BANDWIDTH INC. financials
Source: EDGAR filings · Built 2026-06-02T02:25:46Z
Key metrics by reporting period
Up to six most-recent periods side-by-side. Rows are the curated key lines — revenue, margins, cash, debt, equity, cash-flow totals, plus the derived and valuation metrics we compute on top. For every tag a filer reported in one period, use the single-filing drilldown below.
Derived Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Free Cash Flow | — | — | — | — | — | -7.78M |
| EBITDA | 39.40M | 29.18M | 6.26M | 11.28M | 34.41M | 3.30M |
| Working Capital | 64.99M | 47.49M | 130.00M | 165.60M | 319.39M | 101.41M |
| Net Debt | 369.74M | 421.77M | 512.55M | 379.31M | 172.13M | 233.22M |
| Gross Margin | 39.14% | 37.40% | 39.29% | 41.59% | 43.55% | 44.86% |
| Operating Margin | -1.91% | -2.68% | -5.90% | -4.24% | -0.46% | -3.94% |
| Net Margin | -1.71% | -0.87% | -2.72% | 3.41% | -5.57% | -12.82% |
| Return on Equity (ROE) | -3.23% | -2.09% | -5.50% | 7.19% | -6.63% | -10.23% |
| Return on Assets (ROA) | -1.23% | -0.66% | -1.48% | 2.11% | -2.57% | -4.94% |
| Current Ratio | 1.42× | 1.34× | 2.06× | 2.45× | 4.42× | 2.10× |
| Debt-to-Equity | 1.18× | 1.61× | 2.17× | 1.81× | 1.22× | 0.71× |
| Effective Tax Rate | — | — | — | — | — | -51.79% |
| Cash Conversion Ratio | -6.93× | -12.86× | -2.39× | 1.78× | -1.49× | -0.10× |
| Accruals Ratio | -0.10× | -0.09× | -0.05× | -0.02× | -0.06× | -0.05× |
| SBC % of Revenue | 6.94% | 6.46% | 6.15% | 3.60% | 2.96% | 2.88% |
| CapEx Coverage | — | — | — | — | — | 0.37× |
| Free Cash Flow Per Share | — | — | — | — | — | $-0.32 |
Valuation Metrics
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| EV / EBITDA | 21.15× | 30.32× | 141.08× | 96.55× | 57.34× | 1193.31× |
| P/S | 0.61× | 0.62× | 0.62× | 1.24× | 3.67× | 10.79× |
| P/B | 1.16× | 1.48× | 1.25× | 2.61× | 4.36× | 8.61× |
Income Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 753.82M | 748.49M | 601.12M | 573.15M | 490.91M | 343.11M |
| Cost of Goods and Services Sold | 458.77M | 468.53M | 364.96M | 334.80M | 277.09M | 189.20M |
| Gross Profit | 295.05M | 279.96M | 236.16M | 238.35M | 213.81M | 153.91M |
| Research and Development Expense | 132.52M | 118.63M | 104.19M | 97.99M | 69.50M | 54.55M |
| Operating Expenses | 309.42M | 300.02M | 271.61M | 262.68M | 216.05M | 167.41M |
| Operating Income (Loss) | -14.37M | -20.06M | -35.46M | -24.32M | -2.24M | -13.51M |
| Income Tax Expense (Benefit) | -3.68M | -2.43M | -2.96M | -2.26M | -3.83M | 15.01M |
| Net Income (Loss) Attributable to Parent | -12.91M | -6.52M | -16.34M | 19.57M | -27.36M | -43.98M |
| Earnings Per Share, Basic | $-0.43 | $-0.24 | $-0.64 | $0.77 | $-1.09 | $-1.83 |
| Weighted Average Number of Shares Outstanding, Basic | 30.00M | 27.21M | 25.61M | 25.28M | 25.09M | 24.09M |
| Earnings Per Share, Diluted | $-0.43 | $-0.24 | $-0.64 | $-0.48 | $-1.09 | $-1.83 |
| Weighted Average Number of Shares Outstanding, Diluted | 30.00M | 27.21M | 25.61M | 30.91M | 25.09M | 24.09M |
Balance Sheet
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 102.79M | 81.81M | 131.99M | 113.64M | 331.45M | 72.16M |
| Assets, Current | 219.06M | 187.81M | 252.78M | 279.61M | 412.88M | 193.60M |
| Assets | 1.05B | 989.17M | 1.10B | 929.32M | 1.07B | 890.61M |
| Long-term Debt | — | — | — | — | — | 282.20M |
| Liabilities, Current | 154.07M | 140.32M | 122.77M | 114.01M | 93.50M | 92.19M |
| Long-term Debt, Excluding Current Maturities | 247.56M | 281.28M | 418.53M | 480.55M | 486.44M | 282.20M |
| Liabilities | 652.65M | 676.63M | 803.66M | 657.14M | 652.94M | 460.69M |
| Stockholders' Equity Attributable to Parent | 399.97M | 312.53M | 297.39M | 272.18M | 412.60M | 429.92M |
Cash Flow Statement
| Concept | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 89.49M | 83.88M | 39.00M | 34.91M | 40.80M | 4.52M |
| Payments to Acquire Property, Plant, and Equipment | — | — | — | — | — | 12.27M |
| Net Cash Provided by (Used in) Investing Activities | -39.06M | -1.44M | 30.85M | -133.45M | 2.83M | -455.08M |
| Net Cash Provided by (Used in) Financing Activities | -29.07M | -131.27M | -52.77M | -120.00M | 207.03M | 346.89M |
Derived Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| EBITDA | 12.77M | 10.18M | 11.83M | 9.57M | 7.82M | 9.43M |
| Working Capital | -10.64M | 64.99M | 53.75M | 41.52M | 35.67M | 47.49M |
| Net Debt | 325.44M | 369.74M | 398.63M | 412.39M | 435.65M | 421.77M |
| Gross Margin | 37.32% | 37.60% | 38.46% | 39.81% | 41.04% | 36.44% |
| Operating Margin | -2.21% | -1.89% | -1.05% | -2.08% | -2.69% | -1.27% |
| Net Margin | 1.97% | -1.44% | -0.65% | -2.74% | -2.15% | -0.84% |
| Return on Equity (ROE) | 1.02% | -0.75% | -0.32% | -1.28% | -1.08% | -0.56% |
| Return on Assets (ROA) | 0.42% | -0.28% | -0.12% | -0.48% | -0.39% | -0.18% |
| Current Ratio | 0.94× | 1.42× | 1.39× | 1.31× | 1.31× | 1.34× |
| Debt-to-Equity | 0.92× | 1.18× | 1.20× | 1.23× | 1.37× | 1.61× |
| Cash Conversion Ratio | 2.13× | -12.87× | -41.00× | -5.81× | 0.82× | -20.76× |
| Accruals Ratio | -0.00× | -0.04× | -0.05× | -0.03× | -0.00× | -0.04× |
| SBC % of Revenue | 6.22% | 6.69% | 20.04% | 14.51% | 7.79% | 6.29% |
Valuation Metrics
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| EV / EBITDA | 20.58× | 21.15× | 23.37× | 23.15× | 23.29× | 30.32× |
| P/S | 0.74× | 0.61× | 0.67× | 0.63× | 0.51× | 0.62× |
| P/B | 1.45× | 1.16× | 1.29× | 1.24× | 1.10× | 1.48× |
Income Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Revenue from Contract with Customer, Excluding Assessed Tax | 208.78M | 207.67M | 191.90M | 180.01M | 174.24M | 209.97M |
| Cost of Goods and Services Sold | 130.87M | 129.59M | 118.10M | 108.35M | 102.73M | 133.46M |
| Gross Profit | 77.91M | 78.08M | 73.80M | 71.66M | 71.51M | 76.51M |
| Research and Development Expense | 38.47M | 37.13M | 33.01M | 31.75M | 30.63M | 31.41M |
| Operating Expenses | 82.53M | 82.00M | 75.81M | 75.41M | 76.20M | 79.18M |
| Operating Income (Loss) | -4.62M | -3.93M | -2.01M | -3.75M | -4.69M | -2.67M |
| Income Tax Expense (Benefit) | -1.53M | -1.46M | -2.28M | 136.00K | -70.00K | -1.16M |
| Net Income (Loss) Attributable to Parent | 4.12M | -3.00M | -1.24M | -4.93M | -3.74M | -1.76M |
| Earnings Per Share, Basic | $0.13 | $-0.10 | $-0.04 | $-0.16 | $-0.13 | $-0.06 |
| Weighted Average Number of Shares Outstanding, Basic | 31.68M | 30.00M | 30.28M | 29.89M | 28.98M | 27.21M |
| Earnings Per Share, Diluted | $-0.08 | $-0.10 | $-0.04 | $-0.16 | $-0.13 | $-0.06 |
| Weighted Average Number of Shares Outstanding, Diluted | 32.96M | 30.00M | 30.28M | 29.89M | 28.98M | 27.21M |
Balance Sheet
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Cash and Cash Equivalents, at Carrying Value | 47.28M | 102.79M | 73.37M | 60.14M | 35.93M | 81.81M |
| Assets, Current | 171.88M | 219.06M | 193.01M | 176.41M | 151.41M | 187.81M |
| Assets | 984.20M | 1.05B | 1.03B | 1.02B | 964.37M | 989.17M |
| Liabilities, Current | 182.52M | 154.07M | 139.26M | 134.89M | 115.74M | 140.32M |
| Long-term Debt, Excluding Current Maturities | 148.70M | 247.56M | 247.29M | 247.03M | 246.76M | 281.28M |
| Liabilities | 578.52M | 652.65M | 640.59M | 637.94M | 618.97M | 676.63M |
| Stockholders' Equity Attributable to Parent | 405.67M | 399.97M | 392.74M | 384.54M | 345.41M | 312.53M |
Cash Flow Statement
| Concept | Q1 2026 | Q4 2025 | Q3 2025 | Q2 2025 | Q1 2025 | Q4 2024 |
|---|---|---|---|---|---|---|
| Net Cash Provided by (Used in) Operating Activities | 8.77M | 38.61M | 50.88M | 28.64M | -3.08M | 36.52M |
| Net Cash Provided by (Used in) Investing Activities | -3.86M | -9.00M | -30.05M | -22.07M | -13.84M | -3.13M |
| Payments for Repurchase of Common Stock | 5.01M | — | — | — | 0 | — |
| Net Cash Provided by (Used in) Financing Activities | -59.76M | 8.00K | -29.08M | -29.07M | -29.03M | -25.13M |
Raw XBRL tagging for a single filing
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Methodology
All facts on this page come straight from SEC EDGAR XBRL
company-facts filings (BAND CIK 0001514416),
grouped by financial statement using FASB's base
us-gaap presentation taxonomy. Filers may re-parent
concepts onto different statements in their own extension
taxonomy, so a handful of rows can show up under a different
statement than on the actual 10-K / 10-Q; custom concepts and
any we couldn't map fall into Other. Hover a
cell to see the fully-qualified concept name and the filer's
description.
For the full methodology — statement grouping, the Other bucket, derived metrics, and fact tooltips — see the methodology reference for the statement grouping, the "Other" bucket, derived metrics, and fact tooltips.