Bandwidth Inc.
Business
Bandwidth Inc. is a global Communications Platform as a Service (CPaaS) provider offering cloud-based voice, messaging, emergency services, and AI capabilities through APIs built on its owned-and-operated network spanning 65+ countries. The company serves three primary customer categories: Global Voice Plans (powering UCaaS and CCaaS platforms), Enterprise Voice (direct-to-Global 2000 companies), and Programmable Messaging (A2P messaging for digital engagement). Bandwidth's distributed model combines software APIs, network infrastructure, and orchestration tools to enable mission-critical communications for enterprises and SaaS platforms worldwide.
Summary from 10-K filed 2026-02-19
Financials
Consolidated Statement of Income
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Revenue | 754 | 748 | 601 | 573 | 491 | |
| Cost of revenue | 459 | 469 | 365 | 335 | 277 | |
| Gross profit | 295 | 280 | 236 | 238 | 214 | |
| Research and development | 133 | 119 | 104 | 98 | 70 | |
| Sales and marketing | 102 | 110 | 102 | 97 | 82 | |
| General and administrative | 75 | 72 | 65 | 68 | 64 | |
| Total operating expenses | 309 | 300 | 272 | 263 | 216 | |
| Operating loss | −14 | −20 | −35 | −24 | −2 | |
| Net gain on extinguishment of debt | 1 | 10 | 13 | 40 | 0 | |
| Gain on business interruption insurance recoveries | 0 | 0 | 4 | 0 | 0 | |
| Interest expense, net | −2 | −2 | −808,000 | −3 | −29 | |
| Other (expense) income | −1 | 3 | 195,000 | 4 | −174,000 | |
| Total other (expense) income | −2 | 11 | 16 | 42 | −29 | |
| Loss before income taxes | −17 | −9 | −19 | 17 | −31 | |
| Income tax benefit | 4 | 2 | 3 | 2 | 4 | |
| Net loss | −13 | −7 | −16 | 20 | −27 | |
| Basic (in usd per share) | −0.43 | −0.24 | −0.64 | 0.77 | −1.09 | |
| Diluted (in usd per share) | −0.43 | −0.24 | −0.64 | −0.48 | −1.09 | |
| Basic (in shares) | 30 | 27 | 26 | 25 | 25 | |
| Diluted (in shares) | 30 | 27 | 26 | 31 | 25 |
Consolidated Balance Sheet
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 103 | 82 | 132 | 114 | 331 | |
| Marketable securities | 8 | 2 | 21 | 71 | 0 | |
| Accounts receivable, net of allowances | 91 | 86 | 78 | 74 | 62 | |
| Deferred costs | 5 | 4 | 4 | 4 | 3 | |
| Prepaid expenses and other current assets | 12 | 14 | 17 | 17 | 16 | |
| Total current assets | 219 | 188 | 253 | 280 | 413 | |
| Property, plant and equipment, net | 174 | 177 | 178 | 100 | 70 | |
| Operating right-of-use asset, net | 153 | 154 | 158 | 10 | 14 | |
| Intangible assets, net | 139 | 145 | 167 | 177 | 211 | |
| Deferred costs, non-current | 3 | 4 | 5 | 5 | 5 | |
| Other long-term assets | 8 | 4 | 6 | 31 | 9 | |
| Goodwill | 357 | 317 | 336 | 326 | 344 | |
| Total assets | 1,053 | 989 | 1,101 | 929 | 1,066 | |
| Accounts payable | 43 | 28 | 34 | 27 | 9 | |
| Accrued expenses and other current liabilities | 91 | 102 | 69 | 63 | 66 | |
| Current portion of deferred revenue | 9 | 7 | 8 | 7 | 6 | |
| Operating lease liability, current | 4 | 3 | 5 | 7 | 6 | |
| Current portion of convertible senior notes | 8 | 0 | — | — | — | |
| Total current liabilities | 154 | 140 | 123 | 114 | 93 | |
| Other liabilities | 555,000 | 576,000 | 386,000 | 11 | 6 | |
| Operating lease liability, net of current portion | 221 | 219 | 221 | 5 | 11 | |
| Deferred revenue, net of current portion | 5 | 8 | 8 | 8 | 8 | |
| Deferred tax liability | 24 | 27 | 33 | 38 | 48 | |
| Convertible senior notes | 248 | 281 | 419 | 481 | 486 | |
| Total liabilities | 653 | 677 | 804 | 657 | 653 | |
| Commitments and contingencies (Note 11) | — | — | — | — | — | |
| Preferred stock: $0.001 par value; 10,000,000 shares authorized; 0 shares issued and outstanding | 0 | 0 | 0 | 0 | 0 | |
| Additional paid-in capital | 486 | 436 | 391 | 365 | 502 | |
| Accumulated deficit | −84 | −71 | −65 | −49 | −77 | |
| Accumulated other comprehensive loss | −2 | −52 | −29 | −44 | −13 | |
| Total stockholders equity | 400 | 313 | 297 | 272 | 413 | |
| Total liabilities and stockholders equity | 1,053 | 989 | 1,101 | 929 | 1,066 |
Consolidated Statement of Cash Flows
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization | 54 | 49 | 42 | 36 | 37 | |
| Non-cash reduction to the right-of-use asset | 3 | 4 | 9 | 7 | 6 | |
| Amortization of debt discount and issuance costs | 1 | 2 | 3 | 3 | 27 | |
| Stock-based compensation | 52 | 48 | 37 | 21 | 15 | |
| Deferred taxes and other | −2 | −4 | −6 | −6 | −7 | |
| Gain on sale of intangible asset | 0 | −1 | 0 | 0 | — | |
| Accounts receivable | −4 | −9 | −3 | −13 | −7 | |
| Prepaid expenses and other assets | −2 | 4 | 2 | −6 | −7 | |
| Accounts payable | 13 | −5 | 5 | 17 | 2 | |
| Accrued expenses and other liabilities | −11 | 18 | −11 | 4 | 10 | |
| Operating right-of-use liability | −2 | −6 | −10 | −8 | −6 | |
| Net cash provided by operating activities | 89 | 84 | 39 | 35 | 41 | |
| Purchase of property, plant and equipment | −22 | −14 | −9 | −42 | −18 | |
| Refund of deposits for construction in progress | 0 | 3 | 0 | 0 | — | |
| Capitalized software development costs | −11 | −11 | −11 | −4 | −4 | |
| Purchase of marketable securities | −16 | −34 | −81 | −180 | 0 | |
| Proceeds from sales and maturities of marketable securities | 10 | 54 | 130 | 109 | 0 | |
| Proceeds from sale of business | 361,000 | 779,000 | 1 | 2 | 0 | |
| Proceeds from sale of intangible assets | 0 | 1 | 0 | 0 | — | |
| Net cash used in investing activities | −39 | −1 | 31 | −133 | 3 | |
| Borrowings on line of credit | 29 | 207 | 0 | 0 | — | |
| Repayments on line of credit | −29 | −207 | 0 | 0 | — | |
| Payments on finance leases | −66,000 | −87,000 | −157,000 | −190,000 | −212,000 | |
| Net cash paid for debt extinguishment | −26 | −129 | −51 | −117 | 0 | |
| Payment of debt issuance costs | −25,000 | −524,000 | −710,000 | −553,000 | −8 | |
| Proceeds from exercises of stock options | 109,000 | 167,000 | 413,000 | 163,000 | 926,000 | |
| Value of equity awards withheld for tax liabilities | −3 | −2 | −1 | −2 | −4 | |
| Net cash used in financing activities | −29 | −131 | −53 | −120 | 207 | |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | −440,000 | −1 | 610,000 | 881,000 | 189,000 | |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | 21 | −50 | 18 | −218 | 251 | |
| Cash (received from) paid for interest | −182,000 | 691,000 | −2 | 18,000 | 1 | |
| Cash (refunded) paid for taxes, net | −55,000 | 4 | 7 | 4 | 2 | |
| Right-of-use assets obtained in exchange for new operating lease liabilities | 3 | 2 | 156 | 3 | 526,000 | |
| Purchase of property, plant and equipment, accrued but not paid | 7 | 11 | 7 | 2 | 4 | |
| Purchase of property and equipment through lease incentive | 2 | 0 | 57 | 6 | 5 | |
| Purchase of property and equipment through use of escrow deposits | 0 | 0 | 21 | 0 | 0 |
Filings
Material Events
Insiders
Institutional Holders
Frequently asked questions
What is Bandwidth Inc.'s CIK number?
Bandwidth Inc.'s SEC CIK number is 0001514416 (1514416). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find Bandwidth Inc.'s SEC filings?
All of Bandwidth Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.
When did Bandwidth Inc. last report earnings?
Bandwidth Inc. (BAND) most recently filed an earnings 8-K with the SEC on Apr 30, 2026, furnishing its results under Item 2.02 (Results of Operations and Financial Condition). The earnings press release is attached to that filing (accession 0001514416-26-000033). This is Bandwidth Inc.'s most recent earnings filing of record — not a forecast of its next earnings date.
What is Bandwidth Inc.'s most recent earnings 8-K?
Bandwidth Inc.'s latest earnings 8-K (Item 2.02) was filed Apr 30, 2026 under accession 0001514416-26-000033. It carries the quarterly or annual earnings press release — the earliest official, SEC-filed version of the results.
View Bandwidth Inc.'s latest earnings 8-K →
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