TWLO
$292.46+0.58%
as of close, Sep 30, 2026
☾ AH $292.46 +0.58%
Twilio Inc.Stock · TechnologyRussell 1000 0.04%US Stock Market 0.04%Russell 3000 0.04%MSCI World 0.03%MSCI ACWI 0.03%
TWLO financial statements
The full income statement, balance sheet, and cash-flow statement for Twilio Inc. (TWLO), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 160.6M2024-09 153.4M2024-12 152.6M2025-03 152.7M2025-06 153.4M2025-09 151.6M2025-12 151.5M2026-03 151.8M2026-06 153.6M-4.4% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 5.07B+13.7% | 4.46B+7.3% | 4.15B+8.6% | 3.83B+34.6% | 2.84B+61.3% | |
| 2.48B+8.8% | 2.28B+11.5% | 2.04B+12.7% | 1.81B+30.4% | 1.39B+51.9% | ||
| Cost of revenue | 2.59B+18.7% | 2.18B+3.3% | 2.11B+4.8% | 2.01B+38.7% | 1.45B+71.5% | |
| 2.32B-0.5% | 2.33B-20.2% | 2.92B-3.3% | 3.02B+30.9% | 2.31B+63.7% | ||
| Research & development | 1.02B+1.1% | 1.01B+7.0% | 943M-12.6% | 1.08B+36.7% | 789M+48.8% | |
| Selling, general & administrative | 411M-8.6% | 449M-4.1% | 468M-9.5% | 517M+9.5% | 472M+52.1% | |
| General & administrative | 411M-8.6% | 449M-4.1% | 468M-9.5% | 517M+9.5% | 472M+52.1% | |
| Selling & marketing | 873M+1.4% | 861M-15.9% | 1.02B-18.0% | 1.25B+19.5% | 1.04B+84.1% | |
| Restructuring | 15.0M+13.2% | 13.3M-92.0% | 166M+116.3% | 76.6M | 0.00 | |
| Amortization of intangibles | 108M-3.3% | 112M-41.8% | 193M-6.7% | 206M+3.8% | 199M+101.6% | |
| Provision for credit losses | 8.23M-76.7% | 35.4M-31.8% | 51.9M+48.1% | 35.0M+385.6% | 7.21M-45.5% | |
| Operating income | 158M+393.8% | -53.7M+93.9% | -877M+27.3% | -1.21B-31.6% | -916M-85.8% | |
| Interest & investment income | 70.6M-21.7% | 90.2M+16.1% | 77.7M+20.3% | 64.6M+16.0% | 55.7M+71.9% | |
| Other non-operating income | 79.1M-3.2% | 81.8M+70.9% | 47.9M+1690.7% | -3.01M+93.4% | -45.3M-293.4% | |
| Equity-method income | -101M+6.7% | -108M+11.0% | -122M-245.2% | -35.3M | 0.00 | |
| Gain (loss) on equity securities | 1.02M+160.4% | -1.68M+79.1% | -8.04M | 0.00 | 0.00 | |
| Pre-tax income | 55.1M+162.2% | -88.6M+91.1% | -997M+19.9% | -1.24B-29.4% | -961M-90.5% | |
| Income tax | 21.3M+2.3% | 20.8M+11.1% | 18.7M+49.5% | 12.5M+213.5% | -11.0M+18.0% | |
| 33.8M+130.9% | -109M+89.2% | -1.02B+19.2% | -1.26B-32.2% | -950M-93.5% | ||
| Net income to common | — | — | — | -1.26B-32.2% | -950M-93.5% | |
| $0.21+131.8% | -$0.66+88.1% | -$5.54+19.2% | -$6.86-25.9% | -$5.45-62.7% | ||
| EPS (basic) | $0.22+133.3% | -$0.66+88.1% | -$5.54+19.2% | -$6.86-25.9% | -$5.45-62.7% | |
| Weighted-avg shares (basic) | 153M-7.8% | 166M-9.5% | 183M+0.2% | 183M+5.1% | 174M+18.7% | |
| Weighted-avg shares (diluted) | 160M-3.7% | 166M-9.5% | 183M+0.2% | 183M+5.1% | 174M+18.7% | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 3.58B+3.8% | 3.45B-29.7% | 4.90B-1.6% | 4.98B-16.0% | 5.93B+75.9% | ||
| Cash & equivalents | 682M+62.0% | 421M-35.8% | 656M+0.6% | 652M-55.9% | 1.48B+58.4% | |
| Accounts receivable | 637M+8.2% | 589M+4.6% | 563M+2.8% | 548M+41.0% | 388M+54.6% | |
| Prepaid expenses | 470M-1.0% | 474M+44.1% | 329M+16.9% | 282M+51.2% | 186M+128.7% | |
| Other current assets | 162M+15.6% | 140M+6.1% | 132M | — | — | |
| 9.77B-1.0% | 9.87B-15.0% | 11.6B-7.6% | 12.6B-3.3% | 13.0B+37.0% | ||
| Operating lease right-of-use | 39.0M-26.9% | 53.4M-27.8% | 74.0M-39.0% | 121M-48.3% | 235M-9.3% | |
| Goodwill | 5.29B+0.9% | 5.24B+0.0% | 5.24B-0.8% | 5.28B+0.4% | 5.26B+14.5% | |
| Intangible assets | 142M-40.4% | 239M-32.0% | 350M-58.8% | 850M-19.1% | 1.05B+8.6% | |
| Deferred tax assets | 20.0M | — | — | — | — | |
| Other non-current assets | 223M+8.0% | 206M-12.2% | 235M-34.9% | 361M+37.1% | 263M+136.6% | |
| 887M+8.1% | 820M+11.1% | 738M-8.6% | 808M+14.9% | 704M+56.9% | ||
| Accounts payable | 85.1M-15.1% | 100M-16.3% | 120M-4.0% | 125M+33.5% | 93.3M+55.4% | |
| Deferred revenue | 159M+1.9% | 156M+7.7% | 144M+3.9% | 139M-0.9% | 140M+61.3% | |
| Current lease liability | 35.1M+4.3% | 33.7M-32.5% | 49.9M-8.0% | 54.2M+3.6% | 52.3M+8.2% | |
| Finance lease liability (current) | — | — | 8.49M-28.5% | 11.9M-4.0% | 12.4M+36.5% | |
| 1.95B+1.9% | 1.91B+1.9% | 1.88B-6.4% | 2.01B+1.9% | 1.97B+90.1% | ||
| Long-term debt | 992M+0.2% | 991M+0.2% | 989M+0.2% | 987M+0.1% | 986M+226.4% | |
| Non-current lease liability | 54.2M-36.9% | 85.9M-28.9% | 121M-26.6% | 165M-22.1% | 211M-8.1% | |
| Operating lease liability (total) | 89.3M-25.3% | 120M-29.9% | 171M-22.0% | 219M-17.0% | 264M-5.3% | |
| Finance lease liability | — | — | 9.19M-56.8% | 21.3M-15.3% | 25.1M+40.7% | |
| Other non-current liabilities | 15.9M+0.4% | 15.8M-45.7% | 29.1M+22.0% | 23.9M-42.2% | 41.3M+12.7% | |
| 7.82B-1.7% | 7.95B-18.3% | 9.73B-7.8% | 10.6B-4.3% | 11.0B+30.5% | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock | 152K-0.7% | 153K-15.9% | 182K-2.2% | 186K+3.3% | 180K+9.8% | |
| Additional paid-in capital | 16.1B+4.3% | 15.5B+4.6% | 14.8B+5.3% | 14.1B+6.7% | 13.2B+37.0% | |
| Retained earnings | -8.34B-10.9% | -7.52B-48.5% | -5.07B-50.1% | -3.38B-59.3% | -2.12B-81.2% | |
| Accumulated other comprehensive income | 15.7M+1304.3% | -1.30M-310.2% | 619K+100.5% | -121M-567.9% | -18.1M-300.5% | |
| Total liabilities & equity | 9.77B-1.0% | 9.87B-15.0% | 11.6B-7.6% | 12.6B-3.3% | 13.0B+37.0% | |
| Common shares issued | 152M-0.1% | 153M-16.1% | 182M-2.2% | 186M+3.1% | 180M+10.0% | |
| Common shares outstanding | 152M-0.1% | 153M-16.1% | 182M-2.2% | 186M+3.1% | 180M+10.0% | |
| Shares outstanding (cover) | 152M-0.7% | 153M | — | — | — | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 1.00B+40.1% | 716M+72.7% | 415M+263.1% | -254M-337.1% | -58.2M-278.2% | ||
| Depreciation & amortization | 195M-5.1% | 206M-27.6% | 284M+1.9% | 279M+8.0% | 258M+72.6% | |
| Intangible amortization | 108M-3.3% | 112M-41.8% | 193M-6.7% | 206M+3.8% | 199M+101.6% | |
| Share-based compensation | 600M-2.6% | 617M-8.8% | 676M-15.4% | 799M+26.3% | 632M+75.2% | |
| Deferred income taxes | -1.29M+35.0% | -1.98M+88.2% | -16.7M-29.1% | -13.0M+34.7% | -19.8M-4.8% | |
| Change in receivables | 55.1M-10.0% | 61.2M-28.1% | 85.1M-56.3% | 195M+65.0% | 118M+45.1% | |
| Change in payables | -15.0M+26.1% | -20.3M-263.8% | 12.4M-59.2% | 30.3M+197.7% | 10.2M+1.3% | |
| Other operating activities | 4.18M-16.5% | 5.01M-65.9% | 14.7M+199.1% | 4.91M+110.6% | 2.33M-65.9% | |
| 80.9M-94.1% | 1.37B+499.7% | 229M+137.1% | -616M+75.2% | -2.49B-194.4% | ||
| Capital expenditure | 5.85M-16.2% | 6.98M-38.3% | 11.3M-67.1% | 34.4M-25.2% | 46.0M+78.4% | |
| Free cash flow | 997M+40.6% | 709M+75.8% | 403M+239.7% | -289M-177.0% | -104M-1622.0% | |
| Acquisitions | 61.5M | 0.00-100.0% | 5.77M-84.6% | 37.4M-92.4% | 492M+47.3% | |
| Purchases of investments | 1.05B+13.7% | 924M-52.7% | 1.95B+0.8% | 1.94B-45.0% | 3.52B+115.3% | |
| Sales/maturities of investments | 1.25B-46.8% | 2.35B+7.0% | 2.20B+52.9% | 1.44B-10.9% | 1.61B+36.4% | |
| -833M+64.0% | -2.31B-259.2% | -644M-1530.0% | 45.0M-98.5% | 3.10B+107.3% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00-100.0% | 985M | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 869M-62.8% | 2.33B+249.1% | 669M | 0.00 | 0.00 | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| FX effect on cash | 0.00 | 0.00-100.0% | 108K+80.0% | 60.0K+131.4% | -191K-577.5% | |
| Net change in cash | 251M+211.9% | -224M-152617.0% | -147K+100.0% | -826M-250.7% | 548M-19.4% | |
| Interest paid | 37.6M-0.9% | 37.9M-1.3% | 38.4M+2.4% | 37.5M+81.7% | 20.6M | |
| Income taxes paid | 17.7M-51.5% | 36.5M-3.4% | 37.8M+410.2% | 7.41M+20.6% | 6.15M+98.8% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 21.6B+30.6% | 16.5B+20.1% | 13.7B+52.7% | 8.99B-81.1% | 47.5B-14.4% | |
| P/E | 637.0× | — | — | — | — | |
| P/S | 4.3×+14.9% | 3.7×+10.5% | 3.3×+35.7% | 2.5×-85.2% | 16.7×-46.9% | |
| P/B | 2.8×+32.8% | 2.1×+50.7% | 1.4×+61.2% | 0.9×-80.2% | 4.3×-34.4% | |
| P/FCF | 21.6×-7.1% | 23.3× | — | — | — | |
| Earnings yield | 0.16% | — | — | — | — | |
| FCF yield | 4.6%+7.6% | 4.3% | — | — | — | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: TWLO’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all TWLO filings on SEC EDGAR → Not investment advice.