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      "text": "2025 © Klaviyo",
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      "text": "Three Months Ended December 31,\n2024\n2023\nSelling and marketing\n$ 117,832 $ 102,524\nStock-based compensation\n(10,929)\n(11,813)\nEmployer payroll tax on employee stock transactions\n(705)\n(232)\nAmortization of prepaid marketing\n(13,224)\n(13,225)\nNon-GAAP Selling and marketing\n$ 92,974 $ 77,254\nResearch and development\n$ 70,858 $ 52,635\nStock-based compensation\n(13,014)\n(14,542)\nEmployer payroll tax on employee stock transactions\n(923)\n(277)\nNon-GAAP Research and development\n$ 56,921 $ 37,816\nGeneral and administrative\n$ 44,390 $ 37,776\nStock-based compensation\n(8,694)\n(9,099)\nEmployer payroll tax on employee stock transactions\n(165)\n(178)\nNon-GAAP General and administrative\n$ 35,531 $ 28,499\nTotal operating expenses\n$ 233,080 $ 192,935\nStock-based compensation\n(32,637)\n(35,454)\nEmployer payroll tax on employee stock transactions\n(1,793)\n(687)\nAmortization of prepaid marketing\n(13,224)\n(13,225)\nNon-GAAP Total operating expenses\n$ 185,426 $ 143,569",
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