KVYO — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-08-05

• Revenue for the six months ended June 30, 2026 increased by $155.6 million or 27.2%, to $728.6 million compared to $572.9 million for the six months ended June 30, 2025. The increase was due to new business, including new customers, geographic expansion, expanded usage of our platform, including our…

• Cost of revenue for the three months ended June 30, 2026 increased by $30.2 million or 42.4%, to $101.5 million compared to $71.2 million for the three months ended June 30, 2025. This was primarily due to an increase of approximately $14.6 million in outbound communication sending costs on behalf o…

• Cost of revenue for the six months ended June 30, 2026 increased by $51.7 million or 37.2%, to $190.6 million compared to $138.9 million for the six months ended June 30, 2025. This was primarily due to an increase of approximately $26.3 million in outbound communication sending costs on behalf of o…

• Gross profit for the three months ended June 30, 2026 increased by $47.2 million or 21.3%, to $269.1 million compared to $221.9 million for the three months ended June 30, 2025. This increase was primarily due to revenue growth offset by an increase in cost of revenue due to increased usage.

• Gross profit for the six months ended June 30, 2026 increased by $104.0 million or 24.0%, to $538.0 million compared to $434.0 million for the six months ended June 30, 2025. This increase was primarily due to revenue growth offset by an increase in cost of revenue due to increased usage.

Text removed vs the prior filing · source: 10-Q · 2026-05-05

• Cost of revenue for the three months ended March 31, 2026 increased by $21.4 million or 31.6%, to $89.1 million compared to $67.7 million for the three months ended March 31, 2025. This was primarily due to an increase of approximately $11.7 million in outbound communication sending costs on behalf …

• Gross profit for the three months ended March 31, 2026 increased by $56.8 million or 26.8%, to $268.9 million compared to $212.1 million for the three months ended March 31, 2025. This increase was primarily due to revenue growth offset by an increase in cost of revenue due to increased usage.

• Selling and marketing expenses for the three months ended March 31, 2026 increased by $10.5 million or 8.5%, to $134.1 million compared to $123.5 million for the three months ended March 31, 2025. This increase was primarily due to an increase of approximately $10.4 million in salaries and related p…

• ecosystem, and $1.6 million in professional services, partially offset by a decrease of $2.2 million related to timing of marketing campaigns and $1.6 million in stock-based compensation driven by forfeitures of unvested equity awards and the completion of vesting of certain equity awards.

• Research and development costs for the three months ended March 31, 2026 increased by $10.7 million or 15.4%, to $80.0 million compared to $69.3 million for the three months ended March 31, 2025. This increase was primarily due to an increase of approximately $4.8 million in salaries and related per…

Text added vs the prior filing · source: 10-Q · 2026-08-05

• Our management, including our Co-Chief Executive Officers and Chief Financial Officer, believes that our disclosure controls and procedures and internal control over financial reporting are designed to provide reasonable assurance of

• achieving their objectives and are effective at the reasonable assurance level. However, the effectiveness of any internal control over financial reporting is subject to inherent limitations, including the exercise of judgment in designing, implementing, operating, and evaluating the controls and pr…

Text removed vs the prior filing · source: 10-Q · 2026-05-05

• Our management, including our Co-Chief Executive Officers and Chief Financial Officer, believes that our disclosure controls and procedures and internal control over financial reporting are designed to provide reasonable assurance of achieving their objectives and are effective at the reasonable ass…

Text added vs the prior filing · source: 10-Q · 2026-08-05

• attract new personnel or fail to retain and motivate our current personnel, it could adversely affect our business and future growth prospects.

• or support services, or negative publicity related to our customer relationships, could impair our ability to expand the subscriptions within our customer base or adversely affect our customers’ renewal of existing subscriptions.

• personnel and effectively focus on and pursue our corporate objectives. Any failure to preserve our culture or core values could negatively affect our future success.

• The preparation of our financial statements in conformity with GAAP requires management to make judgments, estimates, and assumptions that affect the amounts reported in our consolidated financial statements and accompanying notes. We base our estimates on historical experience and on various other …

• reporting, we have expended, and anticipate that we will continue to expend, significant resources, including accounting-related costs and significant management oversight.

Text removed vs the prior filing · source: 10-Q · 2026-05-05

• The preparation of our financial statements in conformity with GAAP requires management to make judgments, estimates, and assumptions that affect the amounts reported in our consolidated financial statements and accompanying notes. We base our estimates on historical experience and on various other …

• under the circumstances; however, by their nature, these estimates and assumptions are subject to an inherent degree of uncertainty and actual results could differ significantly from our estimates. The results of these estimates form the basis for making judgments about the carrying values of assets…

• Our current controls and any new controls that we develop may become inadequate because of changes in conditions in our business. In addition, internal control over financial reporting is subject to inherent limitations, including the possibility of human error, the circumvention or overriding of co…

• minimum tax (commonly referred to as Pillar Two), which could increase our tax obligations in countries where we do business or cause us to change the way we operate our business.

• We have funded our operations since inception primarily through equity financings and cash generated from our operations through sales of subscriptions to our platform. We cannot be certain when, or if, our operations will generate sufficient cash to fully fund our ongoing operations or the growth o…

Text added vs the prior filing · source: 10-Q · 2026-08-05

• Landon EdmondChief Legal Officer, General Counsel, and SecretaryJune 1, 2026August 31, 2026253,813August 31, 2027

• No other directors or officers (as defined in Rule 16a-1(f) under the Exchange Act) adopted, modified, and/or terminated a “Rule 10b5-1 trading arrangement” or a “non-Rule 10b5-1 trading arrangement,” as defined in Regulation S-K Item 408, during the three months ended June 30, 2026.

Text removed vs the prior filing · source: 10-Q · 2026-05-05

• No other directors or officers (as defined in Rule 16a-1(f) under the Exchange Act) adopted, modified, and/or terminated a “Rule 10b5-1 trading arrangement” or a “non-Rule 10b5-1 trading arrangement,” as defined in Regulation S-K Item 408, during the three months ended March 31, 2026.