BANDBandwidth Inc.

$46.85

Is it safe?

Can BAND take a bad year?

Bandwidth Inc. carries $149M of net debt at 6.49× EBITDA: a heavy load to carry through a bad year.

$149M

Net debt · as at Q1 2026 · over four years of earnings before interest, tax and depreciation, heavy

Net debt / EBITDA
6.49×

Net debt / EBITDA · 11.7× a year ago · the load is coming down

Altman Z-score
2.17

Altman Z-score · grey zone, between 1.8 and 3

Debt / equity
0.49×

Debt / equity

Details
Total debtQ1 2026
$199M
Cash and short-term investments
$50M
Net debt
$149M
EBITDA, trailing twelve months
$23M
Operating profit, trailing twelve months
−$14M
Debt / equity
0.49×
Total debt / EBITDA
8.69×
Annualised volatilitytwo years of daily moves
77%
Worst drawdown on file
−95%
Below its 52-week high
−38%

Balance sheet from SEC filings; drawdown and volatility from end-of-day closes; Altman Z from the filed statements.