Bandwidth Inc. income statement
In fiscal 2025, Bandwidth Inc. reported revenue of $754m, up 0.7% on the year before, operating income of −$14.4m (a -1.9% margin) and net income of −$12.9m, or −$0.43 per diluted share. Every line below comes from the company's 10-K and 10-Q filings; column headings link to the filing.
Income statement
| Fiscal year | 2015Dec 2015 | 2016Dec 2016 | 2017Dec 2017 | 2018Dec 2018 | 2019Dec 2019 | 2020Dec 2020 | 2021Dec 2021 | 2022Dec 2022 | 2023Dec 2023 | 2024Dec 2024 | 2025Dec 2025 | LTMSept 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 138 | 152 | 163 | 204 | 233 | 343 | 491 | 573 | 601 | 748 | 754 | 870 |
| Cost of revenue | 79 | 85 | 89 | 108 | 125 | 189 | 277 | 335 | 365 | 469 | 459 | 551 |
| Gross profit | 59 | 67 | 74 | 96 | 108 | 154 | 214 | 238 | 236 | 280 | 295 | 319 |
| Research and development | 7 | 9 | 11 | 21 | 31 | 55 | 70 | 98 | 104 | 119 | 133 | 149 |
| Selling and marketing | 9 | 9 | 11 | 21 | 35 | 61 | 82 | 97 | 102 | 110 | 102 | 101 |
| General and administrative | 35 | 34 | 37 | 48 | 59 | 52 | 64 | 68 | 65 | 72 | 75 | 80 |
| Operating income | 8 | 15 | 15 | 7 | −18 | −14 | −2 | −24 | −35 | −20 | −14 | −11 |
| Interest expense | — | — | — | — | — | 16 | 29 | 5 | 4 | 3 | 2 | — |
| Net interest income | −1 | −1 | −2 | — | — | — | — | — | — | — | — | — |
| Income before tax | 7 | 14 | 13 | 7 | −15 | −29 | — | — | — | — | — | — |
| Income tax | 0 | −11 | 7 | −11 | −18 | 15 | −4 | −2 | −3 | −2 | −4 | −8 |
| Net income | −7 | 22 | 6 | 18 | 2 | −44 | −27 | 20 | −16 | −7 | −13 | 9 |
| Diluted EPS | −$0.47 | $1.51 | $0.37 | $0.85 | $0.10 | −$1.83 | −$1.09 | −$0.48 | −$0.64 | −$0.24 | −$0.43 | $0.25 |
| Diluted shares (average) | 12m | 13m | 15m | 21m | 24m | 24m | 25m | 31m | 26m | 27m | 30m | 34m |
| EBITDA | 14 | 20 | 19 | 12 | −9 | −0 | 15 | −6 | −11 | 12 | 21 | 28 |
| Quarter | 2024 Q4Dec 2024 | 2025 Q1Mar 2025 | 2025 Q2Jun 2025 | 2025 Q3Sept 2025 | 2025 Q4Dec 2025 | 2026 Q1Mar 2026 | 2026 Q2Jun 2026 | 2026 Q3Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 210 | 174 | 180 | 192 | 208 | 209 | 220 | 234 |
| Cost of revenue | 133 | 103 | 108 | 118 | 130 | 131 | 141 | 149 |
| Gross profit | 77 | 72 | 72 | 74 | 78 | 78 | 79 | 85 |
| Research and development | 31 | 31 | 32 | 33 | 37 | 38 | 37 | 36 |
| Selling and marketing | 28 | 26 | 25 | 25 | 26 | 25 | 25 | 26 |
| General and administrative | 20 | 19 | 19 | 18 | 19 | 19 | 20 | 21 |
| Operating income | −3 | −5 | −4 | −2 | −4 | −5 | −5 | 2 |
| Interest expense | 1 | 1 | 1 | 1 | 1 | — | — | — |
| Income tax | −1 | −0 | 0 | −2 | −1 | −2 | −3 | −2 |
| Net income | −2 | −4 | −5 | −1 | −3 | 4 | 2 | 5 |
| Diluted EPS | −$0.06 | −$0.13 | −$0.16 | −$0.04 | −$0.10 | −$0.08 | −$0.07 | $0.13 |
| EBITDA | 5 | 4 | 5 | 7 | 6 | 5 | 6 | 12 |
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