Bandwidth Inc.
For the period ended Dec 31, 2025. Filed Feb 19, 2026.
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FY2025 · Filed Feb 19, 2026
BAND$43.57+4.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
(In thousands, except share and per share amounts)
| Year ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Revenue | $753,817 | $748,487 | $601,117 |
| Cost of revenue | 458,766 | 468,529 | 364,960 |
| Gross profit | 295,051 | 279,958 | 236,157 |
| Operating expenses: | |||
| Research and development | 132,517 | 118,627 | 104,188 |
| Sales and marketing | 101,683 | 109,698 | 102,063 |
| General and administrative | 75,220 | 71,692 | 65,363 |
| Total operating expenses | 309,420 | 300,017 | 271,614 |
| Operating loss | (14,369) | (20,059) | (35,457) |
| Other (expense) income, net: | |||
| Net gain on extinguishment of debt | 1,082 | 10,267 | 12,767 |
| Gain on business interruption insurance recoveries | — | — | 4,000 |
| Interest expense, net | (2,028) | (1,861) | (808) |
| Other (expense) income, net | (1,276) | 2,700 | 195 |
| Total other (expense) income, net | (2,222) | 11,106 | 16,154 |
| Loss before income taxes | (16,591) | (8,953) | (19,303) |
| Income tax benefit | 3,679 | 2,429 | 2,960 |
| Net loss | $(12,912) | $(6,524) | $(16,343) |
| Earnings per share: | |||
| Net loss per share, basic and diluted | $(0.43) | $(0.24) | $(0.64) |
| Weighted average number of common shares outstanding, basic and diluted | 29,996,861 | 27,209,698 | 25,612,724 |
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