A Business at a Glance
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Bandwidth Inc.
BAND
$1.8B
Mkt Cap
$59.80
+1.80%
Bandwidth Inc. (BAND) has a 5-year average return on invested capital (ROIC) of -0.7%. This is below average and may indicate limited pricing power.
Bandwidth Inc. (BAND) has a market capitalization of $2.0B. It is classified as a small-cap stock.
Bandwidth Inc. (BAND) does not currently pay a regular dividend.
Bandwidth Inc. (BAND) operates in the Services-Prepackaged Software industry, within the Technology sector.
Bandwidth Inc. (BAND) reported annual revenue of $754 million in its most recent fiscal year, based on SEC EDGAR filings.
Bandwidth Inc. (BAND) has a net profit margin of -1.7%. The company is currently unprofitable.
Bandwidth Inc. (BAND) generated $67 million in free cash flow in its most recent fiscal year. Positive free cash flow supports dividends, buybacks, and debt reduction.
A global communications transformation is underway, and we believe Bandwidth is at the center. Our mission is to develop and deliver the power to communicate. We enable innovative organizations—from startup app developers to the world’s largest enterprises—to engage their end-users and deliver exceptional experiences everywhere people live, learn, work, and play. Backed by the Bandwidth Communications Cloud, our global owned-and-operated network spanning more than 65 countries reaching over 90 percent of global gross domestic product (“GDP”), innovative enterprises use Bandwidth’s Application Programming Interfaces (“APIs”) to easily embed voice, messaging, emergency services, and artificial intelligence (“AI”) capabilities into software and applications. Bandwidth was the first cloud communications provider to offer a robust selection of APIs built on our own cloud platform. Our award-winning support teams help businesses around the world transform their communications every day.
| Metric | TTM | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Revenue | 788M | 754M | 748M | 601M | 573M | 491M |
| Net Income | -5.1M | -13M | -6.5M | -16M | 20M | -27M |
| EPS | $-0.18 | $-0.43 | $-0.24 | $-0.64 | $0.63 | $-1.09 |
| Free Cash Flow | 92M | 67M | 72M | 32M | -6.8M | 23M |
| ROIC | -2.2% | -2.1% | -1.0% | -2.2% | 2.4% | -0.4% |
| Gross Margin | 38.2% | 39.1% | 37.4% | 39.3% | 41.6% | 43.6% |
| Debt/Equity | 0.37 | 1.20 | 1.61 | 2.17 | 1.81 | 1.22 |
| Dividends/Share | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |
| Operating Income | -14M | -14M | -20M | -35M | -24M | -2.2M |
| Operating Margin | -1.8% | -1.9% | -2.7% | -5.9% | -4.2% | -0.5% |
| ROE | -1.2% | -3.6% | -2.1% | -5.7% | 5.7% | -6.5% |
| Shares Outstanding | 33M | 30M | 27M | 26M | 31M | 25M |
| Metric | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Income Statement | ||||||||||||
| Revenue | 138M | 152M | 163M | 204M | 233M | 343M | 491M | 573M | 601M | 748M | 754M | 788M |
| Gross Margin | 42.5% | 44.0% | 45.2% | 47.0% | 46.3% | 44.9% | 43.6% | 41.6% | 39.3% | 37.4% | 39.1% | 38.2% |
| R&D | 7.4M | 8.5M | 11M | 21M | 31M | 55M | 70M | 98M | 104M | 119M | 133M | 140M |
| SG&A | 35M | 34M | 37M | 48M | 59M | 52M | 64M | 68M | 65M | 72M | 75M | 76M |
| EBIT | 8.0M | 15M | 15M | 6.8M | -18M | -14M | -2.2M | -24M | -35M | -20M | -14M | -14M |
| Op. Margin | 5.8% | 10.0% | 9.0% | 3.3% | -7.6% | -3.9% | -0.5% | -4.2% | -5.9% | -2.7% | -1.9% | -1.8% |
| Net Income | -5.8M | 19M | 5.3M | 18M | 2.5M | -44M | -27M | 20M | -16M | -6.5M | -13M | -5.1M |
| Net Margin | -4.2% | 12.8% | 3.3% | 8.8% | 1.1% | -12.8% | -5.6% | 3.4% | -2.7% | -0.9% | -1.7% | -0.6% |
| Non-Recurring | -382K | -19K | -91K | -191K | -456K | -334K | -832K | 0 | 0 | 0 | 0 | 0 |
| Returns on Capital | ||||||||||||
| ROIC | N/A | 43.0% | 35.2% | 15.1% | 1.3% | -3.6% | -0.4% | 2.4% | -2.2% | -1.0% | -2.1% | -2.2% |
| ROE | 32.4% | -93.6% | 19.6% | 19.3% | 1.3% | -12.6% | -6.5% | 5.7% | -5.7% | -2.1% | -3.6% | -1.2% |
| ROA | N/A | 54.8% | 6.1% | 14.1% | 1.0% | -7.1% | -2.8% | 2.0% | -1.6% | -0.6% | -1.3% | -0.5% |
| Cash Flow | ||||||||||||
| Op. Cash Flow | -3.8M | 5.2M | 15M | 25M | -1.3M | 4.5M | 41M | 35M | 39M | 84M | 89M | 101M |
| Free Cash Flow | -5.9M | 1.3M | 9.6M | 12M | -23M | -7.8M | 23M | -6.8M | 32M | 72M | 67M | 92M |
| Owner Earnings | -14M | -2.4M | 7.1M | 15M | -17M | -22M | -10M | -21M | -40M | -14M | -17M | -95M |
| CapEx | 2.1M | 3.8M | 5.0M | 12M | 22M | 12M | 18M | 42M | 6.9M | 11M | 22M | 9.6M |
| Maint. CapEx | 7.1M | 6.1M | 5.7M | 5.8M | 9.5M | 17M | 37M | 36M | 42M | 49M | 54M | 145M |
| Growth CapEx | 0 | 0 | 0 | 6.6M | 13M | 0 | 0 | 6.1M | 0 | 0 | 0 | 0 |
| D&A | 7.1M | 6.1M | 5.7M | 5.8M | 9.5M | 17M | 37M | 36M | 42M | 49M | 54M | 145M |
| CapEx/OCF | N/A | N/A | 34.3% | 50.4% | N/A | 133.8% | 9.2% | 5.0% | 17.6% | 13.6% | 7.4% | 9.5% |
| Capital Allocation | ||||||||||||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Dividend Yield | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Share Buybacks | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Buyback Yield | 0.0% | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 0.0% |
| Stock-Based Comp | 3.5M | 1.4M | 1.8M | 3.3M | 6.6M | 9.9M | 15M | 21M | 37M | 48M | 52M | 52M |
| Debt Repayment | 52K | 554K | 25K | 25K | 167K | 12M | 7.5M | 553K | 710K | 524K | 25K | 25K |
| Balance Sheet | ||||||||||||
| Net Debt | N/A | 33M | -38M | -58M | -160M | 233M | 172M | 308M | 492M | 421M | 370M | 99M |
| Cash & Equiv. | 10M | 6.8M | 38M | 41M | 184M | 72M | 331M | 114M | 132M | 82M | 103M | 50M |
| Long-Term Debt | N/A | 38M | 0 | N/A | 0 | 282M | 486M | 481M | 419M | 281M | 248M | 149M |
| Debt/Equity | N/A | -1.78 | 0.00 | 0.00 | 0.09 | 0.71 | 1.22 | 1.81 | 2.17 | 1.61 | 1.20 | 0.37 |
| Interest Coverage | 13.5 | 16.8 | 8.5 | 63.1 | N/A | -0.8 | -0.1 | -4.7 | -9.5 | -6.7 | -5.9 | -5.9 |
| Equity | -19M | -22M | 77M | 109M | 270M | 430M | 413M | 272M | 297M | 313M | 400M | 406M |
| Total Assets | N/A | 70M | 104M | 150M | 341M | 891M | 1.1B | 929M | 1.1B | 989M | 1.1B | 984M |
| Total Liabilities | N/A | 92M | 28M | 42M | 71M | 461M | 653M | 657M | 804M | 677M | 653M | 579M |
| Intangibles | N/A | 8.5M | 7.6M | 7.1M | 6.6M | 248M | 211M | 177M | 167M | 145M | 139M | 129M |
| Retained Earnings | N/A | -32M | -26M | -7.8M | -5.5M | -50M | -77M | -49M | -65M | -71M | -84M | -80M |
| Working Capital | N/A | -2.4M | 41M | 59M | 181M | 101M | 319M | 166M | 130M | 47M | 65M | -11M |
| Current Assets | N/A | 28M | 65M | 92M | 227M | 194M | 413M | 280M | 253M | 188M | 219M | 172M |
| Current Liabilities | N/A | 30M | 25M | 33M | 46M | 92M | 93M | 114M | 123M | 140M | 154M | 183M |
| Per Share Data | ||||||||||||
| EPS | -0.47 | 1.51 | 0.37 | 0.85 | 0.10 | -1.83 | -1.09 | 0.63 | -0.64 | -0.24 | -0.43 | -0.18 |
| Owner EPS | -1.16 | -0.18 | 0.49 | 0.73 | -0.70 | -0.92 | -0.41 | -0.69 | -1.55 | -0.50 | -0.55 | -2.88 |
| Book Value | -1.54 | -1.74 | 5.33 | 5.16 | 10.83 | 17.89 | 16.44 | 8.81 | 11.65 | 11.50 | 13.32 | 12.31 |
| Cash Flow/Share | -0.31 | 0.40 | 1.02 | 1.17 | -0.05 | 0.19 | 1.63 | 1.13 | 1.53 | 3.09 | 2.98 | 4.23 |
| Dividends/Share | N/A | N/A | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Shares Out. | 12.3M | 12.9M | 14.4M | 21.1M | 24.9M | 24.0M | 25.1M | 30.9M | 25.5M | 27.2M | 30.0M | 33.0M |
| Valuation | ||||||||||||
| P/E Ratio | N/A | N/A | 65.9 | 46.0 | 653.0 | N/A | N/A | N/A | N/A | N/A | N/A | -324.4 |
| P/FCF | N/A | N/A | 36.6 | 67.5 | N/A | N/A | 76.7 | N/A | 11.8 | 6.5 | 6.8 | 21.5 |
| EV/EBIT | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Price/Book | N/A | N/A | 4.6 | 7.6 | 6.0 | 8.9 | 4.3 | 2.2 | 1.3 | 1.5 | 1.1 | 4.9 |
| Price/Sales | N/A | N/A | 1.9 | 3.9 | 7.0 | 8.4 | 6.1 | 1.2 | 0.6 | 0.6 | 0.6 | 2.5 |
| FCF Yield | N/A | N/A | 2.7% | 1.5% | -1.4% | -0.2% | 1.3% | -1.1% | 8.5% | 15.4% | 14.7% | 4.7% |
| Market Cap | 0 | N/A | 351M | 824M | 1.6B | 3.8B | 1.8B | 595M | 378M | 471M | 456M | 2.0B |
| Avg. Price | 0.00 | N/A | 21.46 | 37.93 | 65.27 | 120.09 | 119.18 | 27.03 | 14.59 | 17.79 | 15.14 | 59.80 |
| Year-End Price | 0.00 | N/A | 24.38 | 39.10 | 65.30 | 159.59 | 70.66 | 22.64 | 14.79 | 17.32 | 15.20 | 59.80 |
Bandwidth Inc. passes 1 of 9 quality checks, indicating weak fundamentals.
On a free-cash-flow basis, the stock trades at 21.2x vs a median of 24.2x. The company's 5-year average gross margin is 40.2%. At current prices, the estimated annualized return to fair value is +42.1%.
Bandwidth Inc. (BAND) has a debt-to-equity ratio of 1.20. This indicates moderate leverage.
Bandwidth Inc. (BAND) reported earnings per share (EPS) of $-0.43 in its most recent fiscal year.
Bandwidth Inc. (BAND) has a return on equity (ROE) of -3.6%. A negative ROE may indicate losses or negative equity.
Bandwidth Inc. (BAND) has a 5-year average gross margin of 40.2%. This indicates decent pricing power.
The Ledger Terminal provides 11 years of financial data for Bandwidth Inc. (BAND), sourced directly from SEC EDGAR filings. This includes income statements, balance sheets, cash flow statements, and key financial ratios.
Bandwidth Inc. (BAND) has a book value per share of $13.32, based on its most recent annual SEC filing.