Filing Flows › Bandwidth (BAND) › Q2 2025
Bandwidth (BAND) Q2 2025 earnings results (second quarter 2025)
10-Q filed Jul 29, 2025
Bandwidth (BAND) reported revenue of $180M for the second quarter 2025 (Q2 2025), +4% from a year earlier and +3% from the quarter before. Operating margin was -2.1%, net loss $4.9M (2.7% of revenue).
Bandwidth, Q2 2025: revenue $180M (+4% year over year), operating margin -2.1%, net loss $4.9M, operating cash flow $31.7M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $180M | +3% | +4% |
| Operating profit | −$3.7M | — | — |
| Net earnings | −$4.9M | — | — |
| Operating cash flow | $31.7M | — | +30% |
| Free cash flow | $25.6M | — | +40% |
What changed
Revenue was $180.0M in Q2 2025, up 4% year over year and up 3% from the previous quarter.
Gross margin was 39.8%, up 2.5 points from a year earlier. Operating costs exceeded revenue by $3.7M, an operating margin of -2.1%. Operating expenses grew 6% against revenue growth of 4%. The fastest-growing cost line was Research & development (+13%). The quarter ended with a net loss of $4.9M, wider than the previous quarter's $3.7M loss.
Operating cash flow was $31.7M (up 30% year over year). Non-cash charges added back $13.3M of depreciation and amortization and $12.5M of share-based compensation. Working capital and other items added $10.8M. After net cash used in investing in capital assets ($6.1M), free cash flow as the company reports it was $25.6M.
Questions
What was Bandwidth's revenue in the second quarter 2025?
Bandwidth (BAND) reported revenue of $180M for the second quarter 2025 (Q2 2025), +4% from a year earlier and +3% from the quarter before.
Was Bandwidth profitable in the second quarter 2025?
Operating loss was $3.7M (-2.1% of revenue) and net loss $4.9M.
Source: Bandwidth 10-Q on SEC EDGAR.