Bandwidth Inc. Income Statement
BAND|9 years of annual SEC 10-K data (FY2017-FY2025)
Line items include revenue, cost of goods sold, gross profit, operating expenses, interest, taxes, and net income with per-share data across 9 fiscal years. All figures from audited SEC 10-K filings.
At a glance
Revenue
$754M
FY2025
Gross Profit
$295M
39.1% gross margin
Operating Income
-$14M
FY2025
Net Income
-$13M
FY2025
Bandwidth Inc. reported $754M in revenue and $13M in net loss for FY2025. Revenue has grown at a 21.1% compound annual rate over the past 8 years.
Based on SEC 10-K filings.
Key Data Points
- Altman Z-Score 0.91 (distress zone, below 1.23 threshold)
- Currently unprofitable: Net income is negative
- Cash-backed earnings: Operating cash flow exceeds net income
Data sourced from SEC EDGAR filings. Not investment advice.
| Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 | FY2017 |
|---|---|---|---|---|---|---|---|---|---|
| Revenue | $753.8M | $748.5M | $601.1M | $573.2M | $490.9M | $343.1M | $232.6M | $204.1M | $163.0M |
| Cost of Revenue | $458.8M | $468.5M | $365.0M | $334.8M | $277.1M | $189.2M | $125.0M | $108.1M | $89.3M |
| Gross Profit | $295.1M | $280.0M | $236.2M | $238.4M | $213.8M | $153.9M | $107.6M | $96.0M | $73.7M |
| SG&A Expense | $75.2M | $71.7M | $65.4M | $68.0M | $64.2M | $51.6M | $58.8M | $47.6M | $37.1M |
| R&D Expense | $132.5M | $118.6M | $104.2M | $98.0M | $69.5M | $54.6M | $31.5M | $20.9M | $10.8M |
| Operating Income | -$14.4M | -$20.1M | -$35.5M | -$24.3M | -$2.2M | -$13.5M | -$17.7M | $6.8M | $14.6M |
| Interest Expense | $2.4M | $3.0M | $3.7M | $5.2M | $28.7M | $16.4M | - | - | - |
| Income Tax | -$3.7M | -$2.4M | -$3.0M | -$2.3M | -$3.8M | $15.0M | -$17.7M | -$10.9M | $6.9M |
| Net Income | -$12.9M | -$6.5M | -$16.3M | $19.6M | -$27.4M | -$44.0M | $2.5M | $17.9M | $6.0M |
| EPS (Basic) | -$0.64 | $0.77 | -$1.09 | -$1.83 | $0.11 | $0.96 | $0.42 | $1.66 | -$0.50 |
| EPS (Diluted) | -$0.64 | -$0.48 | -$1.09 | -$1.83 | $0.10 | $0.85 | $0.37 | $1.51 | -$0.47 |
| Shares Outstanding | 25.6M | 30.9M | 25.1M | 24.1M | 23.9M | 21.1M | 14.5M | 12.9M | 12.5M |
| Gross Margin | 39.1% | 37.4% | 39.3% | 41.6% | 43.5% | 44.9% | 46.3% | 47.0% | 45.2% |
| Operating Margin | -1.9% | -2.7% | -5.9% | -4.2% | -0.5% | -3.9% | -7.6% | 3.3% | 9.0% |
| Profit Margin | -1.7% | -0.9% | -2.7% | 3.4% | -5.6% | -12.8% | 1.1% | 8.8% | 3.7% |