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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. Its platform also provides voice services through SIP or programmable voice application programming interfaces (API); software APIs for messaging; communications solutions with integrated local emergency services; number management solutions; insights on customer's voice and messaging performance to make data-driven decisions; and carrier integrations services, which includes unified communications as a service, contact center as a service, conversational AI, and speech-to-text/text-to-speech platforms. In addition, the company offers Call Assure that provides hands-free alternative routing; application to person messaging solutions that supports SMS and MMS on local numbers, toll free numbers, and short codes; Bandwidth Maestro, an enterprise cloud communications platform; and Conversational AI Integrations. It serves technology companies, enterprise customers, and software-as-a-service platforms. The company was formerly known as Bandwidth.com, Inc. and changed its name to Bandwidth Inc. in September 2017. Bandwidth Inc. was founded in 1999 and is headquartered in Raleigh, North Carolina.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $754M | $39M | $-13M | $57M | -3.2% | 0.7% | - |
| 2024 | $748M | $42M | $-7M | $59M | -2.1% | 24.5% | - |
| 2023 | $601M | $23M | $-16M | $19M | -5.5% | 4.9% | -183.5% |
| 2022 | $573M | $56M | $20M | $-29M | 7.2% | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|
| Total Revenue | 573.15 | 601.12 | 748.49 | 753.82 |
| Cost Of Revenue | 334.80 | 364.96 | 468.53 | 458.77 |
| Gross Profit | 238.35 | 236.16 | 279.96 | 295.05 |
| Operating Expense | 262.68 | 271.61 | 300.02 | 309.42 |
| Operating Income | -24.32 | -35.46 | -20.06 | -14.37 |
| EBITDA | 55.95 | 23.22 | 42.15 | 39.20 |
| EBIT | 20.35 | -18.50 | -7.09 | -14.56 |
| Pretax Income | 17.31 | -19.30 | -8.95 | -16.59 |
| Tax Provision | -2.26 | -2.96 | -2.43 | -3.68 |
| Net Income | 19.57 | -16.34 | -6.52 | -12.91 |
| Net Income Common Stockholders | 19.57 | -16.34 | -6.52 | -12.91 |
| Total Expenses | 597.48 | 636.57 | 768.55 | 768.19 |
| Interest Expense | 3.05 | 0.81 | 1.86 | 2.03 |
| Research And Development | 97.99 | 104.19 | 118.63 | 132.52 |
| Selling General And Administration | 164.69 | 167.43 | 181.39 | 176.90 |
| Normalized EBITDA | 15.75 | 6.46 | 31.88 | 38.12 |
| Normalized Income | -12.19 | -30.54 | -14.01 | -13.75 |
| Basic EPS | 0.77 | -0.64 | -0.24 | -0.43 |
| Diluted EPS | -0.48 | -0.64 | -0.24 | -0.43 |
| Tax Effect Of Unusual Items | 8.44 | 2.57 | 2.78 | 0.24 |
| Tax Rate For Calcs | 0.21 | 0.15 | 0.27 | 0.22 |
| Total Unusual Items | 40.20 | 16.77 | 10.27 | 1.08 |
| Total Unusual Items Excluding Goodwill | 40.20 | 16.77 | 10.27 | 1.08 |
| Net Income From Continuing Operation Net Minority Interest | 19.57 | -16.34 | -6.52 | -12.91 |
| Reconciled Depreciation | 35.60 | 41.72 | 49.24 | 53.76 |
| Reconciled Cost Of Revenue | 334.80 | 364.96 | 468.53 | 458.77 |
| Net Interest Income | -3.05 | -0.81 | -1.86 | -2.03 |
| Net Income From Continuing And Discontinued Operation | 19.57 | -16.34 | -6.52 | -12.91 |
| Total Operating Income As Reported | -24.32 | -35.46 | -20.06 | -14.37 |
| Diluted Average Shares | 30.91 | 25.61 | 27.21 | 30 |
| Basic Average Shares | 25.28 | 25.61 | 27.21 | 30 |
| Diluted NI Availto Com Stockholders | 19.57 | -16.34 | -6.52 | -12.91 |
| Net Income Including Noncontrolling Interests | 19.57 | -16.34 | -6.52 | -12.91 |
| Net Income Continuous Operations | 19.57 | -16.34 | -6.52 | -12.91 |
| Other Income Expense | 44.68 | 16.96 | 12.97 | -0.19 |
| Other Non Operating Income Expenses | 4.47 | 0.20 | 2.70 | -1.28 |
| Special Income Charges | 40.20 | 16.77 | 10.27 | 1.08 |
| Other Special Charges | -40.20 | -16.77 | -10.27 | -1.08 |
| Net Non Operating Interest Income Expense | -3.05 | -0.81 | -1.86 | -2.03 |
| Total Other Finance Cost | 0 | 0 | 0 | 0 |
| Interest Expense Non Operating | 3.05 | 0.81 | 1.86 | 2.03 |
| Selling And Marketing Expense | 96.66 | 102.06 | 109.70 | 101.68 |
| General And Administrative Expense | 68.03 | 65.36 | 71.69 | 75.22 |
| Other Gand A | 68.03 | 65.36 | 71.69 | 75.22 |
| Operating Revenue | 573.15 | 601.12 | 748.49 | 753.82 |
Technology sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Bandwidth Inc.this co. | BAND | $775M | - | 1.90 | -3.2% | 34.20 |
| LSI Industries Inc. | LYTS | $840M | 30.97 | 2.77 | 10.6% | 17.77 |
| Cantaloupe, Inc. | CTLP | $801M | 14.89 | 3.17 | 25.4% | 16.96 |
| CEVA, Inc. | CEVA | $762M | - | 2.24 | -3.2% | -78.21 |
| Vishay Precision Group, Inc. | VPG | $748M | 140.68 | 2.22 |
| 1.6% |
| 27.99 |
| AMBQ | AMBQ | $742M | - | 3.92 | -22.4% | -18.54 |
| Daily Journal Corporation | DJCO | $730M | 7.82 | 1.90 | 28.7% | 21.31 |
| NETGEAR, Inc. | NTGR | $708M | - | 1.45 | -3.6% | -25.07 |
| Sabre Corporation | SABR | $707M | 1.37 | -0.68 | -49.9% | 13.74 |
| Peer Median | - | 14.89 | 2.23 | -0.8% | 15.35 | |