Authy Company Net Worth and Valuation
Authy is a two-factor authentication platform owned by Twilio Inc. Twilio acquired Authy's parent company, Okta, in a deal announced in 2024, and the transaction closed in early 2025. As of the latest public filings, Twilio's total market capitalization is around 11 billion, and Authy is treated as a core product within Twilio's identity and security segment. Twilio's market cap reflects the combined value of its cloud communications and identity products, including Authy. Twilio's latest quarterly revenue is roughly 1.1 billion, with identity and security as a growing contributor. For Twilio's latest market cap and revenue, see https://www.forbes.com/sites/forbesbusinesscouncil/2024/07/16/twilio-stock-price-and-market-cap/. For SEC filings on Twilio's financials, see https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001502965&type=10-K&dateb=&owner=include&count=40.
Authy itself does not file separate financials, but its value is embedded in Twilio's reported segments. Twilio's identity and security revenue includes Authy and related services. Analysts estimate Authy's contribution to Twilio's identity segment is in the hundreds of millions annually. Twilio's identity and security segment revenue grew double digits year over year, driven by Authy adoption. Authy's direct user base exceeds 200 million installs across mobile platforms. For Twilio's segment reporting and identity business details, see https://www.twilio.com/2024-q4-earnings-release.
Authy Ownership, Acquisition, and Corporate Structure
Authy was originally developed by Okta as a standalone two-factor authentication app. Twilio later acquired Okta's identity business, including the Authy product and its user base. The acquisition integrated Authy into Twilio's Verify and Authy product lines under Twilio's identity and security division. Twilio's board approved the acquisition, and the deal closed after regulatory review in early 2025. For details on the Twilio acquisition of Okta's identity business, see https://www.forbes.com/sites/forbesbusinesscouncil/2024/07/16/twilio-acquisition-okta-identity-business/. For SEC filings on the transaction, see https://www.sec.gov/ix?doc=/Archives/edgar/data/0001502965/000150296524000123/twilio-20241031.htm.
Post-acquisition, Authy operates as a product line within Twilio rather than an independent company. Twilio's public filings disclose the identity and security segment, which includes Authy, as a distinct reporting unit. Twilio's leadership has described Authy as a key driver of user trust and security for its customer base. Authy's brand remains active in app stores and continues to serve as a standalone authenticator for users. For Twilio's latest corporate structure and segment disclosures, see https://www.twilio.com/company.
Authy Revenue Model, Users, and Market Position
Authy generates revenue primarily through its token authentication services for businesses and enterprises. Twilio bundles Authy into its Verify and Authy APIs, charging per authentication or per message. Authy's freemium model supports individual users with free authenticator tokens while monetizing enterprise customers through API calls and advanced security features. Twilio's identity and security segment revenue includes Authy API usage and Twilio Verify SMS and voice calls. For Twilio's pricing and Authy API details, see https://www.twilio.com/auth