Klaviyo, Inc. (KVYO) intrinsic value & 10-year financials
Klaviyo, Inc. (KVYO) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 6 fiscal years revenue grew 43.5% a year to $1.2B, with an average return on invested capital of -1.8%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $17.08
- Market cap
- $5.0B
- Revenue (FY2025)
- $1.2B
- Revenue growth (6-yr CAGR)
- 43.5%
- ROIC (10-yr avg)
- -1.8%
- Free cash flow (FY2025)
- $208.5M
KVYO 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $1.2B | -$31.8M | -$0.11 | $208.5M | -5.5% | -32.8% |
| FY2024 | $937.5M | -$46.1M | -$0.17 | $160.0M | -9.0% | -42.2% |
| FY2023 | $698.1M | -$308.2M | -$1.27 | $115.7M | -47.4% | 57.0% |
| FY2022 | $472.7M | -$49.2M | -$0.21 | -$39.4M | -11.6% | 4.0% |
| FY2021 | $290.6M | -$79.4M | -$0.36 | -$35.8M | -27.3% | 5.3% |
| FY2020 | — | — | — | — | — | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Klaviyo, Inc. revenue growth over the past decade is N/A; insufficient history prevents a reliable 10-year CAGR calculation.
Klaviyo, Inc. has historically struggled to out-earn its cost of capital, averaging just -3.5% ROIC.
Klaviyo, Inc. capital allocation metrics are N/A for the decade; share count and net debt history are incomplete.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Klaviyo, Inc. is modeled at 15.0% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-3.65 per share.