Bandwidth Inc.
Bandwidth Inc.
Bandwidth Inc. (BAND) — SEC Financial Statements & Analysis
Bandwidth Inc. (BAND) files its annual 10-K and quarterly 10-Q reports directly with the SEC. The financial data below is sourced as-filed from EDGAR — balance sheet, income statement, and cash flow as reported, without normalization or third-party adjustments.
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Financial Statements
Values in Millions ($) | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Common Class B | 2 | 2 | 2 | -2 | 2 | 0 | 0 | 0 | 2 | 0 | -0 | 0 | |||||
Assets | |||||||||||||||||
Assets Current | |||||||||||||||||
Cash And Cash Equivalents At Carrying Value | 47 | 103 | 73 | 60 | 36 | 82 | 75 | 62 | 105 | 132 | 107 | 92 | |||||
Marketable Securities Current | 3 | 8 | 7 | 8 | 6 | 2 | 5 | 14 | 42 | 21 | 32 | 31 | |||||
Accounts Receivable Net Current | 101 | 91 | 93 | 89 | 87 | 86 | 100 | 86 | 89 | 78 | 75 | 75 | |||||
Deferred Costs Current | 5 | 5 | 5 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | 4 | |||||
Prepaid Expense And Other Assets Current | 16 | 12 | 15 | 15 | 19 | 14 | 15 | 15 | 17 | 17 | 16 | 19 | |||||
Assets Current | 172 | 219 | 193 | 176 | 151 | 188 | 199 | 181 | 257 | 253 | 234 | 220 | |||||
Property Plant And Equipment And Finance Lease Rig… | 172 | 174 | 176 | 179 | 177 | 177 | 170 | 173 | 174 | 178 | 177 | 173 | |||||
Operating Lease Right Of Use Asset | 152 | 153 | 153 | 153 | 153 | 154 | 153 | 155 | 156 | 158 | 161 | 7 | |||||
Intangible Assets Net Excluding Goodwill | 129 | 139 | 143 | 150 | 145 | 145 | 159 | 156 | 161 | 167 | 165 | 174 | |||||
Deferred Costs | 3 | 3 | 3 | 4 | 4 | 4 | 5 | 5 | 4 | 5 | 5 | 5 | |||||
Other Assets Noncurrent | 8 | 8 | 8 | 4 | 4 | 4 | 4 | 5 | 5 | 6 | 6 | 8 | |||||
Goodwill | 349 | 357 | 357 | 356 | 329 | 317 | 340 | 326 | 329 | 336 | 322 | 330 | |||||
Assets | 984 | 1,053 | 1,033 | 1,022 | 964 | 989 | 1,030 | 1,002 | 1,086 | 1,101 | 1,070 | 917 | |||||
Liabilities And Stockhold… | |||||||||||||||||
Liabilities Current | |||||||||||||||||
Accounts Payable Current | 32 | 43 | 34 | 21 | 17 | 28 | 21 | 32 | 23 | 34 | 31 | 21 | |||||
Accrued Liabilities Current | 87 | 91 | 85 | 94 | 81 | 102 | 94 | 69 | 68 | 69 | 60 | 59 | |||||
Contract With Customer Liability Current | 9 | 9 | 8 | 8 | 7 | 7 | 7 | 8 | 8 | 8 | 8 | 8 | |||||
Contract With Customer Refund Liability | - | - | - | - | - | 4 | 3 | 4 | 4 | 6 | 4 | 6 | |||||
Operating Lease Liability Current | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 5 | 5 | 5 | 5 | |||||
Convertible Debt Current | 0 | 8 | 8 | 8 | 8 | 0 | - | - | - | - | - | - | |||||
Lines Of Credit Current | 51 | - | - | - | - | - | 25 | 40 | - | - | - | - | |||||
Liabilities Current | 183 | 154 | 139 | 135 | 116 | 140 | 154 | 156 | 109 | 123 | 109 | 98 | |||||
Other Liabilities Noncurrent | 2 | 1 | 1 | 1 | 1 | 1 | 0 | 0 | 0 | 0 | 1 | 64 | |||||
Operating Lease Liability Noncurrent | 220 | 221 | 221 | 222 | 222 | 219 | 220 | 220 | 220 | 221 | 223 | 3 | |||||
Contract With Customer Liability Noncurrent | 4 | 5 | 6 | 7 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | 8 | |||||
Deferred Income Tax Liabilities Net | 22 | 24 | 27 | 27 | 26 | 27 | 30 | 29 | 31 | 33 | 32 | 34 | |||||
Long Term Debt Noncurrent | 149 | 248 | 247 | 247 | 247 | 281 | 281 | 281 | 419 | 419 | 418 | 418 | |||||
Liabilities | 579 | 653 | 641 | 638 | 619 | 677 | 693 | 695 | 787 | 804 | 790 | 625 | |||||
Stockholders Equity | |||||||||||||||||
Preferred Stock Value | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Treasury Stock Common Value | -5 | - | - | - | - | - | - | - | - | - | - | - | |||||
Additional Paid In Capital | 503 | 486 | 475 | 466 | 457 | 436 | 427 | 419 | 410 | 391 | 383 | 377 | |||||
Retained Earnings Accumulated Deficit | -80 | -84 | -81 | -80 | -75 | -71 | -70 | -70 | -74 | -65 | -54 | -49 | |||||
Accumulated Other Comprehensive Income Loss Net Of… | -12 | -2 | -1 | -2 | -37 | -52 | -21 | -41 | -38 | -29 | -49 | -36 | |||||
Stockholders Equity | 406 | 400 | 393 | 385 | 345 | 313 | 337 | 307 | 298 | 297 | 280 | 292 | |||||
Liabilities And Stockholders Equity | 984 | 1,053 | 1,033 | 1,022 | 964 | 989 | 1,030 | 1,002 | 1,086 | 1,101 | 1,070 | 917 | |||||
Common Class A | 30 | 29 | 29 | -28 | 28 | 0 | 0 | 0 | 25 | 0 | 0 | 0 | |||||
Preferred Stock Par Or Stated Value Per Share | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | 0.001 | |||||
Preferred Stock Shares Authorized | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | 10 | |||||
Preferred Stock Shares Issued | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Preferred Stock Shares Outstanding | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||||
Treasury Stock Common Shares | 0 | - | - | - | - | - | - | - | - | - | - | - | |||||
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Earnings Market Reaction
| Fiscal Year | Q1 1 Month | Q1 2 Month | Q1 3 Month | Q2 1 Month | Q2 2 Month | Q2 3 Month | Q3 1 Month | Q3 2 Month | Q3 3 Month | Q4 1 Month | Q4 2 Month | Q4 3 Month |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 66.78% | 39.61% | - | - | - | - | - | - | - | - | - | - |
| 2025 | 1.89% | 10.83% | 8.94% | 11.70% | 32.83% | 15.41% | -13.04% | -7.64% | -16.76% | 4.75% | 11.00% | 243.12% |
| 2024 | -10.69% | -25.11% | -0.22% | 8.52% | 7.89% | 20.85% | 6.00% | -7.08% | -19.59% | -14.95% | -30.41% | -19.42% |
| 2023 | 0.77% | 7.84% | 21.38% | -13.20% | -27.73% | -37.33% | 6.12% | 26.81% | 26.16% | 1.03% | -5.97% | 20.66% |
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Performance and Valuation Metrics
Metrics | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | 2025-03-31 | 2024-12-31 | 2024-09-30 | 2024-06-30 | 2024-03-31 | 2023-12-31 | 2023-09-30 | 2023-06-30 | Subscriber-only column | Subscriber-only column | Subscriber-only column | Subscriber-only column | Data beyond 3 years is for subscribers only. Unlock 17+ years of financial data Start 7-day free trial |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Liquidity Ratios | |||||||||||||||||
| Current Ratio | 0.94 | 1.42 | 1.39 | 1.31 | 1.31 | 1.34 | 1.29 | 1.16 | 2.36 | 2.06 | 2.16 | 2.25 | |||||
| Quick Ratio | 0.85 | 1.35 | 1.28 | 1.20 | 1.15 | 1.24 | 1.19 | 1.06 | 2.21 | 1.92 | 2.01 | 2.06 | |||||
| Working Capital | -10.64M | 64.99M | 53.75M | 41.52M | 35.67M | 47.49M | 45.01M | 24.92M | 148.33M | 130.00M | 125.78M | 122.50M | |||||
Leverage & Debt | |||||||||||||||||
| Debt to Equity | 1.43 | 1.63 | 1.63 | 1.66 | 1.79 | 2.16 | 2.06 | 2.26 | 2.64 | 2.70 | 2.82 | 2.14 | |||||
| Interest Coverage TTM | -6.46 | -7.09 | -5.69 | -4.24 | -4.81 | -6.41 | -11.64 | -24.55 | -53.90 | - | - | - | |||||
| Debt Ratio | 0.59 | 0.62 | 0.62 | 0.62 | 0.64 | 0.68 | 0.67 | 0.69 | 0.73 | 0.73 | 0.74 | 0.68 | |||||
Efficiency & Turnover | |||||||||||||||||
| Asset Turnover TTM | 0.81 | 0.74 | 0.73 | 0.75 | 0.73 | 0.72 | 0.67 | 0.69 | 0.65 | 0.59 | 0.57 | 0.61 | |||||
| Days Sales Outstanding TTM | 43.56 | 43.06 | 46.58 | 42.06 | 42.84 | 40.14 | 45.28 | 44.23 | 43.93 | 46.34 | 46.69 | 46.93 | |||||
| Receivables Turnover TTM | 8.38 | 8.48 | 7.84 | 8.68 | 8.52 | 9.09 | 8.06 | 8.25 | 8.31 | 7.88 | 7.82 | 7.78 | |||||
Per Share Metrics | |||||||||||||||||
| Diluted EPS TTM | -0.15 | -0.43 | -0.39 | -0.34 | -0.04 | -0.24 | -0.55 | -0.72 | -1.10 | -0.64 | 1.09 | 1.27 | |||||
| Free Cash Flow Per Share TTM | 3.20 | 2.98 | 2.89 | 2.86 | 2.70 | 3.08 | 2.43 | 2.55 | 1.80 | 1.52 | 1.18 | 1.23 | |||||
| Dividend Per Share TTM | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |||||
Margin Metrics | |||||||||||||||||
| Gross Profit Margin TTM | 38.24% | 39.14% | 38.81% | 38.63% | 38.05% | 37.40% | 37.72% | 38.04% | 38.78% | 39.29% | 40.18% | 41.11% | |||||
| Operating Profit Margin TTM | -1.81% | -1.91% | -1.73% | -1.58% | -1.91% | -2.68% | -3.90% | -4.94% | -5.38% | -5.90% | -5.47% | -4.70% | |||||
| Net Profit Margin TTM | -0.64% | -1.71% | -1.54% | -1.32% | -0.14% | -0.87% | -2.23% | -3.21% | -4.60% | -2.72% | 4.73% | 5.49% | |||||
Growth Metrics | |||||||||||||||||
| Net Revenue Growth (1Y) | 4.88% | 0.71% | 7.42% | 14.51% | 18.51% | 24.52% | 18.76% | 12.40% | 9.43% | 4.88% | 9.29% | 12.27% | |||||
| Net Income Growth (1Y) | 390.20% | 97.92% | -25.66% | -52.84% | -96.47% | -60.08% | -156.02% | -165.66% | -197.31% | -183.51% | -227.17% | -214.81% | |||||
| EPS Growth (1Y) | 348.44% | 79.53% | -32.79% | -57.28% | -96.77% | -62.42% | -152.41% | -161.96% | -193.47% | -182.43% | -225.63% | -213.57% | |||||
Valuation Metrics | |||||||||||||||||
| P/E TTM | -111.71 | -35.89 | -43.25 | -47.44 | -368.25 | -70.99 | -30.53 | -21.52 | -16.58 | -22.68 | 10.30 | 10.81 | |||||
| P/B | 1.39 | 1.16 | 1.29 | 1.24 | 1.10 | 1.48 | 1.42 | 1.49 | 1.62 | 1.25 | 1.03 | 1.20 | |||||
| P/S TTM | 0.72 | 0.61 | 0.67 | 0.63 | 0.51 | 0.62 | 0.68 | 0.69 | 0.76 | 0.62 | 0.49 | 0.59 | |||||
| Market Cap | 564.57M | 463.45M | 504.74M | 475.24M | 379.67M | 463.11M | 479.33M | 457.10M | 483.78M | 370.62M | 288.66M | 349.60M | |||||
| Enterprise Value | 716.30M | 615.48M | 685.95M | 669.47M | 598.09M | 662.16M | 710.04M | 715.48M | 797.22M | 657.16M | 599.08M | 675.33M | |||||
Calculated Values | |||||||||||||||||
| Free Cash Flow TTM | 101.34M | 89.49M | 87.40M | 85.62M | 78.34M | 83.88M | 66.63M | 69.17M | 47.82M | 39.00M | 30.30M | 31.31M | |||||
| Net Debt | 151.73M | 152.03M | 181.21M | 194.24M | 218.42M | 199.05M | 230.71M | 258.38M | 313.45M | 286.54M | 310.41M | 325.74M | |||||
Per-Share and Margin | |||||||||||||||||
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| Adjusted EPS TTM | |||||||||||||||||
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| Pretax Margin TTM | |||||||||||||||||
| Stock Comp to Revenue TTM | |||||||||||||||||
Turnover Ratios and Averages | |||||||||||||||||
| Average Assets | |||||||||||||||||
| Average Equity | |||||||||||||||||
| Average Inventory | |||||||||||||||||
| Average Receivables | |||||||||||||||||
| Average Accounts Payables | |||||||||||||||||
| Inventory Turnover TTM | |||||||||||||||||
| Payables Turnover TTM | |||||||||||||||||
| Days Inventory Outstanding TTM | |||||||||||||||||
| Days Payables Outstanding TTM | |||||||||||||||||
| Cash Conversion Cycle TTM | |||||||||||||||||
| Working Capital to Revenue | |||||||||||||||||
| Deferred Revenue to Revenue | |||||||||||||||||
Growth Rates | |||||||||||||||||
| Total Assets Growth (1Y) | |||||||||||||||||
| Total Assets Growth (3Y) | |||||||||||||||||
| Total Assets Growth (5Y) | |||||||||||||||||
| Dividends Paid Growth (1Y) | |||||||||||||||||
| Dividends Paid Growth (3Y) | |||||||||||||||||
| Dividends Paid Growth (5Y) | |||||||||||||||||
| EPS Growth (3Y) | |||||||||||||||||
| EPS Growth (5Y) | |||||||||||||||||
| Net Income Growth (3Y) | |||||||||||||||||
| Net Income Growth (5Y) | |||||||||||||||||
| Net Profit Margin Growth (1Y) | |||||||||||||||||
| Net Profit Margin Growth (3Y) | |||||||||||||||||
| Net Profit Margin Growth (5Y) | |||||||||||||||||
| Net Revenue Growth (3Y) | |||||||||||||||||
| Net Revenue Growth (5Y) | |||||||||||||||||
| Deferred Revenue Growth (1Y) | |||||||||||||||||
| Retained Earnings Growth (1Y) | |||||||||||||||||
Credit, Liquidity, Returns, Payout | |||||||||||||||||
| Cash Ratio | |||||||||||||||||
| Net Working Capital | |||||||||||||||||
| Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to EBITDA TTM | |||||||||||||||||
| Net Debt to Equity | |||||||||||||||||
| Altman A | |||||||||||||||||
| Altman B | |||||||||||||||||
| Altman C | |||||||||||||||||
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| Altman Z-Score | |||||||||||||||||
| ROA TTM | |||||||||||||||||
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| NOPAT TTM | |||||||||||||||||
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| Dilution Ratio | |||||||||||||||||
| Retained Earnings to Equity | |||||||||||||||||
| Treasury Stock to Equity | |||||||||||||||||
| Treasury Stock Change (1Y) | |||||||||||||||||
| Accrued to Current Liabilities | |||||||||||||||||
Valuation Ratios | |||||||||||||||||
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| Adjusted Net Income TTM | |||||||||||||||||
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| Total Debt | |||||||||||||||||
| Invested Capital | |||||||||||||||||
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