Twilio (TWLO) Financials

$117.03 -0.85 (-0.72%)

As of 01:08 PM Eastern

Annual Income Statements for Twilio

This table shows Twilio's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	-109	-1,015	-1,256	-950	-491	-307	-122	-64	-41	-39
Consolidated Net Income / (Loss)	-109	-1,015	-1,256	-950	-491	-307	-122	-64	-41	-36
Net Income / (Loss) Continuing Operations	-109	-1,015	-1,256	-950	-491	-307	-122	-64	-41	-36
Total Pre-Tax Income	-89	-997	-1,244	-961	-504	-362	-121	-63	-41	-35
Total Operating Income	-54	-877	-1,205	-916	-493	-370	-115	-66	-41	-35
Total Gross Profit	2,278	2,044	1,814	1,391	916	609	349	216	157	92
Total Revenue	4,458	4,154	3,826	2,842	1,762	1,134	650	399	277	167
Operating Revenue	4,458	4,154	3,826	2,842	1,762	1,134	650	399	277	167
Total Cost of Revenue	2,180	2,110	2,013	1,451	846	526	301	183	121	74
Operating Cost of Revenue	2,180	2,110	2,013	1,451	846	526	301	183	121	74
Total Operating Expenses	2,332	2,920	3,019	2,306	1,409	979	464	282	198	128
Selling, General & Admin Expense	449	468	517	472	311	218	118	61	51	36
Marketing Expense	861	1,023	1,248	1,045	567	369	176	101	65	49
Research & Development Expense	1,009	943	1,079	789	531	391	171	121	78	43
Impairment Charge	0.00	321	98	0.00	0.00	-	-	-	-	-
Restructuring Charge	13	166	77	0.00	0.00	-	-	-	-	-
Total Other Income / (Expense), net	-35	-120	-38	-45	-12	7.57	-5.92	3.07	0.32	0.01
Interest & Investment Income	-108	-122	-35	0.00	0.00	-	-	-	-	-
Other Income / (Expense), net	74	1.71	-3.01	-45	-12	7.57	-5.92	3.07	0.32	0.01
Income Tax Expense	21	19	13	-11	-13	-55	0.79	0.71	0.33	0.12
Basic Earnings per Share	($0.66)	($5.54)	($6.86)	($5.45)	($3.35)	($2.36)	($1.26)	($0.70)	($0.78)	($2.19)
Weighted Average Basic Shares Outstanding	165.93M	183.33M	182.99M	174.18M	146.71M	130.08M	97.13M	91.22M	53.12M	17.75M
Diluted Earnings per Share	($0.66)	($5.54)	($6.86)	($5.45)	($3.35)	($2.36)	($1.26)	($0.70)	($0.78)	($2.19)
Weighted Average Diluted Shares Outstanding	165.93M	183.33M	182.99M	174.18M	146.71M	130.08M	97.13M	91.22M	53.12M	17.75M
Weighted Average Basic & Diluted Shares Outstanding	152.63M	182.06M	187.27M	181.52M	146.71M	130.08M	97.13M	91.22M	53.12M	17.75M

This table shows Twilio's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	20	-12	-9.73	-32	-55	-365	-142	-166	-342	-229	-482
Consolidated Net Income / (Loss)	20	-12	-9.73	-32	-55	-365	-142	-166	-342	-229	-482
Net Income / (Loss) Continuing Operations	20	-12	-9.73	-32	-55	-365	-142	-166	-342	-229	-482
Total Pre-Tax Income	27	-14	-3.65	-26	-45	-360	-140	-165	-332	-220	-479
Total Operating Income	23	14	-4.89	-19	-44	-362	-109	-142	-264	-219	-457
Total Gross Profit	582	600	579	556	544	531	516	506	491	481	462
Total Revenue	1,172	1,195	1,134	1,083	1,047	1,076	1,034	1,038	1,007	1,025	983
Operating Revenue	1,172	1,195	1,134	1,083	1,047	1,076	1,034	1,038	1,007	1,025	983
Total Cost of Revenue	591	595	555	527	503	545	517	532	516	543	521
Operating Cost of Revenue	591	595	555	527	503	545	517	532	516	543	521
Total Operating Expenses	558	586	584	575	588	893	625	648	755	700	919
Selling, General & Admin Expense	92	117	106	114	112	107	114	135	113	125	135
Marketing Expense	212	217	213	218	214	239	263	262	260	296	329
Research & Development Expense	254	253	261	244	252	236	242	227	239	274	285
Total Other Income / (Expense), net	3.50	-27	1.24	-7.21	-1.66	2.07	-31	-24	-68	-1.66	-22
Interest & Investment Income	-19	-29	-25	-25	-30	-28	-31	-32	-30	-22	-13
Other Income / (Expense), net	23	1.74	27	17	28	30	0.00	8.75	-37	20	-8.37
Income Tax Expense	6.57	-1.09	6.08	5.62	10	5.75	1.75	0.74	10	9.20	3.58
Basic Earnings per Share	$0.13	($0.10)	($0.06)	($0.19)	($0.31)	($2.01)	($0.78)	($0.91)	($1.84)	($1.23)	($2.63)
Weighted Average Basic Shares Outstanding	153.35M	165.93M	159.09M	170.22M	181.02M	183.33M	181.75M	183.49M	186.40M	182.99M	183.69M
Diluted Earnings per Share	$0.12	($0.10)	($0.06)	($0.19)	($0.31)	($2.01)	($0.78)	($0.91)	($1.84)	($1.23)	($2.63)
Weighted Average Diluted Shares Outstanding	161.79M	165.93M	159.09M	170.22M	181.02M	183.33M	181.75M	183.49M	186.40M	182.99M	183.69M
Weighted Average Basic & Diluted Shares Outstanding	152.67M	152.63M	153.38M	160.60M	171.17M	182.06M	181.04M	181.12M	183.93M	187.27M	184.34M

This table details how cash moves in and out of Twilio's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	-224	-0.15	-826	548	680	-252	385	-194	204	76
Net Cash From Operating Activities	716	415	-254	-58	33	14	7.98	-3.26	10	-19
Net Cash From Continuing Operating Activities	716	415	-254	-58	33	14	7.98	-3.26	10	-19
Net Income / (Loss) Continuing Operations	-109	-1,015	-1,256	-950	-491	-307	-122	-64	-41	-36
Consolidated Net Income / (Loss)	-109	-1,015	-1,256	-950	-491	-307	-122	-64	-41	-36
Depreciation Expense	206	284	279	258	150	110	26	19	8.32	4.23
Amortization Expense	53	73	91	68	20	24	14	0.26	-	-
Non-Cash Adjustments To Reconcile Net Income	795	1,289	1,023	748	444	232	101	50	26	9.59
Changes in Operating Assets and Liabilities, net	-229	-216	-392	-183	-91	-45	-11	-8.19	17	2.93
Net Cash From Investing Activities	1,371	229	-616	-2,490	-846	-1,286	-139	-227	-35	-12
Net Cash From Continuing Investing Activities	1,371	229	-616	-2,490	-846	-1,286	-139	-227	-35	-12
Purchase of Property, Plant & Equipment	-59	-51	-80	-90	-59	-67	-25	-27	-26	-10
Acquisitions	0.00	-5.77	-37	-492	-334	123	-31	-23	-9.29	-2.26
Purchase of Investments	-924	-1,953	-1,938	-3,523	-1,637	-2,038	-280	-293	-	-
Divestitures	0.00	38	0.00	0.00	-	-	-	-	-	-
Sale and/or Maturity of Investments	2,353	2,200	1,439	1,615	1,183	697	195	116	-	-
Net Cash From Financing Activities	-2,312	-644	45	3,096	1,493	1,020	516	36	229	107
Net Cash From Continuing Financing Activities	-2,312	-644	45	3,096	1,493	1,020	516	36	229	107
Repayment of Debt	-13	-16	-13	-8.30	-11	-11	-13	0.00	-	-
Repurchase of Common Equity	-2,334	-669	-0.04	-0.69	-0.64	-	-	-0.53	-4.61	-22
Issuance of Common Equity	37	44	60	1,903	1,514	1,037	0.00	0.00	226	-
Other Financing Activities, net	-2.00	-2.57	-1.10	218	-8.78	-5.41	-21	37	8.07	3.41
Effect of Exchange Rate Changes	0.00	0.11	0.06	-0.19	0.04	-	0.16	-	-	-
Cash Interest Paid	38	38	38	21	2.14	2.29	0.74	-	-	-
Cash Income Taxes Paid	37	38	7.41	6.15	3.09	1.37	0.56	0.61	0.23	0.05

This table details how cash moves in and out of Twilio's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	46	-170	-171	100	17	-22	-4.47	43	-17	19	-164
Net Cash From Operating Activities	191	108	204	213	190	223	206	84	-98	-58	-116
Net Cash From Continuing Operating Activities	191	108	204	213	190	223	206	84	-98	-58	-116
Net Income / (Loss) Continuing Operations	20	-12	-9.73	-32	-55	-365	-142	-166	-342	-229	-482
Consolidated Net Income / (Loss)	20	-12	-9.73	-32	-55	-365	-142	-166	-342	-229	-482
Depreciation Expense	50	50	51	52	53	65	73	75	71	71	70
Amortization Expense	15	15	14	12	13	14	17	20	21	22	23
Non-Cash Adjustments To Reconcile Net Income	166	219	191	185	199	500	255	249	285	237	355
Changes in Operating Assets and Liabilities, net	-60	-163	-42	-4.69	-20	8.52	3.41	-94	-133	-159	-81
Net Cash From Investing Activities	-19	129	267	785	190	-137	-144	307	202	66	-47
Net Cash From Continuing Investing Activities	-19	129	267	785	190	-137	-144	307	202	66	-47
Purchase of Property, Plant & Equipment	-13	-15	-15	-16	-13	-12	-11	-12	-17	-16	-42
Purchase of Investments	-214	-184	-150	-154	-436	-561	-880	-376	-136	-288	-315
Sale and/or Maturity of Investments	207	328	432	955	638	436	715	695	355	373	311
Net Cash From Financing Activities	-126	-408	-643	-898	-363	-107	-67	-348	-122	12	-1.15
Net Cash From Continuing Financing Activities	-126	-408	-643	-898	-363	-107	-67	-348	-122	12	-1.15
Repayment of Debt	-2.25	-2.35	-3.15	-2.23	-4.83	-2.37	-3.96	-2.45	-7.35	-4.04	-3.20
Repurchase of Common Equity	-126	-420	-641	-917	-357	-120	-64	-370	-115	-	-
Other Financing Activities, net	2.71	-0.02	-0.02	-0.47	-1.50	-0.03	-0.03	-3.32	0.81	-0.02	-0.01
Cash Interest Paid	19	0.06	19	0.11	19	0.17	19	0.51	19	-	19
Cash Income Taxes Paid	5.26	11	5.75	8.71	11	15	5.34	14	3.48	1.93	1.33

This table presents Twilio's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	9,865	11,610	12,564	12,999	9,487	5,151	1,029	450	413	158
Total Current Assets	3,447	4,904	4,984	5,932	3,372	2,061	873	353	353	136
Cash & Equivalents	421	656	652	1,479	934	254	487	115	306	109
Short-Term Investments	1,963	3,356	3,503	3,878	2,106	1,599	261	176	0.00	-
Accounts Receivable	589	563	548	388	251	154	98	43	26	19
Prepaid Expenses	474	329	282	186	81	55	27	19	22	8.55
Plant, Property, & Equipment, net	191	210	264	255	0.00	0.00	64	51	38	14
Total Noncurrent Assets	6,227	6,496	7,316	6,811	6,115	3,089	92	46	22	6.98
Long-Term Investments	486	594	700	0.00	-	-	-	-	-	-
Goodwill	5,243	5,243	5,284	5,263	4,595	2,297	38	18	3.57	3.17
Intangible Assets	239	350	850	1,050	967	461	28	20	10	2.29
Other Noncurrent Operating Assets	260	309	482	498	553	332	8.39	2.56	0.48	0.36
Total Liabilities & Shareholders' Equity	9,865	11,610	12,564	12,999	9,487	5,151	1,029	450	413	158
Total Liabilities	1,913	1,877	2,005	1,967	1,035	871	590	90	83	41
Total Current Liabilities	820	738	808	704	448	247	138	79	74	40
Accounts Payable	100	120	125	93	60	39	18	11	4.17	2.30
Accrued Expenses	531	424	490	418	253	148	96	54	59	32
Current Deferred Revenue	156	144	139	140	87	26	23	14	10	6.15
Other Current Liabilities	34	50	54	52	48	34	-	-	-	-
Total Noncurrent Liabilities	1,092	1,139	1,197	1,264	586	624	453	11	9.54	0.45
Long-Term Debt	991	989	987	986	302	458	434	-	-	-
Other Noncurrent Operating Liabilities	102	150	210	278	267	157	18	11	9.54	0.45
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	7,953	9,733	10,559	11,031	8,453	4,279	438	360	329	117
Total Preferred & Common Equity	7,953	9,733	10,559	11,031	8,453	4,279	438	360	329	117
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	0.00	240
Total Common Equity	7,953	9,733	10,559	11,031	8,453	4,279	438	360	329	-123
Common Stock	15,476	14,798	14,056	13,169	9,613	4,953	809	608	516	22
Retained Earnings	-7,522	-5,066	-3,376	-2,120	-1,170	-679	-372	-250	-187	-145
Accumulated Other Comprehensive Income / (Loss)	-1.30	0.62	-121	-18	9.05	5.09	1.28	2.03	-	-

This table presents Twilio's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	9,815	10,037	10,508	11,289	11,858	11,904	12,299	12,613
Total Current Assets	3,468	3,548	3,964	4,678	4,742	4,665	4,857	4,962
Cash & Equivalents	467	584	755	673	678	675	635	633
Short-Term Investments	1,981	2,114	2,361	3,154	3,179	3,009	3,310	3,576
Accounts Receivable	578	551	537	541	557	600	576	488
Prepaid Expenses	442	299	310	310	327	315	336	266
Plant, Property, & Equipment, net	184	195	199	201	222	235	254	264
Total Noncurrent Assets	6,163	6,294	6,345	6,410	6,894	7,005	7,188	7,387
Long-Term Investments	465	515	541	568	623	657	684	732
Goodwill	5,243	5,243	5,243	5,243	5,243	5,243	5,284	5,285
Intangible Assets	211	266	293	322	679	728	798	901
Other Noncurrent Operating Assets	244	270	268	278	349	377	422	468
Total Liabilities & Shareholders' Equity	9,815	10,037	10,508	11,289	11,858	11,904	12,299	12,613
Total Liabilities	1,810	1,808	1,828	1,842	1,878	1,928	1,980	2,082
Total Current Liabilities	726	701	711	715	726	760	788	864
Accounts Payable	108	71	62	82	104	94	121	103
Accrued Expenses	432	452	467	442	424	449	476	573
Current Deferred Revenue	154	139	139	142	146	139	137	136
Other Current Liabilities	32	38	43	48	52	53	55	52
Total Noncurrent Liabilities	1,084	1,108	1,117	1,127	1,152	1,168	1,192	1,218
Long-Term Debt	991	990	990	989	989	988	988	987
Other Noncurrent Operating Liabilities	93	117	127	138	164	180	204	231
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	8,004	8,229	8,679	9,448	9,979	9,977	10,319	10,531
Total Preferred & Common Equity	8,004	8,229	8,679	9,448	9,979	9,977	10,319	10,531
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	8,004	8,229	8,679	9,448	9,979	9,977	10,319	10,531
Common Stock	15,626	15,299	15,137	14,961	14,611	14,419	14,234	13,842
Retained Earnings	-7,632	-7,095	-6,447	-5,508	-4,579	-4,382	-3,843	-3,146
Accumulated Other Comprehensive Income / (Loss)	10	24	-11	-4.94	-53	-60	-72	-165

This table displays calculated financial ratios and metrics derived from Twilio's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	7.32%	8.56%	34.64%	61.31%	55.30%	74.52%	62.92%	43.88%	66.15%	87.87%
EBITDA Growth	153.96%	38.25%	-32.02%	-89.70%	-46.73%	-181.04%	-84.54%	-34.56%	-4.90%	-24.68%
EBIT Growth	102.27%	27.60%	-25.74%	-90.50%	-39.26%	-198.96%	-92.31%	-53.67%	-15.87%	-32.29%
NOPAT Growth	93.87%	27.28%	-31.64%	-85.75%	-33.29%	-220.90%	-74.40%	-59.93%	-16.73%	-32.64%
Net Income Growth	89.23%	19.16%	-32.24%	-93.47%	-59.90%	-151.80%	-91.42%	-54.17%	-16.39%	-32.69%
EPS Growth	88.09%	19.24%	-25.87%	-62.69%	-41.95%	-87.30%	-80.00%	10.26%	64.38%	-38.61%
Operating Cash Flow Growth	72.69%	263.05%	-337.12%	-278.21%	132.45%	75.97%	345.25%	-132.24%	153.82%	-8.08%
Free Cash Flow Firm Growth	113.17%	95.65%	44.14%	50.77%	-4.53%	-2,367.34%	-32.21%	-141.70%	-23.07%	0.00%
Invested Capital Growth	-0.70%	-8.60%	0.48%	16.16%	98.12%	2,622.95%	67.43%	288.51%	146.78%	0.00%
Revenue Q/Q Growth	2.74%	1.25%	4.99%	11.57%	14.04%	12.60%	15.88%	9.10%	0.00%	0.00%
EBITDA Q/Q Growth	630.18%	-39.65%	10.07%	-7.83%	-44.00%	-8.64%	-30.28%	-9.80%	0.00%	0.00%
EBIT Q/Q Growth	106.07%	-17.98%	7.04%	-10.98%	-26.49%	-13.24%	-29.53%	-11.55%	0.00%	0.00%
NOPAT Q/Q Growth	87.49%	-19.52%	5.12%	-12.03%	-22.79%	-15.57%	-25.99%	-12.61%	0.00%	0.00%
Net Income Q/Q Growth	76.34%	-15.46%	4.70%	-13.37%	-22.17%	-16.32%	-30.13%	-11.00%	0.00%	0.00%
EPS Q/Q Growth	74.32%	-16.39%	5.64%	-9.44%	-16.72%	-9.77%	-27.27%	-118.75%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	-13.74%	210.09%	-8.63%	-1,052.77%	9.66%	597.10%	-52.00%	-136.56%	59,294.12%	0.00%
Free Cash Flow Firm Q/Q Growth	-97.23%	91.02%	-10.42%	63.95%	-913.25%	-1.90%	-25.97%	0.00%	0.00%	0.00%
Invested Capital Q/Q Growth	1.12%	-5.73%	1.74%	-0.20%	97.94%	1.07%	8.89%	-0.22%	0.00%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	51.10%	49.20%	47.40%	48.94%	51.97%	53.67%	53.72%	54.16%	56.54%	55.40%
EBITDA Margin	6.26%	-12.46%	-21.90%	-22.34%	-19.00%	-20.10%	-12.48%	-11.02%	-11.78%	-18.67%
Operating Margin	-1.20%	-21.10%	-31.50%	-32.22%	-27.98%	-32.60%	-17.73%	-16.56%	-14.90%	-21.20%
EBIT Margin	0.45%	-21.06%	-31.58%	-33.81%	-28.63%	-31.93%	-18.64%	-15.79%	-14.78%	-21.20%
Profit (Net Income) Margin	-2.45%	-24.45%	-32.83%	-33.43%	-27.87%	-27.07%	-18.76%	-15.97%	-14.90%	-21.27%
Tax Burden Percent	123.46%	101.88%	101.01%	98.85%	97.33%	84.77%	100.65%	101.12%	100.80%	100.34%
Interest Burden Percent	-446.01%	113.93%	102.92%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-0.62%	-9.58%	-12.64%	-10.34%	-8.00%	-17.26%	-95.04%	-115.91%	-251.95%	-748.49%
ROIC Less NNEP Spread (ROIC-NNEP)	2.00%	1.16%	-2.63%	-1.63%	-0.89%	-11.64%	-81.90%	-110.18%	-246.09%	-728.99%
Return on Net Nonoperating Assets (RNNOA)	-0.62%	-0.43%	1.00%	0.59%	0.29%	4.24%	64.48%	97.42%	233.43%	687.61%
Return on Equity (ROE)	-1.24%	-10.01%	-11.64%	-9.75%	-7.71%	-13.02%	-30.56%	-18.49%	-18.53%	-60.89%
Cash Return on Invested Capital (CROIC)	0.08%	-0.59%	-13.12%	-25.30%	-73.82%	-203.09%	-145.47%	-234.03%	-336.61%	-948.49%
Operating Return on Assets (OROA)	0.19%	-7.24%	-9.45%	-8.55%	-6.89%	-11.72%	-16.39%	-14.61%	-14.38%	-22.46%
Return on Assets (ROA)	-1.02%	-8.40%	-9.83%	-8.45%	-6.71%	-9.94%	-16.50%	-14.77%	-14.49%	-22.54%
Return on Common Equity (ROCE)	-1.24%	-10.01%	-11.64%	-9.75%	-7.71%	-13.02%	-30.56%	-18.49%	-8.56%	64.36%
Return on Equity Simple (ROE_SIMPLE)	-1.38%	-10.43%	-11.90%	-8.61%	-5.81%	-7.18%	-27.83%	-17.70%	-12.54%	-30.44%
Net Operating Profit after Tax (NOPAT)	-38	-614	-844	-641	-345	-259	-81	-46	-29	-25
NOPAT Margin	-0.84%	-14.77%	-22.05%	-22.55%	-19.58%	-22.82%	-12.41%	-11.59%	-10.43%	-14.84%
Net Nonoperating Expense Percent (NNEP)	-2.61%	-10.74%	-10.01%	-8.71%	-7.11%	-5.61%	-13.14%	-5.73%	-5.86%	-19.51%
Return On Investment Capital (ROIC_SIMPLE)	-0.42%	-5.72%	-7.31%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	48.90%	50.80%	52.60%	51.06%	48.03%	46.33%	46.28%	45.84%	43.46%	44.60%
SG&A Expenses to Revenue	10.07%	11.28%	13.52%	16.63%	17.63%	19.24%	18.08%	15.24%	18.42%	21.56%
R&D to Revenue	22.63%	22.70%	28.20%	27.77%	30.11%	34.50%	26.36%	30.26%	28.10%	25.50%
Operating Expenses to Revenue	52.31%	70.31%	78.90%	81.16%	79.95%	86.27%	71.45%	70.72%	71.44%	76.60%
Earnings before Interest and Taxes (EBIT)	20	-875	-1,208	-961	-504	-362	-121	-63	-41	-35
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	279	-518	-838	-635	-335	-228	-81	-44	-33	-31
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.08	1.41	0.85	4.26	6.05	3.15	20.14	6.10	7.63	0.00
Price to Tangible Book Value (P/TBV)	6.71	3.32	2.04	9.95	17.68	8.86	23.70	6.82	7.96	0.00
Price to Revenue (P/Rev)	3.72	3.31	2.36	16.52	29.00	11.88	13.58	5.50	9.06	0.00
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	2.42	1.65	0.77	6.40	8.44	4.18	80.12	30.01	135.15	0.00
Enterprise Value to Revenue (EV/Rev)	3.30	2.44	1.35	14.99	27.46	10.66	13.10	4.77	7.96	0.00
Enterprise Value to EBITDA (EV/EBITDA)	52.63	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	739.79	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	20.52	24.40	0.00	0.00	1,481.59	860.88	1,066.53	0.00	218.68	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	2,931.76	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.12	0.10	0.09	0.09	0.04	0.11	0.99	0.00	0.00	0.00
Long-Term Debt to Equity	0.12	0.10	0.09	0.09	0.04	0.11	0.99	0.00	0.00	0.00
Financial Leverage	-0.31	-0.37	-0.38	-0.36	-0.32	-0.36	-0.79	-0.88	-0.95	-0.94
Leverage Ratio	1.21	1.19	1.18	1.15	1.15	1.31	1.85	1.25	1.28	1.35
Compound Leverage Factor	-5.42	1.36	1.22	1.15	1.15	1.31	1.85	1.25	1.28	1.35
Debt to Total Capital	11.08%	9.22%	8.55%	8.20%	3.65%	9.84%	49.79%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	11.08%	9.22%	8.55%	8.20%	3.65%	9.84%	49.79%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	205.71%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	88.92%	90.78%	91.45%	91.80%	96.35%	90.16%	50.21%	100.00%	100.00%	-105.71%
Debt to EBITDA	3.55	-1.91	-1.18	-1.55	-0.96	-2.05	-5.35	0.00	0.00	0.00
Net Debt to EBITDA	-6.73	6.99	4.61	6.89	8.13	6.08	3.87	0.00	0.00	0.00
Long-Term Debt to EBITDA	3.55	-1.91	-1.18	-1.55	-0.96	-2.05	-5.35	0.00	0.00	0.00
Debt to NOPAT	-26.35	-1.61	-1.17	-1.54	-0.93	-1.80	-5.39	0.00	0.00	0.00
Net Debt to NOPAT	50.00	5.89	4.58	6.82	7.88	5.35	3.89	0.00	0.00	0.00
Long-Term Debt to NOPAT	-26.35	-1.61	-1.17	-1.54	-0.93	-1.80	-5.39	0.00	0.00	0.00
Altman Z-Score	4.91	4.32	2.71	14.55	29.84	9.51	9.57	15.03	18.64	0.00
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	53.78%	205.71%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	4.20	6.64	6.17	8.43	7.52	8.34	6.33	4.50	4.79	3.37
Quick Ratio	3.62	6.20	5.82	8.17	7.34	8.12	6.14	4.25	4.50	3.16
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	5.01	-38	-876	-1,568	-3,184	-3,046	-123	-93	-39	-31
Operating Cash Flow to CapEx	1,218.39%	809.51%	-317.24%	-64.64%	55.22%	20.88%	32.38%	-12.14%	39.29%	-185.32%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.42	0.34	0.30	0.25	0.24	0.37	0.88	0.93	0.97	1.06
Accounts Receivable Turnover	7.74	7.48	8.18	8.89	8.70	9.01	9.23	11.51	12.25	8.74
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	22.25	17.54	14.74	0.00	0.00	0.00	11.40	9.06	10.75	11.87
Accounts Payable Turnover	19.84	17.28	18.47	18.92	17.07	18.25	20.32	23.92	37.24	32.39
Days Sales Outstanding (DSO)	47.13	48.78	44.63	41.06	41.98	40.50	39.54	31.70	29.81	41.75
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	18.40	21.12	19.76	19.29	21.38	20.00	17.96	15.26	9.80	11.27
Cash Conversion Cycle (CCC)	28.73	27.66	24.87	21.77	20.59	20.50	21.57	16.45	20.01	30.48
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	6,073	6,116	6,691	6,659	5,733	2,894	106	63	16	6.62
Invested Capital Turnover	0.73	0.65	0.57	0.46	0.41	0.76	7.66	10.00	24.16	50.43
Increase / (Decrease) in Invested Capital	-43	-576	32	927	2,839	2,787	43	47	9.72	6.62
Enterprise Value (EV)	14,698	10,119	5,158	42,589	48,380	12,094	8,514	1,905	2,208	0.00
Market Capitalization	16,578	13,736	9,025	46,961	51,100	13,479	8,828	2,196	2,514	0.00
Book Value per Share	$51.85	$53.76	$57.28	$61.86	$55.99	$31.20	$4.43	$3.87	$3.78	($6.95)
Tangible Book Value per Share	$16.11	$22.86	$24.00	$26.46	$19.15	$11.10	$3.77	$3.46	$3.62	($7.25)
Total Capital	8,944	10,722	11,546	12,017	8,773	4,746	873	360	329	117
Total Debt	991	989	987	986	320	467	434	0.00	0.00	0.00
Total Long-Term Debt	991	989	987	986	320	467	434	0.00	0.00	0.00
Net Debt	-1,880	-3,617	-3,868	-4,372	-2,720	-1,386	-314	-291	-306	-109
Capital Expenditures (CapEx)	59	51	80	90	59	67	25	27	26	10
Debt-free, Cash-free Net Working Capital (DFCFNWC)	243	154	21	-129	-116	-39	-13	-16	-26	-13
Debt-free Net Working Capital (DFNWC)	2,627	4,166	4,176	5,229	2,924	1,814	735	275	280	96
Net Working Capital (NWC)	2,627	4,166	4,176	5,229	2,924	1,814	735	275	280	96
Net Nonoperating Expense (NNE)	72	402	412	309	146	48	41	17	12	11
Net Nonoperating Obligations (NNO)	-1,880	-3,617	-3,868	-4,372	-2,720	-1,386	-332	-296	-313	-110
Total Depreciation and Amortization (D&A)	259	357	370	326	170	134	40	19	8.32	4.23
Debt-free, Cash-free Net Working Capital to Revenue	5.44%	3.70%	0.55%	-4.55%	-6.57%	-3.40%	-2.03%	-4.04%	-9.37%	-7.67%
Debt-free Net Working Capital to Revenue	58.93%	100.28%	109.14%	183.99%	165.97%	159.91%	113.09%	68.85%	100.84%	57.53%
Net Working Capital to Revenue	58.93%	100.28%	109.14%	183.99%	165.97%	159.91%	113.09%	68.85%	100.84%	57.53%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.66)	($5.54)	($6.86)	($5.45)	($3.35)	($2.36)	($1.26)	($0.70)	($0.78)	($2.19)
Adjusted Weighted Average Basic Shares Outstanding	165.93M	183.33M	182.99M	174.18M	170.48M	139.71M	123.58M	94.23M	87.53M	17.75M
Adjusted Diluted Earnings per Share	($0.66)	($5.54)	($6.86)	($5.45)	($3.35)	($2.36)	($1.26)	($0.70)	($0.78)	($2.19)
Adjusted Weighted Average Diluted Shares Outstanding	165.93M	183.33M	182.99M	174.18M	170.48M	139.71M	123.58M	94.23M	87.53M	17.75M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	($3.35)	($2.36)	($1.26)	($0.70)	($0.78)	($2.19)
Adjusted Weighted Average Basic & Diluted Shares Outstanding	152.63M	182.06M	187.27M	181.52M	146.71M	130.08M	97.13M	91.22M	53.12M	17.75M
Normalized Net Operating Profit after Tax (NOPAT)	-28	-273	-722	-641	-345	-259	-81	-46	-29	-25
Normalized NOPAT Margin	-0.63%	-6.58%	-18.86%	-22.55%	-19.58%	-22.82%	-12.41%	-11.59%	-10.43%	-14.84%
Pre Tax Income Margin	-1.99%	-23.99%	-32.50%	-33.81%	-28.63%	-31.93%	-18.64%	-15.79%	-14.78%	-21.20%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-2,133.76%	-65.86%	0.00%	-0.07%	-0.13%	0.00%	0.00%	-0.83%	-11.15%	-60.57%

This table displays calculated financial ratios and metrics derived from Twilio's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	11.98%	11.05%	9.67%	4.31%	4.02%	5.01%	5.15%	10.01%	14.99%	21.58%	32.81%
EBITDA Growth	118.81%	131.65%	554.26%	265.35%	124.24%	-139.71%	94.91%	83.29%	-56.70%	47.15%	-141.29%
EBIT Growth	395.49%	104.66%	119.86%	98.77%	94.83%	-67.23%	76.60%	58.43%	-34.20%	31.57%	-94.75%
NOPAT Growth	157.07%	103.79%	95.51%	86.58%	83.53%	-65.50%	76.17%	54.53%	-21.25%	22.94%	-96.69%
Net Income Growth	136.17%	96.59%	93.14%	80.83%	83.82%	-59.27%	70.62%	48.51%	-54.38%	21.27%	-115.22%
EPS Growth	138.71%	95.02%	92.31%	79.12%	83.15%	-63.41%	70.34%	48.59%	-49.59%	25.00%	-108.73%
Operating Cash Flow Growth	0.48%	-51.27%	-1.02%	155.05%	294.27%	480.71%	278.30%	233.69%	-456.85%	-52.85%	-150.75%
Free Cash Flow Firm Growth	-103.79%	-83.80%	3,523.34%	2,350.49%	432.67%	274.27%	105.90%	101.95%	83.09%	83.56%	94.32%
Invested Capital Growth	0.67%	-0.70%	-7.42%	-8.68%	-9.51%	-8.60%	-1.36%	-1.82%	-0.05%	0.48%	-1.44%
Revenue Q/Q Growth	-1.87%	5.40%	4.72%	3.39%	-2.69%	4.09%	-0.39%	3.10%	-1.76%	4.23%	4.21%
EBITDA Q/Q Growth	38.56%	-7.30%	36.98%	24.37%	120.04%	-1,230.52%	50.14%	81.77%	-98.21%	71.75%	-63.66%
EBIT Q/Q Growth	197.86%	-28.51%	1,422.00%	89.50%	95.30%	-204.49%	18.17%	55.82%	-51.93%	57.39%	-45.35%
NOPAT Q/Q Growth	80.88%	380.49%	74.29%	56.24%	87.97%	-232.16%	23.21%	46.29%	-20.83%	52.17%	-46.50%
Net Income Q/Q Growth	260.52%	-28.21%	69.47%	42.44%	84.85%	-157.86%	14.73%	51.43%	-49.13%	52.43%	-49.43%
EPS Q/Q Growth	220.00%	-66.67%	68.42%	38.71%	84.58%	-157.69%	14.29%	50.54%	-49.59%	53.23%	-48.59%
Operating Cash Flow Q/Q Growth	76.16%	-46.93%	-4.23%	12.21%	-14.57%	7.81%	146.79%	185.47%	-67.42%	49.51%	-85.04%
Free Cash Flow Firm Q/Q Growth	-143.89%	-89.08%	-14.29%	-7.69%	87.52%	2,342.29%	-42.04%	112.53%	1.77%	17.32%	80.87%
Invested Capital Q/Q Growth	0.15%	1.12%	-0.10%	-0.50%	-1.20%	-5.73%	-1.46%	-1.41%	-0.21%	1.74%	-1.92%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	49.60%	50.19%	51.04%	51.35%	51.96%	49.37%	49.95%	48.74%	48.75%	46.96%	47.01%
EBITDA Margin	9.43%	6.68%	7.59%	5.81%	4.83%	-23.43%	-1.83%	-3.66%	-20.71%	-10.27%	-37.88%
Operating Margin	1.97%	1.15%	-0.43%	-1.76%	-4.15%	-33.62%	-10.54%	-13.67%	-26.24%	-21.33%	-46.49%
EBIT Margin	3.93%	1.29%	1.91%	-0.15%	-1.49%	-30.82%	-10.54%	-12.82%	-29.93%	-19.35%	-47.34%
Profit (Net Income) Margin	1.71%	-1.04%	-0.86%	-2.94%	-5.29%	-33.96%	-13.71%	-16.01%	-33.99%	-22.39%	-49.07%
Tax Burden Percent	75.30%	91.98%	266.39%	121.40%	122.56%	101.60%	101.25%	100.45%	103.16%	104.18%	100.75%
Interest Burden Percent	57.72%	-87.69%	-16.88%	1,604.10%	289.75%	108.46%	128.52%	124.32%	110.10%	111.06%	102.87%
Effective Tax Rate	24.70%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	1.12%	0.59%	-0.21%	-0.83%	-1.92%	-15.27%	-4.63%	-5.83%	-10.88%	-8.56%	-17.90%
ROIC Less NNEP Spread (ROIC-NNEP)	1.02%	1.39%	0.01%	-0.22%	-1.21%	-12.27%	-2.87%	-4.06%	-6.89%	-6.70%	-14.02%
Return on Net Nonoperating Assets (RNNOA)	-0.31%	-0.43%	0.00%	0.07%	0.43%	4.52%	1.04%	1.47%	2.56%	2.56%	5.42%
Return on Equity (ROE)	0.81%	0.16%	-0.21%	-0.76%	-1.49%	-10.74%	-3.59%	-4.37%	-8.33%	-6.00%	-12.48%
Cash Return on Invested Capital (CROIC)	-0.52%	0.08%	2.90%	3.14%	2.76%	-0.59%	-6.49%	-9.56%	-13.07%	-13.12%	-11.97%
Operating Return on Assets (OROA)	1.71%	0.54%	0.76%	-0.06%	-0.53%	-10.59%	-3.53%	-4.19%	-9.40%	-5.79%	-13.48%
Return on Assets (ROA)	0.74%	-0.43%	-0.34%	-1.11%	-1.88%	-11.67%	-4.60%	-5.24%	-10.68%	-6.70%	-13.98%
Return on Common Equity (ROCE)	0.81%	0.16%	-0.21%	-0.76%	-1.49%	-10.74%	-3.59%	-4.37%	-8.33%	-6.00%	-12.48%
Return on Equity Simple (ROE_SIMPLE)	-0.43%	0.00%	-5.62%	-6.85%	-7.71%	0.00%	-8.81%	-12.23%	-13.34%	0.00%	-12.52%
Net Operating Profit after Tax (NOPAT)	17	9.61	-3.43	-13	-30	-253	-76	-99	-185	-153	-320
NOPAT Margin	1.48%	0.80%	-0.30%	-1.23%	-2.91%	-23.53%	-7.37%	-9.57%	-18.37%	-14.93%	-32.54%
Net Nonoperating Expense Percent (NNEP)	0.10%	-0.80%	-0.22%	-0.61%	-0.71%	-3.00%	-1.76%	-1.78%	-3.99%	-1.86%	-3.88%
Return On Investment Capital (ROIC_SIMPLE)	0.19%	0.11%	-	-	-	-2.36%	-	-	-	-1.33%	-
Cost of Revenue to Revenue	50.40%	49.81%	48.96%	48.65%	48.04%	50.63%	50.05%	51.26%	51.25%	53.04%	52.99%
SG&A Expenses to Revenue	7.85%	9.77%	9.38%	10.53%	10.69%	9.94%	11.04%	12.99%	11.18%	12.21%	13.77%
R&D to Revenue	21.69%	21.14%	23.01%	22.51%	24.03%	21.90%	23.38%	21.86%	23.70%	26.75%	28.97%
Operating Expenses to Revenue	47.63%	49.04%	51.47%	53.11%	56.11%	82.99%	60.49%	62.40%	74.99%	68.29%	93.49%
Earnings before Interest and Taxes (EBIT)	46	15	22	-1.64	-16	-332	-109	-133	-301	-198	-465
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	111	80	86	63	51	-252	-19	-38	-208	-105	-372
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.87	2.08	1.27	1.12	1.17	1.41	1.06	1.17	1.21	0.85	1.20
Price to Tangible Book Value (P/TBV)	5.86	6.71	3.85	3.09	2.85	3.32	2.61	2.92	2.95	2.04	2.91
Price to Revenue (P/Rev)	3.26	3.72	2.41	2.29	2.64	3.31	2.58	2.89	3.15	2.36	3.47
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	2.14	2.42	1.37	1.17	1.27	1.65	1.10	1.27	1.32	0.77	1.32
Enterprise Value to Revenue (EV/Rev)	2.84	3.30	1.90	1.66	1.83	2.44	1.73	2.06	2.23	1.35	2.39
Enterprise Value to EBITDA (EV/EBITDA)	38.38	52.63	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	159.77	739.79	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	1,444.62	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	18.16	20.52	9.94	8.48	10.91	24.40	53.15	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	2,931.76	45.54	35.64	43.64	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.12	0.12	0.12	0.11	0.10	0.10	0.10	0.10	0.10	0.09	0.09
Long-Term Debt to Equity	0.12	0.12	0.12	0.11	0.10	0.10	0.10	0.10	0.10	0.09	0.09
Financial Leverage	-0.31	-0.31	-0.31	-0.32	-0.36	-0.37	-0.36	-0.36	-0.37	-0.38	-0.39
Leverage Ratio	1.21	1.21	1.20	1.20	1.19	1.19	1.19	1.19	1.19	1.18	1.18
Compound Leverage Factor	0.70	-1.06	-0.20	19.27	3.46	1.29	1.53	1.48	1.31	1.32	1.22
Debt to Total Capital	11.02%	11.08%	10.74%	10.24%	9.48%	9.22%	9.01%	9.01%	8.74%	8.55%	8.57%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	11.02%	11.08%	10.74%	10.24%	9.48%	9.22%	9.01%	9.01%	8.74%	8.55%	8.57%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	88.98%	88.92%	89.26%	89.76%	90.52%	90.78%	90.99%	90.99%	91.26%	91.45%	91.43%
Debt to EBITDA	2.92	3.55	-18.80	-6.28	-3.83	-1.91	-2.67	-1.36	-1.08	-1.18	-1.06
Net Debt to EBITDA	-5.66	-6.73	42.20	16.91	13.17	6.99	9.42	4.63	3.99	4.61	4.24
Long-Term Debt to EBITDA	2.92	3.55	-18.80	-6.28	-3.83	-1.91	-2.67	-1.36	-1.08	-1.18	-1.06
Debt to NOPAT	109.93	-26.35	-3.30	-2.65	-2.15	-1.61	-1.93	-1.31	-1.13	-1.17	-1.11
Net Debt to NOPAT	-213.17	50.00	7.40	7.15	7.42	5.89	6.80	4.43	4.16	4.58	4.45
Long-Term Debt to NOPAT	109.93	-26.35	-3.30	-2.65	-2.15	-1.61	-1.93	-1.31	-1.13	-1.17	-1.11
Altman Z-Score	4.68	4.91	3.27	3.11	3.71	4.47	3.57	3.82	3.98	2.98	3.86
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	4.78	4.20	5.06	5.57	6.55	6.64	6.53	6.14	6.16	6.17	5.74
Quick Ratio	4.17	3.62	4.64	5.13	6.11	6.20	6.08	5.64	5.73	5.82	5.43
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-23	52	478	558	604	322	13	23	-182	-185	-224
Operating Cash Flow to CapEx	1,501.08%	723.99%	1,342.86%	1,353.18%	1,482.44%	1,903.72%	1,840.47%	713.82%	-589.16%	-373.68%	-274.48%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.43	0.42	0.40	0.38	0.36	0.34	0.34	0.33	0.31	0.30	0.28
Accounts Receivable Turnover	8.20	7.74	7.83	7.46	7.51	7.48	7.85	7.56	8.06	8.18	8.74
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	23.82	22.25	20.81	19.54	18.42	17.54	16.88	0.00	15.43	14.74	0.00
Accounts Payable Turnover	23.88	19.84	24.23	26.93	20.63	17.28	20.31	21.60	19.37	18.47	21.34
Days Sales Outstanding (DSO)	44.54	47.13	46.61	48.95	48.58	48.78	46.48	48.27	45.30	44.63	41.74
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	15.28	18.40	15.06	13.55	17.70	21.12	17.97	16.89	18.84	19.76	17.10
Cash Conversion Cycle (CCC)	29.26	28.73	31.54	35.40	30.89	27.66	28.51	31.38	26.46	24.87	24.64
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	6,083	6,073	6,006	6,012	6,042	6,116	6,487	6,583	6,677	6,691	6,577
Invested Capital Turnover	0.76	0.73	0.69	0.67	0.66	0.65	0.63	0.61	0.59	0.57	0.55
Increase / (Decrease) in Invested Capital	40	-43	-482	-571	-635	-576	-89	-122	-3.18	32	-96
Enterprise Value (EV)	13,023	14,698	8,251	7,057	7,665	10,119	7,109	8,349	8,836	5,158	8,707
Market Capitalization	14,944	16,578	10,474	9,724	11,071	13,736	10,601	11,702	12,478	9,025	12,661
Book Value per Share	$52.44	$51.85	$51.24	$50.71	$52.19	$53.76	$55.10	$54.24	$55.10	$57.28	$57.51
Tangible Book Value per Share	$16.70	$16.11	$16.94	$18.36	$21.45	$22.86	$22.40	$21.78	$22.62	$24.00	$23.73
Total Capital	8,995	8,944	9,219	9,669	10,437	10,722	10,968	10,965	11,307	11,546	11,518
Total Debt	991	991	990	990	989	989	989	988	988	987	987
Total Long-Term Debt	991	991	990	990	989	989	989	988	988	987	987
Net Debt	-1,922	-1,880	-2,223	-2,667	-3,405	-3,617	-3,492	-3,353	-3,642	-3,868	-3,954
Capital Expenditures (CapEx)	13	15	15	16	13	12	11	12	17	16	42
Debt-free, Cash-free Net Working Capital (DFCFNWC)	294	243	149	136	136	154	158	221	123	21	-110
Debt-free Net Working Capital (DFNWC)	2,742	2,627	2,848	3,252	3,963	4,166	4,015	3,905	4,068	4,176	4,098
Net Working Capital (NWC)	2,742	2,627	2,848	3,252	3,963	4,166	4,015	3,905	4,068	4,176	4,098
Net Nonoperating Expense (NNE)	-2.64	22	6.30	19	25	112	65	67	157	76	162
Net Nonoperating Obligations (NNO)	-1,922	-1,880	-2,223	-2,667	-3,405	-3,617	-3,492	-3,393	-3,642	-3,868	-3,954
Total Depreciation and Amortization (D&A)	65	64	64	64	66	79	90	95	93	93	93
Debt-free, Cash-free Net Working Capital to Revenue	6.41%	5.44%	3.44%	3.21%	3.25%	3.70%	3.85%	5.45%	3.10%	0.55%	-3.03%
Debt-free Net Working Capital to Revenue	59.82%	58.93%	65.63%	76.72%	94.48%	100.28%	97.88%	96.37%	102.79%	109.14%	112.45%
Net Working Capital to Revenue	59.82%	58.93%	65.63%	76.72%	94.48%	100.28%	97.88%	96.37%	102.79%	109.14%	112.45%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.13	($0.10)	($0.06)	($0.19)	($0.31)	($2.01)	($0.78)	($0.91)	($1.84)	($1.23)	($2.63)
Adjusted Weighted Average Basic Shares Outstanding	153.35M	165.93M	159.09M	170.22M	181.02M	183.33M	181.75M	183.49M	186.40M	182.99M	183.69M
Adjusted Diluted Earnings per Share	$0.12	($0.10)	($0.06)	($0.19)	($0.31)	($2.01)	($0.78)	($0.91)	($1.84)	($1.23)	($2.63)
Adjusted Weighted Average Diluted Shares Outstanding	161.79M	165.93M	159.09M	170.22M	181.02M	183.33M	181.75M	183.49M	186.40M	182.99M	183.69M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	152.67M	152.63M	153.38M	160.60M	171.17M	182.06M	181.04M	181.12M	183.93M	187.27M	184.34M
Normalized Net Operating Profit after Tax (NOPAT)	17	9.57	-0.84	-14	-23	-35	-72	-82	-84	-150	-201
Normalized NOPAT Margin	1.48%	0.80%	-0.07%	-1.25%	-2.24%	-3.26%	-6.93%	-7.93%	-8.37%	-14.65%	-20.42%
Pre Tax Income Margin	2.27%	-1.13%	-0.32%	-2.42%	-4.31%	-33.43%	-13.54%	-15.94%	-32.95%	-21.49%	-48.70%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-6,180.79%	-2,133.76%	-439.97%	-245.21%	-124.98%	-65.86%	-62.41%	-39.76%	-8.35%	0.00%	-0.02%

Frequently Asked Questions About Twilio's Financials

When does Twilio's financial year end?

According to the most recent income statement we have on file, Twilio's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Twilio's net income changed over the last 9 years?

Twilio's net income appears to be on an upward trend, with a most recent value of -$109.40 million in 2024, rising from -$35.50 million in 2015. The previous period was -$1.02 billion in 2023. Find out what analysts predict for Twilio in the coming months.

What is Twilio's operating income?

Twilio's total operating income in 2024 was -$53.71 million, based on the following breakdown:

Total Gross Profit: $2.28 billion
Total Operating Expenses: $2.33 billion

How has Twilio revenue changed over the last 9 years?

Over the last 9 years, Twilio's total revenue changed from $166.92 million in 2015 to $4.46 billion in 2024, a change of 2,570.8%.

How much debt does Twilio have?

Twilio's total liabilities were at $1.91 billion at the end of 2024, a 1.9% increase from 2023, and a 4,577.1% increase since 2015.

How much cash does Twilio have?

In the past 9 years, Twilio's cash and equivalents has ranged from $108.84 million in 2015 to $1.48 billion in 2021, and is currently $421.30 million as of their latest financial filing in 2024.

How has Twilio's book value per share changed over the last 9 years?

Over the last 9 years, Twilio's book value per share changed from -6.95 in 2015 to 51.85 in 2024, a change of -846.4%.

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This page (NYSE:TWLO) was last updated on 5/29/2025 by MarketBeat.com Staff

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Twilio (TWLO) Financials

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Twilio (TWLO) Financials

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