Bandwidth
Powers enterprise voice, messaging, emergency calling, and AI workflows over an owned global network.
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Profile
Sells APIs and network services for enterprise voice, messaging, phone numbers, emergency calling, and AI-enabled communications. Revenue comes mainly from usage on an owned-and-operated global network, with voice contributing most and messaging the balance.
Provides cloud communications and network services that enterprises and software platforms use to embed calling, text messaging, emergency services, and AI-enabled voice into applications. Global Voice Plans connects unified-communications and contact-center platforms; Enterprise Voice and Maestro handle cloud migrations, call-flow orchestration, integrations, and AI agents. Programmable Messaging supports SMS, MMS, RCS, alerts, authentication, and customer engagement, while Phone Numbers automates ordering, porting, and provisioning.
Runs APIs on an owned-and-operated, all-IP Communications Cloud with reach across North America, Europe, and Asia-Pacific. Direct control of network and numbering resources supports routing, onboarding, reliability, and regulatory execution across markets; voice supplies most revenue, while messaging contributes the rest.
Operates as a single reportable segment and sells through usage-based and contracted enterprise relationships. Service delivery depends on network uptime, carrier interconnections, numbering resources, licenses, emergency-calling obligations, and evolving telecommunications, messaging, privacy, and AI rules.
Company facts
Categories
Key statistics
Year to date +245% · Average volume (30d) 1.0M
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Rating | Prior target | Target |
|---|---|---|---|---|---|
| Aug 19, 2026 | Piper Sandler | Reiterate | Neutral | $19 | $52 |
| Jul 9, 2026 | B.Riley Financial | Target | $85 | ||
| May 14, 2026 | Needham | Reiterate | Buy | $60 | |
| Oct 31, 2025 | Robert W. Baird | Target | $19 | $16 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 29, 2026Q2 FY26 | $0.37 | $0.37 | +1.3% | $217.6M | $220.0M | +1.1% | −29.28% |
| Apr 30, 2026Q1 FY26 | $0.32 | $0.38 | +18.8% | $201.6M | $208.8M | +3.6% | +21.87% |
| Feb 19, 2026Q4 FY25 | $0.35 | $0.35 | 0.0% | $208.3M | $207.7M | −0.3% | +3.99% |
| Oct 30, 2025Q3 FY25 | $0.38 | $0.36 | −5.3% | $208.3M | $191.9M | −7.9% | +0.25% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $174.2M | $180.0M | $191.9M | $207.7M | $208.8M | $219.9M | |
| Gross profit | $71.5M | $71.7M | $73.8M | $78.1M | $77.9M | $78.5M | |
| Operating income | −$4.7M | −$3.7M | −$2.0M | −$3.9M | −$4.6M | −$4.6M | |
| Net income | −$3.7M | −$4.9M | −$1.2M | −$3.0M | $4.1M | $2.4M | |
| Diluted EPS | −$0.13 | −$0.16 | −$0.04 | −$0.10 | −$0.08 | −$0.07 | |
| Gross margin | 41.0% | 39.8% | 38.5% | 37.6% | 37.3% | 35.7% | |
| Operating margin | -2.7% | -2.1% | -1.0% | -1.9% | -2.2% | -2.1% |
Fiscal years (4-quarter sums)FY21 $490.9M · FY22 $573.2M · FY23 $601.1M · FY24 $748.5M · FY25 $753.8M
Revenue by product · FY25
Revenue by geography · Q2 FY26
Balance sheet, Jun 30, 2026Cash & short-term investments $174.36B · Total debt $554.42B · Total assets $1.10T · Shareholders' equity $378.17B
Dividends
No dividends on record.
Ownership
Shares outstanding 32.18M · Float 29.14M · 90.5% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 2.46M | 7.66% | 13F | Aug 7, 2026 |
| Hood River Capital Management LLC | 2.30M | 7.64% | 13G | Aug 14, 2026 |
| Driehaus Capital Management LLC | 1.39M | 4.32% | 13F | Aug 14, 2026 |
| D. E. Shaw & Co., Inc. | 1.31M | 4.07% | 13F | Aug 14, 2026 |
| Vanguard Capital Management LLC | 1.28M | 3.99% | 13F | Aug 13, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| Aug 17, 2026 | Douglas A. Suriano | director | −4,000 | $53.09 |
| Aug 10, 2026 | Devesh Agarwal | officer: Chief Operating Officer | −3,173 | $50.45 |
| Jun 12, 2026 | Devin M. Krupka | officer: Controller, PAO | −14,413 | $65.45 |
| Jun 5, 2026 | Richard Brandon Asbill | officer: General Counsel | −29,214 | $72.03 |
| May 29, 2026 | David A. Morken | director, officer: Chairman & CEO | −4,632 | $58.85 |
Peers
- Twilio
Broad CPaaS leader across messaging, voice, email, and identity
- Ericsson (ADR)
Listed parent for Vonage CPaaS, UCaaS, CCaaS, and network APIs
- Cisco Systems
Enterprise CPaaS overlap through Webex Connect messaging and voice
- RingCentral
Cloud communications platform with programmable voice, SMS, and CX APIs
- 8x8
Integrated CX platform with CPaaS APIs for SMS, voice, and video
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Bandwidth | $48.67 | −0.73% | $1.58B | — | 25.8 | 1.9 | +22.2% |
| Twilio | $237.78 | +0.02% | $36.09B | 33.1 | 38.6 | 6.5 | +22.0% |
| Ericsson (ADR) | $9.91 | −0.35% | $32.67B | 12.9 | 20.2 | 1.4 | −6.7% |
| Cisco Systems | $109.95 | +0.01% | $433.28B | 33.0 | 21.4 | 6.8 | +17.6% |
| RingCentral | $69.20 | −0.25% | $5.98B | 55.5 | 13.1 | 2.3 | +5.9% |
| 8x8 | $1.99 | +0.25% | $282.1M | 62.4 | 5.5 | 0.4 | +4.8% |
| Median | 33.1 | 20.2 | 2.3 | +5.9% |