Filing Flows › Bandwidth (BAND) › Q3 2026 › vs Q3 2025
Bandwidth (BAND) Q3 2026 vs Q3 2025 (year over year)
Bandwidth's revenue rose $42.1M (+22%) from $192M in Q3 2025 to $234M in Q3 2026. Gross margin 36.2% against 38.5% (-2.2 pts).
Bandwidth, Q3 2026: revenue $234M (+22% year over year), operating margin 0.8%, net earnings $5.2M, operating cash flow $37.7M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 36.2% | 38.5% | -2.2 pts |
| Operating margin | 0.8% | -1.0% | +1.8 pts |
| Net margin | 2.2% | -0.6% | +2.9 pts |
| Free cash flow margin | 14.1% | 6.8% | +7.2 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Revenue | $234M | $192M | $42.1M | +22% |
| Gross profit | $84.8M | $73.8M | $11.0M | +15% |
| Cost of revenue | $149M | $118M | $31.1M | +26% |
| Other income, net | $1.5M | −$1.5M | $3.1M | — |
| Operating profit | $1.8M | −$2.0M | $3.8M | — |
| Operating expenses | $83.0M | $75.8M | $7.2M | +9% |
| Pre-tax earnings | $3.3M | −$3.5M | $6.9M | — |
| Research & development | $36.5M | $33.0M | $3.5M | +11% |
| Sales & marketing | $25.6M | $24.7M | $865K | +4% |
| General & admin | $20.9M | $18.1M | $2.8M | +16% |
| Income tax benefit | $1.9M | $2.3M | −$378K | -17% |
| Net earnings | $5.2M | −$1.2M | $6.5M | — |
| Depreciation & amortization | $17.5M | $13.8M | $3.7M | +26% |
| Share-based compensation | $13.5M | $12.3M | $1.2M | +9% |
| Working capital & other | $1.5M | −$2.7M | $4.2M | — |
| Operating cash flow | $37.7M | $22.2M | $15.5M | +70% |
| Free cash flow (company-reported) | $33.0M | $13.1M | $19.8M | +151% |
| Net cash used in investing in capital assets | $4.7M | $9.1M | −$4.4M | -48% |
Questions
How much did Bandwidth's revenue grow year over year in Q3 2026?
Bandwidth's revenue rose $42.1M (+22%) from $192M in Q3 2025 to $234M in Q3 2026. Gross margin 36.2% against 38.5% (-2.2 pts).