BAND
Bandwidth Inc.15.00
+0.14+0.94%
Dec 16, 4:00:01 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A reaffirms growth, details AI moats
Q&A clarified Enterprise Voice's Q4 growth ticked down on tough comps from prior-year ramps, but management expects healthy acceleration in 2026 from recent $1M+ deal deployments. Political messaging should contribute just 2.5% to cloud revenue, ramping mid-summer. Carrier surcharge hikes bridge the 16% total revenue vs. 10% cloud comms growth gap—pure pass-throughs. No Twilio Voice threat; wins displaced Verizon and AT&T. Maestro's orchestration shines in AI integrations like Google for insurance. Global infrastructure moat is "a mile wide, filled with oil and lit on fire." 2026 tests AI voice inflection. Watch enterprise ramps.
Key Stats
Market Cap
457.82MP/E (TTM)
-Basic EPS (TTM)
-0.39Dividend Yield
0%Recent Filings
8-K
Repurchases $100M notes at discount
Bandwidth struck privately negotiated deals to repurchase $100 million of its 0.50% Convertible Senior Notes due 2028 at a discount to par, payable in cash, with closings expected March 4, 2026. This slashes outstanding principal to $150 million from $250 million initial, while fully retiring the matured 0.25% 2026 notes with cash on hand. Debt simplified. Balance sheet strengthens amid profitability surge.
10-K
FY2025 results
Bandwidth delivered FY2025 revenue of $754M, up 1% y/y, with cloud communications rising 4% to $561M on 8% Global Voice Plans growth and 21% Enterprise Voice acceleration via Maestro, yet Programmable Messaging fell 13% post-election. Q4 momentum shone through voice scale, lifting gross margin to 39% from 37% amid messaging normalization; operating loss narrowed to $14M. Free cash flow hit $57M. $80M buyback authorized February 2026. Customer concentration risk looms large.
8-K
Record EBITDA, $80M buyback
Bandwidth reported Q4 2025 revenue of $208M, slightly below $210M in 2024, yet hit record Adjusted EBITDA of $25M and free cash flow of $31M. Board authorized $80M share repurchases, signaling cash confidence. Guides 2026 revenue to $864-884M with 29% Adjusted EBITDA growth. Strong enterprise wins fuel AI voice momentum.
8-K
Director Murdock resigns Dec 31
8-K
Q3 revenue flat, EBITDA steady
Bandwidth reported Q3 revenue of $192M, flat year-over-year, with Adjusted EBITDA steady at $24M amid core voice and AI momentum. Key wins included AI voice systems for digital commerce and cloud migrations for finance and logistics. Raised full-year Adjusted EBITDA guidance to $89-92M. Execution sharpens outlook.
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