BAND
Bandwidth Inc. Class A Common Stock
NasdaqGSUSDEQUITY
Technology
DELAYED
Last price
47.52
▼ 0.63 (1.31%)
MARKET · —
Price
Open
47.82
Prev close
48.15
Day high
49.19
Day low
45.62
Volume
733.60K
Market cap
$1.53B
P/E (TTM)
—
52W range
12.50 – 79.08
Trailing performance
Returnvs SPY
1W
-11.95%
-10.6%
1M
-19.10%
-22.8%
3M
-18.82%
-21.9%
6M
+214.29%
+203.2%
YTD
+207.57%
+195.3%
1Y
+238.22%
+218.2%
3Y
+264.42%
+190.2%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Fundamentals
Market cap$1.53B
Enterprise value$1.91B
Revenue (TTM)$828.24M
Gross profit$308.33M
EBITDA$40.45M
Net income$2.26M
EPS (TTM)$-0.34
Free cash flow$72.43M
Total cash$174.36M
Total debt$554.42M
Book value / share$11.75
Shares outstanding30.22M
Float29.07M
Short % of float14.92%
Dividend yield—
Beta (5Y)3.01
Valuation & profitability ratios
Trailing P/E—
Forward P/E24.67
PEG ratio—
Price / sales—
Price / book4.04
EV / revenue2.31
EV / EBITDA47.20
Gross margin37.23%
Operating margin-2.07%
Profit margin0.27%
Return on equity0.59%
Return on assets-0.86%
Debt / equity146.61
Current ratio2.04
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Total revenue | $753.82M | $748.49M | $601.12M | $573.15M |
| Cost of revenue | $0 | $0 | $0 | $0 |
| Gross profit | $0 | $0 | $0 | $0 |
| R&D | — | — | — | — |
| SG&A | — | — | — | — |
| Operating income | — | — | — | — |
| Pre-tax income | — | — | — | — |
| Tax provision | $0 | $0 | $0 | $0 |
| Net income | -$12.91M | -$6.52M | -$16.34M | $19.57M |
| EBIT | $0 | $0 | $0 | $0 |
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Cash & equivalents | — | — | — | — |
| Short-term investments | — | — | — | — |
| Net receivables | — | — | — | — |
| Inventory | — | — | — | — |
| Total current assets | — | — | — | — |
| Total assets | — | — | — | — |
| Total current liabilities | — | — | — | — |
| Long-term debt | — | — | — | — |
| Total liabilities | — | — | — | — |
| Retained earnings | — | — | — | — |
| Shareholder equity | — | — | — | — |
| Line item | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Net income | -$12.91M | -$6.52M | -$16.34M | $19.57M |
| Depreciation | — | — | — | — |
| Change in working capital | — | — | — | — |
| Operating cash flow | — | — | — | — |
| Capital expenditure | — | — | — | — |
| Investing cash flow | — | — | — | — |
| Dividends paid | — | — | — | — |
| Buybacks | — | — | — | — |
| Financing cash flow | — | — | — | — |
| Net change in cash | — | — | — | — |
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 0.36 | 0.37 | +1.7% |
| Mar 2026 | 0.30 | 0.38 | +28.4% |
| Dec 2025 | 0.33 | 0.35 | +4.8% |
| Sep 2025 | 0.37 | 0.36 | -3.2% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 0.47 | 5 | $232.94M | +21.4% |
| Next quarter | 0.52 | 5 | $243.96M | +17.5% |
| Current year | 1.75 | 5 | $905.60M | +20.1% |
| Next year | 1.93 | 5 | $944.49M | +4.3% |
Analyst targets & ownership
Mean target$70.75
High target$86.00
Low target$52.00
Implied upside48.88%
Analyst count4
ConsensusBUY
Strong buy / Buy2 / 2
Hold1
Sell / Strong sell0 / 0
Held by insiders3.18%
Held by institutions102.94%
Institutions holding319
Price targets, consensus spread, insider and institutional ownership.
Insider net activity
Net shares
-13.91K
Net selling
Buy transactions
32
390.18K shares
Sell transactions
31
404.09K shares
Net transactions
+63
Buys less sells
Sell : buy shares
1.0 : 1
Mixed
Insider-held shares
1.02M
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| Aug 17, 26 | SURIANO DOUGLAS A Director |
SELL | 4.00K | $212.36K | Direct |
| Aug 10, 26 | AGARWAL DEVESH Chief Operating Officer |
SELL | 3.17K | $160.09K | Direct |
| Aug 7, 26 | AGARWAL DEVESH Chief Operating Officer |
— | 7.37K | — | Direct |
| Jun 12, 26 | KRUPKA DEVIN M Officer |
SELL | 14.41K | $943.26K | Direct |
| Jun 5, 26 | ASBILL RICHARD BRANDON General Counsel |
SELL | 29.21K | $2.10M | Direct |
| Jun 3, 26 | MORKEN DAVID ANDREW Chief Executive Officer |
STOCK | 7.20K | $0 | Direct |
| Jun 2, 26 | ROSS KADE B Chief Technology Officer |
SELL | 4.00K | $277.56K | Direct |
| Jun 2, 26 | RAIFORD DARYL E Chief Financial Officer |
SELL | 14.31K | $985.00K | Direct |
| Jun 1, 26 | RAIFORD DARYL E Chief Financial Officer |
SELL | 8.19K | $504.31K | Direct |
| May 29, 26 | AGARWAL DEVESH Chief Operating Officer |
SELL | 4.07K | $239.26K | Direct |
| May 29, 26 | BOTTORFF REBECCA Officer and Director |
SELL | 2.18K | $128.05K | Direct |
| May 29, 26 | ROSS KADE B Chief Technology Officer |
SELL | 1.59K | $93.45K | Direct |
| May 29, 26 | ASBILL RICHARD BRANDON General Counsel |
SELL | 1.78K | $104.80K | Direct |
| May 29, 26 | KRUPKA DEVIN M Officer |
SELL | 1.20K | $70.50K | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
AGARWAL DEVESH |
Chief Operating Officer | 72.78K | Sale |
ASBILL RICHARD BRANDON |
General Counsel | 3.00K | Sale |
BAILEY BRIAN D |
Director | — | Conversion of Exercise of derivative security |
BOTTORFF REBECCA |
Officer and Director | 5.62K | Sale |
KRUPKA DEVIN M |
Officer | 11.96K | Sale |
MURDOCK JOHN C |
Director | 118.82K | Conversion of Exercise of derivative security |
RAIFORD DARYL E |
Chief Financial Officer | 28.61K | Sale |
ROSS KADE B |
Chief Technology Officer | 44.00K | Sale |
ROUSH LUKAS M |
Director | 59.94K | Conversion of Exercise of derivative security |
SURIANO DOUGLAS A |
Director | 42.08K | Sale |
Moving averages & technicals
SMA 10
51.80
-8.27% from price
SMA 20
48.62
-2.26% from price
SMA 50
57.19
-16.91% from price
SMA 100
49.34
-3.68% from price
SMA 200
31.98
+48.58% from price
EMA 12
50.75
-6.36% from price
EMA 26
52.79
-9.98% from price
EMA 50
53.60
-11.35% from price
RSI (14)
41.0
Neutral
MACD (12,26,9)
-2.05
Hist 0.37
ATR (14)
3.62
7.62% of price
Realised vol 30D
127.3%
Annualised
Bollinger upper
59.69
20, 2σ
Bollinger lower
37.55
20, 2σ
50 / 200 cross
Golden
57.19 vs 31.98
Trend bias
Above 200
+48.58%
Risk profile
Beta vs SPY
2.15
More volatile than market
Correlation to SPY
0.30
Loosely linked
Realised vol 30D
127.3%
Annualised
Market vol 1Y
12.9%
SPY, annualised
Max drawdown 1Y
-52.9%
Peak to trough
Max drawdown 5Y
-91.4%
Peak to trough
ATR 14
3.62
7.62% of price
Beta (reported)
3.01
5Y monthly, from filing
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Options analytics
Put / call volume
1.00
Call-heavy session
Put / call open interest
3.78
Positioning, not flow
Max pain
50.00
+5.2% from spot
ATM implied vol
77.1%
Nearest strike to spot
Skew (10% OTM)
-2.1%
Calls bid over puts
Call volume
88
Contracts, this expiry
Put volume
88
Contracts, this expiry
Heaviest call OI
60.00
427 contracts
Heaviest put OI
45.00
2.59K contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
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PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.