Bandwidth Inc.

BANDNASDAQTechnology● Active

$72.03

$-0.17(-0.23%)

Market Cap$2.3B

P/E Ratio—

52W High$75.7757

52W Low$12.5

Avg Volume819K

Open$73.23

Beta2.92

Free Cash Flow Financials Revenue

Bandwidth Inc. (BAND) Free Cash Flow & Analysis

Annual & trailing free cash flow, FCF margin, YoY change, valuation ratios, and peer context.

BAND · free cash flow · updated Jun 8, 2026

Core FCF metrics

BAND · FCF · TTM · margin & CAGR

Free cash flow was $67.2M for FY2025 (fiscal year ending 2025-12-31), down 3.8% year-over-year The FCF margin was 8.9%.

FY2025 Free Cash Flow$67.2M▼ -3.8% YoY

Trailing 12M (TTM)$76.9Mtrailing 4 quarters sum

FCF Margin8.9%$67.2M ÷ revenue

3-Year CAGRN/AN/A — contains negative FCF

5-Year CAGRN/AN/A — contains negative FCF

FormulaFCF = Operating Cash Flow − Capital ExpendituresTTM = trailing 4 quarters sumCAGR → N/A if either endpoint ≤ 0

Source: FMP /cash-flow-statement · SEC 10-K / 10-Q · USDUpdated: Jun 8, 2026

Annual free cash flow history

FCF ($B, upper) · YoY Growth % (lower)

Positive FCFNegative FCF

Free Cash Flow

YoY Growth %

Annual free cash flow data

BAND · free cash flow history · annual / quarterly

Fiscal YearOperating CFCapExFree Cash FlowYoY ChangeFCF Margin

FY2025Latest$89.5M(22M)$67.2M▼ 3.8%8.9%

FY2024$83.9M(14M)$69.9M▲ +265.9%9.3%

FY2023$39.0M(20M)$19.1M▲ +165.5%3.2%

FY2022$34.9M(64M)−$29.2M▼ 111.1%-5.1%

FY2021$40.8M(55M)−$13.8M▼ 37.2%-2.8%

FCF = Operating Cash Flow − Capital Expenditures · CapEx shown as (negative) · Source: SEC filings via FMP

FCF valuation metrics

BAND · P/FCF · FCF yield · FCF per share

Bandwidth Inc. (BAND) trades at a FCF yield of 3.35% and a price-to-free-cash-flow ratio of 28.1x. FCF per share stands at $2.56, calculated using trailing twelve-month FCF divided by basic weighted-average shares outstanding.

FCF Yield (TTM)

3.35%

Free Cash Flow ÷ Market Cap

per FMP freeCashFlowYieldTTM definition

FCF per Share (TTM)

$2.56

TTM FCF ÷ Shares Outstanding

Price / FCF

x28.1

Share Price ÷ FCF per Share

EV / FCF (TTM)

x34.7

Enterprise Value basis

Source: FMP /key-metrics-ttm · /cash-flow-statement Q · /income-statementFY2025 · 2025-12-31

Cash flow statement summary

BAND · cash flow statement · operating / investing / financing

For FY2025, Bandwidth Inc. generated $89.5M in operating cash flow and spent 22M in capital expenditures, yielding $67.2M in free cash flow.

Operating Activities

+$89.5M

Cash from core business operations

2025-12-31

Investing Activities

−$39.1M

CapEx, acquisitions & investments

2025-12-31

Financing Activities

−$29.1M

Buybacks, dividends & debt

2025-12-31

FCF FormulaOperating CF ($89.5M) − |CapEx| (22M) = FCF ($67.2M)

For the complete Operating / Investing / Financing line-item breakdown:

View Full Cash Flow Statement →

Free cash flow vs peers (Technology)

BAND vs peers · FCF

#CompanyFree Cash FlowYoYFCF MarginRelative

Bandwidth Inc.YOU

BAND

$67.2M-3.8%8.9%

Taiwan Semiconductor Manufacturing Company Limited

Microsoft Corporation

Technology · Sorted by FCF · FMP /cash-flow-statementFull FCF Rankings →

About Free Cash Flow & Methodology

Bandwidth Inc. (BAND) reported free cash flow of $67.2M for FY2025 (fiscal year ending 2025-12-31), down 3.8% year-over-year. The FCF margin was 8.9%.

Based on available data, Bandwidth Inc. has maintained positive free cash flow for at least 5 fiscal year(s). FCF peaked at $69.9M in FY2024.

Bandwidth Inc.'s FCF yield is 3.35% and price-to-FCF ratio is 28.1x for FY2025, based on the latest available data.

Data sourced from FMP /cash-flow-statement · SEC 10-K / 10-Q · USD.

Q&A and summaries align with SEC 10-K/10-Q cash flow disclosures and FMP /cash-flow-statement where noted.

Revenue Financial statements Net income Earnings Forecast Price history Market cap Cash on hand P/E ratio

Frequently asked questions

BAND free cash flow · 8 questions

Bandwidth Inc. free cash flow was $67.2M for FY2025, down 3.8% year-over-year. On a trailing twelve-month (TTM) basis, free cash flow stands at $76.9M.

BAND free cash flowBAND FCFBAND FCF 2025BAND free cash flow TTM

▸ Source: FMP /cash-flow-statement · US GAAP · Bandwidth Inc. · Bandwidth Inc. SEC 10-K & 10-Q filings · US GAAP · Last updated: Jun 8, 2026