OverviewSuggest Edit

Bandwidth is a provider of cloud-based communications platform for enterprises. The company offers a broad range of software application programming interfaces (APIs) for voice and text functionality and a purpose-built internet protocol (IP) voice network, as well as advanced monitoring, reporting and analytics, personalized support, and flexible cost structures. Its solutions allow enterprises to enhance their products and services by incorporating voice, messaging, and 911 services capabilities, and more frequently and seamlessly connect with their end-users.

TypePublic
Founded1999
HQRaleigh, NC, US
Websitebandwidth.com
Employee Ratings3.9
Overall CultureA+

Latest Updates

Employees (est.) (Dec 2019)772(+27%)
Job Openings68
Revenue (FY, 2020)$343.1 M(+48%)
Share Price (Jul 2021)$135.4(+2%)
Cybersecurity ratingBMore

Key People/Management at Bandwidth

David Morken

David Morken

Co-founder, Chief Executive Officer and Chairman
Jeff Hoffman

Jeff Hoffman

Chief Financial Officer
Chris Matton

Chris Matton

General Counsel
Marina Carreker

Marina Carreker

President
Noreen Allen

Noreen Allen

Chief Marketing Officer
Brandon Asbill

Brandon Asbill

General Counsel
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Bandwidth Office Locations

Bandwidth has offices in Raleigh, Denver and Rochester
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
Show all (3)

Bandwidth Financials and Metrics

Bandwidth Revenue

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View revenue for all periods
Bandwidth's revenue was reported to be $343.11 m in FY, 2020
USD

Revenue (FY, 2020)

343.1m

Gross profit (FY, 2020)

157.9m

Gross profit margin (FY, 2020), %

46%

Net income (FY, 2020)

(44.0m)

EBIT (FY, 2020)

(13.5m)

Market capitalization (22-Jul-2021)

3.4b

Closing stock price (22-Jul-2021)

135.4

Cash (31-Dec-2020)

72.2m

EV

3.6b
Bandwidth's current market capitalization is $3.4 b.
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Revenue

163.0m204.1m232.6m343.1m

Revenue growth, %

25%14%

Cost of goods sold

89.3m108.1m125.0m185.3m

Gross profit

73.7m96.0m107.6m157.9m
Quarterly
USDQ3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Revenue

41.3m53.0m48.3m50.5m53.3m56.8m60.5m68.5m76.8m84.8m

Cost of goods sold

22.6m25.4m26.6m27.5m28.8m30.1m33.1m36.4m42.0m45.5m

Gross profit

18.8m27.6m21.7m23.0m24.6m26.7m27.4m32.2m34.8m39.2m

Gross profit Margin, %

45%52%45%46%46%47%45%47%45%46%
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Cash

37.6m41.3m185.0m72.2m

Accounts Receivable

21.2m24.0m30.2m55.2m

Prepaid Expenses

14.5m

Current Assets

65.3m91.4m226.9m193.6m
Quarterly
USDQ3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Cash

5.4m38.8m45.8m48.6m138.9m140.1m192.4m492.0m291.0m300.2m

Accounts Receivable

18.7m24.4m23.0m23.8m27.9m26.7m30.0m37.1m41.8m46.5m

Prepaid Expenses

7.0m10.1m10.9m10.0m

Current Assets

30.2m78.6m87.2m95.1m235.6m233.2m233.3m566.9m577.3m590.8m
Annual
USDFY, 2017FY, 2018FY, 2019FY, 2020

Net Income

6.0m17.9m2.5m(44.0m)

Depreciation and Amortization

5.7m5.8m9.5m

Accounts Payable

(2.4m)(169.0k)1.1m315.0k

Cash From Operating Activities

14.6m24.6m(1.3m)4.5m
Quarterly
USDQ3, 2017Q1, 2018Q2, 2018Q3, 2018Q1, 2019Q2, 2019Q3, 2019Q1, 2020Q2, 2020Q3, 2020

Net Income

6.6m6.2m16.7m19.2m2.0m5.5m4.5m(1.1m)(21.7m)(24.1m)

Depreciation and Amortization

4.3m1.4m2.7m4.1m2.2m4.3m6.6m260.0k

Accounts Payable

(2.2m)(656.0k)(2.4m)(778.0k)(435.0k)(95.0k)(169.0k)304.0k41.0k2.9m

Cash From Operating Activities

9.8m11.2m17.1m24.0m(9.0m)(5.4m)(3.5m)(7.6m)(316.0k)11.3m
USDQ3, 2017

Debt/Equity

-2.6 x

Debt/Assets

0.5 x

Financial Leverage

-5 x
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Bandwidth Operating Metrics

FY, 2017FY, 2018FY, 2019

Patents (US)

8810

Patents Pending (US)

521

Trademarks (US)

151512

Trademarks Pending (US)

1
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Bandwidth Acquisitions / Subsidiaries

Company NameDateDeal Size
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

Bandwidth Revenue Breakdown

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Bandwidth revenue breakdown by business segment: 85.1% from CPaaS and 14.9% from Other

Bandwidth revenue breakdown by geographic segment: 97.2% from United States and 2.8% from Other

Bandwidth Cybersecurity Score

Cybersecurity ratingPremium dataset

B

80/100

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+

    88/100

  • CEO Rating

    A+

    89/100

  • Compensation

    A+

    85/100

Learn more on Comparably

Bandwidth News and Updates

Vizorfy, Inc Unveils the World's First Peer-to-Peer Container Image Distribution Platform Geared to Maximize Utilization of Accessibility, Bandwidth, Security, and Speed

AUSTIN, Texas, Aug. 20, 2018 /PRNewswire/ -- The team at Vizorfy Corporation have developed the world's first Peer-to-Peer (P2P) technology for the Docker Container ecosystem. Vizorfy's goal is to save clients tremendous amounts of time and bandwidth and maximize under-utilized idle...

Global Deep Packet Inspection (DPI) Market to 2024 - Rising Bandwidth Management Needs Drive Adoption of DPI

DUBLIN, Aug 16, 2018 /PRNewswire/ -- The "Deep Packet Inspection (DPI) - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, Latin America, and...

Global Millimeter Wave Equipment Market Annual Estimates & Forecasts 2016-2024 - Bandwidth Hungry Networks to Drive the Market

DUBLIN, Aug. 15, 2018 /PRNewswire/ -- The "Millimeter Wave Equipment - Global Strategic Business Report" report has been added to ResearchAndMarkets.com's offering. The report provides separate comprehensive analytics for the US, Canada, Japan, Europe, Asia-Pacific, and Rest of World....

This Company Forces Its Employees to Unplug and It Can't Stop Growing

You can have a company culture born of habits and happenstance or one that consciously aligns with your values and allows you to thrive. What's it gonna be?

India 5G Market 2018-2025: Drivers of the Market are Continuous Evolution Towards Enhanced Bandwidth, Lower Latency, Enhanced Security and Openness of Mobile Networks

DUBLIN, Aug 3, 2018 /PRNewswire/ -- The "India 5G Market (2018-2025)" report has been added to ResearchAndMarkets.com's offering. The fifth generation of mobile technology (5G technology) is expected to cater to the demand and provide the business frameworks needed by and beyond 2020. In...

Bandwidth to Present at the KeyBanc Capital Markets 20th Annual Technology Leadership Forum

RALEIGH, N.C., Aug. 1, 2018 /PRNewswire/ -- Bandwidth Inc. (NASDAQ: BAND), a software company focused on communications for the enterprise, today announced that David Morken, CEO is scheduled to present at the KeyBanc Capital Markets 20th Annual Technology Leadership Forum on Monday,...
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Bandwidth Blogs

Why buying your 2FA solution is better than building one

As you know, security is a growing concern for customers and companies—ensuring that you don’t have fake accounts registered is essential for the analysis of customer growth and crucial for fraud prevention.  As someone responsible for maintaining & increasing the security of your system, you ne…

Q&A with Forrester Contact Center Analyst Andras Cser

In October of 2020, Bandwidth hosted a roundtable featuring leading contact center analyst Andras Cser of Forrester. During the roundtable we discussed industry trends as well as topics that were top of mind for large call centers. Some major themes included: fraud detection and prevention, the impa…

Making sense of fraud, robocalling, spam, & call blocking

Trying to make sense of fraud, robocalling, and spam can be overwhelming (and more than a little exhausting). With bad actors finding new ways to attack and cost your business money and the trust of your users, users have lost faith in the legitimacy of the calls coming to their phones thanks to the…

Dispelling the top 5 myths about telecom fraud

Telecom fraud is a big problem for both providers and customers. In 2019 alone it cost the industry $28.3B USD, or about 1.74% of total revenues for the year. Preventing, detecting, and mitigating telecom fraud is the responsibility of both providers and their customers. But, there are also misconce…

An overview of Bandwidth’s approach to fighting telecom fraud

The Internet and tech innovations have ushered in a new era of communications. Simultaneously, fraudsters have claimed their place in the digital age of communications — targeting vulnerable networks and scamming people out of money across the world. How big of a problem is it? Telecom fraud made a …

The 10DLC carrier landscape

We’ve gone over the registration process and pricing for 10DLC, but there are other factors to consider. Now we want to highlight some of the key differences between how the carriers are handling their 10DLC launches. Verizon Verizon doesn’t have any special requirements for registering traffic and …
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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, Jeff Hoffman and Chris Matton.

  • How many employees does Bandwidth have?

    Bandwidth has 772 employees.

  • What is Bandwidth revenue?

    Latest Bandwidth annual revenue is $343.1 m.

  • What is Bandwidth revenue per employee?

    Latest Bandwidth revenue per employee is $444.4 k.

  • Who are Bandwidth competitors?

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

  • 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 and Rochester.

  • How many offices does Bandwidth have?

    Bandwidth has 3 offices.