Filing Flows › Bandwidth (BAND) › Q3 2025
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).
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 2025 | Amount | Q/Q | Y/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.
Source: Bandwidth 10-Q on SEC EDGAR.