Twilio Inc. (TWLO) Financials
A multiple compares the market's price with a filed figure; it says what the market pays, not how the business is doing. The market capitalization is the vendor's as of Oct 13, 2026; every other figure is from the SEC filings on this page. Not financial advice.
Newest figures come from the 10-Q for Q2 FY2026, filed Aug 7, 2026. Each column of the statement tables below links to the filing it was taken from, and every filing is listed on the TWLO SEC filings page.
Twilio Inc. (TWLO) reported $5.6B in revenue over the twelve months to Jun 30, 2026, up 17.8% from the prior twelve months. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 12 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Twilio moved from years of losses to positive operating profit, while cash generation now materially exceeds reported net income.
In FY2025, operating cash flow reached$1.0B , nearly 30x net income of$34M , after cash flow had already turned positive in FY2023. That divergence means the income statement understates cash produced in the year, making cash conversion a more informative operating signal than reported profitability alone.
Revenue grew
Assets fell from
Financial Health Signals
Scored against operating companies for FY2025. Each of the six dimensions is a percentile rank within that peer group; the overall is their average, with missing dimensions counted as zero out of six. A high score means strong standing among peers, not absolute cross-industry strength. How this score is calculated →
Health score ≠ stock price. This rates the quality of Twilio Inc.'s business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.
Twilio Inc. has an operating margin of 3.1%, meaning the company retains $3 of operating profit per $100 of revenue. This results in a moderate score of 30/100, indicating healthy but not exceptional operating efficiency. This is up from -1.2% the prior year.
Twilio Inc.'s revenue grew 13.7% year-over-year to $5.1B, a solid pace of expansion. This earns a growth score of 66/100.
Twilio Inc. has a moderate D/E ratio of 0.13. This balance of debt and equity financing earns a leverage score of 50/100.
With a current ratio of 4.03, Twilio Inc. holds $4.03 in current assets for every $1 of short-term obligations. This comfortable liquidity earns a score of 88/100.
Not available for Twilio Inc., and counted as zero in the overall score.
Twilio Inc.'s ROE of 0.4% shows moderate profitability relative to equity, earning a score of 32/100. This is up from -1.4% the prior year.
Twilio Inc. scores 13.02, well above the 2.99 safe threshold. The score is driven primarily by a large market capitalization ($43.2B) relative to total liabilities ($1.9B). This indicates low bankruptcy risk based on profitability, leverage, and asset efficiency.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Twilio Inc. passes 6 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, 1 of 2 efficiency signals pass.
Twilio Inc. reported $34.0M of net income while generating $1.0B in operating cash flow. The ratio between the two is outside the range this page publishes as a per-dollar figure, so both figures are given instead.
Key Financial Metrics
Earnings & Revenue
Twilio Inc. generated $1.5B in revenue in Q2 2026. This represents an increase of 22.0% from the same quarter a year earlier. Against the prior quarter it is up 6.6%.
Twilio Inc.'s EBITDA was $113.5M in Q2 2026, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 31.4% from the same quarter a year earlier. Against the prior quarter it is down 19.9%.
Twilio Inc. reported $1.1B in net income in Q2 2026. This represents an increase of 4659.4% from the same quarter a year earlier. Against the prior quarter it is up 1084.0%.
Twilio Inc. earned $6.68 per diluted share (EPS) in Q2 2026. This represents an increase of 4671.4% from the same quarter a year earlier. Against the prior quarter it is up 1071.9%.
Cash & Balance Sheet
Twilio Inc. held $823.3M in cash against $993.2M in long-term debt as of Q2 2026.
Not reported for Q2 2026.
Not reported for Q2 2026.
Margins & Returns
Twilio Inc.'s gross margin was 48.4% in Q2 2026, indicating the percentage of revenue retained after direct costs. This is down 0.7 percentage points from the same quarter a year earlier. Against the prior quarter it is down 0.2 percentage points.
Twilio Inc.'s operating margin was 5.6% in Q2 2026, reflecting core business profitability. This is up 2.6 percentage points from the same quarter a year earlier. Against the prior quarter it is down 2.0 percentage points.
Twilio Inc.'s net profit margin was 71.2% in Q2 2026, showing the share of revenue converted to profit. This is up 69.4 percentage points from the same quarter a year earlier. Against the prior quarter it is up 64.8 percentage points.
Twilio Inc.'s ROE was 11.9% in Q2 2026, measuring profit generated per dollar of shareholder equity. This is up 11.6 percentage points from the same quarter a year earlier. Against the prior quarter it is up 10.7 percentage points.
Capital Allocation
Twilio Inc. invested $273.3M in research and development in Q2 2026. This represents an increase of 12.2% from the same quarter a year earlier. Against the prior quarter it is up 4.3%.
Twilio Inc. spent $70.0M on share buybacks in Q2 2026, returning capital to shareholders by reducing shares outstanding. This represents a decrease of 64.5% from the same quarter a year earlier. Against the prior quarter it is down 72.3%.
Not reported for Q2 2026.
TWLO Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Revenue | $1.5B+22.0% | $1.4B+20.0% | $1.4B+14.3% | $1.3B+14.7% | $1.2B+13.5% | $1.2B+12.0% | $1.2B+11.0% | $1.1B+9.7% |
| Cost of Revenue | $773.2M+23.6% | $722.7M+22.3% | $703.6M+18.2% | $668.3M+20.4% | $625.7M+18.8% | $590.9M+17.5% | $595.1M+9.2% | $555.0M+7.3% |
| Gross Profit | $725.9M+20.4% | $684.2M+17.7% | $662.4M+10.4% | $632.1M+9.2% | $602.7M+8.4% | $581.6M+6.9% | $599.7M+12.9% | $578.6M+12.1% |
| R&D Expenses | $273.3M+12.2% | $262.2M+3.1% | $260.1M+6.6% | $262.3M+0.3% | $243.5M+0.3% | $254.3M-2.4% | $244.0M+3.5% | $261.5M+8.2% |
| SG&A Expenses | $118.4M+16.6% | $102.5M+11.4% | $108.9M-6.0% | $108.2M+1.6% | $101.5M-11.1% | $92.1M-18.2% | $115.8M+8.2% | $106.5M-6.7% |
| Operating Income | $84.5M+128.6% | $107.7M+366.5% | $56.8M+313.7% | $40.9M+936.7% | $37.0M+294.3% | $23.1M+153.1% | $13.7M+103.8% | -$4.9M+95.5% |
| EBITDA | $113.5M+31.4% | $141.8M+95.2% | $105.3M+63.0% | $88.9M+95.9% | $86.4M+166.1% | $72.6M+640.2% | $64.6M+121.9% | $45.4M+223.4% |
| Income Tax | -$991.7M-8978.9% | $12.1M+84.1% | $8.1M+843.4% | -$4.6M-175.1% | $11.2M+98.9% | $6.6M-35.5% | -$1.1M-118.9% | $6.1M+247.7% |
| Net Income | $1.1B+4659.4% | $90.1M+350.3% | -$45.7M-278.6% | $37.2M+483.0% | $22.4M+170.4% | $20.0M+136.2% | -$12.1M+96.7% | -$9.7M+93.1% |
| EPS (Basic) | $6.99+4560.0% | $0.59+353.8% | -$0.30-233.3% | $0.24+500.0% | $0.15+178.9% | $0.13+141.9% | -$0.09+95.5% | -$0.06+92.3% |
| EPS (Diluted) | $6.68+4671.4% | $0.57+375.0% | -$0.29-222.2% | $0.23+483.3% | $0.14+173.7% | $0.12+138.7% | -$0.09+95.5% | -$0.06+92.3% |
| Diluted Shares (Avg) | 160M0.0% | 158M-2.5% | N/A | 159M+0.1% | 160M-6.2% | 162M-10.6% | N/A | 159M-12.5% |
Not reported in any period shown, so not listed: Interest Expense.
TWLO Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Total Assets | $10.8B+10.1% | $9.6B-2.4% | $9.8B-1.0% | $9.7B-3.2% | $9.8B-6.3% | $9.8B-13.1% | $9.9B-15.0% | $10.0B-15.4% |
| Current Assets | $3.7B+6.1% | $3.4B-0.6% | $3.6B+3.8% | $3.5B-2.0% | $3.5B-10.9% | $3.5B-25.9% | $3.4B-29.7% | $3.5B-25.2% |
| Cash & Equivalents | $823.3M-15.1% | $542.0M+16.0% | $682.3M+62.0% | $734.8M+25.8% | $969.2M+28.4% | $467.1M-30.6% | $421.3M-35.8% | $584.0M-13.9% |
| Short-Term Investments | $1.8B+16.5% | $1.8B-8.9% | $1.8B-8.9% | $1.7B-18.5% | $1.6B-33.4% | $2.0B-37.2% | $2.0B-41.5% | $2.1B-33.5% |
| Accounts Receivable | $760.1M+29.3% | $710.5M+23.0% | $636.7M+8.2% | $613.1M+11.3% | $588.0M+9.4% | $577.6M+6.8% | $588.5M+4.6% | $550.9M-1.1% |
| Long-Term Investments | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Goodwill | $5.3B+0.9% | $5.3B+0.9% | $5.3B+0.9% | $5.2B0.0% | $5.2B0.0% | $5.2B0.0% | $5.2B0.0% | $5.2B0.0% |
| Total Liabilities | $1.9B+3.1% | $1.8B-1.0% | $1.9B+1.9% | $1.8B+0.5% | $1.8B-1.3% | $1.8B-1.7% | $1.9B+1.9% | $1.8B-3.7% |
| Current Liabilities | $810.7M+12.6% | $740.3M+2.0% | $887.0M+8.1% | $742.3M+5.9% | $720.1M+1.2% | $725.9M+1.6% | $820.2M+11.1% | $700.7M-3.5% |
| Non-Current Liabilities | $1.1B-3.2% | $1.1B-3.0% | $1.1B-2.7% | $1.1B-3.0% | $1.1B-2.9% | $1.1B-3.8% | $1.1B-4.1% | $1.1B-3.9% |
| Long-Term Debt | $993.2M+0.2% | $992.7M+0.2% | $992.3M+0.2% | $991.9M+0.2% | $991.4M+0.2% | $991.0M+0.2% | $990.6M+0.2% | $990.2M+0.2% |
| Total Equity | $9.0B+11.6% | $7.8B-2.8% | $7.8B-1.7% | $7.9B-4.1% | $8.0B-7.3% | $8.0B-15.3% | $8.0B-18.3% | $8.2B-17.5% |
| Retained Earnings | -$7.5B+3.6% | -$8.5B-11.5% | -$8.3B-10.9% | -$8.1B-14.1% | -$7.8B-20.8% | -$7.6B-38.5% | -$7.5B-48.5% | -$7.1B-54.9% |
Not reported in any period shown, so not listed: Inventory.
TWLO Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $372.4M+34.4% | $153.2M-19.8% | $271.6M+150.4% | $263.6M+29.0% | $277.1M+29.9% | $191.0M+0.5% | $108.4M-51.3% | $204.3M-1.0% |
| Depreciation & Amortization | $29.0M-41.3% | $34.2M-31.1% | $47.5M-4.6% | $48.0M-4.6% | $49.4M-4.1% | $49.6M-7.0% | $49.8M-23.9% | $50.3M-30.2% |
| Stock-Based Compensation | $141.9M-4.9% | $136.5M-2.0% | N/A | $158.2M+2.3% | $149.3M+1.1% | $139.3M-12.2% | N/A | $154.6M-16.7% |
| Investing Cash Flow | -$53.2M-113.2% | -$41.2M-115.2% | -$140.4M-208.8% | -$161.5M-160.4% | $402.0M-48.8% | -$19.1M-110.1% | $129.1M+194.1% | $267.4M+285.6% |
| Financing Cash Flow | -$37.9M+78.5% | -$252.6M-100.8% | -$183.4M+55.0% | -$348.0M+45.9% | -$175.9M+80.4% | -$125.8M+65.4% | -$407.8M-279.7% | -$642.8M-861.3% |
| Share Buybacks | $70.0M-64.5% | $253.0M+100.4% | $198.5M-52.8% | $347.2M-45.8% | $197.0M-78.5% | $126.3M-64.6% | $420.1M+250.4% | $640.6M+904.8% |
Not reported in any period shown, so not listed: Capital Expenditures, Free Cash Flow, Dividends Paid.
TWLO Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples. Each change compares the year with the year before it, and each quarter with the same quarter a year earlier.
| Metric | Q2'2610-Q | Q1'2610-Q | Q4'2510-Q | Q3'2510-Q | Q2'2510-Q | Q1'2510-Q | Q4'2410-K | Q3'2410-Q |
|---|---|---|---|---|---|---|---|---|
| Gross Margin | 48.4%-0.7pp | 48.6%-1.0pp | 48.5%-1.7pp | 48.6%-2.4pp | 49.1%-2.3pp | 49.6%-2.4pp | 50.2%+0.8pp | 51.0%+1.1pp |
| Operating Margin | 5.6%+2.6pp | 7.6%+5.7pp | 4.2%+3.0pp | 3.1%+3.6pp | 3.0%+4.8pp | 2.0%+6.1pp | 1.1%+34.8pp | -0.4%+10.1pp |
| Net Margin | 71.2%+69.4pp | 6.4%+4.7pp | -3.3%-2.3pp | 2.9%+3.7pp | 1.8%+4.8pp | 1.7%+7.0pp | -1.0%+32.9pp | -0.9%+12.8pp |
| Return on Equity | 11.9%+11.6pp | 1.2%+0.9pp | -0.6%-0.4pp | 0.5%+0.6pp | 0.3%+0.7pp | 0.3%+0.8pp | -0.2%+3.6pp | -0.1%+1.3pp |
| Return on Assets | 9.8%+9.6pp | 0.9%+0.7pp | -0.5%-0.4pp | 0.4%+0.5pp | 0.2%+0.5pp | 0.2%+0.7pp | -0.1%+3.0pp | -0.1%+1.1pp |
| Current Ratio | 4.62-0.3x | 4.66-0.1x | 4.03-0.2x | 4.68-0.4x | 4.90-0.7x | 4.78-1.8x | 4.20-2.4x | 5.06-1.5x |
| Debt-to-Equity | 0.110.0x | 0.130.0x | 0.130.0x | 0.130.0x | 0.120.0x | 0.120.0x | 0.120.0x | 0.120.0x |
| Asset Turnover | 0.140.0x | 0.150.0x | 0.140.0x | 0.130.0x | 0.120.0x | 0.120.0x | 0.120.0x | 0.110.0x |
Not reported in any period shown, so not listed: FCF Margin.
Similar Companies
Newest fiscal year on record for each company. The health score is the peer-relative Financial Health Score for that year; a dash means no score is published for it.
| Company | Fiscal year | Revenue | Net income | Net margin | Market cap | Health score |
|---|---|---|---|---|---|---|
| Twilio Inc. TWLO | FY2025 | $5.1B | $34.0M | 0.7% | $43.2B | 44/100 |
| Okta, Inc. OKTA | FY2026 | $2.9B | $235.0M | 8.1% | $39.7B | 55/100 |
| Rubrik, Inc. RBRK | FY2026 | $1.3B | -$350K | 0.0% | $24.9B | 40/100 |
| F5 FFIV | FY2025 | $3.1B | $692.4M | 22.4% | $26.8B | 68/100 |
| GoDaddy Inc GDDY | FY2025 | $5.0B | $875.0M | 17.7% | $13.0B | 58/100 |
Where Twilio Inc. Ranks
Frequently Asked Questions
What is Twilio Inc.'s annual revenue?
Twilio Inc. (TWLO) reported $5.1B in total revenue for fiscal year 2025. This represents a 13.7% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Twilio Inc.'s revenue growing?
Twilio Inc. (TWLO) revenue grew by 13.7% year-over-year, from $4.5B to $5.1B in fiscal year 2025.
Is Twilio Inc. profitable?
Yes, Twilio Inc. (TWLO) reported a net income of $34.0M in fiscal year 2025, with a net profit margin of 0.7%.
What is Twilio Inc.'s EBITDA?
Twilio Inc. (TWLO) had EBITDA of $353.2M in fiscal year 2025, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Twilio Inc. have?
As of fiscal year 2025, Twilio Inc. (TWLO) had $682.3M in cash and equivalents against $992.3M in long-term debt.
What is Twilio Inc.'s gross margin?
Twilio Inc. (TWLO) had a gross margin of 48.9% in fiscal year 2025, indicating the percentage of revenue retained after direct costs of goods sold.
What is Twilio Inc.'s operating margin?
Twilio Inc. (TWLO) had an operating margin of 3.1% in fiscal year 2025, reflecting the profitability of core business operations before interest and taxes.
What is Twilio Inc.'s net profit margin?
Twilio Inc. (TWLO) had a net profit margin of 0.7% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.
What is Twilio Inc.'s return on equity (ROE)?
Twilio Inc. (TWLO) has a return on equity of 0.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.
What is Twilio Inc.'s operating cash flow?
Twilio Inc. (TWLO) generated $1.0B in operating cash flow during fiscal year 2025, representing cash generated from core business activities.
What are Twilio Inc.'s total assets?
Twilio Inc. (TWLO) had $9.8B in total assets as of fiscal year 2025, including both current and long-term assets.
How much does Twilio Inc. spend on research and development?
Twilio Inc. (TWLO) invested $1.0B in research and development during fiscal year 2025.
What is Twilio Inc.'s current ratio?
Twilio Inc. (TWLO) had a current ratio of 4.03 as of fiscal year 2025, which is generally considered healthy.
What is Twilio Inc.'s debt-to-equity ratio?
Twilio Inc. (TWLO) had a debt-to-equity ratio of 0.13 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Twilio Inc.'s return on assets (ROA)?
Twilio Inc. (TWLO) had a return on assets of 0.4% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.
What is Twilio Inc.'s P/E ratio?
Twilio Inc. (TWLO) trades at 37.6x earnings, its market capitalization divided by net income of $1.1B net income, trailing 12 months to June 30, 2026. The market capitalization is $43.2B as of Oct 13, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Twilio Inc.'s price-to-sales ratio?
Twilio Inc. (TWLO) trades at 7.8x sales, its market capitalization divided by revenue of $5.6B revenue, trailing 12 months to June 30, 2026. The market capitalization is $43.2B as of Oct 13, 2026; a multiple compares that price with a filed figure and says nothing about the quality of the business.
What is Twilio Inc.'s Altman Z-Score?
Twilio Inc. (TWLO) has an Altman Z-Score of 13.02, placing it in the Safe Zone (low bankruptcy risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Twilio Inc.'s Piotroski F-Score?
Twilio Inc. (TWLO) has a Piotroski F-Score of 6 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Twilio Inc.'s earnings high quality?
Twilio Inc. (TWLO) reported $34.0M of net income while generating $1.0B in operating cash flow. The ratio between the two is outside the range this page publishes as a per-dollar figure, so both figures are given instead. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
How financially healthy is Twilio Inc.?
Twilio Inc. (TWLO) scores 44 out of 100 on our Financial Health Score, indicating moderate standing within its operating companies peer group. The score is a 0-100 composite of six dimensions (Profitability, Growth, Leverage, Liquidity, Cash Flow, Returns), each ranked as a percentile relative to companies in the same scoring family (banks against banks, REITs against REITs, and so on) rather than across all industries. It rates the quality of the business, not whether the stock is fairly priced, and is not financial advice. Learn more in our complete guide to financial health indicators.