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BAND

Bandwidth Inc.

BAND

Bandwidth Inc. • NASDAQ
$14.24 ▼ -0.14% (-0.02)
Market Cap $434.67 M
52w High $21.21
52w Low $11.33
Dividend Yield 0%
P/E -36.51
Volume 65.83K
Outstanding Shares 30.52M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $191.895M ▲ $75.806M ▲ $-1.241M ▲ -0.647% ▲ $-0.041 ▲ $11.668M ▲
Q2-2025 $180.013M ▲ $75.412M ▼ $-4.931M ▼ -2.739% ▼ $-0.16 ▼ $9.934M ▲
Q1-2025 $174.241M ▼ $76.199M ▼ $-3.74M ▼ -2.146% ▼ $-0.13 ▼ $6.516M ▼
Q4-2024 $209.969M ▲ $79.182M ▲ $-1.759M ▼ -0.838% ▼ $-0.063 ▼ $22.4M ▲
Q3-2024 $193.883M $74.032M $413K 0.213% $0.015 $11.526M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $80.372M ▲ $1.033B ▲ $640.591M ▲ $392.744M ▲
Q2-2025 $68.136M ▲ $1.022B ▲ $637.944M ▲ $384.538M ▲
Q1-2025 $41.691M ▼ $964.374M ▼ $618.968M ▼ $345.406M ▲
Q4-2024 $83.787M ▲ $989.166M ▼ $676.633M ▼ $312.533M ▼
Q3-2024 $79.907M $1.03B $693.173M $336.575M

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $-1.241M ▲ $22.239M ▼ $-7.986M ▲ $-9K ▲ $13.303M ▼ $15.989M ▼
Q2-2025 $-4.931M ▼ $31.721M ▲ $-8.228M ▲ $-34K ▲ $24.24M ▲ $28.151M ▲
Q1-2025 $-3.74M ▼ $-3.083M ▼ $-13.839M ▼ $-29.033M ▼ $-46.079M ▼ $-10.451M ▼
Q4-2024 $-1.759M ▼ $36.518M ▲ $-3.134M ▼ $-25.129M ▼ $6.973M ▼ $30.345M ▲
Q3-2024 $413K $20.464M $6.995M $-15.124M $12.984M $14.245M

Revenue by Products

Product Q1-2021Q2-2021Q3-2021Q4-2021
CPaaS
CPaaS
 $100.00M ▲$110.00M ▲$110.00M ▲$100.00M ▼
Other Segments
Other Segments
 $10.00M ▲$20.00M ▲$20.00M ▲$20.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Bandwidth has grown its revenue steadily over the past five years, showing that demand for its communications platform is moving in the right direction. Gross profit has risen along with sales, which suggests the core business has solid underlying economics. However, operating profit has hovered around break-even and has often been slightly negative, indicating that the company is still balancing growth spending with profitability. Earnings have swung between small losses and a brief period of profit, with recent years showing much narrower losses than in the past. Overall, the trend is toward a healthier income statement, but it is not yet a consistently profitable, mature earnings profile.

Balance Sheet

Balance Sheet The balance sheet looks reasonably solid but not bulletproof. Total assets have been fairly stable, with a meaningful base of equity supporting the business. Debt sits at a noticeable level relative to the company’s size, which adds some financial risk but does not appear extreme. Cash on hand has come down from earlier peaks, so the company has less of a cash cushion than it once did, but it still has room to operate. In short, the company has a workable financial foundation, though it needs continued discipline to keep leverage and liquidity in a comfortable zone.

Cash Flow

Cash Flow Cash flow is a relative bright spot. The company has generated positive cash from its operations in recent years, and free cash flow has turned positive after a period of outflows. This shift reflects better cost control and more efficient investment, helped by lower capital spending. While the absolute cash generation is not large, the direction is favorable and suggests the business model is becoming more self-funding and less dependent on outside capital to support growth.

Competitive Edge

Competitive Edge Bandwidth operates in the crowded CPaaS and cloud communications space but has carved out a differentiated position. Its key edge is owning and operating its own global IP voice network, rather than relying heavily on third parties. This tends to support better call quality, reliability, and cost control, and it is expensive and time-consuming for rivals to replicate. The company focuses on large enterprises and global organizations with complex requirements, building deep relationships and high switching costs through long contracts and integration-heavy deployments. Its reputation for reliability and strong support, combined with flexible offerings like bring-your-own-carrier options, strengthens its moat. The main risks are intense competition from larger, well-funded players and the possibility that pricing pressure or rapid technology changes could erode margins over time.

Innovation and R&D

Innovation and R&D Innovation is central to Bandwidth’s story. The company leans on a software-defined network and an API-first model to help customers embed voice, messaging, and emergency services directly into their applications. Its Maestro platform aims to unify and orchestrate various communication tools, while AIBridge focuses on bringing AI voice capabilities to contact centers and customer interactions. Bandwidth is investing in AI-related features such as conversational bots, trust and fraud prevention, and advanced analytics, and is building partnerships with major AI platforms. This innovation push can deepen customer stickiness and open new revenue streams, but it also requires ongoing spending and fast execution in a very dynamic competitive field.

Summary

Bandwidth shows a business transitioning from pure growth mode toward a more balanced model that emphasizes both expansion and financial discipline. Revenue and gross profit have grown steadily, operating results are edging closer to sustainable profitability, and cash flows have improved from negative to modestly positive. The balance sheet is acceptable but should be watched for debt levels and cash trends. Strategically, the company benefits from owning its network, focusing on complex enterprise needs, and pushing hard into AI-enabled communications and orchestration platforms. The opportunity is to turn these strengths into durable, profitable growth; the main risks are strong competition, pricing pressure, and the need to keep innovating without letting costs run ahead of returns.

NEWS

October 30, 2025 · 7:00 AM UTC

Bandwidth Announces Third Quarter 2025 Financial Results

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October 8, 2025 · 1:38 PM UTC

Bandwidth to Report Third Quarter 2025 Financial Results on October 30, 2025

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September 30, 2025 · 8:13 AM UTC

Bandwidth Wins Ally Financial's 2025 'Technology Disruptor' Award For Powering AI-Enabled Cloud Transformation

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September 24, 2025 · 8:12 AM UTC

Bandwidth Expands 'Bring Your Own AI' Approach With Support for OpenAI's Realtime API To Power Advanced AI Voice Agents Using GPT Language Models

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September 16, 2025 · 2:50 PM UTC

Bandwidth and Out There Media Partner to Launch RCS Messaging in U.S. for Leading Global Brands

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