Twilio Inc (TWLO)
Current ratio
| Jun 30, 2025 | Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 3,531,640 | 3,467,860 | 3,447,300 | 3,548,320 | 3,963,700 | 4,677,600 | 4,903,970 | 4,741,580 | 4,664,500 | 4,856,540 | 4,984,090 | 4,962,270 | 5,104,390 | 5,831,190 | 5,932,230 | 5,905,800 | 6,373,690 | 6,093,980 | 3,372,340 | 3,569,020 |
| Total current liabilities | US$ in thousands | 720,059 | 725,940 | 820,220 | 700,737 | 711,499 | 714,603 | 738,297 | 726,117 | 759,803 | 788,449 | 808,158 | 864,173 | 795,320 | 719,822 | 703,550 | 617,073 | 583,285 | 499,924 | 448,306 | 326,347 |
| Current ratio | 4.90 | 4.78 | 4.20 | 5.06 | 5.57 | 6.55 | 6.64 | 6.53 | 6.14 | 6.16 | 6.17 | 5.74 | 6.42 | 8.10 | 8.43 | 9.57 | 10.93 | 12.19 | 7.52 | 10.94 |
June 30, 2025 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $3,531,640K ÷ $720,059K
= 4.90
The current ratio of Twilio Inc. has exhibited notable fluctuations over the period from September 2020 to June 2025. In the initial period, the ratio was substantially high, reaching 10.94 as of September 30, 2020, and remaining elevated at 12.19 by March 31, 2021. These values suggest a strong liquidity position during that timeframe, indicative of abundant current assets relative to current liabilities.
Subsequently, the ratio experienced a decline, dropping to 10.93 in June 2021 and further decreasing to 9.57 by September 2021. Despite this decrease, the ratio still reflected a solid liquidity cushion. Through the end of 2021, the ratio gradually decreased to 6.17 by December 31, 2021, and further hovered around similar levels (6.16 to 6.14) into the first half of 2023, indicating a relatively stable but diminished liquidity buffer compared to the initial years.
From the second half of 2022 onwards, a downward trend persisted, with the ratio declining to 5.74 by September 2022, and then fluctuating slightly but staying within the 5.06 to 6.64 range, concluding at 6.64 as of December 2023. The trend continued into 2024 and 2025, with the ratio reaching a low of 4.20 in December 2024 and slightly increasing to 4.78 and 4.90 in the subsequent quarters, but remaining well below the early 2020 levels.
Overall, Twilio's current ratio has transitioned from extremely high levels earlier in the period to a more moderate, yet still comfortable, liquidity position in recent years. This sustained decrease may reflect strategic changes in working capital management, growth initiatives, or shifts in asset-liability composition. Importantly, the current ratio has generally remained above 1, indicating that the company maintains sufficient short-term assets to cover its liabilities, although the declining trend warrants ongoing monitoring to ensure liquidity needs are met adequately.
Peer comparison
Jun 30, 2025