Bandwidth Inc. Financial Ratios — BAND Stock

Profitability (USD)

	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Return on Common Equity (%)	- -	- -	- -	19.33	1.32	-12.56	-6.5	5.72	-5.74	-2.14	-3.62
Return on Assets (%)	- -	33.59	6.84	14.06	1.01	-7.14	-2.8	1.96	-1.61	-0.62	-1.26
Return on Capital (%)	- -	- -	9.86	- -	- -	- -	- -	- -	- -	- -	- -
Return on Invested Capital (%)	- -	- -	18.85	- -	- -	- -	- -	- -	- -	- -	- -
Gross Margin (%)	42.5	43.99	45.22	47.02	46.28	46.01	43.55	41.59	39.29	37.4	39.14
EBITDA Margin (%)	10.91	14.06	12.48	6.16	-1.67	2.36	7.01	1.97	1.04	3.9	5.23
Operating Margin (%)	5.78	10.02	8.97	3.31	-7.61	-3.94	-0.46	-4.24	-5.9	-2.68	-1.91
Incremental Operating Margin (%)	- -	50.8	-5.79	-19.11	- -	- -	- -	- -	- -	- -	- -
Pretax Margin (%)	5.35	9.42	7.91	3.46	-6.55	-8.44	-6.35	3.02	-3.21	-1.2	-2.2
Profit Margin (%)	-4.86	14.7	3.66	8.78	1.07	-12.82	-5.57	3.41	-2.72	-0.87	-1.71
Net Income to Common Margin (%)	-4.86	14.7	3.66	8.78	1.07	-12.82	-5.57	3.41	-2.72	-0.87	-1.71
Effective Tax Rate (%)	5.53	- -	53.67	- -	- -	- -	- -	- -	- -	- -	- -
Dvd Payout Ratio (%)	- -	117.97	- -	- -	- -	- -	- -	- -	- -	- -	- -
Sustainable Growth Rate (%)	- -	- -	- -	19.33	1.32	-12.56	-6.5	5.72	-5.74	-2.14	-3.62

Credit (USD)

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	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Total Debt	17	45	- -	- -	25	305	503	493	645	504	480
ST Debt	17	7	- -	- -	5	6	6	7	5	3	12
LT Debt	- -	38	- -	- -	20	299	497	485	639	500	469
Total Debt/EBITDA	1.14	2.1	- -	- -	-6.37	37.62	14.63	43.69	102.96	17.26	12.19
Net Debt/EBITDA	0.46	1.78	-1.85	-3.28	47.46	25.9	4.5	32.54	45.77	6.84	3.87
Total Debt/EBIT	2.15	2.94	0.01	- -	-1.4	-22.59	-225.03	-20.25	-18.18	-25.11	-33.42
Net Debt/EBIT	0.87	2.5	-2.57	-6.11	10.42	-15.55	-69.28	-15.08	-8.08	-9.94	-10.61
EBITDA to Interest Expense	- -	- -	- -	- -	- -	- -	1.2	3.7	7.75	15.68	19.43
EBITDA-CapEx/Interest Expense	- -	- -	- -	- -	- -	- -	-0.57	-16.1	-3.71	8.17	8.45
EBIT to Interest Expense	- -	- -	- -	- -	- -	- -	-0.08	-7.98	-43.88	-10.78	-7.09
Interest Expense	- -	- -	- -	- -	- -	- -	29	3	1	2	2
Common Equity/Total Assets	-30.21	-31.98	73.41	72.31	79.11	48.27	38.72	29.29	27.01	31.6	38
Long-Term Debt/Equity (%)	1.2	- -	- -	- -	7.36	69.64	120.55	178.26	214.89	160.14	117.15
Long-Term Debt/Capital (%)	0.17	85.22	- -	- -	6.74	40.73	54.3	63.44	67.85	61.32	53.24
Long-Term Debt/Total Assets (%)	0.05	53.93	- -	- -	5.82	33.62	46.68	52.21	58.04	50.6	44.52
Total Debt/Equity (%)	624.45	-8,064.57	0.12	- -	9.16	70.97	122	181	216.73	161.13	120.05
Total Debt/Capital (%)	86.2	101.26	0.12	- -	8.39	41.51	54.96	64.41	68.43	61.7	54.56
Total Debt/Total Assets (%)	27.14	64.08	0.09	- -	7.25	34.26	47.24	53.01	58.54	50.91	45.61
Net Debt to Equity	252.95	-6,843.71	-48.93	-37.93	-68.28	48.85	37.56	134.8	96.35	63.82	38.1
Net Debt/Capital (%)	70.68	101.48	-95.81	-61.12	-167.01	31.69	26.52	56.35	35.38	27.16	19.61
EBITDA	15	21	20	13	-4	8	34	11	6	29	39
EBITDA-CapEx	13	18	15	- -	-26	-4	-16	-49	-3	15	17
Operating Income (Loss)	8	15	15	7	-18	-14	-2	-24	-35	-20	-14

Liquidity (USD)

API ChatGPT

	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Cash Ratio	0.17	0.22	1.53	1.79	4.03	1.22	3.55	1.62	1.25	0.6	0.72
Current Ratio	0.54	0.92	2.66	2.8	4.96	2.1	4.42	2.45	2.06	1.34	1.42
Quick Ratio	0.39	0.78	2.4	2.53	4.69	1.82	4.2	2.27	1.89	1.21	1.32
CFO/Avg Current Liab	- -	0.12	0.53	0.86	-0.03	0.07	0.44	0.34	0.33	0.64	0.61
Common Equity/Total Assets	-30.21	-31.98	73.41	72.31	79.11	48.27	38.72	29.29	27.01	31.6	38
Long-Term Debt/Equity (%)	1.2	- -	- -	- -	7.36	69.64	120.55	178.26	214.89	160.14	117.15
Long-Term Debt/Capital (%)	0.17	85.22	- -	- -	6.74	40.73	54.3	63.44	67.85	61.32	53.24
Long-Term Debt/Total Assets (%)	0.05	53.93	- -	- -	5.82	33.62	46.68	52.21	58.04	50.6	44.52
Total Debt/Equity (%)	624.45	-8,064.57	0.12	- -	9.16	70.97	122	181	216.73	161.13	120.05
Total Debt/Capital (%)	86.2	101.26	0.12	- -	8.39	41.51	54.96	64.41	68.43	61.7	54.56
Total Debt/Total Assets (%)	27.14	64.08	0.09	- -	7.25	34.26	47.24	53.01	58.54	50.91	45.61
CFO/Total Liabilities	-6.31	7.31	52.63	59.14	-1.76	0.98	6.25	5.31	4.85	12.4	13.71
CFO/CapEx	-1.82	1.35	2.91	1.98	-0.06	0.37	0.8	0.58	4.21	6	4.02
Altman's Z-Score	1.2	2.84	11.3	13.5	13.84	6.28	3.15	2	1.2	1.64	1.64

Working Capital (USD)

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	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Accounts Receivable Turnover	- -	5.97	4.26	7	16.43	16.66	16.94	15.65	15.52	19.32	19.74
Days Sales Outstanding	- -	61.09	85.59	52.14	22.21	21.91	21.54	23.32	23.51	18.89	18.49
Inventory Turnover	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Days Inventory Outstanding	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Accounts Payable Turnover	- -	18.66	23.15	33.57	32.85	23.37	26.63	18.66	11.97	14.98	12.93
Accounts Payable Turnover Days	- -	19.56	15.77	10.87	11.11	15.62	13.7	19.56	30.48	24.37	28.23
Cash Conversion Cycle	- -	41.54	69.82	41.26	11.1	6.29	7.84	3.76	-6.97	-5.48	-9.74
Inventory to Cash Days	- -	61.09	85.59	52.14	22.21	21.91	21.54	23.32	23.51	18.89	18.49
Inventories	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Raw Materials	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Work In Process	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Finished Goods	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
Other Inventory	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -

Enterprise Value (USD)

API ChatGPT

	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Market Capitalization	- -	- -	408	792	1,506	3,828	1,804	582	379	486	484
- Cash & Cash Equivalents	10	7	38	41	184	72	331	114	132	82	103
+ Preferred Equity and Hybrid Capital	22	22	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Minority/Non Controlling Interest	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -	- -
+ Total Debt	17	45	- -	- -	25	305	503	493	645	504	480
Enterprise Value	29	60	370	733	1,346	4,021	1,976	889	870	906	853
Total Capital	20	44	77	109	295	735	916	765	942	816	880
Total Debt/Capital (%)	86.2	101.26	0.12	- -	8.39	41.51	54.96	64.41	68.43	61.7	54.56
Total Debt / EV	0.59	0.75	- -	- -	0.02	0.08	0.25	0.55	0.74	0.56	0.56
EV/Sales	0.21	0.39	2.27	3.59	5.79	11.72	4.03	1.55	1.45	1.21	1.13
EV/EBITDA	1.92	2.8	18.21	58.27	- -	495.77	57.44	78.88	138.92	31.03	21.66
EV/EBIT	3.63	3.93	25.33	108.54	- -	- -	- -	- -	- -	- -	- -
EV/Cash Flow to Firm	- -	11.62	25.32	29.75	- -	889.93	29.92	23.19	21.91	10.62	9.37
EV/Free Cash Flow to Firm	- -	6.66	18.85	19.78	64.22	239.46	16.93	9.01	17.77	9.13	7.53
Diluted Market Cap	- -	- -	336	861	1,532	3,702	1,801	709	371	463	463
Diluted Enterprise Value	29	60	299	820	1,373	3,935	1,972	1,088	883	885	841
EV per Share	1.64	3.4	20.99	37.73	57.26	161.42	78.6	35.09	33.24	31.73	27.22
TTM Sales	138	152	163	204	233	343	491	573	601	748	754
TTM EBITDA	15	21	20	13	-4	8	34	11	6	29	39
TTM Operating Income	8	15	15	7	-18	-14	-2	-24	-35	-20	-14
TTM Cash Flow to Firm	-4	5	15	25	-1	5	66	38	40	85	91
TTM Free Cash Flow to Firm	-2	9	20	37	21	17	117	99	49	99	113

Multiples (USD)

API ChatGPT

	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	2024 Y	2025 Y
As of date	12/31/2015	12/31/2016	12/31/2017	12/31/2018	12/31/2019	12/31/2020	12/31/2021	12/31/2022	12/31/2023	12/31/2024	12/31/2025

Price/Free Cash Flow	- -	- -	17.12	23.25	73.1	220.49	19.68	7.45	7.68	4.73	4.15
EV/EBIT	3.63	3.93	25.33	108.54	- -	- -	- -	- -	- -	- -	- -
Enterprise Value	29	60	370	733	1,346	4,021	1,976	889	870	906	853
Low Price	- -	- -	18.05	19.45	39.42	50.89	62.07	9.2	9.34	11.9	11.33
EV/Sales	0.21	0.39	2.27	3.59	5.79	11.72	4.03	1.55	1.45	1.21	1.13
EV/EBITDA	1.92	2.8	18.21	58.27	- -	495.77	57.44	78.88	138.92	31.03	21.66
Price/Earnings	- -	- -	48.75	42.23	581.44	- -	- -	29.65	- -	- -	- -
Price/Earnings Average	- -	- -	45.34	39.44	594.29	-66.28	-108.19	33.97	-22.71	-74.24	-35.14
Price/Earnings High	- -	- -	52.69	59.59	822.74	-108.8	-180.37	95.59	-45.56	-104.35	-46.18
Price/Earnings Low	- -	- -	38.06	20.16	357.85	-27.88	-56.92	11.89	-14.63	-49.63	-26.32
Price/Book Value	- -	- -	5.32	7.28	5.58	8.9	4.37	2.14	1.27	1.55	1.21
Price/Book Value Average	- -	- -	4.94	6.8	5.7	7.01	7.19	2.45	1.28	1.63	1.19
Price/Book Value High	- -	- -	5.75	10.27	7.89	11.51	11.99	6.89	2.56	2.29	1.56
Price/Book Value Low	- -	- -	4.15	3.47	3.43	2.95	3.78	0.86	0.82	1.09	0.89
Price/Tangible Book Value	- -	- -	6.56	8.35	5.87	-20.11	-12.61	-2.51	-1.84	-3.24	-5.07
Price/Tangible Book Value Average	- -	- -	6.1	7.8	6	-15.83	-20.74	-2.88	-1.85	-3.39	-4.96
Price/Tangible Book Value High	- -	- -	7.09	11.78	8.3	-25.99	-34.57	-8.1	-3.7	-4.76	-6.52
Price/Tangible Book Value Low	- -	- -	5.12	3.98	3.61	-6.66	-10.91	-1.01	-1.19	-2.26	-3.72
Price/Sales	- -	- -	1.79	3.71	6.23	10.79	3.67	1.01	0.62	0.62	0.61
Price/Sales Average	- -	- -	1.66	3.46	6.37	8.5	6.03	1.16	0.62	0.65	0.6
Price/Sales High	- -	- -	1.93	5.23	8.82	13.95	10.05	3.26	1.24	0.91	0.79
Price/Sales Low	- -	- -	1.39	1.77	3.84	3.57	3.17	0.41	0.4	0.43	0.45
Price/Cash Flow	- -	- -	19.91	30.73	-1,157.32	819.46	44.13	16.62	9.5	5.52	5.18
Price/Cash Flow Average	- -	- -	18.51	28.7	-1,182.88	645.2	72.55	19.04	9.52	5.77	5.07
Price/Cash Flow High	- -	- -	21.52	43.35	-1,637.59	1,059.08	120.96	53.59	19.09	8.12	6.66
Price/Cash Flow Low	- -	- -	15.54	14.67	-712.28	271.37	38.17	6.66	6.13	3.86	3.8
Price/Free Cash Flow Average	- -	- -	15.92	21.71	74.71	173.6	32.35	8.53	7.69	4.95	4.06
Price/Free Cash Flow High	- -	- -	18.5	32.81	103.44	284.97	53.94	24.01	15.43	6.96	5.34
Price/Free Cash Flow Low	- -	- -	13.36	11.1	44.99	73.02	17.02	2.99	4.95	3.31	3.04
EV/Sales Average	0.21	0.39	2.1	3.42	5.93	9.46	6.39	1.82	1.48	1.24	1.13
EV/Sales High	0.21	0.39	2.47	5.27	8.47	15.1	10.42	3.93	2.12	1.52	1.33
EV/Sales Low	0.21	0.39	1.72	1.65	3.3	4.37	3.53	1.07	1.26	1.02	0.97
EV/EBITDA Average	1.92	2.8	16.81	55.5	-355	400.34	91.22	92.72	142.45	31.87	21.62
EV/EBITDA High	1.92	2.8	19.84	85.53	-507.26	638.72	148.75	199.93	203.38	38.93	25.4
EV/EBITDA Low	1.92	2.8	13.81	26.76	-197.42	185.03	50.36	54.29	120.89	26.09	18.59
EV/EBIT Average	3.63	3.93	23.38	103.37	-77.97	-240.41	-1,402.95	-42.98	-25.15	-46.36	-59.26
EV/EBIT High	3.63	3.93	27.59	159.3	-111.41	-383.56	-2,287.7	-92.67	-35.91	-56.63	-69.63
EV/EBIT Low	3.63	3.93	19.21	49.84	-43.36	-111.11	-774.5	-25.17	-21.34	-37.96	-50.98
Last Price	- -	- -	23.12	40.75	64.05	153.67	71.76	22.95	14.47	17.02	15.45
High Price	- -	- -	24.99	57.5	90.63	198.6	196.7	73.99	29.07	25.02	19.88
Enterprise Value Average	29	60	342	698	1,380	3,247	3,138	1,045	892	930	852
Enterprise Value High	29	60	403	1,076	1,971	5,180	5,118	2,254	1,273	1,136	1,000
Enterprise Value Low	29	60	281	337	767	1,501	1,733	612	757	761	732

Shares Outstanding	18	18	18	19	24	25	25	25	26	29	31
Diluted Weighted Avg Shares	15	15	15	21	24	24	25	31	26	27	30
Basic Weighted Avg Shares	14	14	13	19	23	24	25	25	26	27	30
Revenue per Share	10.15	11.2	12.94	10.99	10.27	14.24	19.57	22.67	23.47	27.51	25.13
EBITDA per Share	1.11	1.57	1.61	0.68	-0.17	0.34	1.37	0.45	0.24	1.07	1.31
Operating Income per Share	0.59	1.12	1.16	0.36	-0.78	-0.56	-0.09	-0.96	-1.38	-0.74	-0.48
Basic EPS, GAAP	-0.49	1.65	0.47	0.96	0.11	-1.83	-1.09	0.77	-0.64	-0.24	-0.43
Basic EPS from Cont Ops	0.51	1.87	0.47	0.96	0.11	-1.83	-1.09	0.77	-0.64	-0.24	-0.43
Diluted EPS, GAAP	-0.46	1.53	0.41	0.85	0.1	-1.83	-1.09	0.63	-0.64	-0.24	-0.43
Diluted EPS from Cont Ops	0.48	1.75	0.41	0.85	0.1	-1.83	-1.09	0.63	-0.64	-0.24	-0.43
Dividend per Share	- -	2.21	- -	- -	- -	- -	- -	- -	- -	- -	- -
Cash Flow per Share	-0.28	0.38	1.16	1.33	-0.06	0.19	1.63	1.38	1.52	3.08	2.98
Free Cash Flow per Basic Share	-0.43	0.1	0.76	0.66	-1.04	-0.32	-0.39	-1.01	1.16	2.57	2.24
Cash & Equivalents per Share	0.57	0.39	2.13	3.02	7.84	4.5	13.18	7.29	5.87	2.94	3.55
Book Value per Share	-1.08	-1.27	4.35	5.6	11.49	17.26	16.41	10.74	11.37	10.95	12.76
Tangible Book Value per Share	-2.04	-2.14	3.53	4.88	10.92	-7.64	-5.69	-9.14	-7.85	-5.26	-3.05

Bandwidth Inc.

Profitability (USD)

Credit (USD)

Liquidity (USD)

Working Capital (USD)

Enterprise Value (USD)

Multiples (USD)

Per Share Data Items (USD)