Twilio Inc.'s income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Twilio Inc. reported revenue of $5.1B (+13.7% year on year) and net income of $33.8M (+130.9% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Revenue | $5.1B | $4.5B | $4.2B | $3.8B |
| Cost of revenue | $2.6B | $2.2B | $2.1B | $2.0B |
| Gross profit | $2.5B | $2.3B | $2.0B | $1.8B |
| Research and development | $1.0B | $1.0B | $942.8M | $1.1B |
| Sales and marketing | $873.2M | $860.8M | $1.0B | $1.2B |
| General and administrative | $410.7M | $449.1M | $468.5M | $517.4M |
| Restructuring costs | $15.0M | $13.3M | $165.7M | $76.6M |
| Impairment of long-lived assets | $1.8M | $0 | $320.5M | $97.7M |
| Total operating expenses | $2.3B | $2.3B | $2.9B | $3.0B |
| Income (loss) from operations | $157.8M | ($53.7M) | ($876.5M) | ($1.2B) |
| Share of losses from equity method investment | ($101.2M) | ($108.5M) | ($121.9M) | ($35.3M) |
| Impairment of equity method investment | ($80.6M) | — | — | — |
| Impairment of strategic investments | $0 | ($8.2M) | ($46.2M) | — |
| Other income, net | $79.1M | $81.8M | $47.9M | ($3.0M) |
| Total other expenses, net | ($102.7M) | ($34.9M) | ($120.2M) | ($38.3M) |
| Income (loss) before provision for income taxes | $55.1M | ($88.6M) | ($996.7M) | ($1.2B) |
| Provision for income taxes | ($21.3M) | ($20.8M) | ($18.7M) | ($12.5M) |
| Net income (loss) attributable to common stockholders | $33.8M | ($109.4M) | ($1.0B) | ($1.3B) |
| Basic (in dollars per share) | $0.22 | -$0.66 | -$5.54 | -$6.86 |
| Diluted (in dollars per share) | $0.21 | -$0.66 | -$5.54 | -$6.86 |
| Basic (in shares) | 153.0M | 165.9M | 183.3M | 183.0M |
| Diluted (in shares) | 159.8M | 165.9M | 183.3M | 183.0M |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Revenue | $1.5B | $1.4B | $1.3B | $1.2B |
| Cost of revenue | $773.2M | $722.7M | $668.3M | $625.7M |
| Gross profit | $725.9M | $684.2M | $632.1M | $602.7M |
| Research and development | $273.3M | $262.2M | $262.3M | $243.5M |
| Sales and marketing | $216.8M | $211.9M | $220.6M | $220.7M |
| General and administrative | $118.4M | $102.5M | $108.2M | $101.5M |
| Impairment of long-lived assets | $32.8M | — | — | — |
| Total operating expenses | $641.3M | $576.6M | $591.1M | $565.8M |
| Income from operations | $84.5M | $107.7M | $40.9M | $37.0M |
| Share of losses from equity method investment | ($24.3M) | ($27.2M) | ($27.5M) | ($25.2M) |
| Other income, net | $15.3M | $21.8M | $19.2M | $21.8M |
| Total other (expenses) income, net | ($9.0M) | ($5.4M) | ($8.3M) | ($3.4M) |
| Income before benefit from (provision for) income taxes | $75.5M | $102.2M | $32.7M | $33.6M |
| Benefit from (provision for) income taxes | $991.7M | ($12.1M) | $4.6M | ($11.2M) |
| Net income attributable to common stockholders | $1.1B | $90.1M | $37.2M | $22.4M |
| Basic (in dollars per share) | $6.99 | $0.59 | $0.24 | $0.15 |
| Diluted (in dollars per share) | $6.68 | $0.57 | $0.23 | $0.14 |
| Basic (in shares) | 152.8M | 152.4M | 153.1M | 153.2M |
| Diluted (in shares) | 159.7M | 157.8M | 159.2M | 159.7M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $682.3M | $421.3M | $655.9M | $651.8M |
| Short-term marketable securities | $1.8B | $2.0B | $3.4B | $3.5B |
| Accounts receivable, net | $636.7M | $588.5M | $562.8M | $547.5M |
| Prepaid expenses and other current assets | $469.6M | $474.4M | $329.2M | $281.5M |
| Total current assets | $3.6B | $3.4B | $4.9B | $5.0B |
| Property and equipment, net | $177.0M | $191.0M | $209.6M | $264.0M |
| Operating right-of-use assets | $39.0M | $53.4M | $74.0M | $121.3M |
| Equity method investment | $301.6M | $485.8M | $593.6M | $699.9M |
| Intangible assets, net | $142.1M | $238.5M | $350.5M | $849.9M |
| Goodwill | $5.3B | $5.2B | $5.2B | $5.3B |
| Other long-term assets | $242.7M | $206.1M | $234.8M | $360.9M |
| Total assets | $9.8B | $9.9B | $11.6B | $12.6B |
| Accounts payable | $85.1M | $100.2M | $119.6M | $124.6M |
| Accrued expenses and other current liabilities | $608.1M | $530.7M | $424.3M | $490.2M |
| Deferred revenue and customer deposits | $158.7M | $155.7M | $144.5M | $139.1M |
| Operating lease liability, current | $35.1M | $33.7M | $49.9M | $54.2M |
| Total current liabilities | $887.0M | $820.2M | $738.3M | $808.2M |
| Operating lease liability, noncurrent | $54.2M | $85.9M | $120.8M | $164.6M |
| Long-term debt, net | $992.3M | $990.6M | $989.0M | $987.4M |
| Other long-term liabilities | $15.9M | $15.8M | $19.9M | $23.9M |
| Total liabilities | $1.9B | $1.9B | $1.9B | $2.0B |
| Preferred stock, $0.001 par value, 100,000,000 shares authorized, none issued | 0 | 0 | 0 | 0 |
| Class A common stock | $152.0K | $153.0K | $182.0K | $186.0K |
| Additional paid-in capital | $16.1B | $15.5B | $14.8B | $14.1B |
| Accumulated other comprehensive income (loss) | $15.7M | ($1.3M) | $619.0K | ($121.2M) |
| Accumulated deficit | ($8.3B) | ($7.5B) | ($5.1B) | ($3.4B) |
| Total stockholders’ equity | $7.8B | $8.0B | $9.7B | $10.6B |
| Total liabilities and stockholders’ equity | $9.8B | $9.9B | $11.6B | $12.6B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | $823.3M | $542.0M | $734.8M | $969.2M |
| Short-term marketable securities | $1.8B | $1.8B | $1.7B | $1.6B |
| Accounts receivable, net | $760.1M | $710.5M | $613.1M | $588.0M |
| Prepaid expenses and other current assets | $330.0M | $390.0M | $405.3M | $401.1M |
| Total current assets | $3.7B | $3.4B | $3.5B | $3.5B |
| Property and equipment, net | $186.6M | $181.4M | $175.7M | $178.0M |
| Operating right-of-use assets | $30.5M | $29.6M | $46.9M | $53.2M |
| Equity method investment | $250.5M | $275.1M | $413.0M | $439.0M |
| Intangible assets, net | $114.1M | $125.4M | $157.4M | $184.3M |
| Goodwill | $5.3B | $5.3B | $5.2B | $5.2B |
| Other long-term assets | $188.7M | $226.1M | $198.7M | $219.0M |
| Deferred tax asset | $1.0B | — | — | — |
| Total assets | $10.8B | $9.6B | $9.7B | $9.8B |
| Accounts payable | $70.6M | $91.7M | $40.3M | $76.2M |
| Accrued expenses and other current liabilities | $557.7M | $456.9M | $507.8M | $461.5M |
| Deferred revenue and customer deposits | $153.0M | $159.6M | $159.2M | $148.0M |
| Operating lease liability, current | $29.4M | $32.1M | $35.0M | $34.3M |
| Total current liabilities | $810.7M | $740.3M | $742.3M | $720.1M |
| Operating lease liability, noncurrent | $42.9M | $43.3M | $68.0M | $76.8M |
| Long-term debt, net | $993.2M | $992.7M | $991.9M | $991.4M |
| Other long-term liabilities | $14.0M | $16.4M | $14.9M | $16.1M |
| Total liabilities | $1.9B | $1.8B | $1.8B | $1.8B |
| Preferred stock | $0 | $0 | $0 | $0 |
| Class A common stock | $154.0K | $152.0K | $152.0K | $154.0K |
| Additional paid-in capital | $16.5B | $16.3B | $16.0B | $15.8B |
| Accumulated other comprehensive (loss) income | ($5.3M) | ($4.3M) | $22.6M | $24.7M |
| Accumulated deficit | ($7.5B) | ($8.5B) | ($8.1B) | ($7.8B) |
| Total stockholders’ equity | $9.0B | $7.8B | $7.9B | $8.0B |
| Total liabilities and stockholders’ equity | $10.8B | $9.6B | $9.7B | $9.8B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income (loss) | $33.8M | ($109.4M) | ($1.0B) | ($1.3B) |
| Depreciation and amortization | $195.4M | $206.0M | $284.4M | $279.1M |
| Non-cash reduction to the right-of-use asset | $22.0M | $19.1M | $27.0M | $47.2M |
| Net amortization of investment premium and discount | ($14.1M) | ($22.9M) | ($44.0K) | $33.2M |
| Impairment of long-lived assets | $1.8M | $0 | $320.5M | $97.7M |
| Stock-based compensation | $600.4M | $616.6M | $675.9M | $798.6M |
| Amortization of deferred commissions | $74.5M | $76.3M | $72.9M | $57.9M |
| Realized and unrealized (gains) losses on equity securities | ($1.0M) | $1.7M | $8.0M | — |
| Provision for doubtful accounts | $8.2M | $35.4M | $51.9M | $35.0M |
| Value of shares of Class A common stock issued and donated to charity | 9.9M | 5.9M | 5.3M | 9.5M |
| Share of losses from equity method investment | $101.2M | $108.5M | $121.9M | $35.3M |
| Impairment of equity method investment | $80.6M | — | — | — |
| Impairment of strategic investments | $0 | $8.2M | $46.2M | — |
| Loss on net assets divested | $0 | $0 | $32.3M | — |
| Other adjustments | $4.2M | $5.0M | $14.7M | $4.9M |
| Accounts receivable | ($55.1M) | ($61.2M) | ($85.1M) | ($194.7M) |
| Prepaid expenses and other current assets | $10.6M | ($153.5M) | ($56.3M) | ($94.3M) |
| Other long-term assets | ($122.2M) | ($47.1M) | ($2.3M) | ($146.5M) |
| Accounts payable | ($15.0M) | ($20.3M) | $12.4M | $30.3M |
| Accrued expenses and other current liabilities | $102.7M | $87.4M | ($51.8M) | $75.4M |
| Deferred revenue and customer deposits | $2.0M | $11.2M | $5.4M | ($2.7M) |
| Operating lease liabilities | ($35.6M) | ($48.8M) | ($56.3M) | ($54.5M) |
| Other long-term liabilities | ($1.3M) | ($2.0M) | $3.5M | ($9.8M) |
| Net cash provided by operating activities | $1.0B | $716.2M | $414.8M | ($254.4M) |
| Acquisitions, net of cash acquired and payments related to prior period acquisitions | ($61.5M) | $0 | ($5.8M) | ($37.4M) |
| Divestitures, net of cash divested | $0 | $0 | $38.2M | — |
| Purchases of marketable securities and other investments | ($1.1B) | ($923.9M) | ($2.0B) | ($1.9B) |
| Proceeds from sales and maturities of marketable securities and other investments | $1.3B | — | — | — |
| Capitalized software development costs | ($52.0M) | ($51.8M) | ($39.9M) | ($45.8M) |
| Purchases of long-lived and intangible assets | ($5.8M) | ($7.0M) | ($11.3M) | ($34.4M) |
| Net cash provided by investing activities | $80.9M | $1.4B | $228.6M | ($616.5M) |
| Principal payments on finance leases | ($5.3M) | ($12.6M) | ($16.1M) | ($13.4M) |
| Value of equity awards withheld for tax liabilities | ($213.0K) | ($2.0M) | ($2.6M) | ($1.1M) |
| Repurchases of shares of Class A common stock and related costs | -868.9M | -2.3B | -668.8M | — |
| Proceeds from exercises of stock options and shares of Class A common stock issued under ESPP | 41.4M | 37.4M | 43.8M | 59.6M |
| Net cash used in financing activities | ($833.1M) | ($2.3B) | ($643.6M) | $45.0M |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | $0 | $0 | $108.0K | $60.0K |
| NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | $251.1M | ($224.5M) | ($147.0K) | ($825.8M) |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH—Beginning of period | $431.4M | $655.9M | $656.1M | $1.5B |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH —End of period | $682.5M | $431.4M | $655.9M | $656.1M |
| Cash paid for income taxes, net | $17.7M | $36.5M | $37.8M | $7.4M |
| Cash paid for interest | $37.6M | $37.9M | $38.4M | $37.5M |
| Cash and cash equivalents | $682.3M | $421.3M | $655.9M | $651.8M |
| Restricted cash in other current assets | $199.0K | $0 | $0 | $4.3M |
| Restricted cash in other long-term assets | $0 | $10.1M | $0 | $12.0K |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net income | $1.2B | $90.1M | $79.7M | $42.4M |
| Depreciation and amortization | $63.7M | $34.2M | $147.9M | $99.4M |
| Non-cash reduction to the right-of-use asset | $9.5M | $4.7M | $16.6M | $10.5M |
| Net amortization of investment premium and discount | ($4.1M) | ($2.1M) | ($11.5M) | ($8.2M) |
| Stock-based compensation | $278.4M | $136.5M | $446.7M | $288.5M |
| Amortization of deferred commissions | $33.6M | $17.1M | $56.9M | $38.4M |
| Provision for doubtful accounts | $10.8M | — | $6.4M | $3.7M |
| Value of shares of Class A common stock issued and donated to charity | 6.8M | — | 7.1M | — |
| Share of losses from equity method investment | $51.6M | $27.2M | $72.2M | $44.7M |
| Tax benefit related to release of valuation allowance | ($944.1M) | — | — | — |
| Impairment loss on prepaid assets | $32.8M | — | — | — |
| Other adjustments | $4.4M | $10.4M | $6.8M | $8.5M |
| Accounts receivable | ($133.7M) | ($74.9M) | ($30.9M) | ($3.1M) |
| Prepaid expenses and other current assets | $101.5M | $75.4M | $77.6M | $84.7M |
| Deferred tax asset | ($49.4M) | — | — | — |
| Other long-term assets | ($551.0K) | ($3.2M) | ($64.3M) | ($51.4M) |
| Accounts payable | ($14.5M) | $6.5M | ($59.8M) | ($24.3M) |
| Accrued expenses and other current liabilities | ($52.9M) | ($155.8M) | $3.9M | ($40.1M) |
| Deferred revenue and customer deposits | ($5.7M) | $892.0K | $3.5M | ($7.7M) |
| Operating lease liabilities | ($17.8M) | ($9.1M) | ($26.9M) | ($18.7M) |
| Other long-term liabilities | ($2.2M) | ($110.0K) | ($325.0K) | $802.0K |
| Net cash provided by operating activities | $525.6M | $153.2M | $731.7M | $468.1M |
| Acquisitions, net of cash acquired and payments related to prior period acquisitions | ($685.0K) | ($685.0K) | — | — |
| Purchases of marketable securities and other investments | ($491.5M) | ($353.3M) | ($780.2M) | ($408.8M) |
| Proceeds from sales and maturities of marketable securities and other investments | $438.3M | $333.6M | — | — |
| Capitalized software development costs | ($33.4M) | ($16.7M) | ($38.0M) | ($24.2M) |
| Purchases of long-lived assets | ($7.2M) | ($4.2M) | ($4.4M) | ($2.2M) |
| Net cash (used in) provided by investing activities | ($94.4M) | ($41.2M) | $221.4M | $382.9M |
| Principal payments on finance leases | ($128.0K) | ($64.0K) | ($5.3M) | ($4.2M) |
| Value of equity awards withheld for tax liabilities | ($43.0K) | ($42.0K) | ($213.0K) | ($138.0K) |
| Repurchases of shares of Class A common stock and related costs | -323.0M | -253.0M | -670.5M | -323.2M |
| Proceeds from exercises of stock options and shares of Class A common stock issued under ESPP | 32.8M | — | 26.3M | 25.9M |
| Net cash used in financing activities | ($290.4M) | ($252.6M) | ($649.7M) | ($301.7M) |
| NET INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | $140.7M | ($140.6M) | $303.4M | $549.3M |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH—Beginning of period | $682.5M | $682.5M | $431.4M | $431.4M |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH —End of period | $823.3M | $542.0M | $734.8M | $980.7M |
| Cash paid for income taxes, net | $23.5M | $21.2M | $15.9M | $13.1M |
| Cash paid for interest | $18.8M | $18.8M | $37.6M | $18.8M |
| Cash and cash equivalents | $823.3M | $542.0M | $734.8M | $969.2M |
| Restricted cash in other long-term assets | $0 | $0 | $0 | $11.5M |
| Total cash, cash equivalents and restricted cash | $823.3M | $542.0M | $734.8M | $980.7M |
Twilio Inc. score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.