Bandwidth Inc

For the period ended Dec 31, 2023. Filed Feb 28, 2024.

About this filing

A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.

FY2023 · Filed Feb 28, 2024

BAND$41.86+3.8%Stored close · as of Nov 9, 2026

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Contents

Consolidated Statements of Operations

(In thousands, except share and per share amounts)

	Year ended December 31,
	2023	2022	2021
Revenue	$601,117	$573,152	$490,907
Cost of revenue	364,960	334,799	277,094
Gross profit	236,157	238,353	213,813
Operating expenses
Research and development	104,188	97,990	69,505
Sales and marketing	102,063	96,658	82,333
General and administrative	65,363	68,029	64,212
Total operating expenses	271,614	262,677	216,050
Operating loss	(35,457)	(24,324)	(2,237)
Other income (expense), net:
Net gain on extinguishment of debt	12,767	40,205	—
Gain on business interruption insurance recoveries	4,000	—	—
Interest expense, net	(808)	(3,048)	(28,784)
Other income (expense), net	195	4,473	(174)
Total other income (expense), net	16,154	41,630	(28,958)
(Loss) income before income taxes	(19,303)	17,306	(31,195)
Income tax benefit	2,960	2,264	3,833
Net (loss) income	$(16,343)	$19,570	$(27,362)
Earnings per share:
Net (loss) income per share:
Basic	$(0.64)	$0.77	$(1.09)
Diluted	$(0.64)	$(0.48)	$(1.09)
Numerator used to compute net (loss) income per share:
Basic	$(16,343)	$19,570	$(27,362)
Diluted	$(16,343)	$(14,897)	$(27,362)
Weighted average number of common shares outstanding:
Basic	25,612,724	25,282,796	25,090,916
Diluted	25,612,724	30,907,869	25,090,916

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.