Bandwidth Inc

For the period ended Dec 31, 2024. Filed Feb 20, 2025.

About 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.

FY2024 · Filed Feb 20, 2025

BAND$43.57+4.1%Stored close · as of Nov 10, 2026

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Contents

Consolidated Statements of Operations

(In thousands, except share and per share amounts)

	Year ended December 31,
	2024	2023	2022
Revenue	$748,487	$601,117	$573,152
Cost of revenue	468,529	364,960	334,799
Gross profit	279,958	236,157	238,353
Operating expenses
Research and development	118,627	104,188	97,990
Sales and marketing	109,698	102,063	96,658
General and administrative	71,692	65,363	68,029
Total operating expenses	300,017	271,614	262,677
Operating loss	(20,059)	(35,457)	(24,324)
Other income:
Net gain on extinguishment of debt	10,267	12,767	40,205
Gain on business interruption insurance recoveries	—	4,000	—
Interest expense, net	(1,861)	(808)	(3,048)
Other income, net	2,700	195	4,473
Total other income	11,106	16,154	41,630
(Loss) income before income taxes	(8,953)	(19,303)	17,306
Income tax benefit	2,429	2,960	2,264
Net (loss) income	$(6,524)	$(16,343)	$19,570
Earnings per share:
Net (loss) income per share:
Basic	$(0.24)	$(0.64)	$0.77
Diluted	$(0.24)	$(0.64)	$(0.48)
Numerator used to compute net (loss) income per share:
Basic	$(6,524)	$(16,343)	$19,570
Diluted	$(6,524)	$(16,343)	$(14,897)
Weighted average number of common shares outstanding:
Basic	27,209,698	25,612,724	25,282,796
Diluted	27,209,698	25,612,724	30,907,869

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.