BAND Chart
About

Bandwidth Inc. operates as a cloud-based software-powered communications platform-as-a-service provider in the United States and internationally. The company's platform enables enterprises to create, scale, and operate voice or messaging communications services across various mobile applications or connected devices. Its platform also provides voice services through SIP or programmable voice application programming interfaces (API); software APIs for messaging; communications solutions with integrated local emergency services; number management solutions; insights on customer's voice and messaging performance to make data-driven decisions; and carrier integrations services, which includes unified communications as a service, contact center as a service, conversational AI, and speech-to-text/text-to-speech platforms. In addition, the company offers Call Assure that provides hands-free alternative routing; application to person messaging solutions that supports SMS and MMS on local numbers, toll free numbers, and short codes; Bandwidth Maestro, an enterprise cloud communications platform; and Conversational AI Integrations. It serves technology companies, enterprise customers, and software-as-a-service platforms. The company was formerly known as Bandwidth.com, Inc. and changed its name to Bandwidth Inc. in September 2017. Bandwidth Inc. was founded in 1999 and is headquartered in Raleigh, North Carolina.

Fundamentals
Scroll to Statements
Sector Technology Industry Software - Infrastructur Market Cap 420.89M
Enterprise Value 807.05M Income -12.91M Sales 753.82M
Book/sh 12.76 Cash/sh 3.54 Dividend Yield —
Payout 0.00% Employees 1100 IPO —
P/E — Forward P/E 7.36 PEG —
P/S 0.56 P/B 1.08 P/C —
EV/EBITDA 24.46 EV/Sales 1.07 Quick Ratio 1.31
Current Ratio 1.42 Debt/Eq 120.05 LT Debt/Eq —
EPS (ttm) -0.39 EPS next Y 1.87 EPS Growth —
Revenue Growth -1.10% Earnings 2026-05-06 ROA -0.85%
ROE -3.62% ROIC — Gross Margin 39.14%
Oper. Margin -1.89% Profit Margin -1.71% Shs Outstand 28.56M
Shs Float 28.09M Short Float 4.65% Short Ratio 5.23
Short Interest — 52W High 18.63 52W Low 11.33
Beta 2.16 Avg Volume 268.17K Volume 397.00K
Target Price $22.75 Recom Buy Prev Close $13.96
Price $13.79 Change -1.22%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$22.75
Mean price target
2. Current target
$13.79
Latest analyst target
3. DCF / Fair value
$41.66
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$13.79
Low
$15.00
High
$36.00
Mean
$22.75

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-01-23 init B. Riley Securities — → Buy $20
2025-06-13 reit Needham Buy → Buy $20
2025-05-15 reit JMP Securities Market Outperform → Market Outperform $36
2025-05-08 main Baird Neutral → Neutral $15
2025-04-16 main Morgan Stanley Underweight → Underweight $11
2025-02-21 reit Citizens Capital Markets Market Outperform → Market Outperform $36
2025-02-21 reit Needham Hold → Hold —
2025-02-21 main Barclays Overweight → Overweight $22
2024-12-18 main Morgan Stanley Underweight → Underweight $18
2024-11-01 main Baird Neutral → Neutral $22
2024-11-01 reit Needham — → Hold —
2024-08-27 reit JMP Securities Market Outperform → Market Outperform $36
2024-08-02 main Baird Neutral → Neutral $19
2024-08-02 main Barclays Overweight → Overweight $25
2024-08-02 reit Needham — → Hold —
2024-06-14 down Morgan Stanley Equal-Weight → Underweight $15
2024-05-10 reit Needham — → Hold —
2024-05-08 main Keybanc Overweight → Overweight $32
2024-05-08 main Barclays Overweight → Overweight $28
2024-05-08 main JMP Securities Market Outperform → Market Outperform $36
Insider Transactions
Date Shares Url Text Insider Position Transaction Start Date Ownership Value
0 10976 — — ROSS KADE B Chief Technology Officer — 2026-02-20 00:00:00 D nan
1 8472 — — KRUPKA DEVIN M Officer — 2026-02-20 00:00:00 D nan
2 4374 — — RAIFORD DARYL E Chief Financial Officer — 2026-01-02 00:00:00 D nan
3 1287 — — ROSS KADE B Chief Technology Officer — 2026-01-02 00:00:00 D nan
4 2403 — — ASBILL RICHARD BRANDON General Counsel — 2026-01-02 00:00:00 D nan
5 352 — — KRUPKA DEVIN M Officer — 2026-01-02 00:00:00 D nan
6 1556 — — BOTTORFF REBECCA Officer and Director — 2026-01-02 00:00:00 D nan
7 8404 — — MORKEN DAVID ANDREW J.D. Chief Executive Officer — 2026-01-02 00:00:00 D nan
8 6667 — — MURDOCK JOHN C Director — 2025-12-31 00:00:00 D nan
9 6719 — Sale at price 14.41 - 14.63 per share. RAIFORD DARYL E Chief Financial Officer — 2025-12-04 00:00:00 D 97405.0
Financials
Line Item2024-12-312023-12-312022-12-312021-12-31
TaxEffectOfUnusualItems2.78M2.57M8.44M0.00
TaxRateForCalcs0.270.150.210.12
NormalizedEBITDA31.88M6.46M15.75M34.23M
TotalUnusualItems10.27M16.77M40.20M0.00
TotalUnusualItemsExcludingGoodwill10.27M16.77M40.20M0.00
NetIncomeFromContinuingOperationNetMinorityInterest-6.52M-16.34M19.57M-27.36M
ReconciledDepreciation49.24M41.72M35.60M36.64M
ReconciledCostOfRevenue468.53M364.96M334.80M277.09M
EBITDA42.15M23.22M55.95M34.23M
EBIT-7.09M-18.50M20.35M-2.41M
NetInterestIncome-1.86M-808.00K-3.05M-28.78M
InterestExpense1.86M808.00K3.05M28.78M
NormalizedIncome-14.01M-30.54M-12.19M-27.36M
NetIncomeFromContinuingAndDiscontinuedOperation-6.52M-16.34M19.57M-27.36M
TotalExpenses768.55M636.57M597.48M493.14M
TotalOperatingIncomeAsReported-20.06M-35.46M-24.32M-2.24M
DilutedAverageShares27.21M25.61M30.91M25.09M
BasicAverageShares27.21M25.61M25.28M25.09M
DilutedEPS-0.24-0.64-0.48-1.09
BasicEPS-0.24-0.640.77-1.09
DilutedNIAvailtoComStockholders-6.52M-16.34M19.57M-27.36M
NetIncomeCommonStockholders-6.52M-16.34M19.57M-27.36M
NetIncome-6.52M-16.34M19.57M-27.36M
NetIncomeIncludingNoncontrollingInterests-6.52M-16.34M19.57M-27.36M
NetIncomeContinuousOperations-6.52M-16.34M19.57M-27.36M
TaxProvision-2.43M-2.96M-2.26M-3.83M
PretaxIncome-8.95M-19.30M17.31M-31.20M
OtherIncomeExpense12.97M16.96M44.68M-174.00K
OtherNonOperatingIncomeExpenses2.70M195.00K4.47M-174.00K
SpecialIncomeCharges10.27M16.77M40.20M0.00
OtherSpecialCharges-10.27M-16.77M-40.20M
NetNonOperatingInterestIncomeExpense-1.86M-808.00K-3.05M-28.78M
TotalOtherFinanceCost28.78M
InterestExpenseNonOperating1.86M808.00K3.05M28.78M
OperatingIncome-20.06M-35.46M-24.32M-2.24M
OperatingExpense300.02M271.61M262.68M216.05M
ResearchAndDevelopment118.63M104.19M97.99M69.50M
SellingGeneralAndAdministration181.39M167.43M164.69M146.54M
SellingAndMarketingExpense109.70M102.06M96.66M82.33M
GeneralAndAdministrativeExpense71.69M65.36M68.03M64.21M
OtherGandA71.69M65.36M68.03M64.21M
GrossProfit279.96M236.16M238.35M213.81M
CostOfRevenue468.53M364.96M334.80M277.09M
TotalRevenue748.49M601.12M573.15M490.91M
OperatingRevenue748.49M601.12M573.15M490.91M
Line Item2024-12-312023-12-312022-12-312021-12-31
OrdinarySharesNumber28.55M26.16M25.34M25.14M
ShareIssued28.55M26.16M25.34M25.14M
NetDebt199.47M286.54M366.90M154.99M
TotalDebt503.59M644.54M492.64M503.38M
TangibleBookValue-150.06M-205.40M-231.60M-143.04M
InvestedCapital593.82M715.92M752.72M899.03M
WorkingCapital47.49M130.00M165.60M319.39M
NetTangibleAssets-150.06M-205.40M-231.60M-143.04M
CapitalLeaseObligations222.30M226.01M12.09M16.94M
CommonStockEquity312.53M297.39M272.18M412.60M
TotalCapitalization593.82M715.92M752.72M899.03M
TotalEquityGrossMinorityInterest312.53M297.39M272.18M412.60M
StockholdersEquity312.53M297.39M272.18M412.60M
GainsLossesNotAffectingRetainedEarnings-52.01M-28.79M-44.21M-13.04M
OtherEquityAdjustments-52.01M-28.79M-44.21M-13.04M
RetainedEarnings-71.41M-64.89M-48.55M-76.87M
AdditionalPaidInCapital435.93M391.05M364.91M502.48M
CapitalStock29.00K26.00K25.00K25.00K
CommonStock29.00K26.00K25.00K25.00K
PreferredStock0.000.000.000.00
TotalLiabilitiesNetMinorityInterest676.63M803.66M657.14M652.94M
TotalNonCurrentLiabilitiesNetMinorityInterest536.31M680.89M543.13M559.45M
OtherNonCurrentLiabilities576.00K386.00K11.18M6.02M
NonCurrentDeferredLiabilities35.26M41.43M46.77M56.03M
NonCurrentDeferredRevenue7.96M8.41M8.31M7.63M
NonCurrentDeferredTaxesLiabilities27.30M33.02M38.47M48.40M
LongTermDebtAndCapitalLeaseObligation500.48M639.07M485.19M497.40M
LongTermCapitalLeaseObligation219.19M220.55M4.64M10.96M
LongTermDebt281.28M418.53M480.55M486.44M
CurrentLiabilities140.32M122.77M114.01M93.50M
CurrentDeferredLiabilities10.73M14.09M17.23M12.63M
CurrentDeferredRevenue10.73M14.09M17.23M12.63M
CurrentDebtAndCapitalLeaseObligation3.11M5.46M7.45M5.98M
CurrentCapitalLeaseObligation3.11M5.46M7.45M5.98M
PensionandOtherPostRetirementBenefitPlansCurrent25.99M19.14M21.59M19.04M
PayablesAndAccruedExpenses100.49M84.08M67.73M55.84M
CurrentAccruedExpenses64.23M41.41M30.95M32.24M
Payables36.26M42.67M36.78M23.61M
TotalTaxPayable7.90M8.47M10.03M14.47M
IncomeTaxPayable0.002.23M3.42M
AccountsPayable28.36M34.21M26.75M9.14M
TotalAssets989.17M1.10B929.32M1.07B
TotalNonCurrentAssets801.35M848.27M649.71M652.65M
OtherNonCurrentAssets3.98M5.53M31.25M8.67M
NonCurrentDeferredAssets4.36M4.59M4.94M4.68M
GoodwillAndOtherIntangibleAssets462.60M502.79M503.77M555.64M
OtherIntangibleAssets145.35M166.91M177.37M211.22M
Goodwill317.24M335.87M326.40M344.42M
NetPPE330.42M335.37M109.75M83.67M
AccumulatedDepreciation-108.59M-98.24M-89.75M-84.53M
GrossPPE439.02M433.61M199.49M168.20M
Leases76.05M75.44M6.41M6.97M
ConstructionInProgress35.50M25.91M23.68M22.92M
OtherProperties243.51M260.80M107.94M105.82M
MachineryFurnitureEquipment55.26M42.76M38.37M15.22M
LandAndImprovements28.70M28.70M23.09M17.27M
Properties0.000.000.000.00
CurrentAssets187.81M252.78M279.61M412.88M
OtherCurrentAssets13.84M16.99M16.70M15.82M
CurrentDeferredAssets3.73M4.16M3.57M3.20M
RestrictedCash981.00K836.00K
PrepaidAssets15.82M
Receivables86.45M78.16M74.47M61.57M
ReceivablesAdjustmentsAllowances-2.17M-1.13M-1.19M-1.66M
OtherReceivables46.80M43.63M33.86M31.79M
AccountsReceivable41.83M35.65M41.79M31.45M
CashCashEquivalentsAndShortTermInvestments83.79M153.47M184.87M331.45M
OtherShortTermInvestments1.98M21.49M71.23M0.00
CashAndCashEquivalents81.81M131.99M113.64M331.45M
Line Item2024-12-312023-12-312022-12-312021-12-31
FreeCashFlow58.50M19.10M-29.18M-13.83M
RepaymentOfDebt-335.12M-51.42M-117.48M-212.00K
IssuanceOfDebt206.50M0.000.00250.00M
IssuanceOfCapitalStock0.00
CapitalExpenditure-25.38M-19.90M-64.09M-54.63M
InterestPaidSupplementalData691.00K1.50M18.00K1.48M
IncomeTaxPaidSupplementalData3.81M7.20M3.93M2.00M
EndCashPosition82.23M132.31M114.62M332.29M
BeginningCashPosition132.31M114.62M332.29M81.44M
EffectOfExchangeRateChanges-1.24M610.00K881.00K189.00K
ChangesInCash-48.83M17.07M-218.55M250.66M
FinancingCashFlow-131.27M-52.77M-120.00M207.03M
CashFlowFromContinuingFinancingActivities-131.27M-52.77M-120.00M207.03M
NetOtherFinancingCharges-2.82M-1.77M-2.69M-43.69M
ProceedsFromStockOptionExercised167.00K413.00K163.00K926.00K
NetCommonStockIssuance0.00
CommonStockIssuance0.00
NetIssuancePaymentsOfDebt-128.62M-51.42M-117.48M249.79M
NetLongTermDebtIssuance-128.62M-51.42M-117.48M249.79M
LongTermDebtPayments-335.12M-51.42M-117.48M-212.00K
LongTermDebtIssuance206.50M0.000.00250.00M
InvestingCashFlow-1.44M30.85M-133.45M2.83M
CashFlowFromContinuingInvestingActivities-1.44M30.85M-133.45M2.83M
NetInvestmentPurchaseAndSale19.45M49.49M-70.92M40.00M
SaleOfInvestment53.50M130.12M108.68M40.00M
PurchaseOfInvestment-34.05M-80.62M-179.60M0.00
NetBusinessPurchaseAndSale779.00K1.25M1.56M0.00
SaleOfBusiness779.00K1.25M1.56M0.00
PurchaseOfBusiness0.000.00
NetIntangiblesPurchaseAndSale1.00M0.000.00
SaleOfIntangibles1.00M0.000.00
NetPPEPurchaseAndSale-11.28M-9.26M-60.34M-33.24M
SaleOfPPE2.71M0.000.0017.46M
PurchaseOfPPE-13.99M-9.26M-60.34M-50.70M
CapitalExpenditureReported-11.39M-10.64M-3.75M-3.93M
OperatingCashFlow83.88M39.00M34.91M40.80M
CashFlowFromContinuingOperatingActivities83.88M39.00M34.91M40.80M
ChangeInWorkingCapital3.21M-16.50M-5.21M-8.00M
ChangeInOtherCurrentLiabilities-5.59M-9.98M-7.58M-6.23M
ChangeInPayablesAndAccruedExpense13.47M-5.21M21.50M11.69M
ChangeInAccruedExpense18.11M-10.59M4.29M9.69M
ChangeInPayable-4.64M5.38M17.21M1.99M
ChangeInAccountPayable-4.64M5.38M17.21M1.99M
ChangeInPrepaidAssets4.06M2.14M-5.79M-6.75M
ChangeInReceivables-8.72M-3.45M-13.34M-6.71M
ChangesInAccountReceivables-8.72M-3.45M-13.34M-6.71M
OtherNonCashItems5.31M11.84M10.06M32.48M
StockBasedCompensation48.36M36.99M20.66M14.54M
DeferredTax-4.45M-5.94M-5.56M-7.49M
DeferredIncomeTax-4.45M-5.94M-5.56M-7.49M
DepreciationAmortizationDepletion49.24M41.72M35.60M36.64M
DepreciationAndAmortization49.24M41.72M35.60M36.64M
AmortizationCashFlow17.27M17.18M19.12M
AmortizationOfIntangibles17.27M17.18M19.12M
Depreciation24.44M18.42M17.52M
OperatingGainsLosses-11.27M-12.77M-40.20M832.00K
GainLossOnSaleOfPPE-1.00M0.000.00832.00K
NetIncomeFromContinuingOperations-6.52M-16.34M19.57M-27.36M
SEC Filings

Recent 10-K, 10-Q, 8-K, and Form 4 (insider) filings.

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