Twilio is a cloud-based communications platform-as-a-service company offering communication building blocks that allow for a fully customized customer engagement experience spanning voice, video, chat, and SMS messaging.
It is a $44.8B technology company. Revenue grew 17.8% over the last year, it keeps 21¢ of every dollar of sales as profit, and it holds more cash than debt. It trades at 38.7× earnings — in the cheapest third of its own history.
- Website
- twilio.com
- Location
- San Francisco, CA
- Employees
- 5 587
- Sector
- Technology
- Founded
- 2010
Skills
Six independent scores, 0–100, built from reported numbers and valuation history. Click a row to see how it was scored.
Valuation, Growth, Profitability and Moat lag behind.
Valuation42
- P/E vs own history20th pct · 25/25
- FCF yield2.4% · 5/25
- P/S8.0x · 12/25
- EV/EBITDA137.2x · 0/25
Growth20
- Revenue CAGR15.6% · 20/25
- Net income CAGRn/a · 0/25
- EPS CAGR ~5Yn/a · 0/25
- Fwd implied growth-20.7% · 0/25
Profitability47
- ROIC0.5% · 5/25
- ROE14.2% · 12/25
- Net margin20.6% · 25/25
- Operating margin5.2% · 5/25
Health53
- Altman Zn/a · 0/25
- Current ratio4.62 · 25/25
- Interest coverage1.5x · 3/25
- Net cash / debtNet cash · 25/25
Quality52
- Piotroski F6/9 · 15/25
- Beneish M-2.87 · 25/25
- FCF conversionn/a · 0/25
- Margin stabilityσ 13.3% · 12/25
Moat20
- ROIC >12% years0/9 yrs · 0/25
- Median gross margin51.5% · 20/25
- FCF-positive years2/6 yrs · 0/25
- Worst-year net marginworst -33.4% · 0/25
Experience
The company's career so far — founding, the IPO, landmark products and acquisitions, plus revenue milestones and insider buying.
- FY2025FinancialTurned profitable$33.8M net income after a loss year
- FY2025FinancialBest year on record$33.8M net income
- 2025AcquisitionTwilio announced its agreement to acquire Stytch, an identity platform for AI agents
- 2020AcquisitionTwilio announced in July 2020 that it had acquired Electric Imp, an internet of things platform company, for an…
- FY2019FinancialRevenue crossed $1B$1.13B for the year
- 2018AcquisitionThe company acquired Core Network Dynamics GmbH, a Berlin, Germany-based virtual evolved packet…
- 2017AcquisitionTwilio acquired Beepsend, a Swedish-based SMS messaging provider, for an undisclosed amount
- Jun 23, 2016IPOTwilio's initial public offering took place on the New York Stock Exchange on June 23, 2016
- 2015AcquisitionTwilio has acquired a number of companies since 2015, including the two-factor authentication service Authy and…
- 2010FoundedAn early example is GroupMe, which was founded in May 2010 at the hackathon of TechCrunch Disrupt and uses Twilio's…
- 2010ProductTwilio's text messaging API was released in February 2010, and SMS shortcodes were released in public beta in July 2011
- 2009MilestoneTwilio received its first round of seed funding in March 2009 for an undisclosed amount from Mitch Kapor, The…
- Nov 20, 2008ProductThe company launched Twilio Voice, an API to make and receive phone calls completely hosted in…
Achievements
Verifiable track record, straight from the reported numbers.
Strengths & watch-outs
What a bull and a bear would each point to. Both lists come from the reported numbers, not opinions.
Strengths
- High gross margin (48.5%)
- Strongly profitable — 20.6% net margin
- Revenue growing 17.8% year over year
- Strong cash conversion — FCF is 19.0% of revenue
- Net cash position after subtracting debt from cash
Watch-outs
- Thin interest coverage (1.5×)
- Loss-making in 9 of the recent years
Qualifications
The basics a company should meet before you research it further. Each check uses the reported numbers.
- Revenue growing — the company sells more than a year ago+17.8% YoY
- Profitable — makes more than it spends$1.15B TTM
- Profit growing — earnings are higher than last year+130.9% YoY
- Generates cash — cash left after running and investing$1.06B TTM
- Debt under control — could handle its obligationsmore cash than debt
- Established company — not a micro-cap — lower blow-up risk$44.8B market cap
- Not printing shares — share count not ballooning — you keep your slice-8.3% shares over ~5y
- Proven track record — years of profitability behind it1/10 profitable years
- Financially stable — balance sheet not near distresshealth score 28/100
- Pays a dividend — returns cash to shareholdersno data
- Valuation not extreme — price not wildly above earningsP/E 38.7
Peer comparisonTwilio Inc. vs 6 largest technology peers — cap, P/E, growth and margin side by sideOpen ▾Close ▴
| Company | Market cap | P/E | Revenue growth | Net margin | Profile |
|---|---|---|---|---|---|
| TWLO this company | $44.8B | 38.7 | +17.8% | 20.6% | Strained |
| NVDA Nvidia Corp | $5.5T | 28.6 | +83.4% | 63.7% | Mixed |
| AAPL Apple Inc. | $4.9T | 38.1 | +14.2% | 27.6% | Strong |
| GOOGL Alphabet Inc. | $4.3T | 17.6 | +20.1% | 54.8% | Mixed |
| MSFT Microsoft Corp | $4.0T | 29.7 | +17.8% | 40.3% | Strong |
| SPCX Space Exploration Technologies Corp. | $2.1T | — | +33.2% | -34.0% | Strained |
| META Meta Platforms, Inc. | $1.8T | 26.9 | +27.7% | 29.8% | Mixed |
Head-to-head: TWLO vs NVDA · TWLO vs AAPL · TWLO vs GOOGL
References
What covering analysts publish about the company — information only, not a recommendation.
Appendix · Financial records
The full statements behind this CV, FY2016–FY2025. For readers who want to check the numbers.
Live data and quarterly detail: stockcv.com/TWLO
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Deeper analysis of TWLO on PreMarketPriceFigures are derived from company filings (quarterly values normalised from as-filed year-to-date data where applicable) and may be delayed, restated or incomplete. This page is information, not investment advice. Latest price $291.89 · market cap $44.8B.