TWLO: financial statements from SEC

Income statement

Metric	Dec 31, 2025	Dec 31, 2024
Revenue	5.07bn	4.46bn
Cost of revenue	2.59bn	2.18bn
Gross profit	2.48bn	2.28bn
Research and development	1.02bn	1.01bn
Selling, general and administrative	411m	449m
Operating expenses	2.32bn	2.33bn
Operating income	158m	−54m
Pre-tax income	55m	−89m
Income tax	21m	21m
Net income	34m	−109m
Earnings per share	0.22	−0.66
Earnings per share, diluted	0.21	−0.66
Weighted average shares	153m	166m
Weighted average shares, diluted	160m	166m

Metric	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	Jun 30, 2025	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024
Cash and equivalents	542m	682m	735m	969m	467m	421m	584m	755m
Receivables	711m	637m	613m	588m	578m	589m	551m	537m
Current assets	3.45bn	3.58bn	3.48bn	3.53bn	3.47bn	3.45bn	3.55bn	3.96bn
Goodwill	5.29bn	5.29bn	5.24bn	5.24bn	5.24bn	5.24bn	5.24bn	5.24bn
Total assets	9.58bn	9.77bn	9.71bn	9.85bn	9.81bn	9.87bn	10.04bn	10.51bn
Current liabilities	740m	887m	742m	720m	726m	820m	701m	711m
Long-term debt	993m	992m	992m	991m	991m	991m	990m	990m
Total liabilities	1.79bn	1.95bn	1.82bn	1.80bn	1.81bn	1.91bn	1.81bn	1.83bn
Equity	7.78bn	7.82bn	7.90bn	8.04bn	8.00bn	7.95bn	8.23bn	8.68bn
Shares outstanding	—	152m	—	—	—	153m	—	—
Shares issued	—	152m	—	—	—	153m	—	—

Metric	Dec 31, 2025	Dec 31, 2024
Operating cash flow	1.00bn	716m
Depreciation and amortisation	195m	206m
Share-based compensation	600m	617m
Investing cash flow	81m	1.37bn
Share buybacks	869m	2.33bn
Financing cash flow	−833m	−2.31bn