OverviewSuggest Edit

Bandwidth is a provider of cloud-based communications platform for enterprises. The company offers a range of software application programming interfaces (APIs) for voice, messaging, and emergency services. It allows businesses to connect with end users, add voice calling capabilities to applications and devices, transition from on-premise to cloud-based communication tools and applications, integrate messaging capabilities into applications or software, build interactive voice response systems for contact centers, offer end users mobile application experiences including emergency services, etc. Additionally, Bandwidth owns and operates an internet protocol (IP) voice network.
TypePublic
Founded1999
HQRaleigh, NC, US
Websitebandwidth.com
Employee Ratings3.8
Overall CultureA+

Latest Updates

Employees (est.) (Dec 2021)1,100(+15%)
Job Openings224
Revenue (FY, 2021)$490.9 M(+44%)
Share Price (May 2022)$21.1(+12%)
Cybersecurity ratingBMore
Discover new suppliers and conduct deeper comparison analysis with Craft for EnterpriseLearn more
Banner background

Key People/Management at Bandwidth

David Morken

David Morken

Co-founder, Chief Executive Officer and Chairman
Daryl Raiford

Daryl Raiford

Chief Financial Officer
Marina Carreker

Marina Carreker

President
Brandon Asbill

Brandon Asbill

General Counsel
Rebecca Bottorff

Rebecca Bottorff

Chief People Officer and Director
Scott Mullen

Scott Mullen

Chief Technology Officer
Show more

Bandwidth Office Locations

Bandwidth has offices in Raleigh, Denver, Rochester, San Francisco and in 7 other locations
Raleigh, NC, US (HQ)
Venture III, 900 Main Campus Dr #500
Denver, CO, US
1860 Blake St #420
Rochester, NY, US
85 Allen St #310
San Francisco, CA, US
San Francisco
Show all (11)

Bandwidth Financials and Metrics

Bandwidth Revenue

Embed Graph
View revenue for all periods
Bandwidth's revenue was reported to be $490.91 m in FY, 2021 which is a 43.1% increase from the previous period.
USD

Revenue (FY, 2021)

490.9m

Revenue growth (FY, 2020 - FY, 2021), %

43.1%

Gross profit (FY, 2021)

218.5m

Gross profit margin (FY, 2021), %

44.5%

Net income (FY, 2021)

(27.4m)

EBIT (FY, 2021)

(2.2m)

Market capitalization (13-May-2022)

530.3m

Closing stock price (13-May-2022)

21.1

Cash (31-Dec-2021)

331.5m

EV

702.1m
Bandwidth's current market capitalization is $530.3 m.
Annual
USDFY, 2018FY, 2019FY, 2020FY, 2021

Revenue

204.1m232.6m343.1m490.9m

Revenue growth, %

25%14%48%43%

Cost of goods sold

108.1m125.0m185.3m272.4m

Gross profit

96.0m107.6m157.9m218.5m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Revenue

53.3m56.8m60.5m68.5m76.8m84.8m113.5m120.7m130.6m

Cost of goods sold

28.8m30.1m33.1m36.4m42.0m45.5m61.3m66.1m72.4m

Gross profit

24.6m26.7m27.4m32.2m34.8m39.2m52.2m54.6m58.2m

Gross profit Margin, %

46%47%45%47%45%46%46%45%45%
Annual
USDFY, 2019FY, 2020FY, 2021

Cash

184.4m72.2m331.5m

Accounts Receivable

30.2m55.2m61.6m

Prepaid Expenses

9.3m14.5m15.8m

Current Assets

226.9m193.6m412.9m
Quarterly
Annual
USDFY, 2019FY, 2020FY, 2021

Net Income

2.5m(44.0m)(27.4m)

Depreciation and Amortization

9.5m16.8m36.6m

Accounts Payable

1.1m315.0k2.0m

Cash From Operating Activities

(1.3m)4.5m40.8m
Quarterly
USDQ1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021

Net Income

2.0m5.5m4.5m(1.1m)(21.7m)(24.1m)(5.3m)(12.2m)(19.2m)

Depreciation and Amortization

2.2m4.3m6.6m3.3m6.6m9.9m9.0m18.2m27.5m

Accounts Payable

(435.0k)(95.0k)(169.0k)304.0k41.0k2.9m1.4m1.1m7.1m

Cash From Operating Activities

(9.0m)(5.4m)(3.5m)(7.6m)(316.0k)11.3m10.0m8.8m23.7m
USDFY, 2018

Revenue/Employee

334.1k
Show all financial metrics

Bandwidth Operating Metrics

FY, 2017FY, 2018FY, 2019

Patents (US)

8810

Patents Pending (US)

521

Trademarks (US)

151512

Trademarks Pending (US)

1
Show all operating metrics

Bandwidth Acquisitions / Subsidiaries

Company NameDateDeal Size
VoxboneNovember 02, 2020$446 m
Dash Carrier ServicesFebruary 22, 2011
Bandwidth.com CLEC, LLC
Bandwidth Iberia S.L
Broadband, LLC
DE Bandwidth GmbH
IP Spectrum Solutions, LLC
NL Bandwidth B.V.
UK Bandwidth Limited
Voice Bidco Limited
Show more

Bandwidth Revenue Breakdown

Embed Graph

Bandwidth revenue breakdown by business segment: 84.3% from CPaaS and 15.7% from Other

Bandwidth revenue breakdown by geographic segment: 88.3% from United States and 11.7% from International

Bandwidth Cybersecurity Score

Cybersecurity ratingPremium dataset

B

82/100

SecurityScorecard logo

Bandwidth Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

40-49

out of 100

CSRHub logo

Bandwidth Online and Social Media Presence

Embed Graph

Bandwidth Company Culture

  • Overall Culture

    A+

    85/100

  • CEO Rating

    A+

    87/100

  • Compensation

    A

    82/100

Learn more on Comparably

Bandwidth News and Updates

Broadcom announces 6GHz band support & Wi-Fi 7 compatible solution with up to double bandwidth

Broadcom announced Wi-Fi 7 solutions, including the SoC BCM67263 for access points that support Wi-Fi 7 of the next-generation wireless LAN standard.

Bandwidth Announces Global Software Sales Executive Sandy Preizler As Chief Revenue Officer

Bandwidth Inc. (NASDAQ: BAND), a leading global enterprise cloud communications company, today announced that Sandy Preizler will be joining the company in the newly created position of Chief Revenue Officer (CRO), effective April 18. In his 25-year career, Preizler consistently exceeded revenue an…

Introducing Outbound Call Queueing

Bandwidth is enabling Outbound Call Queueing for Voice API customers on April 30, 2022.

Bandwidth Announces Integration with Pindrop to Add Out-of-the-Box Voice Authentication for Enterprise Contact Center Move to the Cloud

Bandwidth Inc. (NASDAQ: BAND), a leading global enterprise cloud communications company, today announced a partnership and integration with PindropⓇ, a global leader in voice authentication technology. Now, Pindrop can be natively integrated with Bandwidth at the carrier level, giving enterprises a…

Capping TNs for 10DLC Campaigns

The number of TNs that can be associated with a single 10DLC Campaign is now limited to 49, unless the customer has been approved for a Sub ID. The limit of 49 TNs is consistent with T-Mobile’s policy. Customers will receive an error message when adding 50 or greater TNs.

Bandwidth Announces Fourth Quarter and Full Year 2021 Financial Results

Bandwidth Inc. (NASDAQ: BAND), a leading global enterprise cloud communications company, today announced financial results for the fourth quarter and full year ended December 31, 2021.
Show more

Bandwidth Blogs

Bandwidth Announces Integration with Pindrop to Add Out-of-the-Box Voice Authentication for Enterprise Contact Center Move to the Cloud

March 21, 2022 Native integration on the Bandwidth platform with the leading fraud and authentication solution gives enterprise contact centers a faster, more robust route to the cloud RALEIGH, N.C., March 21, 2022 /PRNewswire/ — Bandwidth Inc. (NASDAQ: BAND), a leading global enterprise cloud commu…

Webinar wrap-up: 2022 State of Business Messaging

Here are some takeaways from our latest webinar on business text messaging in 2022. In today’s digital landscape, it’s hard to stand out to your customers, especially with all the other communication they’re getting daily. The solution? Text Messaging tends to be an effective channel for businesses …

How to register with 10DLC to avoid unnecessary costs in 2022

What you need to know to help you stay compliant with The Campaign Registry (TCR) Recently, more and more businesses have realized the benefits of using messaging as a channel to create a 5-star customer experience (CX). However, with the influx of businesses utilizing text messaging at increasingly…

Bandwidth Announces Fourth Quarter and Full Year 2021 Financial Results

Full year Total Revenue of $491 million, up 43% year-over-year Full year CPaaS Revenue of $414 million, up 39% year-over-year RALEIGH, N.C., Feb. 23, 2022 /PRNewswire/ — Bandwidth Inc. (NASDAQ: BAND), a leading global enterprise cloud communications company, today announced financial results for the…

Bandwidth Welcomes Global Tech Executive Anthony Bartolo As Chief Operating Officer

Cloud communications leader from Avaya and Tata Communications has 30 years’ experience scaling global revenues and motivating cross-functional teams RALEIGH, N.C., Feb. 22, 2022 /PRNewswire/ — Bandwidth Inc. (NASDAQ: BAND), a leading global enterprise cloud communications company, today announced t…

Bandwidth Extends 911 Emergency Services Capabilities with New Partnerships To Address the Needs of Large Enterprises

Partners 911 Secure, 911inform and 9Line Software give Bandwidth a full-stack solution, enabling enterprises to customize emergency services on the Bandwidth platform RALEIGH, N.C., Dec. 8, 2021 /PRNewswire/ — Bandwidth Inc. (NASDAQ: BAND), a leading global enterprise cloud communications company, t…
Show more

Bandwidth Frequently Asked Questions

  • When was Bandwidth founded?

    Bandwidth was founded in 1999.

  • Who are Bandwidth key executives?

    Bandwidth's key executives are David Morken, Daryl Raiford and Marina Carreker.

  • How many employees does Bandwidth have?

    Bandwidth has 1,100 employees.

  • What is Bandwidth revenue?

    Latest Bandwidth annual revenue is $490.9 m.

  • What is Bandwidth revenue per employee?

    Latest Bandwidth revenue per employee is $446.3 k.

  • Who are Bandwidth competitors?

    Competitors of Bandwidth include Starry, CM.com and Everbridge.

  • Where is Bandwidth headquarters?

    Bandwidth headquarters is located at Venture III, 900 Main Campus Dr #500, Raleigh.

  • Where are Bandwidth offices?

    Bandwidth has offices in Raleigh, Denver, Rochester, San Francisco and in 7 other locations.

  • How many offices does Bandwidth have?

    Bandwidth has 11 offices.