BANDBandwidth Inc.
Services-Prepackaged Software
- Revenue
- $754M
- 0.7% YoY
- Operating margin
- -1.9%
- 29% YoY
- EBITDA
- $21M
- 82% YoY
- Market cap
- —
- Employees
- —
- Net debt / EBITDA
- -8.0×
- −$171M net debt
- AI in 10-K
- —
Red flags 0 of 9
- TSR below peersClear—3+ of last 5 years
- High CEO pay despite TSRClear—Median CEO pay ≥ $15M and TSR flag
- Active 13DClear0 filingsActive-intent 13D in 18 months
- Net insider sellingClear$0 netNet sales over $10M in 12 months
- Earnings not backed by cashClear—Cash flow under 80% of net income
- Dilutive SBCClear7% of revenueOver 10% of revenue
- Payouts exceed cash flowClear0% of cash flowBuybacks + dividends over cash flow
- Goodwill-heavyClear32% of assetsOver 40% of assets
- Shareholder dissentClear—Any vote under 80% support
Financials
| Metric | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | YoY |
|---|---|---|---|---|---|---|
| Revenue | $491M | $573M | $601M | $748M | $754M | 0.7% |
| Operating income | −$2M | −$24M | −$35M | −$20M | −$14M | 28% |
| Net income | −$27M | $20M | −$16M | −$7M | −$13M | 98% |
| Operating cash flow | $41M | $35M | $39M | $84M | $89M | 6.7% |
| Stock-based comp | $15M | $21M | $37M | $48M | $52M | 8.2% |
Deal filings
None.
13D filers
None on file.
Insider trading
- Open-market buys, 12 mo
- $0 · 0
- Open-market sells, 12 mo
- $146K · 2
- Net
- −$146K
Pay vs performance
| Year | CEO total comp | Comp actually paid | TSR (indexed) | Peer TSR |
|---|---|---|---|---|
| FY2025 | $8M | $8M | 10 | 248 |
| FY2024 | $2M | $2M | 11 | 201 |
| FY2023 | $2M | $1M | 9 | 148 |
| FY2022 | $5M | $1M | 15 | 95 |
| FY2021 | $3M | −$671K | 47 | 133 |