Bandwidth Financial Statements
NASDAQ: BANDTechnologyComputer Software: Prepackaged SoftwareUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Bandwidth revenue and earnings
In fiscal 2025, Bandwidth generated $753.8 million in revenue, up 0.7% from fiscal 2024, its 10th consecutive year of revenue growth. Bandwidth reported a net loss of $12.9 million, compared with a loss of $6.5 million a year earlier. Gross margin was 39.1% (up from 37.4%) and operating margin -1.9%.
Diluted earnings per share came in at -$0.43. Over the last 5 fiscal years, BAND's revenue has grown at a 17.0% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Bandwidth income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 753.82M | 748.49M | 601.12M | 573.15M | 490.91M | 343.11M | 232.59M | 204.11M | 162.96M | 152.13M |
| Revenue growth (YoY) | +0.71% | +24.52% | +4.88% | +16.75% | +43.07% | +47.52% | +13.95% | +25.26% | +7.11% | +10.40% |
| Cost of Revenue | 458.77M | 468.53M | 364.96M | 334.80M | 277.09M | 189.20M | 124.96M | 108.14M | 89.26M | 85.22M |
| Gross Profit | 295.05M | 279.96M | 236.16M | 238.35M | 213.81M | 153.91M | 107.64M | 95.97M | 73.69M | 66.92M |
| Operating Expenses | 309.42M | 300.02M | 271.61M | 262.68M | 216.05M | 167.41M | 125.33M | 89.22M | 59.08M | 51.67M |
| Research & Development | 132.52M | 118.63M | 104.19M | 97.99M | 69.50M | 54.55M | 31.46M | 20.90M | 10.79M | 8.52M |
| Selling, General & Admin | 176.90M | 181.39M | 167.43M | 164.69M | 146.54M | 112.86M | 93.87M | 68.32M | 48.29M | 43.15M |
| Operating Income | -14.37M | -20.06M | -35.46M | -24.32M | -2.24M | -13.51M | -17.69M | 6.75M | 14.62M | 15.24M |
| Interest Expense | 2.42M | 2.98M | 3.72M | 5.22M | 28.66M | 16.41M | — | — | — | — |
| Other Income (Expense) | -2.22M | 11.11M | 16.15M | 41.63M | -28.96M | -15.47M | 2.47M | 301.00K | -1.73M | -908.00K |
| Pretax Income | -3.49M | 7.67M | 759.00K | 30.59M | -27.55M | -28.97M | -15.22M | 7.05M | 12.89M | 14.34M |
| Income Tax | -3.68M | -2.43M | -2.96M | -2.26M | -3.83M | 15.01M | -17.72M | -10.87M | 6.92M | -11.09M |
| Net Income | -12.91M | -6.52M | -16.34M | 19.57M | -27.36M | -43.98M | 2.49M | 17.92M | 5.97M | 22.36M |
| Net Income growth (YoY) | — | — | -183.51% | — | — | -1863.31% | -86.08% | +200.17% | -73.29% | — |
| EPS (Basic) | -0.43 | -0.24 | -0.64 | 0.77 | -1.09 | -1.83 | 0.11 | 0.96 | 0.42 | 1.66 |
| EPS (Diluted) | -0.43 | -0.24 | -0.64 | -0.48 | -1.09 | -1.83 | 0.10 | 0.85 | 0.37 | 1.51 |
| Shares Outstanding (Basic) | 30.00M | 27.21M | 25.61M | 25.28M | 25.09M | 24.09M | 22.64M | 18.57M | 12.59M | 11.68M |
| Shares Outstanding (Diluted) | 30.00M | 27.21M | 25.61M | 30.91M | 25.09M | 24.09M | 23.92M | 21.14M | 14.54M | 12.87M |
| EBITDA | 21.30M | 11.68M | -11.01M | -5.91M | 15.29M | -368.00K | -8.68M | 12.02M | 19.49M | 20.50M |
| Gross Margin | 39.14% | 37.40% | 39.29% | 41.59% | 43.55% | 44.86% | 46.28% | 47.02% | 45.22% | 43.99% |
| Operating Margin | -1.91% | -2.68% | -5.90% | -4.24% | -46.00% | -3.94% | -7.61% | 3.31% | 8.97% | 10.02% |
| Net Margin | -1.71% | -87.00% | -2.72% | 3.41% | -5.57% | -12.82% | 107.00% | 8.78% | 3.66% | 14.70% |
This table shows 10 annual periods of Bandwidth's income statement, from FY 2025 back to FY 2016, across 20 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow BAND's reporting calendar. What is a income statement?