May. 11 at 11:19 AM
$KVYO Looking to add 40,000 more shares today in advance /in light of share repurchase program
Klaviyo posts strong Q1 growth, turns profitable, and initiates a sizable buyback.
Klaviyo delivered quarterly revenue of
$358.0 million, up 27.9% year over year, while moving from a net loss of
$14.1 million to net income of
$9.0 million. This shows meaningful operating leverage as gross margin stayed above 75%.
Dollar-Based Net Revenue Retention reached 110%, and customers generating over
$50,000 of ARR grew 38% to 4,175 as of March 31, 2026. The company ended the quarter with
$985.3 million in cash, cash equivalents and restricted cash and no reported debt
Management also introduced a
$500.0 million share repurchase program, including a
$100.0 million accelerated share repurchase that initially retired 4,307,869 Series A shares at
$18.87. International revenue accounted for 36.6% of total revenue, reflecting growing geographic diversification.
