Bandwidth (BAND) Financials

$12.18 -0.31 (-2.48%)

Closing price 04:00 PM Eastern

Extended Trading

$12.55 +0.37 (+3.04%)

As of 07:51 PM Eastern

Annual Income Statements for Bandwidth

This table shows Bandwidth's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	20	-16	-6.52
Consolidated Net Income / (Loss)	20	-16	-6.52
Net Income / (Loss) Continuing Operations	20	-16	-6.52
Total Pre-Tax Income	17	-19	-8.95
Total Operating Income	-24	-35	-20
Total Gross Profit	238	236	280
Total Revenue	573	601	748
Operating Revenue	573	601	748
Total Cost of Revenue	335	365	469
Operating Cost of Revenue	335	365	469
Total Operating Expenses	263	268	300
Selling, General & Admin Expense	68	65	72
Marketing Expense	97	102	110
Research & Development Expense	98	104	119
Other Special Charges / (Income)	0.00	-4.00	0.00
Total Other Income / (Expense), net	42	12	11
Interest Expense	-40	-13	-10
Interest & Investment Income	-3.05	-0.81	-1.86
Other Income / (Expense), net	4.47	0.20	2.70
Income Tax Expense	-2.26	-2.96	-2.43
Basic Earnings per Share	$0.77	($0.64)	($0.24)
Weighted Average Basic Shares Outstanding	25.28M	25.61M	27.21M
Diluted Earnings per Share	($0.48)	($0.64)	($0.24)
Weighted Average Diluted Shares Outstanding	30.91M	25.61M	27.21M
Weighted Average Basic & Diluted Shares Outstanding	25.44M	26.27M	28.62M
Cash Dividends to Common per Share	$0.00	$0.00	$0.00

This table shows Bandwidth's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Income / (Loss) Attributable to Common Shareholders	-0.80	33	3.61	-3.89	-5.13	-11	-9.23	4.06	0.41	-1.76
Consolidated Net Income / (Loss)	-0.80	33	3.61	-3.89	-5.13	-11	-9.23	4.06	0.41	-1.76
Net Income / (Loss) Continuing Operations	-0.80	33	3.61	-3.89	-5.13	-11	-9.23	4.06	0.41	-1.76
Total Pre-Tax Income	-1.73	32	0.48	-3.74	-5.35	-11	-9.43	3.72	-0.32	-2.92
Total Operating Income	-1.39	-7.02	-12	-7.52	-6.15	-10	-10	-6.07	-0.90	-2.67
Total Gross Profit	63	64	56	59	59	62	65	65	73	77
Total Revenue	148	157	138	146	152	165	171	174	194	210
Operating Revenue	148	157	138	146	152	165	171	174	194	210
Total Cost of Revenue	85	93	82	87	93	103	106	109	121	133
Operating Cost of Revenue	85	93	82	87	93	103	106	109	121	133
Total Operating Expenses	65	71	67	62	66	72	76	71	74	79
Selling, General & Admin Expense	17	18	17	16	16	17	18	17	18	20
Marketing Expense	23	27	25	26	25	26	29	26	26	28
Research & Development Expense	25	26	26	25	25	29	29	28	30	31
Total Other Income / (Expense), net	-0.34	39	12	-0.22	0.80	-0.67	0.98	9.80	0.58	-0.25
Other Income / (Expense), net	-0.34	2.19	-0.53	-0.22	0.80	0.14	0.98	-0.47	0.58	1.61
Income Tax Expense	-0.92	-1.10	-3.13	0.15	-0.22	0.23	-0.20	-0.33	-0.73	-1.16
Basic Earnings per Share	($0.03)	$1.32	$0.14	($0.15)	($0.20)	($0.43)	($0.35)	$0.15	$0.02	($0.06)
Weighted Average Basic Shares Outstanding	25.30M	25.28M	25.45M	25.56M	25.61M	25.61M	26.49M	27.08M	27.37M	27.21M
Diluted Earnings per Share	($0.03)	$0.07	($0.28)	($0.15)	($0.20)	($0.01)	($0.35)	($0.17)	$0.01	$0.27
Weighted Average Diluted Shares Outstanding	25.30M	30.91M	29.27M	25.56M	25.61M	25.61M	26.49M	29.50M	28.62M	27.21M
Weighted Average Basic & Diluted Shares Outstanding	25.32M	25.44M	25.56M	25.59M	25.64M	26.27M	27.01M	27.30M	27.51M	28.62M

This table details how cash moves in and out of Bandwidth's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Net Change in Cash & Equivalents	-218	18	-50
Net Cash From Operating Activities	35	39	84
Net Cash From Continuing Operating Activities	35	39	84
Net Income / (Loss) Continuing Operations	20	-16	-6.52
Consolidated Net Income / (Loss)	20	-16	-6.52
Depreciation Expense	36	42	49
Amortization Expense	10	12	5.31
Non-Cash Adjustments To Reconcile Net Income	-20	24	37
Changes in Operating Assets and Liabilities, net	-11	-22	-1.24
Net Cash From Investing Activities	-133	31	-1.44
Net Cash From Continuing Investing Activities	-133	31	-1.44
Purchase of Property, Plant & Equipment	-45	-20	-25
Purchase of Investments	-180	-81	-34
Divestitures	1.56	1.25	1.78
Sale and/or Maturity of Investments	109	130	54
Other Investing Activities, net	-19	0.00	2.71
Net Cash From Financing Activities	-120	-53	-131
Net Cash From Continuing Financing Activities	-120	-53	-131
Repayment of Debt	-118	-52	-336
Issuance of Debt	0.00	0.00	207
Other Financing Activities, net	-2.17	-0.81	-2.22
Effect of Exchange Rate Changes	0.88	0.61	-1.24
Cash Interest Paid	0.02	-1.50	0.69
Cash Income Taxes Paid	3.93	7.20	3.82

This table details how cash moves in and out of Bandwidth's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Net Change in Cash & Equivalents	1.11	-53	-29	6.55	16	25	-27	-43	13	6.97
Net Cash From Operating Activities	24	11	-6.35	3.09	23	19	2.47	24	20	37
Net Cash From Continuing Operating Activities	24	11	-6.35	3.09	23	19	2.47	24	20	37
Net Income / (Loss) Continuing Operations	-0.80	33	3.61	-3.89	-5.13	-11	-9.23	4.06	0.41	-1.76
Consolidated Net Income / (Loss)	-0.80	33	3.61	-3.89	-5.13	-11	-9.23	4.06	0.41	-1.76
Depreciation Expense	8.78	8.73	8.89	9.80	11	12	12	12	12	12
Amortization Expense	-2.91	7.72	2.61	-1.13	0.51	9.85	0.53	2.44	-1.64	3.98
Non-Cash Adjustments To Reconcile Net Income	10	-40	-5.39	7.25	13	9.44	13	-0.05	13	10
Changes in Operating Assets and Liabilities, net	8.75	0.60	-16	-8.94	3.70	-1.12	-15	5.69	-3.94	12
Net Cash From Investing Activities	-18	47	29	3.62	-5.70	3.97	-27	22	7.00	-3.13
Net Cash From Continuing Investing Activities	-18	47	29	3.62	-5.70	3.97	-27	22	7.00	-3.13
Purchase of Property, Plant & Equipment	-11	-25	-4.55	-4.31	-4.81	-6.23	-6.87	-6.12	-6.22	-6.17
Purchase of Investments	-40	-1.45	-11	-30	-20	-20	-22	-9.33	-0.99	-1.97
Divestitures	-	1.56	0.42	0.42	0.24	0.18	0.21	0.26	1.16	0.16
Sale and/or Maturity of Investments	33	76	44	37	19	30	1.42	37	10	4.85
Net Cash From Financing Activities	-0.21	-117	-52	0.13	-0.79	-0.05	-1.81	-89	-15	-25
Net Cash From Continuing Financing Activities	-0.21	-117	-52	0.13	-0.79	-0.05	-1.81	-89	-15	-25
Repayment of Debt	-0.07	-117	-51	-0.11	-0.70	-0.01	0.00	-154	-116	-66
Issuance of Debt	-	-	-	-	-	-	-	-	101	41
Other Financing Activities, net	-0.15	-0.12	-0.92	0.24	-0.09	-0.04	-1.81	-0.41	-0.02	0.02
Effect of Exchange Rate Changes	-4.91	7.22	0.31	-0.28	-0.91	1.50	-0.39	-0.21	0.65	-1.28
Cash Interest Paid	0.05	-1.31	-0.33	-	-	-0.69	-	-	0.78	0.67
Cash Income Taxes Paid	0.37	3.03	-0.55	3.15	3.10	1.52	0.44	2.58	0.19	0.60

This table presents Bandwidth's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Total Assets	929	1,101	989
Total Current Assets	280	253	188
Cash & Equivalents	114	132	82
Short-Term Investments	71	21	1.98
Accounts Receivable	74	78	86
Prepaid Expenses	17	17	14
Other Current Assets	3.57	4.16	3.73
Plant, Property, & Equipment, net	100	178	177
Total Noncurrent Assets	550	670	625
Goodwill	326	336	317
Intangible Assets	177	167	145
Other Noncurrent Operating Assets	46	168	162
Total Liabilities & Shareholders' Equity	929	1,101	989
Total Liabilities	657	804	677
Total Current Liabilities	114	123	140
Accounts Payable	27	34	28
Accrued Expenses	63	69	98
Current Deferred Revenue	7.18	8.06	7.03
Other Current Liabilities	17	11	6.81
Total Noncurrent Liabilities	543	681	536
Long-Term Debt	481	419	281
Noncurrent Deferred Revenue	8.31	8.41	7.96
Noncurrent Deferred & Payable Income Tax Liabilities	38	33	27
Other Noncurrent Operating Liabilities	16	221	220
Commitments & Contingencies	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	272	297	313
Total Preferred & Common Equity	272	297	313
Preferred Stock	0.00	0.00	0.00
Total Common Equity	272	297	313
Common Stock	365	391	436
Retained Earnings	-49	-65	-71
Accumulated Other Comprehensive Income / (Loss)	-44	-29	-52

This table presents Bandwidth's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Period end date	9/30/2022	3/31/2023	6/30/2023	9/30/2023	3/31/2024	6/30/2024	9/30/2024
Total Assets	1,008	861	917	1,070	1,086	1,002	1,030
Total Current Assets	417	210	220	234	257	181	199
Cash & Equivalents	166	85	92	107	105	62	75
Short-Term Investments	145	38	31	32	42	14	4.97
Accounts Receivable	77	63	75	75	89	86	100
Prepaid Expenses	24	20	19	16	17	15	15
Other Current Assets	3.77	3.65	4.39	4.19	3.74	3.87	3.81
Plant, Property, & Equipment, net	73	102	173	177	174	173	170
Total Noncurrent Assets	518	549	524	659	655	647	661
Goodwill	299	331	330	322	329	326	340
Intangible Assets	170	176	174	165	161	156	159
Other Noncurrent Operating Assets	49	42	20	172	166	165	161
Total Liabilities & Shareholders' Equity	1,008	861	917	1,070	1,086	1,002	1,030
Total Liabilities	814	572	625	790	787	695	693
Total Current Liabilities	117	95	98	109	109	156	154
Short-Term Debt	-	-	-	-	-	40	25
Accounts Payable	21	16	21	31	23	32	21
Accrued Expenses	75	58	59	60	68	69	94
Current Deferred Revenue	6.23	15	7.93	12	7.82	7.69	10
Other Current Liabilities	15	6.48	11	4.77	9.36	7.59	3.36
Total Noncurrent Liabilities	697	477	528	681	679	538	540
Long-Term Debt	637	417	418	418	419	281	281
Noncurrent Deferred Revenue	8.16	8.22	8.27	8.10	8.38	8.14	8.13
Noncurrent Deferred & Payable Income Tax Liabilities	35	34	34	32	31	29	30
Other Noncurrent Operating Liabilities	16	17	68	223	220	221	220
Commitments & Contingencies	-	-	-	-	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	195	289	292	280	298	307	337
Total Preferred & Common Equity	195	289	292	280	298	307	337
Preferred Stock	-	-	0.00	0.00	0.00	0.00	0.00
Total Common Equity	195	289	292	280	298	307	337
Common Stock	359	371	377	383	410	419	427
Retained Earnings	-82	-45	-49	-54	-74	-70	-70
Accumulated Other Comprehensive Income / (Loss)	-83	-36	-36	-49	-38	-41	-21

This table displays calculated financial ratios and metrics derived from Bandwidth's official financial filings.

Metric	2022	2023	2024
Period end date	12/31/2022	12/31/2023	12/31/2024
Growth Metrics	-	-	-
Revenue Growth	16.75%	4.88%	24.52%
EBITDA Growth	-57.68%	-29.10%	103.26%
EBIT Growth	-723.35%	-77.63%	50.77%
NOPAT Growth	-1,656.57%	9.77%	43.43%
Net Income Growth	171.52%	-183.51%	60.08%
EPS Growth	55.96%	-33.33%	62.50%
Operating Cash Flow Growth	-14.45%	11.73%	115.08%
Free Cash Flow Firm Growth	-227.90%	32.16%	297.68%
Invested Capital Growth	0.20%	-0.95%	-9.32%
Revenue Q/Q Growth	5.69%	1.42%	6.33%
EBITDA Q/Q Growth	-39.84%	66.98%	49.75%
EBIT Q/Q Growth	-1,426.05%	-16.78%	33.72%
NOPAT Q/Q Growth	-83.80%	35.22%	26.85%
Net Income Q/Q Growth	188.80%	-158.32%	58.44%
EPS Q/Q Growth	44.83%	-14.29%	53.85%
Operating Cash Flow Q/Q Growth	-15.80%	28.72%	25.89%
Free Cash Flow Firm Q/Q Growth	-166.40%	75.07%	267.37%
Invested Capital Q/Q Growth	9.33%	0.63%	-9.35%
Profitability Metrics	-	-	-
Gross Margin	41.59%	39.29%	37.40%
EBITDA Margin	4.50%	3.04%	4.97%
Operating Margin	-4.24%	-5.90%	-2.68%
EBIT Margin	-3.46%	-5.87%	-2.32%
Profit (Net Income) Margin	3.41%	-2.72%	-0.87%
Tax Burden Percent	113.08%	84.67%	72.87%
Interest Burden Percent	-87.18%	54.74%	51.58%
Effective Tax Rate	-13.08%	0.00%	0.00%
Return on Invested Capital (ROIC)	-4.85%	-4.39%	-2.62%
ROIC Less NNEP Spread (ROIC-NNEP)	16.08%	-1.37%	0.63%
Return on Net Nonoperating Assets (RNNOA)	10.56%	-1.35%	0.48%
Return on Equity (ROE)	5.72%	-5.74%	-2.14%
Cash Return on Invested Capital (CROIC)	-5.04%	-3.43%	7.16%
Operating Return on Assets (OROA)	-1.99%	-3.47%	-1.66%
Return on Assets (ROA)	1.96%	-1.61%	-0.62%
Return on Common Equity (ROCE)	5.72%	-5.74%	-2.14%
Return on Equity Simple (ROE_SIMPLE)	7.19%	-5.50%	-2.09%
Net Operating Profit after Tax (NOPAT)	-28	-25	-14
NOPAT Margin	-4.80%	-4.13%	-1.88%
Net Nonoperating Expense Percent (NNEP)	-20.93%	-3.02%	-3.25%
Return On Investment Capital (ROIC_SIMPLE)	-3.65%	-3.47%	-2.36%
Cost of Revenue to Revenue	58.41%	60.71%	62.60%
SG&A Expenses to Revenue	11.87%	10.87%	9.58%
R&D to Revenue	17.10%	17.33%	15.85%
Operating Expenses to Revenue	45.83%	44.52%	40.08%
Earnings before Interest and Taxes (EBIT)	-20	-35	-17
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	26	18	37
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	2.14	1.25	1.50
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00
Price to Revenue (P/Rev)	1.01	0.62	0.63
Price to Earnings (P/E)	29.70	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	3.37%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.54	1.13	1.31
Enterprise Value to Revenue (EV/Rev)	1.53	1.06	0.89
Enterprise Value to EBITDA (EV/EBITDA)	33.98	34.76	17.90
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	25.12	16.31	7.94
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	17.35
Leverage & Solvency	-	-	-
Debt to Equity	1.77	1.41	0.90
Long-Term Debt to Equity	1.77	1.41	0.90
Financial Leverage	0.66	0.98	0.76
Leverage Ratio	2.91	3.56	3.43
Compound Leverage Factor	-2.54	1.95	1.77
Debt to Total Capital	63.84%	58.46%	47.37%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	63.84%	58.46%	47.37%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%
Common Equity to Total Capital	36.16%	41.54%	52.63%
Debt to EBITDA	18.62	22.87	7.56
Net Debt to EBITDA	11.46	14.49	5.31
Long-Term Debt to EBITDA	18.62	22.87	7.56
Debt to NOPAT	-17.47	-16.86	-20.03
Net Debt to NOPAT	-10.75	-10.68	-14.07
Long-Term Debt to NOPAT	-17.47	-16.86	-20.03
Altman Z-Score	1.22	0.78	1.07
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	2.45	2.06	1.34
Quick Ratio	2.27	1.89	1.21
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	-29	-19	38
Operating Cash Flow to CapEx	76.86%	195.99%	330.51%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00
Efficiency Ratios	-	-	-
Asset Turnover	0.57	0.59	0.72
Accounts Receivable Turnover	8.43	7.88	9.09
Inventory Turnover	0.00	0.00	0.00
Fixed Asset Turnover	6.77	4.33	4.22
Accounts Payable Turnover	18.66	11.97	14.98
Days Sales Outstanding (DSO)	43.32	46.34	40.14
Days Inventory Outstanding (DIO)	0.00	0.00	0.00
Days Payable Outstanding (DPO)	19.56	30.48	24.37
Cash Conversion Cycle (CCC)	23.75	15.85	15.76
Capital & Investment Metrics	-	-	-
Invested Capital	568	562	510
Invested Capital Turnover	1.01	1.06	1.40
Increase / (Decrease) in Invested Capital	1.11	-5.41	-52
Enterprise Value (EV)	877	636	666
Market Capitalization	581	371	468
Book Value per Share	$10.75	$11.60	$11.36
Tangible Book Value per Share	($9.15)	($8.01)	($5.45)
Total Capital	753	716	594
Total Debt	481	419	281
Total Long-Term Debt	481	419	281
Net Debt	296	265	197
Capital Expenditures (CapEx)	45	20	25
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-19	-23	-36
Debt-free Net Working Capital (DFNWC)	166	130	47
Net Working Capital (NWC)	166	130	47
Net Nonoperating Expense (NNE)	-47	-8.48	-7.52
Net Nonoperating Obligations (NNO)	296	265	197
Total Depreciation and Amortization (D&A)	46	54	55
Debt-free, Cash-free Net Working Capital to Revenue	-3.36%	-3.90%	-4.85%
Debt-free Net Working Capital to Revenue	28.89%	21.63%	6.34%
Net Working Capital to Revenue	28.89%	21.63%	6.34%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	$0.77	($0.64)	($0.24)
Adjusted Weighted Average Basic Shares Outstanding	25.28M	25.61M	27.21M
Adjusted Diluted Earnings per Share	($0.48)	($0.64)	($0.24)
Adjusted Weighted Average Diluted Shares Outstanding	30.91M	25.61M	27.21M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	25.44M	26.27M	28.62M
Normalized Net Operating Profit after Tax (NOPAT)	-17	-28	-14
Normalized NOPAT Margin	-2.97%	-4.59%	-1.88%
Pre Tax Income Margin	3.02%	-3.21%	-1.20%
Debt Service Ratios	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00
Payout Ratios	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%

This table displays calculated financial ratios and metrics derived from Bandwidth's official financial filings.

Metric	Q3 2022	Q4 2022	Q1 2023	Q2 2023	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024
Period end date	9/30/2022	12/31/2022	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	13.54%	24.45%	4.93%	6.88%	2.49%	5.36%	24.08%	19.01%	27.54%	26.96%
EBITDA Growth	-70.48%	-59.52%	-123.61%	-86.16%	48.70%	3.12%	550.64%	778.05%	70.01%	25.31%
EBIT Growth	73.98%	-129.21%	-85.14%	-16.08%	-210.09%	-104.97%	23.21%	15.43%	94.00%	89.26%
NOPAT Growth	-247.87%	-154.57%	-1,727.62%	16.92%	-343.19%	3.20%	91.70%	-25.66%	85.39%	73.38%
Net Income Growth	88.45%	509.03%	152.99%	37.74%	-539.65%	-132.70%	-355.69%	204.24%	108.05%	83.91%
EPS Growth	89.29%	121.88%	-3.70%	40.00%	-566.67%	-114.29%	-25.00%	-13.33%	105.00%	2,800.00%
Operating Cash Flow Growth	61.80%	-38.26%	5.09%	-56.03%	-4.23%	82.36%	138.79%	691.83%	-11.03%	89.53%
Free Cash Flow Firm Growth	111.01%	-139.65%	-1,400.85%	-201.30%	-176.80%	80.69%	105.67%	172.26%	90.06%	3,230.46%
Invested Capital Growth	-10.05%	0.20%	2.24%	6.21%	7.61%	-0.95%	-2.23%	-6.00%	0.67%	-9.32%
Revenue Q/Q Growth	8.67%	5.83%	-12.19%	5.83%	4.21%	8.80%	3.41%	1.50%	11.68%	8.30%
EBITDA Q/Q Growth	-38.66%	180.75%	-116.75%	220.05%	559.10%	94.70%	31.66%	133.91%	27.62%	43.51%
EBIT Q/Q Growth	74.12%	-179.77%	-154.54%	37.02%	30.86%	-84.93%	4.64%	30.64%	95.09%	-230.84%
NOPAT Q/Q Growth	84.67%	-647.39%	-1,111.21%	94.01%	18.25%	-63.25%	-3.80%	9.29%	90.50%	-197.44%
Net Income Q/Q Growth	87.16%	4,268.83%	-89.20%	-207.73%	-31.88%	-113.14%	15.56%	143.92%	-89.82%	-525.91%
EPS Q/Q Growth	88.00%	333.33%	-500.00%	46.43%	-33.33%	95.00%	-3,400.00%	51.43%	105.88%	2,600.00%
Operating Cash Flow Q/Q Growth	242.16%	-56.00%	-160.14%	148.57%	645.33%	-16.23%	-87.21%	891.32%	-16.25%	78.45%
Free Cash Flow Firm Q/Q Growth	46.04%	-114.65%	-1,103.71%	60.66%	-10.73%	96.32%	453.66%	401.05%	-115.23%	1,259.84%
Invested Capital Q/Q Growth	-6.01%	9.33%	2.66%	0.67%	-4.77%	0.63%	1.34%	-3.21%	1.99%	-9.35%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	42.79%	40.82%	40.37%	40.42%	39.14%	37.52%	38.29%	37.34%	37.72%	36.44%
EBITDA Margin	2.79%	7.40%	-0.56%	0.64%	4.05%	7.25%	2.05%	4.72%	5.40%	7.15%
Operating Margin	-0.94%	-4.47%	-8.53%	-5.15%	-4.04%	-6.07%	-6.09%	-3.50%	-0.46%	-1.27%
EBIT Margin	-1.16%	-3.07%	-8.91%	-5.30%	-3.52%	-5.98%	-5.52%	-3.77%	-0.17%	-0.51%
Profit (Net Income) Margin	-0.54%	21.30%	2.62%	-2.67%	-3.37%	-6.61%	-5.40%	2.34%	0.21%	-0.84%
Tax Burden Percent	46.49%	103.41%	747.62%	104.09%	95.91%	102.19%	97.88%	108.89%	-128.66%	60.18%
Interest Burden Percent	100.00%	-669.93%	-3.93%	48.30%	100.00%	108.17%	100.00%	-56.92%	100.00%	275.24%
Effective Tax Rate	0.00%	-3.41%	-647.62%	0.00%	0.00%	0.00%	0.00%	-8.89%	0.00%	0.00%
Return on Invested Capital (ROIC)	-0.65%	-4.67%	-64.10%	-3.73%	-3.11%	-4.52%	-4.69%	-4.43%	-0.41%	-1.24%
ROIC Less NNEP Spread (ROIC-NNEP)	-0.58%	13.42%	-34.21%	-3.29%	-3.39%	-5.91%	-5.38%	-0.47%	0.01%	-1.20%
Return on Net Nonoperating Assets (RNNOA)	-0.44%	8.82%	-38.72%	-4.04%	-4.31%	-5.82%	-5.17%	-0.43%	0.00%	-0.91%
Return on Equity (ROE)	-1.08%	4.15%	-102.82%	-7.77%	-7.42%	-10.34%	-9.86%	-4.86%	-0.40%	-2.15%
Cash Return on Invested Capital (CROIC)	7.86%	-5.04%	-8.43%	-11.77%	-14.44%	-3.43%	-1.89%	2.17%	-4.09%	7.16%
Operating Return on Assets (OROA)	-0.60%	-1.77%	-5.39%	-3.22%	-2.01%	-3.54%	-3.59%	-2.60%	-0.11%	-0.36%
Return on Assets (ROA)	-0.28%	12.24%	1.59%	-1.62%	-1.92%	-3.91%	-3.52%	1.61%	0.14%	-0.60%
Return on Common Equity (ROCE)	-1.08%	4.15%	-102.82%	-7.77%	-7.42%	-10.34%	-9.86%	-4.86%	-0.40%	-2.15%
Return on Equity Simple (ROE_SIMPLE)	-11.33%	0.00%	10.36%	11.08%	10.01%	0.00%	-9.79%	-6.91%	-4.66%	0.00%
Net Operating Profit after Tax (NOPAT)	-0.97	-7.26	-88	-5.26	-4.30	-7.02	-7.29	-6.61	-0.63	-1.87
NOPAT Margin	-0.65%	-4.62%	-63.76%	-3.61%	-2.83%	-4.25%	-4.26%	-3.81%	-0.32%	-0.89%
Net Nonoperating Expense Percent (NNEP)	-0.07%	-18.09%	-29.89%	-0.44%	0.27%	1.39%	0.69%	-3.96%	-0.41%	-0.05%
Return On Investment Capital (ROIC_SIMPLE)	-	-0.96%	-	-	-	-0.98%	-	-	-	-0.31%
Cost of Revenue to Revenue	57.21%	59.18%	59.63%	59.59%	60.86%	62.48%	61.71%	62.66%	62.28%	63.56%
SG&A Expenses to Revenue	11.21%	11.36%	12.13%	10.88%	10.42%	10.24%	10.44%	9.62%	9.07%	9.32%
R&D to Revenue	16.88%	16.73%	18.62%	17.04%	16.31%	17.46%	16.90%	16.20%	15.56%	14.96%
Operating Expenses to Revenue	43.72%	45.29%	48.90%	42.83%	43.18%	43.59%	44.38%	40.84%	38.18%	37.71%
Earnings before Interest and Taxes (EBIT)	-1.73	-4.83	-12	-7.74	-5.35	-9.89	-9.43	-6.54	-0.32	-1.06
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	4.14	12	-0.78	0.93	6.16	12	3.51	8.20	10	15
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.55	2.14	1.34	1.20	1.03	1.25	1.61	1.48	1.42	1.50
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.56	1.01	0.67	0.59	0.49	0.62	0.76	0.69	0.68	0.63
Price to Earnings (P/E)	0.00	29.70	12.89	10.81	10.29	0.00	0.00	0.00	0.00	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	3.37%	7.76%	9.25%	9.72%	0.00%	0.00%	0.00%	0.00%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.21	1.54	1.17	1.10	1.02	1.13	1.32	1.27	1.25	1.31
Enterprise Value to Revenue (EV/Rev)	1.15	1.53	1.17	1.09	0.96	1.06	1.18	1.06	1.00	0.89
Enterprise Value to EBITDA (EV/EBITDA)	14.59	33.98	46.10	72.10	51.78	34.76	56.68	34.11	28.35	17.90
Enterprise Value to EBIT (EV/EBIT)	418.10	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	15.10	25.12	19.30	20.59	18.73	16.31	15.71	10.12	10.57	7.94
Enterprise Value to Free Cash Flow (EV/FCFF)	14.53	0.00	0.00	0.00	0.00	0.00	0.00	56.68	0.00	17.35
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	3.27	1.77	1.44	1.43	1.49	1.41	1.41	1.04	0.91	0.90
Long-Term Debt to Equity	3.27	1.77	1.44	1.43	1.49	1.41	1.41	0.91	0.83	0.90
Financial Leverage	0.76	0.66	1.13	1.23	1.27	0.98	0.96	0.90	0.82	0.76
Leverage Ratio	3.38	2.91	3.54	3.79	4.38	3.56	3.31	3.20	3.41	3.43
Compound Leverage Factor	3.38	-19.52	-0.14	1.83	4.38	3.86	3.31	-1.82	3.41	9.43
Debt to Total Capital	76.61%	63.84%	59.04%	58.86%	59.89%	58.46%	58.42%	51.05%	47.62%	47.37%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	6.37%	3.89%	0.00%
Long-Term Debt to Total Capital	76.61%	63.84%	59.04%	58.86%	59.89%	58.46%	58.42%	44.68%	43.73%	47.37%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	23.39%	36.16%	40.96%	41.14%	40.11%	41.54%	41.58%	48.95%	52.38%	52.63%
Debt to EBITDA	14.86	18.62	28.26	46.70	38.15	22.87	31.60	15.62	12.32	7.56
Net Debt to EBITDA	7.57	11.46	19.89	32.99	25.45	14.49	20.50	11.90	9.10	5.31
Long-Term Debt to EBITDA	14.86	18.62	28.26	46.70	38.15	22.87	31.60	13.67	11.31	7.56
Debt to NOPAT	-42.58	-17.47	-11.63	-12.75	-10.91	-16.86	-17.55	-14.02	-15.94	-20.03
Net Debt to NOPAT	-21.70	-10.75	-8.18	-9.01	-7.28	-10.68	-11.38	-10.68	-11.78	-14.07
Long-Term Debt to NOPAT	-42.58	-17.47	-11.63	-12.75	-10.91	-16.86	-17.55	-12.27	-14.64	-20.03
Altman Z-Score	1.00	1.27	1.12	1.04	0.83	0.85	0.99	0.96	1.05	1.12
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	3.56	2.45	2.21	2.25	2.16	2.06	2.36	1.16	1.29	1.34
Quick Ratio	3.31	2.27	1.97	2.02	1.97	1.89	2.18	1.04	1.17	1.21
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	57	-8.36	-101	-40	-44	-1.61	5.71	29	-4.36	51
Operating Cash Flow to CapEx	228.20%	42.91%	-139.77%	71.53%	478.09%	309.38%	35.87%	399.54%	329.06%	591.58%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.51	0.57	0.61	0.61	0.57	0.59	0.65	0.69	0.67	0.72
Accounts Receivable Turnover	7.15	8.43	8.78	7.78	7.82	7.88	8.31	8.25	8.06	9.09
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	6.77	6.79	4.85	4.74	4.33	4.60	3.82	4.06	4.22
Accounts Payable Turnover	17.21	18.66	26.94	17.27	13.57	11.97	19.52	15.61	16.94	14.98
Days Sales Outstanding (DSO)	51.07	43.32	41.58	46.93	46.69	46.34	43.93	44.23	45.28	40.14
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	21.21	19.56	13.55	21.13	26.89	30.48	18.70	23.39	21.55	24.37
Cash Conversion Cycle (CCC)	29.86	23.75	28.03	25.80	19.80	15.85	25.23	20.84	23.73	15.76
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	519	568	583	587	559	562	570	552	563	510
Invested Capital Turnover	0.99	1.01	1.01	1.03	1.10	1.06	1.10	1.16	1.26	1.40
Increase / (Decrease) in Invested Capital	-58	1.11	13	34	40	-5.41	-13	-35	3.73	-52
Enterprise Value (EV)	626	877	680	645	567	636	751	700	704	666
Market Capitalization	301	581	387	350	288	371	480	456	478	468
Book Value per Share	$7.69	$10.75	$11.38	$11.42	$10.94	$11.60	$11.35	$11.38	$12.33	$11.36
Tangible Book Value per Share	($10.86)	($9.15)	($8.57)	($8.30)	($8.08)	($8.01)	($7.27)	($6.47)	($5.97)	($5.45)
Total Capital	832	753	706	709	698	716	717	628	643	594
Total Debt	637	481	417	418	418	419	419	321	306	281
Total Long-Term Debt	637	481	417	418	418	419	419	281	281	281
Net Debt	325	296	294	295	279	265	272	244	226	197
Capital Expenditures (CapEx)	11	25	4.55	4.31	4.81	6.23	6.87	6.12	6.22	6.17
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-13	-19	-8.55	-0.08	-13	-23	1.10	-12	-9.90	-36
Debt-free Net Working Capital (DFNWC)	300	166	115	122	126	130	148	65	70	47
Net Working Capital (NWC)	300	166	115	122	126	130	148	25	45	47
Net Nonoperating Expense (NNE)	-0.17	-41	-92	-1.37	0.83	3.91	1.94	-11	-1.04	-0.11
Net Nonoperating Obligations (NNO)	325	296	294	295	279	265	272	244	226	197
Total Depreciation and Amortization (D&A)	5.87	16	12	8.67	12	22	13	15	11	16
Debt-free, Cash-free Net Working Capital to Revenue	-2.31%	-3.36%	-1.47%	-0.01%	-2.25%	-3.90%	0.17%	-1.74%	-1.41%	-4.85%
Debt-free Net Working Capital to Revenue	55.31%	28.89%	19.83%	20.80%	21.22%	21.63%	23.38%	9.81%	9.95%	6.34%
Net Working Capital to Revenue	55.31%	28.89%	19.83%	20.80%	21.22%	21.63%	23.38%	3.76%	6.39%	6.34%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.03)	$1.32	$0.14	($0.15)	($0.20)	($0.43)	($0.35)	$0.15	$0.02	($0.06)
Adjusted Weighted Average Basic Shares Outstanding	25.30M	25.28M	25.45M	25.56M	25.61M	25.61M	26.49M	27.08M	27.37M	27.21M
Adjusted Diluted Earnings per Share	($0.03)	$0.07	($0.28)	($0.15)	($0.20)	($0.01)	($0.35)	($0.17)	$0.01	$0.27
Adjusted Weighted Average Diluted Shares Outstanding	25.30M	30.91M	29.27M	25.56M	25.61M	25.61M	26.49M	29.50M	28.62M	27.21M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	25.32M	25.44M	25.56M	25.59M	25.64M	26.27M	27.01M	27.30M	27.51M	28.62M
Normalized Net Operating Profit after Tax (NOPAT)	-0.97	-4.91	-8.23	-8.06	-4.30	-7.02	-7.29	-4.25	-0.63	-1.87
Normalized NOPAT Margin	-0.65%	-3.13%	-5.97%	-5.53%	-2.83%	-4.25%	-4.26%	-2.45%	-0.32%	-0.89%
Pre Tax Income Margin	-1.16%	20.60%	0.35%	-2.56%	-3.52%	-6.47%	-5.52%	2.15%	-0.17%	-1.39%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Frequently Asked Questions About Bandwidth's Financials

When does Bandwidth's financial year end?

According to the most recent income statement we have on file, Bandwidth's fiscal year ends in December. Their fiscal year 2024 ended on December 31, 2024.

How has Bandwidth's net income changed over the last 2 years?

Bandwidth's net income appears to be on an upward trend, with a most recent value of -$6.52 million in 2024, falling from $19.57 million in 2022. The previous period was -$16.34 million in 2023. Find out what analysts predict for Bandwidth in the coming months.

What is Bandwidth's operating income?

Bandwidth's total operating income in 2024 was -$20.06 million, based on the following breakdown:

Total Gross Profit: $279.96 million
Total Operating Expenses: $300.02 million

How has Bandwidth revenue changed over the last 2 years?

Over the last 2 years, Bandwidth's total revenue changed from $573.15 million in 2022 to $748.49 million in 2024, a change of 30.6%.

How much debt does Bandwidth have?

Bandwidth's total liabilities were at $676.63 million at the end of 2024, a 15.8% decrease from 2023, and a 3.0% increase since 2022.

How much cash does Bandwidth have?

In the past 2 years, Bandwidth's cash and equivalents has ranged from $81.81 million in 2024 to $131.99 million in 2023, and is currently $81.81 million as of their latest financial filing in 2024.

How has Bandwidth's book value per share changed over the last 2 years?

Over the last 2 years, Bandwidth's book value per share changed from 10.75 in 2022 to 11.36 in 2024, a change of 5.7%.

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This page (NASDAQ:BAND) was last updated on 5/5/2025 by MarketBeat.com Staff

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Bandwidth (BAND) Financials

Frequently Asked Questions About Bandwidth's Financials

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Bandwidth (BAND) Financials

Annual Income Statements for Bandwidth

Quarterly Income Statements for Bandwidth

Annual Cash Flow Statements for Bandwidth

Quarterly Cash Flow Statements for Bandwidth

Annual Balance Sheets for Bandwidth

Quarterly Balance Sheets for Bandwidth

Annual Metrics and Ratios for Bandwidth

Quarterly Metrics and Ratios for Bandwidth

Frequently Asked Questions About Bandwidth's Financials

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