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BAND (Bandwidth Inc.) Stock Financials & Earnings | Market Cap Arena
BAND
Bandwidth Inc.
Mkt Cap
$496M
Technology
·
Software - Infrastructure
·
🇺🇸 United States
·
NASDAQ
Revenue (TTM)
$754M
Net Income (TTM)
-$13M
EPS (TTM)
-$0.43
Free Cash Flow (TTM)
$65M
Gross Margin
38.3%
Op. Margin
-1.9%
Net Margin
-1.7%
FCF Margin
8.6%
P/S Ratio (TTM)
0.7x
P/E Ratio (TTM)
—
YoY Rev Growth
+0.7%
Employees
—
Earnings Reports
▶
Q4 2025
Browse All Reports
Quarterly
FY
Revenue & Profitability
Revenue
Gross Profit
Operating Income
Quarter
Revenue
Gross Profit
Op. Income
Q1 23
$138M
$56M
-$12M
Q2 23
$146M
$59M
-$8M
Q3 23
$152M
$59M
-$6M
Q4 23
$165M
$62M
-$10M
Q1 24
$171M
$65M
-$10M
Q2 24
$174M
$65M
-$6M
Q3 24
$194M
$73M
-$898K
Q4 24
$210M
$77M
-$3M
Q1 25
$174M
$72M
-$5M
Q2 25
$180M
$72M
-$4M
Q3 25
$192M
$74M
-$2M
Q4 25
$208M
$72M
-$4M
marketcaparena.com
Valuation
P/S Ratio
P/E Ratio
Quarter
P/S
P/E
Q1 23
0.9x
16.6x
Q2 23
0.8x
15.3x
Q3 23
0.8x
17.7x
Q4 23
0.8x
—
Q1 24
0.8x
—
Q2 24
0.7x
—
Q3 24
0.7x
—
Q4 24
0.7x
—
Q1 25
0.7x
—
Q2 25
0.7x
—
Q3 25
0.7x
—
Q4 25
0.7x
—
marketcaparena.com
Operating Cash Flow
Operating Cash Flow
Free Cash Flow
Quarter
Operating CF
Free CF
Q1 23
-$6M
-$11M
Q2 23
$3M
$2M
Q3 23
$23M
$18M
Q4 23
$19M
$13M
Q1 24
$2M
-$4M
Q2 24
$24M
$18M
Q3 24
$20M
$14M
Q4 24
$37M
$30M
Q1 25
-$3M
-$10M
Q2 25
$32M
$28M
Q3 25
$22M
$16M
Q4 25
$39M
$31M
marketcaparena.com
Capital Expenditures
CapEx
Quarter
CapEx
Q1 23
$5M
Q2 23
$970K
Q3 23
$5M
Q4 23
$6M
Q1 24
$7M
Q2 24
$6M
Q3 24
$6M
Q4 24
$6M
Q1 25
$7M
Q2 25
$4M
Q3 25
$6M
Q4 25
$8M
marketcaparena.com
OpEx vs Revenue Growth (YoY)
Revenue Growth
OpEx Growth
Quarter
Revenue Growth
OpEx Growth
Q1 23
+4.9%
+8.2%
Q2 23
+6.9%
+5.4%
Q3 23
+2.5%
+5.6%
Q4 23
+5.4%
+7.0%
Q1 24
+24.1%
+21.3%
Q2 24
+19.0%
+17.1%
Q3 24
+27.5%
+23.2%
Q4 24
+27.0%
+21.2%
Q1 25
+1.9%
-1.4%
Q2 25
+3.7%
+2.3%
Q3 25
-1.0%
-0.5%
Q4 25
-1.1%
-0.5%
marketcaparena.com
Stock-Based Compensation
SBC ($)
% of Revenue
Quarter
SBC ($)
% of Revenue
Q1 23
$7M
5.4%
Q2 23
$0
0.0%
Q3 23
$7M
4.6%
Q4 23
$15M
8.9%
Q1 24
$12M
7.2%
Q2 24
$11M
6.5%
Q3 24
$11M
5.9%
Q4 24
$13M
6.3%
Q1 25
$14M
7.8%
Q2 25
$13M
7.0%
Q3 25
$12M
6.4%
Q4 25
$0
0.0%
marketcaparena.com
OpEx Breakdown
R&D
G&A
S&M
Quarter
R&D
G&A
S&M
Q1 23
$26M
$17M
$25M
Q2 23
$25M
$16M
$26M
Q3 23
$26M
$16M
$25M
Q4 23
$29M
$17M
$26M
Q1 24
$29M
$18M
$29M
Q2 24
$28M
$17M
$26M
Q3 24
$30M
$18M
$26M
Q4 24
$31M
$20M
$28M
Q1 25
$31M
$19M
$26M
Q2 25
$32M
$19M
$25M
Q3 25
$33M
$18M
$25M
Q4 25
$35M
$19M
$26M
marketcaparena.com
Rule of 40
Rule of 40
Quarter
Rev Growth %
EBITDA Margin %
Rule of 40
Q1 23
4.9%
-2.1%
2.9
Q2 23
6.9%
5.5%
12.4
Q3 23
2.5%
2.7%
5.1
Q4 23
5.4%
3.1%
8.4
Q1 24
24.1%
1.8%
25.9
Q2 24
19.0%
9.6%
28.6
Q3 24
27.5%
5.9%
33.5
Q4 24
27.0%
10.7%
37.6
Q1 25
1.9%
3.7%
5.6
Q2 25
3.7%
5.5%
9.2
Q3 25
-1.0%
6.1%
5.1
Q4 25
-1.1%
5.3%
4.2
marketcaparena.com
Revenue Segments
Quarter
marketcaparena.com
Revenue by Geography
Non North America
North America
Non-US
United States
Quarter
Non North America
North America
Non-US
United States
Q1 23
$22M
$116M
—
—
Q2 23
$21M
$124M
—
—
Q3 23
$21M
$131M
—
—
Q4 23
$22M
$143M
—
—
Q1 24
$22M
$149M
—
—
Q2 24
$22M
$152M
—
—
Q3 24
$24M
$170M
—
—
Q1 25
—
—
$22M
$152M
Q2 25
—
—
$23M
$157M
Q3 25
—
—
$26M
$166M
Q4 25
—
—
$28M
$180M
marketcaparena.com
War Chest
Cash & Equivalents
Short-Term Investments
Quarter
Cash
Short-term Investments
Total
Q1 23
$85M
$38M
$124M
Q2 23
$92M
$31M
$123M
Q3 23
$108M
$32M
$139M
Q4 23
$132M
$21M
$153M
Q1 24
$105M
$42M
$147M
Q2 24
$62M
$14M
$77M
Q3 24
$75M
$5M
$80M
Q4 24
$82M
$2M
$84M
Q1 25
$36M
$6M
$42M
Q2 25
$60M
$8M
$68M
Q3 25
$73M
$7M
$80M
Q4 25
$103M
$8M
$112M
marketcaparena.com
Shares Outstanding
Shares Outstanding
Quarter
Shares (Diluted)
QoQ Change
Q1 23
29M
-3.9%
Q2 23
26M
-12.7%
Q3 23
26M
+0.2%
Q4 23
26M
+0.8%
Q1 24
26M
+2.6%
Q2 24
30M
+11.3%
Q3 24
29M
-3.0%
Q4 24
28M
-2.6%
Q1 25
29M
+3.9%
Q2 25
30M
+3.1%
Q3 25
30M
+1.3%
Q4 25
31M
+1.8%
marketcaparena.com
Revenue Per Employee
Revenue / Employee
Year
Revenue/Employee
Employees
FY 15
—
—
FY 16
—
—
FY 17
$431K
378
FY 18
$334K
611
FY 19
$301K
772
FY 20
$357K
960
FY 21
$446K
1K
FY 22
$521K
1K
FY 23
$546K
1K
FY 24
$680K
1K
FY 25
$685K
1K
marketcaparena.com