Filing Flows › Technology › Bandwidth (BAND)
Bandwidth (BAND) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Oct 29, 2026 · Bandwidth (BAND) Q3 2026 earnings results →
Q3 2026 Revenue up 22% year over year to $234M · 2¢ of every $1 of revenue kept as net profit · operating margin 0.8%
Bandwidth made $234M in Q3 2026 (+22% Y/Y). Operating margin 0.8%, net earnings $5.2M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Oct 29, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $234.0M in Q3 2026, up 22% year over year and up 6% from the previous quarter.
Gross margin was 36.2%, down 2.2 points from Q3 2025. Operating profit was $1.8M, a 0.8% margin (up 1.8 points year over year). Operating expenses grew 9% against revenue growth of 22%. The fastest-growing cost line was General & admin (+16%). Net earnings were $5.2M. The effective tax rate was -56.9%. Non-operating items added $1.5M, 46% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $37.7M (up 70% year over year), 719% of net earnings. Non-cash charges added back $17.5M of depreciation and amortization and $13.5M of share-based compensation. After net cash used in investing in capital assets ($4.7M), free cash flow as the company reports it was $33.0M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Oct 29, 2026 | $234M | +22% | 0.8% | $5.2M | $37.7M |
| Q2 2026 | 10-Q | Jul 29, 2026 | $220M | +22% | -2.1% | $2.4M | $28.8M |
| Q1 2026 | 10-Q | Apr 30, 2026 | $209M | +20% | -2.2% | $4.1M | $8.8M |
| Q4 2025 | 10-K | Feb 19, 2026 | $208M | -1% | -1.9% | −$3.0M | $38.6M |
| Q3 2025 | 10-Q | Oct 30, 2025 | $192M | -1% | -1.0% | −$1.2M | $22.2M |
| Q2 2025 | 10-Q | Jul 29, 2025 | $180M | +4% | -2.1% | −$4.9M | $31.7M |
| Q1 2025 | 10-Q | May 7, 2025 | $174M | +2% | -2.7% | −$3.7M | −$3.1M |
Charts
Interactive views
The same charts as the app — open one to draw it.
💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Bandwidth
A global communications transformation is underway, and we believe Bandwidth is at the center. Our mission is to develop and deliver the power to communicate. We enable innovative organizations—from startup app developers to the world’s largest enterprises—to engage their end-users and deliver exceptional experiences everywhere people live, learn, work, and play. Backed by the Bandwidth Communications Cloud, our global owned-and-operated network spanning more than 65 countries reaching over 90 percent of global gross domestic product (“GDP”), innovative enterprises use Bandwidth’s Application Programming Interfaces (“APIs”) to easily embed voice, messaging, emergency services, and artificial intelligence (“AI”) capabilities into software and applications. Bandwidth was the first cloud communications provider to offer a robust selection of APIs built on our own cloud platform.
In its own words, from its 10-K, filed Feb 19, 2026.
Bandwidth against its Services-Prepackaged Software peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +22% against the peers' median +19%. Operating margin: 0.8% against the peers' median 15.2%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| BAND Bandwidth | Q3 2026 | $234M | +22% | 0.8% |
| MSFT Microsoft | Q1 FY27 | $92.3B | +19% | 49.8% |
| ORCL Oracle | Q1 FY27 | $19.3B | +30% | 34.8% |
| CRM Salesforce | Q2 FY27 | $11.3B | +11% | 20.5% |
| ADBE Adobe | Q3 FY26 | $6.8B | +13% | 34.8% |
| XYZ Block | Q3 2026 | $6.7B | +10% | 6.4% |
| INTU Intuit | Q4 FY26 | $4.4B | +14% | 10.9% |
| NOW ServiceNow | Q3 2026 | $4.1B | +20% | 9.4% |
| SHOP Shopify | Q3 2026 | $3.7B | +32% | 15.2% |
Source: Bandwidth 10-Q on SEC EDGAR · CIK 1514416 · Services-Prepackaged Software
Guidance and outlook
13F: who owns BAND and who is buying
More on BAND
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results