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Twilio(TWLO) - 2025 Q1 - Quarterly Results
TWLOTwilio(TWLO)2025-05-01 20:09

Financial Performance - Twilio reported Q1 2025 revenue of 1.17billion,representinga121.17 billion, representing a 12% year-over-year growth[7]. - GAAP income from operations improved to 23 million, a 67millionincreasecomparedtoQ12024[7].−Non−GAAPincomefromoperationsreached67 million increase compared to Q1 2024[7]. - Non-GAAP income from operations reached 213 million, up from 159.6millioninQ12024,reflectingan18.2159.6 million in Q1 2024, reflecting an 18.2% margin[8]. - Revenue for Q1 2025 was 1,172,463, an increase of 12% compared to 1,047,050inQ12024[36].−GrossprofitforQ12025was1,047,050 in Q1 2024[36]. - Gross profit for Q1 2025 was 581,567, compared to 544,041inQ12024,reflectingagrossmarginimprovement[36].−NetincomeattributabletocommonstockholdersforQ12025was544,041 in Q1 2024, reflecting a gross margin improvement[36]. - Net income attributable to common stockholders for Q1 2025 was 20,017, a significant recovery from a net loss of 55,349inQ12024[36].−Non−GAAPnetincomepershareattributabletocommonstockholdersforQ12025was55,349 in Q1 2024[36]. - Non-GAAP net income per share attributable to common stockholders for Q1 2025 was 1.14, compared to 0.80inQ12024,reflectingastrongyear−over−yeargrowth[42].−GAAPnetincomeattributabletocommonstockholdersforQ12025was0.80 in Q1 2024, reflecting a strong year-over-year growth[42]. - GAAP net income attributable to common stockholders for Q1 2025 was 20,017, a significant improvement from a loss of 55,349inQ12024,withanetincomemarginof1.755,349 in Q1 2024, with a net income margin of 1.7% versus a loss margin of 5.3%[41]. Customer Metrics - Active customer accounts increased to over 335,000, up from more than 313,000 a year ago[8]. - The Dollar-Based Net Expansion Rate was 107% for Q1 2025, compared to 102% in Q1 2024[8]. - Active Customer Accounts at the end of the reporting period are defined as accounts generating at least 5 of revenue in the last month, with a focus on maintaining and growing these relationships[31][34]. - The Dollar-Based Net Expansion Rate is calculated by comparing revenue from Active Customer Accounts year-over-year, indicating growth in existing customer revenue[33][34]. Guidance and Future Expectations - Twilio raised its full-year organic revenue growth guidance to 7.5% - 8.5% from the previous 7% - 8%[11]. - For Q2 2025, Twilio expects revenue between 1.18billionand1.18 billion and 1.19 billion, with a year-over-year growth of 9% - 10%[12]. - Non-GAAP diluted earnings per share guidance for Q2 2025 is projected to be between 0.99and0.99 and 1.04[12]. Cash Flow and Financial Health - Free cash flow for Q1 2025 was 191,042,slightlyupfrom191,042, slightly up from 190,123 in Q1 2024, demonstrating stable cash generation from operations[39]. - The company reported net cash provided by operating activities of 191,042forQ12025,comparedto191,042 for Q1 2025, compared to 190,123 in Q1 2024, indicating stable operational cash flow[43]. - Cash and cash equivalents increased to 467,094asofMarch31,2025,comparedto467,094 as of March 31, 2025, compared to 421,297 at the end of 2024, reflecting better liquidity[38]. - Total assets as of March 31, 2025, were 9,814,715,aslightdecreasefrom9,814,715, a slight decrease from 9,865,472 as of December 31, 2024[38]. - Total liabilities decreased to 1,810,424asofMarch31,2025,from1,810,424 as of March 31, 2025, from 1,912,506 as of December 31, 2024, indicating improved financial health[38]. Expenses and Investments - The company continues to invest in research and development, with expenses of 254,295inQ12025,slightlydownfrom254,295 in Q1 2025, slightly down from 260,457 in Q1 2024[36]. - GAAP research and development expenses for Q1 2025 were 254,295,withnon−GAAPresearchanddevelopmentexpensesat254,295, with non-GAAP research and development expenses at 161,438, representing 13.8% of revenue[40]. - GAAP sales and marketing expenses for Q1 2025 were 212,113,withnon−GAAPsalesandmarketingexpensesat212,113, with non-GAAP sales and marketing expenses at 164,977, accounting for 14.1% of revenue[40]. - GAAP general and administrative expenses for Q1 2025 were 92,077,withnon−GAAPgeneralandadministrativeexpensesat92,077, with non-GAAP general and administrative expenses at 62,179, representing 5.3% of revenue[40]. Shareholder Actions - The company initiated a share repurchase program of up to 2billion,with2 billion, with 130.2 million repurchased in Q1 2025[10].