TWILIO INC.

The business, in plain English

TWILIO INC. booked $5.1B of revenue in FY2025 in the Technology sector and kept 48.9% of it as gross profit — a solid-margin business by that measure. After every other cost, 0.7% of each revenue dollar reached the bottom line.

Across the filed record, revenue grew from $88.8M (FY2014) to $5.1B (FY2025) — about 44.4% a year compounded over 11 years.

It earned 1.3% on invested capital in the latest filed year, FY2025. Across the full 10-year measurable filed record, median ROIC was −7.1%. Over the v3 recent window (9 measurable filed years), median ROIC was −6.9%. The Returns on Capital filter above scores it 0/100.

The balance sheet carried $992M of total debt in FY2025 against $33.8M of owner earnings — roughly 29.3 years of owner earnings to retire it all. Balance-Sheet Safety scores it 88/100.

Put together: Balance-Sheet Safety is the strongest of the five filters (88/100) and Returns on Capital the weakest (0/100), which is how TWLO lands at 55/100 — a Shallow moat.

This breakdown is generated from the filed numbers and sub-scores above — no outside narrative, no estimates. Where a filing doesn’t disclose an input, the sentence that would need it is omitted instead of guessed.