Filing Flows › Bandwidth (BAND) › Q1 2026
Bandwidth (BAND) Q1 2026 earnings results (first quarter 2026)
10-Q filed Apr 30, 2026
Bandwidth (BAND) reported revenue of $209M for the first quarter 2026 (Q1 2026), +20% from a year earlier and +0.5% from the quarter before. Operating margin was -2.2%, net earnings $4.1M (2.0% of revenue).
Bandwidth, Q1 2026: revenue $209M (+20% year over year), operating margin -2.2%, net earnings $4.1M, operating cash flow $8.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $209M | +0.5% | +20% |
| Operating profit | −$4.6M | — | — |
| Net earnings | $4.1M | — | — |
| Operating cash flow | $8.8M | -77% | — |
| Free cash flow | $1.7M | -95% | — |
What changed
Revenue was $208.8M in Q1 2026, up 20% year over year and up 1% from the previous quarter.
Gross margin was 37.3%, down 3.7 points from Q1 2025. Operating costs exceeded revenue by $4.6M, an operating margin of -2.2%. Operating expenses grew 8% against revenue growth of 20%. The fastest-growing cost line was Research & development (+26%). Net earnings were $4.1M. The effective tax rate was -58.9%. Non-operating items added $7.2M, 278% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was $8.8M, 213% of net earnings. Non-cash charges added back $17.4M of depreciation and amortization and $13.0M of share-based compensation. Working capital and other items used $25.7M. Capital expenditures of $7.1M left free cash flow of $1.7M.
Questions
What was Bandwidth's revenue in the first quarter 2026?
Bandwidth (BAND) reported revenue of $209M for the first quarter 2026 (Q1 2026), +20% from a year earlier and +0.5% from the quarter before.
Was Bandwidth profitable in the first quarter 2026?
Operating loss was $4.6M (-2.2% of revenue) and net earnings $4.1M.
Source: Bandwidth 10-Q on SEC EDGAR.