Twilio Inc. is a cloud communications platform-as-a-service (CPaaS) company based in San Francisco, California. The company provides programmable application programming interfaces (APIs) that allow software developers to integrate voice, messaging, and video communications into their applications. Twilio's platform is widely used by businesses globally to facilitate customer engagement, marketing, and customer service interactions.
Financial Statements
In thousands, USD
FY 2025
FY 2024
FY 2023
FY 2022
Total Revenues
5,067,220
4,458,036
4,153,945
3,826,321
Cost of Sales
2,588,486
2,179,824
2,110,015
2,012,744
Gross Profit
2,478,734
2,278,212
2,043,930
1,813,577
Selling, General & Administrative Expenses
1,283,894
1,309,900
1,491,444
1,765,446
Research & Development Expenses
1,020,159
1,008,747
942,790
1,079,081
Other Operating Expenses
16,879
13,273
486,237
174,358
Operating Profit
157,802
(53,708)
(876,541)
(1,205,308)
Non-Operating Income
(102,708)
(34,905)
(120,188)
(38,324)
Total Non-Operating Income
(102,708)
(34,905)
(120,188)
(38,324)
Income Before Provision for Income Taxes
55,094
(88,613)
(996,729)
(1,243,632)
Provision for Income Taxes
21,260
20,790
18,712
12,513
Consolidated Net Income
33,834
(109,403)
(1,015,441)
(1,256,145)
Net Income Attributable to Common Shareholders
33,834
(109,403)
(1,015,441)
(1,256,145)
Basic EPS
0.22
-0.66
-5.54
-6.86
Diluted EPS
0.21
-0.66
-5.54
-6.86
Basic Weighted Average Shares Outstanding
152,986
165,925
183,328
182,994
Diluted Weighted Average Shares Outstanding
159,789
165,925
183,328
182,994
Shares Outstanding
152,411
152,611
181,946
185,976
FY 2025
FY 2024
FY 2023
FY 2022
Cash and Cash Equivalents
682,335
421,297
655,931
651,752
Short-Term Investments
1,788,007
1,963,102
3,356,064
3,503,317
Total Cash and Cash Equivalents
2,470,342
2,384,399
4,011,995
4,155,069
Accounts Receivable
636,736
588,540
562,773
547,507
Total Trade Receivables
636,736
588,540
562,773
547,507
Other Current Assets
469,650
474,360
329,204
281,510
Total Current Assets
3,576,728
3,447,299
4,903,972
4,984,086
Net Property, Plant & Equipment
215,994
244,447
283,598
385,320
Net Intangible Assets
142,065
238,503
350,490
849,935
Goodwill
5,291,787
5,243,266
5,243,266
5,284,153
Long-Term Investments
301,642
485,835
593,582
699,911
Other Long-Term Assets
242,674
206,122
234,799
360,899
Total Assets
9,770,890
9,865,472
11,609,707
12,564,304
Accounts Payable
85,089
100,169
119,615
124,605
Accrued Expenses
608,119
530,686
424,311
490,221
Current Portion of Leases
35,123
33,685
49,872
54,222
Unearned Revenue
158,677
155,680
144,499
139,110
Total Current Liabilities
887,008
820,220
738,297
808,158
Long-Term Debt
992,287
990,587
988,953
987,382
Leases
54,162
85,875
120,770
185,841
Other Long-Term Liabilities
15,887
15,824
29,135
23,881
Total Long-Term Liabilities
1,062,336
1,092,286
1,138,858
1,197,104
Total Liabilities
1,949,344
1,912,506
1,877,155
2,005,262
Common Stock
152
153
182
186
Additional Paid-in Capital
16,148,190
15,476,124
14,797,723
14,055,853
Accumulated Other Comprehensive Income
15,668
(1,301)
619
(121,161)
Retained Earnings
(8,342,464)
(7,522,010)
(5,065,972)
(3,375,836)
Total Common Shareholders' Equity
7,821,546
7,952,966
9,732,552
10,559,042
Total Shareholders' Equity
7,821,546
7,952,966
9,732,552
10,559,042
Total Liabilities and Shareholders' Equity
9,770,890
9,865,472
11,609,707
12,564,304
FY 2025
FY 2024
FY 2023
FY 2022
Net Income
33,834
(109,403)
(1,015,441)
(1,256,145)
Depreciation & Amortization
195,444
205,984
284,413
279,127
Share-Based Compensation Expense
600,407
616,607
675,857
798,560
Other Adjustments
287,427
237,194
700,568
320,733
Changes in Trade Receivables
(55,067)
(61,160)
(85,093)
(194,655)
Changes in Accounts Payable
(14,973)
(20,256)
12,370
30,336
Changes in Accrued Expenses
102,652
87,434
(51,816)
75,430
Changes in Unearned Revenue
2,038
11,181
5,371
(2,688)
Changes in Other Operating Activities
(148,518)
(251,340)
(111,477)
(305,066)
Cash from Operating Activities
1,003,244
716,241
414,752
(254,368)
Capital Expenditure
(5,848)
(6,978)
(11,310)
(34,421)
Purchases of Intangible Assets
(51,969)
(51,808)
(39,925)
(45,761)
Purchases of Investments
(1,050,858)
(923,863)
(1,953,003)
(1,938,337)
Proceeds from Sale of Investments
1,251,119
2,353,486
2,200,417
1,439,477
Payments for Business Acquisitions
(61,496)
—
(5,770)
(37,410)
Proceeds from Business Divestments
—
—
38,194
—
Cash from Investing Activities
80,948
1,370,837
228,603
(616,452)
Repayments of Long-Term Debt
(5,306)
(12,558)
(16,134)
(13,423)
Net Issuance / (Repayments) of Long-Term Debt
(5,306)
(12,558)
(16,134)
(13,423)
Issuance of Common Shares
41,363
37,386
43,840
59,563
Repurchases of Common Shares
(868,939)
(2,334,400)
(668,751)
—
Net Issuance / (Repurchases) of Common Shares
(827,576)
(2,297,014)
(624,911)
59,563
Other Financing Activities
(213)
(2,000)
(2,565)
(1,133)
Cash from Financing Activities
(833,095)
(2,311,572)
(643,610)
45,007
Effect of Exchange Rate Changes on Cash and Cash Equivalents
108
—
—
60
Increase / (Decrease) in Cash, Cash Equivalents and Restricted Cash