BAND Q1 2024 Earnings — Bandwidth Inc. Revenue & Financial Results | Market Cap Arena

BANDBandwidth Inc.

$496M

Q1 2024 Earnings

Technology Software - Infrastructure

Income Statement

Revenue

$171M+24.1% YoY

Gross Profit

$65M38.3% margin

Operating Income

-$10M-6.1% margin

Net Income

-$9M-5.4% margin

EPS (Diluted)

$-0.35

QoQ Revenue Growth

+3.4%

Cash Flow

Operating Cash Flow

$2M

Free Cash Flow

-$4M

Stock-Based Comp.

$12M

Balance Sheet

Total Assets

$1.1B

Total Liabilities

$787M

Stockholders' Equity

$298M

Cash & Equivalents

$105M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$171M	$138M	+24.1%
Gross Profit	$65M	$56M	+17.7%
Operating Income	-$10M	-$12M	+11.4%
Net Income	-$9M	$4M	-355.7%

Geographic Segments

North America

$149M87%

Non North America

$22M13%