Business
Bandwidth : Announces First Quarter 2026 Financial Results
Bandwidth : Announces First Quarter 2026 Financial
About this update from Bandwidth Inc.
[{"type":"text","content":"Record quarterly revenue of $209 million, up 20% year-over-year, and Adjusted EBITDA of $26 million, up 17% year-over-year; raising full-year 2026 outlook\n AI-driven platform adoption accelerating usage and value capture\n Strong large enterprise momentum, including $1M+ wins and selection by Salesforce for Agentforce Contact Center\n Strengthened balance sheet through disciplined capital allocation, including debt retirement and share repurchases\n RALEIGH, N.C., April 30, 2026 /PRNewswire/ -- Bandwidth Inc. (NASDAQ: BAND), a leading global enterprise cloud communications company, today announced financial results for the first quarter ended March 31, 2026.\n \n \n \"Bandwidth entered 2026 with historic momentum. In the first quarter, we exceeded the top end of guidance ranges with record revenue of $209 million, up 20 percent year-over-year, and record first-quarter Adjusted EBITDA of $26 million,\" said David Morken, Bandwidth's Cofounder, Chief Executive Officer, and Chairman. \"These results show our structural advantage as the mission-critical foundation for the AI-driven enterprise. Customers are deploying voice AI into production on our platform, as evidenced by our selection as Salesforce's critical infrastructure partner for Agentforce Contact Center, alongside strong momentum with million-dollar-plus deals in financial services and continued growth in high-volume messaging. Based on this momentum, we are raising our full-year outlook for both revenue and Adjusted EBITDA.\"\n First Quarter 2026 Financial Highlights\n The following table summarizes the condensed consolidated financial highlights for the three months\n ended March 31, 2026 and 2025 ($ in millions, except per share amounts).Three months endedMarch 31,20262025\n Revenue\n $ 209$ 174\n Gross Margin\n 37 %41 %\n Non-GAAP Gross Margin (1)\n 59 %59 %\n Net income (loss)\n $ 4$ (4)\n Non-GAAP net income (1)\n $ 13$ 11\n Net income (loss) per share, basic\n $ 0.13$ (0.13)\n Net loss per share, diluted\n $ (0.08)$ (0.13)\n Non-GAAP net income per Non-GAAP share (1)\n $ 0.38$ 0.36\n Adjusted EBITDA (1)\n $ 26$ 22\n Net cash provided by (used in) operating activities\n $ 9$ (3)\n Free cash flow (1)\n $ (1)$ (13)(1) Additional information regarding the Non-GAAP financial measures discussed in this release, including an explanation of these measures and how each is ...