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Side-by-side financial comparison of Bandwidth Inc. (BAND) and Purple Innovation, Inc. (PRPL). Click either name above to swap in a different company.
Bandwidth Inc. is the larger business by last-quarter revenue ($208.8M vs $140.7M, roughly 1.5× Purple Innovation, Inc.). Bandwidth Inc. runs the higher net margin — 1.9% vs -2.3%, a 4.2% gap on every dollar of revenue. On growth, Bandwidth Inc. posted the faster year-over-year revenue change (20.1% vs 9.1%). Bandwidth Inc. produced more free cash flow last quarter ($-1.0M vs $-7.8M). Over the past eight quarters, Bandwidth Inc.'s revenue compounded faster (9.7% CAGR vs 8.3%).
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.
Purple Carrot is a Needham, Massachusetts-based, and 100% plant-based meal kit company. Founded by Andy Levitt, it offers both prepared meals as well as meal kits to subscribers weekly. As stated in a 2022 article in Cosmopolitan, “each Purple Carrot meal kit results in 72% less carbon being released into the atmosphere as compared to the standard American meal.”
BAND vs PRPL — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $208.8M | $140.7M |
| Net Profit | $4.0M | $-3.2M |
| Gross Margin | 37.3% | 41.9% |
| Operating Margin | 60.5% | -1.6% |
| Net Margin | 1.9% | -2.3% |
| Revenue YoY | 20.1% | 9.1% |
| Net Profit YoY | 200.0% | 62.1% |
| EPS (diluted) | $-0.08 | $0.03 |
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 | $140.7M | ||
| Q3 25 | $191.9M | $118.8M | ||
| Q2 25 | $180.0M | $105.1M | ||
| Q1 25 | $174.2M | $104.2M | ||
| Q4 24 | $210.0M | $129.0M | ||
| Q3 24 | $193.9M | $118.6M | ||
| Q2 24 | $173.6M | $120.3M |
| Q1 26 | $4.0M | — | ||
| Q4 25 | — | $-3.2M | ||
| Q3 25 | $-1.2M | $-11.7M | ||
| Q2 25 | $-4.9M | $-17.3M | ||
| Q1 25 | $-3.7M | $-19.1M | ||
| Q4 24 | — | $-8.5M | ||
| Q3 24 | $413.0K | $-39.2M | ||
| Q2 24 | $4.1M | $27.0K |
| Q1 26 | 37.3% | — | ||
| Q4 25 | 37.6% | 41.9% | ||
| Q3 25 | 38.5% | 42.8% | ||
| Q2 25 | 39.8% | 35.9% | ||
| Q1 25 | 41.0% | 39.4% | ||
| Q4 24 | 36.4% | 42.9% | ||
| Q3 24 | 37.7% | 29.7% | ||
| Q2 24 | 37.3% | 40.7% |
| Q1 26 | 60.5% | — | ||
| Q4 25 | -1.9% | -1.6% | ||
| Q3 25 | -1.0% | -10.2% | ||
| Q2 25 | -2.1% | -13.5% | ||
| Q1 25 | -2.7% | -13.9% | ||
| Q4 24 | -1.3% | -6.0% | ||
| Q3 24 | -0.5% | -39.5% | ||
| Q2 24 | -3.5% | -12.1% |
| Q1 26 | 1.9% | — | ||
| Q4 25 | — | -2.3% | ||
| Q3 25 | -0.6% | -9.9% | ||
| Q2 25 | -2.7% | -16.5% | ||
| Q1 25 | -2.1% | -18.4% | ||
| Q4 24 | — | -6.6% | ||
| Q3 24 | 0.2% | -33.1% | ||
| Q2 24 | 2.3% | 0.0% |
| Q1 26 | $-0.08 | — | ||
| Q4 25 | $-0.10 | $0.03 | ||
| Q3 25 | $-0.04 | $0.11 | ||
| Q2 25 | $-0.16 | $0.16 | ||
| Q1 25 | $-0.13 | $0.18 | ||
| Q4 24 | $0.27 | $0.08 | ||
| Q3 24 | $0.01 | $0.36 | ||
| Q2 24 | $-0.17 | $0.00 |
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 | $24.3M |
| Total DebtLower is stronger | — | $126.7M |
| Stockholders' EquityBook value | $405.7M | $-29.7M |
| Total Assets | $984.2M | $296.3M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $47.3M | — | ||
| Q4 25 | $111.3M | $24.3M | ||
| Q3 25 | $80.4M | $32.4M | ||
| Q2 25 | $68.1M | $34.2M | ||
| Q1 25 | $41.7M | $21.6M | ||
| Q4 24 | $83.8M | $29.0M | ||
| Q3 24 | $79.9M | $23.4M | ||
| Q2 24 | $76.4M | $23.4M |
| Q1 26 | — | — | ||
| Q4 25 | — | $126.7M | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | $70.7M | ||
| Q3 24 | — | $50.8M | ||
| Q2 24 | — | — |
| Q1 26 | $405.7M | — | ||
| Q4 25 | $400.0M | $-29.7M | ||
| Q3 25 | $392.7M | $-26.9M | ||
| Q2 25 | $384.5M | $-15.6M | ||
| Q1 25 | $345.4M | $1.3M | ||
| Q4 24 | $312.5M | $20.2M | ||
| Q3 24 | $336.6M | $28.0M | ||
| Q2 24 | $307.4M | $66.4M |
| Q1 26 | $984.2M | — | ||
| Q4 25 | $1.1B | $296.3M | ||
| Q3 25 | $1.0B | $302.1M | ||
| Q2 25 | $1.0B | $303.8M | ||
| Q1 25 | $964.4M | $293.8M | ||
| Q4 24 | $989.2M | $307.8M | ||
| Q3 24 | $1.0B | $309.3M | ||
| Q2 24 | $1.0B | $362.1M |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | 3.50× | ||
| Q3 24 | — | 1.82× | ||
| Q2 24 | — | — |
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 | — | $-5.8M |
| Free Cash FlowOCF − Capex | $-1.0M | $-7.8M |
| FCF MarginFCF / Revenue | -0.5% | -5.5% |
| Capex IntensityCapex / Revenue | — | 1.4% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-41.9M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $38.6M | $-5.8M | ||
| Q3 25 | $22.2M | $-968.0K | ||
| Q2 25 | $31.7M | $-4.0M | ||
| Q1 25 | $-3.1M | $-23.1M | ||
| Q4 24 | $36.5M | $6.8M | ||
| Q3 24 | $20.5M | $1.1M | ||
| Q2 24 | $24.4M | $-8.9M |
| Q1 26 | $-1.0M | — | ||
| Q4 25 | — | $-7.8M | ||
| Q3 25 | — | $-1.8M | ||
| Q2 25 | — | $-7.0M | ||
| Q1 25 | — | $-25.3M | ||
| Q4 24 | — | $5.7M | ||
| Q3 24 | — | $101.0K | ||
| Q2 24 | — | $-11.0M |
| Q1 26 | -0.5% | — | ||
| Q4 25 | — | -5.5% | ||
| Q3 25 | — | -1.5% | ||
| Q2 25 | — | -6.6% | ||
| Q1 25 | — | -24.3% | ||
| Q4 24 | — | 4.4% | ||
| Q3 24 | — | 0.1% | ||
| Q2 24 | — | -9.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 1.4% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 2.8% | ||
| Q1 25 | — | 2.2% | ||
| Q4 24 | — | 0.8% | ||
| Q3 24 | — | 0.9% | ||
| Q2 24 | — | 1.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | 49.55× | — | ||
| Q2 24 | 6.03× | -330.22× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BAND
Segment breakdown not available.
PRPL
| Cost Of Revenues | $81.7M | 58% |
| Other | $59.0M | 42% |
