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Bandwidth Inc.

BAND NASDAQ Categories PDF
Technology · Software - Infrastructure · United States · Updated May 10, 6:13pm
$49.89
Price
$1.6B
Market Cap
1,100
Employees
2.73
Beta
David Andrew Morken
CEO
Business Description

Bandwidth Inc. operates as a cloud-based software-powered communications platform-as-a-service (CPaaS) provider in the United States. The company operates in two segments, CPaaS and Other. Its platform enables enterprises to create, scale, and operate voice or messaging communications services across various mobile applications or connected devices. The company also provides SIP trunking, data resale, and hosted voice over Internet protocol services. It serves large enterprises, communications service providers, conferencing providers, contact centers, small and medium-sized businesses, emerging technology companies, and many other businesses. Bandwidth Inc. was founded in 2000 and is headquartered in Raleigh, North Carolina.

Business History
Price History (1 Year)
Revenue & Net Income Trend
The directional story — useful even when net income is negative.
Revenue
The top line — total sales before any costs or taxes are subtracted. A measure of how much business the company is doing.
Net Income
The bottom line — profit left after subtracting all expenses, interest, and taxes from revenue. Reflects accounting profitability, but includes non-cash items like depreciation, so it isn't the same as cash earned.
Operating Cash Flow
The real cash generated by the day-to-day business — selling products, paying suppliers, collecting from customers. Calculated from net income by adding back non-cash items and adjusting for timing (unpaid bills, unsold inventory). When OCF consistently lags net income, the reported profit may not be converting to real money.
Period Revenue Net Income Net Margin YoY/QoQ
Key Metrics
API Direct from provider CALC Derived from statements
P/E Ratio (Price per dollar of earnings)
CALC
Stock Price / EPS (Diluted)
-116.02
Stock Price: $49.89
EPS (Diluted): -0.43
P/B Ratio (Price vs net asset value)
API
Stock Price / Book Value Per Share
1.16
Stock Price: $49.89
Total Equity: $399.97M
Shares: 29,997,000
EV/EBITDA (Total value vs operating profit)
API
Enterprise Value / EBITDA
45.07
Market Cap: $1.60B
Total Debt: $480.16M
Cash: $103.16M
EBITDA: $42.59M
Enterprise Value (Takeover price (cap + debt - cash))
API
Market Cap + Total Debt - Cash
$1.1B
Market Cap: $1.60B
Total Debt: $480.16M
Cash: $103.16M
Gross Margin (Revenue left after direct costs)
API
Gross Profit / Revenue
35.8%
Gross Profit: $270.10M
Revenue: $753.82M
Operating Margin (Revenue left after all operations)
API
Operating Income / Revenue
-1.9%
Operating Income: -$14.37M
Revenue: $753.82M
Net Margin (Revenue left as actual profit)
API
Net Income / Revenue
-1.7%
Net Income: -$12.91M
Revenue: $753.82M
ROE (Profit from shareholder equity)
API
Net Income / Total Equity
-1.3%
Net Income: -$12.91M
Total Equity: $399.97M
ROIC (Profit from all invested capital)
API
NOPAT / Invested Capital
-0.8%
Operating Income: -$14.37M
Tax Rate: 22.2%
Equity: $399.97M
Total Debt: $480.16M
Cash: $103.16M
Current Ratio (Can it pay short-term bills)
API
Current Assets / Current Liabilities
1.39
Current Assets: $214.23M
Current Liabilities: $154.07M
Debt/Equity (Leverage — debt vs equity)
CALC
Total Debt / Total Equity
1.20
Short-Term Debt: $11.57M
Long-Term Debt: $468.58M
Total Debt: $480.16M
Total Equity: $399.97M
Rev/Share (Top-line per share)
CALC
Revenue / Shares Outstanding
$25.13
Revenue: $753.82M
Shares: 29,997,000
Book Value/Share (Net assets per share)
CALC
(Total Assets - Total Liabilities) / Shares
$13.33
Total Equity: $399.97M
Shares: 29,997,000
FCF/Share (Real cash generated per share)
CALC
(Operating Cash Flow + CapEx) / Shares
$2.24
Operating CF: $89.49M
CapEx: -$22.26M
Shares: 29,997,000
CapEx is negative (outflow) — added to OCF to get FCF
Div Yield (Annual income from holding)
API
Last Annual Dividend / Stock Price
0.0%
Last Dividend: N/A
Stock Price: $49.89
Payout Ratio (Earnings paid out as dividends)
Dividends Paid / Net Income
—
Dividends Paid: N/A
Net Income: -$12.91M
Dividends paid not available in cash flow statement
Industry Benchmarks
Compares BAND against LLM-researched typical ranges for its industry. One research call per industry, cached indefinitely — every stock in the same industry reuses the same baseline.
Deep Analysis

Pre-flight intelligence scans the company first, then routes to the right analytical methods.

0 Company Classification — What type of company is this?
1 Industry Landscape — Where is the industry headed?
2 Company Momentum — Where is this company trending?
3 Forward Projection — 1Y & 2Y projected metrics (requires Layer 1 + 2)
4a DCF Valuation — Present value of future cash flows
4b Earnings Power Value — Floor value — worth with zero growth
4c Anchored PE — Industry PE adjusted for growth differential
4d Reverse DCF — What growth is the market pricing in?
4e Revenue-Based DCF — For growth/narrative companies (skip if mature earner)
4f Anchored P/S — Price-to-Sales peer comparison (skip if mature earner)
4g Scenario Analysis — Bull / Base / Bear (skip if mature earner)
4h Dividend Discount Model — For dividend/income stocks only
4i Book Value Analysis — For deep value / turnaround stocks only
4j Insider Activity — Are insiders buying or selling?
4f Cash Flow Quality — How trustworthy is the FCF?
4g Debt Maturity Risk — Can it handle its debt?
4h Macro Environment — Rates, market valuation, volatility
4i Sector Intelligence — How does this company compare within its sector?
4j Revenue Confidence — How reliable is the growth projection?
4k Sensitivity Analysis — How fragile is the fair value estimate?
4l Sector Demand Cycle — Is the sector in a boom, steady state, or contraction?
5 AI Investigation — Adaptive research engine (Claude)
5b Thesis Evaluation — What does the market believe? (narrative/platform stocks only)
6 Valuation Synthesis — Weighted verdict from all methods (requires Layer 4)
Income Statement (Annual)
Metric 2021 2022 2023 2024 2025
Revenue $490.9M $573.2M $601.1M $748.5M $753.8M
Cost of Revenue $272.4M $334.8M $365.0M $468.5M $483.7M
Gross Profit $218.5M $238.4M $236.2M $280.0M $270.1M
Operating Expenses $220.8M $262.7M $271.6M $300.0M $284.5M
Operating Income -$2.2M -$24.3M -$35.5M -$20.1M -$14.4M
Net Income -$27.4M $19.6M -$16.3M -$6.5M -$12.9M
EBITDA $39.8M $62.9M $32.5M $42.2M $42.6M
EPS $-1.09 $0.77 $-0.64 $-0.24 $-0.43
EPS (Diluted) — — — — —
Balance Sheet (Annual)
Metric 2021 2022 2023 2024 2025
Cash & Equivalents $331.5M $113.6M $132.0M $81.8M $103.2M
Total Current Assets $412.9M $279.6M $252.8M $187.8M $214.2M
Total Assets $1.1B $929.3M $1.1B $989.2M $1.1B
Current Liabilities $93.5M $114.0M $122.8M $140.3M $154.1M
Long-Term Debt $486.4M $480.5M $418.5M $281.3M $468.6M
Total Liabilities $652.9M $657.1M $803.7M $676.6M $720.2M
Total Equity $412.6M $272.2M $297.4M $312.5M $400.0M
Retained Earnings -$76.9M -$48.5M -$64.9M -$71.4M -$84.3M
Cash Flow (Annual)
Metric 2021 2022 2023 2024 2025
Operating Cash Flow $40.8M $34.9M $39.0M $83.9M $89.5M
Capital Expenditure -$54.6M -$64.1M -$19.9M -$14.0M -$22.3M
Free Cash Flow -$13.8M -$29.2M $19.1M $69.9M $67.2M
Acquisitions (net) $17.5M $1.6M $1.3M $0 $0
Debt Repayment — — — — —
Dividends Paid — — — — —
Stock Buybacks -$25.5M $0 $0 $0 $0
Net Change in Cash $250.9M -$217.7M $17.7M -$50.1M $20.9M
Analyst Estimates (Annual)
Metric 2025 2026 2027 2028
Revenue $754.5M
$752.9M – $755.7M
 $890.9M
$882.7M – $897.6M
 $930.5M
$891.4M – $971.9M
 $1.1B
$1.1B – $1.1B
EBITDA $54.0M
$53.9M – $54.1M
 $63.8M
$63.2M – $64.2M
 $66.6M
$63.8M – $69.6M
 $79.7M
$78.0M – $81.5M
Net Income $42.7M
$40.0M – $45.4M
 $54.0M
$53.4M – $54.6M
 $65.5M
$59.0M – $72.1M
 $86.7M
$84.3M – $89.2M
EPS — — — —
Growth Trends (YoY %)
Metric 2022 2023 2024 2025
Revenue Growth +16.8% +4.9% +24.5% +0.7%
Gross Profit Growth +9.1% -0.9% +18.5% -3.5%
Operating Income Growth -987.3% -45.8% +43.4% +28.4%
Net Income Growth +171.5% -183.5% +60.1% -97.9%
EBITDA Growth +58.0% -48.3% +29.5% +1.0%
Insider Trading (Recent)
Date Insider Type Shares Price Value
2026-05-05 Roush Lukas M. S-Sale 5,696.00 $47.62 $271,222
2026-05-05 Krupka Devin M S-Sale 4,444.00 $46.04 $204,592
2026-05-05 Krupka Devin M G-Gift 3,333.00 $0.00 $0
2026-05-04 Asbill Richard Brandon S-Sale 20,000.00 $44.15 $882,908
2026-05-04 Agarwal Devesh S-Sale 10,258.00 $45.02 $461,857
2026-05-05 Agarwal Devesh S-Sale 4,742.00 $45.39 $215,222
2026-05-04 Bottorff Rebecca S-Sale 9,425.00 $45.30 $426,986
2026-04-30 Ross Kade S-Sale 7,100.00 $31.00 $220,100
2026-04-30 Ross Kade S-Sale 1,400.00 $32.54 $45,560
2026-04-30 Ross Kade S-Sale 1,500.00 $33.46 $50,192
2026-04-16 Raiford Daryl E S-Sale 8,040.00 $20.00 $160,809
2026-03-21 Krupka Devin M M-Exempt 1,842.00 $0.00 $0
2026-03-21 Krupka Devin M F-InKind 524.00 $15.46 $8,101
2026-03-21 Krupka Devin M M-Exempt 1,842.00 $0.00 $0
2026-03-12 Raiford Daryl E S-Sale 17,026.00 $15.47 $263,309
2026-03-13 Raiford Daryl E S-Sale 16,100.00 $15.19 $244,524
2026-03-10 Raiford Daryl E S-Sale 14,000.00 $16.31 $228,404
2026-03-11 Raiford Daryl E S-Sale 8,807.00 $15.62 $137,536
2026-03-06 Raiford Daryl E S-Sale 4,900.00 $16.34 $80,069
2026-03-09 Raiford Daryl E S-Sale 8,968.00 $16.48 $147,765
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Data via Financial Modeling Prep · Cached for performance · fmp
v1.1.193 · 1946f027 · 2026-05-08 18:57:27