Cloud communications revenue for 2025 was $561 million.
Segment Performance
Cloud communications revenue mix for 2025 was as follows:
- Global Voice Plans: 72% of cloud communications revenue, up 8% year over year.
- Enterprise Voice: 9% of cloud communications revenue, up 21% year over year.
- Programmable Messaging: 19% of cloud communications revenue, up 7% year over year, normalized for 2024 political campaign revenue.
Share Repurchase Program
The company’s Board of Directors authorized a share repurchase program of up to $80 million of its Class A common stock. Repurchases may be executed through open market transactions, privately negotiated trades, or other permitted methods, depending on market conditions.
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2026 Outlook
Bandwidth issued the following guidance for full-year 2026:
- Revenue: $864 million to $884 million
- Adjusted EBITDA: $117 million to $123 million
- Non-GAAP EPS: $1.66 to $1.74
For the first quarter of 2026, the company expects revenue between $200 million and $203 million.
Management indicated the outlook reflects approximately 16% revenue growth and 29% Adjusted EBITDA growth for 2026.