Twilio
TWLO NYSE· Systems Software
Last close · Oct 27, 2026
$254.56
KIRA · Stoqly’s AI analyst, in plain words
- Twilio had $5.1B of revenue in fiscal 2025, up 13.7% on the year before. Over five years, revenue changed +23.5% a year on average.
- Its operating margin was 3.1%, up 4.3 pts: of every 100 in sales, about 3 is left after running the business.
- Twilio made $33.8M of net profit in fiscal 2025.
- Free cash flow was $997M in fiscal 2025, 19.7% of revenue.
- Twilio returned $869M to shareholders in fiscal 2025, 87% of free cash flow. The diluted share count fell 3.7%.
- Twilio has $1.5B more cash than debt.
Market cap
$40.7B
P/E
35.4x
Revenue
$5.1B
Net income
$33.8M
Free cash flow
$997M
Operating margin
3.1%
Twilio in 30 seconds · fiscal 2025
Are sales growing?
+13.7%
Yes. Sales grew 13.7% last year.
Does it make a profit?
0.7%
A little. It keeps 0.7% of every sale as profit.
Does profit turn into cash?
19.7%
Yes. 19.7% of sales ends up as free cash.
Is debt under control?
Net cash
Yes. It has more cash than debt.
How healthy are the accounts?
6 / 9
Mixed. It passes 6 of 9 health tests.
How is the share priced?
35.4x
One share costs 35.4 times its yearly profit per share. Typical for its sector: 33.0x.
What Twilio does
Twilio sells tools that let businesses add messaging, voice, email and video to their own apps, and software that helps them manage how they talk to customers. Developers use its application programming interfaces (APIs), the code links that connect one program to another, to send texts, make calls and send email. It also sells products for contact centers, marketing campaigns, and user sign-in and identity checks, and a customer data product called Segment. Twilio earns money from both usage-based and subscription fees. Messaging, Voice, and User Authentication and Identity revenue is mostly recognized by usage. Email and Segment revenue is mostly recognized by subscription. Revenue is seasonal, rising in the fourth quarter with more consumer activity. At the end of 2025 it had over 402,000 Active Customer Accounts, from small and medium-sized businesses to large enterprises. It says its growth has mostly come from winning new customers and from customers using its products more.
Biggest risks, in its own words
- Customers cutting back or ending their use of its products, since much of its revenue depends on usage.
- Failing to win new customers or to raise usage by existing ones at a reasonable cost.
- Intense competition in markets that are changing fast.
- Its history of losses, and the chance it does not reach or keep profitability.
- Fiscal year ends
- December 31, 2025
- Latest annual report
- 10-K · Feb 24, 2026
- Legal name
- TWILIO INC.
- CIK
- 0001447669
Twilio · TWLO
Results and finances
The last 5 fiscal years. Amounts in USD.
| Fiscal year | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Sales and profit | |||||
| Revenue | $2.8B | $3.8B | $4.2B | $4.5B | $5.1B |
| Revenue growth | 61.3% | 34.6% | 8.6% | 7.3% | 13.7% |
| Gross margin | 48.9% | 47.4% | 49.2% | 51.1% | 48.9% |
| Operating margin | −32.2% | −31.5% | −21.1% | −1.2% | 3.1% |
| Net income | −$950M | −$1.3B | −$1.0B | −$109M | $33.8M |
| Net margin | −33.4% | −32.8% | −24.5% | −2.5% | 0.7% |
| Diluted EPS | −$5.45 | −$6.86 | −$5.54 | −$0.66 | $0.21 |
| Cash | |||||
| Cash from operations | −$58.2M | −$254M | $415M | $716M | $1.0B |
| Capital expenditure | $46.0M | $34.4M | $11.3M | $7.0M | $5.8M |
| Free cash flow | −$104M | −$289M | $403M | $709M | $997M |
| FCF margin | −3.7% | −7.6% | 9.7% | 15.9% | 19.7% |
| Dividends paid | $0.0M | $0.0M | $0.0M | $0.0M | $0.0M |
| Share buybacks | $0.0M | $0.0M | $669M | $2.3B | $869M |
| Share count change | 18.7% | 5.1% | 0.2% | −9.5% | −3.7% |
| Debt and strength | |||||
| Cash and short-term investments | $5.4B | $4.2B | $4.0B | $2.4B | $2.5B |
| Debt incl. finance leases | $1.0B | $1.0B | $1.0B | $991M | $992M |
| Shareholders' equity | $11.0B | $10.6B | $9.7B | $8.0B | $7.8B |
| Net debt / EBITDA | — | — | — | −9.2x | −4.2x |
| Current ratio | 8.4x | 6.2x | 6.6x | 4.2x | 4.0x |
| Interest coverage | −44.4x | −32.1x | −22.8x | −1.4x | 4.2x |
| Returns and quality | |||||
| Return on capital | −11.6% | −13.5% | −9.8% | −0.6% | 1.5% |
| Return on equity | −9.8% | −11.6% | −10.0% | −1.2% | 0.4% |
| Piotroski F-score | 2 | 3 | 6 | 6 | 6 |
| Altman Z'' | 7.5 | 6.2 | 5.9 | 3.6 | 3.3 |
Insiders bought, 12 months
$0.0M
0 insiders
Insiders sold, 12 months
$619M
7 insiders
Of sales under plans
5%
$33.8M
How to read these numbers
- Revenue:
- Total sales reported in the income statement.
- Operating margin:
- Operating income as a share of revenue.
- Net income:
- Profit after all expenses, interest and tax.
- Free cash flow:
- Cash from operations minus capital spending.
- Net debt / EBITDA:
- Years of EBITDA needed to pay off net debt. Below zero means more cash than debt.
- Return on capital:
- After-tax operating income as a share of the money invested in the business: debt plus equity, minus cash.
Twilio · TWLO
Charts and comparison
Ten years at a glance, and how it stacks up against similar companies.
Revenue
Net income
Margins, % of revenue
Cash vs debt (incl. leases)
Free cash flow
Dividends and buybacks
Similar companies
Each company’s latest fiscal year. Fiscal years end in different months, so periods don’t line up exactly.
| Company | Market cap | Growth | Op. margin | FCF margin | ROIC | P/E | F-score |
|---|---|---|---|---|---|---|---|
| Twilio TWLO | $40.7B | 13.7% | 3.1% | 19.7% | 1.5% | 35.4x | 6 |
| Gen Digital GEN | $14.6B | 27.1% | 42.4% | 30.5% | 13.7% | 14.2x | 7 |
| CrowdStrike CRWD | $279.9B | 21.7% | −6.1% | 27.2% | — | — | 4 |
| Fortinet FTNT | $136.9B | 14.2% | 30.7% | 32.7% | — | 65.4x | 5 |
| Zscaler ZS | $41.7B | 25.4% | −4.0% | 25.4% | — | — | 3 |
Price compared with profit (P/E)
How many times its yearly profit per share one share costs. Higher means investors pay more for each unit of profit.
KIRA
At $254.56 a share, the company is worth $40.7B: 35.4 times its earnings of the last four quarters.
Twilio grew sales faster than 0 of its 4 similar companies. Its P/E is higher than 1 of 2.
Source: SEC EDGAR XBRL filings (CIK 0001447669). Data updated October 9, 2026. For information only — not investment advice. Check the original filings before relying on any figure.