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Bandwidth Inc (BAND) Financial History

20 years of revenue, earnings, cash-flow and balance-sheet history from public filings.

TECHNOLOGY · SOFTWARE - INFRASTRUCTURE · DATA UPDATED 2026-09-16

Bandwidth Inc (BAND) operates in the SOFTWARE - INFRASTRUCTURE industry and is headquartered in Raleigh, United States with about 1,100 employees. Its market capitalization is roughly $2 billion. In the fiscal year ended 2025-12-31, BAND reported $754M in revenue and ($13M) in net income.

Bandwidth Inc. operates as a cloud-based software-powered communications platform-as-a-service provider in the United States and internationally. The company's platform enables enterprises to create, scale, and operate voice or messaging communications services across various mobile applications or connected devices.

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BAND Revenue & Earnings History — Annual Income Statement

Income statementTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-31
Total Revenue$828M$754M$748M$601M$573M$491M$343M$233M$204M$163M$152M$138M
Gross Profit$308M$295M$280M$236M$238M$219M$158M$108M$96M$74M$67M$59M
Gross Margin %37.2%39.1%37.4%39.3%41.6%44.5%46.0%46.3%47.0%45.2%44.0%42.5%
Operating Income (EBIT)($15M)($14M)($20M)($35M)($24M)($2M)($14M)($18M)$7M$15M$15M$8M
Operating Margin %-1.8%-1.9%-2.7%-5.9%-4.2%-0.5%-3.9%-7.6%3.3%9.0%10.0%5.8%
Net Income$2M($13M)($7M)($16M)$20M($27M)($44M)$2M$18M$6M$22M($7M)
Net Margin %0.3%-1.7%-0.9%-2.7%3.4%-5.6%-12.8%1.1%8.8%3.7%14.7%-4.9%
EBITDA$52M$39M$42M$33M$63M$40M$8M($4M)$13M$20M$21M$15M
Earnings Per Share (EPS)$0.06$-0.43$-0.24$-0.64$0.63$-1.09$-1.83$0.10$0.85$0.41$1.53$-0.46
Shares Outstanding (M)33M30M27M26M31M25M24M24M21M15M15M15M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

BAND Quarterly Revenue & Earnings — Last 8 Quarters

Quarterly income statement2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-30
Total Revenue$220M$209M$208M$192M$180M$174M$210M$194M
Gross Profit$79M$78M$78M$74M$72M$72M$77M$73M
Gross Margin %35.7%37.3%37.6%38.5%39.8%41.0%36.4%37.7%
Operating Income (EBIT)($5M)($5M)($4M)($2M)($4M)($5M)($3M)($1M)
Operating Margin %-2.1%-2.2%-1.9%-1.1%-2.1%-2.7%-1.3%-0.5%
Net Income$2M$4M($3M)($1M)($5M)($4M)($2M)$0M
Net Margin %1.1%2.0%-1.4%-0.7%-2.7%-2.1%-0.8%0.2%
EBITDA$18M$13M$10M$11M$9M$8M$22M$13M
Earnings Per Share (EPS)$0.07$0.12$-0.10$-0.04$-0.16$-0.13$-0.06$0.01
Shares Outstanding (M)33M33M31M30M30M29M28M29M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

BAND Free Cash Flow History

Cash flowTTM → 2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-31
Cash from Operations (CFO)$98M$89M$84M$39M$35M$41M$5M($1M)$25M$15M$5M($4M)
Capital Expenditures (CapEx)$26M$22M$14M$20M$64M$55M$15M$26M$14M$8M$6M$5M
Free Cash Flow (FCF)$73M$67M$70M$19M($29M)($14M)($10M)($27M)$10M$7M($1M)($9M)
FCF Margin %8.8%8.9%9.3%3.2%-5.1%-2.8%-2.9%-11.6%5.0%4.1%-0.6%-6.5%
Dividends Paid$2M$25M$39M$0M$0M$30M$30M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

BAND Quarterly Free Cash Flow — Last 8 Quarters

Quarterly cash flow2026-06-302026-03-312025-12-312025-09-302025-06-302025-03-312024-12-312024-09-30
Cash from Operations (CFO)$29M$9M$39M$22M$32M($3M)$37M$20M
Capital Expenditures (CapEx)$5M$7M$8M$6M$4M$7M$6M$6M
Free Cash Flow (FCF)$24M$2M$31M$16M$28M($10M)$30M$14M
FCF Margin %10.8%0.8%15.0%8.3%15.6%-6.0%14.4%7.3%

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

BAND Balance Sheet History

Balance sheet2026-06-302025-12-312024-12-312023-12-312022-12-312021-12-312020-12-312019-12-312018-12-312017-12-312016-12-312015-12-31
Total Assets$1.10T$1.1B$989M$1.1B$929M$1.1B$891M$353M$150M$104M$70M$63M
Cash & Cash Equivalents$169.9B$103M$82M$132M$114M$331M$72M$185M$41M$38M$7M$10M
Total Liabilities$723.3B$720M$677M$804M$657M$653M$461M$83M$42M$28M$71M$60M
Total Debt (Short + Long-Term)$4.9B$259M$284M$424M$488M$492M$288M$5M$5M$0M$45M$17M
Total Shareholders' Equity$378.2B$400M$313M$297M$272M$413M$430M$270M$109M$77M($1M)$3M

USD; $M / $B as marked. Newest period first. Source: public company filings (via Yahoo Finance aggregation).

Quarterly statements, profitability ratios, price history, insider activity and institutional holders are in the interactive BAND viewer.

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