Bandwidth Inc. (BAND)

From the record

Bandwidth Inc.'s filings since 2017 show no warning events in the scan: no bankruptcy or receivership notice, no debt default notice, no exchange listing notice, no restatement warning, no auditor change, no material cyber incident and no late-report notice (its current reports).

From the record

Bandwidth Inc.'s 9 filed years say what it did: revenue went from $163 million in fiscal 2017 to $754 million in fiscal 2025, up 21.1% a year; it rose in 8 of 8 years; it never fell from a peak; net income was positive in 4 of 9 of those years (its annual reports).

From the record

Over the 3 fiscal years to 2025-12-31, Bandwidth Inc.'s diluted share count shrank about 1.0% a year, and dividends and buybacks returned about 0% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 117 sales (57 under scheduled 10b5-1 plans) and 0 purchases of their own stock on the open market in the year to 2026-10-19 (their Form 4 filings).

From the record

Return on equity: in the fiscal year ended 2025-12-31, Bandwidth Inc. lost about 3 cents for every dollar of shareholders' money, and gross profitability: its products earned about 28 cents per dollar of everything the company owns. Leverage: it owed about 62 cents per dollar of assets, and net share issuance: its share count grew 10.2% over the year (the filed statements).

From the record

Bandwidth Inc.'s standing among 218 graded names in its industry family: revenue of $754 million in fiscal 2025 ranks in the top 38% by size; a net margin of -1.7% ranks in the top 49%; revenue growth of 9.6% a year over the last 3 filed years ranks in the bottom 41% (its annual reports).

From the record

Bandwidth Inc.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Morken, David A. (Chairman & CEO, as filed), filing under that title since 2017-11-09, 9 years (top 17% of its family); the 12 officers and directors filing in the last fifteen months have been on the record a median of 6.7 years (top 30%); 8 officer or director changes were reported on Form 8-K since 2023-11-13, against the 12 people in charge now (bottom 33%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

From the record

Bandwidth Inc.'s room to grow, from the newest filed statements (fiscal 2025): cash of $103 million against debt of $248 million leaves -13.8% of its assets as net cash, bottom 11% of its family; cash from operations less capital spending is 11.9% of revenue (bottom 47%); a gross margin of 39.1% (bottom 16%); research spending of 17.6% of revenue (bottom 40%) (its annual report).

From the record

Bandwidth Inc.'s growth drivers, from the filed years to fiscal 2025: revenue grew 9.6% a year over the last three filed years against 21.1% over all 9, slowing (bottom 34% of its family); the newest year grew 0.7% (bottom 19%); research spending grew 10.6% a year (top 40%); capital spending grew 34.7% a year (top 18%) (its annual reports). Bandwidth Inc. reported 3 product lines in fiscal 2025: C Paa S Usage Based Fees at $415 million (55%), Messaging Surcharges at $192 million (26%), C Paa S Service Fees at $147 million (20%); 2 of 3 grew against the year before (its annual report).

From the record

Bandwidth Inc.'s newest year against its own record: revenue of $754 million in fiscal 2025 came in 11.9% below the $855 million its prior three years' pace pointed to (bottom 13% of its family); net income of $13 million against a prior three-year average of $1 million (bottom 2%); a net margin of -1.7% against -0.1% before (bottom 23%) (its annual reports).