What is Twilio's R&D?

Twilio (TWLO) reported R&D of $262.17M in Q1 2026.

How has Twilio's R&D changed year-over-year?

Twilio's R&D increased by 3.1% year-over-year, from $254.3M to $262.17M.

What is the long-term trend for Twilio's R&D?

Over 4 years (2021 to 2025), Twilio's R&D has grown at a 6.6% compound annual growth rate (CAGR), from $789.22M to $1.02B.

Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.

Twilio TWLO R&D

R&D at other companies

8x8, Inc.EGHT

$29.51M-1.5%

MarchexMCHX

$2.41M-9.9%

Five9FIVN

$39.68M-3.5%

OomaOOMA

$15.03M+20.8%

RingCentralRNG

$81.71M-0.3%

Bandwidth, Inc.BAND

$38.47M+25.6%

Other financials

Income statement

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Revenue$1.4B+20.0%

Gross profit$684.2M+17.7%

Operating income$107.7M+366%

Net income$90.1M+350%

EPS (diluted)$0.57+375%

Balance sheet

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Cash & equivalents$542.0M+13.5%

Total debt$1.1B-3.0%

Total equity$7.8B-2.8%

Total assets$9.6B-2.4%

Cash flow

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Operating cash flow$153.2M-19.8%

CapEx$17.9M-16.7%

Free cash flow-$133.6M-97.7%

Valuation

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Market cap$31.32B+71.4%

Enterprise value$31.84B+73.1%

P/E184.4×—

P/S5.9×+2.0×

Profitability

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Gross margin48.7%-1.8pp

Operating margin4.6%—

Net margin1.4%+0.7pp

FCF margin-7.6%-10.9pp

Returns & leverage

See full

Return on equity0.8%+0.4pp

Debt / equity0.1×0.0×

Current ratio4.7×-0.1×

Where this comes from

Reported directly by Twilio in its filing.

Tagged under the XBRL concept us-gaap:ResearchAndDevelopmentExpense.

The official record: Twilio’s 10-Q, filed May 1, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Twilio's R&D?: Twilio (TWLO) reported R&D of $262.17M in Q1 2026.
How has Twilio's R&D changed year-over-year?: Twilio's R&D increased by 3.1% year-over-year, from $254.3M to $262.17M.
What is the long-term trend for Twilio's R&D?: Over 4 years (2021 to 2025), Twilio's R&D has grown at a 6.6% compound annual growth rate (CAGR), from $789.22M to $1.02B.
What does R&D mean?: Costs of research activities to discover new knowledge and development activities to translate research into new or improved products, services, processes, or technologies.