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Side-by-side financial comparison of Klaviyo, Inc. (KVYO) and Zeta Global Holdings Corp. (ZETA). Click either name above to swap in a different company.
Zeta Global Holdings Corp. is the larger business by last-quarter revenue ($394.6M vs $350.2M, roughly 1.1× Klaviyo, Inc.). Klaviyo, Inc. runs the higher net margin — 2.0% vs 1.7%, a 0.3% gap on every dollar of revenue. On growth, Klaviyo, Inc. posted the faster year-over-year revenue change (29.6% vs 25.4%). Klaviyo, Inc. produced more free cash flow last quarter ($90.7M vs $60.9M). Over the past eight quarters, Zeta Global Holdings Corp.'s revenue compounded faster (42.3% CAGR vs 29.1%).
Klaviyo is an American technology company that provides a marketing automation platform, used primarily for email marketing and SMS marketing.
Zeta Global Holdings Corp. is an American marketing technology company which was founded in 2007. Zeta offers companies a suite of multichannel marketing tools focused on creating, maintaining, and monetizing customer relationships. The company went public on the New York Stock Exchange on June 10, 2021, at a US$1.7 billion valuation.
KVYO vs ZETA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $350.2M | $394.6M |
| Net Profit | $7.0M | $6.5M |
| Gross Margin | 72.2% | 59.5% |
| Operating Margin | -0.5% | 4.5% |
| Net Margin | 2.0% | 1.7% |
| Revenue YoY | 29.6% | 25.4% |
| Net Profit YoY | 126.1% | -57.1% |
| EPS (diluted) | $0.03 | $0.04 |
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 | $350.2M | $394.6M | ||
| Q3 25 | $310.9M | $337.2M | ||
| Q2 25 | $293.1M | $308.4M | ||
| Q1 25 | $279.8M | $264.4M | ||
| Q4 24 | $270.2M | $314.7M | ||
| Q3 24 | $235.1M | $268.3M | ||
| Q2 24 | $222.2M | $227.8M | ||
| Q1 24 | $210.0M | $194.9M |
| Q4 25 | $7.0M | $6.5M | ||
| Q3 25 | $-426.0K | $-3.6M | ||
| Q2 25 | $-24.3M | $-12.8M | ||
| Q1 25 | $-14.1M | $-21.6M | ||
| Q4 24 | $-27.0M | $15.2M | ||
| Q3 24 | $-1.3M | $-17.4M | ||
| Q2 24 | $-4.9M | $-28.1M | ||
| Q1 24 | $-12.9M | $-39.6M |
| Q4 25 | 72.2% | 59.5% | ||
| Q3 25 | 75.5% | 60.5% | ||
| Q2 25 | 75.7% | 62.1% | ||
| Q1 25 | 75.8% | 60.9% | ||
| Q4 24 | 73.4% | 60.0% | ||
| Q3 24 | 76.9% | 60.6% | ||
| Q2 24 | 77.4% | 60.0% | ||
| Q1 24 | 78.6% | 60.6% |
| Q4 25 | -0.5% | 4.5% | ||
| Q3 25 | -3.5% | 2.6% | ||
| Q2 25 | -10.7% | -1.7% | ||
| Q1 25 | -8.5% | -6.1% | ||
| Q4 24 | -12.8% | 2.2% | ||
| Q3 24 | -5.6% | -4.6% | ||
| Q2 24 | -6.3% | -11.7% | ||
| Q1 24 | -10.5% | -18.4% |
| Q4 25 | 2.0% | 1.7% | ||
| Q3 25 | -0.1% | -1.1% | ||
| Q2 25 | -8.3% | -4.2% | ||
| Q1 25 | -5.0% | -8.2% | ||
| Q4 24 | -10.0% | 4.8% | ||
| Q3 24 | -0.6% | -6.5% | ||
| Q2 24 | -2.2% | -12.3% | ||
| Q1 24 | -6.1% | -20.3% |
| Q4 25 | $0.03 | $0.04 | ||
| Q3 25 | $0.00 | $-0.02 | ||
| Q2 25 | $-0.09 | $-0.06 | ||
| Q1 25 | $-0.05 | $-0.10 | ||
| Q4 24 | $-0.09 | $0.10 | ||
| Q3 24 | $-0.01 | $-0.09 | ||
| Q2 24 | $-0.02 | $-0.16 | ||
| Q1 24 | $-0.05 | $-0.23 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $1.1B | $319.8M |
| Total DebtLower is stronger | — | $197.1M |
| Stockholders' EquityBook value | $1.2B | $804.6M |
| Total Assets | $1.6B | $1.5B |
| Debt / EquityLower = less leverage | — | 0.24× |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $1.1B | $319.8M | ||
| Q3 25 | $980.3M | $385.2M | ||
| Q2 25 | $935.5M | $365.3M | ||
| Q1 25 | $888.4M | $364.4M | ||
| Q4 24 | $881.5M | $366.2M | ||
| Q3 24 | $826.7M | $418.5M | ||
| Q2 24 | $793.6M | $154.7M | ||
| Q1 24 | $755.8M | $141.6M |
| Q4 25 | — | $197.1M | ||
| Q3 25 | — | $196.9M | ||
| Q2 25 | — | $196.7M | ||
| Q1 25 | — | $196.5M | ||
| Q4 24 | — | $196.3M | ||
| Q3 24 | — | $196.1M | ||
| Q2 24 | — | $184.4M | ||
| Q1 24 | — | $184.2M |
| Q4 25 | $1.2B | $804.6M | ||
| Q3 25 | $1.1B | $689.2M | ||
| Q2 25 | $1.1B | $673.3M | ||
| Q1 25 | $1.1B | $676.6M | ||
| Q4 24 | $1.0B | $676.8M | ||
| Q3 24 | $1.0B | $474.9M | ||
| Q2 24 | $979.5M | $217.0M | ||
| Q1 24 | $937.5M | $191.6M |
| Q4 25 | $1.6B | $1.5B | ||
| Q3 25 | $1.5B | $1.2B | ||
| Q2 25 | $1.4B | $1.1B | ||
| Q1 25 | $1.3B | $1.1B | ||
| Q4 24 | $1.3B | $1.1B | ||
| Q3 24 | $1.2B | $869.1M | ||
| Q2 24 | $1.1B | $583.9M | ||
| Q1 24 | $1.1B | $550.3M |
| Q4 25 | — | 0.24× | ||
| Q3 25 | — | 0.29× | ||
| Q2 25 | — | 0.29× | ||
| Q1 25 | — | 0.29× | ||
| Q4 24 | — | 0.29× | ||
| Q3 24 | — | 0.41× | ||
| Q2 24 | — | 0.85× | ||
| Q1 24 | — | 0.96× |
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 | $93.2M | $64.1M |
| Free Cash FlowOCF − Capex | $90.7M | $60.9M |
| FCF MarginFCF / Revenue | 25.9% | 15.4% |
| Capex IntensityCapex / Revenue | 0.7% | 0.8% |
| Cash ConversionOCF / Net Profit | 13.26× | 9.81× |
| TTM Free Cash FlowTrailing 4 quarters | $208.5M | $185.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $93.2M | $64.1M | ||
| Q3 25 | $54.8M | $57.9M | ||
| Q2 25 | $55.7M | $42.0M | ||
| Q1 25 | $14.4M | $34.8M | ||
| Q4 24 | $60.1M | $43.7M | ||
| Q3 24 | $38.8M | $34.4M | ||
| Q2 24 | $40.9M | $31.1M | ||
| Q1 24 | $26.2M | $24.7M |
| Q4 25 | $90.7M | $60.9M | ||
| Q3 25 | $52.5M | $52.4M | ||
| Q2 25 | $53.7M | $39.7M | ||
| Q1 25 | $11.7M | $32.1M | ||
| Q4 24 | $57.7M | $35.4M | ||
| Q3 24 | $37.2M | $29.5M | ||
| Q2 24 | $40.1M | $24.4M | ||
| Q1 24 | $24.9M | $18.9M |
| Q4 25 | 25.9% | 15.4% | ||
| Q3 25 | 16.9% | 15.6% | ||
| Q2 25 | 18.3% | 12.9% | ||
| Q1 25 | 4.2% | 12.1% | ||
| Q4 24 | 21.4% | 11.3% | ||
| Q3 24 | 15.8% | 11.0% | ||
| Q2 24 | 18.1% | 10.7% | ||
| Q1 24 | 11.9% | 9.7% |
| Q4 25 | 0.7% | 0.8% | ||
| Q3 25 | 0.7% | 1.6% | ||
| Q2 25 | 0.7% | 0.8% | ||
| Q1 25 | 1.0% | 1.0% | ||
| Q4 24 | 0.9% | 2.6% | ||
| Q3 24 | 0.7% | 1.8% | ||
| Q2 24 | 0.3% | 3.0% | ||
| Q1 24 | 0.6% | 3.0% |
| Q4 25 | 13.26× | 9.81× | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 2.87× | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
