TWILIO INC Goodwill & Intangibles Disclosure
| Total | ||||||||
(In thousands) | ||||||||
Balance as of December 31, 2024 and 2023 | $ | 5,243,266 | ||||||
Goodwill additions related to 2025 acquisitions and other | 48,521 | |||||||
Balance as of December 31, 2025 | $ | 5,291,787 | ||||||
| As of December 31, 2025 | ||||||||||||||||||||
| Cost | Accumulated Amortization | Net | ||||||||||||||||||
| Amortizable intangible assets: | (In thousands) | |||||||||||||||||||
Developed technology | $ | 398,205 | $ | (359,450) | $ | 38,755 | ||||||||||||||
Customer relationships | 350,283 | (260,216) | 90,067 | |||||||||||||||||
| Supplier relationships | 49,756 | (44,443) | 5,313 | |||||||||||||||||
| Trade names | 25,968 | (25,928) | 40 | |||||||||||||||||
| Patent | 3,968 | (1,293) | 2,675 | |||||||||||||||||
| Total amortizable intangible assets | 828,180 | (691,330) | 136,850 | |||||||||||||||||
| Non-amortizable intangible assets: | ||||||||||||||||||||
| Telecommunication licenses | 4,920 | — | 4,920 | |||||||||||||||||
| Trademarks and other | 295 | — | 295 | |||||||||||||||||
| Total | $ | 833,395 | $ | (691,330) | $ | 142,065 | ||||||||||||||
| As of December 31, 2024 | ||||||||||||||||||||
| Cost | Accumulated Amortization | Net | ||||||||||||||||||
| Amortizable intangible assets: | (In thousands) | |||||||||||||||||||
| Developed technology | $ | 388,341 | $ | (306,063) | $ | 82,278 | ||||||||||||||
| Customer relationships | 348,314 | (215,523) | 132,791 | |||||||||||||||||
| Supplier relationships | 49,756 | (35,363) | 14,393 | |||||||||||||||||
| Trade names | 25,968 | (25,014) | 954 | |||||||||||||||||
| Patent | 3,968 | (1,096) | 2,872 | |||||||||||||||||
| Total amortizable intangible assets | 816,347 | (583,059) | 233,288 | |||||||||||||||||
| Non-amortizable intangible assets: | ||||||||||||||||||||
| Telecommunication licenses | 4,920 | — | 4,920 | |||||||||||||||||
| Trademarks and other | 295 | — | 295 | |||||||||||||||||
| Total | $ | 821,562 | $ | (583,059) | $ | 238,503 | ||||||||||||||
| As of December 31, 2025 | ||||||||
| Year Ended December 31, | (In thousands) | |||||||
| 2026 | $ | 44,615 | ||||||
| 2027 | 27,796 | |||||||
| 2028 | 21,520 | |||||||
| 2029 | 17,353 | |||||||
| 2030 | 16,614 | |||||||
| Thereafter | 8,952 | |||||||
| Total | $ | 136,850 | ||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Feb 24, 2026 | Showing above |
| 2024 | Feb 26, 2025 | |
| 2023 | Feb 27, 2024 | |
| 2022 | Feb 27, 2023 | |
| 2021 | Feb 22, 2022 | |
| 2020 | Feb 26, 2021 | |
| 2019 | Mar 2, 2020 | |
| 2018 | Mar 1, 2019 | |
| 2017 | Mar 1, 2018 | |
| 2016 | Feb 22, 2017 | |
About Goodwill & Intangibles Disclosures
Goodwill and intangible asset disclosures reveal the premium paid in acquisitions and how management assesses whether that premium retains its value. Since goodwill is no longer amortized under US GAAP, the annual impairment test is the only mechanism that adjusts carrying values downward — making the assumptions behind that test critically important for investors.
Key signals: a history of goodwill impairments suggests management consistently overpays for acquisitions. Watch the gap between reporting unit fair value and carrying amount — when fair value exceeds carrying amount by less than 10-20%, a small decline in business performance could trigger a write-down. For finite-lived intangibles, examine useful life assumptions across customer relationships, technology, and trade names; aggressive estimates inflate near-term earnings. Compare total intangibles-to-total-assets ratios against peers to assess acquisition dependency. Rising goodwill as a percentage of equity can signal balance sheet fragility.