---
schema_version: "secwatch.filing_event.v1"
accession: "0001514416-23-000120"
form_type: "8-K"
ticker: "BAND"
cik: "0001514416"
company_name: "Bandwidth Inc."
filed_at: "2023-08-02T23:59:59+00:00"
generated_at: "2026-06-12T13:03:49.995891+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Bandwidth Q2 revenue $146M, adjusted EBITDA $11M beat guidance; secured $50M credit facility

## Summary
- Q2 revenue $146M (vs $136M YoY); adjusted EBITDA $11M (vs $5M YoY), both above guidance ranges.
- Non-GAAP gross margin 55% (vs 53% YoY); messaging revenue +11% YoY; dollar-based net retention 106%.
- Entered $50M revolving credit facility (maturity Aug 2028) with $25M accordion, secured by assets.
- Credit facility includes financial covenants: minimum EBITDA stepping up to $60M and minimum liquidity $75M.

## SEC filing metadata
- accession: 0001514416-23-000120
- form_type: 8-K
- ticker: BAND
- cik: 0001514416
- company_name: Bandwidth Inc.
- filed_at: 2023-08-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 2.02, 2.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1514416/000151441623000120/0001514416-23-000120-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1514416/000151441623000120/band-20230801.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001514416-23-000120
- JSON: https://secwatch.observer/filing/0001514416-23-000120.json
- Plain text: https://secwatch.observer/filing/0001514416-23-000120.txt

## Key facts
- Earnings Releases
  Bandwidth Inc. reported the second quarter ended June 30, 2023 results: revenue $ 146.
  - Period: the second quarter ended June 30, 2023
  - Revenue: $ 146
  - Result: reported results
  source text: Three months ended June 30, 2023 2022 Revenue $ 146 $ 136 Gross Margin 40 % 41 % Non-GAAP Gross Margin (1) 55 % 53 % Adjusted EBITDA (1) $ 11 $ 5 Dollar-based net retention rate (2) 106 % 112 %
  evidence_url: https://www.sec.gov/Archives/edgar/data/1514416/000151441623000120/0001514416-23-000120-index.htm
- Material Agreements
  Bandwidth Inc. entered into Credit Agreement with Bank of America, N.A. valued at $50.0 million (effective 2023-08-01).
  - Action: entry
  - Agreement: credit facility
  - Counterparty: Bank of America, N.A.
  - Value: $50.0 million
  - Effective: 2023-08-01
  source text: On August 1, 2023, Bandwidth Inc. (the “Company”) entered into a credit agreement (the “Credit Agreement”) among the Company, as borrower, the lenders from time to time party thereto, and Bank of America, N.A., as administrative agent, swingline lender and letters of credit issuer. The Credit Agreement provides for a $50.0 million revolving credit facility (the “Credit Facility”), including a $15.0 million sublimit for the issuance of letters of credit and a swingline subfacility of up to $5.0 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1514416/000151441623000120/0001514416-23-000120-index.htm

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