Bandwidth Inc. (BAND)

Bandwidth Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Mar 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Operating Revenue	751.7	748.49	601.12	573.15	490.91	343.11
Revenue	751.7	748.49	601.12	573.15	490.91	343.11
Revenue Growth (YoY)	18.51%	24.52%	4.88%	16.75%	43.07%	47.52%
Cost of Revenue	465.71	468.53	364.96	334.8	276.59	189
Gross Profit	285.99	279.96	236.16	238.35	214.31	154.11
Selling, General & Admin	180.03	181.45	167.53	164.7	146.55	98.4
Research & Development	120.35	118.63	104.19	97.99	69.51	54.56
Operating Expenses	300.38	300.08	271.72	262.69	216.06	152.95
Operating Income	-14.39	-20.12	-35.56	-24.33	-1.74	1.16
Interest Expense	-2.38	-1.86	-0.81	-3.05	-28.78	-13.67
Interest & Investment Income	-	1	2	1.2	-	-
Other Non Operating Income (Expenses)	2.39	2.06	-1.2	3.78	-0.17	-1.8
EBT Excluding Unusual Items	-14.38	-18.92	-35.57	-22.4	-30.7	-14.31
Merger & Restructuring Charges	-	-	-	-	-	-14.46
Asset Writedown	-0.3	-0.3	-0.5	-0.5	-0.5	-0.2
Other Unusual Items	11.35	10.27	12.77	40.21	-	-
Pretax Income	-3.33	-8.95	-19.3	17.31	-31.2	-28.97
Income Tax Expense	-2.3	-2.43	-2.96	-2.26	-3.83	15.01
Earnings From Continuing Operations	-1.03	-6.52	-16.34	19.57	-27.36	-43.98
Net Income to Company	-	-6.52	-16.34	19.57	-27.36	-43.98
Net Income	-1.03	-6.52	-16.34	19.57	-27.36	-43.98
Net Income to Common	-1.03	-6.52	-16.34	19.57	-27.36	-43.98
Shares Outstanding (Basic)	28	27	26	25	25	24
Shares Outstanding (Diluted)	28	27	26	31	25	24
Shares Change (YoY)	7.57%	6.24%	-17.13%	23.18%	4.14%	0.71%
EPS (Basic)	-0.04	-0.24	-0.64	0.77	-1.09	-1.83
EPS (Diluted)	-0.04	-0.24	-0.64	-0.48	-1.09	-1.83
Free Cash Flow	60.3	69.9	29.74	-25.43	20.12	-7.76
Free Cash Flow Per Share	2.17	2.57	1.16	-0.82	0.80	-0.32
Gross Margin	38.05%	37.40%	39.29%	41.59%	43.66%	44.91%
Operating Margin	-1.91%	-2.69%	-5.92%	-4.25%	-0.36%	0.34%
Profit Margin	-0.14%	-0.87%	-2.72%	3.41%	-5.57%	-12.82%
Free Cash Flow Margin	8.02%	9.34%	4.95%	-4.44%	4.10%	-2.26%
EBITDA	30.44	24.92	2.96	9.07	33.1	15.96
EBITDA Margin	4.05%	3.33%	0.49%	1.58%	6.74%	4.65%
D&A For EBITDA	44.83	45.04	38.52	33.4	34.84	14.8
EBIT	-14.39	-20.12	-35.56	-24.33	-1.74	1.16
EBIT Margin	-1.91%	-2.69%	-5.92%	-4.25%	-0.36%	0.34%
Advertising Expenses	-	1.2	1.2	1.5	1.8	1.6

Updated May 7, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.

SEC Filings: 10-K · 10-Q