secwatch.observer — SEC 8-K summary
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Issuer:     Klaviyo, Inc. (KVYO)
CIK:        0001835830
Form:       8-K
Filed at:   2023-11-07T23:59:59+00:00
Accession:  0001835830-23-000007
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Klaviyo Q3 revenue $175.8M (+48% YoY); first public quarter with 10% non-GAAP op. margin
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- Revenue $175.8M, up 48% from $119.2M in Q3 2022; gross profit $117.0M (67% GAAP margin).
- Non-GAAP operating income $17.8M (10% margin) vs. loss of $(16.3M) a year ago; GAAP operating loss $(302.2M) reflecting stock-based comp.
- Customers surpassed 135,000; customers >$50K ARR up 89% YoY to 1,699; net revenue retention 119% for 10th straight quarter above 115%.
- Q4 guidance: revenue $195-197M (34-36% YoY growth); full-year FY23 revenue $691.5-693.5M.
- Launched Klaviyo CDP; hired former Salesforce executive Jamie Domenici as CMO.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1835830/000183583023000007/0001835830-23-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1835830/000183583023000007/kvyo-20231107.htm
  HTML page:      https://secwatch.observer/filing/0001835830-23-000007

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer