Bandwidth Inc.

Bandwidth Inc. reported fiscal year 2025 revenue of $753.8 million, generating gross profit of $295.1 million. The company recorded an operating loss of $14.4 million and a net loss of $12.9 million for the period. Despite the net loss, Bandwidth generated positive operating cash flow of $89.5 million, primarily driven by significant non-cash adjustments including $53.8 million in depreciation and amortization and $52.3 million in stock-based compensation. The company ended the year with $1.05 billion in total assets, including $102.8 million in cash and cash equivalents, and maintained a strong balance sheet with total stockholders' equity of $400.0 million. Key investments included $22.3 million in property, plant and equipment purchases and $10.7 million in capitalized software development costs, indicating continued focus on infrastructure and product development.

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