Twilio Inc. - 2026年季度报告

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerginggrowth company. See the definitions of “large accelerated filer,” “accelerated filer”, “smaller reporting company” and “emerging growth company” in Rule12b-2 of theExchange Act. Indicate by check mark whether the registrant is a shell company (as defined in Rule12b-2 of the Exchange Act). Yes☐No☒ PART I - FINANCIAL INFORMATION Item1.Financial Statements (unaudited) Condensed Consolidated Balance Sheets as ofMarch 31, 2026and December 31, 2025Condensed Consolidated Statements of Operations for the Three Months Ended March 31, 2026 and 2025 Condensed Consolidated Statements of Comprehensive Income for the Three Months Ended March 31, 2026 and 2025 5 PART II - OTHER INFORMATION Item 1.Legal Proceedings TWILIOINC.Condensed Consolidated Balance Sheets(Unaudited) Table of Contents 1. Organization and Description of Business TwilioInc. (the “Company”) was incorporated in the state of Delaware on March13, 2008. Today's leading companies trust Twilio'sCustomer Engagement Platform to build direct, personalized relationships with their customers everywhere in the world. Twilio enablescompanies to use communications and data to add intelligence and security to every step of their customers’ journey, from sales to The Company’s headquarters are located in San Francisco, California, and the Company has subsidiaries across North America,South America, Europe, Asia and Australia. 2. Summary of Significant Accounting Policies (a)Basis of Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with generally acceptedaccounting principles in the United States of America (“U.S. GAAP”) and applicable rulesand regulations of the Securities and ExchangeCommission (“SEC”) regarding interim financial reporting. Certain information and note disclosures normally included in the financial The unaudited condensed consolidated balance sheet as ofDecember31, 2025, included herein, was derived from the auditedfinancial statements as of that date, but may not include all disclosures including certain notes required by U.S. GAAP on an annual In the opinion of management, the accompanying unaudited condensed consolidated financial statements reflect all normal recurringadjustments necessary to present fairly the financial position, results of operations, comprehensive income, stockholders’ equity and cash (b)Principles of Consolidation The unaudited condensed consolidated financial statements include the Company and its wholly owned subsidiaries. Allintercompany balances and transactions have been eliminated. (c)Use of Estimates The preparation of financial statements in conformity with U.S.GAAP requires management to make estimates and assumptions thataffect the reported amounts of assets and liabilities, disclosure of contingent assets and liabilities at the date of the financial statements andthe reported amounts of revenues and expenses during the reporting period. These estimates are used for, but not limited to, revenueallowances and sales credit reserves; recoverability of long-lived and intangible assets; capitalization and useful life of the Company’scapitalized internal-use software development costs; fair values of acquired intangible assets, goodwill and equity method investments; (d)Remaining Performance Obligations Revenue allocated to remaining performance obligations for contracts with durations of more than one year was $158.5million as ofMarch31, 2026, of which 67% is expected to be recognized over the next 12 months and 96% is expected to be recognized over the next 24 Deferred Revenue and Customer Deposits As of March31, 2026, and December31, 2025, the Company recorded $159.6million and $158.7million as its deferred revenue andcustomer deposits, respectively, that are included in deferred revenue and customer deposits in the accompanying unaudited condensedconsolidated balance sheets. During the three months ended March31, 2026 and 2025, the Company recognized $76.8 million and $70.1 (f)Concentration of Credit Risk Financial instruments that potentially expose the Company to a concentration of credit risk consist primarily of cash, cashequivalents, restricted cash, marketable securities and accounts receivable. The Company maintains cash, restricted cash, cash equivalents The Company sells its services to a wide variety of customers. If the financial condition or results of operations of any significantcustomer deteriorates substantially, operating results could be adversely affected. To reduce credit risk, management performs creditevaluations of the financial condition of significant customers and periodic re-evaluations, as needed, of existing customers. The Companydoes not require collateral from its credit customers and maintains reserves for estimated credit losses o