by 1249.86% to $239.7 million in 2025.
  • Per Business Quant, the three most recent readings for KVYO's Cost of Revenue are $239.7 million (Q4 2025), $127.7 million (Q3 2025), and $15.4 million (Q2 2025).