Klaviyo (KVYO) Research & Development (2022 - 2026)
Klaviyo (KVYO) posted Research & Development of $134.1 million for Q1 2026, down 54.05% sequentially from $291.8 million in Q4 2025, and up 8.52% YoY from $123.5 million in Q1 2025.
Klaviyo (KVYO) Research & Development (2022 - 2026) Analysis & Trends
Klaviyo has reported Research & Development for 5 years, with the latest figure at $134.1 million in Q1 2026.
- Quarterly Research & Development rose 8.52% year-over-year to $134.1 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $570.9 million (up 61.8% YoY) and the FY2025 annual result came in at $506.2 million, up 25.24% from the prior year.
- Research & Development declined to $134.1 million in Q1 2026 per KVYO's latest filing, from $291.8 million in the prior quarter.
- Over five years, Research & Development peaked at $291.8 million in Q4 2025 and troughed at -$29.7 million in Q4 2023.
- A 5-year average of $85.4 million and a median of $72.5 million in 2025 frame the typical range for Research & Development.
- The sharpest annual moves came in 2023 and 2024: Research & Development sank 203.33% in 2023, then soared 497.17% in 2024.
- Over 5 years, Research & Development stood at $28.7 million in 2022, then tumbled by 203.33% to -$29.7 million in 2023, then jumped by 497.17% to $117.8 million in 2024, then jumped by 147.61% to $291.8 million in 2025, then slumped by 54.05% to $134.1 million in 2026.
- According to Business Quant data, Research & Development over the past three periods registered $134.1 million, $291.8 million, and $72.7 million for Q1 2026, Q4 2025, and Q3 2025 respectively.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | R&D (Qtr) |
|---|---|---|---|---|---|
| 1 | Sap Se | 255.48 Bn | 234.41 Bn | 16.51 Bn | -4.12 Bn |
| 2 | Shopify | 198.95 Bn | 194.00 Bn | 1.71 Bn | 498.00 Mn |
| 3 | Salesforce | 160.70 Bn | 148.86 Bn | 8.56 Bn | 3.77 Bn |
| 4 | Uber Technologies | 154.94 Bn | 149.73 Bn | 6.38 Bn | 1.52 Bn |
| 5 | ServiceNow | 128.25 Bn | 123.58 Bn | 2.82 Bn | 1.37 Bn |
| 6 | Snowflake | 114.00 Bn | 111.05 Bn | 926.45 Mn | 588.95 Mn |
| 7 | Automatic Data Processing | 108.58 Bn | 104.35 Bn | 2.51 Bn | 265.90 Mn |
| 8 | Adobe | 105.34 Bn | 99.72 Bn | 5.90 Bn | 1.88 Bn |
| 9 | Intuit | 94.55 Bn | 87.77 Bn | 7.24 Bn | 1.79 Bn |
| 10 | Klaviyo | 5.49 Bn | 4.66 Bn | 269.10 Mn | 139.30 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 139.30 Mn |
| Mar 31, 2026 | 134.06 Mn |
| Dec 31, 2025 | 291.77 Mn |
| Sep 30, 2025 | 72.67 Mn |
| Jun 30, 2025 | 72.46 Mn |
| Mar 31, 2025 | 123.53 Mn |
| Dec 31, 2024 | 117.83 Mn |
| Sep 30, 2024 | 55.77 Mn |
| Jun 30, 2024 | 55.74 Mn |
| Mar 31, 2024 | 91.86 Mn |
| Dec 31, 2023 | -29.67 Mn |
| Sep 30, 2023 | 167.88 Mn |
| Jun 30, 2023 | 33.06 Mn |
| Mar 31, 2023 | 35.03 Mn |
| Dec 31, 2022 | 28.71 Mn |
| Sep 30, 2022 | 30.09 Mn |