| Stage | TWLO | % of rev | MDB | % of rev | Gap · A − B |
|---|---|---|---|---|---|
| Revenue | $1.6B | 100.00% | $772M | 100.00% | TWLO ×2.02 |
| Gross profit | $761M | 48.77% | $570M | 73.83% | MDB +25.1pp |
| Operating income | $149M | 9.53% | $28M | 3.68% | TWLO +5.9pp |
| Pre-tax income | $139M | 8.92% | $46M | 5.95% | TWLO +3.0pp |
| Net income | $161M | 10.33% | $41M | 5.30% | TWLO +5.0pp |
| Stage | TWLO | MDB | Gap · A − B |
|---|---|---|---|
| Revenue | $1.6B100.00% | $772M100.00% | TWLO ×2.02 |
| Gross profit | 48.77%$761M | 73.83%$570M | MDB +25.1pp |
| Operating income | 9.53%$149M | 3.68%$28M | TWLO +5.9pp |
| Pre-tax income | 8.92%$139M | 5.95%$46M | TWLO +3.0pp |
| Net income |
| 10.33%$161M |
| 5.30%$41M |
| TWLO +5.0pp |
TWLO 10-KFeb 24 '26
“For example, in 2024 and 2025, Google, Yahoo and Microsoft began enforcing new email sender requirements aimed at sender authentication, including Domain-based Message Authentication, Reporting and Conformance ("DMARC") record requirements, requiring us to devote time and resources toward compliance efforts.”
MDB 10-KMar 11 '26
“We outsource substantially all of the infrastructure relating to Atlas across AWS, Microsoft Azure and GCP to host our cloud offering.”
TWLO 10-KFeb 24 '26
“For example, in 2024 and 2025, Google, Yahoo and Microsoft began enforcing new email sender requirements aimed at sender authentication, including Domain-based Message Authentication, Reporting and Conformance ("DMARC") record requirements, requiring us to devote time and resources toward compliance efforts.”
MDB 10-KMar 11 '26
“We outsource substantially all of the infrastructure relating to Atlas across AWS, Microsoft Azure and GCP to host our cloud offering.”
TWLO 10-KFeb 24 '26
“For example, we outsource a substantial majority of our cloud infrastructure to Amazon Web Services ("AWS"), which hosts our products and platform.”
MDB 10-KMar 11 '26
“We outsource substantially all of the infrastructure relating to Atlas across AWS, Microsoft Azure and GCP to host our cloud offering.”