Bandwidth (BAND) Financials

$14.06 -0.35 (-2.43%)

Closing price 04:00 PM Eastern

Extended Trading

$14.01 -0.05 (-0.36%)

As of 04:09 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	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Net Income / (Loss) Attributable to Common Shareholders	-6.52	-16	20
Consolidated Net Income / (Loss)	-6.52	-16	20
Net Income / (Loss) Continuing Operations	-6.52	-16	20
Total Pre-Tax Income	-8.95	-19	17
Total Operating Income	-20	-35	-24
Total Gross Profit	280	236	238
Total Revenue	748	601	573
Operating Revenue	748	601	573
Total Cost of Revenue	469	365	335
Operating Cost of Revenue	469	365	335
Total Operating Expenses	300	268	263
Selling, General & Admin Expense	72	65	68
Marketing Expense	110	102	97
Research & Development Expense	119	104	98
Other Special Charges / (Income)	0.00	-4.00	0.00
Total Other Income / (Expense), net	11	12	42
Interest Expense	-10	-13	-40
Interest & Investment Income	-1.86	-0.81	-3.05
Other Income / (Expense), net	2.70	0.20	4.47
Income Tax Expense	-2.43	-2.96	-2.26
Basic Earnings per Share	($0.24)	($0.64)	$0.77
Weighted Average Basic Shares Outstanding	27.21M	25.61M	25.28M
Diluted Earnings per Share	($0.24)	($0.64)	($0.48)
Weighted Average Diluted Shares Outstanding	27.21M	25.61M	30.91M
Weighted Average Basic & Diluted Shares Outstanding	28.62M	26.27M	25.44M
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	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	-1.76	0.41	4.06	-9.23	-11	-5.13	-3.89	3.61	33	-0.80
Consolidated Net Income / (Loss)	-1.76	0.41	4.06	-9.23	-11	-5.13	-3.89	3.61	33	-0.80
Net Income / (Loss) Continuing Operations	-1.76	0.41	4.06	-9.23	-11	-5.13	-3.89	3.61	33	-0.80
Total Pre-Tax Income	-2.92	-0.32	3.72	-9.43	-11	-5.35	-3.74	0.48	32	-1.73
Total Operating Income	-2.67	-0.90	-6.07	-10	-10	-6.15	-7.52	-12	-7.02	-1.39
Total Gross Profit	77	73	65	65	62	59	59	56	64	63
Total Revenue	210	194	174	171	165	152	146	138	157	148
Operating Revenue	210	194	174	171	165	152	146	138	157	148
Total Cost of Revenue	133	121	109	106	103	93	87	82	93	85
Operating Cost of Revenue	133	121	109	106	103	93	87	82	93	85
Total Operating Expenses	79	74	71	76	72	66	62	67	71	65
Selling, General & Admin Expense	20	18	17	18	17	16	16	17	18	17
Marketing Expense	28	26	26	29	26	25	26	25	27	23
Research & Development Expense	31	30	28	29	29	25	25	26	26	25
Total Other Income / (Expense), net	-0.25	0.58	9.80	0.98	-0.67	0.80	-0.22	12	39	-0.34
Other Income / (Expense), net	1.61	0.58	-0.47	0.98	0.14	0.80	-0.22	-0.53	2.19	-0.34
Income Tax Expense	-1.16	-0.73	-0.33	-0.20	0.23	-0.22	0.15	-3.13	-1.10	-0.92
Basic Earnings per Share	($0.06)	$0.02	$0.15	($0.35)	($0.43)	($0.20)	($0.15)	$0.14	$1.32	($0.03)
Weighted Average Basic Shares Outstanding	27.21M	27.37M	27.08M	26.49M	25.61M	25.61M	25.56M	25.45M	25.28M	25.30M
Diluted Earnings per Share	$0.27	$0.01	($0.17)	($0.35)	($0.01)	($0.20)	($0.15)	($0.28)	$0.07	($0.03)
Weighted Average Diluted Shares Outstanding	27.21M	28.62M	29.50M	26.49M	25.61M	25.61M	25.56M	29.27M	30.91M	25.30M
Weighted Average Basic & Diluted Shares Outstanding	28.62M	27.51M	27.30M	27.01M	26.27M	25.64M	25.59M	25.56M	25.44M	25.32M

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

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

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

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

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

Metric	2024	2023	2022
Period end date	12/31/2024	12/31/2023	12/31/2022
Growth Metrics	-	-	-
Revenue Growth	24.52%	4.88%	16.75%
EBITDA Growth	103.26%	-29.10%	-57.68%
EBIT Growth	50.77%	-77.63%	-723.35%
NOPAT Growth	43.43%	9.77%	-1,656.57%
Net Income Growth	60.08%	-183.51%	171.52%
EPS Growth	62.50%	-33.33%	55.96%
Operating Cash Flow Growth	115.08%	11.73%	-14.45%
Free Cash Flow Firm Growth	297.68%	32.16%	-227.90%
Invested Capital Growth	-9.32%	-0.95%	0.20%
Revenue Q/Q Growth	6.33%	1.42%	5.69%
EBITDA Q/Q Growth	49.75%	66.98%	-39.84%
EBIT Q/Q Growth	33.72%	-16.78%	-1,426.05%
NOPAT Q/Q Growth	26.85%	35.22%	-83.80%
Net Income Q/Q Growth	58.44%	-158.32%	188.80%
EPS Q/Q Growth	53.85%	-14.29%	44.83%
Operating Cash Flow Q/Q Growth	25.89%	28.72%	-15.80%
Free Cash Flow Firm Q/Q Growth	267.37%	75.07%	-166.40%
Invested Capital Q/Q Growth	-9.35%	0.63%	9.33%
Profitability Metrics	-	-	-
Gross Margin	37.40%	39.29%	41.59%
EBITDA Margin	4.97%	3.04%	4.50%
Operating Margin	-2.68%	-5.90%	-4.24%
EBIT Margin	-2.32%	-5.87%	-3.46%
Profit (Net Income) Margin	-0.87%	-2.72%	3.41%
Tax Burden Percent	72.87%	84.67%	113.08%
Interest Burden Percent	51.58%	54.74%	-87.18%
Effective Tax Rate	0.00%	0.00%	-13.08%
Return on Invested Capital (ROIC)	-2.62%	-4.39%	-4.85%
ROIC Less NNEP Spread (ROIC-NNEP)	0.63%	-1.37%	16.08%
Return on Net Nonoperating Assets (RNNOA)	0.48%	-1.35%	10.56%
Return on Equity (ROE)	-2.14%	-5.74%	5.72%
Cash Return on Invested Capital (CROIC)	7.16%	-3.43%	-5.04%
Operating Return on Assets (OROA)	-1.66%	-3.47%	-1.99%
Return on Assets (ROA)	-0.62%	-1.61%	1.96%
Return on Common Equity (ROCE)	-2.14%	-5.74%	5.72%
Return on Equity Simple (ROE_SIMPLE)	-2.09%	-5.50%	7.19%
Net Operating Profit after Tax (NOPAT)	-14	-25	-28
NOPAT Margin	-1.88%	-4.13%	-4.80%
Net Nonoperating Expense Percent (NNEP)	-3.25%	-3.02%	-20.93%
Return On Investment Capital (ROIC_SIMPLE)	-2.36%	-3.47%	-3.65%
Cost of Revenue to Revenue	62.60%	60.71%	58.41%
SG&A Expenses to Revenue	9.58%	10.87%	11.87%
R&D to Revenue	15.85%	17.33%	17.10%
Operating Expenses to Revenue	40.08%	44.52%	45.83%
Earnings before Interest and Taxes (EBIT)	-17	-35	-20
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	37	18	26
Valuation Ratios	-	-	-
Price to Book Value (P/BV)	1.50	1.25	2.14
Price to Tangible Book Value (P/TBV)	0.00	0.00	0.00
Price to Revenue (P/Rev)	0.63	0.62	1.01
Price to Earnings (P/E)	0.00	0.00	29.70
Dividend Yield	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	3.37%
Enterprise Value to Invested Capital (EV/IC)	1.31	1.13	1.54
Enterprise Value to Revenue (EV/Rev)	0.89	1.06	1.53
Enterprise Value to EBITDA (EV/EBITDA)	17.90	34.76	33.98
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)	7.94	16.31	25.12
Enterprise Value to Free Cash Flow (EV/FCFF)	17.35	0.00	0.00
Leverage & Solvency	-	-	-
Debt to Equity	0.90	1.41	1.77
Long-Term Debt to Equity	0.90	1.41	1.77
Financial Leverage	0.76	0.98	0.66
Leverage Ratio	3.43	3.56	2.91
Compound Leverage Factor	1.77	1.95	-2.54
Debt to Total Capital	47.37%	58.46%	63.84%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	47.37%	58.46%	63.84%
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	52.63%	41.54%	36.16%
Debt to EBITDA	7.56	22.87	18.62
Net Debt to EBITDA	5.31	14.49	11.46
Long-Term Debt to EBITDA	7.56	22.87	18.62
Debt to NOPAT	-20.03	-16.86	-17.47
Net Debt to NOPAT	-14.07	-10.68	-10.75
Long-Term Debt to NOPAT	-20.03	-16.86	-17.47
Altman Z-Score	1.07	0.78	1.22
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-
Current Ratio	1.34	2.06	2.45
Quick Ratio	1.21	1.89	2.27
Cash Flow Metrics	-	-	-
Free Cash Flow to Firm (FCFF)	38	-19	-29
Operating Cash Flow to CapEx	330.51%	195.99%	76.86%
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	0.72	0.59	0.57
Accounts Receivable Turnover	9.09	7.88	8.43
Inventory Turnover	0.00	0.00	0.00
Fixed Asset Turnover	4.22	4.33	6.77
Accounts Payable Turnover	14.98	11.97	18.66
Days Sales Outstanding (DSO)	40.14	46.34	43.32
Days Inventory Outstanding (DIO)	0.00	0.00	0.00
Days Payable Outstanding (DPO)	24.37	30.48	19.56
Cash Conversion Cycle (CCC)	15.76	15.85	23.75
Capital & Investment Metrics	-	-	-
Invested Capital	510	562	568
Invested Capital Turnover	1.40	1.06	1.01
Increase / (Decrease) in Invested Capital	-52	-5.41	1.11
Enterprise Value (EV)	666	636	877
Market Capitalization	468	371	581
Book Value per Share	$11.36	$11.60	$10.75
Tangible Book Value per Share	($5.45)	($8.01)	($9.15)
Total Capital	594	716	753
Total Debt	281	419	481
Total Long-Term Debt	281	419	481
Net Debt	197	265	296
Capital Expenditures (CapEx)	25	20	45
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-36	-23	-19
Debt-free Net Working Capital (DFNWC)	47	130	166
Net Working Capital (NWC)	47	130	166
Net Nonoperating Expense (NNE)	-7.52	-8.48	-47
Net Nonoperating Obligations (NNO)	197	265	296
Total Depreciation and Amortization (D&A)	55	54	46
Debt-free, Cash-free Net Working Capital to Revenue	-4.85%	-3.90%	-3.36%
Debt-free Net Working Capital to Revenue	6.34%	21.63%	28.89%
Net Working Capital to Revenue	6.34%	21.63%	28.89%
Earnings Adjustments	-	-	-
Adjusted Basic Earnings per Share	($0.24)	($0.64)	$0.77
Adjusted Weighted Average Basic Shares Outstanding	27.21M	25.61M	25.28M
Adjusted Diluted Earnings per Share	($0.24)	($0.64)	($0.48)
Adjusted Weighted Average Diluted Shares Outstanding	27.21M	25.61M	30.91M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	28.62M	26.27M	25.44M
Normalized Net Operating Profit after Tax (NOPAT)	-14	-28	-17
Normalized NOPAT Margin	-1.88%	-4.59%	-2.97%
Pre Tax Income Margin	-1.20%	-3.21%	3.02%
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	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	26.96%	27.54%	19.01%	24.08%	5.36%	2.49%	6.88%	4.93%	24.45%	13.54%
EBITDA Growth	25.31%	70.01%	778.05%	550.64%	3.12%	48.70%	-86.16%	-123.61%	-59.52%	-70.48%
EBIT Growth	89.26%	94.00%	15.43%	23.21%	-104.97%	-210.09%	-16.08%	-85.14%	-129.21%	73.98%
NOPAT Growth	73.38%	85.39%	-25.66%	91.70%	3.20%	-343.19%	16.92%	-1,727.62%	-154.57%	-247.87%
Net Income Growth	83.91%	108.05%	204.24%	-355.69%	-132.70%	-539.65%	37.74%	152.99%	509.03%	88.45%
EPS Growth	2,800.00%	105.00%	-13.33%	-25.00%	-114.29%	-566.67%	40.00%	-3.70%	121.88%	89.29%
Operating Cash Flow Growth	89.53%	-11.03%	691.83%	138.79%	82.36%	-4.23%	-56.03%	5.09%	-38.26%	61.80%
Free Cash Flow Firm Growth	3,230.46%	90.06%	172.26%	105.67%	80.69%	-176.80%	-201.30%	-1,400.85%	-139.65%	111.01%
Invested Capital Growth	-9.32%	0.67%	-6.00%	-2.23%	-0.95%	7.61%	6.21%	2.24%	0.20%	-10.05%
Revenue Q/Q Growth	8.30%	11.68%	1.50%	3.41%	8.80%	4.21%	5.83%	-12.19%	5.83%	8.67%
EBITDA Q/Q Growth	43.51%	27.62%	133.91%	31.66%	94.70%	559.10%	220.05%	-116.75%	180.75%	-38.66%
EBIT Q/Q Growth	-230.84%	95.09%	30.64%	4.64%	-84.93%	30.86%	37.02%	-154.54%	-179.77%	74.12%
NOPAT Q/Q Growth	-197.44%	90.50%	9.29%	-3.80%	-63.25%	18.25%	94.01%	-1,111.21%	-647.39%	84.67%
Net Income Q/Q Growth	-525.91%	-89.82%	143.92%	15.56%	-113.14%	-31.88%	-207.73%	-89.20%	4,268.83%	87.16%
EPS Q/Q Growth	2,600.00%	105.88%	51.43%	-3,400.00%	95.00%	-33.33%	46.43%	-500.00%	333.33%	88.00%
Operating Cash Flow Q/Q Growth	78.45%	-16.25%	891.32%	-87.21%	-16.23%	645.33%	148.57%	-160.14%	-56.00%	242.16%
Free Cash Flow Firm Q/Q Growth	1,259.84%	-115.23%	401.05%	453.66%	96.32%	-10.73%	60.66%	-1,103.71%	-114.65%	46.04%
Invested Capital Q/Q Growth	-9.35%	1.99%	-3.21%	1.34%	0.63%	-4.77%	0.67%	2.66%	9.33%	-6.01%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	36.44%	37.72%	37.34%	38.29%	37.52%	39.14%	40.42%	40.37%	40.82%	42.79%
EBITDA Margin	7.15%	5.40%	4.72%	2.05%	7.25%	4.05%	0.64%	-0.56%	7.40%	2.79%
Operating Margin	-1.27%	-0.46%	-3.50%	-6.09%	-6.07%	-4.04%	-5.15%	-8.53%	-4.47%	-0.94%
EBIT Margin	-0.51%	-0.17%	-3.77%	-5.52%	-5.98%	-3.52%	-5.30%	-8.91%	-3.07%	-1.16%
Profit (Net Income) Margin	-0.84%	0.21%	2.34%	-5.40%	-6.61%	-3.37%	-2.67%	2.62%	21.30%	-0.54%
Tax Burden Percent	60.18%	-128.66%	108.89%	97.88%	102.19%	95.91%	104.09%	747.62%	103.41%	46.49%
Interest Burden Percent	275.24%	100.00%	-56.92%	100.00%	108.17%	100.00%	48.30%	-3.93%	-669.93%	100.00%
Effective Tax Rate	0.00%	0.00%	-8.89%	0.00%	0.00%	0.00%	0.00%	-647.62%	-3.41%	0.00%
Return on Invested Capital (ROIC)	-1.24%	-0.41%	-4.43%	-4.69%	-4.52%	-3.11%	-3.73%	-64.10%	-4.67%	-0.65%
ROIC Less NNEP Spread (ROIC-NNEP)	-1.20%	0.01%	-0.47%	-5.38%	-5.91%	-3.39%	-3.29%	-34.21%	13.42%	-0.58%
Return on Net Nonoperating Assets (RNNOA)	-0.91%	0.00%	-0.43%	-5.17%	-5.82%	-4.31%	-4.04%	-38.72%	8.82%	-0.44%
Return on Equity (ROE)	-2.15%	-0.40%	-4.86%	-9.86%	-10.34%	-7.42%	-7.77%	-102.82%	4.15%	-1.08%
Cash Return on Invested Capital (CROIC)	7.16%	-4.09%	2.17%	-1.89%	-3.43%	-14.44%	-11.77%	-8.43%	-5.04%	7.86%
Operating Return on Assets (OROA)	-0.36%	-0.11%	-2.60%	-3.59%	-3.54%	-2.01%	-3.22%	-5.39%	-1.77%	-0.60%
Return on Assets (ROA)	-0.60%	0.14%	1.61%	-3.52%	-3.91%	-1.92%	-1.62%	1.59%	12.24%	-0.28%
Return on Common Equity (ROCE)	-2.15%	-0.40%	-4.86%	-9.86%	-10.34%	-7.42%	-7.77%	-102.82%	4.15%	-1.08%
Return on Equity Simple (ROE_SIMPLE)	0.00%	-4.66%	-6.91%	-9.79%	0.00%	10.01%	11.08%	10.36%	0.00%	-11.33%
Net Operating Profit after Tax (NOPAT)	-1.87	-0.63	-6.61	-7.29	-7.02	-4.30	-5.26	-88	-7.26	-0.97
NOPAT Margin	-0.89%	-0.32%	-3.81%	-4.26%	-4.25%	-2.83%	-3.61%	-63.76%	-4.62%	-0.65%
Net Nonoperating Expense Percent (NNEP)	-0.05%	-0.41%	-3.96%	0.69%	1.39%	0.27%	-0.44%	-29.89%	-18.09%	-0.07%
Return On Investment Capital (ROIC_SIMPLE)	-0.31%	-	-	-	-0.98%	-	-	-	-0.96%	-
Cost of Revenue to Revenue	63.56%	62.28%	62.66%	61.71%	62.48%	60.86%	59.59%	59.63%	59.18%	57.21%
SG&A Expenses to Revenue	9.32%	9.07%	9.62%	10.44%	10.24%	10.42%	10.88%	12.13%	11.36%	11.21%
R&D to Revenue	14.96%	15.56%	16.20%	16.90%	17.46%	16.31%	17.04%	18.62%	16.73%	16.88%
Operating Expenses to Revenue	37.71%	38.18%	40.84%	44.38%	43.59%	43.18%	42.83%	48.90%	45.29%	43.72%
Earnings before Interest and Taxes (EBIT)	-1.06	-0.32	-6.54	-9.43	-9.89	-5.35	-7.74	-12	-4.83	-1.73
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	15	10	8.20	3.51	12	6.16	0.93	-0.78	12	4.14
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.50	1.42	1.48	1.61	1.25	1.03	1.20	1.34	2.14	1.55
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)	0.63	0.68	0.69	0.76	0.62	0.49	0.59	0.67	1.01	0.56
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	10.29	10.81	12.89	29.70	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%	0.00%	0.00%	0.00%	0.00%	9.72%	9.25%	7.76%	3.37%	0.00%
Enterprise Value to Invested Capital (EV/IC)	1.31	1.25	1.27	1.32	1.13	1.02	1.10	1.17	1.54	1.21
Enterprise Value to Revenue (EV/Rev)	0.89	1.00	1.06	1.18	1.06	0.96	1.09	1.17	1.53	1.15
Enterprise Value to EBITDA (EV/EBITDA)	17.90	28.35	34.11	56.68	34.76	51.78	72.10	46.10	33.98	14.59
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	418.10
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)	7.94	10.57	10.12	15.71	16.31	18.73	20.59	19.30	25.12	15.10
Enterprise Value to Free Cash Flow (EV/FCFF)	17.35	0.00	56.68	0.00	0.00	0.00	0.00	0.00	0.00	14.53
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.90	0.91	1.04	1.41	1.41	1.49	1.43	1.44	1.77	3.27
Long-Term Debt to Equity	0.90	0.83	0.91	1.41	1.41	1.49	1.43	1.44	1.77	3.27
Financial Leverage	0.76	0.82	0.90	0.96	0.98	1.27	1.23	1.13	0.66	0.76
Leverage Ratio	3.43	3.41	3.20	3.31	3.56	4.38	3.79	3.54	2.91	3.38
Compound Leverage Factor	9.43	3.41	-1.82	3.31	3.86	4.38	1.83	-0.14	-19.52	3.38
Debt to Total Capital	47.37%	47.62%	51.05%	58.42%	58.46%	59.89%	58.86%	59.04%	63.84%	76.61%
Short-Term Debt to Total Capital	0.00%	3.89%	6.37%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	47.37%	43.73%	44.68%	58.42%	58.46%	59.89%	58.86%	59.04%	63.84%	76.61%
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	52.63%	52.38%	48.95%	41.58%	41.54%	40.11%	41.14%	40.96%	36.16%	23.39%
Debt to EBITDA	7.56	12.32	15.62	31.60	22.87	38.15	46.70	28.26	18.62	14.86
Net Debt to EBITDA	5.31	9.10	11.90	20.50	14.49	25.45	32.99	19.89	11.46	7.57
Long-Term Debt to EBITDA	7.56	11.31	13.67	31.60	22.87	38.15	46.70	28.26	18.62	14.86
Debt to NOPAT	-20.03	-15.94	-14.02	-17.55	-16.86	-10.91	-12.75	-11.63	-17.47	-42.58
Net Debt to NOPAT	-14.07	-11.78	-10.68	-11.38	-10.68	-7.28	-9.01	-8.18	-10.75	-21.70
Long-Term Debt to NOPAT	-20.03	-14.64	-12.27	-17.55	-16.86	-10.91	-12.75	-11.63	-17.47	-42.58
Altman Z-Score	1.12	1.05	0.96	0.99	0.85	0.83	1.04	1.12	1.27	1.00
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	1.34	1.29	1.16	2.36	2.06	2.16	2.25	2.21	2.45	3.56
Quick Ratio	1.21	1.17	1.04	2.18	1.89	1.97	2.02	1.97	2.27	3.31
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	51	-4.36	29	5.71	-1.61	-44	-40	-101	-8.36	57
Operating Cash Flow to CapEx	591.58%	329.06%	399.54%	35.87%	309.38%	478.09%	71.53%	-139.77%	42.91%	228.20%
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	0.72	0.67	0.69	0.65	0.59	0.57	0.61	0.61	0.57	0.51
Accounts Receivable Turnover	9.09	8.06	8.25	8.31	7.88	7.82	7.78	8.78	8.43	7.15
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	4.22	4.06	3.82	4.60	4.33	4.74	4.85	6.79	6.77	0.00
Accounts Payable Turnover	14.98	16.94	15.61	19.52	11.97	13.57	17.27	26.94	18.66	17.21
Days Sales Outstanding (DSO)	40.14	45.28	44.23	43.93	46.34	46.69	46.93	41.58	43.32	51.07
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)	24.37	21.55	23.39	18.70	30.48	26.89	21.13	13.55	19.56	21.21
Cash Conversion Cycle (CCC)	15.76	23.73	20.84	25.23	15.85	19.80	25.80	28.03	23.75	29.86
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	510	563	552	570	562	559	587	583	568	519
Invested Capital Turnover	1.40	1.26	1.16	1.10	1.06	1.10	1.03	1.01	1.01	0.99
Increase / (Decrease) in Invested Capital	-52	3.73	-35	-13	-5.41	40	34	13	1.11	-58
Enterprise Value (EV)	666	704	700	751	636	567	645	680	877	626
Market Capitalization	468	478	456	480	371	288	350	387	581	301
Book Value per Share	$11.36	$12.33	$11.38	$11.35	$11.60	$10.94	$11.42	$11.38	$10.75	$7.69
Tangible Book Value per Share	($5.45)	($5.97)	($6.47)	($7.27)	($8.01)	($8.08)	($8.30)	($8.57)	($9.15)	($10.86)
Total Capital	594	643	628	717	716	698	709	706	753	832
Total Debt	281	306	321	419	419	418	418	417	481	637
Total Long-Term Debt	281	281	281	419	419	418	418	417	481	637
Net Debt	197	226	244	272	265	279	295	294	296	325
Capital Expenditures (CapEx)	6.17	6.22	6.12	6.87	6.23	4.81	4.31	4.55	25	11
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-36	-9.90	-12	1.10	-23	-13	-0.08	-8.55	-19	-13
Debt-free Net Working Capital (DFNWC)	47	70	65	148	130	126	122	115	166	300
Net Working Capital (NWC)	47	45	25	148	130	126	122	115	166	300
Net Nonoperating Expense (NNE)	-0.11	-1.04	-11	1.94	3.91	0.83	-1.37	-92	-41	-0.17
Net Nonoperating Obligations (NNO)	197	226	244	272	265	279	295	294	296	325
Total Depreciation and Amortization (D&A)	16	11	15	13	22	12	8.67	12	16	5.87
Debt-free, Cash-free Net Working Capital to Revenue	-4.85%	-1.41%	-1.74%	0.17%	-3.90%	-2.25%	-0.01%	-1.47%	-3.36%	-2.31%
Debt-free Net Working Capital to Revenue	6.34%	9.95%	9.81%	23.38%	21.63%	21.22%	20.80%	19.83%	28.89%	55.31%
Net Working Capital to Revenue	6.34%	6.39%	3.76%	23.38%	21.63%	21.22%	20.80%	19.83%	28.89%	55.31%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.06)	$0.02	$0.15	($0.35)	($0.43)	($0.20)	($0.15)	$0.14	$1.32	($0.03)
Adjusted Weighted Average Basic Shares Outstanding	27.21M	27.37M	27.08M	26.49M	25.61M	25.61M	25.56M	25.45M	25.28M	25.30M
Adjusted Diluted Earnings per Share	$0.27	$0.01	($0.17)	($0.35)	($0.01)	($0.20)	($0.15)	($0.28)	$0.07	($0.03)
Adjusted Weighted Average Diluted Shares Outstanding	27.21M	28.62M	29.50M	26.49M	25.61M	25.61M	25.56M	29.27M	30.91M	25.30M
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	28.62M	27.51M	27.30M	27.01M	26.27M	25.64M	25.59M	25.56M	25.44M	25.32M
Normalized Net Operating Profit after Tax (NOPAT)	-1.87	-0.63	-4.25	-7.29	-7.02	-4.30	-8.06	-8.23	-4.91	-0.97
Normalized NOPAT Margin	-0.89%	-0.32%	-2.45%	-4.26%	-4.25%	-2.83%	-5.53%	-5.97%	-3.13%	-0.65%
Pre Tax Income Margin	-1.39%	-0.17%	2.15%	-5.52%	-6.47%	-3.52%	-2.56%	0.35%	20.60%	-1.16%
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. View Bandwidth's forecast to see where analysts expect Bandwidth to go next.

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%.

Related Companies

This page (NASDAQ:BAND) was last updated on 5/30/2025 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Bandwidth (BAND) Financials

Frequently Asked Questions About Bandwidth's Financials

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

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

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools