Annotated balance sheet · halal screening

Twilio Inc.

The full balance sheet for TWLO, with the line items that feed each halal check marked and explained inline. Read it like a financial report that grades itself.

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Annotated balance sheet · halal screening

Twilio Inc. — Q1 2026

Source: SEC Form 10-Q filed 2026-03-31 · via FMP · USD millions · Open filing

Assets

Current Assets

Cash & cash equivalents①

$542

Marketable securities①

$1,804

Accounts receivable

$711

Inventories

Other current assets

$113

Total current assets

$3,169

Non-current Assets

Property, plant & equipment, net②tangible

$211

Operating lease right-of-use assets②tangible

Long-term marketable securities①

$297

Goodwill

$5,292

Intangible assets, net

$125

Other non-current assets

$204

Total non-current assets

$6,130

TOTAL ASSETS

$9,577

CHECK ①

Cash + Securities Ratio

under AAOIFI

7.7%

✓ PASS

Threshold≤ 30%Buffer22.3 percentage points to spare

Breach risk

Comfortable

0%← Pass zone | Fail zone →45%

Caps how much of a company's value can be held in interest-bearing financial assets — too much suggests the business is more about earning interest than producing real goods/services.

SourceAAOIFI Shariah Standard No. 21 (Financial Papers — Shares and Bonds), §3.5.1

Liabilities

Current Liabilities

Accounts payable

$92

Other current liabilities

$457

Deferred revenue

$160

Commercial paper③interest-bearing

Short-term debt③interest-bearing

$32

Total current liabilities

$740

Non-current Liabilities

Long-term debt③interest-bearing

$993

Other non-current liabilities

$16

Total non-current liabilities

$1,009

TOTAL LIABILITIES

$1,793

CHECK ③

Interest-bearing Debt Ratio

under AAOIFI

3.0%

✓ PASS

Threshold≤ 30%Buffer27.0 percentage points to spare

Breach risk

Comfortable

0%← Pass zone | Fail zone →45%

Caps how much of a company's value comes from interest-bearing loans. Companies that rely heavily on riba (interest-based debt) fail this check even if their business itself is permissible.

SourceAAOIFI Shariah Standard No. 21 (Financial Papers — Shares and Bonds), §3.4.2

Income Statement Excerpt (trailing 12 months)

Total revenue

$5,302

Of which:

Product & services revenue

$5,302

Interest income④non-permissible

$52

CHECK ④

Non-permissible Income Ratio

under AAOIFI

1.0%

✓ PASS

Threshold≤ 5%Buffer4.0 percentage points to spare

Breach risk

Comfortable

0%← Pass zone | Fail zone →8%

Caps what fraction of company revenue can come from non-permissible sources. If your stock passes but interest income is high, you'd 'purify' your share of that income through charity.

SourceAAOIFI Shariah Standard No. 21 (Financial Papers — Shares and Bonds), §3.6

Final verdict — under AAOIFI Standard

Halal

Sector check passes: ✓ yes

Want to verify against the primary document? Open full SEC filing

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