TWILIO INC
For the period ended Dec 31, 2025. Filed Feb 24, 2026.
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A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 24, 2026
TWLO$214.21+3.7%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
| Year Ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: · (In thousands) | |||
| Net income (loss) | $33,834 | $(109,403) | $(1,015,441) |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities: | |||
| Depreciation and amortization | 195,444 | 205,984 | 284,413 |
| Non-cash reduction to the right-of-use asset | 22,000 | 19,095 | 26,971 |
| Net amortization of investment premium and discount | (14,132) | (22,940) | (44) |
| Impairment of long-lived assets | 1,849 | — | 320,504 |
| Stock-based compensation | 600,407 | 616,607 | 675,857 |
| Amortization of deferred commissions | 74,533 | 76,348 | 72,892 |
| Realized and unrealized (gains) losses on equity securities | (1,016) | 1,681 | 8,043 |
| Provision for doubtful accounts | 8,230 | 35,393 | 51,859 |
| Value of shares of Class A common stock issued and donated to charity | 9,935 | 5,907 | 5,346 |
| Share of losses from equity method investment | 101,217 | 108,481 | 121,897 |
| Impairment of equity method investment | 80,629 | — | — |
| Impairment of strategic investments | — | 8,220 | 46,154 |
| Loss on net assets divested | — | — | 32,277 |
| Other adjustments | 4,182 | 5,009 | 14,669 |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (55,067) | (61,160) | (85,093) |
| Prepaid expenses and other current assets | 10,552 | (153,470) | (56,283) |
| Other long-term assets | (122,203) | (47,077) | (2,328) |
| Accounts payable | (14,973) | (20,256) | 12,370 |
| Accrued expenses and other current liabilities | 102,652 | 87,434 | (51,816) |
| Deferred revenue and customer deposits | 2,038 | 11,181 | 5,371 |
| Operating lease liabilities | (35,592) | (48,759) | (56,340) |
| Other long-term liabilities | (1,275) | (2,034) | 3,474 |
| Net cash provided by operating activities | 1,003,244 | 716,241 | 414,752 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | |||
| Acquisitions, net of cash acquired and payments related to prior period acquisitions | (61,496) | — | (5,770) |
| Divestitures, net of cash divested | — | — | 38,194 |
| Purchases of marketable securities and other investments | (1,050,858) | (923,863) | (1,953,003) |
| Proceeds from sales and maturities of marketable securities and other investments | 1,251,119 | 2,353,486 | 2,200,417 |
| Capitalized software development costs | (51,969) | (51,808) | (39,925) |
| Purchases of long-lived and intangible assets | (5,848) | (6,978) | (11,310) |
| Net cash provided by investing activities | 80,948 | 1,370,837 | 228,603 |
| CASH FLOWS FROM FINANCING ACTIVITIES: | |||
| Principal payments on finance leases | (5,306) | (12,558) | (16,134) |
| Value of equity awards withheld for tax liabilities | (213) | (2,000) | (2,565) |
| Repurchases of shares of Class A common stock and related costs | (868,939) | (2,334,400) | (668,751) |
| Proceeds from exercises of stock options and shares of Class A common stock issued under ESPP | 41,363 | 37,386 | 43,840 |
| Net cash used in financing activities | (833,095) | (2,311,572) | (643,610) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | — | — | 108 |
| NET INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH | 251,097 | (224,494) | (147) |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH—Beginning of period | 431,437 | 655,931 | 656,078 |
| CASH, CASH EQUIVALENTS AND RESTRICTED CASH —End of period | $682,534 | $431,437 | $655,931 |
| Cash paid for income taxes, net | $17,711 | $36,547 | $37,818 |
| Cash paid for interest | $37,578 | $37,904 | $38,389 |
| RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH TO THE CONSOLIDATED BALANCE SHEETS | |||
| Cash and cash equivalents | $682,335 | $421,297 | $655,931 |
| Restricted cash in other current assets | 199 | — | — |
| Restricted cash in other long-term assets | — | 10,140 | — |
| Total cash, cash equivalents and restricted cash | $682,534 | $431,437 | $655,931 |
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