11 years of revenue, profit, cash flow and balance-sheet history through FY2025, from SEC filings — with a computed, factual read of the trend. Updated Overview →
| FY | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| 2025 | $754M | -$13M | 39.1% | -1.9% | — | $248M | $103M |
| 2024 | $748M | -$7M | 37.4% | -2.7% | — | $281M | $82M |
| 2023 | $601M | -$16M | 39.3% | -5.9% | — | $419M | $132M |
| 2022 | $573M | $20M | 41.6% | -4.2% | — | $481M | $114M |
| 2021 | $491M | -$27M | 43.6% | -0.5% | — | $486M | $331M |
| 2020 | $343M | -$44M | 44.9% | -3.9% | -$8M | $282M | $72M |
| 2019 | $233M | $2M | 46.3% | -7.6% | -$23M | $0 | $184M |
| 2018 | $204M | $18M | 47.0% | 3.3% | $12M | — | $41M |
| 2017 | $163M | $6M | 45.2% | 9.0% | $10M | — | $38M |
| 2016 | — | $22M | — | — | $1M | — | $7M |
| 2015 | — | -$7M | — | — | -$6M | — | $10M |
| Quarter | Revenue | Net income | Gross M | Op M | FCF | Total debt | Cash |
|---|---|---|---|---|---|---|---|
| Mar '26 | $209M | $4M | 37.3% | -2.2% | — | $149M | $47M |
| Dec '25 | $208M | -$3M | 37.6% | -1.9% | — | $248M | $103M |
| Sep '25 | $192M | -$1M | 38.5% | -1.0% | — | $247M | $73M |
| Jun '25 | $180M | -$5M | 39.8% | -2.1% | — | $247M | $60M |
| Mar '25 | $174M | -$4M | 41.0% | -2.7% | — | $247M | $36M |
| Dec '24 | $210M | -$2M | 36.4% | -1.3% | — | $281M | $82M |
| Sep '24 | $194M | $413000 | 37.7% | -0.5% | — | $281M | $75M |
| Jun '24 | $174M | $4M | 37.3% | -3.5% | — | $281M | $62M |
| Mar '24 | $171M | -$9M | 38.3% | -6.1% | — | $419M | $105M |
| Dec '23 | $165M | -$11M | 37.5% | -6.1% | — | $419M | $132M |
| Sep '23 | $152M | -$5M | 39.1% | -4.0% | — | $418M | $107M |
| Jun '23 | $146M | -$4M | 40.4% | -5.2% | — | $418M | $92M |
| Mar '23 | $138M | $4M | 40.4% | -8.5% | — | $417M | $85M |
| Dec '22 | $157M | $33M | 40.8% | -4.5% | — | $481M | $114M |
| Sep '22 | $148M | -$802000 | 42.8% | -0.9% | — | $637M | $166M |
| Jun '22 | $136M | -$6M | 40.6% | -6.6% | — | $636M | $165M |
| Mar '22 | $131M | -$7M | 42.2% | -5.2% | — | $636M | $316M |
| Dec '21 | $126M | -$8M | 41.3% | -3.2% | — | $486M | $331M |
| Sep '21 | $131M | -$7M | 43.7% | 0.7% | — | $479M | $322M |
| Jun '21 | $121M | -$7M | 44.3% | 0.8% | — | $472M | $310M |
How the market has priced BAND against its own fundamentals since 2023-03 — each month-end's share price set against the most recent annual filing, so the multiple moves as price runs ahead of (or behind) earnings. Split-adjusted.
Over the past 5 years, Bandwidth Inc.'s revenue has grown 17.0% per year. These are computed facts, not advice.
As of FY2025, Bandwidth Inc. reported $248M of total debt against $103M of cash.
In FY2025, gross margin was 39.1%, operating margin -1.9%, and net margin -1.7%.
As of Jun '26, Bandwidth Inc. traded at a price-to-earnings ratio of about 23.4× (market cap ÷ latest annual net income). The valuation charts above show how its P/E, P/S have moved with the share price. These are computed facts, not advice.
All figures are extracted from the company’s SEC EDGAR/XBRL filings — 10-K annual reports and 10-Q quarterly reports (use the Annual / Quarterly toggle). Quarterly figures are derived from the as-filed statements (year-to-date amounts are differenced into discrete quarters). Growth rates and ratios are computed by tradmap; nothing here is investment advice.
Source: SEC EDGAR / XBRL (10-K + 10-Q filings) · prices EOD (Databento), corporate-action-adjusted · growth rates, valuation multiples & ratios computed by tradmap. Valuation uses each month-end price against the latest annual filing. Informational only — not investment advice.