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BAND

Bandwidth Inc.

Communication ServicesPrepackaged Software
Ticker BANDRALEIGH, NCFiscal year ends DecemberBook value per share $10.06Diluted shares 38.0M

Bandwidth (Nasdaq: BAND) provides cloud communications services that help organizations embed voice, messaging, emergency services and AI capabilities into software and applications. Its customers range from application developers and SaaS platforms to large enterprises, including providers of unified communications… From the company’s description.

Over the twelve months to Sep 30, 2026, Bandwidth Inc. reported revenue of $870.37M, up 15.1% from a year earlier, and net income of $8.75M. Its operating margin was −1.3%, and operations generated $113.86M in cash. In fiscal 2025, it reported revenue of $753.82M, up 0.7% from fiscal 2024, and a net loss of $12.91M.

Fiscal year 2025 · ends 12-31Changes are against fiscal 2024The amber dot is the latest twelve months, to 2026-09-30
Sales & profitability
$753.82MFY2025
+0.7% year over year
Last 12 mo $870.37M
-1.91%FY2025
+0.8 percentage points
Last 12 mo -1.30%
$-12.91MFY2025
−97.9% year over year
Last 12 mo $8.75M
-3.23%FY2025
−1.1 percentage points
Last 12 mo 2.29%
Cash & financing
$89.49MFY2025
+6.7% year over year
Last 12 mo $113.86M
$56.55MFY2025
−3.3% year over year
Last 12 mo $87.22M
0.64FY2025
Was 0.90× a year earlier
Last 12 mo 0.81
30.0MFY2025
+10.2% year over year
Last 12 mo 38.0M

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 (Nasdaq: BAND) provides cloud communications services that help organizations embed voice, messaging, emergency services and AI capabilities into software and applications. Its customers range from application developers and SaaS platforms to large enterprises, including providers of unified communications and contact-center services. Bandwidth delivers services through its Communications Cloud, combining software APIs with an owned-and-operated global network, and offers Global Voice Plans, Enterprise Voice and Programmable Messaging. Products include voice and messaging APIs, emergency calling, global phone-number management, and Maestro, a platform for integrating and orchestrating communications and AI voice applications. Messaging supports business-to-consumer engagement, such as notifications, authentication and customer interactions. The company operates as one reportable segment; for fiscal 2025, voice generated approximately 60% of consolidated revenue and programmable messaging approximately 40%. Its network reaches more than 65 countries, and it had approximately 1,100 employees as of December 31, 2025. Its website is www.bandwidth.com.

Company details
Sector
Communication Services
Industry (SIC)
Prepackaged Software
Headquarters
RALEIGH, NC
Fiscal year end
December
CIK
1514416
SIC
7372

Financial performance, year by year

Fiscal 2017–2025 · USD
$-135.41M$138.89M$413.19M$687.50M$961.80M201720182019202020212022202320242025Last 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
34.8%
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 0.50%, 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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