Stocks · Technology · Services-Prepackaged Software

Bandwidth Inc.

BAND Clue Score30
United States Fiscal year ends December CIK 0001514416
$53.27 +2.54% Close, 9 Oct 2026
Price $53.27 −32.24% Close, 9 Oct 2026

Closing prices at the end of each trading day, from 10 Nov 2017. Not a live quote. Adjusted for share splits, so the line has no step at a split; dividends are not added back. P/E and P/FCF are the market value over the last full fiscal year's net income or free cash flow, as public on each day, so they step once a year when the annual report comes out. A hatched band marks a stretch with none: a year of net loss, or of cash burnt.

Revenue and profit

What the business sells, and what is left of it. Point at a year for the detail.
RevenueOperating incomeNet income
Fiscal year 2016Revenue152.1Operating income15.2Net income22.4EPS, diluted1.51Fiscal year 2017Revenue163.0 +7.1%Operating income14.6Net income6.0 −73.3%EPS, diluted0.37 −75.5%Fiscal year 2018Revenue204.1 +25.3%Operating income6.8Net income17.9 +200.2%EPS, diluted0.85 +129.7%Fiscal year 2019Revenue232.6 +14.0%Operating income−17.7Net income2.5 −86.1%EPS, diluted0.10 −88.2%Fiscal year 2020Revenue343.1 +47.5%Operating income−13.5Net income−44.0 −1,863.3%EPS, diluted−1.83 −1,930.0%Fiscal year 2021Revenue490.9 +43.1%Operating income−2.2Net income−27.4EPS, diluted−1.09Fiscal year 2022Revenue573.2 +16.8%Operating income−24.3Net income19.6EPS, diluted−0.48Fiscal year 2023Revenue601.1 +4.9%Operating income−35.5Net income−16.3 −183.5%EPS, diluted−0.64Fiscal year 2024Revenue748.5 +24.5%Operating income−20.1Net income−6.5EPS, diluted−0.24Fiscal year 2025Revenue753.8 +0.7%Operating income−14.4Net income−12.9EPS, diluted−0.43
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue 152.1 163.0 204.1 232.6 343.1 490.9 573.2 601.1 748.5 753.8
Growth +7.1% +25.3% +14.0% +47.5% +43.1% +16.8% +4.9% +24.5% +0.7%
Operating income 15.2 14.6 6.8 −17.7 −13.5 −2.2 −24.3 −35.5 −20.1 −14.4
Net income 22.4 6.0 17.9 2.5 −44.0 −27.4 19.6 −16.3 −6.5 −12.9
Growth −73.3% +200.2% −86.1% −1,863.3% −183.5%
EPS, diluted 1.51 0.37 0.85 0.10 −1.83 −1.09 −0.48 −0.64 −0.24 −0.43
Growth −75.5% +129.7% −88.2% −1,930.0%

Margins

How much of each dollar of revenue it keeps. Point at a year for the detail.
Gross marginOperating marginNet margin
Fiscal year 2016Gross margin44.0%Operating margin10.0%Net margin14.7%Free cash flow margin0.9%Fiscal year 2017Gross margin45.2%Operating margin9.0%Net margin3.7%Free cash flow margin5.9%Fiscal year 2018Gross margin47.0%Operating margin3.3%Net margin8.8%Free cash flow margin6.0%Fiscal year 2019Gross margin46.3%Operating margin−7.6%Net margin1.1%Free cash flow margin−10.1%Fiscal year 2020Gross margin44.9%Operating margin−3.9%Net margin−12.8%Free cash flow margin−2.3%Fiscal year 2021Gross margin43.6%Operating margin−0.5%Net margin−5.6%Fiscal year 2022Gross margin41.6%Operating margin−4.2%Net margin3.4%Fiscal year 2023Gross margin39.3%Operating margin−5.9%Net margin−2.7%Fiscal year 2024Gross margin37.4%Operating margin−2.7%Net margin−0.9%Fiscal year 2025Gross margin39.1%Operating margin−1.9%Net margin−1.7%
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Gross margin 44.0% 45.2% 47.0% 46.3% 44.9% 43.6% 41.6% 39.3% 37.4% 39.1%
Operating margin 10.0% 9.0% 3.3% −7.6% −3.9% −0.5% −4.2% −5.9% −2.7% −1.9%
Net margin 14.7% 3.7% 8.8% 1.1% −12.8% −5.6% 3.4% −2.7% −0.9% −1.7%
Free cash flow margin 0.9% 5.9% 6.0% −10.1% −2.3% n/a n/a n/a n/a n/a

Cash flow

The cash the business makes, what it reinvests, and what it hands back. Point at a year for the detail.
Operating cash flowCapital expenditureFree cash flow
Fiscal year 2016Operating cash flow5.2Capital expenditure−3.8Free cash flow1.3Fiscal year 2017Operating cash flow14.6Capital expenditure−5.0Free cash flow9.6 +625.8%Fiscal year 2018Operating cash flow24.6Capital expenditure−12.4Free cash flow12.2 +27.2%Fiscal year 2019Operating cash flow−1.3Capital expenditure−22.2Free cash flow−23.5 −292.1%Fiscal year 2020Operating cash flow4.5Capital expenditure−12.3Free cash flow−7.8Fiscal year 2021Operating cash flow40.8Fiscal year 2022Operating cash flow34.9Fiscal year 2023Operating cash flow39.0Fiscal year 2024Operating cash flow83.9Fiscal year 2025Operating cash flow89.5
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow 5.2 14.6 24.6 −1.3 4.5 40.8 34.9 39.0 83.9 89.5
Capital expenditure −3.8 −5.0 −12.4 −22.2 −12.3 n/a n/a n/a n/a n/a
Free cash flow 1.3 9.6 12.2 −23.5 −7.8 n/a n/a n/a n/a n/a
Growth +625.8% +27.2% −292.1%

Balance sheet

What it holds against what it owes, at each year end. Point at a year for the detail.
CashTotal debt
Fiscal year 2016Cash6.8Shareholders’ equity−22.4Fiscal year 2017Cash37.6Shareholders’ equity76.7Fiscal year 2018Cash41.3Shareholders’ equity108.8Fiscal year 2019Cash184.4Total debt0.0Net cash (debt)184.4Shareholders’ equity270.1Debt to equity0.00Fiscal year 2020Cash72.2Total debt282.2Net cash (debt)−210.0Shareholders’ equity429.9Debt to equity0.66Fiscal year 2021Cash331.5Total debt486.4Net cash (debt)−155.0Shareholders’ equity412.6Debt to equity1.18Fiscal year 2022Cash113.6Total debt480.5Net cash (debt)−366.9Shareholders’ equity272.2Debt to equity1.77Fiscal year 2023Cash132.0Total debt418.5Net cash (debt)−286.5Shareholders’ equity297.4Debt to equity1.41Fiscal year 2024Cash81.8Total debt281.3Net cash (debt)−199.5Shareholders’ equity312.5Debt to equity0.90Fiscal year 2025Cash102.8Total debt247.6Net cash (debt)−144.8Shareholders’ equity400.0Debt to equity0.62
FY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash 6.8 37.6 41.3 184.4 72.2 331.5 113.6 132.0 81.8 102.8
Total debt n/a n/a n/a 0.0 282.2 486.4 480.5 418.5 281.3 247.6
Net cash (debt) n/a n/a n/a 184.4 −210.0 −155.0 −366.9 −286.5 −199.5 −144.8
Shareholders’ equity −22.4 76.7 108.8 270.1 429.9 412.6 272.2 297.4 312.5 400.0
Debt to equity n/a n/a n/a 0.00 0.66 1.18 1.77 1.41 0.90 0.62

In millions of USD, except per-share figures and ratios. Fiscal years, as last filed with the SEC.

Financial statements FY2025 · 10-K

Ratios

Percentages worked out from the filed figures; debt to equity in times. Fiscal years ending December, each column as last filed with the SEC.
Click a line to chart it
Fiscal year FY2016 31 Dec 2016 FY2017 31 Dec 2017 FY2018 31 Dec 2018 FY2019 31 Dec 2019 FY2020 31 Dec 2020 FY2021 31 Dec 2021 FY2022 31 Dec 2022 FY2023 31 Dec 2023 FY2024 31 Dec 2024 FY2025 31 Dec 2025
Margins
44.0% 45.2% 47.0% 46.3% 44.9% 43.6% 41.6% 39.3% 37.4% 39.1%
10.0% 9.0% 3.3% −7.6% −3.9% −0.5% −4.2% −5.9% −2.7% −1.9%
9.4% 7.9% 3.5% −6.5% −8.4% n/a n/a n/a n/a n/a
14.7% 3.7% 8.8% 1.1% −12.8% −5.6% 3.4% −2.7% −0.9% −1.7%
0.9% 5.9% 6.0% −10.1% −2.3% n/a n/a n/a n/a n/a
Spending
5.6% 6.6% 10.2% 13.5% 15.9% 14.2% 17.1% 17.3% 15.8% 17.6%
22.3% 22.7% 23.3% 25.3% 15.1% 13.1% 11.9% 10.9% 9.6% 10.0%
2.5% 3.1% 6.1% 9.6% 3.6% n/a n/a n/a n/a n/a
−77.4% 53.7% −154.1% n/a n/a n/a n/a n/a n/a n/a
Returns
n/a 7.8% 16.5% 0.9% −10.2% −6.6% 7.2% −5.5% −2.1% −3.2%
32.0% 5.7% 11.9% 0.7% −4.9% −2.6% 2.1% −1.5% −0.7% −1.2%
Balance and payout
n/a n/a n/a 0.00 0.66 1.18 1.77 1.41 0.90 0.62
100.8% 26.6% 27.7% 20.9% 51.7% 61.3% 70.7% 73.0% 68.4% 62.0%