NASDAQ : BAND
Bandwidth Inc. — Financial statements
Technology · Software - Infrastructure · United States
Last price 42.97 USD (Nov 2, 2026, 4:00 PM EST) · Market cap 1.39B
Overview · Financial statements · Key statistics · Dividends · Company profile · Price history · Reports
Financial statements
Bandwidth Inc. (BAND) reported revenue of 870.37M USD (TTM). Five years of income statement, balance sheet, cash flow and ratios below.
Income statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Operating Revenue | 870.37M | 753.82M | 748.49M | 601.12M | 573.15M | 490.91M |
| Revenue | 870.37M | 753.82M | 748.49M | 601.12M | 573.15M | 490.91M |
| Cost of Revenue | 550.91M | 458.77M | 468.53M | 364.96M | 334.80M | 276.59M |
| Gross Profit | 319.45M | 295.05M | 279.96M | 236.16M | 238.35M | 214.31M |
| Selling, General & Admin | 180.71M | 176.40M | 181.39M | 167.43M | 164.70M | 146.55M |
| Research & Development | 149.43M | 132.52M | 118.63M | 104.19M | 97.99M | 69.50M |
| Operating Expenses | 330.26M | 308.92M | 300.02M | 271.61M | 262.69M | 216.06M |
| Operating Income | -10.80M | -13.87M | -20.06M | -35.46M | -24.33M | -1.74M |
| Interest Expense | -2.31M | -2.03M | -1.86M | -808.00K | -3.05M | -28.78M |
| Interest & Investment Income | 300.00K | 300.00K | 1.00M | 2.00M | 1.20M | |
| Other Non Operating Income (Expenses) | 6.44M | -276.00K | 1.70M | -1.80M | 3.78M | -167.00K |
| EBT Excluding Unusual Items | -6.38M | -15.87M | -19.22M | -36.07M | -22.40M | -30.70M |
| Asset Writedown | -500.00K | -500.00K | ||||
| Legal Settlements | -500.00K | -500.00K | ||||
| Other Unusual Items | 7.95M | -218.00K | 10.27M | 12.77M | 40.20M | |
| Pretax Income | 1.07M | -16.59M | -8.95M | -19.30M | 17.31M | -31.20M |
| Income Tax Expense | -7.68M | -3.68M | -2.43M | -2.96M | -2.26M | -3.83M |
| Earnings From Continuing Operations | 8.75M | -12.91M | -6.52M | -16.34M | 19.57M | -27.36M |
| Net Income | 8.75M | -12.91M | -6.52M | -16.34M | 19.57M | -27.36M |
| Net Income to Common | 8.75M | -12.91M | -6.52M | -16.34M | 19.57M | -27.36M |
| Shares Outstanding (Basic) | 31.72M | 30.00M | 27.21M | 25.61M | 25.28M | 25.09M |
| Shares Outstanding (Diluted) | 36.19M | 30.00M | 27.21M | 25.61M | 30.91M | 25.09M |
| EPS (Basic) | 0.28 | -0.43 | -0.24 | -0.64 | 0.77 | -1.09 |
| EPS (Diluted) | -0.09 | -0.43 | -0.24 | -0.64 | -0.48 | -1.09 |
| Free Cash Flow | 96.37M | 67.23M | 69.90M | 29.74M | -25.43M | 20.12M |
| Free Cash Flow Per Share | 2.66 | 2.24 | 2.57 | 1.16 | -0.82 | 0.80 |
| Gross Margin | 36.70% | 39.14% | 37.40% | 39.29% | 41.59% | 43.66% |
| Operating Margin | -1.24% | -1.84% | -2.68% | -5.90% | -4.25% | -0.36% |
| Profit Margin | 1.01% | -1.71% | -0.87% | -2.72% | 3.41% | -5.57% |
| Free Cash Flow Margin | 11.07% | 8.92% | 9.34% | 4.95% | -4.44% | 4.10% |
| EBITDA | 47.51M | 32.99M | 24.98M | 3.06M | 9.07M | 33.10M |
| EBITDA Margin | 5.46% | 4.38% | 3.34% | 0.51% | 1.58% | 6.74% |
| D&A For EBITDA | 58.32M | 46.86M | 45.04M | 38.52M | 33.40M | 34.84M |
| EBIT | -10.80M | -13.87M | -20.06M | -35.46M | -24.33M | -1.74M |
| EBIT Margin | -1.24% | -1.84% | -2.68% | -5.90% | -4.25% | -0.36% |
| Advertising Expenses | 1.10M | 1.20M | 1.20M | 1.50M | 1.80M |
Balance sheet
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | 171.31M | 102.79M | 81.81M | 131.99M | 113.64M | 331.45M |
| Short-Term Investments | 4.49M | 8.48M | 1.98M | 21.49M | 71.23M | |
| Cash & Short-Term Investments | 175.81M | 111.26M | 83.79M | 153.47M | 184.87M | 331.45M |
| Accounts Receivable | 117.76M | 91.19M | 86.35M | 78.11M | 73.00M | 61.16M |
| Other Receivables | 382.00K | 224.00K | 105.00K | 40.00K | 1.76M | 411.00K |
| Receivables | 118.14M | 91.41M | 86.45M | 78.16M | 74.77M | 61.57M |
| Prepaid Expenses | 14.93M | 10.98M | 13.22M | 16.57M | 15.22M | 15.82M |
| Restricted Cash | 371.00K | 372.00K | 422.00K | 320.00K | 981.00K | 836.00K |
| Other Current Assets | 4.83M | 5.03M | 3.93M | 4.25M | 3.77M | 3.20M |
| Total Current Assets | 314.07M | 219.06M | 187.81M | 252.78M | 279.61M | 412.88M |
| Property, Plant & Equipment | 311.52M | 327.20M | 330.42M | 335.37M | 109.75M | 83.67M |
| Goodwill | 345.42M | 356.77M | 317.24M | 335.87M | 326.40M | 344.42M |
| Other Intangible Assets | 114.07M | 138.74M | 145.35M | 166.91M | 177.37M | 211.22M |
| Long-Term Deferred Charges | 2.20M | 3.60M | 5.16M | 5.09M | 5.14M | 4.68M |
| Other Long-Term Assets | 7.12M | 7.25M | 3.18M | 5.03M | 31.05M | 8.67M |
| Total Assets | 1.09B | 1.05B | 989.17M | 1.10B | 929.32M | 1.07B |
| Accounts Payable | 41.36M | 42.60M | 28.36M | 34.21M | 26.75M | 9.14M |
| Accrued Expenses | 105.96M | 86.83M | 98.11M | 69.01M | 60.34M | 62.32M |
| Current Portion of Long-Term Debt | 7.63M | |||||
| Current Portion of Leases | 4.62M | 3.95M | 3.11M | 5.46M | 7.45M | 5.98M |
| Current Income Taxes Payable | 2.23M | 3.42M | ||||
| Current Unearned Revenue | 8.48M | 8.74M | 7.03M | 14.09M | 17.23M | 12.63M |
| Other Current Liabilities | 2.85M | 4.32M | 3.71M | |||
| Total Current Liabilities | 163.27M | 154.07M | 140.32M | 122.77M | 114.01M | 93.50M |
| Long-Term Debt | 310.58M | 247.56M | 281.28M | 418.53M | 480.55M | 486.44M |
| Long-Term Leases | 217.96M | 221.02M | 219.19M | 220.55M | 4.64M | 11.16M |
| Long-Term Unearned Revenue | 2.60M | 4.97M | 7.96M | 8.41M | 8.31M | 7.63M |
| Pension & Post-Retirement Benefits | 320.00K | 321.00K | 916.00K | |||
| Long-Term Deferred Tax Liabilities | 16.29M | 24.48M | 27.30M | 33.02M | 38.47M | 48.40M |
| Other Long-Term Liabilities | 1.70M | 555.00K | 576.00K | 66.00K | 10.86M | 4.90M |
| Total Liabilities | 712.41M | 652.65M | 676.63M | 803.66M | 657.14M | 652.94M |
| Common Stock | 33.00K | 31.00K | 29.00K | 26.00K | 25.00K | 25.00K |
| Additional Paid-In Capital | 500.82M | 485.84M | 435.93M | 391.05M | 364.91M | 502.48M |
| Retained Earnings | -72.57M | -84.33M | -71.41M | -64.89M | -48.55M | -76.87M |
| Comprehensive Income & Other | -16.31M | -1.57M | -52.01M | -28.79M | -44.21M | -13.04M |
| Total Common Equity | 382.00M | 399.97M | 312.53M | 297.39M | 272.18M | 412.60M |
| Shareholders' Equity | 382.00M | 399.97M | 312.53M | 297.39M | 272.18M | 412.60M |
| Total Liabilities & Equity | 1.09B | 1.05B | 989.17M | 1.10B | 929.32M | 1.07B |
| Total Debt | 533.16M | 480.15M | 503.59M | 644.54M | 492.64M | 503.58M |
| Net Cash (Debt) | -357.36M | -368.89M | -419.80M | -491.06M | -307.76M | -172.13M |
| Net Cash Per Share | -9.87 | -12.30 | -15.43 | -19.17 | -9.96 | -6.86 |
| Filing Date Shares Outstanding | 32.38M | 31.39M | 28.62M | 26.27M | 25.44M | 25.21M |
| Total Common Shares Outstanding | 32.38M | 31.34M | 28.55M | 26.16M | 25.34M | 25.14M |
| Working Capital | 150.80M | 64.99M | 47.49M | 130.00M | 165.60M | 319.39M |
| Book Value Per Share | 11.80 | 12.76 | 10.95 | 11.37 | 10.74 | 16.41 |
| Tangible Book Value | -77.49M | -95.54M | -150.06M | -205.40M | -231.60M | -143.04M |
| Tangible Book Value Per Share | -2.39 | -3.05 | -5.26 | -7.85 | -9.14 | -5.69 |
| Land | 27.64M | 27.64M | 27.64M | 27.77M | 23.09M | 17.27M |
| Machinery | 129.66M | 123.92M | 112.95M | 113.20M | 111.57M | 85.24M |
| Leasehold Improvements | 78.11M | 77.70M | 76.05M | 75.44M | 6.41M | 6.97M |
Cash flow statement
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Net Income | 8.75M | -12.91M | -6.52M | -16.34M | 19.57M | -27.36M |
| Depreciation & Amortization | 58.32M | 46.86M | 45.04M | 38.52M | 33.40M | 40.56M |
| Other Amortization | 9.93M | 8.28M | 5.91M | 5.72M | 5.28M | 28.55M |
| Loss (Gain) From Sale of Assets | -1.00M | |||||
| Stock-Based Compensation | 52.97M | 52.33M | 48.36M | 36.99M | 20.66M | 14.54M |
| Other Operating Activities | -18.14M | 173.00K | -11.12M | -9.39M | -38.78M | -7.49M |
| Change in Accounts Receivable | -25.09M | -3.96M | -8.72M | -3.45M | -13.34M | -6.71M |
| Change in Accounts Payable | 7.54M | 13.07M | -4.64M | 5.38M | 17.21M | 1.99M |
| Change in Other Net Operating Assets | 19.58M | -14.36M | 16.58M | -18.43M | -9.08M | -3.29M |
| Operating Cash Flow | 113.86M | 89.49M | 83.88M | 39.00M | 34.91M | 40.80M |
| Capital Expenditures | -17.49M | -22.26M | -13.99M | -9.26M | -60.34M | -20.69M |
| Divestitures | 361.00K | 779.00K | 1.25M | 1.56M | ||
| Sale (Purchase) of Intangibles | -9.15M | -10.68M | -10.39M | -10.64M | -3.75M | -3.93M |
| Sale (Purchase) of Real Estate | -12.55M | |||||
| Investment in Securities | 2.54M | -6.48M | 19.45M | 49.49M | -70.92M | 40.00M |
| Other Investing Activities | 2.71M | |||||
| Investing Cash Flow | -24.11M | -39.06M | -1.44M | 30.85M | -133.45M | 2.83M |
| Short-Term Debt Issued | 28.50M | 206.50M | ||||
| Long-Term Debt Issued | 250.00M | |||||
| Total Debt Issued | 464.95M | 28.50M | 206.50M | 250.00M | ||
| Short-Term Debt Repaid | -28.50M | -206.50M | ||||
| Long-Term Debt Repaid | -66.00K | -87.00K | -157.00K | -190.00K | -212.00K | |
| Total Debt Repaid | -148.77M | -28.57M | -206.59M | -157.00K | -190.00K | -212.00K |
| Net Debt Issued (Repaid) | 316.18M | -66.00K | -87.00K | -157.00K | -190.00K | 249.79M |
| Issuance of Common Stock | 109.00K | 109.00K | 167.00K | 413.00K | 163.00K | 926.00K |
| Repurchase of Common Stock | -35.42M | -2.94M | -2.29M | -1.06M | -2.14M | -3.95M |
| Other Financing Activities | -270.84M | -26.17M | -129.06M | -51.97M | -117.84M | -39.73M |
| Financing Cash Flow | 10.04M | -29.07M | -131.27M | -52.77M | -120.00M | 207.03M |
| Foreign Exchange Rate Adjustments | -1.80M | -440.00K | -1.24M | 610.00K | 881.00K | 189.00K |
| Net Cash Flow | 97.99M | 20.93M | -50.07M | 17.68M | -217.67M | 250.85M |
| Free Cash Flow | 96.37M | 67.23M | 69.90M | 29.74M | -25.43M | 20.12M |
| Free Cash Flow Margin | 11.07% | 8.92% | 9.34% | 4.95% | -4.44% | 4.10% |
| Free Cash Flow Per Share | 2.66 | 2.24 | 2.57 | 1.16 | -0.82 | 0.80 |
| Levered Free Cash Flow | 91.42M | 66.11M | 76.41M | 44.85M | -16.13M | 40.99M |
| Unlevered Free Cash Flow | 91.34M | 66.00M | 75.87M | 42.84M | -17.31M | 32.23M |
| Cash Income Tax Paid | 933.00K | -55.00K | 3.81M | 7.20M | 3.93M | 2.00M |
| Change in Working Capital | 2.03M | -5.25M | 3.21M | -16.50M | -5.21M | -8.00M |
Ratios
Fiscal year January - December; amounts in USD.
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | |
|---|---|---|---|---|---|---|
| Market Capitalization | 1.39B | 471.56M | 468.22M | 371.04M | 581.20M | 1.80B |
| Enterprise Value | 1.75B | 870.81M | 917.35M | 877.44M | 920.76M | 1.98B |
| Last Close Price | 47.34 | 15.45 | 17.02 | 14.47 | 22.95 | 71.76 |
| PE Ratio | 29.70 | |||||
| Forward PE | 21.11 | 9.03 | 11.68 | 12.64 | 53.37 | 211.62 |
| PS Ratio | 1.60 | 0.63 | 0.63 | 0.62 | 1.01 | 3.67 |
| PB Ratio | 4.01 | 1.18 | 1.50 | 1.25 | 2.13 | 4.37 |
| P/FCF Ratio | 14.41 | 7.01 | 6.70 | 12.47 | 89.66 | |
| P/OCF Ratio | 12.20 | 5.27 | 5.58 | 9.51 | 16.65 | 44.20 |
| PEG Ratio | 1.23 | 12.07 | 12.07 | 12.07 | 12.07 | 21.16 |
| EV/Sales Ratio | 2.01 | 1.16 | 1.23 | 1.46 | 1.61 | 4.03 |
| EV/EBITDA Ratio | 36.75 | 26.39 | 36.72 | 286.75 | 101.56 | 59.82 |
| EV/FCF Ratio | 18.12 | 12.95 | 13.12 | 29.50 | 98.42 | |
| Debt / Equity Ratio | 1.40 | 1.20 | 1.61 | 2.17 | 1.81 | 1.22 |
| Debt / EBITDA Ratio | 7.76 | 8.84 | 10.32 | 33.37 | 28.21 | 12.74 |
| Debt / FCF Ratio | 5.53 | 7.14 | 7.21 | 21.67 | 25.03 | |
| Net Debt / Equity Ratio | 0.94 | 0.92 | 1.34 | 1.65 | 1.13 | 0.42 |
| Net Debt / EBITDA Ratio | 7.52 | 11.18 | 16.80 | 160.48 | 33.95 | 5.20 |
| Net Debt / FCF Ratio | 3.71 | 5.49 | 6.01 | 16.51 | -12.10 | 8.56 |
| Asset Turnover | 0.82 | 0.74 | 0.72 | 0.59 | 0.57 | 0.50 |
| Quick Ratio | 1.80 | 1.31 | 1.21 | 1.89 | 2.28 | 4.20 |
| Current Ratio | 1.92 | 1.42 | 1.34 | 2.06 | 2.45 | 4.42 |
| Return on Equity (ROE) | 2.26% | -3.62% | -2.14% | -5.74% | 5.72% | -6.49% |
| Return on Assets (ROA) | -0.64% | -0.85% | -1.20% | -2.18% | -1.52% | -0.11% |
| Return on Invested Capital (ROIC) | -1.44% | -1.85% | -2.64% | -5.18% | -4.18% | -0.29% |
| Return on Capital Employed (ROCE) | -1.20% | -1.50% | -2.40% | -3.60% | -3.00% | -0.20% |
| Earnings Yield | -0.20% | -2.74% | -1.39% | -4.41% | 3.37% | -1.52% |
| FCF Yield | 6.94% | 14.26% | 14.93% | 8.02% | -4.38% | 1.11% |
| Buyback Yield / Dilution | -23.67% | -10.24% | -6.24% | 17.13% | -23.18% | -4.14% |