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Side-by-side financial comparison of Dolby Laboratories, Inc. (DLB) and Klaviyo, Inc. (KVYO). Click either name above to swap in a different company.
Klaviyo, Inc. is the larger business by last-quarter revenue ($350.2M vs $346.7M, roughly 1.0× Dolby Laboratories, Inc.). Dolby Laboratories, Inc. runs the higher net margin — 15.4% vs 2.0%, a 13.4% gap on every dollar of revenue. On growth, Klaviyo, Inc. posted the faster year-over-year revenue change (29.6% vs -2.9%). Klaviyo, Inc. produced more free cash flow last quarter ($90.7M vs $50.2M). Over the past eight quarters, Klaviyo, Inc.'s revenue compounded faster (29.1% CAGR vs -2.5%).
Dolby Laboratories, Inc. is an American technology corporation specializing in audio noise reduction, audio encoding/compression, spatial audio, and high-dynamic-range television (HDR) imaging. Dolby licenses its technologies to consumer electronics manufacturers.
Klaviyo is an American technology company that provides a marketing automation platform, used primarily for email marketing and SMS marketing.
DLB vs KVYO — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $346.7M | $350.2M |
| Net Profit | $53.3M | $7.0M |
| Gross Margin | 87.5% | 72.2% |
| Operating Margin | 17.9% | -0.5% |
| Net Margin | 15.4% | 2.0% |
| Revenue YoY | -2.9% | 29.6% |
| Net Profit YoY | -21.4% | 126.1% |
| EPS (diluted) | $0.55 | $0.03 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $346.7M | $350.2M | ||
| Q3 25 | $307.0M | $310.9M | ||
| Q2 25 | $315.5M | $293.1M | ||
| Q1 25 | $369.6M | $279.8M | ||
| Q4 24 | $357.0M | $270.2M | ||
| Q3 24 | $304.8M | $235.1M | ||
| Q2 24 | $288.8M | $222.2M | ||
| Q1 24 | $364.5M | $210.0M |
| Q4 25 | $53.3M | $7.0M | ||
| Q3 25 | $49.3M | $-426.0K | ||
| Q2 25 | $46.1M | $-24.3M | ||
| Q1 25 | $91.8M | $-14.1M | ||
| Q4 24 | $67.8M | $-27.0M | ||
| Q3 24 | $58.6M | $-1.3M | ||
| Q2 24 | $38.4M | $-4.9M | ||
| Q1 24 | $97.8M | $-12.9M |
| Q4 25 | 87.5% | 72.2% | ||
| Q3 25 | 87.1% | 75.5% | ||
| Q2 25 | 86.1% | 75.7% | ||
| Q1 25 | 90.3% | 75.8% | ||
| Q4 24 | 88.6% | 73.4% | ||
| Q3 24 | 88.8% | 76.9% | ||
| Q2 24 | 87.7% | 77.4% | ||
| Q1 24 | 89.4% | 78.6% |
| Q4 25 | 17.9% | -0.5% | ||
| Q3 25 | 9.7% | -3.5% | ||
| Q2 25 | 15.1% | -10.7% | ||
| Q1 25 | 29.2% | -8.5% | ||
| Q4 24 | 22.4% | -12.8% | ||
| Q3 24 | 15.2% | -5.6% | ||
| Q2 24 | 12.7% | -6.3% | ||
| Q1 24 | 29.9% | -10.5% |
| Q4 25 | 15.4% | 2.0% | ||
| Q3 25 | 16.1% | -0.1% | ||
| Q2 25 | 14.6% | -8.3% | ||
| Q1 25 | 24.8% | -5.0% | ||
| Q4 24 | 19.0% | -10.0% | ||
| Q3 24 | 19.2% | -0.6% | ||
| Q2 24 | 13.3% | -2.2% | ||
| Q1 24 | 26.8% | -6.1% |
| Q4 25 | $0.55 | $0.03 | ||
| Q3 25 | $0.50 | $0.00 | ||
| Q2 25 | $0.48 | $-0.09 | ||
| Q1 25 | $0.94 | $-0.05 | ||
| Q4 24 | $0.70 | $-0.09 | ||
| Q3 24 | $0.59 | $-0.01 | ||
| Q2 24 | $0.40 | $-0.02 | ||
| Q1 24 | $1.01 | $-0.05 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $644.6M | $1.1B |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $2.6B | $1.2B |
| Total Assets | $3.2B | $1.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $644.6M | $1.1B | ||
| Q3 25 | $702.6M | $980.3M | ||
| Q2 25 | $699.3M | $935.5M | ||
| Q1 25 | $626.6M | $888.4M | ||
| Q4 24 | $520.8M | $881.5M | ||
| Q3 24 | $482.0M | $826.7M | ||
| Q2 24 | $869.0M | $793.6M | ||
| Q1 24 | $825.4M | $755.8M |
| Q4 25 | $2.6B | $1.2B | ||
| Q3 25 | $2.6B | $1.1B | ||
| Q2 25 | $2.6B | $1.1B | ||
| Q1 25 | $2.6B | $1.1B | ||
| Q4 24 | $2.5B | $1.0B | ||
| Q3 24 | $2.5B | $1.0B | ||
| Q2 24 | $2.4B | $979.5M | ||
| Q1 24 | $2.4B | $937.5M |
| Q4 25 | $3.2B | $1.6B | ||
| Q3 25 | $3.2B | $1.5B | ||
| Q2 25 | $3.2B | $1.4B | ||
| Q1 25 | $3.2B | $1.3B | ||
| Q4 24 | $3.2B | $1.3B | ||
| Q3 24 | $3.1B | $1.2B | ||
| Q2 24 | $3.0B | $1.1B | ||
| Q1 24 | $3.0B | $1.1B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $54.8M | $93.2M |
| Free Cash FlowOCF − Capex | $50.2M | $90.7M |
| FCF MarginFCF / Revenue | 14.5% | 25.9% |
| Capex IntensityCapex / Revenue | 1.3% | 0.7% |
| Cash ConversionOCF / Net Profit | 1.03× | 13.26× |
| TTM Free Cash FlowTrailing 4 quarters | $715.3M | $208.5M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $54.8M | $93.2M | ||
| Q3 25 | $472.2M | $54.8M | ||
| Q2 25 | $67.7M | $55.7M | ||
| Q1 25 | $174.9M | $14.4M | ||
| Q4 24 | $106.8M | $60.1M | ||
| Q3 24 | $327.3M | $38.8M | ||
| Q2 24 | $21.3M | $40.9M | ||
| Q1 24 | $181.4M | $26.2M |
| Q4 25 | $50.2M | $90.7M | ||
| Q3 25 | $435.9M | $52.5M | ||
| Q2 25 | $61.3M | $53.7M | ||
| Q1 25 | $168.0M | $11.7M | ||
| Q4 24 | $100.0M | $57.7M | ||
| Q3 24 | $297.2M | $37.2M | ||
| Q2 24 | $13.7M | $40.1M | ||
| Q1 24 | $172.5M | $24.9M |
| Q4 25 | 14.5% | 25.9% | ||
| Q3 25 | 142.0% | 16.9% | ||
| Q2 25 | 19.4% | 18.3% | ||
| Q1 25 | 45.5% | 4.2% | ||
| Q4 24 | 28.0% | 21.4% | ||
| Q3 24 | 97.5% | 15.8% | ||
| Q2 24 | 4.7% | 18.1% | ||
| Q1 24 | 47.3% | 11.9% |
| Q4 25 | 1.3% | 0.7% | ||
| Q3 25 | 11.8% | 0.7% | ||
| Q2 25 | 2.0% | 0.7% | ||
| Q1 25 | 1.9% | 1.0% | ||
| Q4 24 | 1.9% | 0.9% | ||
| Q3 24 | 9.8% | 0.7% | ||
| Q2 24 | 2.6% | 0.3% | ||
| Q1 24 | 2.4% | 0.6% |
| Q4 25 | 1.03× | 13.26× | ||
| Q3 25 | 9.57× | — | ||
| Q2 25 | 1.47× | — | ||
| Q1 25 | 1.91× | — | ||
| Q4 24 | 1.57× | — | ||
| Q3 24 | 5.59× | — | ||
| Q2 24 | 0.55× | — | ||
| Q1 24 | 1.85× | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
DLB
| Licensing Brodcast Revenue | $100.3M | 29% |
| Licensing Mobile Revenue | $74.9M | 22% |
| Licensing Other Revenue | $70.2M | 20% |
| Licensing CE Revenue | $45.6M | 13% |
| Licensing PC Revenue | $28.7M | 8% |
| Products And Services | $26.9M | 8% |
KVYO
Segment breakdown not available.
