Filing Flows › Twilio (TWLO) › Q4 2025
Twilio (TWLO) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Feb 24, 2026
Twilio (TWLO) reported revenue of $1.4B for the fourth quarter 2025 (Q4 2025), +14% from a year earlier and +5% from the quarter before. Operating margin was 4.2%, net loss $45.9M (3.4% of revenue).
Twilio, Q4 2025: revenue $1.4B (+14% year over year), operating margin 4.2%, net loss $45.9M, operating cash flow $272M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.4B | +5% | +14% |
| Operating profit | $56.8M | +39% | — |
| Net earnings | −$45.9M | -223% | — |
| Operating cash flow | $272M | +3% | +150% |
| Free cash flow | $256M | — | +174% |
What changed
Revenue was $1.4B in Q4 2025, up 14% year over year and up 5% from the previous quarter.
Gross margin was 48.5%, down 1.7 points from a year earlier. Operating profit was $0.06B, a 4.2% margin (up 3.0 points year over year). Of the extra revenue versus a year earlier, 25% reached operating profit, above the 1% margin then. Operating expenses grew 3% against revenue growth of 14%. The fastest-growing cost line was Other operating costs (+27%). The quarter ended with a net loss of $0.05B, after a profit of $0.04B the previous quarter. Net interest and other expense of $0.09B was the main reason.
Operating cash flow was $0.27B (up 150% year over year). Non-cash charges added back $0.05B of depreciation and amortization and $0.15B of share-based compensation. Working capital and other items added $0.12B. After capitalized software development costs ($0.01B) and purchase of long-lived and intangible assets ($1.4M), free cash flow as the company reports it was $0.26B.
Questions
What was Twilio's revenue in the fourth quarter 2025?
Twilio (TWLO) reported revenue of $1.4B for the fourth quarter 2025 (Q4 2025), +14% from a year earlier and +5% from the quarter before.
Was Twilio profitable in the fourth quarter 2025?
Operating profit was $56.8M (4.2% of revenue) and net loss $45.9M.
Source: Twilio 10-K on SEC EDGAR.