Bandwidth Inc.
For the period ended Dec 31, 2025. Filed Feb 19, 2026.
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FY2025 · Filed Feb 19, 2026
BAND$43.57+4.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 8. Consolidated Statements of Cash Flows
Consolidated Statements of Cash Flows
| Year ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Cash flows from operating activities | |||
| Net loss | $(12,912) | $(6,524) | $(16,343) |
| Adjustments to reconcile net loss to net cash provided by operating activities | |||
| Depreciation and amortization | 53,764 | 49,242 | 41,717 |
| Non-cash reduction to the right-of-use asset | 3,386 | 3,601 | 9,323 |
| Amortization of debt discount and issuance costs | 1,384 | 1,709 | 2,520 |
| Stock-based compensation | 52,332 | 48,362 | 36,992 |
| Deferred taxes and other | (2,131) | (4,452) | (5,942) |
| Gain on sale of intangible asset | — | (1,000) | — |
| Net gain on extinguishment of debt | (1,082) | (10,267) | (12,767) |
| Changes in operating assets and liabilities: | |||
| Accounts receivable | (3,956) | (8,725) | (3,454) |
| Prepaid expenses and other assets | (1,682) | 4,062 | 2,141 |
| Accounts payable | 13,070 | (4,639) | 5,385 |
| Accrued expenses and other liabilities | (10,737) | 18,108 | (10,592) |
| Operating right-of-use liability | (1,945) | (5,594) | (9,979) |
| Net cash provided by operating activities | 89,491 | 83,883 | 39,001 |
| Cash flows from investing activities | |||
| Purchase of property, plant and equipment | (22,261) | (13,986) | (9,257) |
| Refund of deposits for construction in progress | — | 2,707 | — |
| Capitalized software development costs | (10,680) | (11,394) | (10,642) |
| Purchase of marketable securities | (16,127) | (34,050) | (80,625) |
| Proceeds from sales and maturities of marketable securities | 9,650 | 53,502 | 130,120 |
| Proceeds from sale of business | 361 | 779 | 1,253 |
| Proceeds from sale of intangible assets | — | 1,000 | — |
| Net cash (used in) provided by investing activities | (39,057) | (1,442) | 30,849 |
| Cash flows from financing activities | |||
| Borrowings on line of credit | 28,500 | 206,500 | — |
| Repayments on line of credit | (28,500) | (206,500) | — |
| Payments on finance leases | (66) | (87) | (157) |
| Net cash paid for debt extinguishment | (26,144) | (128,534) | (51,259) |
| Payment of debt issuance costs | (25) | (524) | (710) |
| Proceeds from exercises of stock options | 109 | 167 | 413 |
| Value of equity awards withheld for tax liabilities | (2,942) | (2,295) | (1,062) |
| Net cash used in financing activities | (29,068) | (131,273) | (52,775) |
| Effect of exchange rate changes on cash, cash equivalents and restricted cash | (440) | (1,241) | 610 |
| Net increase (decrease) in cash, cash equivalents, and restricted cash | 20,926 | (50,073) | 17,685 |
| Cash, cash equivalents, and restricted cash, beginning of period | 82,234 | 132,307 | 114,622 |
| Cash, cash equivalents, and restricted cash, end of period | $103,160 | $82,234 | $132,307 |
| Reconciliation of cash, cash equivalents, and restricted cash, end of period | |||
| Cash and cash equivalents | $102,788 | $81,812 | $131,987 |
| Restricted cash included in prepaid expenses and other current assets | 372 | 422 | 320 |
| Total cash, cash equivalents, and restricted cash, end of period | $103,160 | $82,234 | $132,307 |
Consolidated Statements of Cash Flows
| Year ended December 31, | |||
|---|---|---|---|
| 2025 | 2024 | 2023 | |
| Supplemental disclosure of cash flow information | |||
| Cash (received from) paid for interest | $(182) | $691 | $(1,500) |
| Cash (refunded) paid for taxes | $(55) | $3,815 | $7,203 |
| Right-of-use assets obtained in exchange for new operating lease liabilities | $2,661 | $1,905 | $156,025 |
| Supplemental disclosure of noncash investing and financing activities | |||
| Purchase of property, plant and equipment, accrued but not paid | $6,607 | $11,447 | $6,871 |
| Purchase of property and equipment through lease incentive | $1,875 | $— | $57,329 |
| Purchase of property and equipment through use of escrow deposits | $— | $— | $20,674 |
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