Financial Statements — TWLO
Balance Sheet
(in billions USD)| Metric | Q1
2026 | Q3
2025 | Q2
2025 | Q1
2025 | Q3
2024 | Q2
2024 | Q1
2024 | Q3
2023 | Q2
2023 | Q1
2023 | Q3
2022 | Q2
2022 | Q1
2022 | Q3
2021 | Q2
2021 | Q1
2021 |
|---|
| Cash & Equivalents | 0.54 | 0.73 | 0.97 | 0.47 | 0.58 | 0.76 | 0.67 | 0.68 | 0.68 | 0.63 | 0.63 | 0.80 | 1.62 | 1.50 | 1.80 | 2.33 |
| Accounts Receivable | 0.71 | 0.61 | 0.59 | 0.58 | 0.55 | 0.54 | 0.54 | 0.56 | 0.60 | 0.58 | 0.49 | 0.47 | 0.41 | 0.35 | 0.30 | 0.26 |
| Total Current Assets | 3.45 | 3.48 | 3.53 | 3.47 | 3.55 | 3.96 | 4.68 | 4.74 | 4.66 | 4.86 | 4.96 | 5.10 | 5.83 | 5.91 | 6.37 | 6.09 |
| Property, Plant & Equipment | 0.18 | 0.18 | 0.18 | 0.18 | 0.19 | 0.20 | 0.20 | 0.22 | 0.24 | 0.25 | 0.26 | 0.26 | 0.26 | 0.24 | 0.21 | 0.20 |
| Goodwill | 5.29 | 5.24 | 5.24 | 5.24 | 5.24 | 5.24 | 5.24 | 5.24 | 5.24 | 5.28 | 5.28 | 5.29 | 5.29 | 5.26 | 4.66 | 4.64 |
| Intangible Assets | 0.12 | 0.15 | 0.18 | 0.21 | 0.26 | 0.29 | 0.32 | 0.67 | 0.72 | 0.79 | 0.90 | 0.95 | 1.00 | 1.10 | 0.91 | 0.95 |
| Total Non-current Assets* | 6.13 | 6.23 | 6.32 | 6.35 | 6.49 | 6.54 | 6.61 | 7.12 | 7.24 | 7.44 | 7.65 | 7.76 | 7.06 | 7.07 | 6.16 | 6.15 |
| Total Assets | 9.58 | 9.71 | 9.85 | 9.81 | 10.04 | 10.51 | 11.29 | 11.86 | 11.90 | 12.30 | 12.61 | 12.87 | 12.89 | 12.98 | 12.53 | 12.24 |
| Accounts Payable | 0.09 | 0.04 | 0.08 | 0.11 | 0.07 | 0.06 | 0.08 | 0.10 | 0.09 | 0.12 | 0.10 | 0.10 | 0.09 | 0.08 | 0.11 | 0.07 |
| Total Current Liabilities | 0.74 | 0.74 | 0.72 | 0.73 | 0.70 | 0.71 | 0.71 | 0.73 | 0.76 | 0.79 | 0.86 | 0.80 | 0.72 | 0.62 | 0.58 | 0.50 |
| Long-term Debt | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 0.99 | 1.22 |
| Total Non-current Liabilities* | 1.05 | 1.07 | 1.08 | 1.08 | 1.11 | 1.12 | 1.13 | 1.15 | 1.17 | 1.19 | 1.22 | 1.23 | 1.25 | 1.28 | 1.26 | 1.50 |
| Total Liabilities | 1.79 | 1.82 | 1.80 | 1.81 | 1.81 | 1.83 | 1.84 | 1.88 | 1.93 | 1.98 | 2.08 | 2.03 | 1.97 | 1.90 | 1.84 | 1.99 |
| Retained Earnings | (8.51) | (8.10) | (7.79) | (7.63) | (7.09) | (6.45) | (5.51) | (4.58) | (4.38) | (3.84) | (3.15) | (2.66) | (2.34) | (1.83) | (1.60) | (1.38) |
| Total Stockholder Equity | 7.78 | 7.90 | 8.04 | 8.00 | 8.23 | 8.68 | 9.45 | 9.98 | 9.98 | 10.32 | 10.53 | 10.84 | 10.92 | 11.08 | 10.69 | 10.25 |
* Derived from reported values
Income Statement
(in billions USD) (except per-share rows)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Total Revenue | 1.41 | 1.37 | 1.30 | 1.23 | 1.17 | 1.19 | 1.13 | 1.08 | 1.05 | 1.08 | 1.03 | 1.04 | 1.01 | 1.02 | 0.98 | 0.94 | 0.88 | 0.84 | 0.74 | 0.67 |
| Cost of Revenue | 0.72 | 0.70 | 0.67 | 0.63 | 0.59 | 0.60 | 0.56 | 0.53 | 0.50 | 0.54 | 0.52 | 0.53 | 0.52 | 0.54 | 0.52 | 0.50 | 0.45 | 0.45 | 0.38 | 0.34 |
| Gross Profit | 0.68 | 0.66 | 0.63 | 0.60 | 0.58 | 0.60 | 0.58 | 0.56 | 0.54 | 0.53 | 0.52 | 0.51 | 0.49 | 0.48 | 0.46 | 0.45 | 0.43 | 0.40 | 0.36 | 0.33 |
| Research & Development | 0.26 | 0.26 | 0.26 | 0.24 | 0.25 | 0.25 | 0.26 | 0.24 | 0.25 | 0.24 | 0.24 | 0.23 | 0.24 | 0.27 | 0.28 | 0.28 | 0.24 | 0.22 | 0.21 | 0.18 |
| Selling, General & Admin | 0.10 | 0.11 | 0.11 | 0.10 | 0.09 | 0.12 | 0.11 | 0.11 | 0.11 | 0.11 | 0.11 | 0.13 | 0.11 | 0.13 | 0.14 | 0.14 | 0.11 | 0.13 | 0.12 | 0.11 |
| Total Operating Expenses | 0.58 | 0.61 | 0.59 | 0.57 | 0.56 | 0.59 | 0.58 | 0.57 | 0.59 | 0.89 | 0.63 | 0.65 | 0.75 | 0.70 | 0.92 | 0.76 | 0.64 | 0.68 | 0.60 | 0.53 |
| Operating Income | 0.11 | 0.06 | 0.04 | 0.04 | 0.02 | 0.01 | -0.00 | (0.02) | (0.04) | (0.36) | (0.11) | (0.14) | (0.26) | (0.22) | (0.46) | (0.31) | (0.22) | (0.28) | (0.23) | (0.20) |
| Pretax Income | 0.10 | (0.04) | 0.03 | 0.03 | 0.03 | (0.01) | -0.00 | (0.03) | (0.05) | (0.36) | (0.14) | (0.17) | (0.33) | (0.22) | (0.48) | (0.32) | (0.22) | (0.29) | (0.24) | (0.23) |
| Tax Provision | 0.01 | 0.01 | -0.00 | 0.01 | 0.01 | -0.00 | 0.01 | 0.01 | 0.01 | 0.01 | 0.00 | 0.00 | 0.01 | 0.01 | 0.00 | 0.00 | -0.00 | 0.00 | (0.01) | 0.00 |
| Net Income | 0.09 | (0.05) | 0.04 | 0.02 | 0.02 | (0.01) | (0.01) | (0.03) | (0.06) | (0.37) | (0.14) | (0.17) | (0.34) | (0.23) | (0.48) | (0.32) | (0.22) | (0.29) | (0.22) | (0.23) |
| Basic EPS | 0.59 | (0.30) | 0.24 | 0.15 | 0.13 | (0.10) | (0.06) | (0.19) | (0.31) | (2.01) | (0.78) | (0.91) | (1.84) | (1.23) | (2.63) | (1.77) | (1.23) | (1.64) | (1.26) | (1.31) |
| Diluted EPS | 0.57 | (0.28) | 0.23 | 0.14 | 0.12 | (0.10) | (0.06) | (0.19) | (0.31) | (2.01) | (0.78) | (0.91) | (1.84) | (1.23) | (2.63) | (1.77) | (1.23) | (1.64) | (1.26) | (1.31) |
Cash Flow Statement
(in millions USD)| Metric | Q1
2026 | Q4
2025 | Q3
2025 | Q2
2025 | Q1
2025 | Q4
2024 | Q3
2024 | Q2
2024 | Q1
2024 | Q4
2023 | Q3
2023 | Q2
2023 | Q1
2023 | Q4
2022 | Q3
2022 | Q2
2022 | Q1
2022 | Q4
2021 | Q3
2021 | Q2
2021 |
|---|
| Operating Cash Flow | 153.21 | 271.56 | 263.56 | 277.08 | 191.04 | 108.45 | 204.33 | 213.34 | 190.12 | 222.55 | 206.43 | 83.65 | (97.87) | (58.45) | (115.77) | (62.57) | (17.57) | (38.24) | (46.17) | 21.72 |
| Capital Expenditures | 4.15 | 1.45 | 2.24 | 1.00 | 1.16 | 3.43 | 0.79 | 1.09 | 1.67 | 2.29 | 0.77 | 1.50 | 6.75 | -- | 17.86 | 3.80 | 6.98 | 12.47 | 21.44 | 7.15 |
| Free Cash Flow* | 149.05 | 270.11 | 261.33 | 276.08 | 189.88 | 105.02 | 203.54 | 212.26 | 188.45 | 220.25 | 205.66 | 82.14 | (104.62) | -- | (133.63) | (66.36) | (24.55) | (50.72) | (67.61) | 14.56 |
| Investing Cash Flow | (41.19) | (140.43) | (161.50) | 402.02 | (19.14) | 129.10 | 267.36 | 784.61 | 189.77 | (137.14) | (144.03) | 307.31 | 202.47 | 65.70 | (46.52) | (786.60) | 150.97 | (38.26) | (270.25) | (815.47) |
| Financing Cash Flow | (252.57) | (183.43) | (347.95) | (175.91) | (125.79) | (407.77) | (642.78) | (897.79) | (363.23) | (107.39) | (66.86) | (347.82) | (121.54) | 11.76 | (1.15) | 30.30 | 4.11 | 57.03 | 14.44 | 265.41 |
* Derived from reported values
