Klaviyo (KVYO) Research & Development (2022 - 2026)

Klaviyo (KVYO) reported Research & Development of $134.1 million for Q1 2026, up 8.52% on a YoY basis from $123.5 million in Q1 2025, and down 54.05% sequentially from $291.8 million in Q4 2025.

Klaviyo (KVYO) Research & Development (2022 - 2026) Analysis & Trends

Klaviyo (KVYO) has 5 years of Research & Development data on file, last reported at $134.1 million in Q1 2026.

  • For the quarter ending Q1 2026, Research & Development rose 8.52% year-over-year to $134.1 million; the trailing twelve-month figure through Mar 2026 stood at $570.9 million (up 61.8% YoY), and the FY2025 full-year result was $506.2 million, up 25.24% from the prior year.
  • Research & Development declined to $134.1 million in Q1 2026, from $291.8 million in the prior quarter.
  • In the past five years, Research & Development ranged from a high of $291.8 million in Q4 2025 to a low of -$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.
  • Across the five-year window, Research & Development tumbled 203.33% in 2023 and jumped 497.17% in 2024, its largest moves.
  • Tracing KVYO's Research & Development over 5 years: stood at $28.7 million in 2022, then plunged 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 tumbled by 54.05% to $134.1 million in 2026.
  • Business Quant data shows KVYO's Research & Development at $134.1 million in Q1 2026, $291.8 million in Q4 2025, and $72.7 million in Q3 2025.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) R&D (Qtr)
1 Sap Se 208.91 Bn 189.27 Bn 8.16 Bn -1.99 Bn
2 Full Truck Alliance 188.77 Bn 186.13 Bn - -37.02 Mn
3 Shopify 145.98 Bn 140.23 Bn 1.55 Bn 496.00 Mn
4 Uber Technologies 141.48 Bn 140.44 Bn 5.95 Bn 1.33 Bn
5 Salesforce 128.51 Bn 116.67 Bn 8.56 Bn 3.77 Bn
6 ServiceNow 98.38 Bn 93.20 Bn 2.82 Bn 1.37 Bn
7 Automatic Data Processing 97.56 Bn 94.34 Bn 2.87 Bn 253.90 Mn
8 Snowflake 91.55 Bn 88.59 Bn 926.45 Mn 588.95 Mn
9 Cadence Design Systems 89.91 Bn 88.50 Bn 1.41 Bn 508.44 Mn
10 Klaviyo 4.77 Bn 4.40 Bn 268.89 Mn 134.06 Mn

Historic Data

Download Data
DateValue
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