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  "documentTitle": "2025 Investor Day",
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  "notes": "Includes footnotes regarding FY25 guidance, share price basis, and non-GAAP definitions.",
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      "text": "Leverage across OpEx",
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      "text": "Non-GAAP operating margin target: 12.3% (FY25E) to 15-17% (FY28 exit)",
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      "text": "Represents rounded midpoint of fiscal year 2025 guidance provided on August 5, 2025. Charts are illustrative and not to scale. Target based on Klaviyo's share price as of September 1, 2025. All metrics shown, other than net dilution, are non-GAAP metrics.",
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      "text": "FY26 to FY28 financial framework",
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