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Side-by-side financial comparison of Bandwidth Inc. (BAND) and HA Sustainable Infrastructure Capital, Inc. (HASI). Click either name above to swap in a different company.
Bandwidth Inc. is the larger business by last-quarter revenue ($208.8M vs $114.8M, roughly 1.8× HA Sustainable Infrastructure Capital, Inc.). Bandwidth Inc. runs the higher net margin — 1.9% vs -46.8%, a 48.7% gap on every dollar of revenue. On growth, Bandwidth Inc. posted the faster year-over-year revenue change (20.1% vs 13.3%). Over the past eight quarters, Bandwidth Inc.'s revenue compounded faster (9.7% CAGR vs 4.2%).
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.
HA Sustainable Infrastructure Capital, Inc. (HASI) is a specialized investment firm focused on sustainable infrastructure assets covering renewable energy, energy efficiency, sustainable real estate and low-carbon utility segments. It primarily operates in North American markets, providing long-term capital to eligible sustainable projects and delivering stable risk-adjusted returns to investors through recurring cash flows from operational underlying assets.
BAND vs HASI — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $208.8M | $114.8M |
| Net Profit | $4.0M | $-53.8M |
| Gross Margin | 37.3% | — |
| Operating Margin | 60.5% | -57.4% |
| Net Margin | 1.9% | -46.8% |
| Revenue YoY | 20.1% | 13.3% |
| Net Profit YoY | 200.0% | -176.7% |
| EPS (diluted) | $-0.08 | $-0.38 |
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 | $207.7M | $114.8M | ||
| Q3 25 | $191.9M | $103.1M | ||
| Q2 25 | $180.0M | $85.7M | ||
| Q1 25 | $174.2M | $96.9M | ||
| Q4 24 | $210.0M | $101.3M | ||
| Q3 24 | $193.9M | $82.0M | ||
| Q2 24 | $173.6M | $94.5M |
| Q1 26 | $4.0M | — | ||
| Q4 25 | — | $-53.8M | ||
| Q3 25 | $-1.2M | $83.3M | ||
| Q2 25 | $-4.9M | $98.4M | ||
| Q1 25 | $-3.7M | $56.6M | ||
| Q4 24 | — | $70.1M | ||
| Q3 24 | $413.0K | $-19.6M | ||
| Q2 24 | $4.1M | $26.5M |
| 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 | -1.9% | -57.4% | ||
| Q3 25 | -1.0% | — | ||
| Q2 25 | -2.1% | — | ||
| Q1 25 | -2.7% | 84.7% | ||
| Q4 24 | -1.3% | 90.9% | ||
| Q3 24 | -0.5% | -32.1% | ||
| Q2 24 | -3.5% | 39.5% |
| Q1 26 | 1.9% | — | ||
| Q4 25 | — | -46.8% | ||
| Q3 25 | -0.6% | 80.8% | ||
| Q2 25 | -2.7% | 114.9% | ||
| Q1 25 | -2.1% | 58.4% | ||
| Q4 24 | — | 69.2% | ||
| Q3 24 | 0.2% | -23.9% | ||
| Q2 24 | 2.3% | 28.1% |
| Q1 26 | $-0.08 | — | ||
| Q4 25 | $-0.10 | $-0.38 | ||
| Q3 25 | $-0.04 | $0.61 | ||
| Q2 25 | $-0.16 | $0.74 | ||
| Q1 25 | $-0.13 | $0.44 | ||
| Q4 24 | $0.27 | $0.58 | ||
| Q3 24 | $0.01 | $-0.17 | ||
| Q2 24 | $-0.17 | $0.23 |
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 | $110.2M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $405.7M | $2.7B |
| Total Assets | $984.2M | $8.2B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $47.3M | — | ||
| Q4 25 | $111.3M | $110.2M | ||
| Q3 25 | $80.4M | $301.8M | ||
| Q2 25 | $68.1M | $86.5M | ||
| Q1 25 | $41.7M | $67.4M | ||
| Q4 24 | $83.8M | $129.8M | ||
| Q3 24 | $79.9M | $44.1M | ||
| Q2 24 | $76.4M | $145.7M |
| Q1 26 | $405.7M | — | ||
| Q4 25 | $400.0M | $2.7B | ||
| Q3 25 | $392.7M | $2.7B | ||
| Q2 25 | $384.5M | $2.6B | ||
| Q1 25 | $345.4M | $2.5B | ||
| Q4 24 | $312.5M | $2.4B | ||
| Q3 24 | $336.6M | $2.3B | ||
| Q2 24 | $307.4M | $2.3B |
| Q1 26 | $984.2M | — | ||
| Q4 25 | $1.1B | $8.2B | ||
| Q3 25 | $1.0B | $8.2B | ||
| Q2 25 | $1.0B | $7.6B | ||
| Q1 25 | $964.4M | $7.5B | ||
| Q4 24 | $989.2M | $7.1B | ||
| Q3 24 | $1.0B | $6.7B | ||
| Q2 24 | $1.0B | $6.7B |
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 | — | $167.3M |
| 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 | $167.3M | ||
| Q3 25 | $22.2M | $-121.8M | ||
| Q2 25 | $31.7M | $79.6M | ||
| Q1 25 | $-3.1M | $-37.1M | ||
| Q4 24 | $36.5M | $5.9M | ||
| Q3 24 | $20.5M | $21.9M | ||
| Q2 24 | $24.4M | $-24.8M |
| 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 | — | -1.46× | ||
| Q2 25 | — | 0.81× | ||
| Q1 25 | — | -0.66× | ||
| Q4 24 | — | 0.08× | ||
| Q3 24 | 49.55× | — | ||
| Q2 24 | 6.03× | -0.94× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
