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Side-by-side financial comparison of ALLIANCE ENTERTAINMENT HOLDING CORP (AENT) and Bandwidth Inc. (BAND). Click either name above to swap in a different company.
ALLIANCE ENTERTAINMENT HOLDING CORP is the larger business by last-quarter revenue ($368.7M vs $208.8M, roughly 1.8× Bandwidth Inc.). ALLIANCE ENTERTAINMENT HOLDING CORP runs the higher net margin — 2.5% vs 1.9%, a 0.6% gap on every dollar of revenue. On growth, Bandwidth Inc. posted the faster year-over-year revenue change (20.1% vs -6.3%). Bandwidth Inc. produced more free cash flow last quarter ($-1.0M vs $-16.9M). Over the past eight quarters, ALLIANCE ENTERTAINMENT HOLDING CORP's revenue compounded faster (32.1% CAGR vs 9.7%).
Alliance Atlantis Communications Inc. was a media company that operated primarily as a specialty service provider in Canada. Primarily based in Toronto, Alliance Atlantis also had offices in Halifax, Los Angeles, London, Dublin, Madrid, Barcelona, Shannon, and Sydney.
Bandwidth Inc. is a communications platform as a service company. It sells software application programming interfaces for voice, text messaging and emergency services, using its own global IP voice network.
AENT vs BAND — Head-to-Head
Income Statement — Q2 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $368.7M | $208.8M |
| Net Profit | $9.4M | $4.0M |
| Gross Margin | — | 37.3% |
| Operating Margin | 4.7% | 60.5% |
| Net Margin | 2.5% | 1.9% |
| Revenue YoY | -6.3% | 20.1% |
| Net Profit YoY | 32.8% | 200.0% |
| EPS (diluted) | $0.18 | $-0.08 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q1 26 | — | $208.8M | ||
| Q4 25 | $368.7M | $207.7M | ||
| Q3 25 | $254.0M | $191.9M | ||
| Q2 25 | $227.8M | $180.0M | ||
| Q1 25 | $213.0M | $174.2M | ||
| Q4 24 | $393.7M | $210.0M | ||
| Q3 24 | $229.0M | $193.9M | ||
| Q2 24 | $236.9M | $173.6M |
| Q1 26 | — | $4.0M | ||
| Q4 25 | $9.4M | — | ||
| Q3 25 | $4.9M | $-1.2M | ||
| Q2 25 | $5.8M | $-4.9M | ||
| Q1 25 | $1.9M | $-3.7M | ||
| Q4 24 | $7.1M | — | ||
| Q3 24 | $397.0K | $413.0K | ||
| Q2 24 | $2.5M | $4.1M |
| Q1 26 | — | 37.3% | ||
| Q4 25 | — | 37.6% | ||
| Q3 25 | — | 38.5% | ||
| Q2 25 | — | 39.8% | ||
| Q1 25 | — | 41.0% | ||
| Q4 24 | — | 36.4% | ||
| Q3 24 | — | 37.7% | ||
| Q2 24 | — | 37.3% |
| Q1 26 | — | 60.5% | ||
| Q4 25 | 4.7% | -1.9% | ||
| Q3 25 | 4.2% | -1.0% | ||
| Q2 25 | 4.3% | -2.1% | ||
| Q1 25 | 1.7% | -2.7% | ||
| Q4 24 | 3.8% | -1.3% | ||
| Q3 24 | 0.9% | -0.5% | ||
| Q2 24 | 0.2% | -3.5% |
| Q1 26 | — | 1.9% | ||
| Q4 25 | 2.5% | — | ||
| Q3 25 | 1.9% | -0.6% | ||
| Q2 25 | 2.5% | -2.7% | ||
| Q1 25 | 0.9% | -2.1% | ||
| Q4 24 | 1.8% | — | ||
| Q3 24 | 0.2% | 0.2% | ||
| Q2 24 | 1.1% | 2.3% |
| Q1 26 | — | $-0.08 | ||
| Q4 25 | $0.18 | $-0.10 | ||
| Q3 25 | $0.10 | $-0.04 | ||
| Q2 25 | $0.11 | $-0.16 | ||
| Q1 25 | $0.04 | $-0.13 | ||
| Q4 24 | $0.14 | $0.27 | ||
| Q3 24 | $0.01 | $0.01 | ||
| Q2 24 | $0.05 | $-0.17 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | — | $47.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $117.6M | $405.7M |
| Total Assets | $434.1M | $984.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | $47.3M | ||
| Q4 25 | — | $111.3M | ||
| Q3 25 | — | $80.4M | ||
| Q2 25 | — | $68.1M | ||
| Q1 25 | — | $41.7M | ||
| Q4 24 | — | $83.8M | ||
| Q3 24 | $4.3M | $79.9M | ||
| Q2 24 | $1.1M | $76.4M |
| Q1 26 | — | $405.7M | ||
| Q4 25 | $117.6M | $400.0M | ||
| Q3 25 | $108.1M | $392.7M | ||
| Q2 25 | $103.2M | $384.5M | ||
| Q1 25 | $97.4M | $345.4M | ||
| Q4 24 | $95.6M | $312.5M | ||
| Q3 24 | $88.0M | $336.6M | ||
| Q2 24 | $87.6M | $307.4M |
| Q1 26 | — | $984.2M | ||
| Q4 25 | $434.1M | $1.1B | ||
| Q3 25 | $383.0M | $1.0B | ||
| Q2 25 | $361.2M | $1.0B | ||
| Q1 25 | $349.4M | $964.4M | ||
| Q4 24 | $401.7M | $989.2M | ||
| Q3 24 | $395.7M | $1.0B | ||
| Q2 24 | $340.8M | $1.0B |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $-16.5M | — |
| Free Cash FlowOCF − Capex | $-16.9M | $-1.0M |
| FCF MarginFCF / Revenue | -4.6% | -0.5% |
| Capex IntensityCapex / Revenue | 0.1% | — |
| Cash ConversionOCF / Net Profit | -1.76× | — |
| TTM Free Cash FlowTrailing 4 quarters | $-1.4M | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $-16.5M | $38.6M | ||
| Q3 25 | $2.7M | $22.2M | ||
| Q2 25 | $10.7M | $31.7M | ||
| Q1 25 | $2.5M | $-3.1M | ||
| Q4 24 | $25.3M | $36.5M | ||
| Q3 24 | $-11.6M | $20.5M | ||
| Q2 24 | $9.7M | $24.4M |
| Q1 26 | — | $-1.0M | ||
| Q4 25 | $-16.9M | — | ||
| Q3 25 | $2.4M | — | ||
| Q2 25 | $10.7M | — | ||
| Q1 25 | $2.4M | — | ||
| Q4 24 | — | — | ||
| Q3 24 | $-11.6M | — | ||
| Q2 24 | — | — |
| Q1 26 | — | -0.5% | ||
| Q4 25 | -4.6% | — | ||
| Q3 25 | 0.9% | — | ||
| Q2 25 | 4.7% | — | ||
| Q1 25 | 1.1% | — | ||
| Q4 24 | — | — | ||
| Q3 24 | -5.1% | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | 0.1% | — | ||
| Q3 25 | 0.1% | — | ||
| Q2 25 | 0.0% | — | ||
| Q1 25 | 0.0% | — | ||
| Q4 24 | 0.0% | — | ||
| Q3 24 | 0.0% | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | -1.76× | — | ||
| Q3 25 | 0.56× | — | ||
| Q2 25 | 1.86× | — | ||
| Q1 25 | 1.33× | — | ||
| Q4 24 | 3.57× | — | ||
| Q3 24 | -29.31× | 49.55× | ||
| Q2 24 | 3.85× | 6.03× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
