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Side-by-side financial comparison of Bandwidth Inc. (BAND) and CPI Card Group Inc. (PMTS). Click either name above to swap in a different company.
Bandwidth Inc. is the larger business by last-quarter revenue ($208.8M vs $153.1M, roughly 1.4× CPI Card Group Inc.). CPI Card Group Inc. runs the higher net margin — 4.8% vs 1.9%, a 2.9% gap on every dollar of revenue. On growth, CPI Card Group Inc. posted the faster year-over-year revenue change (22.3% vs 20.1%). CPI Card Group Inc. produced more free cash flow last quarter ($35.2M vs $-1.0M). Over the past eight quarters, CPI Card Group Inc.'s revenue compounded faster (16.9% 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.
CPI Card Group Inc. is a leading provider of payment card production and associated solutions, including contactless and contact credit/debit cards, prepaid cards, and card personalization services. It primarily serves financial institutions, fintech firms, and retail brands across its core North American market.
BAND vs PMTS — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $208.8M | $153.1M |
| Net Profit | $4.0M | $7.3M |
| Gross Margin | 37.3% | 31.5% |
| Operating Margin | 60.5% | 12.0% |
| Net Margin | 1.9% | 4.8% |
| Revenue YoY | 20.1% | 22.3% |
| Net Profit YoY | 200.0% | 8.5% |
| EPS (diluted) | $-0.08 | $0.62 |
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 | $153.1M | ||
| Q3 25 | $191.9M | $138.0M | ||
| Q2 25 | $180.0M | $129.8M | ||
| Q1 25 | $174.2M | $122.8M | ||
| Q4 24 | $210.0M | $125.1M | ||
| Q3 24 | $193.9M | $124.8M | ||
| Q2 24 | $173.6M | $118.8M |
| Q1 26 | $4.0M | — | ||
| Q4 25 | — | $7.3M | ||
| Q3 25 | $-1.2M | $2.3M | ||
| Q2 25 | $-4.9M | $518.0K | ||
| Q1 25 | $-3.7M | $4.8M | ||
| Q4 24 | — | $6.8M | ||
| Q3 24 | $413.0K | $1.3M | ||
| Q2 24 | $4.1M | $6.0M |
| Q1 26 | 37.3% | — | ||
| Q4 25 | 37.6% | 31.5% | ||
| Q3 25 | 38.5% | 29.7% | ||
| Q2 25 | 39.8% | 30.9% | ||
| Q1 25 | 41.0% | 33.2% | ||
| Q4 24 | 36.4% | 34.1% | ||
| Q3 24 | 37.7% | 35.8% | ||
| Q2 24 | 37.3% | 35.7% |
| Q1 26 | 60.5% | — | ||
| Q4 25 | -1.9% | 12.0% | ||
| Q3 25 | -1.0% | 9.4% | ||
| Q2 25 | -2.1% | 7.3% | ||
| Q1 25 | -2.7% | 11.5% | ||
| Q4 24 | -1.3% | 12.7% | ||
| Q3 24 | -0.5% | 14.3% | ||
| Q2 24 | -3.5% | 12.5% |
| Q1 26 | 1.9% | — | ||
| Q4 25 | — | 4.8% | ||
| Q3 25 | -0.6% | 1.7% | ||
| Q2 25 | -2.7% | 0.4% | ||
| Q1 25 | -2.1% | 3.9% | ||
| Q4 24 | — | 5.4% | ||
| Q3 24 | 0.2% | 1.0% | ||
| Q2 24 | 2.3% | 5.1% |
| Q1 26 | $-0.08 | — | ||
| Q4 25 | $-0.10 | $0.62 | ||
| Q3 25 | $-0.04 | $0.19 | ||
| Q2 25 | $-0.16 | $0.04 | ||
| Q1 25 | $-0.13 | $0.40 | ||
| Q4 24 | $0.27 | $0.56 | ||
| Q3 24 | $0.01 | $0.11 | ||
| Q2 24 | $-0.17 | $0.51 |
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 | $21.7M |
| Total DebtLower is stronger | — | $286.7M |
| Stockholders' EquityBook value | $405.7M | $-17.3M |
| Total Assets | $984.2M | $403.2M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $47.3M | — | ||
| Q4 25 | $111.3M | $21.7M | ||
| Q3 25 | $80.4M | $16.0M | ||
| Q2 25 | $68.1M | $17.1M | ||
| Q1 25 | $41.7M | $31.5M | ||
| Q4 24 | $83.8M | $33.5M | ||
| Q3 24 | $79.9M | $14.7M | ||
| Q2 24 | $76.4M | $7.5M |
| Q1 26 | — | — | ||
| Q4 25 | — | $286.7M | ||
| Q3 25 | — | $308.4M | ||
| Q2 25 | — | $310.9M | ||
| Q1 25 | — | $280.7M | ||
| Q4 24 | — | $280.4M | ||
| Q3 24 | — | $280.2M | ||
| Q2 24 | — | $269.7M |
| Q1 26 | $405.7M | — | ||
| Q4 25 | $400.0M | $-17.3M | ||
| Q3 25 | $392.7M | $-25.7M | ||
| Q2 25 | $384.5M | $-29.0M | ||
| Q1 25 | $345.4M | $-29.7M | ||
| Q4 24 | $312.5M | $-35.6M | ||
| Q3 24 | $336.6M | $-42.8M | ||
| Q2 24 | $307.4M | $-44.6M |
| Q1 26 | $984.2M | — | ||
| Q4 25 | $1.1B | $403.2M | ||
| Q3 25 | $1.0B | $407.1M | ||
| Q2 25 | $1.0B | $399.8M | ||
| Q1 25 | $964.4M | $351.9M | ||
| Q4 24 | $989.2M | $349.7M | ||
| Q3 24 | $1.0B | $342.3M | ||
| Q2 24 | $1.0B | $321.4M |
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 | — | $39.6M |
| Free Cash FlowOCF − Capex | $-1.0M | $35.2M |
| FCF MarginFCF / Revenue | -0.5% | 23.0% |
| Capex IntensityCapex / Revenue | — | 2.9% |
| Cash ConversionOCF / Net Profit | — | 5.39× |
| TTM Free Cash FlowTrailing 4 quarters | — | $41.3M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $38.6M | $39.6M | ||
| Q3 25 | $22.2M | $10.0M | ||
| Q2 25 | $31.7M | $4.3M | ||
| Q1 25 | $-3.1M | $5.6M | ||
| Q4 24 | $36.5M | $26.7M | ||
| Q3 24 | $20.5M | $12.5M | ||
| Q2 24 | $24.4M | $-4.8M |
| Q1 26 | $-1.0M | — | ||
| Q4 25 | — | $35.2M | ||
| Q3 25 | — | $5.3M | ||
| Q2 25 | — | $533.0K | ||
| Q1 25 | — | $292.0K | ||
| Q4 24 | — | $21.6M | ||
| Q3 24 | — | $11.1M | ||
| Q2 24 | — | $-6.0M |
| Q1 26 | -0.5% | — | ||
| Q4 25 | — | 23.0% | ||
| Q3 25 | — | 3.8% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | — | 0.2% | ||
| Q4 24 | — | 17.3% | ||
| Q3 24 | — | 8.9% | ||
| Q2 24 | — | -5.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.9% | ||
| Q3 25 | — | 3.4% | ||
| Q2 25 | — | 2.9% | ||
| Q1 25 | — | 4.3% | ||
| Q4 24 | — | 4.0% | ||
| Q3 24 | — | 1.2% | ||
| Q2 24 | — | 1.0% |
| Q1 26 | — | — | ||
| Q4 25 | — | 5.39× | ||
| Q3 25 | — | 4.32× | ||
| Q2 25 | — | 8.39× | ||
| Q1 25 | — | 1.17× | ||
| Q4 24 | — | 3.94× | ||
| Q3 24 | 49.55× | 9.70× | ||
| Q2 24 | 6.03× | -0.79× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BAND
Segment breakdown not available.
PMTS
| US Debit And Credit | $128.9M | 84% |
| US Prepaid Debit | $24.4M | 16% |
