---
schema_version: "secwatch.filing_event.v1"
accession: "0001514416-23-000149"
form_type: "8-K"
ticker: "BAND"
cik: "0001514416"
company_name: "Bandwidth Inc."
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-09T00:04:19.674542+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Bandwidth beats Q3 guidance; revenue $152M, record free cash flow $18M

## Summary
- Revenue $152M vs $148M YoY, exceeding guidance; non-GAAP gross margin 55%.
- Adjusted EBITDA $14M (up from $13M); record free cash flow of $18M.
- On track for 30% annual profitability growth; reaffirms confidence in 2026 targets.
- CEO cites strong momentum heading into 2024.

## SEC filing metadata
- accession: 0001514416-23-000149
- form_type: 8-K
- ticker: BAND
- cik: 0001514416
- company_name: Bandwidth Inc.
- filed_at: 2023-11-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 5.03, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1514416/000151441623000149/0001514416-23-000149-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1514416/000151441623000149/band-20231102.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001514416-23-000149
- JSON: https://secwatch.observer/filing/0001514416-23-000149.json
- Plain text: https://secwatch.observer/filing/0001514416-23-000149.txt

## Key facts
- Earnings Releases
  Bandwidth Inc. reported the third quarter ended September 30, 2023 results: revenue $ 152.
  - Period: the third quarter ended September 30, 2023
  - Revenue: $ 152
  - Result: reported results
  source text: international callers, and entering passcode 8162695. Investor Contact Sarah Walas Bandwidth 919-504-6585 ir@bandwidth.com Three months ended September 30, 2023 2022 Revenue $ 152 $ 148 Gross Margin 39 % 43 % Non-GAAP Gross Margin (1) 55 % 57 % Adjusted EBITDA (1) $ 14 $ 13 Free Cash Flow (1) $ 18 $ 13 (1) Additional information regarding the
  evidence_url: https://www.sec.gov/Archives/edgar/data/1514416/000151441623000149/0001514416-23-000149-index.htm
- Governance Changes
  Bandwidth Inc.: Adopted Third Amended and Restated Bylaws, addressing universal proxy rules and enhancing stockholder nomination and proposal procedures (effective 2023-11-02).
  - Change: bylaw amendment
  - Effective: 2023-11-02
  source text: On November 2, 2023, the Company’s Board of Directors (the “Board”) approved and adopted an amendment and restatement of the Company’s bylaws (the “Third Amended and Restated Bylaws”), which became effective the same day.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1514416/000151441623000149/0001514416-23-000149-index.htm

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