Twilio Inc.

TWLOUS

Twilio Inc. offers a comprehensive cloud-based communications platform, empowering developers to build, scale, and manage customer engagement features directly within their software applications across both U.S. and international markets. Central to its customer engagement solution is a robust suite of application programming interfaces (APIs). These APIs streamline the complex communication logic required for various customer interactions and enable developers to seamlessly integrate voice, messaging, video, and email functionalities into their applications. Established in 2008, Twilio's corporate headquarters are located in San Francisco, California.

Founded2008IPO year2016As of2026-08-04
Market Cap
$30.25B
Enterprise Value
$28.97B
EV / LTM Revenue
5.7x
EV / NTM Revenue
4.7x
Trading multiples

Enterprise value over trailing (LTM) vs. forward (NTM) fundamentals. Click an LTM cell to chart it.

LTM
trailing
NTM
forward
Revenue
4.7x
Gross Profit
9.6x
EBITDA
13.0x
Classification
Sector
Application Software
Sub-sector
Collaboration, Productivity & Work Management
Listing
TWLO
Country
US
Historical valuation & fundamentals

EV / LTM Revenue

Annual financials & analyst forecasts

$MCY2021CY2022CY2023CY2024CY2025CY2026ECY2027E
Revenue YoY35%9%7%14%15%10%
Revenue$2.84B$3.83B$4.15B$4.46B$5.07B$5.82B$6.41B
Gross Profit$1.39B$1.81B$2.04B$2.28B$2.48B
Gross Profit Margin48.9%47.4%49.2%51.1%48.9%
EBITDA($661M)($767M)($106M)$129M$251M$2.10B$2.31B
EBITDA Margin-23.2%-20.0%-2.5%2.9%4.9%36.1%36.1%
EBIT($916M)($1.21B)($877M)($54M)$175M$2.09B$2.30B
Net Income($950M)($1.26B)($1.02B)($109M)$34M$896M$1.04B
Free Cash Flow($148M)($335M)$364M$657M$1.03B
FCF Margin-5.2%-8.7%8.8%14.7%20.4%
Short-Term Debt$0M$0M$0M$0M$0M
Long-Term Debt$986M$987M$989M$991M$992M
Cash & Cash Equivalents$1.48B$652M$656M$421M$682M
Net Debt($494M)$336M$333M$569M$310M
Net Debt / EBITDA4.4x1.2x
Rule of 4025.9%17.3%22.1%34.1%
Figures in $M. True calendar years (Jan–Dec) built from quarterly data — income & cash-flow lines summed across the four quarters, balance sheet as of year-end. E columns are calendarized analyst consensus — gross profit, cash flow and balance-sheet lines are not estimated. Net debt = short-term debt + long-term debt − cash & cash equivalents; Rule of 40 = YoY revenue growth + FCF margin.