Forensic Analysis · Software & SaaS · as of Nov 9, 2026

Twilio Inc (TWLO)

A forensic read on Twilio Inc built from its complete SEC filings — financial-health screens, earnings quality, red flags and a price-aware rating. Reproducible math, not opinion.

B · Sound & dependable

Forensic grade

Safe

Financial health

3.3

Distress distance

Clean

Earnings quality

Forensic signals

0.4%

ROE

13.7%

Revenue growth

This free snapshot doesn't read filing or proxy text, so the auditor-quality and governance checks that can lower a grade were not evaluated (auditor quality, say on pay, board independence, going concern). Those checks only ever lower a grade, so the full analysis can land below the grade above but never above it — treat it as the most favourable reading, not the settled one.

Twilio Inc earns a B (Sound & dependable) forensic quality grade, and its balance-sheet distress test reads 3.3, placing it in the Safe zone. 1 forensic signal was flagged in its latest SEC filings, led by return on invested capital.

What the filings flag

1.2%

FY2025

Return on invested capital. Return on invested capital is 1.2% in the latest fiscal year and rising across FY2023–FY2025 from -6.8%. After-tax operating profit was ($692M) in FY2023 and $103M in FY2025, with operating income at -21.1% of revenue in FY2023, -1.2% in FY2024 and 3.1% in FY2025. The capital base behind it came down -18% across FY2023–FY2025, from $10.2B to $8.4B, so this return is struck on a smaller base than it started on. $1.9B of the $8.4B base at FY2025 is short-term investments (22.3%) — securities held beside cash, which the base keeps because only cash is subtracted from it; they earn the balance sheet's yield, which is not in the operating profit above, so this rate understates what the operating capital earns. FY2023's operating profit carried a $166M restructuring charge and a $35M asset write-down that took about 1.6 points off that year's return, and FY2025's carried a $15M restructuring charge that took about 0.1 points off the latest; so, net of each other, the two charges add about 1.5 points to the +8.0-point change across FY2023–FY2025. A non-cash write-down lowers the reported return in the year it lands.

Key fundamentals

Latest Revenue$5.07B

Revenue Growth YoY+13.7%

Revenue CAGR (2yr)+10.4%

Net Margin0.7%

Free Cash Flow$997.4M

Return on Equity0.4%

Debt / Equity0.13x

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Data from SEC EDGAR public filings · metrics as of Nov 9, 2026. Forensic signals flag probability, not certainty.

See a wrong number? Report an error with the filing it should match.