Twilio Inc (TWLO)
Return on assets (ROA)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 20,244 | -34,037 | -109,403 | -462,341 | -594,322 | -728,651 | -1,015,441 | -879,455 | -1,220,075 | -1,376,657 | -1,256,145 | -1,318,119 | -1,059,901 | -964,985 | -949,900 | -837,855 | -730,660 | -602,730 | -490,979 | -401,875 |
| Total assets | US$ in thousands | 9,848,290 | 9,814,720 | 9,865,470 | 10,037,300 | 10,507,700 | 11,289,300 | 11,609,700 | 11,857,700 | 11,904,500 | 12,298,900 | 12,564,300 | 12,612,700 | 12,869,200 | 12,890,800 | 12,998,600 | 12,976,800 | 12,533,600 | 12,242,200 | 9,487,430 | 6,723,700 |
| ROA | 0.21% | -0.35% | -1.11% | -4.61% | -5.66% | -6.45% | -8.75% | -7.42% | -10.25% | -11.19% | -10.00% | -10.45% | -8.24% | -7.49% | -7.31% | -6.46% | -5.83% | -4.92% | -5.18% | -5.98% |
June 30, 2025 calculation
ROA = Net income (ttm) ÷ Total assets
= $20,244K ÷ $9,848,290K
= 0.21%
The analysis of Twilio Inc.'s return on assets (ROA) over the specified period reveals a trajectory characterized by persistent negative values, indicating ongoing challenges in generating earnings relative to its asset base. Initially, as of September 30, 2020, the ROA measured approximately -5.98%, reflecting the company's difficulties in translating its asset holdings into net income during that period.
Throughout the subsequent quarters, the ROA exhibited a gradual decline, reaching a low of around -11.19% as of March 31, 2023. This continued negative trend suggests persistent operational or financial headwinds, possibly associated with industry pressures, high investment costs, or cost management issues. Notably, the deficit widened during this interval, indicating declining efficiency in utilizing assets to generate profits.
However, starting from the end of 2023 and into 2024, the ROA trend demonstrates signs of gradual improvement. By September 30, 2024, the ROA had improved to -4.61%, and further progress was observed with the value approaching near breakeven, reaching -0.35% as of March 31, 2025. The most recent data point for June 30, 2025, indicates a slight positive shift to 0.21%, marking a transition from losses to the potential generation of positive returns relative to assets.
Overall, the data indicates that Twilio's ROA has been on a storyline of initial negative profitability, reaching its lowest levels around early 2023, followed by a progressive recovery. The recent move towards positive ROA suggests an inflection point, possibly reflecting successful strategic initiatives, operational improvements, or scaling benefits that could, if sustained, lead to enhanced profitability and asset utilization efficiency in the future.
Peer comparison
Jun 30, 2025