Bandwidth Inc
For the period ended Dec 31, 2023. Filed Feb 28, 2024.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2023 · Filed Feb 28, 2024
BAND$43.57+4.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Changes in Stockholders’ Equity
(In thousands, except share amounts)
| Class A votingcommon stock · Class B votingcommon stock · Additional paid-in capital · Accumulated other comprehensive income (loss) · Accumulated deficit · Total stockholders’ equity | ||||||||
|---|---|---|---|---|---|---|---|---|
| Shares · Amount · Shares · Amount | ||||||||
| Balance at December 31, 2020 | 22,413,004 | $22 | 2,496,125 | $2 | $451,463 | $27,941 | $(49,505) | $429,923 |
| Issuance of debt conversion option | — | — | — | — | 66,908 | — | — | 66,908 |
| Debt conversion option issuance costs, net of tax | — | — | — | — | (2,019) | — | — | (2,019) |
| Capped call option purchase price | — | — | — | — | (25,500) | — | — | (25,500) |
| Exercises of vested stock options | 73,985 | — | — | — | 923 | — | — | 923 |
| Vesting of restricted stock units | 186,502 | — | — | — | — | — | — | — |
| Equity awards withheld for tax liability | (26,458) | — | — | — | (3,835) | — | — | (3,835) |
| Conversion of Class B voting common stock to Class A voting common stock | 530,955 | 1 | (530,955) | — | — | — | — | 1 |
| Foreign currency translation | — | — | — | — | — | (41,150) | — | (41,150) |
| Unrealized gain on employee benefit pension plan | — | — | — | — | — | 169 | — | 169 |
| Stock-based compensation | — | — | — | — | 14,537 | — | — | 14,537 |
| Net loss | — | — | — | — | — | — | (27,362) | (27,362) |
| Balance at December 31, 2021 | 23,177,988 | 23 | 1,965,170 | 2 | 502,477 | (13,040) | (76,867) | 412,595 |
| Exercises of vested stock options | 20,468 | — | — | — | 163 | — | — | 163 |
| Vesting of restricted stock units | 231,234 | — | — | — | — | — | — | — |
| Equity awards withheld for tax liability | (50,690) | — | — | — | (2,134) | — | — | (2,134) |
| Adjustment to opening retained earnings due to adoption of ASU 2020-06 | — | — | — | — | (156,248) | — | 8,750 | (147,498) |
| Unrealized gain on marketable securities | — | — | — | — | — | 314 | — | 314 |
| Foreign currency translation | — | — | — | — | — | (31,855) | — | (31,855) |
| Unrealized gain on employee benefit pension plan | — | — | — | — | — | 367 | — | 367 |
| Stock-based compensation | — | — | — | — | 20,655 | — | — | 20,655 |
| Net income | — | — | — | — | — | — | 19,570 | 19,570 |
| Balance at December 31, 2022 | 23,379,000 | 23 | 1,965,170 | 2 | 364,913 | (44,214) | (48,547) | 272,177 |
| Exercises of vested stock options | 61,349 | — | — | — | 414 | — | — | 414 |
| Vesting of restricted stock units | 804,962 | 1 | — | — | — | — | — | 1 |
| Equity awards withheld for tax liability | (46,313) | — | — | — | (941) | — | — | (941) |
| Conversion of Class B voting common stock to Class A voting common stock | 7,142 | — | (7,142) | — | — | — | — | — |
| Unrealized loss on marketable securities | — | — | — | — | — | (248) | — | (248) |
| Foreign currency translation | — | — | — | — | — | 15,698 | — | 15,698 |
| Unrealized loss on employee benefit pension plan | — | — | — | — | — | (30) | — | (30) |
| Stock-based compensation | — | — | — | — | 26,662 | — | — | 26,662 |
Consolidated Statements of Changes in Stockholders’ Equity
(In thousands, except share amounts)
| Class A votingcommon stock · Class B votingcommon stock · Additional paid-in capital · Accumulated other comprehensive income (loss) · Accumulated deficit · Total stockholders’ equity | ||||||||
|---|---|---|---|---|---|---|---|---|
| Shares · Amount · Shares · Amount | ||||||||
| Net loss | — | — | — | — | — | — | (16,343) | (16,343) |
| Balance at December 31, 2023 | 24,206,140 | $24 | 1,958,028 | $2 | $391,048 | $(28,794) | $(64,890) | $297,390 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.