Bandwidth Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Operating Revenue	753.82	748.49	601.12	573.15	490.91
Revenue	753.82	748.49	601.12	573.15	490.91
Revenue Growth (YoY)	0.71%	24.52%	4.88%	16.75%	43.07%
Cost of Revenue	458.77	468.53	364.96	334.8	276.59
Gross Profit	295.05	279.96	236.16	238.35	214.31
Selling, General & Admin	176.4	181.39	167.43	164.7	146.55
Research & Development	132.52	118.63	104.19	97.99	69.51
Operating Expenses	308.92	300.02	271.61	262.69	216.06
Operating Income	-13.87	-20.06	-35.46	-24.33	-1.74
Interest Expense	-2.03	-1.86	-0.81	-3.05	-28.78
Interest & Investment Income	0.3	1	2	1.2	-
Other Non Operating Income (Expenses)	-0.28	1.7	-1.81	3.78	-0.17
EBT Excluding Unusual Items	-15.87	-19.22	-36.07	-22.4	-30.7
Asset Writedown	-	-	-	-0.5	-0.5
Legal Settlements	-0.5	-	-	-	-
Other Unusual Items	-0.22	10.27	12.77	40.21	-
Pretax Income	-16.59	-8.95	-19.3	17.31	-31.2
Income Tax Expense	-3.68	-2.43	-2.96	-2.26	-3.83
Earnings From Continuing Operations	-12.91	-6.52	-16.34	19.57	-27.36
Net Income	-12.91	-6.52	-16.34	19.57	-27.36
Net Income to Common	-12.91	-6.52	-16.34	19.57	-27.36
Shares Outstanding (Basic)	30	27	26	25	25
Shares Outstanding (Diluted)	30	27	26	31	25
Shares Change (YoY)	10.24%	6.24%	-17.13%	23.18%	4.14%
EPS (Basic)	-0.43	-0.24	-0.64	0.77	-1.09
EPS (Diluted)	-0.43	-0.24	-0.64	-0.48	-1.09
Free Cash Flow	67.23	69.9	29.74	-25.43	20.12
Free Cash Flow Per Share	2.24	2.57	1.16	-0.82	0.80
Gross Margin	39.14%	37.40%	39.29%	41.59%	43.66%
Operating Margin	-1.84%	-2.68%	-5.90%	-4.25%	-0.36%
Profit Margin	-1.71%	-0.87%	-2.72%	3.41%	-5.57%
Free Cash Flow Margin	8.92%	9.34%	4.95%	-4.44%	4.10%
EBITDA	33	24.98	3.06	9.07	33.1
EBITDA Margin	4.38%	3.34%	0.51%	1.58%	6.74%
D&A For EBITDA	46.86	45.04	38.52	33.4	34.84
EBIT	-13.87	-20.06	-35.46	-24.33	-1.74
EBIT Margin	-1.84%	-2.68%	-5.90%	-4.25%	-0.36%
Advertising Expenses	1.1	1.2	1.2	1.5	1.8

Source: S&P Global Market Intelligence. Standard template. Financial Sources.