Last 39 quarters of trend data · Technology · Software - Infrastructure
Quarterly valuation ratios — annualised for comparability. YoY Δ shows same-quarter-prior-year change.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| P/E Ratio → | -119.51 | — | — | — | — | — | — | 303.99 | 30.14 | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — | |
| P/S Ratio | 2.18 | 0.00 | 0.57 | 0.66 | 0.66 | 0.54 | 0.57 | 0.65 | 0.72 | 0.71 | 0.56 | 0.47 | 0.60 |
| — | -99.9% | +1.4% | +1.8% | -8.0% | -23.0% | +0.0% | +36.1% | +19.7% | -12.4% | -49.3% | -6.5% | -31.2% | |
| P/B Ratio | 3.85 | 0.00 | 1.19 | 1.29 | 1.24 | 1.10 | 1.52 | 1.49 | 1.62 | 1.62 | 1.26 | 1.03 | 1.20 |
| — | -99.9% | -21.6% | -13.7% | -23.7% | -32.2% | +20.8% | +44.4% | +35.2% | +5.5% | -51.1% | -33.4% | -44.7% | |
| P/FCF | 0.02 | 0.09 | 3.83 | 7.89 | 4.22 | — | 3.91 | 8.79 | 6.80 | — | 7.17 | 3.97 | 41.30 |
| — | — | -2.1% | -10.3% | -37.9% | — | -45.5% | +121.6% | -83.5% | — | — | -28.9% | — | |
| EV / EBITDA | 52.44 | — | 24.20 | 17.96 | 21.45 | 31.57 | 23.76 | 20.72 | 39.36 | 81.41 | 36.38 | 51.05 | 43.62 |
| — | — | +1.9% | -13.3% | -45.5% | -61.2% | -34.7% | -59.4% | -9.8% | — | -54.3% | +92.1% | -69.5% | |
| EV / EBIT | — | — | — | — | — | — | 21.76 | — | 55.42 | — | — | — | — |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Quarterly margins and returns. Watch for margin compression across consecutive quarters.
Bandwidth Inc.'s operating margin was -2.2% in Q1 2026, down 0.3 pp QoQ and up 0.5 pp YoY. This marks the 3rd consecutive quarter of margin compression, signaling a persistent pressure on profitability that investors should monitor. Gross margin contracted 9.1% YoY, suggesting cost inflation or competitive pricing pressure.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross Margin | 35.8% | 37.3% | 34.5% | 38.5% | 39.8% | 41.0% | 36.4% | 37.7% | 37.3% | 38.3% | 37.5% | 39.1% | 40.4% |
| — | -9.1% | -5.4% | +2.0% | +6.6% | +7.2% | -2.9% | -3.6% | -7.6% | -5.2% | -8.1% | -8.5% | -0.4% | |
| Operating Margin | -1.9% | -2.2% | -1.9% | -1.0% | -2.1% | -2.7% | -1.3% | -0.5% | -3.5% | -6.1% | -6.1% | -4.0% | -5.2% |
| — | +17.7% | -48.6% | -125.9% | +40.5% | +55.8% | +79.0% | +88.5% | +32.1% | +28.6% | -35.7% | -332.4% | +22.3% | |
| Net Margin | -1.7% | 2.0% | -1.4% | -0.6% | -2.7% | -2.1% | -0.8% | 0.2% | 2.3% | -5.4% | -6.6% | -3.4% | -2.7% |
| — | +191.9% | -72.4% | -403.6% | -217.3% | +60.2% | +87.3% | +106.3% | +187.6% | -306.1% | -131.0% | -524.1% | +41.7% |
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ROE | -3.6% | 2.0% | -0.8% | -0.3% | -1.4% | -1.1% | -0.5% | 0.1% | 1.3% | -3.1% | -3.8% | -1.8% | -1.3% |
| — | +278.4% | -39.6% | -348.9% | -200.9% | +63.3% | +85.7% | +107.2% | +200.1% | -341.1% | -126.4% | -363.6% | +49.5% | |
| ROA | -1.2% | 0.8% | -0.3% | -0.1% | -0.5% | -0.4% | -0.2% | 0.0% | 0.4% | -0.8% | -1.0% | -0.5% | -0.4% |
| — | +318.3% | -59.8% | -396.6% | -227.8% | +54.7% | +82.7% | +107.9% | +188.8% | -309.3% | -129.2% | -554.4% | +27.2% | |
| ROIC | -1.2% | -0.9% | -0.3% | -0.2% | -0.4% | -0.5% | -0.3% | -0.1% | -0.6% | -0.9% | -0.9% | -0.6% | -0.9% |
| — | -105.1% | -24.7% | -120.4% | +37.0% | +51.4% | +71.6% | +86.7% | +37.5% | +31.0% | -16.9% | -325.4% | +14.4% |
Quarterly solvency trend — watch for debt spikes or covenant pressure.
The current ratio has weakened 28.0% YoY to 0.94x, tightening the short-term liquidity position.
| Metric | TTM | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 | Q3 '23 | Q2 '23 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debt / Equity | 1.75 | 0.92 | 1.75 | 1.22 | 1.25 | 1.39 | 1.61 | 1.57 | 1.77 | 2.16 | 2.17 | 2.31 | 1.46 |
| — | -33.8% | +8.8% | -22.3% | -29.5% | -35.7% | -25.7% | -31.8% | +21.3% | +46.2% | +19.7% | -31.1% | -50.8% | |
| Debt / EBITDA | 16.39 | — | 63.20 | 37.81 | 46.02 | 73.54 | 53.40 | 45.90 | 87.48 | 205.11 | 105.82 | 159.47 | 108.73 |
| — | — | +18.4% | -17.6% | -47.4% | -64.1% | -49.5% | -71.2% | -19.5% | — | -27.3% | +81.1% | -72.0% | |
| Current Ratio | 1.39 | 0.94 | 1.39 | 1.39 | 1.31 | 1.31 | 1.34 | 1.29 | 1.16 | 2.36 | 2.06 | 2.12 | 2.25 |
| — | -28.0% | +3.9% | +7.2% | +12.8% | -44.7% | -35.0% | -39.0% | -48.5% | +7.0% | -16.1% | -40.5% | -43.4% | |
| Quick Ratio | 1.39 | 0.94 | 1.39 | 1.39 | 1.31 | 1.31 | 1.34 | 1.29 | 1.16 | 2.36 | 2.06 | 2.12 | 2.25 |
| — | -28.0% | +3.9% | +7.2% | +12.8% | -44.7% | -35.0% | -39.0% | -48.5% | +7.0% | -16.1% | -40.5% | -43.4% | |
| Interest Coverage | -7.18 | — | -8.02 | -6.07 | -7.77 | -9.60 | — | -1.39 | 5.63 | -11.48 | -47.92 | — | -10.61 |
| — | — | — | — | — | — | — | — | — | — | — | — | — |
Includes 30+ ratios · 39 years · Updated daily
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Quick answers to the most common questions about buying BAND stock.
Bandwidth Inc.'s current P/E is -119.5x. Quarterly P/E ratios can vary due to seasonal revenue patterns and one-time charges.
Bandwidth Inc.'s current operating margin is -1.9%. Margins have been compressing over recent quarters. Quarterly margins are particularly useful for identifying trend inflections that annual data smooths over.
Quarterly financial ratios reveal short-term trend shifts — margin compression, debt spikes, or valuation re-ratings — that annual figures smooth over. They're essential for active investors tracking Bandwidth Inc.'s business trajectory between earnings reports.