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Side-by-side financial comparison of Bandwidth Inc. (BAND) and BRANDYWINE REALTY TRUST (BDN). Click either name above to swap in a different company.
Bandwidth Inc. is the larger business by last-quarter revenue ($208.8M vs $127.0M, roughly 1.6× BRANDYWINE REALTY TRUST). Bandwidth Inc. runs the higher net margin — 1.9% vs -38.4%, a 40.3% gap on every dollar of revenue. On growth, Bandwidth Inc. posted the faster year-over-year revenue change (20.1% vs 4.5%). Over the past eight quarters, Bandwidth Inc.'s revenue compounded faster (9.7% CAGR vs 0.7%).
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.
Brandywine Realty Trust is a Philadelphia-based real estate investment trust (REIT) that invests in office buildings in Philadelphia, Washington, D.C., and Austin, Texas.
BAND vs BDN — Head-to-Head
Income Statement — Q1 FY2026 vs Q1 FY2026
| Metric | | |
|---|---|---|
| Revenue | $208.8M | $127.0M |
| Net Profit | $4.0M | $-48.8M |
| Gross Margin | 37.3% | — |
| Operating Margin | 60.5% | 1.2% |
| Net Margin | 1.9% | -38.4% |
| Revenue YoY | 20.1% | 4.5% |
| Net Profit YoY | 200.0% | -80.4% |
| EPS (diluted) | $-0.08 | $-0.28 |
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 | $127.0M | ||
| Q4 25 | $207.7M | $121.0M | ||
| Q3 25 | $191.9M | $121.4M | ||
| Q2 25 | $180.0M | $120.6M | ||
| Q1 25 | $174.2M | $121.5M | ||
| Q4 24 | $210.0M | $121.9M | ||
| Q3 24 | $193.9M | $131.8M | ||
| Q2 24 | $173.6M | $125.3M |
| Q1 26 | $4.0M | $-48.8M | ||
| Q4 25 | — | $-36.7M | ||
| Q3 25 | $-1.2M | $-25.9M | ||
| Q2 25 | $-4.9M | $-88.7M | ||
| Q1 25 | $-3.7M | $-27.0M | ||
| Q4 24 | — | $-44.5M | ||
| Q3 24 | $413.0K | $-165.2M | ||
| Q2 24 | $4.1M | $30.2M |
| Q1 26 | 37.3% | — | ||
| Q4 25 | 37.6% | 61.3% | ||
| Q3 25 | 38.5% | 62.6% | ||
| Q2 25 | 39.8% | 62.4% | ||
| Q1 25 | 41.0% | 60.8% | ||
| Q4 24 | 36.4% | 61.2% | ||
| Q3 24 | 37.7% | 64.9% | ||
| Q2 24 | 37.3% | 63.1% |
| Q1 26 | 60.5% | 1.2% | ||
| Q4 25 | -1.9% | 22.8% | ||
| Q3 25 | -1.0% | 20.8% | ||
| Q2 25 | -2.1% | -34.3% | ||
| Q1 25 | -2.7% | 12.5% | ||
| Q4 24 | -1.3% | 18.0% | ||
| Q3 24 | -0.5% | -7.2% | ||
| Q2 24 | -3.5% | 15.5% |
| Q1 26 | 1.9% | -38.4% | ||
| Q4 25 | — | -30.3% | ||
| Q3 25 | -0.6% | -21.3% | ||
| Q2 25 | -2.7% | -73.5% | ||
| Q1 25 | -2.1% | -22.2% | ||
| Q4 24 | — | -36.5% | ||
| Q3 24 | 0.2% | -125.4% | ||
| Q2 24 | 2.3% | 24.1% |
| Q1 26 | $-0.08 | $-0.28 | ||
| Q4 25 | $-0.10 | $-0.21 | ||
| Q3 25 | $-0.04 | $-0.15 | ||
| Q2 25 | $-0.16 | $-0.51 | ||
| Q1 25 | $-0.13 | $-0.16 | ||
| Q4 24 | $0.27 | $-0.25 | ||
| Q3 24 | $0.01 | $-0.96 | ||
| Q2 24 | $-0.17 | $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 | $36.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $405.7M | — |
| Total Assets | $984.2M | $3.6B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $47.3M | $36.2M | ||
| Q4 25 | $111.3M | $32.3M | ||
| Q3 25 | $80.4M | $75.5M | ||
| Q2 25 | $68.1M | $122.6M | ||
| Q1 25 | $41.7M | $29.4M | ||
| Q4 24 | $83.8M | $90.2M | ||
| Q3 24 | $79.9M | $36.5M | ||
| Q2 24 | $76.4M | $30.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | $2.6B | ||
| Q3 25 | — | $2.3B | ||
| Q2 25 | — | $2.3B | ||
| Q1 25 | — | $2.2B | ||
| Q4 24 | — | $2.2B | ||
| Q3 24 | — | $2.3B | ||
| Q2 24 | — | $2.2B |
| Q1 26 | $405.7M | — | ||
| Q4 25 | $400.0M | $792.7M | ||
| Q3 25 | $392.7M | $841.5M | ||
| Q2 25 | $384.5M | $879.8M | ||
| Q1 25 | $345.4M | $993.6M | ||
| Q4 24 | $312.5M | $1.0B | ||
| Q3 24 | $336.6M | $1.1B | ||
| Q2 24 | $307.4M | $1.3B |
| Q1 26 | $984.2M | $3.6B | ||
| Q4 25 | $1.1B | $3.6B | ||
| Q3 25 | $1.0B | $3.3B | ||
| Q2 25 | $1.0B | $3.4B | ||
| Q1 25 | $964.4M | $3.4B | ||
| Q4 24 | $989.2M | $3.5B | ||
| Q3 24 | $1.0B | $3.6B | ||
| Q2 24 | $1.0B | $3.8B |
| Q1 26 | — | — | ||
| Q4 25 | — | 3.23× | ||
| Q3 25 | — | 2.70× | ||
| Q2 25 | — | 2.63× | ||
| Q1 25 | — | 2.23× | ||
| Q4 24 | — | 2.13× | ||
| Q3 24 | — | 2.06× | ||
| Q2 24 | — | 1.73× |
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 | — | — |
| Free Cash FlowOCF − Capex | $-1.0M | — |
| FCF MarginFCF / Revenue | -0.5% | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $38.6M | $116.7M | ||
| Q3 25 | $22.2M | $47.5M | ||
| Q2 25 | $31.7M | $34.4M | ||
| Q1 25 | $-3.1M | $6.3M | ||
| Q4 24 | $36.5M | $181.1M | ||
| Q3 24 | $20.5M | $52.2M | ||
| Q2 24 | $24.4M | $48.2M |
| Q1 26 | $-1.0M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | -0.5% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 49.55× | — | ||
| Q2 24 | 6.03× | 1.60× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BAND
Segment breakdown not available.
BDN
| Rents | $120.7M | 95% |
| Third party management fees, labor reimbursement and leasing | $4.7M | 4% |
