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Provides cloud communications APIs (voice, messaging, 911 services) that businesses use to embed calling/texting into apps.
Provides cloud communications APIs (voice, messaging, 911 services) that businesses use to embed calling/texting into apps.
Charges on usage, per voice minute and per message, plus fees for phone numbers and 911 access, so revenue rises with its customers' traffic. A small number of large software platforms, among them Microsoft and Zoom, supply a big share of volume. The 2020 purchase of Voxbone took it into Europe.
Moat: narrow (installed base, regulatory licence, scale). Owning underlying telecom network infrastructure and 911 compliance capability differentiate it from pure API resellers.
Headquarters: Raleigh, North Carolina, United States · Founded: 1999 · Employees: 1,100
Size Bandwidth (BAND) is a United States Information Technology company (Packaged Software) with a market value of $1.31B, the 2079th largest of 3,117 United States companies the cockpit tracks. Shares closed at $40.34 on 6 Nov 2026.
Performance Over six months the shares fell 19.1%, against +9.3% for the median peer and -1.1% for the United States market (cap-weighted) — 5th lowest of 18 in its peer set.
Growth Revenue grew 15.1% over the last twelve months (peer median +10.7%); the operating margin is -1.3% (peer median 5.7%).
Valuation It trades at 19.6× forward earnings against a peer median of 16.8× (6th most expensive of 13).
Price implies For today's price to make sense, revenue must grow about 19% a year for seven years (Req g). Recent delivered growth is +17%, so the hurdle is +2 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 16.9 points below its cost of capital (15.7% WACC).
Credit Bandwidth has 1 bond outstanding ($316M).
Short interest Short interest is 16.9% of the free float (15 Oct 2026).
Next results Next results expected around 25 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $870M | $754M | $748M | $601M | $573M |
| Revenue growth | — | +1% | +25% | +5% | — |
| Gross profit | $293M | $270M | $257M | $219M | $224M |
| EBITDA | $58.9M | $42.8M | $32.8M | $15.6M | $18.3M |
| Net income | $8.75M | -$12.9M | -$6.52M | -$16.3M | $19.6M |
| Free cash flow | $87.2M | $56.5M | $58.0M | $18.4M | -$29.7M |
| Capital expenditure | $26.6M | $32.9M | $25.4M | $19.9M | $64.1M |
| Total debt | $533M | $480M | $504M | $645M | $493M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| Bandwidth BAND | $1.31B | -19% | +15% | -1% | 19.6× | 19.3% |
| Twilio TWLO | $31.3B | 0% | +19% | 8% | 30.7× | 38.2% |
| Telefonaktiebolaget LM Ericsson Sponsored ADR ERIC | $36.7B | -14% | +4% | 14% | 15.5× | -1.6% |
| RingCentral RNG | $6.09B | +58% | +5% | 9% | 13.3× | 15.2% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | BAND | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -22.4% | -3.5% | 4th lowest of 21 |
| 6-month return | -19.1% | +9.3% | 5th lowest of 18 |
| Distance from 52-week high | -49.0% | -29.6% | 4th lowest of 21 |
| Revenue growth (TTM) | +15.1% | +10.7% | 10th highest of 21 |
| Operating margin | -1.3% | 5.7% | 7th lowest of 21 |
| Forward P/E | 19.6× | 16.8× | 6th most expensive of 13 |
| Growth the price implies (Req g, 7 yrs) | 19.3% | 14.3% | 6th most demanding of 13 |
| Growth delivered (Del g) | +17.0% | +14.5% | 6th highest of 13 |
| Hurdle (Req g minus delivered) | +2.3 pp | -0.5 pp | 6th most demanding of 13 |
| ROIC minus cost of capital | -16.9 pp | -5.1 pp | 6th lowest of 21 |
| EV / EBITDA | 28.2× | 10.8× | 3rd most expensive of 10 |
| Net debt / EBITDA | 6.1× | -2.0× | 2nd most indebted of 13 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Bandwidth BAND | United States | $1.31B | -19% | +15% | -1% | 19.6× | 19.3% | +17.0% |
| Opera Limited Sponsored ADR OPRA | United States | $1.31B | -21% | +23% | 16% | 11.9× | 4.5% | +30.1% |
| Richinfo Technology 300634.SZ | China | $1.30B | -15% | -11% | 10% | 31.2× | 20.8% | +19.9% |
| CHAPTERS CHG.DE | Germany | $1.30B | +48% | +63% | -21% | 294.5× | 43.9% | +178.6% |
| Genimous Technology 000676.SZ | China | $1.30B | -7% | +3% | 6% | n/a | 14.1% | -17.5% |
| NSD 9759.T | Japan | $1.32B | +12% | +10% | 16% | 16.6× | -10.9% | +12.2% |
| Amagi Media Labs AMAGI.NS | India | $1.32B | +30% | +30% | 3% | 60.2× | n/a | n/a |
| Transwarp Technology (Shanghai) 6727.HK | Hong Kong | $1.33B | n/a | +32% | -50% | n/a | n/a | n/a |
| SHIFT UP 462870.KS | South Korea | $1.33B | -4% | -12% | 56% | 13.3× | -12.9% | +59.7% |
| Shenzhen HQVT Technology 1392.HK | Hong Kong | $1.28B | n/a | +28% | 5% | n/a | n/a | n/a |
| WeRide 0800.HK | Hong Kong | $1.33B | -47% | +109% | -221% | n/a | n/a | n/a |
| Corsair Gaming CRSR | United States | $1.28B | +63% | +3% | 3% | 16.1× | 24.3% | -2.9% |
| Mech-Mind Robotics Technologies 9615.HK | Hong Kong | $1.34B | n/a | +45% | -41% | n/a | n/a | n/a |
| Fengzhushou 301382.SZ | China | $1.28B | -32% | +28% | 8% | n/a | n/a | n/a |
| NCR Voyix VYX | United States | $1.35B | +17% | -5% | 7% | 9.9× | n/a | n/a |
| Hangzhou DPTech Technology 300768.SZ | China | $1.35B | -19% | -3% | 5% | 42.3× | 34.9% | +6.5% |
| Digital Turbine APPS | United States | $1.26B | +200% | +19% | 10% | 14.7× | 33.1% | +12.5% |
| Ibotta IBTA | United States | $1.37B | +19% | +2% | -3% | n/a | -1.1% | +17.6% |
| Datang Telecom Technology 600198.SS | China | $1.25B | -24% | -11% | -30% | n/a | n/a | n/a |
| Zensar Technologies ZENSARTECH.NS | India | $1.37B | +9% | +9% | 14% | 16.9× | 13.4% | +8.5% |
| Infomart 2492.T | Japan | $1.24B | +70% | +11% | 19% | 65.9× | 14.5% | +16.5% |
Bandwidth has 1 bond outstanding with $316M face value.