Klaviyo(US:KVYO)2025-05-06 20:17Financial Performance - Klaviyo's Q1 2025 revenue reached $280 million, representing a 33% year-over-year growth[19] - The company's dollar-based net revenue retention rate was 108%[19] - 34% of total revenue came from EMEA & APAC regions[19] - The trailing twelve months (TTM) free cash flow margin was 13%[19] - Non-GAAP operating margin was 12%[19] Customer Growth - Klaviyo has over 169,000 total customers[19] - The number of customers generating over $50,000 in ARR grew by 40% year-over-year, reaching 3,030[19] Future Outlook - Klaviyo projects Q2 2025 revenue between $276 million and $280 million, with a year-over-year growth of 24%-26%[87] - The company anticipates full-year 2025 revenue between $1.171 billion and $1.179 billion, reflecting a 25%-26% year-over-year growth[87] - Klaviyo expects a Q2 2025 non-GAAP operating income of $28.5 million to $31.5 million, with a non-GAAP operating margin of 10%-11%[87] - The projected non-GAAP operating income for the full year 2025 is $133 million to $139 million, with a non-GAAP operating margin of 11%-12%[87] Market Opportunity - Klaviyo estimates a global total addressable market (TAM) of $68 billion[56] - The U S TAM is estimated at $34 billion, with retail and e-commerce representing a $16 billion serviceable addressable market (SAM)[57]