Executive Summary
Twilio reported QQ3 2024 revenue of $1.1336 billion, up 9.7% year over year and 4.7% quarter over quarter, with gross profit of $566.9 million and a gross margin near 50%. Despite revenue growth, GAAP profitability remained pressured, as operating income was a marginal loss of $1.2 million and net income declined to a loss of $9.7 million (EPS -0.061). The quarterly free cash flow was healthy at $189.1 million and operating cash flow reached $204.3 million, underscoring strong cash-generation capability even as the company continues to invest aggressively in R&D and go-to-market activities. Twilio also deployed substantial capital toward share repurchases (~$640.6 million), contributing to a notable shift in capital usage while leaving cash and equivalents at $584.0 million and total cash plus short-term investments around $2.7 billion, supporting liquidity.
Key Performance Indicators
Key Insights
Revenue: $1.1336B, YoY +9.67%, QoQ +4.72%
Gross Profit: $566.874M, YoY +9.79%, QoQ +4.33%
Operating Income: -$1.2M, YoY improvement (~+98.9%), QoQ improvement vs prior quarter
Net Income: -$9.726M, YoY improvement (~+93.14%), QoQ improvement
EPS (Diluted): -$0.061, YoY +92.17%, QoQ +67.84%
EBITDA: $51.229M, EBITDA Margin ~4.52%
Free Cash Flow: $189.1M; Operating Cash Flow: $204.3M
Cash & Equivalents: $584.0M; Short-term Investments: $2.114B; Total Cash & Investments: ~$2.698B
Total Asset...
Financial Highlights
Revenue: $1.1336B, YoY +9.67%, QoQ +4.72%
Gross Profit: $566.874M, YoY +9.79%, QoQ +4.33%
Operating Income: -$1.2M, YoY improvement (~+98.9%), QoQ improvement vs prior quarter
Net Income: -$9.726M, YoY improvement (~+93.14%), QoQ improvement
EPS (Diluted): -$0.061, YoY +92.17%, QoQ +67.84%
EBITDA: $51.229M, EBITDA Margin ~4.52%
Free Cash Flow: $189.1M; Operating Cash Flow: $204.3M
Cash & Equivalents: $584.0M; Short-term Investments: $2.114B; Total Cash & Investments: ~$2.698B
Total Assets: $10.038B; Total Liabilities: $1.808B; Stockholders’ Equity: $8.229B
Net Debt: ~$0.542B; Debt to Capitalization: ~11%; Cash Flow to Debt: ~0.20
Income Statement
| Metric |
Value |
YoY Change |
QoQ Change |
| Revenue |
1.13B |
9.67% |
4.72% |
| Gross Profit |
566.87M |
9.79% |
4.33% |
| Operating Income |
-1.20M |
98.90% |
93.80% |
| Net Income |
-9.73M |
93.14% |
69.47% |
| EPS |
-0.06 |
92.17% |
67.84% |
Key Financial Ratios
operatingProfitMargin
-0.11%
operatingCashFlowPerShare
$1.28
freeCashFlowPerShare
$1.19
priceEarningsRatio
-267.16
Management Commentary
Transcript data not provided in the input. No earnings-call quotes are available to extract themes or management tone. The analysis below thus relies on the disclosed quarterly numbers and ratio context to infer strategic emphasis.
Forward Guidance
No explicit management guidance is included in the provided data. Inference suggests continued emphasis on platform expansion, R&D investment, and GTM efficiency to drive long-term ARR and ARPU growth. Investors should monitor: (1) trajectory of revenue growth beyond Q3’24, (2) margin progression as mix shifts toward higher-value platform services and higher-margin APIs, (3) cadence of operating expense control, (4) cash flow evolution and the sustainability of large share repurchases, and (5) balance sheet liquidity vs. investments in growth initiatives amid potential macro softness.