Bandwidth Inc. (BAND) 10-Year Financial Performance & Capital Metrics

BAND • • Industrial / General

TechnologyInfrastructure SoftwareCommunications & Network InfrastructureCommunications Platforms

AboutBandwidth Inc. operates as a cloud-based software-powered communications platform-as-a-service (CPaaS) provider in the United States. The company operates in two segments, CPaaS and Other. Its platform enables enterprises to create, scale, and operate voice or messaging communications services across various mobile applications or connected devices. The company also provides SIP trunking, data resale, and hosted voice over Internet protocol services. It serves large enterprises, communications service providers, conferencing providers, contact centers, small and medium-sized businesses, emerging technology companies, and many other businesses. Bandwidth Inc. was founded in 2000 and is headquartered in Raleigh, North Carolina.Show more

Revenue $748M +24.5%
EBITDA $29M +87.3%
Net Income -$7M +60.1%
EPS (Diluted) -0.24 +62.5%
Gross Margin 37.4% -4.8%
EBITDA Margin 3.9% +50.4%
Operating Margin -2.68% +54.6%
Net Margin -0.87% +67.9%
ROE -2.14% +62.7%
ROIC -1.95% +46.5%
Debt/Equity 1.61 -25.7%
Interest Coverage -10.78 +75.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y sales CAGR of 26.3%
✓Trading at only 1.2x book value

✗Weaknesses

✗Trading more than 30% below 52-week high

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y26.33%

3Y15.1%

TTM7.42%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM25.66%

EPS CAGR

10Y-

5Y-

3Y-

TTM35.98%

ROCE

10Y Avg27.89%

5Y Avg-2.31%

3Y Avg-2.96%

Latest-2.2%

Peer Comparison

Communications Platforms

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ZENVZenvia Inc.	25.72M	0.89	-0.30	18.83%	-10.99%	-16.25%	100%	0.17
TCXTucows Inc.	272.16M	24.51	-2.45	6.76%	-25.02%
SANGSangoma Technologies Corporation	160.06M	4.83	-32.20	-4.28%	-3%	-2.76%	20.58%	0.22
BANDBandwidth Inc.	386.46M	13.53	-56.38	24.52%	-1.54%	-2.97%	18.09%	1.61
FIVNFive9, Inc.	1.49B	19.01	-111.82	14.44%	2.77%	4.03%	5.28%	1.98

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	137.8M	152.13M	162.96M	204.11M	232.59M	343.11M	490.91M	573.15M	601.12M	748.49M
Revenue Growth %	-	0.1%	0.07%	0.25%	0.14%	0.48%	0.43%	0.17%	0.05%	0.25%
Cost of Goods Sold+	79.24M	85.22M	89.26M	108.14M	124.96M	185.25M	272.38M	334.8M	364.96M	468.53M
COGS % of Revenue	0.58%	0.56%	0.55%	0.53%	0.54%	0.54%	0.55%	0.58%	0.61%	0.63%
Gross Profit+	58.56M	66.92M	73.69M	95.97M	107.64M	157.86M	218.52M	238.35M	236.16M	279.96M
Gross Margin %	0.42%	0.44%	0.45%	0.47%	0.46%	0.46%	0.45%	0.42%	0.39%	0.37%
Gross Profit Growth %	-	0.14%	0.1%	0.3%	0.12%	0.47%	0.38%	0.09%	-0.01%	0.19%
Operating Expenses+	50.6M	51.67M	59.08M	89.22M	125.33M	171.37M	220.76M	262.68M	271.61M	300.02M
OpEx % of Revenue	0.37%	0.34%	0.36%	0.44%	0.54%	0.5%	0.45%	0.46%	0.45%	0.4%
Selling, General & Admin	43.22M	43.15M	48.29M	68.32M	93.87M	129.31M	165.59M	164.69M	167.43M	181.39M
SG&A % of Revenue	0.31%	0.28%	0.3%	0.33%	0.4%	0.38%	0.34%	0.29%	0.28%	0.24%
Research & Development	7.38M	8.52M	10.79M	20.9M	31.46M	42.06M	55.17M	97.99M	104.19M	118.63M
R&D % of Revenue	0.05%	0.06%	0.07%	0.1%	0.14%	0.12%	0.11%	0.17%	0.17%	0.16%
Other Operating Expenses	0	0	0	301K	0	0	0	0	0	0
Operating Income+	7.96M	15.24M	14.62M	6.75M	-17.69M	-13.51M	-2.24M	-24.32M	-35.46M	-20.06M
Operating Margin %	0.06%	0.1%	0.09%	0.03%	-0.08%	-0.04%	-0%	-0.04%	-0.06%	-0.03%
Operating Income Growth %	-	0.91%	-0.04%	-0.54%	-3.62%	0.24%	0.83%	-9.87%	-0.46%	0.43%
EBITDA+	15.04M	21.39M	20.33M	12.58M	-3.89M	8.11M	40.13M	18.25M	15.58M	29.18M
EBITDA Margin %	0.11%	0.14%	0.12%	0.06%	-0.02%	0.02%	0.08%	0.03%	0.03%	0.04%
EBITDA Growth %	-	0.42%	-0.05%	-0.38%	-1.31%	3.09%	3.95%	-0.55%	-0.15%	0.87%
D&A (Non-Cash Add-back)	7.08M	6.14M	5.71M	5.82M	13.81M	21.61M	42.36M	42.58M	51.04M	49.24M
EBIT	7.96M	15.24M	14.62M	6.75M	-17.69M	-13.51M	-2.53M	20.35M	-18.5M	-7.09M
Net Interest Income+	-589K	-908K	-1.73M	301K	0	-13.67M	-28.78M	-3.05M	-808K	-1.86M
Interest Income	0	0	0	0	0	2.73M	0	0	0	0
Interest Expense	589K	908K	1.73M	301K	0	16.41M	28.78M	3.05M	808K	1.86M
Other Income/Expense	-589K	-908K	-1.73M	301K	2.47M	-15.47M	-28.96M	41.63M	16.15M	11.11M
Pretax Income+	7.37M	14.34M	12.89M	7.05M	-15.22M	-28.97M	-31.2M	17.31M	-19.3M	-8.95M
Pretax Margin %	0.05%	0.09%	0.08%	0.03%	-0.07%	-0.08%	-0.06%	0.03%	-0.03%	-0.01%
Income Tax+	408K	-11.09M	6.92M	-10.87M	-17.72M	15.01M	-3.83M	-2.26M	-2.96M	-2.43M
Effective Tax Rate %	-0.91%	1.56%	0.46%	2.54%	-0.16%	1.52%	0.88%	1.13%	0.85%	0.73%
Net Income+	-6.7M	22.36M	5.97M	17.92M	2.49M	-43.98M	-27.36M	19.57M	-16.34M	-6.52M
Net Margin %	-0.05%	0.15%	0.04%	0.09%	0.01%	-0.13%	-0.06%	0.03%	-0.03%	-0.01%
Net Income Growth %	-	4.34%	-0.73%	2%	-0.86%	-18.63%	0.38%	1.72%	-1.84%	0.6%
Net Income (Continuing)	6.96M	25.43M	5.97M	17.92M	2.49M	-43.98M	-27.36M	19.57M	-16.34M	-6.52M
Discontinued Operations	-13.66M	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.46	1.33	0.37	0.85	0.10	-1.83	-1.09	-0.48	-0.64	-0.24
EPS Growth %	-	3.89%	-0.72%	1.3%	-0.88%	-19.3%	0.4%	0.56%	-0.33%	0.63%
EPS (Basic)	-0.49	1.43	0.42	0.85	0.11	-1.83	-1.09	0.77	-0.64	-0.24
Diluted Shares Outstanding	14.57M	14.57M	14.54M	21.14M	23.92M	24.09M	25.09M	30.91M	25.61M	27.21M
Basic Shares Outstanding	13.58M	13.58M	12.59M	21.09M	22.64M	24.09M	25.09M	25.28M	25.61M	27.21M
Dividend Payout Ratio	-	1.34%	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	32.14M	28.04M	65.25M	91.41M	224.38M	193.6M	412.88M	279.61M	252.78M	187.81M
Cash & Short-Term Investments	10.06M	6.79M	37.63M	58.66M	185M	112.16M	331.45M	184.87M	153.47M	83.79M
Cash Only	10.06M	6.79M	37.63M	41.26M	185M	72.16M	331.45M	113.64M	131.99M	81.81M
Short-Term Investments	0	0	0	17.4M	0	40M	0	71.23M	21.49M	1.98M
Accounts Receivable	12.79M	16.84M	21.23M	24.01M	30.19M	55.24M	61.57M	74.47M	78.16M	86.45M
Days Sales Outstanding	33.89	40.4	47.54	42.93	47.37	58.77	45.78	47.42	47.46	42.16
Inventory	0	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-	-
Other Current Assets	7.55M	2.1M	2.63M	2.87M	9.19M	11.69M	4.04M	20.27M	21.14M	17.57M
Total Non-Current Assets+	31M	41.93M	39.24M	59.01M	129.11M	697.01M	652.65M	649.71M	848.27M	801.35M
Property, Plant & Equipment	10.26M	11.18M	14.95M	25.14M	62.69M	71.14M	83.67M	109.75M	335.37M	330.42M
Fixed Asset Turnover	13.43x	13.61x	10.90x	8.12x	3.71x	4.82x	5.87x	5.22x	1.79x	2.27x
Goodwill	6.87M	6.87M	6.87M	6.87M	6.87M	372.24M	344.42M	326.4M	335.87M	317.24M
Intangible Assets	10.07M	8.48M	7.64M	7.09M	6.57M	248.06M	211.22M	177.37M	166.91M	145.35M
Long-Term Investments	0	1.7M	2.07M	1.83M	0	0	0	0	0	0
Other Non-Current Assets	3.81M	1.01M	1.19M	727K	6.05M	5.58M	13.35M	36.19M	10.12M	8.33M
Total Assets+	63.15M	69.97M	104.49M	150.42M	353.5M	890.61M	1.07B	929.32M	1.1B	989.17M
Asset Turnover	2.18x	2.17x	1.56x	1.36x	0.66x	0.39x	0.46x	0.62x	0.55x	0.76x
Asset Growth %	-	0.11%	0.49%	0.44%	1.35%	1.52%	0.2%	-0.13%	0.18%	-0.1%
Total Current Liabilities+	59.11M	30.47M	24.52M	32.72M	45.74M	92.19M	93.5M	114.01M	122.77M	140.32M
Accounts Payable	4.45M	4.69M	3.02M	3.42M	4.19M	11.66M	9.14M	26.75M	34.21M	28.36M
Days Payables Outstanding	20.47	20.08	12.37	11.54	12.24	22.98	12.25	29.16	34.21	22.09
Short-Term Debt	17M	7.1M	92K	0	4.88M	0	0	0	0	0
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	24.01M	7.51M	7.37M	14.07M	19.04M	43.35M	46.7M	21.59M	49.87M	25.99M
Current Ratio	0.54x	0.92x	2.66x	2.79x	4.91x	2.10x	4.42x	2.45x	2.06x	1.34x
Quick Ratio	0.54x	0.92x	2.66x	2.79x	4.91x	2.10x	4.42x	2.45x	2.06x	1.34x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	1.29M	40.06M	3.27M	8.93M	37.67M	368.5M	559.45M	543.13M	680.89M	536.31M
Long-Term Debt	0	37.74M	0	0	0	282.2M	486.44M	480.55M	418.53M	281.28M
Capital Lease Obligations	33K	0	0	0	19.87M	17.2M	10.96M	4.64M	220.55M	219.19M
Deferred Tax Liabilities	617K	0	0	0	12.08M	61.01M	48.4M	38.47M	33.02M	27.3M
Other Non-Current Liabilities	50K	609K	716K	2.5M	0	1.71M	6.02M	11.18M	386K	576K
Total Liabilities	60.4M	70.53M	27.78M	41.65M	83.41M	460.69M	652.94M	657.14M	803.66M	676.63M
Total Debt+	17.14M	44.84M	92K	0	24.74M	304.91M	503.2M	492.64M	644.54M	503.59M
Net Debt	7.08M	38.05M	-37.53M	-41.26M	-160.26M	232.75M	171.75M	379M	512.55M	421.77M
Debt / Equity	6.24x	-	0.00x	-	0.09x	0.71x	1.22x	1.81x	2.17x	1.61x
Debt / EBITDA	1.14x	2.10x	0.00x	-	-	37.60x	12.54x	26.99x	41.36x	17.26x
Net Debt / EBITDA	0.47x	1.78x	-1.85x	-3.28x	-	28.70x	4.28x	20.76x	32.89x	14.45x
Interest Coverage	13.52x	16.79x	8.46x	22.43x	-	-0.82x	-0.08x	-7.98x	-43.88x	-10.78x
Total Equity+	2.74M	-556K	76.71M	108.77M	270.09M	429.92M	412.6M	272.18M	297.39M	312.53M
Equity Growth %	-	-1.2%	138.97%	0.42%	1.48%	0.59%	-0.04%	-0.34%	0.09%	0.05%
Book Value per Share	0.19	-0.04	5.27	5.15	11.29	17.84	16.44	8.81	11.61	11.49
Total Shareholders' Equity	2.74M	-556K	76.71M	108.77M	270.09M	429.92M	412.6M	272.18M	297.39M	312.53M
Common Stock	12K	12K	17K	19K	24K	24K	25K	25K	26K	29K
Retained Earnings	-54.52M	-31.74M	-25.77M	-7.85M	-5.53M	-49.51M	-76.87M	-48.55M	-64.89M	-71.41M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-24.65M	-24.9M	-29.43M	-1K	41K	27.94M	-13.04M	-44.21M	-28.79M	-52.01M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-3.81M	5.15M	14.62M	24.63M	-1.25M	4.52M	40.8M	34.91M	39M	83.88M
Operating CF Margin %	-0.03%	0.03%	0.09%	0.12%	-0.01%	0.01%	0.08%	0.06%	0.06%	0.11%
Operating CF Growth %	-	2.35%	1.84%	0.68%	-1.05%	4.61%	8.03%	-0.14%	0.12%	1.15%
Net Income	6.96M	25.43M	5.97M	17.92M	2.49M	-43.98M	-27.36M	19.57M	-16.34M	-6.52M
Depreciation & Amortization	7.08M	6.14M	5.71M	5.82M	13.81M	21.61M	42.36M	35.6M	41.72M	49.24M
Stock-Based Compensation	3.49M	1.37M	1.8M	3.34M	6.63M	9.88M	0	20.66M	36.99M	48.36M
Deferred Taxes	304K	-11.09M	6.17M	-10.83M	-17.5M	14.27M	-8.32M	-5.56M	-5.94M	-4.45M
Other Non-Cash Items	-22.03M	-11.02M	467K	91K	-71K	15.98M	42.12M	-30.15M	-924K	-5.96M
Working Capital Changes	383K	-5.68M	-5.5M	8.29M	-6.61M	-13.25M	-8M	-5.21M	-16.5M	3.21M
Change in Receivables	-533K	-4.04M	-4.39M	-2.78M	-6.18M	-18.83M	-6.71M	-13.34M	-3.45M	-8.72M
Change in Inventory	-3.11M	-1.42M	-349K	2.9M	-2.06M	0	0	0	0	0
Change in Payables	1.04M	243K	-2.43M	-169K	1.15M	315K	1.99M	17.21M	5.38M	-4.64M
Cash from Investing+	-5.96M	-7.37M	-7.96M	-31.68M	-7.65M	-455.08M	2.83M	-133.45M	30.85M	-1.44M
Capital Expenditures	-5.1M	-6.06M	-7.96M	-14.45M	-25.76M	-12.27M	-54.63M	-60.34M	-9.26M	-13.99M
CapEx % of Revenue	0.04%	0.04%	0.05%	0.07%	0.11%	0.04%	0.11%	0.11%	0.02%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-860K	-1.31M	-2.94M	-2.03M	-3.54M	-2.32M	40M	-3.75M	-10.64M	-6.91M
Cash from Financing+	11.04M	-1.05M	24.18M	10.68M	152.42M	346.89M	207.03M	-120M	-52.77M	-131.27M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	-30M	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	193K	-11.93M	-3K	-273K	5.03M	-53.08M	-10.64M	-2.53M	-1.36M	-131.35M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-8.91M	-907K	6.66M	10.19M	-27.01M	-10.07M	-13.83M	-29.18M	19.1M	69.9M
FCF Margin %	-0.06%	-0.01%	0.04%	0.05%	-0.12%	-0.03%	-0.03%	-0.05%	0.03%	0.09%
FCF Growth %	-	0.9%	8.34%	0.53%	-3.65%	0.63%	-0.37%	-1.11%	1.65%	2.66%
FCF per Share	-0.61	-0.06	0.46	0.48	-1.13	-0.42	-0.55	-0.94	0.75	2.57
FCF Conversion (FCF/Net Income)	0.57x	0.23x	2.45x	1.37x	-0.50x	-0.10x	-1.49x	1.78x	-2.39x	-12.86x
Interest Paid	1.1M	1.31M	1.53M	107K	0	579K	0	18K	1.5M	0
Taxes Paid	73K	6K	855K	155K	0	454K	0	3.93M	7.2M	3.81M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-244.17%	2043.69%	15.68%	19.33%	1.32%	-12.56%	-6.5%	5.72%	-5.74%	-2.14%
Return on Invested Capital (ROIC)	60.81%	48.33%	28.6%	9.49%	-14.97%	-2.62%	-0.27%	-2.95%	-3.64%	-1.95%
Gross Margin	42.5%	43.99%	45.22%	47.02%	46.28%	46.01%	44.51%	41.59%	39.29%	37.4%
Net Margin	-4.86%	14.7%	3.66%	8.78%	1.07%	-12.82%	-5.57%	3.41%	-2.72%	-0.87%
Debt / Equity	6.24x	-	0.00x	-	0.09x	0.71x	1.22x	1.81x	2.17x	1.61x
Interest Coverage	13.52x	16.79x	8.46x	22.43x	-	-0.82x	-0.08x	-7.98x	-43.88x	-10.78x
FCF Conversion	0.57x	0.23x	2.45x	1.37x	-0.50x	-0.10x	-1.49x	1.78x	-2.39x	-12.86x
Revenue Growth	-	10.4%	7.11%	25.26%	13.95%	47.52%	43.07%	16.75%	4.88%	24.52%

Revenue by Segment

	2017	2018	2019	2020	2021	2022	2023	2024
CPaaS, Usage-Based Fees	-	-	131.63M	219.82M	319M	445.7M	346.9M	401.4M
CPaaS, Usage-Based Fees Growth	-	-	-	67.00%	45.12%	39.72%	-22.17%	15.71%
CPaaS, Service Fees	-	-	61.19M	72.26M	87.6M	116.9M	132M	138.4M
CPaaS, Service Fees Growth	-	-	-	18.08%	21.24%	33.45%	12.92%	4.85%
Service, Other	-	-	5.13M	6.02M	7.3M	10.6M	-	-
Service, Other Growth	-	-	-	17.40%	21.32%	45.21%	-	-
Products And Services, Other, Usage-Based Fees	-	-	29.01M	40.84M	73.5M	-	-	-
Products And Services, Other, Usage-Based Fees Growth	-	-	-	40.78%	79.96%	-	-	-
Product And Service, Other, Service Fees	-	-	5.64M	4.18M	3.5M	-	-	-
Product And Service, Other, Service Fees Growth	-	-	-	-25.84%	-16.29%	-	-	-
CPaaS	-	164.41M	-	-	-	-	-	-
CPaaS Growth	-	-	-	-	-	-	-	-
Product and Service, Other	-	39.7M	-	-	-	-	-	-
Product and Service, Other Growth	-	-	-	-	-	-	-	-
Carrier Access Billing	9.12M	-	-	-	-	-	-	-
Carrier Access Billing Growth	-	-	-	-	-	-	-	-

Revenue by Geography

	2017	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	162.39M	203.57M	33.66M	42.69M	69.05M	514.04M	-	658.74M
UNITED STATES Growth	-	25.35%	-83.46%	26.82%	61.74%	644.43%	-	-
Non-US	562K	546K	986K	2.33M	7.91M	59.12M	-	89.75M
Non-US Growth	-	-2.85%	80.59%	136.41%	239.25%	647.55%	-	-
North America	-	-	-	-	-	-	514.05M	-
North America Growth	-	-	-	-	-	-	-	-
Non North America	-	-	-	-	-	-	87.07M	-
Non North America Growth	-	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Bandwidth Inc. (BAND) reported $756.1M in revenue for fiscal year 2024. This represents a 449% increase from $137.8M in 2015.

Bandwidth Inc. (BAND) grew revenue by 24.5% over the past year. This is strong growth.

Bandwidth Inc. (BAND) reported a net loss of $11.7M for fiscal year 2024.

Dividend & Returns

Bandwidth Inc. (BAND) has a return on equity (ROE) of -2.1%. Negative ROE indicates the company is unprofitable.

Bandwidth Inc. (BAND) generated $64.0M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.

US Stock Screener

...

Bandwidth Inc. (BAND) 10-Year Financial Performance & Capital Metrics

BAND • • Industrial / General

TechnologyInfrastructure SoftwareCommunications & Network InfrastructureCommunications Platforms

Revenue $748M +24.5%
EBITDA $29M +87.3%
Net Income -$7M +60.1%
EPS (Diluted) -0.24 +62.5%
Gross Margin 37.4% -4.8%
EBITDA Margin 3.9% +50.4%
Operating Margin -2.68% +54.6%
Net Margin -0.87% +67.9%
ROE -2.14% +62.7%
ROIC -1.95% +46.5%
Debt/Equity 1.61 -25.7%
Interest Coverage -10.78 +75.4%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Strong 5Y sales CAGR of 26.3%
✓Trading at only 1.2x book value

✗Weaknesses

✗Trading more than 30% below 52-week high

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-

5Y26.33%

3Y15.1%

TTM7.42%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM25.66%

EPS CAGR

10Y-

5Y-

3Y-

TTM35.98%

ROCE

10Y Avg27.89%

5Y Avg-2.31%

3Y Avg-2.96%

Latest-2.2%

Peer Comparison

Communications Platforms

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
ZENVZenvia Inc.	25.72M	0.89	-0.30	18.83%	-10.99%	-16.25%	100%	0.17
TCXTucows Inc.	272.16M	24.51	-2.45	6.76%	-25.02%
SANGSangoma Technologies Corporation	160.06M	4.83	-32.20	-4.28%	-3%	-2.76%	20.58%	0.22
BANDBandwidth Inc.	386.46M	13.53	-56.38	24.52%	-1.54%	-2.97%	18.09%	1.61
FIVNFive9, Inc.	1.49B	19.01	-111.82	14.44%	2.77%	4.03%	5.28%	1.98

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	137.8M	152.13M	162.96M	204.11M	232.59M	343.11M	490.91M	573.15M	601.12M	748.49M
Revenue Growth %	-	0.1%	0.07%	0.25%	0.14%	0.48%	0.43%	0.17%	0.05%	0.25%
Cost of Goods Sold+	79.24M	85.22M	89.26M	108.14M	124.96M	185.25M	272.38M	334.8M	364.96M	468.53M
COGS % of Revenue	0.58%	0.56%	0.55%	0.53%	0.54%	0.54%	0.55%	0.58%	0.61%	0.63%
Gross Profit+	58.56M	66.92M	73.69M	95.97M	107.64M	157.86M	218.52M	238.35M	236.16M	279.96M
Gross Margin %	0.42%	0.44%	0.45%	0.47%	0.46%	0.46%	0.45%	0.42%	0.39%	0.37%
Gross Profit Growth %	-	0.14%	0.1%	0.3%	0.12%	0.47%	0.38%	0.09%	-0.01%	0.19%
Operating Expenses+	50.6M	51.67M	59.08M	89.22M	125.33M	171.37M	220.76M	262.68M	271.61M	300.02M
OpEx % of Revenue	0.37%	0.34%	0.36%	0.44%	0.54%	0.5%	0.45%	0.46%	0.45%	0.4%
Selling, General & Admin	43.22M	43.15M	48.29M	68.32M	93.87M	129.31M	165.59M	164.69M	167.43M	181.39M
SG&A % of Revenue	0.31%	0.28%	0.3%	0.33%	0.4%	0.38%	0.34%	0.29%	0.28%	0.24%
Research & Development	7.38M	8.52M	10.79M	20.9M	31.46M	42.06M	55.17M	97.99M	104.19M	118.63M
R&D % of Revenue	0.05%	0.06%	0.07%	0.1%	0.14%	0.12%	0.11%	0.17%	0.17%	0.16%
Other Operating Expenses	0	0	0	301K	0	0	0	0	0	0
Operating Income+	7.96M	15.24M	14.62M	6.75M	-17.69M	-13.51M	-2.24M	-24.32M	-35.46M	-20.06M
Operating Margin %	0.06%	0.1%	0.09%	0.03%	-0.08%	-0.04%	-0%	-0.04%	-0.06%	-0.03%
Operating Income Growth %	-	0.91%	-0.04%	-0.54%	-3.62%	0.24%	0.83%	-9.87%	-0.46%	0.43%
EBITDA+	15.04M	21.39M	20.33M	12.58M	-3.89M	8.11M	40.13M	18.25M	15.58M	29.18M
EBITDA Margin %	0.11%	0.14%	0.12%	0.06%	-0.02%	0.02%	0.08%	0.03%	0.03%	0.04%
EBITDA Growth %	-	0.42%	-0.05%	-0.38%	-1.31%	3.09%	3.95%	-0.55%	-0.15%	0.87%
D&A (Non-Cash Add-back)	7.08M	6.14M	5.71M	5.82M	13.81M	21.61M	42.36M	42.58M	51.04M	49.24M
EBIT	7.96M	15.24M	14.62M	6.75M	-17.69M	-13.51M	-2.53M	20.35M	-18.5M	-7.09M
Net Interest Income+	-589K	-908K	-1.73M	301K	0	-13.67M	-28.78M	-3.05M	-808K	-1.86M
Interest Income	0	0	0	0	0	2.73M	0	0	0	0
Interest Expense	589K	908K	1.73M	301K	0	16.41M	28.78M	3.05M	808K	1.86M
Other Income/Expense	-589K	-908K	-1.73M	301K	2.47M	-15.47M	-28.96M	41.63M	16.15M	11.11M
Pretax Income+	7.37M	14.34M	12.89M	7.05M	-15.22M	-28.97M	-31.2M	17.31M	-19.3M	-8.95M
Pretax Margin %	0.05%	0.09%	0.08%	0.03%	-0.07%	-0.08%	-0.06%	0.03%	-0.03%	-0.01%
Income Tax+	408K	-11.09M	6.92M	-10.87M	-17.72M	15.01M	-3.83M	-2.26M	-2.96M	-2.43M
Effective Tax Rate %	-0.91%	1.56%	0.46%	2.54%	-0.16%	1.52%	0.88%	1.13%	0.85%	0.73%
Net Income+	-6.7M	22.36M	5.97M	17.92M	2.49M	-43.98M	-27.36M	19.57M	-16.34M	-6.52M
Net Margin %	-0.05%	0.15%	0.04%	0.09%	0.01%	-0.13%	-0.06%	0.03%	-0.03%	-0.01%
Net Income Growth %	-	4.34%	-0.73%	2%	-0.86%	-18.63%	0.38%	1.72%	-1.84%	0.6%
Net Income (Continuing)	6.96M	25.43M	5.97M	17.92M	2.49M	-43.98M	-27.36M	19.57M	-16.34M	-6.52M
Discontinued Operations	-13.66M	0	0	0	0	0	0	0	0	0
Minority Interest	0	0	0	0	0	0	0	0	0	0
EPS (Diluted)+	-0.46	1.33	0.37	0.85	0.10	-1.83	-1.09	-0.48	-0.64	-0.24
EPS Growth %	-	3.89%	-0.72%	1.3%	-0.88%	-19.3%	0.4%	0.56%	-0.33%	0.63%
EPS (Basic)	-0.49	1.43	0.42	0.85	0.11	-1.83	-1.09	0.77	-0.64	-0.24
Diluted Shares Outstanding	14.57M	14.57M	14.54M	21.14M	23.92M	24.09M	25.09M	30.91M	25.61M	27.21M
Basic Shares Outstanding	13.58M	13.58M	12.59M	21.09M	22.64M	24.09M	25.09M	25.28M	25.61M	27.21M
Dividend Payout Ratio	-	1.34%	-	-	-	-	-	-	-	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	32.14M	28.04M	65.25M	91.41M	224.38M	193.6M	412.88M	279.61M	252.78M	187.81M
Cash & Short-Term Investments	10.06M	6.79M	37.63M	58.66M	185M	112.16M	331.45M	184.87M	153.47M	83.79M
Cash Only	10.06M	6.79M	37.63M	41.26M	185M	72.16M	331.45M	113.64M	131.99M	81.81M
Short-Term Investments	0	0	0	17.4M	0	40M	0	71.23M	21.49M	1.98M
Accounts Receivable	12.79M	16.84M	21.23M	24.01M	30.19M	55.24M	61.57M	74.47M	78.16M	86.45M
Days Sales Outstanding	33.89	40.4	47.54	42.93	47.37	58.77	45.78	47.42	47.46	42.16
Inventory	0	0	0	0	0	0	0	0	0	0
Days Inventory Outstanding	-	-	-	-	-	-	-	-	-	-
Other Current Assets	7.55M	2.1M	2.63M	2.87M	9.19M	11.69M	4.04M	20.27M	21.14M	17.57M
Total Non-Current Assets+	31M	41.93M	39.24M	59.01M	129.11M	697.01M	652.65M	649.71M	848.27M	801.35M
Property, Plant & Equipment	10.26M	11.18M	14.95M	25.14M	62.69M	71.14M	83.67M	109.75M	335.37M	330.42M
Fixed Asset Turnover	13.43x	13.61x	10.90x	8.12x	3.71x	4.82x	5.87x	5.22x	1.79x	2.27x
Goodwill	6.87M	6.87M	6.87M	6.87M	6.87M	372.24M	344.42M	326.4M	335.87M	317.24M
Intangible Assets	10.07M	8.48M	7.64M	7.09M	6.57M	248.06M	211.22M	177.37M	166.91M	145.35M
Long-Term Investments	0	1.7M	2.07M	1.83M	0	0	0	0	0	0
Other Non-Current Assets	3.81M	1.01M	1.19M	727K	6.05M	5.58M	13.35M	36.19M	10.12M	8.33M
Total Assets+	63.15M	69.97M	104.49M	150.42M	353.5M	890.61M	1.07B	929.32M	1.1B	989.17M
Asset Turnover	2.18x	2.17x	1.56x	1.36x	0.66x	0.39x	0.46x	0.62x	0.55x	0.76x
Asset Growth %	-	0.11%	0.49%	0.44%	1.35%	1.52%	0.2%	-0.13%	0.18%	-0.1%
Total Current Liabilities+	59.11M	30.47M	24.52M	32.72M	45.74M	92.19M	93.5M	114.01M	122.77M	140.32M
Accounts Payable	4.45M	4.69M	3.02M	3.42M	4.19M	11.66M	9.14M	26.75M	34.21M	28.36M
Days Payables Outstanding	20.47	20.08	12.37	11.54	12.24	22.98	12.25	29.16	34.21	22.09
Short-Term Debt	17M	7.1M	92K	0	4.88M	0	0	0	0	0
Deferred Revenue (Current)	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K	1000K
Other Current Liabilities	24.01M	7.51M	7.37M	14.07M	19.04M	43.35M	46.7M	21.59M	49.87M	25.99M
Current Ratio	0.54x	0.92x	2.66x	2.79x	4.91x	2.10x	4.42x	2.45x	2.06x	1.34x
Quick Ratio	0.54x	0.92x	2.66x	2.79x	4.91x	2.10x	4.42x	2.45x	2.06x	1.34x
Cash Conversion Cycle	-	-	-	-	-	-	-	-	-	-
Total Non-Current Liabilities+	1.29M	40.06M	3.27M	8.93M	37.67M	368.5M	559.45M	543.13M	680.89M	536.31M
Long-Term Debt	0	37.74M	0	0	0	282.2M	486.44M	480.55M	418.53M	281.28M
Capital Lease Obligations	33K	0	0	0	19.87M	17.2M	10.96M	4.64M	220.55M	219.19M
Deferred Tax Liabilities	617K	0	0	0	12.08M	61.01M	48.4M	38.47M	33.02M	27.3M
Other Non-Current Liabilities	50K	609K	716K	2.5M	0	1.71M	6.02M	11.18M	386K	576K
Total Liabilities	60.4M	70.53M	27.78M	41.65M	83.41M	460.69M	652.94M	657.14M	803.66M	676.63M
Total Debt+	17.14M	44.84M	92K	0	24.74M	304.91M	503.2M	492.64M	644.54M	503.59M
Net Debt	7.08M	38.05M	-37.53M	-41.26M	-160.26M	232.75M	171.75M	379M	512.55M	421.77M
Debt / Equity	6.24x	-	0.00x	-	0.09x	0.71x	1.22x	1.81x	2.17x	1.61x
Debt / EBITDA	1.14x	2.10x	0.00x	-	-	37.60x	12.54x	26.99x	41.36x	17.26x
Net Debt / EBITDA	0.47x	1.78x	-1.85x	-3.28x	-	28.70x	4.28x	20.76x	32.89x	14.45x
Interest Coverage	13.52x	16.79x	8.46x	22.43x	-	-0.82x	-0.08x	-7.98x	-43.88x	-10.78x
Total Equity+	2.74M	-556K	76.71M	108.77M	270.09M	429.92M	412.6M	272.18M	297.39M	312.53M
Equity Growth %	-	-1.2%	138.97%	0.42%	1.48%	0.59%	-0.04%	-0.34%	0.09%	0.05%
Book Value per Share	0.19	-0.04	5.27	5.15	11.29	17.84	16.44	8.81	11.61	11.49
Total Shareholders' Equity	2.74M	-556K	76.71M	108.77M	270.09M	429.92M	412.6M	272.18M	297.39M	312.53M
Common Stock	12K	12K	17K	19K	24K	24K	25K	25K	26K	29K
Retained Earnings	-54.52M	-31.74M	-25.77M	-7.85M	-5.53M	-49.51M	-76.87M	-48.55M	-64.89M	-71.41M
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-24.65M	-24.9M	-29.43M	-1K	41K	27.94M	-13.04M	-44.21M	-28.79M	-52.01M
Minority Interest	0	0	0	0	0	0	0	0	0	0

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	-3.81M	5.15M	14.62M	24.63M	-1.25M	4.52M	40.8M	34.91M	39M	83.88M
Operating CF Margin %	-0.03%	0.03%	0.09%	0.12%	-0.01%	0.01%	0.08%	0.06%	0.06%	0.11%
Operating CF Growth %	-	2.35%	1.84%	0.68%	-1.05%	4.61%	8.03%	-0.14%	0.12%	1.15%
Net Income	6.96M	25.43M	5.97M	17.92M	2.49M	-43.98M	-27.36M	19.57M	-16.34M	-6.52M
Depreciation & Amortization	7.08M	6.14M	5.71M	5.82M	13.81M	21.61M	42.36M	35.6M	41.72M	49.24M
Stock-Based Compensation	3.49M	1.37M	1.8M	3.34M	6.63M	9.88M	0	20.66M	36.99M	48.36M
Deferred Taxes	304K	-11.09M	6.17M	-10.83M	-17.5M	14.27M	-8.32M	-5.56M	-5.94M	-4.45M
Other Non-Cash Items	-22.03M	-11.02M	467K	91K	-71K	15.98M	42.12M	-30.15M	-924K	-5.96M
Working Capital Changes	383K	-5.68M	-5.5M	8.29M	-6.61M	-13.25M	-8M	-5.21M	-16.5M	3.21M
Change in Receivables	-533K	-4.04M	-4.39M	-2.78M	-6.18M	-18.83M	-6.71M	-13.34M	-3.45M	-8.72M
Change in Inventory	-3.11M	-1.42M	-349K	2.9M	-2.06M	0	0	0	0	0
Change in Payables	1.04M	243K	-2.43M	-169K	1.15M	315K	1.99M	17.21M	5.38M	-4.64M
Cash from Investing+	-5.96M	-7.37M	-7.96M	-31.68M	-7.65M	-455.08M	2.83M	-133.45M	30.85M	-1.44M
Capital Expenditures	-5.1M	-6.06M	-7.96M	-14.45M	-25.76M	-12.27M	-54.63M	-60.34M	-9.26M	-13.99M
CapEx % of Revenue	0.04%	0.04%	0.05%	0.07%	0.11%	0.04%	0.11%	0.11%	0.02%	0.02%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	-860K	-1.31M	-2.94M	-2.03M	-3.54M	-2.32M	40M	-3.75M	-10.64M	-6.91M
Cash from Financing+	11.04M	-1.05M	24.18M	10.68M	152.42M	346.89M	207.03M	-120M	-52.77M	-131.27M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	0	-30M	0	0	0	0	0	0	0	0
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	193K	-11.93M	-3K	-273K	5.03M	-53.08M	-10.64M	-2.53M	-1.36M	-131.35M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-8.91M	-907K	6.66M	10.19M	-27.01M	-10.07M	-13.83M	-29.18M	19.1M	69.9M
FCF Margin %	-0.06%	-0.01%	0.04%	0.05%	-0.12%	-0.03%	-0.03%	-0.05%	0.03%	0.09%
FCF Growth %	-	0.9%	8.34%	0.53%	-3.65%	0.63%	-0.37%	-1.11%	1.65%	2.66%
FCF per Share	-0.61	-0.06	0.46	0.48	-1.13	-0.42	-0.55	-0.94	0.75	2.57
FCF Conversion (FCF/Net Income)	0.57x	0.23x	2.45x	1.37x	-0.50x	-0.10x	-1.49x	1.78x	-2.39x	-12.86x
Interest Paid	1.1M	1.31M	1.53M	107K	0	579K	0	18K	1.5M	0
Taxes Paid	73K	6K	855K	155K	0	454K	0	3.93M	7.2M	3.81M

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	-244.17%	2043.69%	15.68%	19.33%	1.32%	-12.56%	-6.5%	5.72%	-5.74%	-2.14%
Return on Invested Capital (ROIC)	60.81%	48.33%	28.6%	9.49%	-14.97%	-2.62%	-0.27%	-2.95%	-3.64%	-1.95%
Gross Margin	42.5%	43.99%	45.22%	47.02%	46.28%	46.01%	44.51%	41.59%	39.29%	37.4%
Net Margin	-4.86%	14.7%	3.66%	8.78%	1.07%	-12.82%	-5.57%	3.41%	-2.72%	-0.87%
Debt / Equity	6.24x	-	0.00x	-	0.09x	0.71x	1.22x	1.81x	2.17x	1.61x
Interest Coverage	13.52x	16.79x	8.46x	22.43x	-	-0.82x	-0.08x	-7.98x	-43.88x	-10.78x
FCF Conversion	0.57x	0.23x	2.45x	1.37x	-0.50x	-0.10x	-1.49x	1.78x	-2.39x	-12.86x
Revenue Growth	-	10.4%	7.11%	25.26%	13.95%	47.52%	43.07%	16.75%	4.88%	24.52%

Revenue by Segment

	2017	2018	2019	2020	2021	2022	2023	2024
CPaaS, Usage-Based Fees	-	-	131.63M	219.82M	319M	445.7M	346.9M	401.4M
CPaaS, Usage-Based Fees Growth	-	-	-	67.00%	45.12%	39.72%	-22.17%	15.71%
CPaaS, Service Fees	-	-	61.19M	72.26M	87.6M	116.9M	132M	138.4M
CPaaS, Service Fees Growth	-	-	-	18.08%	21.24%	33.45%	12.92%	4.85%
Service, Other	-	-	5.13M	6.02M	7.3M	10.6M	-	-
Service, Other Growth	-	-	-	17.40%	21.32%	45.21%	-	-
Products And Services, Other, Usage-Based Fees	-	-	29.01M	40.84M	73.5M	-	-	-
Products And Services, Other, Usage-Based Fees Growth	-	-	-	40.78%	79.96%	-	-	-
Product And Service, Other, Service Fees	-	-	5.64M	4.18M	3.5M	-	-	-
Product And Service, Other, Service Fees Growth	-	-	-	-25.84%	-16.29%	-	-	-
CPaaS	-	164.41M	-	-	-	-	-	-
CPaaS Growth	-	-	-	-	-	-	-	-
Product and Service, Other	-	39.7M	-	-	-	-	-	-
Product and Service, Other Growth	-	-	-	-	-	-	-	-
Carrier Access Billing	9.12M	-	-	-	-	-	-	-
Carrier Access Billing Growth	-	-	-	-	-	-	-	-

Revenue by Geography

	2017	2018	2019	2020	2021	2022	2023	2024
UNITED STATES	162.39M	203.57M	33.66M	42.69M	69.05M	514.04M	-	658.74M
UNITED STATES Growth	-	25.35%	-83.46%	26.82%	61.74%	644.43%	-	-
Non-US	562K	546K	986K	2.33M	7.91M	59.12M	-	89.75M
Non-US Growth	-	-2.85%	80.59%	136.41%	239.25%	647.55%	-	-
North America	-	-	-	-	-	-	514.05M	-
North America Growth	-	-	-	-	-	-	-	-
Non North America	-	-	-	-	-	-	87.07M	-
Non North America Growth	-	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Bandwidth Inc. (BAND) reported $756.1M in revenue for fiscal year 2024. This represents a 449% increase from $137.8M in 2015.

Bandwidth Inc. (BAND) grew revenue by 24.5% over the past year. This is strong growth.

Bandwidth Inc. (BAND) reported a net loss of $11.7M for fiscal year 2024.

Dividend & Returns

Bandwidth Inc. (BAND) has a return on equity (ROE) of -2.1%. Negative ROE indicates the company is unprofitable.

Bandwidth Inc. (BAND) generated $64.0M in free cash flow for fiscal year 2024. Positive FCF indicates the company can fund dividends, buybacks, or reinvestment.