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Side-by-side financial comparison of Bandwidth Inc. (BAND) and Phoenix Education Partners, Inc. (PXED). Click either name above to swap in a different company.

Phoenix Education Partners, Inc. is the larger business by last-quarter revenue ($222.5M vs $208.8M, roughly 1.1× Bandwidth Inc.). Phoenix Education Partners, Inc. runs the higher net margin — 4.8% vs 1.9%, a 2.9% gap on every dollar of revenue. Phoenix Education Partners, Inc. produced more free cash flow last quarter ($43.5M vs $-1.0M).

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.

The University of Phoenix (UoPX) is a private for-profit university headquartered in Phoenix, Arizona. Founded in 1976, the university confers certificates and degrees at the certificate, associate, bachelor's, master's, and doctoral degree levels. It is institutionally accredited by the Higher Learning Commission and has an open enrollment admissions policy for many undergraduate programs. The school is owned by Phoenix Education Partners.

BAND vs PXED — Head-to-Head

Bigger by revenue
PXED
PXED
1.1× larger
PXED
$222.5M
$208.8M
BAND
Higher net margin
PXED
PXED
2.9% more per $
PXED
4.8%
1.9%
BAND
More free cash flow
PXED
PXED
$44.5M more FCF
PXED
$43.5M
$-1.0M
BAND

Income Statement — Q1 FY2026 vs Q2 FY2026

Metric
BAND
BAND
PXED
PXED
Revenue
$208.8M
$222.5M
Net Profit
$4.0M
$10.8M
Gross Margin
37.3%
Operating Margin
60.5%
6.3%
Net Margin
1.9%
4.8%
Revenue YoY
20.1%
Net Profit YoY
200.0%
EPS (diluted)
$-0.08
$0.28

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.

Revenue
BAND
BAND
PXED
PXED
Q1 26
$208.8M
$222.5M
Q4 25
$207.7M
$262.0M
Q3 25
$191.9M
Q2 25
$180.0M
Q1 25
$174.2M
Q4 24
$210.0M
Q3 24
$193.9M
Q2 24
$173.6M
Net Profit
BAND
BAND
PXED
PXED
Q1 26
$4.0M
$10.8M
Q4 25
$15.5M
Q3 25
$-1.2M
Q2 25
$-4.9M
Q1 25
$-3.7M
Q4 24
Q3 24
$413.0K
Q2 24
$4.1M
Gross Margin
BAND
BAND
PXED
PXED
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%
Operating Margin
BAND
BAND
PXED
PXED
Q1 26
60.5%
6.3%
Q4 25
-1.9%
9.8%
Q3 25
-1.0%
Q2 25
-2.1%
Q1 25
-2.7%
Q4 24
-1.3%
Q3 24
-0.5%
Q2 24
-3.5%
Net Margin
BAND
BAND
PXED
PXED
Q1 26
1.9%
4.8%
Q4 25
5.9%
Q3 25
-0.6%
Q2 25
-2.7%
Q1 25
-2.1%
Q4 24
Q3 24
0.2%
Q2 24
2.3%
EPS (diluted)
BAND
BAND
PXED
PXED
Q1 26
$-0.08
$0.28
Q4 25
$-0.10
$0.40
Q3 25
$-0.04
Q2 25
$-0.16
Q1 25
$-0.13
Q4 24
$0.27
Q3 24
$0.01
Q2 24
$-0.17

Balance Sheet & Financial Strength

Snapshot of each company's liquidity, leverage and book value from the latest quarter.

Metric
BAND
BAND
PXED
PXED
Cash + ST InvestmentsLiquidity on hand
$47.3M
$201.4M
Total DebtLower is stronger
$58.8M
Stockholders' EquityBook value
$405.7M
$291.1M
Total Assets
$984.2M
$546.4M
Debt / EquityLower = less leverage
0.20×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BAND
BAND
PXED
PXED
Q1 26
$47.3M
$201.4M
Q4 25
$111.3M
$163.5M
Q3 25
$80.4M
Q2 25
$68.1M
Q1 25
$41.7M
Q4 24
$83.8M
Q3 24
$79.9M
Q2 24
$76.4M
Total Debt
BAND
BAND
PXED
PXED
Q1 26
$58.8M
Q4 25
$61.6M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Stockholders' Equity
BAND
BAND
PXED
PXED
Q1 26
$405.7M
$291.1M
Q4 25
$400.0M
$280.4M
Q3 25
$392.7M
Q2 25
$384.5M
Q1 25
$345.4M
Q4 24
$312.5M
Q3 24
$336.6M
Q2 24
$307.4M
Total Assets
BAND
BAND
PXED
PXED
Q1 26
$984.2M
$546.4M
Q4 25
$1.1B
$549.6M
Q3 25
$1.0B
Q2 25
$1.0B
Q1 25
$964.4M
Q4 24
$989.2M
Q3 24
$1.0B
Q2 24
$1.0B
Debt / Equity
BAND
BAND
PXED
PXED
Q1 26
0.20×
Q4 25
0.22×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
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
BAND
BAND
PXED
PXED
Operating Cash FlowLast quarter
$48.9M
Free Cash FlowOCF − Capex
$-1.0M
$43.5M
FCF MarginFCF / Revenue
-0.5%
19.6%
Capex IntensityCapex / Revenue
2.4%
Cash ConversionOCF / Net Profit
4.53×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BAND
BAND
PXED
PXED
Q1 26
$48.9M
Q4 25
$38.6M
$31.1M
Q3 25
$22.2M
Q2 25
$31.7M
Q1 25
$-3.1M
Q4 24
$36.5M
Q3 24
$20.5M
Q2 24
$24.4M
Free Cash Flow
BAND
BAND
PXED
PXED
Q1 26
$-1.0M
$43.5M
Q4 25
$26.4M
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
FCF Margin
BAND
BAND
PXED
PXED
Q1 26
-0.5%
19.6%
Q4 25
10.1%
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Capex Intensity
BAND
BAND
PXED
PXED
Q1 26
2.4%
Q4 25
1.8%
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
Q2 24
Cash Conversion
BAND
BAND
PXED
PXED
Q1 26
4.53×
Q4 25
2.01×
Q3 25
Q2 25
Q1 25
Q4 24
Q3 24
49.55×
Q2 24
6.03×

Financial Flow Comparison

Revenue → gross profit → operating profit → net profit for each company.

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