What is Klaviyo, Inc. worth?
With the base-case assumptions below, a discounted cash flow model on Klaviyo, Inc.'s reported free cash flow gives $26.11 per share. The share price was $20.41 on November 10, 2026, 22% below that value.
Inputs from the filings
Three sets of assumptions
| Case | Growth yrs 1-5 | Discount rate | Value per share | Value vs price |
|---|---|---|---|---|
| Bear | 10.0% | 10.0% | $16.82 | -18% |
| Base | 15.0% | 9.0% | $26.11 | +28% |
| Bull | 20.0% | 8.0% | $43.41 | +113% |
Sensitivity: base case value per share
| 1.5% | 2.0% | 2.5% | 3.0% | 3.5% | |
|---|---|---|---|---|---|
| 7.0% | $33.14 | $35.34 | $38.02 | $41.37 | $45.68 |
| 8.0% | $27.86 | $29.28 | $30.96 | $32.98 | $35.45 |
| 9.0% | $24.01 | $24.99 | $26.11 | $27.42 | $28.97 |
| 10.0% | $21.10 | $21.79 | $22.57 | $23.47 | $24.50 |
| 11.0% | $18.82 | $19.32 | $19.89 | $20.53 | $21.25 |
Where the presets come from
Base: years 1 to 5 grow at Klaviyo, Inc.'s revenue growth rate over the last 4 fiscal years (43.5% a year), held between -5% and 15%. Years 6 to 10 grow halfway between that and the long-run rate of 2.5%. Future cash is discounted at 9% a year.
Bear: 5 points less growth, 2% long-run growth, 10% discount rate. Bull: 5 points more growth (at most 25%), 3% long-run growth, 8% discount rate.
Value per share = (present value of 10 years of free cash flow + present value of everything after + cash - debt) / diluted shares.
This is a model run on assumptions, not a recommendation or a price target. Small changes in the discount rate or growth move the result a lot, as the table above shows. Change them yourself in the calculator.
Adjust the assumptions
Move the sliders for growth, long-run growth and discount rate, or switch to average free cash flow, and see the value per share change.
Adjust the assumptions