Bandwidth Inc. (BAND) Financial Statements (2025 and earlier)
Company Profile
| Business Address |
2230 BANDMATE WAY RALEIGH, NC 27607 |
| State of Incorp. | DE |
| Fiscal Year End | December 31 |
| Industry (SIC) | 7372 - Prepackaged Software (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 153,475 | 184,872 | 331,453 | 72,163 | 184,414 | 58,661 | |||
| Cash and cash equivalent | 131,987 | 113,641 | 331,453 | 72,163 | 184,414 | 41,261 | |||
| Short-term investments | 21,488 | 71,231 | 17,400 | ||||||
| Receivables | 78,155 | 74,465 | 61,572 | 55,243 | 30,187 | 24,009 | |||
| Deferred costs | 4,155 | 3,566 | 3,204 | 2,411 | 2,498 | 2,630 | |||
| Other undisclosed current assets | 16,990 | 16,705 | 16,656 | 63,782 | 9,850 | 6,114 | |||
| Total current assets: | 252,775 | 279,608 | 412,885 | 193,599 | 226,949 | 91,414 | |||
| Noncurrent Assets | |||||||||
| Finance lease, right-of-use asset, after accumulated amortization | 307 | 373 | 464 | ✕ | |||||
| Operating lease, right-of-use asset | 157,507 | 9,993 | 14,061 | 19,491 | 21,031 | ✕ | |||
| Property, plant and equipment | 15,300 | 8,400 | 7,500 | 5,957 | 41,654 | 25,136 | |||
| Intangible assets, net (including goodwill) | 502,786 | 503,775 | 555,640 | 620,294 | 13,436 | 13,956 | |||
| Goodwill | 335,872 | 326,405 | 344,423 | 372,239 | 6,867 | 6,867 | |||
| Intangible assets, net (excluding goodwill) | 166,914 | 177,370 | 211,217 | 248,055 | 6,569 | 7,089 | |||
| Deferred costs | 4,586 | 4,938 | 4,676 | 3,604 | 1,952 | 1,828 | |||
| Deferred income tax assets | 34,861 | ✕ | |||||||
| Other noncurrent assets | 5,530 | 31,251 | 8,673 | 1,975 | 1,533 | 727 | |||
| Other undisclosed noncurrent assets | 162,564 | 91,046 | 61,731 | 45,224 | 17,359 | ||||
| Total noncurrent assets: | 848,273 | 649,710 | 652,654 | 697,009 | 114,467 | 59,006 | |||
| TOTAL ASSETS: | 1,101,048 | 929,318 | 1,065,539 | 890,608 | 341,416 | 150,420 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 103,222 | 89,327 | 75,063 | 74,730 | 31,518 | 24,811 | |||
| Accounts payable | 34,208 | 26,750 | 9,142 | 11,665 | 4,190 | 3,418 | |||
| Accrued liabilities | 69,014 | 62,577 | 65,921 | 63,065 | 27,328 | 21,393 | |||
| Deferred revenue | 8,059 | 7,181 | 6,248 | 6,515 | 5,177 | ✕ | |||
| Debt | 143 | 4,876 | |||||||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 7,912 | ||
| Other undisclosed current liabilities | 11,490 | 17,356 | 12,187 | 10,944 | 4,167 | ||||
| Total current liabilities: | 122,771 | 114,007 | 93,498 | 92,189 | 45,738 | 32,723 | |||
| Noncurrent Liabilities | |||||||||
| Long-term debt and lease obligation | 418,526 | 480,546 | 497,398 | 299,398 | 19,868 | ||||
| Long-term debt, excluding current maturities | 418,526 | 480,546 | 486,440 | 282,196 | |||||
| Liabilities, other than long-term debt | 262,361 | 62,588 | 62,048 | 69,098 | 5,720 | 8,927 | |||
| Deferred revenue | 8,406 | 8,306 | 7,634 | 6,386 | 5,720 | ✕ | |||
| Contract with customer, liability | ✕ | ✕ | ✕ | ✕ | ✕ | ✕ | 6,424 | ||
| Deferred rent credit | 2,503 | ||||||||
| Deferred income tax liabilities | 33,021 | 38,466 | 48,396 | 61,005 | ✕ | ||||
| Other liabilities | 386 | 11,176 | 6,018 | 1,707 | |||||
| Operating lease, liability | 220,548 | 4,640 | 10,958 | 17,202 | 19,868 | ✕ | |||
| Total noncurrent liabilities: | 680,887 | 543,134 | 559,446 | 368,496 | 25,588 | 8,927 | |||
| Total liabilities: | 803,658 | 657,141 | 652,944 | 460,685 | 71,326 | 41,650 | |||
| Equity | |||||||||
| Equity, attributable to parent, including: | 297,390 | 272,177 | 412,595 | 429,923 | 270,090 | 108,770 | |||
| Additional paid in capital | 391,048 | 364,913 | 502,477 | 451,463 | 275,553 | 116,600 | |||
| Accumulated other comprehensive income (loss) | (28,794) | (44,214) | (13,040) | 27,941 | 41 | (1) | |||
| Accumulated deficit | (64,890) | (48,547) | (76,867) | (49,505) | (5,528) | (7,848) | |||
| Other undisclosed equity, attributable to parent | 26 | 25 | 25 | 24 | 24 | 19 | |||
| Total equity: | 297,390 | 272,177 | 412,595 | 429,923 | 270,090 | 108,770 | |||
| TOTAL LIABILITIES AND EQUITY: | 1,101,048 | 929,318 | 1,065,539 | 890,608 | 341,416 | 150,420 | |||
Income Statement (P&L) ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 601,117 | 573,152 | 490,907 | 343,113 | 232,594 | 204,113 | ||
| Cost of revenue | (364,960) | (334,799) | (272,384) | (185,252) | (124,959) | (108,145) | ||
| Cost of product and service sold | (364,960) | (334,799) | (272,384) | (185,252) | (124,959) | |||
| Gross profit: | 236,157 | 238,353 | 218,523 | 157,861 | 107,635 | 95,968 | ||
| Operating expenses | (271,614) | (262,677) | (220,760) | (171,366) | (125,328) | (89,216) | ||
| Operating income (loss): | (35,457) | (24,324) | (2,237) | (13,505) | (17,693) | 6,752 | ||
| Nonoperating income (expense) | 16,154 | 41,630 | (28,958) | 109,717 | 2,484 | 301 | ||
| Debt instrument, convertible, beneficial conversion feature | 125,152 | |||||||
| Other nonoperating income (expense) | 195 | 4,473 | (28,958) | (15,467) | 2,469 | 301 | ||
| Interest and debt expense | (3,719) | (14) | (18) | (16,408) | (177) | (64) | ||
| Other undisclosed income (loss) from continuing operations before equity method investments, income taxes | (108,776) | 162 | ||||||
| Income (loss) from continuing operations before equity method investments, income taxes: | (23,022) | 17,292 | (31,213) | (28,972) | (15,224) | 6,989 | ||
| Other undisclosed income from continuing operations before income taxes | 64 | |||||||
| Income (loss) from continuing operations before income taxes: | (23,022) | 17,292 | (31,213) | (28,972) | (15,224) | 7,053 | ||
| Income tax expense (benefit) | 2,960 | 2,264 | 3,833 | (15,005) | 17,718 | 10,870 | ||
| Income (loss) from continuing operations: | (20,062) | 19,556 | (27,380) | (43,977) | 2,494 | 17,923 | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | ✕ | ✕ | (27,380) | (43,977) | 2,494 | 17,923 | |
| Net income (loss): | (20,062) | 19,556 | (27,380) | (43,977) | 2,494 | 17,923 | ||
| Other undisclosed net income attributable to parent | 3,719 | 14 | 18 | |||||
| Net income (loss) available to common stockholders, basic: | (16,343) | 19,570 | (27,362) | (43,977) | 2,494 | 17,923 | ||
| Interest on convertible debt | 5,147 | |||||||
| Other undisclosed net loss available to common stockholders, diluted | (39,614) | |||||||
| Net income (loss) available to common stockholders, diluted: | (16,343) | (14,897) | (27,362) | (43,977) | 2,494 | 17,923 | ||
Comprehensive Income ($ in thousands)
| 12/31/2024 | 12/31/2023 | 12/31/2022 | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (20,062) | 19,556 | (27,380) | (43,977) | 2,494 | 17,923 | ||
| Other comprehensive income (loss) | (1) | |||||||
| Comprehensive income (loss): | (20,062) | 19,556 | (27,380) | (43,977) | 2,494 | 17,922 | ||
| Other undisclosed comprehensive income (loss), net of tax, attributable to parent | 19,139 | (31,160) | (40,963) | 27,900 | 42 | |||
| Comprehensive income (loss), net of tax, attributable to parent: | (923) | (11,604) | (68,343) | (16,077) | 2,536 | 17,922 | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.