Klaviyo (KVYO) Research & Development (2022 - 2026)
Klaviyo's (KVYO) quarterly Research & Development came in at $139.3 million in Q2 2026, up 10.0% year-over-year from $126.6 million in Q2 2025, and up 3.91% quarter-over-quarter from $134.1 million in Q1 2026.
Analysis
Klaviyo (KVYO) Research & Development (2022 - 2026) Analysis & Trends
Klaviyo has disclosed Research & Development across 5 years of filings, most recently posting $139.3 million for Q2 2026.
- In Q2 2026, Research & Development rose 10.0% year-over-year to $139.3 million; the TTM figure through Jun 2026 stood at $529.4 million (up 13.13% YoY), while the FY2025 annual figure was $506.2 million, up 25.24% from the prior year.
- Research & Development came in at $139.3 million for Q2 2026 at Klaviyo, up from $134.1 million in the prior quarter.
- In the past five years, Research & Development ranged from a high of $167.9 million in Q3 2023 to a low of $60.4 million in Q4 2022.
- Average Research & Development over 5 years is $106.3 million, with a median of $110.2 million recorded in 2023.
- Year-over-year, Research & Development soared 173.05% in 2023 and tumbled 40.42% in 2024.
- Over 5 years, Research & Development stood at $60.4 million in 2022, then jumped by 69.61% to $102.5 million in 2023, then rose by 14.93% to $117.8 million in 2024, then advanced by 9.0% to $128.4 million in 2025, then rose by 8.46% to $139.3 million in 2026.
- Per Business Quant data, the three most recent Research & Development figures were $139.3 million in Q2 2026, $134.1 million in Q1 2026, and $128.4 million in Q4 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Zeta Global Holdings | 7.10 Bn | 6.79 Bn | 261.77 Mn | 104.04 Mn |
| 2 | Klaviyo | 5.52 Bn | 4.69 Bn | 269.10 Mn | 139.30 Mn |
| 3 | Braze | 3.60 Bn | 3.21 Bn | 138.66 Mn | 89.19 Mn |
| 4 | LiveRamp Holdings | 2.30 Bn | 1.92 Bn | 150.94 Mn | 51.93 Mn |
| 5 | Sharplink | 865.57 Mn | 809.37 Mn | 11.27 Mn | - |
| 6 | Sprout Social | 688.23 Mn | 568.30 Mn | 96.09 Mn | 47.42 Mn |
| 7 | Yext | 645.34 Mn | 558.52 Mn | 83.84 Mn | 26.31 Mn |
| 8 | TechTarget | 292.93 Mn | 247.11 Mn | 64.48 Mn | 29.67 Mn |
| 9 | Marchex | 69.04 Mn | 60.89 Mn | 6.60 Mn | 2.30 Mn |
| 10 | Grandstand | 66.68 Mn | 57.88 Mn | 31.83 Mn | -16.14 Mn |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 139.30 Mn |
| Mar 31, 2026 | 134.06 Mn |
| Dec 31, 2025 | 128.43 Mn |
| Sep 30, 2025 | 127.65 Mn |
| Jun 30, 2025 | 126.63 Mn |
| Mar 31, 2025 | 123.53 Mn |
| Dec 31, 2024 | 117.83 Mn |
| Sep 30, 2024 | 100.02 Mn |
| Jun 30, 2024 | 94.50 Mn |
| Mar 31, 2024 | 91.86 Mn |
| Dec 31, 2023 | 102.52 Mn |
| Sep 30, 2023 | 167.88 Mn |
| Jun 30, 2023 | 63.36 Mn |
| Mar 31, 2023 | 60.61 Mn |
| Dec 31, 2022 | 60.45 Mn |
| Sep 30, 2022 | 61.48 Mn |