TWILIO INC

Listed Company

TWLOCIK 0001447669NYSELarge AcceleratedServices-Prepackaged SoftwareDelawareFY ends Dec 31

Period

FY 2025

Revenue

$5.07B

Net Income

$33.83M

Total Assets

$9.77B

Equity

$7.82B

Shares Out

151.51M

Op. Cash Flow

$1.00B

Business

Twilio Inc. provides a cloud-based customer engagement platform that enables developers and businesses to embed real-time communications and leverage contextual data and AI to personalize customer interactions. It offers communications APIs and software products including messaging, voice, email (and marketing campaigns), a digital engagement center (Flex), user authentication and identity solutions, and the Segment customer data platform. The company organizes operations into two reportable segments—Communications (APIs and communications software) and Segment (customer data platform). Its products are distributed globally through self-service, direct enterprise sales, and partner-led channels.

Summary from filing dated 2025-02-26

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Revenue	5,067	4,458	4,154	3,826	2,842
Cost of revenue	2,588	2,180	2,110	2,013	1,451
Gross profit	2,479	2,278	2,044	1,814	1,391
Research and development	1,020	1,009	943	1,079	789
Sales and marketing	873	861	1,023	1,248	1,045
General and administrative	411	449	468	517	472
Restructuring costs	15	13	166	77	0
Impairment of long-lived assets	2	0	321	98	0
Total operating expenses	2,321	2,332	2,920	3,019	2,306
Income (loss) from operations	158	−54	−877	−1,205	−916
Share of losses from equity method investment	−101	−108	−122	−35	0
Impairment of equity method investment	−81	0	0	—	—
Impairment of strategic investments	0	−8	−46	0	0
Other income, net	79	82	48	−3	−45
Total other expenses, net	−103	−35	−120	−38	−45
Income (loss) before provision for income taxes	55	−89	−997	−1,244	−961
Provision for income taxes	−21	−21	−19	−13	11
Net income (loss) attributable to common stockholders	34	−109	−1,015	−1,256	−950
Basic (in dollars per share)	0.22	−0.66	−5.54	−6.86	−5.45
Diluted (in dollars per share)	0.21	−0.66	−5.54	−6.86	−5.45
Basic (in shares)	153	166	183	183	174
Diluted (in shares)	160	166	183	183	174

Consolidated Balance Sheet

As of · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Cash and cash equivalents	682	421	656	652	1,479
Short-term marketable securities	1,788	1,963	3,356	3,503	3,878
Accounts receivable, net	637	589	563	548	388
Prepaid expenses and other current assets	470	474	329	282	186
Total current assets	3,577	3,447	4,904	4,984	5,932
Property and equipment, net	177	191	210	264	255
Operating right-of-use assets	39	53	74	121	235
Equity method investment	302	486	594	700	0
Intangible assets, net	142	239	350	850	1,050
Goodwill	5,292	5,243	5,243	5,284	5,263
Other long-term assets	243	206	235	361	263
Total assets	9,771	9,865	11,610	12,564	12,999
Accounts payable	85	100	120	125	93
Accrued expenses and other current liabilities	608	531	424	490	418
Deferred revenue and customer deposits	159	156	144	139	140
Operating lease liability, current	35	34	50	54	52
Total current liabilities	887	820	738	808	704
Operating lease liability, noncurrent	54	86	121	165	211
Long-term debt, net	992	991	989	987	986
Other long-term liabilities	16	16	29	24	41
Total liabilities	1,949	1,913	1,877	2,005	1,967
Commitments and contingencies (Note 18)	—	—	—	—	—
Preferred stock, $0.001 par value, 100,000,000 shares authorized, none issued	0	0	0	0	0
Class A common stock	152,000	153,000	182,000	186,000	180,000
Additional paid-in capital	16,148	15,476	14,798	14,056	13,169
Accumulated other comprehensive income (loss)	16	−1	619,000	−121	−18
Accumulated deficit	−8,342	−7,522	−5,066	−3,376	−2,120
Total stockholders equity	7,822	7,953	9,733	10,559	11,031
Total liabilities and stockholders equity	9,771	9,865	11,610	12,564	12,999

Consolidated Statement of Cash Flows

Year Ended · In millions, except per-share amounts

Concept	FY 2025 2025-12-31	FY 2024 2024-12-31	FY 2023 2023-12-31	FY 2022 2022-12-31	FY 2021 2021-12-31
Net income (loss)	34	−109	−1,015	−1,256	−950
Depreciation and amortization	195	206	284	279	258
Non-cash reduction to the right-of-use asset	22	19	27	47	49
Net amortization of investment premium and discount	−14	−23	−44,000	33	36
Stock-based compensation	600	617	676	799	632
Amortization of deferred commissions	75	76	73	58	32
Realized and unrealized (gains) losses on equity securities	−1	2	8	0	0
Provision for doubtful accounts	8	35	52	35	7
Value of shares of Class A common stock issued and donated to charity	10	6	5	10	31
Loss on net assets divested	0	0	32	0	0
Other adjustments	4	5	15	5	2
Accounts receivable	−55	−61	−85	−195	−118
Prepaid expenses and other current assets	11	−153	−56	−94	−78
Other long-term assets	−122	−47	−2	−146	−121
Accounts payable	−15	−20	12	30	10
Accrued expenses and other current liabilities	103	87	−52	75	128
Deferred revenue and customer deposits	2	11	5	−3	46
Operating lease liabilities	−36	−49	−56	−54	−49
Other long-term liabilities	−1	−2	3	−10	−2
Net cash provided by operating activities	1,003	716	415	−254	−58
Acquisitions, net of cash acquired and payments related to prior period acquisitions	−61	0	−6	−37	−492
Divestitures, net of cash divested	0	0	38	0	0
Purchases of marketable securities and other investments	−1,051	−924	−1,953	−1,938	−3,523
Proceeds from sales and maturities of marketable securities and other investments	1,251	2,353	2,200	—	—
Capitalized software development costs	−52	−52	−40	−46	−44
Purchases of long-lived and intangible assets	−6	−7	−11	−34	−46
Net cash provided by investing activities	81	1,371	229	−616	−2,490
Principal payments on finance leases	−5	−13	−16	−13	−8
Value of equity awards withheld for tax liabilities	−213,000	−2	−3	−1	−10
Repurchases of shares of Class A common stock and related costs	−869	−2,334	−669	0	0
Proceeds from exercises of stock options and shares of Class A common stock issued under ESPP	41	37	44	60	136
Net cash used in financing activities	−833	−2,312	−644	45	3,096
Effect of exchange rate changes on cash, cash equivalents and restricted cash	0	0	108,000	60,000	−191,000
NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH	251	−224	−147,000	−826	548
Cash paid for income taxes, net	18	37	38	7	6
Cash paid for interest	38	38	38	38	21

Filings

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