Filing Flows › Bandwidth (BAND) › Q1 2025
Bandwidth (BAND) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 7, 2025
Bandwidth (BAND) reported revenue of $174M for the first quarter 2025 (Q1 2025), +2% from a year earlier and -17% from the quarter before. Operating margin was -2.7%, net loss $3.7M (2.1% of revenue).
Bandwidth, Q1 2025: revenue $174M (+2% year over year), operating margin -2.7%, net loss $3.7M, operating cash flow −$3.1M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $174M | -17% | +2% |
| Operating profit | −$4.7M | — | — |
| Net earnings | −$3.7M | — | — |
| Operating cash flow | −$3.1M | — | — |
What changed
Revenue was $174.2M in Q1 2025, up 2% year over year and down 17% from the previous quarter.
Gross margin was 41.0%, up 2.8 points from a year earlier. Operating costs exceeded revenue by $4.7M, an operating margin of -2.7%. Operating expenses grew 0% against revenue growth of 2%. The quarter ended with a net loss of $3.7M, wider than the previous quarter's $1.8M loss. Non-operating items added $877K, -23% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$3.1M. Non-cash charges added back $12.5M of depreciation and amortization and $13.6M of share-based compensation. Working capital and other items used $25.4M. Capital expenditures of $7.4M exceeded it, leaving free cash flow of −$10.5M.
Questions
What was Bandwidth's revenue in the first quarter 2025?
Bandwidth (BAND) reported revenue of $174M for the first quarter 2025 (Q1 2025), +2% from a year earlier and -17% from the quarter before.
Was Bandwidth profitable in the first quarter 2025?
Operating loss was $4.7M (-2.7% of revenue) and net loss $3.7M.
Source: Bandwidth 10-Q on SEC EDGAR.