---
schema_version: "secwatch.filing_event.v1"
accession: "0001514416-23-000085"
form_type: "8-K"
ticker: "BAND"
cik: "0001514416"
company_name: "Bandwidth Inc."
filed_at: "2023-05-02T23:59:59+00:00"
generated_at: "2026-06-16T03:21:22.279375+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Bandwidth Q1 revenue $138M beats guidance; messaging revenue up 8% YoY

## Summary
- Revenue of $138M, up 5% YoY, exceeding company guidance.
- Non-GAAP gross margin improved to 54% from 53% YoY; GAAP gross margin 40% vs 42%.
- Adjusted EBITDA $5M, down from $8M in Q1 2022; dollar-based net retention 109% (vs 114%).
- CEO cites enterprise customer growth, Maestro product, and AI tech as key drivers.
- Focus on profitability and direct-to-enterprise momentum remains strategic priority.

## SEC filing metadata
- accession: 0001514416-23-000085
- form_type: 8-K
- ticker: BAND
- cik: 0001514416
- company_name: Bandwidth Inc.
- filed_at: 2023-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1514416/000151441623000085/0001514416-23-000085-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1514416/000151441623000085/band-20230502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001514416-23-000085
- JSON: https://secwatch.observer/filing/0001514416-23-000085.json
- Plain text: https://secwatch.observer/filing/0001514416-23-000085.txt

## Key facts
- Earnings Releases
  Bandwidth Inc. reported first quarter ended March 31, 2023 results: revenue $138 million.
  - Period: first quarter ended March 31, 2023
  - Revenue: $138 million
  - Result: reported results
  source text: Bandwidth Announces First Quarter 2023 Financial Results First quarter revenue of $138 million exceeded guidance
  evidence_url: https://www.sec.gov/Archives/edgar/data/1514416/000151441623000085/0001514416-23-000085-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.