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Companies / Technology / Bandwidth Inc.
BAND

Bandwidth Inc.

TechnologyPrepackaged Software
Ticker BANDRALEIGH, NCFiscal year ends DecemberBook value per share $11.38Diluted shares 33.2M

Bandwidth Inc. (NASDAQ: BAND) operates as a global communications platform provider delivering cloud-based voice, messaging, and emergency services capabilities to enterprises worldwide. The company's core offering, the Bandwidth Communications Cloud, is built on an owned-and-operated network spanning more than 65… From the company’s description.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-06-30
Sales & profitability
$753.82M
+0.7% year over year
Last 12 mo $828.24M
-1.91%
+0.8 percentage points
Last 12 mo -1.82%
$-12.91M
−97.9% year over year
Last 12 mo $2.26M
-3.23%
−1.1 percentage points
Last 12 mo 0.60%
Cash & financing
$89.49M
+6.7% year over year
Last 12 mo $98.39M
$56.55M
−3.3% year over year
Last 12 mo $67.37M
0.64
Was 0.90× a year earlier
Last 12 mo 0.87
30.0M
+10.2% year over year
Last 12 mo 33.2M

Margins and return on equity change in ; everything else in percent. Fewer shares and less debt are shown plainly, not as bad news — it depends what you make of buybacks. Dotted labels explain each measure. is shown separately from the annual figures.

What Bandwidth Inc. does

In the company’s own words

Bandwidth Inc. (NASDAQ: BAND) operates as a global communications platform provider delivering cloud-based voice, messaging, and emergency services capabilities to enterprises worldwide. The company's core offering, the Bandwidth Communications Cloud, is built on an owned-and-operated network spanning more than 65 countries and reaching over 90 percent of global gross domestic product. This infrastructure differentiates Bandwidth from competitors that rely on third-party networks.

The company generates revenue through three primary market offerings. Global Voice Plans, representing approximately 60 percent of consolidated revenue, power unified communications and contact center platforms for major technology leaders including Microsoft, Google, Zoom, Cisco, RingCentral, Genesys, and Five9. Enterprise Voice services enable Global 2000 enterprises to transition from on-premises communications infrastructure to cloud-based solutions, supported by the Maestro platform for orchestrating AI voice agents and integrating best-in-class applications. Programmable Messaging, accounting for approximately 40 percent of revenue, delivers application-to-person messaging solutions including SMS, MMS, short codes, and rich communication services for business engagement.

Bandwidth's platform provides enterprise-grade application programming interfaces enabling customers to embed voice, messaging, emergency services, and artificial intelligence capabilities into their applications. The company serves a diversified customer base with no single customer representing 10 percent or more of total revenue. As of December 31, 2025, Bandwidth employed approximately 1,100 people primarily located in the United States, Europe, and Asia Pacific.

The company maintains competitive advantages through its owned-and-operated global network infrastructure, enterprise-grade APIs and orchestration capabilities, extensive experience navigating global regulatory frameworks, and comprehensive emergency calling services across 42 countries. Bandwidth reports a customer retention rate exceeding 98.8 percent and customer satisfaction scores above 97 percent. The company's website is located at www.bandwidth.com.

Company details
Sector
Technology
Industry
Prepackaged Software
Headquarters
RALEIGH, NC
Fiscal year end
December
CIK
1514416
SIC
7372

Financial performance, year by year

Fiscal 2017–2025 · USD
$-131.20M$130.47M$392.13M$653.80M$915.47M201720182019202020212022202320242025Last 12 moLast 12 monthsLast 12 months

The full income statement, balance sheet and cash flow for each of these years — every figure traceable to its filing — is on the Financials tab with a free account.

Ownership

Who owns Bandwidth Inc. — and what changed

Funds as of 2026Q2 · superinvestors as of 2026-06-30

233
funds hold it
0 of 35
superinvestors hold it
$598.88M
held by funds, at market
35.1%
of shares held by funds
2
bond issues held by funds

Largest fund holders · Bandwidth Inc.’s weight in each

Hood River Small-Cap Growth Fund
HRSMX · Manager Directed Portfolios
1.05%of fund net assets
VANGUARD TOTAL STOCK MARKET INDEX FUND
VTI · VANGUARD INDEX FUNDS
0.00%of fund net assets
iShares Russell 2000 ETF
IWM · iShares Trust
0.06%of fund net assets
VANGUARD EXTENDED MARKET INDEX FUND
VXF · VANGUARD INDEX FUNDS
0.02%of fund net assets
Fidelity Enhanced Small Cap Core ETF
FESM · Fidelity Covington Trust
0.37%of fund net assets

Fund ownership is a floor, not a census — pensions, insurers and people holding shares directly are not visible here.

Bandwidth Inc.’s bonds, as funds hold them

Funds report holding 2 issues of Bandwidth Inc.’s debt, $10.18M at market value — what funds hold, not the company’s total debt. Weighted-average coupon 0.30%, maturing 2028 to 2032.

Fund ownership counts N-PORT filers only, so it is a floor rather than a census — pensions, insurers and direct holders are not visible here, and the remainder is not “held by individuals”.

Every fund and institutional holder, quarter by quarter, is on the Ownership tab with a free account.

Connected research

Put this business in context.

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  • “How do Bandwidth Inc. and its peers compare on margins and cash generation over ten years?”
  • “Where did five years of Bandwidth Inc.'s earnings go — cash, debt, buybacks, reinvestment?”
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