BAND
$43.34-12.62%
BAND financial statements
The full income statement, balance sheet, and cash-flow statement for Bandwidth Inc. (BAND), plus valuation ratios — straight from SEC filings. Switch between annual, quarterly, and trailing-twelve-month figures, pick how far back to look, and flip the time order. Every line has a trend sparkline.
Shares outstanding (point-in-time)
2024-06 29.5M2024-09 28.6M2024-12 27.9M2025-03 29.0M2025-06 29.9M2025-09 30.3M2025-12 30.8M2026-03 32.2M2026-06 32.2M+9.1% over 8 periods
SEC-filed end-of-period counts (cover pages and balance sheets, split-adjusted) — the series realized buyback yield is computed from. The weighted-average share lines in the statements below lag these by design: an average over the year sits near the midpoint of an ongoing buyback.
As-reported fiscal years.
| Line item | Trend | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 |
|---|---|---|---|---|---|---|
| Income Statement | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Revenue | 754M+0.7% | 748M+24.5% | 601M+4.9% | 573M+16.8% | 491M+43.1% | |
| 295M+5.4% | 280M+18.5% | 236M-0.9% | 238M+11.5% | 214M+38.9% | ||
| Cost of revenue | 459M-2.1% | 469M+28.4% | 365M+9.0% | 335M+20.8% | 277M+46.5% | |
| 309M+3.1% | 300M+10.5% | 272M+3.4% | 263M+21.6% | 216M+29.1% | ||
| Research & development | 133M+11.7% | 119M+13.9% | 104M+6.3% | 98.0M+41.0% | 69.5M+27.4% | |
| Selling, general & administrative | 75.2M+4.9% | 71.7M+9.7% | 65.4M-3.9% | 68.0M+5.9% | 64.2M+24.3% | |
| General & administrative | 75.2M+4.9% | 71.7M+9.7% | 65.4M-3.9% | 68.0M+5.9% | 64.2M+24.3% | |
| Selling & marketing | 102M-7.3% | 110M+7.5% | 102M+5.6% | 96.7M+17.4% | 82.3M+34.5% | |
| Amortization of intangibles | 18.1M+3.4% | 17.5M+1.3% | 17.3M+0.5% | 17.2M-10.1% | 19.1M+421.5% | |
| Provision for credit losses | 1.29M-56.8% | 2.98M+307.1% | 733K+35.0% | 543K-40.5% | 913K-30.9% | |
| Operating income | -14.4M+28.4% | -20.1M+43.4% | -35.5M-45.8% | -24.3M-987.3% | -2.24M+83.4% | |
| Interest expense | 2.42M-18.8% | 2.98M-19.8% | 3.72M-28.8% | 5.22M-81.8% | 28.7M+74.7% | |
| Interest & investment income | 300K-70.0% | 1.00M-50.0% | 2.00M+66.7% | 1.20M | 0.00 | |
| Other non-operating income | -1.28M-147.3% | 2.70M+1284.6% | 195K-95.6% | 4.47M+2670.7% | -174K+90.3% | |
| Gain (loss) on equity securities | 24.0K+139.3% | -61.0K+75.4% | -248K-179.0% | 314K | 0.00 | |
| Income tax | -3.68M-51.5% | -2.43M+17.9% | -2.96M-30.7% | -2.26M+40.9% | -3.83M-125.5% | |
| -12.9M-97.9% | -6.52M+60.1% | -16.3M-183.5% | 19.6M+171.5% | -27.4M+37.8% | ||
| Net income to common | -12.9M-97.9% | -6.52M+60.1% | -16.3M-183.5% | 19.6M+171.5% | -27.4M+37.8% | |
| -$0.43-79.2% | -$0.24+62.5% | -$0.64-33.3% | -$0.48+56.0% | -$1.09+40.4% | ||
| EPS (basic) | -$0.43-79.2% | -$0.24+62.5% | -$0.64-183.1% | $0.77+170.6% | -$1.09+40.4% | |
| Weighted-avg shares (basic) | 30.0M+10.2% | 27.2M+6.2% | 25.6M+1.3% | 25.3M+0.8% | 25.1M+4.1% | |
| Weighted-avg shares (diluted) | 30.0M+10.2% | 27.2M+6.2% | 25.6M-17.1% | 30.9M+23.2% | 25.1M+4.1% | |
| Dividends per share | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | |
| Balance Sheet | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 219M+16.6% | 188M-25.7% | 253M-9.6% | 280M-32.3% | 413M+113.3% | ||
| Cash & equivalents | 103M+25.6% | 81.8M-38.0% | 132M+16.1% | 114M-65.7% | 331M+359.3% | |
| Short-term investments | 8.48M+329.2% | 1.98M-90.8% | 21.5M-69.8% | 71.2M | 0.00 | |
| Accounts receivable | 91.4M+5.7% | 86.5M+10.6% | 78.2M+5.0% | 74.5M+20.9% | 61.6M+11.5% | |
| Prepaid expenses | 11.6M-16.5% | 13.8M-18.5% | 17.0M+1.7% | 16.7M+5.6% | 15.8M+9.0% | |
| 1.05B+6.4% | 989M-10.2% | 1.10B+18.5% | 929M-12.8% | 1.07B+19.6% | ||
| Operating lease right-of-use | 153M-0.4% | 154M-2.5% | 158M+1476.2% | 9.99M-28.9% | 14.1M-27.9% | |
| Goodwill | 357M+12.5% | 317M-5.5% | 336M+2.9% | 326M-5.2% | 344M-7.5% | |
| Intangible assets | 139M-4.5% | 145M-12.9% | 167M-5.9% | 177M-16.0% | 211M-14.9% | |
| Other non-current assets | 7.75M+95.0% | 3.98M-28.1% | 5.53M-82.3% | 31.3M+260.3% | 8.67M+339.1% | |
| 154M+9.8% | 140M+14.3% | 123M+7.7% | 114M+21.9% | 93.5M+1.4% | ||
| Accounts payable | 42.6M+50.2% | 28.4M-17.1% | 34.2M+27.9% | 26.8M+192.6% | 9.14M-21.6% | |
| Accrued liabilities | 91.2M-10.5% | 102M+47.5% | 69.0M+10.3% | 62.6M-5.1% | 65.9M+4.5% | |
| Deferred revenue | 8.74M+24.3% | 7.03M-12.8% | 8.06M+12.2% | 7.18M+14.9% | 6.25M-4.1% | |
| Current lease liability | 3.95M+26.9% | 3.11M-43.1% | 5.46M-26.7% | 7.45M+28.3% | 5.81M+5.3% | |
| Finance lease liability (current) | — | — | — | 143K-19.2% | 177K-3.3% | |
| 653M-3.5% | 677M-15.8% | 804M+22.3% | 657M+0.6% | 653M+41.7% | ||
| Long-term debt | 248M-12.0% | 281M-32.8% | 419M-12.9% | 481M-1.2% | 486M+72.4% | |
| Deferred revenue (non-current) | 4.97M-37.5% | 7.96M-5.4% | 8.41M+1.2% | 8.31M+8.8% | 7.63M+19.5% | |
| Non-current lease liability | 221M+0.8% | 219M-0.6% | 221M+4653.2% | 4.64M-57.7% | 11.0M-36.3% | |
| Operating lease liability (total) | 225M+1.2% | 222M-1.6% | 226M+1769.4% | 12.1M-27.9% | 16.8M-26.2% | |
| Finance lease liability (total) | — | — | — | 315K-16.9% | 379K-18.5% | |
| Finance lease liability | — | — | — | 172K-14.9% | 202K-28.4% | |
| Deferred tax liabilities | 24.5M-10.3% | 27.3M-17.3% | 33.0M-14.2% | 38.5M-20.5% | 48.4M-20.7% | |
| Other non-current liabilities | 555K-3.6% | 576K+49.2% | 386K-96.5% | 11.2M+85.7% | 6.02M+252.5% | |
| 400M+28.0% | 313M+5.1% | 297M+9.3% | 272M-34.0% | 413M-4.0% | ||
| Preferred stock | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock | — | — | — | 25.0K+0.0% | 25.0K+4.2% | |
| Additional paid-in capital | 486M+11.4% | 436M+11.5% | 391M+7.2% | 365M-27.4% | 502M+11.3% | |
| Retained earnings | -84.3M-18.1% | -71.4M-10.1% | -64.9M-33.7% | -48.5M+36.8% | -76.9M-55.3% | |
| Treasury stock | 0.00 | — | — | — | — | |
| Accumulated other comprehensive income | -1.57M+97.0% | -52.0M-80.6% | -28.8M+34.9% | -44.2M-239.1% | -13.0M-46769.8% | |
| Total liabilities & equity | 1.05B+6.4% | 989M-10.2% | 1.10B+18.5% | 929M-12.8% | 1.07B+19.6% | |
| Cash Flow | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| 89.5M+6.7% | 83.9M+115.1% | 39.0M+11.7% | 34.9M-14.5% | 40.8M+803.1% | ||
| Depreciation & amortization | 53.8M+9.2% | 49.2M+18.0% | 41.7M+17.2% | 35.6M-2.8% | 36.6M+118.1% | |
| Intangible amortization | 18.1M+3.4% | 17.5M+1.3% | 17.3M+0.5% | 17.2M-10.1% | 19.1M+421.5% | |
| Share-based compensation | 52.3M+8.2% | 48.4M+30.7% | 37.0M+79.1% | 20.7M+42.1% | 14.5M+47.1% | |
| Deferred income taxes | -5.10M+5.7% | -5.41M+24.3% | -7.14M-8.2% | -6.60M+20.7% | -8.32M-158.3% | |
| Change in receivables | 3.96M-54.7% | 8.72M+152.6% | 3.45M-74.1% | 13.3M+98.8% | 6.71M-64.4% | |
| Change in payables | 13.1M+381.7% | -4.64M-186.1% | 5.38M-68.7% | 17.2M+764.0% | 1.99M+532.4% | |
| -39.1M-2608.5% | -1.44M-104.7% | 30.8M+123.1% | -133M-4810.5% | 2.83M+100.6% | ||
| Capital expenditure | 22.3M+59.2% | 14.0M+51.1% | 9.26M-77.8% | 41.7M+135.6% | 17.7M+44.1% | |
| Free cash flow | 67.2M-3.8% | 69.9M+135.0% | 29.7M+540.3% | -6.75M-129.2% | 23.1M+398.1% | |
| Acquisitions | 0.00 | 0.00 | 0.00 | 0.00 | 0.00-100.0% | |
| Sales/maturities of investments | 9.70M-81.9% | 53.5M-41.7% | 91.8M+23.6% | 74.3M | 0.00 | |
| -29.1M+77.9% | -131M-148.7% | -52.8M+56.0% | -120M-158.0% | 207M-40.3% | ||
| Long-term debt issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Long-term debt repaid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock issued | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Common stock repurchased | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| Dividends paid | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | |
| FX effect on cash | -440K+64.5% | -1.24M-303.4% | 610K-30.8% | 881K+366.1% | 189K+73.4% | |
| Net change in cash | 20.9M+141.8% | -50.1M-383.1% | 17.7M+108.1% | -218M-186.8% | 251M+342.2% | |
| Interest paid | — | — | — | 18.0K-98.8% | 1.48M+154.9% | |
| Income taxes paid | -55.0K-101.4% | 3.81M-47.0% | 7.20M+83.2% | 3.93M+96.7% | 2.00M+340.3% | |
| Valuation Ratios | as ofDec 31 ’25 | as ofDec 31 ’24 | as ofDec 31 ’23 | as ofDec 31 ’22 | as ofDec 31 ’21 | |
| Market cap | 476M+0.3% | 475M+28.1% | 371M-36.2% | 581M-67.8% | 1.80B-52.4% | |
| P/E | — | — | 13.2× | — | — | |
| P/S | 0.6×-0.4% | 0.6×+1.4% | 0.6×-41.6% | 1.1×-70.9% | 3.7×-66.7% | |
| P/B | 1.2×-21.6% | 1.5×+14.7% | 1.3×-55.6% | 3.0×-31.7% | 4.4×-50.4% | |
| P/FCF | 7.1×+4.3% | 6.8×-96.3% | 183.5×+362.9% | 39.6×-49.2% | 78.0× | |
| Earnings yield | — | — | 7.6% | — | — | |
| FCF yield | 14.1%-4.1% | 14.7%+2602.0% | 0.55%-78.4% | 2.5%+96.9% | 1.3% | |
| Dividend yield | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | |
| Source filing | 10-K | 10-K | 10-K | 10-K | 10-K |
About this data
Source: BAND’s SEC filings (10-K / 10-Q). Annual columns are as-reported fiscal years; quarterly columns are as-reported fiscal quarters (Q4 derived as full-year minus the first three quarters where a company doesn’t file a standalone Q4); TTM (quarterly) rolls the trailing four quarters at every quarter end, TTM (yearly) samples that one year apart; balance-sheet rows show the period-end balance. Valuation ratios are sampled as of each period end. View all BAND filings on SEC EDGAR → Not investment advice.