Bandwidth Inc. BAND
A global communications transformation is underway, and we believe Bandwidth is at the center. Our mission is to develop and deliver the power to communicate. We enable innovative organizations—from startup app developers to the world's largest enterprises—to engage their end-users and deliver exceptional experiences everywhere people live, learn, work, and play. Backed by the Bandwidth Communications Cloud, our global owned-and-operated network spanning more than 65 countries reaching over 90 percent of global gross domestic product ("GDP"), innovative enterprises use Bandwidth's Application Programming Interfaces ("APIs") to easily embed voice, messaging, emergency services, and artificial intelligence ("AI") capabilities into software and applications. Bandwidth was the first cloud communications provider to offer a robust selection of APIs built on our own cloud platform. Our award-winning support teams help businesses around the world transform their communications every day.
Valuation FY2025 figures against the last close
Where the revenue comes from as reported in the latest 10-K
Revenue by geography
- United States
- International
| Region | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| United States | $654.0M | $658.7M | $514.0M |
| International | $99.8M | $89.8M | $87.1M |
As the company reported it, from the “Geographic Information - Schedule of Revenue by Geographic Region (Details)” note of its latest 10-K. Every figure here has been checked against the total revenue the same filing reported. Regions are the filer's own and are not mapped onto a standard list — one company's “Americas” and another's “United States” are different areas, and making them look comparable would mean making at least one of them wrong. Slices under 1% are folded into “Other”.
Annual financial statements
Income statement
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $753.8M | $748.5M | $601.1M | $573.2M | $490.9M | $343.1M | $232.6M | $204.1M | $163.0M | $152.1M |
| Cost of revenue | $458.8M | $468.5M | $365.0M | $334.8M | $277.1M | $189.2M | $125.0M | $108.1M | $89.3M | $85.2M |
| Gross profit | $295.1M | $280.0M | $236.2M | $238.4M | $213.8M | $153.9M | $107.6M | $96.0M | $73.7M | $66.9M |
| R&D | $132.5M | $118.6M | $104.2M | $98.0M | $69.5M | $54.6M | $31.5M | $20.9M | $10.8M | $8.5M |
| SG&A | $75.2M | $71.7M | $65.4M | $68.0M | $64.2M | $51.6M | $58.8M | $47.6M | $37.1M | $33.9M |
| Total operating expenses | $309.4M | $300.0M | $271.6M | $262.7M | $216.1M | $167.4M | $125.3M | $89.2M | $59.1M | $51.7M |
| Operating income | -$14.4M | -$20.1M | -$35.5M | -$24.3M | -$2.2M | -$13.5M | -$17.7M | $6.8M | $14.6M | $15.2M |
| Interest expense | — | — | — | — | — | — | — | — | $1.7M | $908.0K |
| Pre-tax income | -$9.2M | -$4.1M | -$13.4M | $21.8M | -$23.5M | -$29.0M | -$15.2M | $7.1M | $12.9M | $14.3M |
| Income tax | $3.7M | $2.4M | $3.0M | $2.3M | $3.8M | $15.0M | $17.7M | $10.9M | $6.9M | $11.1M |
| Net income | -$12.9M | -$6.5M | -$16.3M | $19.6M | -$27.4M | -$44.0M | $2.5M | $17.9M | $6.0M | $22.4M |
| EPS, basic | -0.43 | -0.24 | -0.64 | 0.77 | -1.09 | -1.83 | 0.11 | 0.96 | 0.42 | 1.66 |
| EPS, diluted | -0.43 | -0.24 | -0.64 | -0.48 | -1.09 | -1.83 | 0.10 | 0.85 | 0.37 | 1.51 |
| Shares, diluted (wtd. avg.) | 30.0M | 27.2M | 25.6M | 30.9M | 25.1M | 24.1M | 23.9M | 21.1M | 14.5M | 12.9M |
Balance sheet
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and equivalents | $102.8M | $81.8M | $132.0M | $114.6M | $332.3M | $81.4M | $185.0M | $41.5M | $37.9M | $7.0M |
| Short-term investments | $8.5M | $2.0M | $21.5M | $71.2M | $0 | — | $0 | $17.4M | $0 | — |
| Receivables | $91.4M | $86.5M | $78.2M | $74.5M | $61.6M | $55.2M | $30.2M | $24.0M | $21.2M | $16.8M |
| Total current assets | $219.1M | $187.8M | $252.8M | $279.6M | $412.9M | $193.6M | $226.9M | $91.7M | $65.3M | $28.0M |
| Property, plant and equipment | — | — | — | — | — | — | $41.7M | $25.1M | $14.9M | $11.2M |
| Goodwill | $356.8M | $317.2M | $335.9M | $326.4M | $344.4M | $372.2M | $6.9M | $6.9M | $6.9M | $6.9M |
| Other intangibles | $138.7M | $145.4M | $166.9M | $177.4M | $211.2M | $248.1M | $6.6M | $7.1M | $7.6M | $8.5M |
| Total assets | $1.05B | $989.2M | $1.10B | $929.3M | $1.07B | $890.6M | $341.4M | $150.4M | $104.5M | $70.0M |
| Accounts payable | $42.6M | $28.4M | $34.2M | $26.8M | $9.1M | $11.7M | $4.2M | $3.4M | $3.0M | $4.7M |
| Total current liabilities | $154.1M | $140.3M | $122.8M | $114.0M | $93.5M | $92.2M | $45.7M | $32.7M | $24.5M | $30.5M |
| Long-term debt | $247.6M | $281.3M | $418.5M | $480.5M | $486.4M | $282.2M | $0 | — | — | — |
| Total liabilities | $652.7M | $676.6M | $803.7M | $657.1M | $652.9M | $460.7M | $71.3M | $41.6M | $27.8M | $70.5M |
| Retained earnings | -$84.3M | -$71.4M | -$64.9M | -$48.5M | -$76.9M | -$49.5M | -$5.5M | -$7.8M | -$25.8M | -$31.7M |
| Total equity | $400.0M | $312.5M | $297.4M | $272.2M | $412.6M | $429.9M | $270.1M | $108.8M | $76.7M | -$22.4M |
Cash flow
| Fiscal year | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 | FY2016 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $89.5M | $83.9M | $39.0M | $34.9M | $40.8M | $4.5M | -$1.3M | $24.6M | $14.6M | $5.2M |
| Depreciation and amortisation | $35.7M | $31.7M | $24.4M | $18.4M | $17.5M | $13.1M | $9.0M | $5.3M | $4.9M | $5.3M |
| Stock-based compensation | $52.3M | $48.4M | $37.0M | $20.7M | $14.5M | $9.9M | $6.6M | $3.3M | $1.8M | $1.4M |
| Capital expenditure | — | — | — | — | — | $12.3M | $22.2M | $12.4M | $5.0M | $3.8M |
| Investing cash flow | -$39.1M | -$1.4M | $30.8M | -$133.4M | $2.8M | -$455.1M | -$7.7M | -$31.7M | -$8.0M | -$7.4M |
| Financing cash flow | -$29.1M | -$131.3M | -$52.8M | -$120.0M | $207.0M | $346.9M | $152.4M | $10.7M | $24.2M | -$1.5M |
Figures as tagged in each year's own filing, in US dollars. A year restated by a later filing shows the restated figure. Capital expenditure, dividends and buybacks are cash out, shown positive. A line the filer does not report is not listed. Latest from accession 0001514416-26-000027.
Plot the figures US dollars
- Revenue
- Gross profit
- Net income
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $152.1M | $163.0M | $204.1M | $232.6M | $343.1M | $490.9M | $573.2M | $601.1M | $748.5M | $753.8M |
| Gross profit | $66.9M | $73.7M | $96.0M | $107.6M | $153.9M | $213.8M | $238.4M | $236.2M | $280.0M | $295.1M |
| Net income | $22.4M | $6.0M | $17.9M | $2.5M | -$44.0M | -$27.4M | $19.6M | -$16.3M | -$6.5M | -$12.9M |
Recent filings and events
- Officer or director change Someone at the top arrived or left. The item covers everything from a board retirement to a chief executive being removed, and only the filing itself says which. Item 5.02
- Regulation FD disclosure Something the company told the market and had to tell everyone at once - usually a slide deck or a press release. Item 7.01
- Other event The catch-all. The company chose to disclose something that fits no other item, so the content is whatever it says it is. Item 8.01
- Material agreement signed The company entered an agreement outside the ordinary course of business - a large contract, a credit facility, a merger agreement. Item 1.01
- Results announced The quarterly or annual earnings release. Arrives four times a year from almost every company here. Item 2.02
- Officer or director change Item 5.02
- Material agreement signed Item 1.01
- New debt or obligation The company has taken on debt or a comparable obligation. Item 2.03
- Unregistered share sale Shares issued outside a registered offering. Dilution, and for a small company often the way it is funded. Item 3.02
- Other event Item 8.01
- Other event Item 8.01
- Other event Item 8.01
Item numbers are Form 8-K's own, and a filing date is up to four business days after the thing it reports. The same feed across the whole market.
Others in SIC 7372
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|---|---|---|---|---|
| MSFT | MICROSOFT CORP | $3.89T | 29.2x | 17.8% |
| PLTR | Palantir Technologies Inc. | $472.16B | 312.3x | 56.2% |
| ORCL | ORACLE CORP | $363.40B | 21.6x | 17.3% |
| CRWD | CrowdStrike Holdings, Inc. | $263.73B | — | 21.7% |
| SHOP | SHOPIFY INC. | $218.48B | 179.4x | 30.1% |
| CRM | Salesforce, Inc. | $204.57B | 31.9x | 9.6% |
| NOW | ServiceNow, Inc. | $164.36B | 95.2x | 20.9% |
| NET | Cloudflare, Inc. | $115.42B | — | 29.8% |