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Bandwidth (BAND) Q3 2025 earnings results (third quarter 2025)

10-Q filed Oct 30, 2025

Bandwidth (BAND) reported revenue of $192M for the third quarter 2025 (Q3 2025), -1% from a year earlier and +7% from the quarter before. Operating margin was -1.0%, net loss $1.2M (0.6% of revenue).

Revenue$192M
Year over year-1%
Quarter over quarter+7%
Operating margin-1.0%
Net earnings−$1.2M

Bandwidth, Q3 2025: revenue $192M (-1% year over year), operating margin -1.0%, net loss $1.2M, operating cash flow $22.2M. The chart follows the revenue to costs, profit and cash.

Q3 2025AmountQ/QY/Y
Revenue$192M+7%-1%
Operating profit−$2.0M——
Net earnings−$1.2M——
Operating cash flow$22.2M-30%+9%
Free cash flow$13.1M—-8%

What changed

Revenue was $191.9M in Q3 2025, down 1% year over year and up 7% from the previous quarter.

Gross margin was 38.5%, up 0.7 points from a year earlier. Operating costs exceeded revenue by $2.0M, an operating margin of -1.0%. Operating expenses grew 2% against a revenue fall of 1%. The quarter ended with a net loss of $1.2M, narrower than the previous quarter's $4.9M loss. Net interest and other expense of $1.5M was the main reason.

Operating cash flow was $22.2M (up 9% year over year). Non-cash charges added back $13.8M of depreciation and amortization and $12.3M of share-based compensation. Working capital and other items used $2.7M. After net cash used in investing in capital assets ($9.1M), free cash flow as the company reports it was $13.1M.

Questions

What was Bandwidth's revenue in the third quarter 2025?

Bandwidth (BAND) reported revenue of $192M for the third quarter 2025 (Q3 2025), -1% from a year earlier and +7% from the quarter before.

Was Bandwidth profitable in the third quarter 2025?

Operating loss was $2.0M (-1.0% of revenue) and net loss $1.2M.

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Source: Bandwidth 10-Q on SEC EDGAR.