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Screener / SEC EDGAR /CIK 0001447669 /10-K filed Feb 24, 2026, compared with Feb 26, 2025 /Numbers from the XBRL of the 10-Ks
Technology peers:
MCHPCIENTWLOCDNSCRWDZBRA
NYSE Technology · Software

Twilio TWLO

TWLO quote by TradingView

We envision a world in which every digital interaction is amazing. 10-K, Item 1

Employees
5,587
Headquarters
San Francisco, CA
CEO
Khozema Shipchandler
Next results
around Feb 11, 2027
Compare with peers Embed

Where each dollar of revenue went, FY2025

Revenue of $5.1B through the costs to a net profit of $33.8M · income statement of the 10-K

3% operating margin
Revenue to Gross profit: $2.5BRevenue to Cost of revenue: $2.6BGross profit to Operating profit: $157.8MGross profit to Operating expenses: $2.3BOperating profit to Net profit: $33.8MOperating profit to Tax & other: $124.0MOperating expenses to R&D: $1.0BOperating expenses to Sales, admin & other: $1.3B Revenue: $5.1B REVENUE $5.1B +14% Y/Y Gross profit: $2.5B · 49% margin GROSS PROFIT $2.5B 49% margin · +9% Y/Y Cost of revenue: $2.6B · 51% of revenue COST OF REVENUE $2.6B 51% of revenue Operating profit: $157.8M · 3% margin OPERATING PROFIT $157.8M 3% margin Operating expenses: $2.3B · 46% of revenue OPERATING EXPENSES $2.3B 46% of revenue Net profit: $33.8M · 1% margin NET PROFIT $33.8M 1% margin Tax & other: $124.0M · 2% of revenue TAX & OTHER $124.0M 2% of revenue R&D: $1.0B · 20% of revenue R&D $1.0B 20% of revenue Sales, admin & other: $1.3B · 26% of revenue SALES, ADMIN & OTHER $1.3B 26% of revenue
Gross profit $2.5B 49% margin · +9% Y/Y
Operating profit $157.8M 3% margin
Net profit $33.8M 1% margin
The full income statement, year by year

TWLO among Technology peers

Six ratios from the latest 10-K. Each corner is the share of 74 peers the company is above, not a score.

Compare
Revenue growth: 13.7%, above 46% of 74 peers (their median 14.1%) REVENUE GROWTH 13.7% · above 46% Gross margin: 48.6%, above 28% of 67 peers (their median 58.0%) GROSS MARGIN 48.6% · above 28% Operating margin: 6.8%, above 14% of 70 peers (their median 23.8%) OPERATING MARGIN 6.8% · above 14% Net margin: 21.8%, above 57% of 74 peers (their median 18.9%) NET MARGIN 21.8% · above 57% Return on capital: 1.0%, above 5% of 61 peers (their median 12.7%) RETURN ON CAPITAL 1.0% · above 5%
TWLO Peer median Below the median

What changed

31 new risk paragraphs. 10-K filed Feb 24, 2026 against Feb 26, 2025.

Risk factors
31 new paragraphs, nothing like them in the previous 10-K
10-K Item 1A
Accounting checks
10 other checks clear
10-K · XBRL
Insiders
No open-market buys in the last 90 days
Form 4
Filings
2 in the last 30 days
EDGAR

Each row opens the detail with the quote and the filing. A row is a change worth reading, not a verdict.

Accounting checks

10 checks on the latest 10-K. Checks, not verdicts.

How it works

0facts worth reading about all 10 checks found nothing to note

  • Receivables +8.2% vs revenue +13.7% (-5.5 pts)
  • Cash from operations $1.0B vs net income $33.8M (FY ending Dec 31, 2025)
  • Same auditor in both 10-Ks: KPMG LLP
7 more checks with nothing to note
  • No statement of substantial doubt about going concern
  • No 8-K item 4.02 in the last 2 years
  • No NT 10-K or NT 10-Q in the last 2 years
  • The same matters as last year: Evaluation of the sufficiency of audit evidence over revenue recognition
  • No sentence in the 10-K concludes that controls were not effective because of a material weakness
  • No 8-K item 2.06 in the last 2 years
  • No 8-K item 1.03 in the last 2 years

In their words

31 paragraphs in Risk Factors that were not in the 10-K filed Feb 26, 2025. Quoted as filed.

All 31 new paragraphs
  1. Item 1A · new paragraph · not in the 10-K filed Feb 26, 2025 10-K, ITEM 1A
    Macroeconomic and political conditions and uncertainties have in the past adversely affected, and may in the future adversely affect, our business, results of operations and financial condition, and could exacerbate many of the other risks described in this “Risk Factors” section.
  2. Item 1A · new paragraph · not in the 10-K filed Feb 26, 2025 10-K, ITEM 1A
    Reliance on these providers poses risks to the quality of our services, primarily by limiting our control, operating flexibility, and ability to timely identify and respond to necessary service changes, and by subjecting us to service interruptions or outages. Reliance on such providers in the past has caused, and may in the future…
  3. Item 1A · new paragraph · not in the 10-K filed Feb 26, 2025 10-K, ITEM 1A
    We also face risks related to losing access to these services. Many of these providers do not have long-term committed contracts with us and may interrupt services or terminate their agreements with us without notice. We may not be able to replace these services on a cost-effective basis, or at all, and even if we can, replacing…
  4. Item 1A · new paragraph · not in the 10-K filed Feb 26, 2025 10-K, ITEM 1A
    We depend upon our IT systems to conduct virtually all of our business operations, ranging from our internal operations and research and development activities to our marketing and sales efforts and communications with our customers, vendors and other business partners. Moreover, our platform stores, transmits, and otherwise processes…

New risk paragraphs, against peers

Latest 10-K of each, Technology companies closest in revenue

Paragraphs in Risk Factors with nothing like them in the company's 10-K the year before. A count of text, not of risk.

Financial performance

Last 4 fiscal years · 10-K XBRL

All years
MetricFY2022FY2023FY2024FY2025
Revenue$3.8B$4.2B$4.5B$5.1B
Net income−$1.3B−$1.0B−$109.4M$33.8M
Operating cash flow−$254.4M$414.8M$716.2M$1.0B

Revenue, FY2016 to FY2025

Ten fiscal years, each from its own 10-K · XBRL · USD

$5.1B ▲ 13.7% in FY2025

FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Every number, year by year

Recent filings

2 filings in the last 30 days · SEC EDGAR

All filings

About the company

Twilio, San Francisco, CA · from the 10-K filed Feb 24, 2026

We envision a world in which every digital interaction is amazing. By combining our leading communications capabilities with rich contextual data and artificial intelligence (“AI”), we provide the infrastructure for businesses of all sizes to revolutionize how they engage with their customers by delivering seamless, trusted, and personalized customer experiences at scale.

Headquarters
San Francisco, CA
Country
United States
Reports in
USD
Listed on
NYSE
Fiscal year ends
December 31
Last results
Oct 29, 2026
Incorporated in
DE

Employees, at the top of the page: "As of December 31, 2025, we had a total of 5,587 employees, including 2,738 employees located outside of the United States" (10-K). Address and exchange: SEC's company file.

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Sources

The 10-K filed Feb 24, 2026 (open at SEC), compared with the 10-K filed Feb 26, 2025. Numbers from the XBRL of the 10-Ks; filings from SEC EDGAR.

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