Twilio Files Q3 2024 10-Q

TL;DR

Twilio's Q3 2024 10-Q is in. Check financials for latest performance.

AI Summary

Twilio Inc. filed its 10-Q for the period ending September 30, 2024. The filing covers the third quarter of 2024, with financial data presented for the nine months ended September 30, 2024, and comparative periods. Key financial statement items and disclosures are included, reflecting the company's ongoing operations and financial position.

Why It Matters

This filing provides investors with the latest financial performance and position of Twilio Inc., crucial for understanding the company's health and future prospects.

Risk Assessment

Risk Level: medium — As a public company filing a quarterly report, there are inherent risks associated with financial performance and market perception.

Key Numbers

• 9 months ended September 30, 2024 — Reporting Period (Primary period covered by the financial statements.)
• 9 months ended September 30, 2023 — Comparative Period (Used for year-over-year comparison of financial performance.)
• Q3 2024 — Quarterly Period (Specific quarter for which financial data is reported.)

Key Players & Entities

• TWILIO INC (company) — Filer
• 2024-09-30 (date) — Period of Report
• 2024-10-31 (date) — Filing Date
• San Francisco (location) — Company Headquarters

FAQ

Key Financial Figures

• $0.001 — stered Class A Common Stock, par value $0.001 per share TWLO New York Stock Exchange

Filing Documents

• twlo-20240930.htm (10-Q) — 1988KB
• twlo-20240930xex311.htm (EX-31.1) — 10KB
• twlo-20240930xex312.htm (EX-31.2) — 10KB
• twlo-20240930xex321.htm (EX-32.1) — 6KB
• twlo-20240930_g1.jpg (GRAPHIC) — 67KB
• 0001447669-24-000178.txt ( ) — 8250KB
• twlo-20240930.xsd (EX-101.SCH) — 41KB
• twlo-20240930_cal.xml (EX-101.CAL) — 91KB
• twlo-20240930_def.xml (EX-101.DEF) — 206KB
• twlo-20240930_lab.xml (EX-101.LAB) — 642KB
• twlo-20240930_pre.xml (EX-101.PRE) — 422KB
• twlo-20240930_htm.xml (XML) — 1110KB

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION Item 1.

Financial Statements (unaudited)

Financial Statements (unaudited) 3 Condensed Consolidated Balance Sheets as of September 30, 2024 and December 31, 2023 3 Condensed Consolidated Statements of Operations for the Three and Nine Months Ended September 30, 2024 and 2023 4 Condensed Consolidated Statements of Comprehensive Income ( Loss ) for the Three and Nine Months Ended September 30, 2024 and 2023 5 Condensed Consolidated Statements of Stockholders' Equity for the Three and Nine Months Ended Sep tember 30, 2024 and 2023 6 Condensed Consolidated Statements of Cash Flows for the Nine Months Ended September 30, 2024 and 2023 10 Notes to Condensed Consolidated Financial Statements 11 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 26 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 42 Item 4.

Controls and Procedures

Controls and Procedures 43

- OTHER INFORMATION

PART II - OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 44 Item 1A.

Risk Factors

Risk Factors 44 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 79 Item 5. Other Information 79 Item 6. Exhibits 80

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

Financial Statements

Item 1. Financial Statements TWILIO INC. Condensed Consolidated Balance Sheets (Unaudited) As of September 30, As of December 31, 2024 2023 (In thousands) ASSETS Current assets: Cash and cash equivalents $ 583,969 $ 655,931 Short-term marketable securities 2,114,279 3,356,064 Accounts receivable, net 550,901 562,773 Prepaid expenses and other current assets 299,173 329,204 Total current assets 3,548,322 4,903,972 Property and equipment, net 194,677 209,639 Operating right-of-use assets 58,509 73,959 Equity method investment 514,977 593,582 Intangible assets, net 265,841 350,490 Goodwill 5,243,266 5,243,266 Other long-term assets 211,665 234,799 Total assets $ 10,037,257 $ 11,609,707 LIABILITIES AND STOCKHOLDERS' EQUITY Current liabilities: Accounts payable $ 71,320 $ 119,615 Accrued expenses and other current liabilities 452,343 424,311 Deferred revenue and customer deposits 138,752 144,499 Operating lease liability, current 38,322 49,872 Total current liabilities 700,737 738,297 Operating lease liability, noncurrent 94,762 120,770 Long-term debt, net 990,173 988,953 Other long-term liabilities 22,718 29,135 Total liabilities 1,808,390 1,877,155 Commitments and contingencies (Note 12) Stockholders' equity: Preferred stock — — Class A common stock 155 182 Additional paid-in capital 15,299,179 14,797,723 Accumulated other comprehensive income 24,395 619 Accumulated deficit ( 7,094,862 ) ( 5,065,972 ) Total stockholders' equity 8,228,867 9,732,552 Total liabilities and stockholders' equity $ 10,037,257 $ 11,609,707 See accompanying notes to condensed consolidated financial statements. 3 TWILIO INC. Condensed Consolidated Statements of Operations (Unaudited) Three Months Ended Nine Months Ended September 30, September 30, 2024 2023 2024 2023 (In thousands, except share and per share amounts) Revenue $ 1,133,649 $ 1,033,670 $ 3,263,201 $ 3,077,995 Cost of revenue 555,020 517,351 1,584,686 1,565,231 Gross pro

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View this 10-Q filing on SEC EDGAR