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| Date | Value |
|---|---|
| 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 |