Bandwidth Inc
NASDAQ:BAND
Income Statement
Earnings Waterfall
Bandwidth Inc
Revenue
|
601.1m
USD
|
Cost of Revenue
|
-365m
USD
|
Gross Profit
|
236.2m
USD
|
Operating Expenses
|
-271.6m
USD
|
Operating Income
|
-35.5m
USD
|
Other Expenses
|
19.1m
USD
|
Net Income
|
-16.3m
USD
|
Income Statement
Bandwidth Inc
Jun-2017 | Sep-2017 | Dec-2017 | Mar-2018 | Jun-2018 | Sep-2018 | Dec-2018 | Mar-2019 | Jun-2019 | Sep-2019 | Dec-2019 | Mar-2020 | Jun-2020 | Sep-2020 | Dec-2020 | Mar-2021 | Jun-2021 | Sep-2021 | Dec-2021 | Mar-2022 | Jun-2022 | Sep-2022 | Dec-2022 | Mar-2023 | Jun-2023 | Sep-2023 | Dec-2023 | ||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Revenue | ||||||||||||||||||||||||||||
Revenue |
157
N/A
|
159
+2%
|
163
+2%
|
176
+8%
|
185
+5%
|
194
+5%
|
204
+5%
|
204
+0%
|
213
+4%
|
223
+5%
|
233
+4%
|
248
+7%
|
268
+8%
|
292
+9%
|
343
+17%
|
388
+13%
|
432
+11%
|
478
+11%
|
491
+3%
|
509
+4%
|
525
+3%
|
542
+3%
|
573
+6%
|
580
+1%
|
589
+2%
|
593
+1%
|
601
+1%
|
|
Gross Profit | ||||||||||||||||||||||||||||
Cost of Revenue |
(86)
|
(88)
|
(89)
|
(93)
|
(97)
|
(102)
|
(108)
|
(112)
|
(115)
|
(121)
|
(125)
|
(133)
|
(145)
|
(157)
|
(189)
|
(215)
|
(240)
|
(268)
|
(277)
|
(291)
|
(305)
|
(316)
|
(335)
|
(341)
|
(347)
|
(355)
|
(365)
|
|
Gross Profit |
70
N/A
|
72
+2%
|
74
+3%
|
83
+13%
|
88
+5%
|
92
+5%
|
96
+5%
|
93
-3%
|
98
+5%
|
102
+4%
|
108
+5%
|
115
+7%
|
123
+7%
|
135
+10%
|
154
+14%
|
173
+12%
|
192
+11%
|
210
+9%
|
214
+2%
|
218
+2%
|
220
+1%
|
226
+3%
|
238
+5%
|
239
+0%
|
242
+2%
|
238
-2%
|
236
-1%
|
|
Operating Income | ||||||||||||||||||||||||||||
Operating Expenses |
(54)
|
(57)
|
(59)
|
(65)
|
(73)
|
(80)
|
(89)
|
(101)
|
(111)
|
(120)
|
(125)
|
(130)
|
(135)
|
(140)
|
(167)
|
(184)
|
(201)
|
(220)
|
(216)
|
(227)
|
(239)
|
(248)
|
(263)
|
(268)
|
(270)
|
(271)
|
(272)
|
|
Selling, General & Administrative |
(44)
|
(46)
|
(48)
|
(53)
|
(58)
|
(62)
|
(68)
|
(75)
|
(81)
|
(88)
|
(92)
|
(95)
|
(97)
|
(100)
|
(109)
|
(118)
|
(126)
|
(135)
|
(133)
|
(139)
|
(143)
|
(144)
|
(153)
|
(155)
|
(156)
|
(157)
|
(154)
|
|
Research & Development |
(10)
|
(10)
|
(11)
|
(12)
|
(14)
|
(17)
|
(21)
|
(25)
|
(28)
|
(30)
|
(31)
|
(33)
|
(35)
|
(37)
|
(53)
|
(60)
|
(66)
|
(73)
|
(67)
|
(73)
|
(81)
|
(89)
|
(96)
|
(99)
|
(99)
|
(99)
|
(100)
|
|
Depreciation & Amortization |
0
|
(0)
|
(1)
|
(1)
|
(1)
|
(1)
|
(1)
|
(2)
|
(2)
|
(2)
|
(2)
|
(3)
|
(3)
|
(3)
|
(5)
|
(8)
|
(11)
|
(14)
|
(16)
|
(16)
|
(15)
|
(15)
|
(14)
|
(14)
|
(14)
|
(15)
|
(18)
|
|
Operating Income |
17
N/A
|
15
-8%
|
15
-3%
|
18
+24%
|
15
-16%
|
12
-20%
|
7
-43%
|
(8)
N/A
|
(13)
-64%
|
(18)
-37%
|
(17)
+1%
|
(15)
+15%
|
(11)
+24%
|
(5)
+58%
|
(14)
-181%
|
(11)
+21%
|
(9)
+11%
|
(10)
-11%
|
(2)
+79%
|
(9)
-318%
|
(19)
-109%
|
(22)
-12%
|
(24)
-13%
|
(29)
-21%
|
(28)
+5%
|
(32)
-17%
|
(35)
-9%
|
|
Pre-Tax Income | ||||||||||||||||||||||||||||
Interest Income Expense |
0
|
0
|
(2)
|
0
|
0
|
0
|
0
|
0
|
0
|
0
|
2
|
0
|
0
|
0
|
(14)
|
0
|
0
|
0
|
(29)
|
0
|
0
|
0
|
(3)
|
0
|
0
|
0
|
(1)
|
|
Non-Reccuring Items |
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(0)
|
0
|
0
|
0
|
(1)
|
0
|
0
|
0
|
40
|
53
|
57
|
57
|
16
|
|
Total Other Income |
(2)
|
(2)
|
0
|
1
|
2
|
2
|
0
|
1
|
1
|
2
|
0
|
1
|
(3)
|
(8)
|
(2)
|
(20)
|
(24)
|
(27)
|
0
|
(23)
|
(13)
|
(6)
|
5
|
1
|
(2)
|
(1)
|
1
|
|
Pre-Tax Income |
15
N/A
|
13
-12%
|
13
+1%
|
17
+31%
|
15
-12%
|
13
-15%
|
7
-44%
|
(7)
N/A
|
(12)
-58%
|
(16)
-34%
|
(15)
+3%
|
(13)
+12%
|
(14)
-7%
|
(13)
+10%
|
(29)
-125%
|
(31)
-6%
|
(33)
-8%
|
(38)
-13%
|
(31)
+17%
|
(32)
-3%
|
(32)
N/A
|
(27)
+15%
|
17
N/A
|
24
+41%
|
27
+12%
|
24
-13%
|
(19)
N/A
|
|
Net Income | ||||||||||||||||||||||||||||
Tax Provision |
8
|
8
|
(5)
|
(6)
|
5
|
8
|
11
|
21
|
18
|
19
|
18
|
13
|
(10)
|
(13)
|
(15)
|
(17)
|
(1)
|
(2)
|
4
|
3
|
4
|
5
|
2
|
6
|
5
|
4
|
3
|
|
Income from Continuing Operations |
23
|
20
|
8
|
11
|
20
|
21
|
18
|
14
|
7
|
3
|
3
|
(1)
|
(25)
|
(26)
|
(44)
|
(48)
|
(35)
|
(39)
|
(27)
|
(29)
|
(28)
|
(22)
|
20
|
30
|
32
|
28
|
(16)
|
|
Net Income (Common) |
20
N/A
|
18
-8%
|
5
-71%
|
9
+68%
|
18
+99%
|
19
+6%
|
18
-5%
|
14
-23%
|
7
-51%
|
3
-52%
|
3
-22%
|
(1)
N/A
|
(25)
-4 017%
|
(26)
-6%
|
(44)
-69%
|
(48)
-10%
|
(35)
+28%
|
(39)
-13%
|
(27)
+30%
|
(29)
-5%
|
(28)
+2%
|
(22)
+22%
|
20
N/A
|
30
+53%
|
32
+8%
|
28
-13%
|
(16)
N/A
|
|
EPS (Diluted) |
0.84
N/A
|
1.37
+63%
|
0.36
-74%
|
0.43
+19%
|
0.84
+95%
|
0.89
+6%
|
0.85
-4%
|
0.64
-25%
|
0.28
-56%
|
0.12
-57%
|
0.1
-17%
|
-0.02
N/A
|
-1.02
-5 000%
|
-1.08
-6%
|
-1.83
-69%
|
-1.92
-5%
|
-1.37
+29%
|
-1.55
-13%
|
-1.09
+30%
|
-1.16
-6%
|
-1.13
+3%
|
-0.88
+22%
|
0.63
N/A
|
1.02
+62%
|
1.26
+24%
|
1.09
-13%
|
-0.64
N/A
|