What is Bandwidth's latest dividend and current dividend yield?

What does Bandwidth do and what are its main business segments?

What factors drove the changes in Bandwidth's revenue and profit?

What is Bandwidth's gross profit margin?

What were the key takeaways from Bandwidth’s earnings call?

What is the revenue and EPS growth rate for Bandwidth year over year?

What is the market's earnings forecast for Bandwidth next quarter?

What were the key takeaways from Bandwidth's earnings call?

- **Revenue Growth**: 10% organic growth in 2025, with Enterprise Voice up 21%. 2026 guided for 16% total revenue growth, driven by AI adoption and large deals.
- **AI Success**: Quadrupled 3rd-party AI developers on platform; U.S. insurance group replaced legacy provider to deploy Google AI on Bandwidth's network.
- **Financial Strength**: 58% gross margin, $93M EBITDA, $57M free cash flow in 2025. 2026 targets 20% EBITDA margin and $1.66-$1.74 EPS.
- **Share Repurchase**: $80M program announced, reflecting confidence in cash generation and long-term value.
- **Moat**: 99% customer retention, global infrastructure, and software-like expansion economics provide competitive advantage.

**【CEO Summary Section】**
- **2025 Performance Highlights**: Revenue growth of 10% organically, with a record 21% increase in Enterprise Voice segment. Closed 2 significant $1M+ deals in Q4, including a U.S. insurance group and a top 10 U.S. bank. AI voice adoption accelerated, with 3rd-party AI developers on the platform quadrupling in 6 months.
- **2026 Outlook**: 16% total revenue growth (10% cloud communications), 20% EBITDA margin, and $1.66-$1.74 EPS. Share repurchase program of $80M authorized, reflecting confidence in cash generation.
- **AI Strategy**: Bandwidth's Communications Cloud and Maestro platform enable enterprises to integrate AI voice at scale. Example: U.S. insurance group replaced legacy provider to deploy Google Conversational AI on Bandwidth's platform.

**【CFO Financial Commentary】**
- **Q4 2025 Results**: Total revenue $754M (10% YoY), non-GAAP gross margin 58%, adjusted EBITDA $93M, free cash flow $57M. Voice segment grew 11% YoY, Messaging 12% YoY (driven by holiday demand).
- **2026 Guidance**: 16% revenue growth, 29% EBITDA improvement, and 19% EPS growth. Political campaign contribution expected to be 2.5% of cloud communications revenue, down from historical highs.
- **Business Model Strengths**: 99% customer retention, 107% net retention, and 82% incremental gross profit yield. Software services revenue reached $15M annualized, up from $10M expectation.

**【Q&A Highlights】**
- **Enterprise Voice Growth**: 2025 Enterprise Voice cohort contributes 15% of total revenue, with 40% growth from accounts added in the past 3 years. Software services now attached to all $1M+ deals.
- **Political Campaigns**: 2026 political contribution expected to be 2.5% of cloud communications revenue, down from 2024's cyclical peak. Diversification into civic engagement reduces reliance on elections.
- **AI Impact**: Voice growth driven by AI adoption, with Maestro enabling seamless integration of AI voice agents across global networks. 2026 is seen as the inflection point for AI-driven voice usage scaling.
- **Competitive Position**: Bandwidth's owned infrastructure, global scale, and low-latency platform provide a moat against competitors. 80+ country interconnections and 12-year median customer tenure highlight durability.


Bandwidth Inc. (BAND) Q4 2025 Earnings Call Transcript

- **Revenue Growth**: 11% YoY to $192M, driven by enterprise voice (22% YoY) and global voice plans (7% YoY). 
- **AI Expansion**: 100+ million-dollar-plus deals YTD, including digital commerce AI voice deployment. 
- **Profitability**: 58% gross margin, $24M adj. EBITDA (vs. $19M prior year), and 12M trailing FCF up 35% YoY. 
- **2026 Targets**: 15-20% CAGR, 60%+ gross margin, and $91M adj. EBITDA (2025). 
- **Customer Loyalty**: 105% net retention, $231K ARR/customer, and 99%+ customer name retention. 
- **Innovation**: AI receptionist prototype, NRM expansion, and Maestro Activation Agent for compliance automation.


**【CEO Summary Section】**
- **Revenue Growth and AI Momentum**: CEO highlighted 11% YoY total revenue growth ($192M) driven by enterprise voice (22% YoY) and global voice plans (7% YoY). AI voice adoption accelerated with 100+ million-dollar-plus deals YTD, including a digital commerce platform integrating AI for nationwide food ordering. 
- **Innovation Showcase**: At Reverb25, Bandwidth demonstrated AI receptionist, Maestro Activation Agent, and Number Reputation Management (NRM) expansion to global voice plans. NRM drove a 300,000-number migration win for a property management software provider.
- **Customer Trust and Retention**: 105% net retention rate (107% ex-political), 99%+ customer name retention, and $231K ARR/customer record.

**【CFO Financial Commentary】**
- **Profitability**: Non-GAAP gross margin 58%, adjusted EBITDA $24M (vs. $19M prior year). Free cash flow $13M, with 12M trailing FCF up 35% YoY.
- **2026 Targets**: Guidance for 15-20% CAGR, 60%+ gross margin, 20%+ EBITDA margin, and 15%+ FCF margin. 2025 full year adj. EBITDA raised to $91M midpoint.
- **Software Growth**: Software MRR >$10M annualized, with AI-driven solutions like NRM and Maestro contributing to 8% cloud comms growth.

**【Q&A Highlights】**
- **Demand Trends**: 70%+ of Q3 wins >$1M, with 99%+ customer name retention. Property management software win ported 300K numbers, activating transcription APIs.
- **Onboarding Speed**: 90-day ramp for new customers, with Maestro enabling complex call flows for a $2T AUM financial services firm.
- **Gross Margin**: 58% gross margin sustained via software expansion (e.g., NRM, Maestro), offsetting lower messaging surcharges. 2026 targets include 60%+ gross margin.
- **AI Strategy**: Bandwidth's open platform supports 4 AI integration paths (native, partner, BYO, API), with MCP server enabling real-time AI voice actions.
- **Trust Services**: NRM expanded to global voice plans, driving 7% YoY growth. AI receptionist prototype showcased as IVR replacement for enterprises.


Bandwidth Inc. (BAND) Q3 2025 Earnings Call Transcript

- **Revenue Growth Accelerates**: Q2 revenue of $180 million (+9% YoY) and EBITDA of $22 million (+17% YoY) beat expectations, driven by enterprise voice (+29% YoY) and GVP (+7% YoY, highest since 2021).
- **AI-Driven Multiplier Effect**: AI-powered calls generate 3x-4x revenue of standard voice calls, with early adoption evident in regulated industries (e.g., healthcare, banking). New multiyear deals highlight customer reliance on Bandwidth's AI platform.
- **Strong Financial Health**: 58% gross margin, $26 million free cash flow, and raised full-year EBITDA guidance to $88 million reflect efficient scaling and margin expansion.
- **Channel and Competitive Edge**: Record Q2 channel deals and wins over legacy systems (e.g., Cisco) underscore Bandwidth's position as the go-to cloud migration partner. Competitive pricing changes are driving new opportunities.
- **Messaging Momentum**: 7% YoY growth in programmable messaging, focused on high-margin formats like RCS and RBM, positions Bandwidth for long-term growth in AI-integrated communications.

**【CEO Summary Section】**
- **Q2 Financial Highlights**: Revenue of $180 million and adjusted EBITDA of $22 million exceeded expectations, with 9% year-over-year (YoY) revenue growth (normalized for political campaign revenue). Enterprise voice revenue grew 29% YoY, and Global Voice Plans (GVP) achieved 7% YoY growth, the highest since 2021.
- **AI Strategy Momentum**: New multiyear deals (> $1 million) with enterprises leveraging Maestro and AI Bridge for AI voice integration. Examples include a U.S. bank using Maestro for third-party AI deployment and a digital banking leader relying on Bandwidth's low latency and high availability for native AI features.
- **Revenue Multiplier Potential**: AI-powered calls could generate 3x-4x the revenue of standard voice calls due to software-driven services like orchestration, transcription, and fraud detection. This trend is already evident in increased voice usage for regulated industries.
- **Customer Wins and Partnerships**: Secured a Tennessee healthcare provider as sole voice provider and a national insurance brokerage for UC and contact center migration. Channel partnerships drove record Q2 deals, including migrations from Cisco on-premises systems.

**【CFO Financial Commentary】**
- **Gross Margin and Profitability**: Non-GAAP gross margin improved to 58% (2% YoY increase), with free cash flow of $26 million (19% margin). Adjusted EBITDA grew 17% YoY to $22 million.
- **Key Metrics**: Net retention rate of 112%, average annual revenue per customer of $230,000 (excluding political revenue), and 7% YoY growth in programmable messaging.
- **Full-Year Guidance**: Raised EBITDA outlook to $88 million (midpoint), with 10% organic revenue growth expected. Q3 revenue growth projected at 10%, accelerating to 13% in Q4.

**【Q&A Highlights】**
- **AI Adoption and Pricing**: Customers are realizing AI-driven voice usage increases today, with Bandwidth benefiting from higher-value services. Competitive pricing changes are creating opportunities for Bandwidth to win deals.
- **Messaging Growth**: Commercial messaging growth of 7% YoY, focused on scalable, high-margin opportunities like RCS and RBM. Bandwidth is targeting large enterprises with complex needs, such as e-commerce and financial services.
- **Competitive Differentiation**: Bandwidth's platform combines global scale, reliability, and AI orchestration (e.g., Maestro) to deliver stickier solutions for regulated industries. Recent partner integrations (e.g., Cognigy and NiCE) highlight the platform's versatility in supporting AI voice agents.


Bandwidth Inc. (BAND) Q2 2025 Earnings Call Transcript

- **Revenue Growth Accelerates**: Q1 2025 revenue of $174 million (+7% YoY) driven by 26% growth in enterprise voice and 4% expansion in global voice plans. AI-powered voice agent adoption is accelerating, with 30% of new voice connections initiated by AI in Q1.
- **Strategic Wins & Platform Momentum**: Secured multimillion-dollar deals with healthcare and IT services providers, leveraging Maestro's hybrid deployment capabilities. Over 50% of enterprise customers now use Maestro or AI Bridge, driving 116% net retention.
- **Profitability & Balance Sheet Strength**: Gross margin improved to 59%, EBITDA up 40% YoY. Repurchased $393 million of convertible notes, leaving $7 million outstanding. Raised full-year revenue guidance to $745-760 million (+10% YoY).
- **AI-Driven Growth Outlook**: Expect global voice plans growth to double YoY (from 2% in 2024 to 4% in 2025). Voice agents will drive the next wave of voice usage, with Bandwidth uniquely positioned to serve enterprise AI deployments.


**【CEO Summary Section】**
- **Revenue Growth**: Q1 2025 revenue reached $174 million, up 7% YoY (normalized for political campaign impact). Enterprise voice revenue grew 26% YoY, driven by financial services and healthcare customers. Global voice plans expanded 4% YoY, with channel partnerships driving new business. Programmable messaging grew 9% YoY, supported by e-commerce and financial services use cases.
- **Strategic Wins**: Secured multimillion-dollar deals with a global IT services provider and a healthcare network, leveraging Maestro's dynamic call routing and AI integration. AI Bridge enabled a customer to replace IVRs with AI voice agents, reducing operational costs by 30%.
- **AI & Platform Innovation**: Over 50% of enterprise customers now use Maestro or AI Bridge, with Maestro's flexibility enabling hybrid deployments (e.g., a hospital group integrating legacy systems with cloud contact centers). Global voice plans customers are launching AI use cases like real-time voice translation.
- **Customer Metrics**: Net retention rate of 116%, customer name retention >99%, and record average ARR per customer of $228,000.

**【CFO Financial Commentary】**
- **Profitability**: Non-GAAP gross margin improved to 59% (up 200bps YoY), driven by higher-margin enterprise voice and cost optimization. EBITDA grew 40% YoY to $22 million. Free cash flow was directionally in line with expectations.
- **Balance Sheet**: Repurchased $393 million of 2026 convertible notes, leaving $7 million outstanding. Ended Q1 with $42 million in cash and no debt drawn on $150 million credit line.
- **Guidance Update**: Raised full-year 2025 revenue outlook to $745-760 million (midpoint +10% YoY), with EBITDA guidance of $87 million. Global voice plans growth rate expected to double YoY, from 2% in 2024 to 4% in 2025.

**【Q&A Highlights】**
- **Enterprise Voice Pipeline**: Signed more million-dollar+ deals in Q1 than any prior quarter. Channel partnerships (e.g., NWN, Carousel) are accelerating deal cycles, with MSPs driving 20% of new enterprise voice deals.
- **AI Voice Growth**: Voice agents will drive the next wave of voice usage, with Bandwidth's 100 million+ supported phone numbers uniquely positioned to serve enterprise AI deployments. Q1 saw 30% of new voice connections initiated by AI agents.
- **Macro Resilience**: 81% of revenue comes from essential voice communications (enterprise voice and global voice plans), with minimal exposure to macro volatility. Programmable messaging (19% of revenue) is seeing core platform growth despite e-commerce headwinds.
- **Gross Margin Durability**: Q1 gross margin of 59% reflects structural improvements; expect mid-60s range by 2026. Capital expenditures will remain disciplined, with $10 million in Q1 for network expansion.


Bandwidth (BAND)-7 May 25-2025 Q1 Earnings call transcript

- **Record Financial Performance**: 27% Q4 revenue growth, 58% non-GAAP gross margin, and $30M free cash flow highlight 2024 success.
- **AI-Driven Innovation**: Maestro platform enables enterprises to deploy voice AI agents in hours, with wins at global cruise lines and Fortune 25 healthcare providers.
- **2025 Growth Path**: 8%-11% revenue growth (normalized for political campaigns), EBITDA expansion to $86M, and accelerating free cash flow.
- **Debt Optimization**: Reduced 2026 debt by $30M, maintaining strong balance sheet for AI investment.
- **Key Metrics**: 122% net retention, $226k ARR per customer, and 29% YoY enterprise voice growth demonstrate sticky customer base.


**【CEO Summary Section】**
- **Revenue Growth**: 27% YoY in Q4 2024, driven by enterprise voice and programmable messaging. Full-year cloud communications revenue grew 13% YoY.
- **AI Leadership**: Launched Maestro platform with AIBridge, enabling enterprises to integrate voice AI agents (e.g., global hospitality brand's guest experience automation).
- **Operational Momentum**: 29% YoY growth in enterprise voice revenue, 122% net retention rate, and $226k ARR per customer.
- **2025 Outlook**: Focus on voice AI adoption, global voice plan expansion, and political campaign normalization.

**【CFO Financial Commentary】**
- **Q4 2024 Results**: 
  - Total revenue: $210M (27% YoY)
  - Non-GAAP gross margin: 58% (3ppt improvement)
  - EBITDA: $23M (25% YoY)
  - Free cash flow: $30M (130% YoY)
- **Full Year 2024**: 
  - Total revenue: $748M (25% YoY)
  - Non-GAAP gross margin: 57% (2ppt improvement)
  - EBITDA: $82M (70% YoY)
  - Free cash flow: $59M (206% YoY)
- **2025 Guidance**: 
  - Total revenue: $740M-$760M (8%-11% YoY growth normalized for political campaigns)
  - EBITDA: $86M midpoint
  - Free cash flow growth exceeding top-line growth.

**【Q&A Highlights】**
- **Political Campaign Impact**: 2024 political revenue ($62M) will not recur in 2025, but core messaging growth remains strong.
- **AI Adoption**: Fortune 25 healthcare provider migrated to Maestro in hours vs. months on legacy platform; global cruise line chose Bandwidth for cloud contact center migration with AI readiness.
- **Debt Management**: Repurchased $30M of 2026 notes, leaving $250M 2028 notes. Net leverage ~2.0x last 12 months EBITDA, deemed manageable for growth.
- **Global Voice Growth**: Expect >2024 growth rate in 2025, driven by universal platform adoption and AI-driven usage increases.


Actual										0.04	0.13	0.24	0.13	0.3	0.32	0.25	0.09	0.09	-0.04	0.27	0.19	0.05	0.16	0.23	0.38	0.27	0.29	0.43	0.37	0.36	0.38	0.36	0.35
Forecast										-0.1089	0.0048	-0.0115	0.0367	0.01	0.0767	0.0825	-0.1298	-0.084	-0.0656	0.0282	0.0413	0.0065	0.0425	0.1975	0.2281	0.2022	0.2575	0.3186	0.3914	0.2702	0.3333	0.372	0.334
Surprise	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	+136.73%	+2608.33%	+2186.96%	+254.22%	+2900.00%	+317.21%	+203.03%	+169.34%	+207.14%	+39.02%	+857.45%	+360.05%	+669.23%	+276.47%	+16.46%	+66.59%	+33.53%	+12.62%	+34.97%	-5.47%	+33.23%	+14.01%	-3.23%	+4.79%

BAND

BAND fundamentals

BAND Q4 2025 Earnings

Earnings Call

You can ask Aime

BAND

BAND fundamentals

BAND Q4 2025 Earnings

Earnings Call

BAND Earnings Call Summary for Q4/20258:00 AM on Feb 19, 2026

BAND Earnings Call Summary for Q3/20258:00 AM on Oct 30, 2025

BAND Earnings Call Summary for Q2/20258:00 AM on Jul 29, 2025

BAND Earnings Call Summary for Q1/20258:00 AM on May 7, 2025

BAND Earnings Call Summary for Q4/20248:00 AM on Feb 20, 2025

You can ask Aime