BANDWIDTH INC.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $753.8M | $748.5M | $601.1M | $573.2M | $490.9M | $343.1M | $232.6M | $204.1M |
| Cost of Revenue | $458.8M | $468.5M | $365.0M | $334.8M | $277.1M | $189.2M | $125.0M | $108.1M |
| Gross Profit | $295.1M | $280.0M | $236.2M | $238.4M | $213.8M | $153.9M | $107.6M | $96.0M |
| Gross Margin | 39.1% | 37.4% | 39.3% | 41.6% | 43.6% | 44.9% | 46.3% | 47.0% |
| Operating Expenses | ||||||||
| Research & Development | $132.5M | $118.6M | $104.2M | $98.0M | $69.5M | $54.6M | $31.5M | $20.9M |
| SG&A Expense | $75.2M | $71.7M | $65.4M | $68.0M | $64.2M | $51.6M | $58.8M | $47.6M |
| Operating Income | $-14.4M | $-20.1M | $-35.5M | $-24.3M | $-2.2M | $-13.5M | $-17.7M | $6.8M |
| Operating Margin | -1.9% | -2.7% | -5.9% | -4.2% | -0.5% | -3.9% | -7.6% | 3.3% |
| Interest Expense | $2.4M | $3.0M | $3.7M | $5.2M | $28.7M | $16.4M | — | — |
| Pretax Income | — | — | — | — | — | $-29.0M | $-15.2M | $7.1M |
| Income Tax Expense | $-3.7M | $-2.4M | $-3.0M | $-2.3M | $-3.8M | $15.0M | $-17.7M | $-10.9M |
| Net Income | $-12.9M | $-6.5M | $-16.3M | $19.6M | $-27.4M | $-44.0M | $2.5M | $17.9M |
| Net Margin | -1.7% | -0.9% | -2.7% | 3.4% | -5.6% | -12.8% | 1.1% | 8.8% |
| EPS (Basic) | $-0.43 | $-0.24 | $-0.64 | $0.77 | $-1.09 | $-1.83 | $0.11 | $0.96 |
| EPS (Diluted) | $-0.43 | $-0.24 | $-0.64 | $-0.48 | $-1.09 | $-1.83 | $0.10 | $0.85 |
| Shares Outstanding (Basic) | 30.0M | 27.2M | 25.6M | 25.3M | 25.1M | 24.1M | 22.6M | 18.6M |
| Shares Outstanding (Diluted) | 30.0M | 27.2M | 25.6M | 30.9M | 25.1M | 24.1M | 23.9M | 21.1M |
| Dividends Per Share | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 | $0.00 |