Welcome to our dedicated page for Bandwidth SEC filings (Ticker: BAND), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Bandwidth Inc. filings document formal disclosures for a global cloud communications company, including material-event reports on quarterly and annual operating results and proxy materials covering governance, executive compensation, equity awards and shareholder voting matters.
The filing record also addresses capital-structure and capital-allocation actions such as share repurchases and debt retirement, along with financial-condition disclosures tied to the company’s Communications Cloud, voice, messaging and emergency-services business.
Bandwidth Inc. reported essentially flat 2025 revenue of $753.8 million versus $748.5 million, but improved profitability and cash generation. GAAP net loss was $12.9 million, narrowing per share loss to $0.43. Adjusted EBITDA rose to $93.3 million and free cash flow was $56.6 million.
In the fourth quarter, revenue was $207.7 million with GAAP gross margin of 38% and record Adjusted EBITDA of $24.8 million and free cash flow of $31.1 million. For 2026, Bandwidth guides to revenue of $864–$884 million and Adjusted EBITDA of $117–$123 million, implying about 16% revenue growth and 29% Adjusted EBITDA growth, with non‑GAAP EPS of $1.66–$1.74.
The board also authorized a share repurchase program of up to $80 million of Class A common stock, reflecting confidence in the company’s cash generation and outlook while it continues investing in AI‑driven voice and cloud communications offerings.
Bandwidth Inc. officer Devin M. Krupka reported routine equity transactions. On January 3, 2026, 352 shares of Class A Common Stock were acquired at $0 upon vesting of Restricted Stock Units, increasing his direct holdings to 26,780 shares. On the same date, 119 shares were disposed of at $14.22, likely to cover taxes, leaving 26,661 Class A shares directly owned.
The derivative table shows 352 Restricted Stock Units converted into an equal number of common shares at no cost, reducing the remaining units from this grant to zero. Footnotes explain that each unit equals one share and that 1,407 units were originally granted on January 3, 2022, vesting in four equal annual installments beginning January 3, 2023.
Bandwidth Inc. insider Rebecca Bottorff, a director and Chief People Officer, reported equity award activity on January 3, 2026. She exercised 1,556 Restricted Stock Units, receiving the same number of shares of Class A common stock at an exercise price of $0. To cover taxes, 525 shares of Class A common stock were withheld and disposed of at a price of $14.22 per share. After these transactions, Bottorff directly held 54,383 shares of Bandwidth Inc. Class A common stock.
Bandwidth Inc. Chief Financial Officer Daryl E. Raiford reported equity award activity involving Restricted Stock Units and Class A Common Stock. On January 3, 2026, he converted 2,195 Restricted Stock Units into an equal number of Class A shares at $0 per share, then had 651 shares withheld at $14.22 per share, leaving 93,360 Class A shares directly owned after those steps. The same day, he converted another 2,179 Restricted Stock Units into Class A shares at $0, with 647 shares withheld at $14.22, resulting in 94,892 Class A shares directly owned afterward.
Each Restricted Stock Unit represents a contingent right to receive one Class A share, and these units were originally granted on January 3, 2022, with vesting spread over quarterly and annual installments through 2024 for the 13,169-unit grant and through 2026 for the 8,718-unit grant.
Bandwidth Inc. Chairman & CEO David A. Morken reported multiple equity award-related transactions dated January 3, 2026. He acquired 5,486 and 2,918 shares of Class A common stock at an exercise price of $0 upon the vesting and settlement of restricted stock units granted on January 3, 2022. On the same date, he disposed of 1,852 and 985 Class A shares at a price of $14.22 per share.
The filing shows that the related restricted stock unit awards, originally covering 21,945 and 17,502 units, vested over multi-year schedules beginning in 2022. After the reported transactions, Morken directly owned 35,061 shares of Bandwidth Class A common stock.
Bandwidth Inc.'s Chief Financial Officer reported multiple equity transactions involving Class A Common Stock and restricted stock units. On November 28, 2025, several blocks of restricted stock units (RSUs) were converted to shares at an exercise price of $0, increasing directly held stock. The CFO also received a new grant of 226,667 RSUs on the same date, with one third vesting after one year and the rest in eight quarterly installments starting February 28, 2027.
On December 1, 2025, the CFO sold 13,400 shares at a weighted average price of $14.0626 and 8,115 shares at $14.0528, under Rule 10b5-1 trading arrangements. A portion of the sales covered tax obligations from vesting RSUs. Following these transactions, the CFO directly owned 98,535 shares of Bandwidth’s Class A Common Stock.
Bandwidth Inc. (BAND) director trade disclosure: A reporting person serving as a director of Bandwidth Inc. reported selling 3,033 shares of Class A Common Stock on 11/21/2025. The shares were sold at a weighted average price of $13.7811, with individual trade prices ranging from $13.525 to $13.92.
After this transaction, the reporting person is shown as beneficially owning 63,398 shares indirectly. According to the footnotes, ownership is held through several Carmichael investment entities and directly by Brian D. Bailey, with certain shares subject to an agreement granting Carmichael Partners LLC the economic benefit. The reporting person disclaims beneficial ownership beyond their pecuniary interest.
Bandwidth Inc. (BAND) filed its Q3 2025 10‑Q, reporting revenue of $191,895 for the quarter versus $193,883 a year ago. Gross profit was $73,798 (vs. $73,134), with an operating loss of $2,008 and a net loss of $1,241 (vs. net income of $413 in Q3 2024).
Year to date, revenue reached $546,149 and net loss was $9,912. Operating cash flow for the nine months was $50,877, reflecting solid cash generation despite losses. Cash and cash equivalents were $73,373 as of September 30, 2025, and total assets were $1,033,335. Stockholders’ equity improved to $392,744, aided by foreign currency translation gains in other comprehensive income.
The company continued to manage its capital structure: it repurchased $27,400 principal of 2026 convertible notes for $26,144 in cash, recording a $1,082 gain, leaving $7,617 of 2026 notes (current) and $247,293 of 2028 notes (long‑term) as net carrying amounts. As of October 24, 2025, shares outstanding were 28,563,553 Class A and 1,958,028 Class B.
Bandwidth Inc. furnished a press release reporting financial results for the third quarter ended September 30, 2025, under Item 2.02. The press release is included as Exhibit 99.1. The Item 2.02 information is designated as furnished and is not deemed filed for purposes of Section 18 of the Exchange Act.
Devin M. Krupka, an officer (Controller, PAO) of Bandwidth Inc. (BAND), sold 7,166 shares of Class A common stock on 09/17/2025 at a weighted average price of $18.003 per share under a pre-established Rule 10b5-1 plan adopted March 12, 2025. After the reported sale, the filing shows 19,192 shares beneficially owned by Mr. Krupka. The price range for executed trades was $18.00 to $18.07 and the filer will provide details on the number of shares sold at each price upon request.