Bandwidth Inc.
Income Statement
| Line Item | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $208.8M | $207.7M | $191.9M | $180.0M | $174.2M | $210.0M | $193.9M | $173.6M |
| Cost of Revenue | $130.9M | $129.6M | $118.1M | $108.3M | $102.7M | $133.5M | $120.7M | $108.8M |
| Gross Profit | $77.9M | $78.1M | $73.8M | $71.7M | $71.5M | $76.5M | $73.1M | $64.8M |
| Gross Margin | 37.3% | 37.6% | 38.5% | 39.8% | 41.0% | 36.4% | 37.7% | 37.3% |
| Operating Expenses | ||||||||
| Research & Development | $38.5M | $37.1M | $33.0M | $31.7M | $30.6M | $31.4M | $30.2M | $28.1M |
| SG&A Expense | $19.4M | $19.2M | $18.1M | $18.8M | $19.1M | $19.6M | $17.6M | $16.7M |
| Operating Income | $-4.6M | $-3.9M | $-2.0M | $-3.7M | $-4.7M | $-2.7M | $-898.0K | $-6.1M |
| Operating Margin | -2.2% | -1.9% | -1.0% | -2.1% | -2.7% | -1.3% | -0.5% | -3.5% |
| Interest Expense | — | $597.0K | $596.0K | $596.0K | $632.0K | $645.0K | $646.0K | $785.0K |
| Pretax Income | — | — | — | — | — | — | — | — |
| Income Tax Expense | $-1.5M | $-1.5M | $-2.3M | $136.0K | $-70.0K | $-1.2M | $-734.0K | $-331.0K |
| Net Income | $4.1M | $-3.0M | $-1.2M | $-4.9M | $-3.7M | $-1.8M | $413.0K | $4.1M |
| Net Margin | 2.0% | -1.4% | -0.6% | -2.7% | -2.1% | -0.8% | 0.2% | 2.3% |
| EPS (Basic) | $0.13 | $-0.10 | $-0.04 | $-0.16 | $-0.13 | $-0.06 | $0.02 | $0.15 |
| EPS (Diluted) | $-0.08 | $-0.10 | $-0.04 | $-0.16 | $-0.13 | $0.27 | $0.01 | $-0.17 |
| Shares Outstanding (Basic) | 31.7M | 30.0M | 30.3M | 29.9M | 29.0M | 27.2M | 27.4M | 27.1M |
| Shares Outstanding (Diluted) | 33.0M | 30.0M | 30.3M | 29.9M | 29.0M | 27.2M | 28.6M | 29.5M |
| Dividends Per Share | — | — | — | — | — | — | — | — |