secwatch.observer — SEC 8-K summary
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Issuer:     Bandwidth Inc. (BAND)
CIK:        0001514416
Form:       8-K
Filed at:   2025-02-20T23:59:59+00:00
Accession:  0001514416-25-000022
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bandwidth reports record Q4 revenue of $210M, adjusted EBITDA $23M; repurchases $27.4M of convertible notes
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- Q4 revenue $210M (+27% YoY), FY revenue $748M (+24% YoY), both records.
- Non-GAAP gross margin improved to 58% in Q4 (FY 57%) from 55% a year earlier.
- Adjusted EBITDA Q4 $23M, FY $82M (up 71% YoY); net loss narrowed to $2M from $11M.
- FY free cash flow record $59M (up from $19M); operating cash flow $84M.
- Repurchased $27.4M principal of 0.250% Convertible Notes due 2026 for $26.1M cash; $7.6M remains outstanding.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1514416/000151441625000022/0001514416-25-000022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1514416/000151441625000022/band-20250220.htm
  HTML page:      https://secwatch.observer/filing/0001514416-25-000022

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer