Symbols / BAND $23.51 -0.97% Bandwidth Inc.

Technology • Software - Infrastructure • United States • NMS
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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
Market Cap 752.67M Enterprise Value 1.11B 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 12.56
PEG — P/S 1.00 P/B 1.84 P/C — EV/EBITDA 33.76 EV/Sales 1.48
Quick Ratio 1.31 Current Ratio 1.42 Debt/Eq 120.05 LT Debt/Eq — EPS (ttm) -0.43 EPS next Y 1.87
EPS Growth — Revenue Growth -1.10% Earnings 2026-04-30 ROA -0.85% ROE -3.62% ROIC —
Gross Margin 39.14% Oper. Margin -1.89% Profit Margin -1.71% Shs Outstand 30.06M Shs Float 28.17M Short Float 4.14%
Short Ratio 2.63 Short Interest — 52W High 25.69 52W Low 11.93 Beta 2.03 Avg Volume 442.31K
Volume 353.01K Target Price $24.50 Recom Buy Prev Close $23.74 Price $23.51 Change -0.97%
Valuation Models

Price estimates from analyst targets and simple models.

1. Analyst consensus
$24.50
Mean price target
2. Current target
$23.51
Latest analyst target
3. DCF / Fair value
$39.59
Simplified: (Free Cash Flow ÷ Shares) × 18 (P/FCF multiple). Not a …
Ratings
Current target
$23.51
Low
$15.00
High
$36.00
Mean
$24.50

Latest analyst rating changes

Date Action Analyst Rating Change Price Target
2026-04-17 main B. Riley Securities Buy → Buy $27
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
Insider Transactions
Filed Date Insider Relationship Transaction Shares Price Value SEC
2026-04-16 RAIFORD DARYL E Chief Financial Officer — 8,040 $20.00 $160,809
2026-03-20 KRUPKA DEVIN M Officer — 1,842 — —
2026-03-13 RAIFORD DARYL E Chief Financial Officer — 33,126 $15.19 $507,832
2026-03-11 RAIFORD DARYL E Chief Financial Officer — 22,807 $15.62 $365,941
2026-03-09 RAIFORD DARYL E Chief Financial Officer — 13,868 $16.34 $227,834
2026-03-06 MORKEN DAVID ANDREW J.D. Chief Executive Officer — 69,355 $0.00 $0
2026-03-04 ASBILL RICHARD BRANDON General Counsel — 30,000 $15.34 $460,092
2026-03-04 KRUPKA DEVIN M Officer — 5,613 $15.53 $87,149
2026-03-04 BOTTORFF REBECCA Officer and Director — 8,792 $15.52 $136,452
2026-03-02 ROSS KADE B Chief Technology Officer — 19,000 $14.94 $283,938
Financials
Statement View
Amounts in millions (2 decimals, no suffix) • EPS per share (2 decimals) • Trend = period evolution • YoY Growth = previous period %
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Revenue
753.82
+0.71%
748.49
+24.52%
601.12
+4.88%
573.15
Operating Revenue
753.82
+0.71%
748.49
+24.52%
601.12
+4.88%
573.15
Cost Of Revenue
458.77
-2.08%
468.53
+28.38%
364.96
+9.01%
334.80
Reconciled Cost Of Revenue
458.77
-2.08%
468.53
+28.38%
364.96
+9.01%
334.80
Gross Profit
295.05
+5.39%
279.96
+18.55%
236.16
-0.92%
238.35
Operating Expense
309.42
+3.13%
300.02
+10.46%
271.61
+3.40%
262.68
Research And Development
132.52
+11.71%
118.63
+13.86%
104.19
+6.33%
97.99
Selling General And Administration
176.90
-2.47%
181.39
+8.34%
167.43
+1.66%
164.69
Selling And Marketing Expense
101.68
-7.31%
109.70
+7.48%
102.06
+5.59%
96.66
General And Administrative Expense
75.22
+4.92%
71.69
+9.68%
65.36
-3.92%
68.03
Other Gand A
75.22
+4.92%
71.69
+9.68%
65.36
-3.92%
68.03
Total Expenses
768.19
-0.05%
768.55
+20.73%
636.57
+6.54%
597.48
Operating Income
-14.37
+28.37%
-20.06
+43.43%
-35.46
-45.77%
-24.32
Total Operating Income As Reported
-14.37
+28.37%
-20.06
+43.43%
-35.46
-45.77%
-24.32
EBITDA
39.20
-7.00%
42.15
+81.51%
23.22
-58.50%
55.95
Normalized EBITDA
38.12
+19.56%
31.88
+393.93%
6.46
-59.01%
15.75
Reconciled Depreciation
53.76
+9.18%
49.24
+18.04%
41.72
+17.19%
35.60
EBIT
-14.56
-105.34%
-7.09
+61.65%
-18.50
-190.87%
20.35
Total Unusual Items
1.08
-89.46%
10.27
-38.77%
16.77
-58.30%
40.20
Total Unusual Items Excluding Goodwill
1.08
-89.46%
10.27
-38.77%
16.77
-58.30%
40.20
Special Income Charges
1.08
-89.46%
10.27
-38.77%
16.77
-58.30%
40.20
Other Special Charges
-1.08
+89.46%
-10.27
+38.77%
-16.77
+58.30%
-40.20
Net Income
-12.91
-97.92%
-6.52
+60.08%
-16.34
-183.51%
19.57
Pretax Income
-16.59
-85.31%
-8.95
+53.62%
-19.30
-211.54%
17.31
Net Non Operating Interest Income Expense
-2.03
-8.97%
-1.86
-130.32%
-0.81
+73.49%
-3.05
Interest Expense Non Operating
2.03
+8.97%
1.86
+130.32%
0.81
-73.49%
3.05
Net Interest Income
-2.03
-8.97%
-1.86
-130.32%
-0.81
+73.49%
-3.05
Interest Expense
2.03
+8.97%
1.86
+130.32%
0.81
-73.49%
3.05
Other Income Expense
-0.19
-101.50%
12.97
-23.55%
16.96
-62.04%
44.68
Other Non Operating Income Expenses
-1.28
-147.26%
2.70
+1284.62%
0.20
-95.64%
4.47
Tax Provision
-3.68
-51.46%
-2.43
+17.94%
-2.96
-30.74%
-2.26
Tax Rate For Calcs
0.00
-18.08%
0.00
+77.12%
0.00
-27.14%
0.00
Tax Effect Of Unusual Items
0.24
-91.37%
2.78
+8.46%
2.57
-69.62%
8.44
Net Income Including Noncontrolling Interests
-12.91
-97.92%
-6.52
+60.08%
-16.34
-183.51%
19.57
Net Income From Continuing Operation Net Minority Interest
-12.91
-97.92%
-6.52
+60.08%
-16.34
-183.51%
19.57
Net Income From Continuing And Discontinued Operation
-12.91
-97.92%
-6.52
+60.08%
-16.34
-183.51%
19.57
Net Income Continuous Operations
-12.91
-97.92%
-6.52
+60.08%
-16.34
-183.51%
19.57
Normalized Income
-13.75
+1.82%
-14.01
+54.14%
-30.54
-150.53%
-12.19
Net Income Common Stockholders
-12.91
-97.92%
-6.52
+60.08%
-16.34
-183.51%
19.57
Diluted EPS
-0.43
-79.17%
-0.24
+62.50%
-0.64
-33.33%
-0.48
Basic EPS
-0.43
-79.17%
-0.24
+62.50%
-0.64
-183.12%
0.77
Basic Average Shares
30.00
+10.24%
27.21
+6.24%
25.61
+1.30%
25.28
Diluted Average Shares
30.00
+10.24%
27.21
+6.24%
25.61
-17.13%
30.91
Diluted NI Availto Com Stockholders
-12.91
-97.92%
-6.52
+60.08%
-16.34
-183.51%
19.57
Total Other Finance Cost
—
—
—
—
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Total Assets
1,052.63
+6.42%
989.17
-10.16%
1,101.05
+18.48%
929.32
Current Assets
219.06
+16.64%
187.81
-25.70%
252.78
-9.60%
279.61
Cash Cash Equivalents And Short Term Investments
111.26
+32.79%
83.79
-45.41%
153.47
-16.98%
184.87
Cash And Cash Equivalents
102.79
+25.64%
81.81
-38.02%
131.99
+16.14%
113.64
Other Short Term Investments
8.48
+329.16%
1.98
-90.81%
21.49
-69.83%
71.23
Receivables
91.41
+5.73%
86.45
+10.62%
78.16
+4.96%
74.47
Accounts Receivable
34.55
-17.42%
41.83
+17.33%
35.65
-14.69%
41.79
Receivables Adjustments Allowances
-0.54
+75.28%
-2.17
-92.55%
-1.13
+5.29%
-1.19
Other Receivables
57.40
+22.66%
46.80
+7.25%
43.63
+28.85%
33.86
Prepaid Assets
—
—
—
—
Current Deferred Assets
4.83
+29.53%
3.73
-10.25%
4.16
+16.52%
3.57
Restricted Cash
—
—
—
0.98
Other Current Assets
11.56
-16.50%
13.84
-18.53%
16.99
+1.71%
16.70
Total Non Current Assets
833.57
+4.02%
801.35
-5.53%
848.27
+30.56%
649.71
Net PPE
327.20
-0.98%
330.42
-1.48%
335.37
+205.59%
109.75
Gross PPE
455.27
+3.70%
439.02
+1.25%
433.61
+117.36%
199.49
Accumulated Depreciation
-128.07
-17.93%
-108.59
-10.54%
-98.24
-9.46%
-89.75
Properties
0.00
0.00
0.00
0.00
Land And Improvements
28.70
+0.00%
28.70
+0.00%
28.70
+24.30%
23.09
Machinery Furniture Equipment
53.39
-3.38%
55.26
+29.21%
42.76
+11.45%
38.37
Construction In Progress
44.20
+24.50%
35.50
+37.01%
25.91
+9.43%
23.68
Other Properties
251.28
+3.19%
243.51
-6.63%
260.80
+141.60%
107.94
Leases
77.70
+2.17%
76.05
+0.82%
75.44
+1076.86%
6.41
Goodwill And Other Intangible Assets
495.51
+7.12%
462.60
-7.99%
502.79
-0.20%
503.77
Goodwill
356.77
+12.46%
317.24
-5.55%
335.87
+2.90%
326.40
Other Intangible Assets
138.74
-4.55%
145.35
-12.92%
166.91
-5.90%
177.37
Non Current Deferred Assets
3.10
-28.86%
4.36
-5.04%
4.59
-7.13%
4.94
Other Non Current Assets
7.75
+94.97%
3.98
-28.08%
5.53
-82.30%
31.25
Total Liabilities Net Minority Interest
652.65
-3.54%
676.63
-15.81%
803.66
+22.30%
657.14
Current Liabilities
154.07
+9.79%
140.32
+14.30%
122.77
+7.69%
114.01
Payables And Accrued Expenses
109.03
+8.51%
100.48
+19.50%
84.08
+24.14%
67.73
Payables
47.02
+29.68%
36.26
-15.03%
42.67
+16.02%
36.78
Accounts Payable
42.60
+50.20%
28.36
-17.09%
34.21
+27.88%
26.75
Current Accrued Expenses
62.01
-3.45%
64.22
+55.10%
41.41
+33.79%
30.95
Pensionand Other Post Retirement Benefit Plans Current
20.41
-21.50%
25.99
+35.79%
19.14
-11.36%
21.59
Total Tax Payable
4.42
-44.02%
7.90
-6.72%
8.47
-15.62%
10.03
Income Tax Payable
—
—
0.00
-100.00%
2.23
Current Debt And Capital Lease Obligation
11.57
+272.03%
3.11
-43.05%
5.46
-26.67%
7.45
Current Debt
7.63
—
—
—
Other Current Borrowings
7.63
—
—
—
Current Capital Lease Obligation
3.95
+26.87%
3.11
-43.05%
5.46
-26.67%
7.45
Current Deferred Liabilities
13.06
+21.61%
10.74
-23.75%
14.09
-18.25%
17.23
Current Deferred Revenue
13.06
+21.61%
10.74
-23.75%
14.09
-18.25%
17.23
Total Non Current Liabilities Net Minority Interest
498.59
-7.03%
536.31
-21.23%
680.89
+25.36%
543.13
Long Term Debt And Capital Lease Obligation
468.58
-6.37%
500.48
-21.69%
639.07
+31.72%
485.19
Long Term Debt
247.56
-11.99%
281.28
-32.79%
418.53
-12.91%
480.55
Long Term Capital Lease Obligation
221.02
+0.83%
219.19
-0.62%
220.55
+4653.19%
4.64
Non Current Deferred Liabilities
29.45
-16.47%
35.26
-14.89%
41.43
-11.43%
46.77
Non Current Deferred Revenue
4.97
-37.50%
7.96
-5.37%
8.41
+1.20%
8.31
Non Current Deferred Taxes Liabilities
24.48
-10.35%
27.30
-17.31%
33.02
-14.16%
38.47
Other Non Current Liabilities
0.56
-3.65%
0.58
+49.22%
0.39
-96.55%
11.18
Stockholders Equity
399.97
+27.98%
312.53
+5.09%
297.39
+9.26%
272.18
Common Stock Equity
399.97
+27.98%
312.53
+5.09%
297.39
+9.26%
272.18
Capital Stock
0.03
+6.90%
0.03
+11.54%
0.03
+4.00%
0.03
Common Stock
0.03
+6.90%
0.03
+11.54%
0.03
+4.00%
0.03
Preferred Stock
0.00
0.00
0.00
0.00
Share Issued
31.34
+9.80%
28.55
+9.11%
26.16
+3.24%
25.34
Ordinary Shares Number
31.34
+9.80%
28.55
+9.11%
26.16
+3.24%
25.34
Additional Paid In Capital
485.84
+11.45%
435.93
+11.48%
391.05
+7.16%
364.91
Retained Earnings
-84.33
-18.08%
-71.41
-10.05%
-64.89
-33.66%
-48.55
Gains Losses Not Affecting Retained Earnings
-1.57
+96.99%
-52.01
-80.62%
-28.79
+34.88%
-44.21
Other Equity Adjustments
-1.57
+96.99%
-52.01
-80.62%
-28.79
+34.88%
-44.21
Total Equity Gross Minority Interest
399.97
+27.98%
312.53
+5.09%
297.39
+9.26%
272.18
Total Capitalization
647.53
+9.05%
593.82
-17.05%
715.92
-4.89%
752.72
Working Capital
64.99
+36.86%
47.49
-63.47%
130.00
-21.50%
165.60
Invested Capital
655.16
+10.33%
593.82
-17.05%
715.92
-4.89%
752.72
Total Debt
480.15
-4.65%
503.59
-21.87%
644.54
+30.83%
492.64
Net Debt
152.40
-23.60%
199.47
-30.39%
286.54
-21.90%
366.90
Capital Lease Obligations
224.97
+1.20%
222.30
-1.64%
226.01
+1769.40%
12.09
Net Tangible Assets
-95.54
+36.33%
-150.06
+26.94%
-205.40
+11.31%
-231.60
Tangible Book Value
-95.54
+36.33%
-150.06
+26.94%
-205.40
+11.31%
-231.60
Line Item Trend 2025-12-31 2024-12-31 2023-12-31 2022-12-31
Operating Cash Flow
89.49
+6.69%
83.88
+115.08%
39.00
+11.73%
34.91
Cash Flow From Continuing Operating Activities
89.49
+6.69%
83.88
+115.08%
39.00
+11.73%
34.91
Net Income From Continuing Operations
-12.91
-97.92%
-6.52
+60.08%
-16.34
-183.51%
19.57
Depreciation Amortization Depletion
53.76
+9.18%
49.24
+18.04%
41.72
+17.19%
35.60
Depreciation
—
—
24.44
+32.71%
18.42
Amortization Cash Flow
—
—
17.27
+0.55%
17.18
Depreciation And Amortization
53.76
+9.18%
49.24
+18.04%
41.72
+17.19%
35.60
Amortization Of Intangibles
—
—
17.27
+0.55%
17.18
Other Non Cash Items
4.77
-10.17%
5.31
-55.16%
11.84
+17.74%
10.06
Stock Based Compensation
52.33
+8.21%
48.36
+30.74%
36.99
+79.09%
20.66
Deferred Tax
-2.13
+52.13%
-4.45
+25.08%
-5.94
-6.93%
-5.56
Deferred Income Tax
-2.13
+52.13%
-4.45
+25.08%
-5.94
-6.93%
-5.56
Operating Gains Losses
-1.08
+90.40%
-11.27
+11.75%
-12.77
+68.25%
-40.20
Gain Loss On Sale Of PPE
0.00
+100.00%
-1.00
0.00
0.00
Change In Working Capital
-5.25
-263.45%
3.21
+119.47%
-16.50
-216.38%
-5.21
Change In Receivables
-3.96
+54.66%
-8.72
-152.61%
-3.45
+74.11%
-13.34
Changes In Account Receivables
-3.96
+54.66%
-8.72
-152.61%
-3.45
+74.11%
-13.34
Change In Prepaid Assets
-1.68
-141.41%
4.06
+89.72%
2.14
+136.95%
-5.79
Change In Payables And Accrued Expense
2.33
-82.68%
13.47
+358.67%
-5.21
-124.22%
21.50
Change In Accrued Expense
-10.74
-159.29%
18.11
+270.96%
-10.59
-346.84%
4.29
Change In Payable
13.07
+381.74%
-4.64
-186.15%
5.38
-68.71%
17.21
Change In Account Payable
13.07
+381.74%
-4.64
-186.15%
5.38
-68.71%
17.21
Change In Other Current Liabilities
-1.95
+65.23%
-5.59
+43.94%
-9.98
-31.65%
-7.58
Investing Cash Flow
-39.06
-2608.53%
-1.44
-104.67%
30.85
+123.12%
-133.45
Cash Flow From Continuing Investing Activities
-39.06
-2608.53%
-1.44
-104.67%
30.85
+123.12%
-133.45
Net PPE Purchase And Sale
-22.26
-97.37%
-11.28
-21.84%
-9.26
+84.66%
-60.34
Purchase Of PPE
-22.26
-59.17%
-13.99
-51.09%
-9.26
+84.66%
-60.34
Sale Of PPE
0.00
-100.00%
2.71
0.00
0.00
Capital Expenditure
-32.94
-29.79%
-25.38
-27.54%
-19.90
+68.95%
-64.09
Capital Expenditure Reported
-10.68
+6.27%
-11.39
-7.07%
-10.64
-183.41%
-3.75
Net Investment Purchase And Sale
-6.48
-133.30%
19.45
-60.70%
49.49
+169.79%
-70.92
Purchase Of Investment
-16.13
+52.64%
-34.05
+57.77%
-80.62
+55.11%
-179.60
Sale Of Investment
9.65
-81.96%
53.50
-58.88%
130.12
+19.73%
108.68
Net Business Purchase And Sale
0.36
-53.66%
0.78
-37.83%
1.25
-19.58%
1.56
Purchase Of Business
—
—
—
0.00
Net Intangibles Purchase And Sale
0.00
-100.00%
1.00
0.00
0.00
Financing Cash Flow
-29.07
+77.86%
-131.27
-148.74%
-52.77
+56.02%
-120.00
Cash Flow From Continuing Financing Activities
-29.07
+77.86%
-131.27
-148.74%
-52.77
+56.02%
-120.00
Net Issuance Payments Of Debt
-26.21
+79.62%
-128.62
-150.16%
-51.42
+56.23%
-117.48
Issuance Of Debt
28.50
-86.20%
206.50
0.00
0.00
Repayment Of Debt
-54.71
+83.67%
-335.12
-551.78%
-51.42
+56.23%
-117.48
Long Term Debt Issuance
28.50
-86.20%
206.50
0.00
0.00
Long Term Debt Payments
-54.71
+83.67%
-335.12
-551.78%
-51.42
+56.23%
-117.48
Net Long Term Debt Issuance
-26.21
+79.62%
-128.62
-150.16%
-51.42
+56.23%
-117.48
Net Common Stock Issuance
—
—
—
—
Proceeds From Stock Option Exercised
0.11
-34.73%
0.17
-59.56%
0.41
+153.37%
0.16
Net Other Financing Charges
-2.97
-5.25%
-2.82
-59.09%
-1.77
+34.18%
-2.69
Changes In Cash
21.37
+143.75%
-48.83
-385.99%
17.07
+107.81%
-218.55
Effect Of Exchange Rate Changes
-0.44
+64.54%
-1.24
-303.44%
0.61
-30.76%
0.88
Beginning Cash Position
82.23
-37.85%
132.31
+15.43%
114.62
-65.51%
332.29
End Cash Position
103.16
+25.45%
82.23
-37.85%
132.31
+15.43%
114.62
Free Cash Flow
56.55
-3.34%
58.50
+206.27%
19.10
+165.45%
-29.18
Interest Paid Supplemental Data
—
0.69
-53.93%
1.50
+8233.33%
0.02
Income Tax Paid Supplemental Data
—
3.81
-47.04%
7.20
+83.19%
3.93
Common Stock Issuance
—
—
—
—
Issuance Of Capital Stock
—
—
—
—
Sale Of Business
0.36
-53.66%
0.78
-37.83%
1.25
-19.58%
1.56
Sale Of Intangibles
0.00
-100.00%
1.00
0.00
0.00
SEC Filings

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

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