BAND FINANCIAL STATEMENTS

Bandwidth Inc — balance sheet, income statement and cash flow trends

BANDBandwidth Inc

🇺🇸 USA · NASDAQ · Technology · Software - Infrastructure

Value it Duel

Income Statement

Quarterly progression — trailing-twelve-month values

RevenueNet Income

Profit Funnel

Q1 2026 · TTM

Percentages are relative to revenue.

Key Figures

YoY change

Revenue788.4 M $+4.9%

Gross Profit288.5 M $+0.9%

Operating Income-14.3 M $—

EBITDA53.3 M $-10.8%

Net Income-5.1 M $—

Peer Comparison· Software - Infrastructure

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
BAND	4.9%	36.6%	6.8%	-0.6%
BB	4.8%	76.0%	15.8%	10.3%
ATATP	157.2%	86.3%	73.6%	36.7%
ARDYZ	100.3%	45.3%	43.5%	13.3%
ADYEN	25.2%	73.1%	54.0%	42.1%
KRONT	41.0%	90.2%	51.7%	23.2%
Industry median	10.2%	70.5%	17.8%	8.9%

Company	Rev. Growth	Gross Margin	EBITDA Margin	Net Margin
BAND	4.9%	36.6%	6.8%	-0.6%
FIVN	9.3%	55.1%	15.8%	4.9%
EVTC	9.4%	46.4%	36.7%	13.9%
APPN	20.4%	73.8%	4.6%	0.1%
RAMP	9.0%	70.7%	13.3%	18.0%
FLYW	32.5%	58.3%	10.7%	4.5%
Industry median	10.2%	70.5%	17.8%	8.9%

Balance Sheet

Quarterly period-end values

Total AssetsTotal LiabilitiesEquity

Capital Structure

Q1 2026

Equity405.7 M $41%
Current Liabilities182.5 M $19%
Long-term Liabilities396 M $40%

Key Figures

YoY change

Total Assets984.2 M $+2.1%

Total Liabilities578.5 M $-6.5%

Total Equity405.7 M $+17.4%

Cash & ST Investments50.3 M $+20.6%

Total Debt423.2 M $-11.7%

Net Debt375.9 M $-15.2%

Peer Comparison· Software - Infrastructure

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
BAND	0.94	104.3%	7.00	41.2%
BB	2.20	29.5%	-1.41	60.5%
ATATP	2.17	0.8%	-0.09	91.7%
ARDYZ	1.16	24.4%	0.54	68.2%
ADYEN	168.11	4.8%	-7.76	43.1%
KRONT	1.10	11.4%	-0.10	62.7%
Industry median	1.43	25.1%	-0.02	34.8%

Company	Current Ratio	Debt/Equity	NetDebt/EBITDA	Equity/Assets
BAND	0.94	104.3%	7.00	41.2%
FIVN	4.51	96.5%	0.41	44.5%
EVTC	1.97	169.8%	2.42	29.1%
APPN	1.13	-500.6%	2.54	-9.5%
RAMP	2.47	3.0%	-3.30	75.1%
FLYW	1.75	0.2%	-4.44	73.3%
Industry median	1.43	25.1%	-0.02	34.8%

Cash Flow Statement

Quarterly progression — trailing-twelve-month values

Operating Cash FlowCapital ExpendituresFree Cash Flow

Cash Flow Bridge

Q1 2026 · TTM

Key Figures

YoY change

Operating Cash Flow101.4 M $+29.4%

Capital Expenditures24.4 M $-5.5%

Free Cash Flow76.9 M $+46.6%

Dividends Paid——

Peer Comparison· Software - Infrastructure

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
BAND	12.9%	9.8%	3.1%	-2,005.7%
BB	12.7%	11.7%	1.3%	122.9%
ATATP	14.5%	-9.7%	12.9%	39.4%
ARDYZ	19.1%	-8.7%	39.2%	143.9%
ADYEN	40.8%	-15.9%	4.0%	97.0%
KRONT	54.1%	5.4%	52.3%	233.6%
Industry median	23.2%	17.1%	2.9%	143.9%

Company	CF Margin	FCF Margin	CapEx Ratio	CF/Net Income
BAND	12.9%	9.8%	3.1%	-2,005.7%
FIVN	20.6%	16.7%	3.9%	422.2%
EVTC	23.2%	15.6%	7.6%	166.3%
APPN	8.7%	8.4%	0.4%	7,540.7%
RAMP	20.8%	20.7%	0.1%	115.7%
FLYW	24.1%	23.1%	1.0%	540.9%
Industry median	23.2%	17.1%	2.9%	143.9%

Amounts are in the company’s reporting currency. Peer comparison tables use ratio-based metrics so currency differences do not distort the picture.

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Data on this page refreshes once per day. Price data as of Jul 6, 26. This content is for informational purposes only and is not investment advice.