Twilio Inc (TWLO)

Debt-to-equity 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
Long-term debt US$ in thousands
Total stockholders’ equity US$ in thousands 8,043,920 8,004,290 7,952,970 8,228,870 8,679,470 9,447,730 9,732,550 9,979,380 9,976,560 10,318,900 10,559,000 10,530,900 10,842,000 10,917,400 11,031,500 11,081,700 10,694,100 10,247,200 8,452,660 5,762,270
Debt-to-equity ratio 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00

June 30, 2025 calculation

Debt-to-equity ratio = Long-term debt ÷ Total stockholders’ equity
= $—K ÷ $8,043,920K
= 0.00

The analysis of Twilio Inc’s debt-to-equity ratio over the specified period reveals a consistent value of zero. This indicates that, at all recorded dates from September 2020 through June 2025, the company has not employed any debt financing relative to its equity base. Such a persistent zero ratio suggests that Twilio Inc has maintained a completely equity-financed capital structure during this timeframe, with no reported long-term or short-term debt obligations. Consequently, the firm’s financial leverage remains absent, reflecting a potentially conservative approach to debt management or a strategic reliance solely on equity funding sources.