Bandwidth Inc. (BAND)

Bandwidth Income Statement

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

Year Ending	TTM	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Revenue	634.31	601.12	573.15	490.91	343.11	232.59
Revenue Growth (YoY)	9.43%	4.88%	16.75%	43.07%	47.52%	13.95%
Cost of Revenue	388.32	364.96	334.8	277.09	189.2	124.96
Gross Profit	245.99	236.16	238.35	213.81	153.91	107.64
Selling, General & Admin	172.67	167.43	164.69	146.55	112.86	93.87
Research & Development	107.44	104.19	97.99	69.51	54.56	31.46
Operating Expenses	280.11	271.61	262.68	216.05	167.42	125.33
Operating Income	-34.12	-35.46	-24.32	-2.24	-13.51	-17.69
Interest Expense / Income	0.81	0.81	3.05	28.78	13.67	-2.45
Other Expense / Income	-5.71	-16.96	-44.68	0.17	1.8	-0.02
Pretax Income	-29.22	-19.3	17.31	-31.2	-28.97	-15.22
Income Tax	-0.03	-2.96	-2.26	-3.83	15.01	-17.72
Net Income	-29.19	-16.34	19.57	-27.36	-43.98	2.49
Net Income Growth	-	-	-	-	-	-86.08%
Shares Outstanding (Basic)	26	26	25	25	24	23
Shares Outstanding (Diluted)	26	26	31	25	24	24
Shares Change	-9.49%	-17.13%	23.18%	4.14%	0.71%	13.17%
EPS (Basic)	-1.13	-0.64	0.77	-1.09	-1.83	0.11
EPS (Diluted)	-1.13	-0.64	-0.48	-1.09	-1.83	0.10
EPS Growth	-	-	-	-	-	-88.24%
Free Cash Flow	25.6	19.1	-29.18	3.64	-10.07	-27.01
Free Cash Flow Per Share	0.97	0.75	-1.15	0.14	-0.42	-1.19
Gross Margin	38.78%	39.29%	41.59%	43.55%	44.86%	46.28%
Operating Margin	-5.38%	-5.90%	-4.24%	-0.46%	-3.94%	-7.61%
Profit Margin	-4.60%	-2.72%	3.41%	-5.57%	-12.82%	1.07%
Free Cash Flow Margin	4.04%	3.18%	-5.09%	0.74%	-2.94%	-11.61%
Effective Tax Rate	-	-	-13.08%	-	-	-
EBITDA	16.83	23.22	55.95	34.23	1.5	-3.86
EBITDA Margin	2.65%	3.86%	9.76%	6.97%	0.44%	-1.66%
Depreciation & Amortization	45.24	41.72	35.6	36.64	16.8	13.81
EBIT	-28.41	-18.5	20.35	-2.41	-15.3	-17.67
EBIT Margin	-4.48%	-3.08%	3.55%	-0.49%	-4.46%	-7.60%

Source: Financials are provided by Nasdaq Data Link and sourced from the audited annual (10-K) and quarterly (10-Q) reports submitted to the Securities and Exchange Commission (SEC).