---
schema_version: "secwatch.filing_event.v1"
accession: "0001514416-24-000080"
form_type: "8-K"
ticker: "BAND"
cik: "0001514416"
company_name: "Bandwidth Inc."
filed_at: "2024-05-07T23:59:59+00:00"
generated_at: "2026-06-02T17:53:47.226058+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Bandwidth Q1 revenue $171M, beats guidance; raises FY2024 outlook; repurchases $140M notes

## Summary
- Q1 revenue $171M, up 24% YoY; adjusted EBITDA $16M, up from $5M YoY; non-GAAP gross margin 57% vs 54%.
- Raised FY2024 guidance for revenue and profitability after exceeding Q1 forecasts.
- Upsized revolving credit facility to $100M from $50M, extended maturity to May 2029.
- Repurchased $140M of 0.250% convertible notes due 2026 for ~$127.5M cash; $35M remains outstanding.
- COO Anthony Bartolo resigns effective after transition period; no disagreement cited.

## SEC filing metadata
- accession: 0001514416-24-000080
- form_type: 8-K
- ticker: BAND
- cik: 0001514416
- company_name: Bandwidth Inc.
- filed_at: 2024-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 1.01, 2.02, 2.03, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1514416/000151441624000080/0001514416-24-000080-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1514416/000151441624000080/band-20240507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001514416-24-000080
- JSON: https://secwatch.observer/filing/0001514416-24-000080.json
- Plain text: https://secwatch.observer/filing/0001514416-24-000080.txt

## Key facts
- Debt Financings
  Bandwidth Inc. amended revolving credit of increase the aggregate revolving credit commitments from $50.0 million to $100.0 million with Bank of America, N.A. maturing extend the maturity date to the earlier of May 1, 2029 (previously August 1, 2028) or the date that is 91 days prior to the scheduled maturity date or mandatory.
  - Instrument: revolving credit
  - Principal: increase the aggregate revolving credit commitments from $50.0 million to $100.0 million
  - Counterparty: Bank of America, N.A.
  - Maturity: extend the maturity date to the earlier of May 1, 2029 (previously August 1, 2028) or the date that is 91 days prior to the scheduled maturity date or mandatory
  - Event: amendment
  source text: LLC as Joint Lead Arrangers and Joint Bookrunners. Effective as of May 1, 2024, the Credit Agreement was amended to: • increase the aggregate revolving credit commitments from $50.0 million to $100.0 million; • increase the swingline sublimit from $5.0 million to $10.0 million; • increase from $75.0 million to $82.5 million the minimum liquidity (which includes the
  evidence_url: https://www.sec.gov/Archives/edgar/data/1514416/000151441624000080/0001514416-24-000080-index.htm
- Earnings Releases
  Bandwidth Inc. updated its first quarter ended March 31, 2024 guidance (raised).
  - Period: first quarter ended March 31, 2024
  - Guidance: raised
  - Result: reported results
  source text: On May 7, 2024, the Company issued a press release reporting its financial results for the first quarter ended March 31, 2024.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1514416/000151441624000080/0001514416-24-000080-index.htm
- Executive change
  Anthony F. Bartolo resigned as Chief Operating Officer at Bandwidth Inc..
  - Action: resigned
  - Role: Chief Operating Officer
  source text: On May 6, 2024, Anthony F. Bartolo informed the Company that he has decided to resign his position as Chief Operating Officer of Bandwidth, following a transition period.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1514416/000151441624000080/0001514416-24-000080-index.htm
- Material Agreements
  Bandwidth Inc. amended Credit Agreement with Bank of America, N.A., as administrative agent, swingline lender and letters of credit issuer (effective 2024-05-01).
  - Action: amendment
  - Agreement: credit facility
  - Counterparty: Bank of America, N.A., as administrative agent, swingline lender and letters of credit issuer
  - Effective: 2024-05-01
  source text: On May 1, 2024, Bandwidth Inc. (the “Company”) entered into an amendment (the “Credit Agreement Amendment”) to the credit agreement (as amended, the “Credit Agreement”) among the Company, as borrower, certain subsidiaries of the Company, as guarantors, the lenders from time to time party thereto, and Bank of America, N.A., as administrative agent, swingline lender and letters of credit issuer, with BofA Securities, Inc. and Wells Fargo Securities, LLC as Joint Lead Arrangers and Joint Bookrunners.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1514416/000151441624000080/0001514416-24-000080-index.htm

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