Twilio Inc.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $5.07B | $4.46B | $4.15B | $3.83B | $2.84B | $1.76B | $1.13B | $650.1M |
| Cost of Revenue | $2.59B | $2.18B | $2.11B | $2.01B | $1.45B | $846.1M | $525.6M | $300.8M |
| Gross Profit | $2.48B | $2.28B | $2.04B | $1.81B | $1.39B | $915.7M | $608.9M | $349.2M |
| Gross Margin | 48.9% | 51.1% | 49.2% | 47.4% | 48.9% | 52.0% | 53.7% | 53.7% |
| Operating Expenses | ||||||||
| Research & Development | $1.02B | $1.01B | $942.8M | $1.08B | $789.2M | $530.5M | $391.4M | $171.4M |
| SG&A Expense | $410.7M | $449.1M | $468.5M | $517.4M | $472.5M | $310.6M | $218.3M | $117.5M |
| Operating Income | $157.8M | $-53.7M | $-876.5M | $-1.21B | $-915.6M | $-492.9M | $-369.8M | $-115.2M |
| Operating Margin | 3.1% | -1.2% | -21.1% | -31.5% | -32.2% | -28.0% | -32.6% | -17.7% |
| Interest Expense | — | — | — | — | — | — | — | — |
| Pretax Income | $55.1M | $-88.6M | $-996.7M | $-1.24B | $-960.9M | $-504.4M | $-362.2M | $-121.2M |
| Income Tax Expense | $21.3M | $20.8M | $18.7M | $12.5M | $-11.0M | $-13.4M | $-55.2M | $791.0K |
| Net Income | $33.8M | $-109.4M | $-1.02B | $-1.26B | $-949.9M | $-491.0M | $-307.1M | $-121.9M |
| Net Margin | 0.7% | -2.5% | -24.4% | -32.8% | -33.4% | -27.9% | -27.1% | -18.8% |
| EPS (Basic) | $0.22 | $-0.66 | $-5.54 | $-6.86 | $-5.45 | $-3.35 | $-2.36 | $-1.26 |
| EPS (Diluted) | $0.21 | $-0.66 | $-5.54 | $-6.86 | $-5.45 | $-3.35 | $-2.36 | $-1.26 |
| Shares Outstanding (Basic) | 153.0M | 165.9M | 183.3M | 183.0M | 174.2M | 146.7M | 130.1M | 100.1M |
| Shares Outstanding (Diluted) | 159.8M | 165.9M | 183.3M | 183.0M | 174.2M | 146.7M | 130.1M | 100.1M |
| Dividends Per Share | — | — | — | — | — | — | — | — |