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Side-by-side financial comparison of Bandwidth Inc. (BAND) and Paymentus Holdings, Inc. (PAY). Click either name above to swap in a different company.
Paymentus Holdings, Inc. is the larger business by last-quarter revenue ($330.5M vs $208.8M, roughly 1.6× Bandwidth Inc.). Paymentus Holdings, Inc. runs the higher net margin — 6.3% vs 1.9%, a 4.3% gap on every dollar of revenue. On growth, Paymentus Holdings, Inc. posted the faster year-over-year revenue change (28.1% vs 20.1%). Paymentus Holdings, Inc. produced more free cash flow last quarter ($45.0M vs $-1.0M). Over the past eight quarters, Paymentus Holdings, Inc.'s revenue compounded faster (33.7% CAGR vs 9.7%).
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.
Paymentus Holdings, Inc. is a leading cloud-based bill payment and customer engagement technology provider. It offers integrated digital payment solutions, billing automation tools, and self-service portals for enterprises across utilities, financial services, government, healthcare, and telecommunications segments, primarily operating in the North American market.
BAND vs PAY — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $208.8M | $330.5M |
| Net Profit | $4.0M | $20.7M |
| Gross Margin | 37.3% | 25.4% |
| Operating Margin | 60.5% | 7.3% |
| Net Margin | 1.9% | 6.3% |
| Revenue YoY | 20.1% | 28.1% |
| Net Profit YoY | 200.0% | 57.2% |
| EPS (diluted) | $-0.08 | $0.16 |
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 | $330.5M | ||
| Q3 25 | $191.9M | $310.7M | ||
| Q2 25 | $180.0M | $280.1M | ||
| Q1 25 | $174.2M | $275.2M | ||
| Q4 24 | $210.0M | $257.9M | ||
| Q3 24 | $193.9M | $231.6M | ||
| Q2 24 | $173.6M | $197.4M |
| Q1 26 | $4.0M | — | ||
| Q4 25 | — | $20.7M | ||
| Q3 25 | $-1.2M | $17.7M | ||
| Q2 25 | $-4.9M | $14.7M | ||
| Q1 25 | $-3.7M | $13.8M | ||
| Q4 24 | — | $13.1M | ||
| Q3 24 | $413.0K | $14.4M | ||
| Q2 24 | $4.1M | $9.4M |
| Q1 26 | 37.3% | — | ||
| Q4 25 | 37.6% | 25.4% | ||
| Q3 25 | 38.5% | 24.1% | ||
| Q2 25 | 39.8% | 25.5% | ||
| Q1 25 | 41.0% | 24.0% | ||
| Q4 24 | 36.4% | 25.6% | ||
| Q3 24 | 37.7% | 26.2% | ||
| Q2 24 | 37.3% | 29.8% |
| Q1 26 | 60.5% | — | ||
| Q4 25 | -1.9% | 7.3% | ||
| Q3 25 | -1.0% | 6.4% | ||
| Q2 25 | -2.1% | 5.7% | ||
| Q1 25 | -2.7% | 5.7% | ||
| Q4 24 | -1.3% | 5.5% | ||
| Q3 24 | -0.5% | 5.2% | ||
| Q2 24 | -3.5% | 5.2% |
| Q1 26 | 1.9% | — | ||
| Q4 25 | — | 6.3% | ||
| Q3 25 | -0.6% | 5.7% | ||
| Q2 25 | -2.7% | 5.3% | ||
| Q1 25 | -2.1% | 5.0% | ||
| Q4 24 | — | 5.1% | ||
| Q3 24 | 0.2% | 6.2% | ||
| Q2 24 | 2.3% | 4.7% |
| Q1 26 | $-0.08 | — | ||
| Q4 25 | $-0.10 | $0.16 | ||
| Q3 25 | $-0.04 | $0.14 | ||
| Q2 25 | $-0.16 | $0.11 | ||
| Q1 25 | $-0.13 | $0.11 | ||
| Q4 24 | $0.27 | $0.11 | ||
| Q3 24 | $0.01 | $0.11 | ||
| Q2 24 | $-0.17 | $0.07 |
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 | $320.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $405.7M | $560.4M |
| Total Assets | $984.2M | $667.9M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $47.3M | — | ||
| Q4 25 | $111.3M | $320.9M | ||
| Q3 25 | $80.4M | $287.9M | ||
| Q2 25 | $68.1M | $266.4M | ||
| Q1 25 | $41.7M | $245.8M | ||
| Q4 24 | $83.8M | $205.9M | ||
| Q3 24 | $79.9M | $187.5M | ||
| Q2 24 | $76.4M | $188.8M |
| Q1 26 | $405.7M | — | ||
| Q4 25 | $400.0M | $560.4M | ||
| Q3 25 | $392.7M | $537.4M | ||
| Q2 25 | $384.5M | $516.7M | ||
| Q1 25 | $345.4M | $500.4M | ||
| Q4 24 | $312.5M | $485.6M | ||
| Q3 24 | $336.6M | $468.8M | ||
| Q2 24 | $307.4M | $451.6M |
| Q1 26 | $984.2M | — | ||
| Q4 25 | $1.1B | $667.9M | ||
| Q3 25 | $1.0B | $644.4M | ||
| Q2 25 | $1.0B | $609.5M | ||
| Q1 25 | $964.4M | $590.9M | ||
| Q4 24 | $989.2M | $576.2M | ||
| Q3 24 | $1.0B | $552.9M | ||
| Q2 24 | $1.0B | $527.7M |
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 | — | $45.1M |
| Free Cash FlowOCF − Capex | $-1.0M | $45.0M |
| FCF MarginFCF / Revenue | -0.5% | 13.6% |
| Capex IntensityCapex / Revenue | — | 0.0% |
| Cash ConversionOCF / Net Profit | — | 2.18× |
| TTM Free Cash FlowTrailing 4 quarters | — | $161.8M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $38.6M | $45.1M | ||
| Q3 25 | $22.2M | $35.1M | ||
| Q2 25 | $31.7M | $31.5M | ||
| Q1 25 | $-3.1M | $50.4M | ||
| Q4 24 | $36.5M | $27.9M | ||
| Q3 24 | $20.5M | $6.7M | ||
| Q2 24 | $24.4M | $18.0M |
| Q1 26 | $-1.0M | — | ||
| Q4 25 | — | $45.0M | ||
| Q3 25 | — | $35.0M | ||
| Q2 25 | — | $31.4M | ||
| Q1 25 | — | $50.4M | ||
| Q4 24 | — | $27.8M | ||
| Q3 24 | — | $6.7M | ||
| Q2 24 | — | $17.8M |
| Q1 26 | -0.5% | — | ||
| Q4 25 | — | 13.6% | ||
| Q3 25 | — | 11.3% | ||
| Q2 25 | — | 11.2% | ||
| Q1 25 | — | 18.3% | ||
| Q4 24 | — | 10.8% | ||
| Q3 24 | — | 2.9% | ||
| Q2 24 | — | 9.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.0% | ||
| Q3 25 | — | 0.0% | ||
| Q2 25 | — | 0.0% | ||
| Q1 25 | — | 0.0% | ||
| Q4 24 | — | 0.0% | ||
| Q3 24 | — | 0.0% | ||
| Q2 24 | — | 0.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.18× | ||
| Q3 25 | — | 1.98× | ||
| Q2 25 | — | 2.14× | ||
| Q1 25 | — | 3.65× | ||
| Q4 24 | — | 2.12× | ||
| Q3 24 | 49.55× | 0.47× | ||
| Q2 24 | 6.03× | 1.93× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BAND
Segment breakdown not available.
PAY
| Payment Transaction Processing Revenue | $326.9M | 99% |
| Other | $3.5M | 1% |
