Bandwidth Inc. (BAND) Income Statement
BAND 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsBAND revenue and net income
Where BAND's revenue goes
2025Each bar shows an amount and its share of revenue. BAND kept −1.7% of revenue as net income.
BAND profit margins
BAND growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | +0.7% | +9.6% | +17.0% | +18.5% |
| Gross profit | +5.4% | +7.4% | +13.3% | +17.6% |
| Operating income | — | — | — | — |
| Net income | — | — | — | — |
| EPS (diluted) | +6.6% | +41.7% | +21.8% | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
BAND quarterly EPS vs estimates
Bandwidth beat the analyst EPS estimate in 5 of the last 8 quarters. Next report: October 29, 2026 (estimate $0.23).
BAND income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $753.8M | $748.5M | $601.1M | $573.2M | $490.9M | $343.1M | $232.6M | $204.1M | $163.0M | $152.1M |
| Cost of revenue | $458.8M | $468.5M | $365.0M | $334.8M | $272.4M | $185.3M | $125.0M | $108.1M | $89.3M | $85.2M |
| Gross profit | $295.1M | $280.0M | $236.2M | $238.4M | $218.5M | $157.9M | $107.6M | $96.0M | $73.7M | $66.9M |
| Research & development | $132.5M | $118.6M | $104.2M | $98.0M | $55.2M | $42.1M | $31.5M | $20.9M | $10.8M | $8.5M |
| Sales, general & admin | $176.9M | $181.4M | $167.4M | $164.7M | $165.6M | $129.3M | $93.9M | $68.3M | $48.3M | $43.2M |
| Total operating expenses | $309.4M | $300.0M | $271.6M | $262.7M | $220.8M | $171.4M | $125.3M | $89.2M | $59.1M | $51.7M |
| Operating income | −$14.4M | −$20.1M | −$35.5M | −$24.3M | −$2.2M | −$13.5M | −$17.7M | $6.8M | $14.6M | $15.2M |
| Interest income | — | — | — | — | — | — | $2.4M | — | $1.7M | $908,000 |
| Interest expense | $2.0M | $1.9M | $808,000 | $3.0M | $28.8M | $16.4M | $2.5M | $301,000 | $1.7M | $908,000 |
| Income before taxes | −$16.6M | −$9.0M | −$19.3M | $17.3M | −$31.2M | −$29.0M | −$15.2M | $7.1M | $12.9M | $14.3M |
| Income taxes | −$3.7M | −$2.4M | −$3.0M | −$2.3M | −$3.8M | $15.0M | −$17.7M | −$10.9M | $6.9M | −$11.1M |
| Net income | −$12.9M | −$6.5M | −$16.3M | $19.6M | −$27.4M | −$44.0M | $2.5M | $17.9M | $6.0M | $22.4M |
| EBITDA | $39.2M | $42.1M | $23.2M | $56.0M | $39.8M | $8.1M | −$3.9M | $12.6M | $20.3M | $21.4M |
| EPS (diluted) | $1.45 | $1.36 | $0.82 | $0.51 | $0.96 | $0.54 | −$0.24 | $0.44 | $0.42 | $1.53 |
| Gross margin | 39.1% | 37.4% | 39.3% | 41.6% | 44.5% | 46.0% | 46.3% | 47.0% | 45.2% | 44.0% |
| Operating margin | −1.9% | −2.7% | −5.9% | −4.2% | −0.5% | −3.9% | −7.6% | 3.3% | 9.0% | 10.0% |
| Net margin | −1.7% | −0.9% | −2.7% | 3.4% | −5.6% | −12.8% | 1.1% | 8.8% | 3.7% | 14.7% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $219.9M | $208.8M | $207.7M | $191.9M | $180.0M | $174.2M | $210.0M | $193.9M | $173.6M | $171.0M | $165.4M | $152.0M |
| Cost of revenue | $141.4M | $130.9M | $129.6M | $118.1M | $108.3M | $102.7M | $133.5M | $120.7M | $108.8M | $105.5M | $103.3M | $92.5M |
| Gross profit | $78.5M | $77.9M | $78.1M | $73.8M | $71.7M | $71.5M | $76.5M | $73.1M | $64.8M | $65.5M | $62.0M | $59.5M |
| Research & development | $37.3M | $38.5M | $37.1M | $33.0M | $31.7M | $30.6M | $31.4M | $30.2M | $28.1M | $28.9M | $28.9M | $25.6M |
| Sales, general & admin | $45.8M | $44.1M | $44.9M | $42.8M | $43.7M | $45.6M | $47.8M | $43.9M | $42.8M | $47.0M | $43.2M | $40.9M |
| Total operating expenses | $83.1M | $82.5M | $82.0M | $75.8M | $75.4M | $76.2M | $79.2M | $74.0M | $70.9M | $75.9M | $72.1M | $65.6M |
| Operating income | −$4.6M | −$4.6M | −$3.9M | −$2.0M | −$3.7M | −$4.7M | −$2.7M | −$898,000 | −$6.1M | −$10.4M | −$10.0M | −$6.1M |
| Interest expense | $967,000 | $673,000 | $495,000 | $498,000 | $547,000 | $488,000 | $390,000 | $646,000 | $785,000 | $907,000 | $231,000 | — |
| Income before taxes | −$402,000 | $2.6M | −$4.5M | −$3.5M | −$4.8M | −$3.8M | −$2.9M | −$321,000 | $3.7M | −$9.4M | −$10.7M | −$5.3M |
| Income taxes | −$2.8M | −$1.5M | −$1.5M | −$2.3M | $136,000 | −$70,000 | −$1.2M | −$734,000 | −$331,000 | −$200,000 | $234,000 | −$219,000 |
| Net income | $2.4M | $4.1M | −$3.0M | −$1.2M | −$4.9M | −$3.7M | −$1.8M | $413,000 | $4.1M | −$9.2M | −$10.9M | −$5.1M |
| EBITDA | $18.3M | $12.8M | $10.1M | $10.8M | $9.1M | $7.8M | $22.4M | $12.7M | $16.7M | $5.0M | $5.1M | $5.6M |
| EPS (diluted) | $0.01 | $0.38 | $0.35 | $0.36 | $0.38 | $0.36 | $0.37 | $0.43 | $0.29 | $0.27 | $0.38 | $0.23 |
| Gross margin | 35.7% | 37.3% | 37.6% | 38.5% | 39.8% | 41.0% | 36.4% | 37.7% | 37.3% | 38.3% | 37.5% | 39.1% |
| Operating margin | −2.1% | −2.2% | −1.9% | −1.0% | −2.1% | −2.7% | −1.3% | −0.5% | −3.5% | −6.1% | −6.1% | −4.0% |
| Net margin | 1.1% | 2.0% | −1.4% | −0.6% | −2.7% | −2.1% | −0.8% | 0.2% | 2.3% | −5.4% | −6.6% | −3.4% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in BAND's financial statements (latest annual report filed February 19, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
BAND financial results
In fiscal year 2025 (ended December 31, 2025), Bandwidth reported revenue of $753.8 million, up 0.7% from the year before. It had a net loss of $12.9 million, a net profit margin of −1.7%. Diluted earnings per share came to $1.45. Over five years revenue grew at an average rate of 17.0% a year.
See the BAND stock overview for the latest quote and news, or the BAND chart for price history and technical indicators.
BAND income statement FAQ
What is Bandwidth's annual revenue?
Bandwidth reported total revenue of $753.8 million for fiscal year 2025, which ended on December 31, 2025. That was up 0.7% from $748.5 million the previous year.
Is Bandwidth profitable?
No. Bandwidth reported a net loss of $12.9 million in fiscal 2025, a net profit margin of −1.7%; its operating margin was −1.9%.
What is Bandwidth's gross margin?
Bandwidth's gross margin was 39.1% in fiscal 2025: for every $100 of revenue, Bandwidth kept $39 after the direct cost of its products and services.
How much does Bandwidth spend on research and development?
Bandwidth spent $132.5 million on research and development in fiscal 2025, 17.6% of revenue.
How fast is Bandwidth growing?
Revenue grew 17.0% a year on average over the last five fiscal years, from $343.1 million to $753.8 million.
What are Bandwidth's earnings per share?
Bandwidth earned $1.45 per diluted share in fiscal 2025, compared with $1.36 a year earlier.
When will Bandwidth report its next earnings?
Bandwidth is expected to report results for the quarter ending September 30, 2026 on October 29, 2026 before the market opens.
When does Bandwidth's fiscal year end?
Bandwidth's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 19, 2026.