Bandwidth Inc.

Listed Company

BANDCIK 0001514416NasdaqAcceleratedServices-Prepackaged SoftwareDelawareFY ends Dec 31

Period

FY 2025

Revenue

$753.82M

Net Income

$-12.91M

Total Assets

$1.05B

Equity

$399.97M

Shares Out

—

Op. Cash Flow

$89.49M

Business

Bandwidth Inc. provides a cloud communications platform that enables organizations to embed voice, messaging and emergency services into software and applications. It offers programmable voice and messaging APIs, emergency calling and notification APIs, global number management, analytics/insights, and integrations such as BYOC and the Maestro enterprise communications platform. The company operates as a single reporting segment with three market offerings—Global Voice Plans, Programmable Messaging and Enterprise Voice. Bandwidth serves global enterprises, SaaS platforms and cloud communications providers via its APIs and owned-and-operated global network spanning 65+ countries covering over 90% of global GDP.

Summary from filing dated 2025-02-20

Financials

Consolidated Statement of Income

Year Ended · In millions, except per-share amounts

Concept	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

As of · In millions, except per-share amounts

Concept	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

Year Ended · In millions, except per-share amounts

Concept	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

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