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Side-by-side financial comparison of Bandwidth Inc. (BAND) and Hippo Holdings Inc. (HIPO). Click either name above to swap in a different company.
Bandwidth Inc. is the larger business by last-quarter revenue ($207.7M vs $120.4M, roughly 1.7× Hippo Holdings Inc.). On growth, Hippo Holdings Inc. posted the faster year-over-year revenue change (18.2% vs -1.1%). Over the past eight quarters, Hippo Holdings Inc.'s revenue compounded faster (18.9% 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.
Hippo Valley Estate is a sugar estate found near the town of Chiredzi in Chiredzi District of southeastern Zimbabwe, on the Runde River near the border with Mozambique.
BAND vs HIPO — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $207.7M | $120.4M |
| Net Profit | — | $6.0M |
| Gross Margin | 37.6% | — |
| Operating Margin | -1.9% | 5.6% |
| Net Margin | — | 5.0% |
| Revenue YoY | -1.1% | 18.2% |
| Net Profit YoY | — | -86.4% |
| EPS (diluted) | $-0.10 | $0.31 |
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 | $120.4M | ||
| Q3 25 | $191.9M | $120.6M | ||
| Q2 25 | $180.0M | $117.3M | ||
| Q1 25 | $174.2M | $110.3M | ||
| Q4 24 | $210.0M | $101.9M | ||
| Q3 24 | $193.9M | $95.5M | ||
| Q2 24 | $173.6M | $89.6M | ||
| Q1 24 | $171.0M | $85.1M |
| Q4 25 | — | $6.0M | ||
| Q3 25 | $-1.2M | $98.1M | ||
| Q2 25 | $-4.9M | $1.3M | ||
| Q1 25 | $-3.7M | $-47.7M | ||
| Q4 24 | — | $44.2M | ||
| Q3 24 | $413.0K | $-8.5M | ||
| Q2 24 | $4.1M | $-40.5M | ||
| Q1 24 | $-9.2M | $-35.7M |
| 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 24 | 38.3% | — |
| Q4 25 | -1.9% | 5.6% | ||
| Q3 25 | -1.0% | 81.3% | ||
| Q2 25 | -2.1% | 3.4% | ||
| Q1 25 | -2.7% | -41.3% | ||
| Q4 24 | -1.3% | 46.3% | ||
| Q3 24 | -0.5% | -5.4% | ||
| Q2 24 | -3.5% | -40.7% | ||
| Q1 24 | -6.1% | -38.7% |
| Q4 25 | — | 5.0% | ||
| Q3 25 | -0.6% | 81.3% | ||
| Q2 25 | -2.7% | 1.1% | ||
| Q1 25 | -2.1% | -43.2% | ||
| Q4 24 | — | 43.4% | ||
| Q3 24 | 0.2% | -8.9% | ||
| Q2 24 | 2.3% | -45.2% | ||
| Q1 24 | -5.4% | -42.0% |
| Q4 25 | $-0.10 | $0.31 | ||
| Q3 25 | $-0.04 | $3.77 | ||
| Q2 25 | $-0.16 | $0.05 | ||
| Q1 25 | $-0.13 | $-1.91 | ||
| Q4 24 | $0.27 | $1.81 | ||
| Q3 24 | $0.01 | $-0.34 | ||
| Q2 24 | $-0.17 | $-1.64 | ||
| Q1 24 | $-0.35 | $-1.47 |
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 | $218.3M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $400.0M | $436.1M |
| Total Assets | $1.1B | $1.9B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $111.3M | $218.3M | ||
| Q3 25 | $80.4M | $247.7M | ||
| Q2 25 | $68.1M | $198.9M | ||
| Q1 25 | $41.7M | $140.9M | ||
| Q4 24 | $83.8M | $197.6M | ||
| Q3 24 | $79.9M | $191.2M | ||
| Q2 24 | $76.4M | $175.9M | ||
| Q1 24 | $147.2M | $223.4M |
| Q4 25 | $400.0M | $436.1M | ||
| Q3 25 | $392.7M | $421.5M | ||
| Q2 25 | $384.5M | $332.5M | ||
| Q1 25 | $345.4M | $322.8M | ||
| Q4 24 | $312.5M | $362.1M | ||
| Q3 24 | $336.6M | $326.4M | ||
| Q2 24 | $307.4M | $322.6M | ||
| Q1 24 | $298.2M | $351.2M |
| Q4 25 | $1.1B | $1.9B | ||
| Q3 25 | $1.0B | $1.9B | ||
| Q2 25 | $1.0B | $1.7B | ||
| Q1 25 | $964.4M | $1.5B | ||
| Q4 24 | $989.2M | $1.5B | ||
| Q3 24 | $1.0B | $1.5B | ||
| Q2 24 | $1.0B | $1.5B | ||
| Q1 24 | $1.1B | $1.5B |
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 | $9.2M |
| Free Cash FlowOCF − Capex | — | $9.1M |
| FCF MarginFCF / Revenue | — | 7.6% |
| Capex IntensityCapex / Revenue | — | 0.1% |
| Cash ConversionOCF / Net Profit | — | 1.53× |
| TTM Free Cash FlowTrailing 4 quarters | — | $14.8M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $38.6M | $9.2M | ||
| Q3 25 | $22.2M | $16.9M | ||
| Q2 25 | $31.7M | $24.7M | ||
| Q1 25 | $-3.1M | $-35.6M | ||
| Q4 24 | $36.5M | $47.5M | ||
| Q3 24 | $20.5M | $46.8M | ||
| Q2 24 | $24.4M | $-10.6M | ||
| Q1 24 | $2.5M | $17.7M |
| Q4 25 | — | $9.1M | ||
| Q3 25 | — | $16.8M | ||
| Q2 25 | — | $24.6M | ||
| Q1 25 | — | $-35.7M | ||
| Q4 24 | — | $47.2M | ||
| Q3 24 | — | — | ||
| Q2 24 | — | $-10.7M | ||
| Q1 24 | — | $17.6M |
| Q4 25 | — | 7.6% | ||
| Q3 25 | — | 13.9% | ||
| Q2 25 | — | 21.0% | ||
| Q1 25 | — | -32.4% | ||
| Q4 24 | — | 46.3% | ||
| Q3 24 | — | — | ||
| Q2 24 | — | -11.9% | ||
| Q1 24 | — | 20.7% |
| Q4 25 | — | 0.1% | ||
| Q3 25 | — | 0.1% | ||
| Q2 25 | — | 0.1% | ||
| Q1 25 | — | 0.1% | ||
| Q4 24 | — | 0.3% | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | — | 0.1% | ||
| Q1 24 | — | 0.1% |
| Q4 25 | — | 1.53× | ||
| Q3 25 | — | 0.17× | ||
| Q2 25 | — | 19.00× | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 1.07× | ||
| 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% |
HIPO
Segment breakdown not available.
