Klaviyo, Inc. Series A

Filing receipts

“This increase was primarily due to revenue growth offset by an increase in cost of revenue due to increased usage.”

“This increase was primarily due to an increase of approximately $3.9 million in stock-based compensation from the vesting of RSUs, $2.1 million in technology expenses, $2.1 million in professional services, and $1.8 million in payment processing fees related to increased volume of customer transactions.”

“Net cash outflows from changes in operating assets and liabilities primarily consisted of a $21.0 million increase in deferred contract acquisition costs related to higher sales commissions resulting from our increased revenues, $17.2 million decrease in accrued expenses and accounts payable due to timing of payments, a $12.2 million increase in accounts receivable due to an increase in customer billings, a $5.8 million increase in prepaid expenses and other assets, and a $5.5 million decrease in operating lease liabilities due to payments related to our operating lease obligations.”