secwatch.observer — SEC 8-K summary
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Issuer:     Bandwidth Inc. (BAND)
CIK:        0001514416
Form:       8-K
Filed at:   2026-02-19T23:59:59+00:00
Accession:  0001514416-26-000014
Event type: earnings
Sentiment:  positive
Materiality: 0.72
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Bandwidth Q4 Adj EBITDA $25M (record), guides 16% revenue growth in 2026, authorizes $80M buyback
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- Q4 2025 revenue $208M (vs $210M YoY); GAAP net loss $(3M); non-GAAP net income $11M; Adj EBITDA $25M (record).
- Full year 2025 revenue $754M (+0.8% YoY); Adj EBITDA $93M (+13% YoY); free cash flow $57M.
- 2026 outlook: ~16% revenue growth, ~29% Adj EBITDA growth, implying ~$874M revenue and ~$120M EBITDA.
- Board authorized $80M share repurchase program, first in company history.
- CEO highlighted record million-dollar+ deals and enterprise adoption of AI-driven voice.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1514416/000151441626000014/0001514416-26-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1514416/000151441626000014/band-20260219.htm
  HTML page:      https://secwatch.observer/filing/0001514416-26-000014

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