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Side-by-side financial comparison of Bandwidth Inc. (BAND) and Bioventus Inc. (BVS). Click either name above to swap in a different company.
Bandwidth Inc. is the larger business by last-quarter revenue ($207.7M vs $157.9M, roughly 1.3× Bioventus Inc.). On growth, Bioventus Inc. posted the faster year-over-year revenue change (2.8% vs -1.1%). Over the past eight quarters, Bioventus Inc.'s revenue compounded faster (10.4% CAGR vs 10.2%).
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.
Bioventus Inc. is a global medical technology company specializing in orthobiologic solutions. It develops and commercializes products supporting bone and joint healing, musculoskeletal pain management, and regenerative care for patients. Its offerings serve orthopedic clinicians, physical therapists, and patients across North America, Europe, and Asia Pacific, with core segments covering surgical orthobiologics and non-surgical pain relief solutions.
BAND vs BVS — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $207.7M | $157.9M |
| Net Profit | — | $14.8M |
| Gross Margin | 37.6% | 68.9% |
| Operating Margin | -1.9% | 12.3% |
| Net Margin | — | 9.3% |
| Revenue YoY | -1.1% | 2.8% |
| Net Profit YoY | — | 3902.8% |
| EPS (diluted) | $-0.10 | $0.21 |
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.
| Q4 25 | $207.7M | $157.9M | ||
| Q3 25 | $191.9M | $138.7M | ||
| Q2 25 | $180.0M | $147.7M | ||
| Q1 25 | $174.2M | $123.9M | ||
| Q4 24 | $210.0M | $153.6M | ||
| Q3 24 | $193.9M | $139.0M | ||
| Q2 24 | $173.6M | $151.2M | ||
| Q1 24 | $171.0M | $129.5M |
| Q4 25 | — | $14.8M | ||
| Q3 25 | $-1.2M | $3.2M | ||
| Q2 25 | $-4.9M | $7.5M | ||
| Q1 25 | $-3.7M | $-2.6M | ||
| Q4 24 | — | $-388.0K | ||
| Q3 24 | $413.0K | $-5.2M | ||
| Q2 24 | $4.1M | $-25.7M | ||
| Q1 24 | $-9.2M | $-4.9M |
| Q4 25 | 37.6% | 68.9% | ||
| Q3 25 | 38.5% | 68.0% | ||
| Q2 25 | 39.8% | 69.1% | ||
| Q1 25 | 41.0% | 67.0% | ||
| Q4 24 | 36.4% | 66.8% | ||
| Q3 24 | 37.7% | 67.3% | ||
| Q2 24 | 37.3% | 68.5% | ||
| Q1 24 | 38.3% | 68.3% |
| Q4 25 | -1.9% | 12.3% | ||
| Q3 25 | -1.0% | 8.1% | ||
| Q2 25 | -2.1% | 12.4% | ||
| Q1 25 | -2.7% | 3.9% | ||
| Q4 24 | -1.3% | 5.0% | ||
| Q3 24 | -0.5% | 2.6% | ||
| Q2 24 | -3.5% | -20.8% | ||
| Q1 24 | -6.1% | 3.8% |
| Q4 25 | — | 9.3% | ||
| Q3 25 | -0.6% | 2.3% | ||
| Q2 25 | -2.7% | 5.1% | ||
| Q1 25 | -2.1% | -2.1% | ||
| Q4 24 | — | -0.3% | ||
| Q3 24 | 0.2% | -3.7% | ||
| Q2 24 | 2.3% | -17.0% | ||
| Q1 24 | -5.4% | -3.8% |
| Q4 25 | $-0.10 | $0.21 | ||
| Q3 25 | $-0.04 | $0.05 | ||
| Q2 25 | $-0.16 | $0.11 | ||
| Q1 25 | $-0.13 | $-0.04 | ||
| Q4 24 | $0.27 | $0.00 | ||
| Q3 24 | $0.01 | $-0.08 | ||
| Q2 24 | $-0.17 | $-0.40 | ||
| Q1 24 | $-0.35 | $-0.08 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $111.3M | $51.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $400.0M | $184.1M |
| Total Assets | $1.1B | $683.6M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $111.3M | $51.2M | ||
| Q3 25 | $80.4M | $42.2M | ||
| Q2 25 | $68.1M | $32.9M | ||
| Q1 25 | $41.7M | $22.8M | ||
| Q4 24 | $83.8M | $41.6M | ||
| Q3 24 | $79.9M | $43.1M | ||
| Q2 24 | $76.4M | $32.0M | ||
| Q1 24 | $147.2M | $25.2M |
| Q4 25 | $400.0M | $184.1M | ||
| Q3 25 | $392.7M | $166.1M | ||
| Q2 25 | $384.5M | $161.2M | ||
| Q1 25 | $345.4M | $148.1M | ||
| Q4 24 | $312.5M | $147.9M | ||
| Q3 24 | $336.6M | $148.7M | ||
| Q2 24 | $307.4M | $150.9M | ||
| Q1 24 | $298.2M | $171.3M |
| Q4 25 | $1.1B | $683.6M | ||
| Q3 25 | $1.0B | $701.6M | ||
| Q2 25 | $1.0B | $706.8M | ||
| Q1 25 | $964.4M | $691.4M | ||
| Q4 24 | $989.2M | $728.0M | ||
| Q3 24 | $1.0B | $769.5M | ||
| Q2 24 | $1.0B | $792.2M | ||
| Q1 24 | $1.1B | $794.2M |
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 | $38.6M | $38.0M |
| Free Cash FlowOCF − Capex | — | $37.4M |
| FCF MarginFCF / Revenue | — | 23.7% |
| Capex IntensityCapex / Revenue | — | 0.4% |
| Cash ConversionOCF / Net Profit | — | 2.57× |
| TTM Free Cash FlowTrailing 4 quarters | — | $72.1M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $38.6M | $38.0M | ||
| Q3 25 | $22.2M | $30.1M | ||
| Q2 25 | $31.7M | $25.9M | ||
| Q1 25 | $-3.1M | $-19.3M | ||
| Q4 24 | $36.5M | $19.3M | ||
| Q3 24 | $20.5M | $10.3M | ||
| Q2 24 | $24.4M | $15.2M | ||
| Q1 24 | $2.5M | $-6.0M |
| Q4 25 | — | $37.4M | ||
| Q3 25 | — | $29.6M | ||
| Q2 25 | — | $25.3M | ||
| Q1 25 | — | $-20.2M | ||
| Q4 24 | — | $18.7M | ||
| Q3 24 | — | $10.3M | ||
| Q2 24 | — | $15.1M | ||
| Q1 24 | — | $-6.3M |
| Q4 25 | — | 23.7% | ||
| Q3 25 | — | 21.4% | ||
| Q2 25 | — | 17.1% | ||
| Q1 25 | — | -16.3% | ||
| Q4 24 | — | 12.2% | ||
| Q3 24 | — | 7.4% | ||
| Q2 24 | — | 10.0% | ||
| Q1 24 | — | -4.9% |
| Q4 25 | — | 0.4% | ||
| Q3 25 | — | 0.3% | ||
| Q2 25 | — | 0.5% | ||
| Q1 25 | — | 0.7% | ||
| Q4 24 | — | 0.4% | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | — | 0.1% | ||
| Q1 24 | — | 0.2% |
| Q4 25 | — | 2.57× | ||
| Q3 25 | — | 9.54× | ||
| Q2 25 | — | 3.48× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 49.55× | — | ||
| Q2 24 | 6.03× | — | ||
| Q1 24 | — | — |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BAND
| Messaging Surcharges | $192.4M | 93% |
| Other | $15.2M | 7% |
BVS
| Pain Treatments | $71.1M | 45% |
| Surgical Solutions | $48.9M | 31% |
| Restorative Therapies | $19.5M | 12% |
| Other | $18.4M | 12% |
