Pulling SEC filings + quote and writing the call…
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $152M | $163M | $204M | $233M | $343M | $491M | $573M | $601M | $748M | $754M |
| Revenue growth | — | 7.1% | 25.3% | 14.0% | 47.5% | 43.1% | 16.8% | 4.9% | 24.5% | 0.7% |
| Gross profit | $66.9M | $73.7M | $96.0M | $108M | $154M | $214M | $238M | $236M | $280M | $295M |
| Gross margin | 44.0% | 45.2% | 47.0% | 46.3% | 44.9% | 43.6% | 41.6% | 39.3% | 37.4% | 39.1% |
| Operating income | $15.2M | $14.6M | $6.75M | -$17.7M | -$13.5M | -$2.24M | -$24.3M | -$35.5M | -$20.1M | -$14.4M |
| Operating margin | 10.0% | 9.0% | 3.3% | -7.6% | -3.9% | -0.5% | -4.2% | -5.9% | -2.7% | -1.9% |
| Net income | $22.4M | $5.97M | $17.9M | $2.49M | -$44.0M | -$27.4M | $19.6M | -$16.3M | -$6.52M | -$12.9M |
| Net margin | 14.7% | 3.7% | 8.8% | 1.1% | -12.8% | -5.6% | 3.4% | -2.7% | -0.9% | -1.7% |
| EPS (diluted) | $1.51 | $0.37 | $0.85 | $0.10 | -$1.83 | -$1.09 | -$0.48 | -$0.64 | -$0.24 | -$0.43 |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $5.15M | $14.6M | $24.6M | -$1.25M | $4.52M | $40.8M | $34.9M | $39.0M | $83.9M | $89.5M |
| Capital expenditures | $3.83M | $5.02M | $12.4M | $22.2M | $12.3M | — | — | — | — | — |
| Free cash flow | $1.32M | $9.60M | $12.2M | -$23.5M | -$7.75M | — | — | — | — | — |
| Fiscal year | FY2016 | FY2017 | FY2018 | FY2019 | FY2020 | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & equivalents | $6.79M | $37.6M | $41.3M | $184M | $72.2M | $331M | $114M | $132M | $81.8M | $103M |
| Total assets | $70.0M | $104M | $150M | $341M | $891M | $1.07B | $929M | $1.10B | $989M | $1.05B |
| Total liabilities | $70.5M | $27.8M | $41.6M | $71.3M | $461M | $653M | $657M | $804M | $677M | $653M |
| Long-term debt | — | — | — | $0.00 | $282M | $486M | $481M | $419M | $281M | $248M |
| Shareholders' equity | -$22.4M | $76.7M | $109M | $270M | $430M | $413M | $272M | $297M | $313M | $400M |
| Retained earnings | -$31.7M | -$25.8M | -$7.85M | -$5.53M | -$49.5M | -$76.9M | -$48.5M | -$64.9M | -$71.4M | -$84.3M |
| Shares (wtd avg diluted) | 12.9M | 14.5M | 21.1M | 23.9M | 24.1M | 25.1M | 30.9M | 25.6M | 27.2M | 30.0M |
Every figure is extracted from Bandwidth Inc.’s annual reports as filed with the SEC (XBRL company facts) — no third-party estimates. Fiscal years are labeled by period end; filers occasionally re-tag concepts, so a sparse cell means the company didn’t report that concept for that year. Free cash flow = operating cash flow − capital expenditures.
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