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Bandwidth, Inc. BAND Messaging surcharges — Revenue

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Other financials

Income statement

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Revenue$208.8M+19.8%
Gross profit$77.9M+9.0%
Operating income-$4.6M+1.4%
Net income$4.1M+210%
EPS (diluted)-$0.08+38.5%

Balance sheet

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Cash & equivalents$47.5M+31.3%
Total debt$372.7M-22.2%
Total equity$405.7M+17.4%
Total assets$984.2M+2.1%

Cash flow

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Operating cash flow$8.8M+384%
CapEx$7.1M-3.7%
Free cash flow$1.7M+116%

Valuation

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Market cap$1.69B+49.2%
Enterprise value$2.01B+8.1%
P/S2.1×+0.6×

Profitability

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Gross margin38.2%+0.2pp
Operating margin-1.8%-0.1pp
Net margin-0.6%-0.9pp
FCF margin10.1%+2.0pp

Returns & leverage

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Return on equity-1.3%-2.0pp
Debt / equity0.9×-0.5×
Current ratio0.9×-0.4×

Where this comes from

Reported directly by Bandwidth, Inc. in its filing.

Tagged under the XBRL concept us-gaap:RevenueFromContractWithCustomerExcludingAssessedTax.

The official record: Bandwidth, Inc.’s 10-K, filed February 19, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Bandwidth, Inc.'s messaging surcharges — revenue?
Bandwidth, Inc. (BAND) reported messaging surcharges — revenue of $48.11M in Q4 2025.
How has Bandwidth, Inc.'s messaging surcharges — revenue changed year-over-year?
Bandwidth, Inc.'s messaging surcharges — revenue decreased by 7.8% year-over-year, from $52.18M to $48.11M.
What is the long-term trend for Bandwidth, Inc.'s messaging surcharges — revenue?
Over 4 years (2021 to 2025), Bandwidth, Inc.'s messaging surcharges — revenue has grown at a 47.0% compound annual growth rate (CAGR), from $41.25M to $192.44M.
What does messaging surcharges — revenue mean?
This metric represents the revenue generated from fees applied to messaging traffic, typically covering regulatory, carrier, or compliance-related costs passed through to customers. It reflects the company's ability to monetize the underlying infrastructure and regulatory complexities of its messaging platform services. Growth in this segment indicates increasing messaging volume or changes in the cost-recovery structure of the communications platform.