Twilio (TWLO) Financials

$100.94 -2.11 (-2.05%)

Closing price 03:59 PM Eastern

Extended Trading

$100.44 -0.50 (-0.50%)

As of 05:31 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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Period end date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-39	-41	-64	-122	-307	-491	-950	-1,256	-1,015	-109
Consolidated Net Income / (Loss)	-36	-41	-64	-122	-307	-491	-950	-1,256	-1,015	-109
Net Income / (Loss) Continuing Operations	-36	-41	-64	-122	-307	-491	-950	-1,256	-1,015	-109
Total Pre-Tax Income	-35	-41	-63	-121	-362	-504	-961	-1,244	-997	-89
Total Operating Income	-35	-41	-66	-115	-370	-493	-916	-1,205	-877	-54
Total Gross Profit	92	157	216	349	609	916	1,391	1,814	2,044	2,278
Total Revenue	167	277	399	650	1,134	1,762	2,842	3,826	4,154	4,458
Operating Revenue	167	277	399	650	1,134	1,762	2,842	3,826	4,154	4,458
Total Cost of Revenue	74	121	183	301	526	846	1,451	2,013	2,110	2,180
Operating Cost of Revenue	74	121	183	301	526	846	1,451	2,013	2,110	2,180
Total Operating Expenses	128	198	282	464	979	1,409	2,306	3,019	2,920	2,332
Selling, General & Admin Expense	36	51	61	118	218	311	472	517	468	449
Marketing Expense	49	65	101	176	369	567	1,045	1,248	1,023	861
Research & Development Expense	43	78	121	171	391	531	789	1,079	943	1,009
Impairment Charge	-	-	-	-	-	0.00	0.00	98	321	0.00
Restructuring Charge	-	-	-	-	-	0.00	0.00	77	166	13
Total Other Income / (Expense), net	0.01	0.32	3.07	-5.92	7.57	-12	-45	-38	-120	-35
Interest & Investment Income	-	-	-	-	-	0.00	0.00	-35	-122	-108
Other Income / (Expense), net	0.01	0.32	3.07	-5.92	7.57	-12	-45	-3.01	1.71	74
Income Tax Expense	0.12	0.33	0.71	0.79	-55	-13	-11	13	19	21
Basic Earnings per Share	($2.19)	($0.78)	($0.70)	($1.26)	($2.36)	($3.35)	($5.45)	($6.86)	($5.54)	($0.66)
Weighted Average Basic Shares Outstanding	17.75M	53.12M	91.22M	97.13M	130.08M	146.71M	174.18M	182.99M	183.33M	165.93M
Diluted Earnings per Share	($2.19)	($0.78)	($0.70)	($1.26)	($2.36)	($3.35)	($5.45)	($6.86)	($5.54)	($0.66)
Weighted Average Diluted Shares Outstanding	17.75M	53.12M	91.22M	97.13M	130.08M	146.71M	174.18M	182.99M	183.33M	165.93M
Weighted Average Basic & Diluted Shares Outstanding	17.75M	53.12M	91.22M	97.13M	130.08M	146.71M	181.52M	187.27M	182.06M	152.63M

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

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-482	-229	-342	-166	-142	-365	-55	-32	-9.73	-12
Consolidated Net Income / (Loss)	-482	-229	-342	-166	-142	-365	-55	-32	-9.73	-12
Net Income / (Loss) Continuing Operations	-482	-229	-342	-166	-142	-365	-55	-32	-9.73	-12
Total Pre-Tax Income	-479	-220	-332	-165	-140	-360	-45	-26	-3.65	-14
Total Operating Income	-457	-219	-264	-142	-109	-362	-44	-19	-4.89	14
Total Gross Profit	462	481	491	506	516	531	544	556	579	600
Total Revenue	983	1,025	1,007	1,038	1,034	1,076	1,047	1,083	1,134	1,195
Operating Revenue	983	1,025	1,007	1,038	1,034	1,076	1,047	1,083	1,134	1,195
Total Cost of Revenue	521	543	516	532	517	545	503	527	555	595
Operating Cost of Revenue	521	543	516	532	517	545	503	527	555	595
Total Operating Expenses	919	700	755	648	625	893	588	575	584	586
Selling, General & Admin Expense	135	125	113	135	114	107	112	114	106	117
Marketing Expense	329	296	260	262	263	239	214	218	213	217
Research & Development Expense	285	274	239	227	242	236	252	244	261	253
Restructuring Charge	72	4.19	122	15	3.44	25	9.95	-0.31	3.69	-0.06
Total Other Income / (Expense), net	-22	-1.66	-68	-24	-31	2.07	-1.66	-7.21	1.24	-27
Interest & Investment Income	-13	-22	-30	-32	-31	-28	-30	-25	-25	-29
Other Income / (Expense), net	-8.37	20	-37	8.75	0.00	30	28	17	27	1.74
Income Tax Expense	3.58	9.20	10	0.74	1.75	5.75	10	5.62	6.08	-1.09
Basic Earnings per Share	($2.63)	($1.23)	($1.84)	($0.91)	($0.78)	($2.01)	($0.31)	($0.19)	($0.06)	($0.10)
Weighted Average Basic Shares Outstanding	183.69M	182.99M	186.40M	183.49M	181.75M	183.33M	181.02M	170.22M	159.09M	165.93M
Diluted Earnings per Share	($2.63)	($1.23)	($1.84)	($0.91)	($0.78)	($2.01)	($0.31)	($0.19)	($0.06)	($0.10)
Weighted Average Diluted Shares Outstanding	183.69M	182.99M	186.40M	183.49M	181.75M	183.33M	181.02M	170.22M	159.09M	165.93M
Weighted Average Basic & Diluted Shares Outstanding	184.34M	187.27M	183.93M	181.12M	181.04M	182.06M	171.17M	160.60M	153.38M	152.63M

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

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	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Change in Cash & Equivalents	-164	19	-17	43	-4.47	-22	17	100	-171	-170
Net Cash From Operating Activities	-116	-58	-98	84	206	223	190	213	204	108
Net Cash From Continuing Operating Activities	-116	-58	-98	84	206	223	190	213	204	108
Net Income / (Loss) Continuing Operations	-482	-229	-342	-166	-142	-365	-55	-32	-9.73	-12
Consolidated Net Income / (Loss)	-482	-229	-342	-166	-142	-365	-55	-32	-9.73	-12
Depreciation Expense	70	71	71	75	73	65	53	52	51	50
Amortization Expense	23	22	21	20	17	14	13	12	14	15
Non-Cash Adjustments To Reconcile Net Income	355	237	285	249	255	500	199	185	191	219
Changes in Operating Assets and Liabilities, net	-81	-159	-133	-94	3.41	8.52	-20	-4.69	-42	-163
Net Cash From Investing Activities	-47	66	202	307	-144	-137	190	785	267	129
Net Cash From Continuing Investing Activities	-47	66	202	307	-144	-137	190	785	267	129
Purchase of Property, Plant & Equipment	-42	-16	-17	-12	-11	-12	-13	-16	-15	-15
Purchase of Investments	-315	-288	-136	-376	-880	-561	-436	-154	-150	-184
Sale and/or Maturity of Investments	311	373	355	695	715	436	638	955	432	328
Net Cash From Financing Activities	-1.15	12	-122	-348	-67	-107	-363	-898	-643	-408
Net Cash From Continuing Financing Activities	-1.15	12	-122	-348	-67	-107	-363	-898	-643	-408
Repayment of Debt	-3.20	-4.04	-7.35	-2.45	-3.96	-2.37	-4.83	-2.23	-3.15	-2.35
Repurchase of Common Equity	-	-	-115	-370	-64	-120	-357	-917	-641	-420
Issuance of Common Equity	2.06	16	-	-	0.87	15	-	-	0.97	15
Other Financing Activities, net	-0.01	-0.02	0.81	-3.32	-0.03	-0.03	-1.50	-0.47	-0.02	-0.02
Cash Interest Paid	19	-	19	0.51	19	0.17	19	0.11	19	0.06
Cash Income Taxes Paid	1.33	1.93	3.48	14	5.34	15	11	8.71	5.75	11

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

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

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

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

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

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

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 5/6/2025 by MarketBeat.com Staff

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Twilio (TWLO) Financials

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Twilio (TWLO) Financials

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