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Bandwidth, Inc. BAND Q1 2024 earnings

Reported May 7, 2024 · Before market open

Revenue$171.0MMiss by $2.3M
EPS$0.27Beat by $0.06
Revenue estimate$173.3M
EPS estimate$0.21

Next report

Jul 29, 2026 (Today)
Revenue estimate$217.0M
EPS estimate$0.36
View report

Financials

Q1 2024

Income statement

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Revenue$171.0M+24.1%
Gross profit$65.5M+17.7%
Operating income-$10.4M+11.4%
Net income-$9.2M-356%
EPS (diluted)-$0.35-25.0%

Balance sheet

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Cash & equivalents$105.6M+23.5%
Total debt$643.8M+50.5%
Total equity$298.2M+3.0%
Total assets$1.1B+26.1%

Cash flow

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Operating cash flow$2.5M+139%
CapEx$3.3M+14.8%
Free cash flow-$851.0K+90.8%

Valuation & ratios

Valuation

as of 03/31/24
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Market cap$479.7M+24.0%
Enterprise value$1.02B+39.6%
P/S0.8×+0.1×

Profitability

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Gross margin38.8%-2.4pp
Operating margin-5.4%+0.4pp
Net margin-4.6%-9.8pp
FCF margin6%

Returns & leverage

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Return on equity-9.9%-21.0pp
Debt / equity2.2×+0.7×
Current ratio2.4×+0.2×

Segments

By product

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Messaging surcharges$52.2M+70.8%

Versus estimates

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Questions, answered.

When did Bandwidth, Inc. report Q1 2024 earnings?
Bandwidth, Inc. (BAND) reported Q1 2024 earnings on May 7, 2024 before market open.
What were Bandwidth, Inc.'s Q1 2024 revenue and EPS?
Bandwidth, Inc. reported revenue of $171.0M and eps of $0.27 for Q1 2024.
Did Bandwidth, Inc. beat estimates in Q1 2024?
Revenue missed the consensus estimate of $173.3M by $2.3M. EPS beat the consensus estimate of $0.21 by $0.06.
Where can I find Bandwidth, Inc.'s Q1 2024 SEC filings?
You can read the 10-Q periodic report (0001514416-24-000083) directly on SEC EDGAR. The filing index links above go to sec.gov.