Twilio announced strong financial results for its first quarter ended March 31, 2025, reporting revenue of $1,172 million, a 12% increase year-over-year, marking another quarter of revenue growth acceleration. The company achieved GAAP income from operations of $23 million, representing a 2.0% margin, and a non-GAAP income from operations of $213 million, an 18.2% margin.
Net cash provided by operating activities was $191 million, with free cash flow reaching $178 million, representing a 15% margin. Twilio reported GAAP net income attributable to common stockholders of $20 million, or $0.12 per diluted share, and non-GAAP net income of $184 million, or $1.14 per diluted share.
The company raised its full-year 2025 organic revenue target to 7.5%-8.5% from the previous 7%-8%. Additionally, Twilio increased both its 2025 non-GAAP income from operations target and its free cash flow target to $850-$875 million, up from $825-$850 million previously, reflecting continued confidence in its operational discipline.
During the first quarter, Twilio repurchased $130.2 million in aggregate value of Class A common stock under its $2.0 billion share repurchase program authorized in January 2025. For the second quarter ending June 30, 2025, Twilio initiated guidance expecting revenue between $1,180 million and $1,190 million, representing 9%-10% year-over-year growth.
Non-GAAP income from operations for Q2 2025 is guided to be between $195 million and $205 million, with non-GAAP diluted earnings per share between $0.99 and $1.04. CEO Khozema Shipchandler highlighted the momentum established at the start of the year and the company's focus on innovation for customers.
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