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Side-by-side financial comparison of Bandwidth Inc. (BAND) and REPLIGEN CORP (RGEN). Click either name above to swap in a different company.

Bandwidth Inc. is the larger business by last-quarter revenue ($208.8M vs $197.9M, roughly 1.1× REPLIGEN CORP). REPLIGEN CORP runs the higher net margin — 6.7% vs 1.9%, a 4.8% gap on every dollar of revenue. On growth, Bandwidth Inc. posted the faster year-over-year revenue change (20.1% vs 13.6%). REPLIGEN CORP produced more free cash flow last quarter ($17.6M vs $-1.0M). Over the past eight quarters, REPLIGEN CORP's revenue compounded faster (14.4% 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.

Repligen Corporation is a global life sciences company devoted to the development and commercialization of innovative bioprocessing technologies and systems that enable efficiencies in the process of manufacturing biological drugs.2025 The company is based in Waltham, Massachusetts,2014 and was incorporated in Delaware in 1981. A public company, Repligen is listed on the NASDAQ exchange under the symbol RGEN. As of 2025, Repligen employs over 1,900 employees globally and serves primarily biop...

BAND vs RGEN — Head-to-Head

Bigger by revenue
BAND
BAND
1.1× larger
BAND
$208.8M
$197.9M
RGEN
Growing faster (revenue YoY)
BAND
BAND
+6.5% gap
BAND
20.1%
13.6%
RGEN
Higher net margin
RGEN
RGEN
4.8% more per $
RGEN
6.7%
1.9%
BAND
More free cash flow
RGEN
RGEN
$18.6M more FCF
RGEN
$17.6M
$-1.0M
BAND
Faster 2-yr revenue CAGR
RGEN
RGEN
Annualised
RGEN
14.4%
9.7%
BAND

Income Statement — Q1 FY2026 vs Q4 FY2025

Metric
BAND
BAND
RGEN
RGEN
Revenue
$208.8M
$197.9M
Net Profit
$4.0M
$13.3M
Gross Margin
37.3%
52.5%
Operating Margin
60.5%
9.0%
Net Margin
1.9%
6.7%
Revenue YoY
20.1%
13.6%
Net Profit YoY
200.0%
143.9%
EPS (diluted)
$-0.08
$0.24

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
RGEN
RGEN
Q1 26
$208.8M
Q4 25
$207.7M
$197.9M
Q3 25
$191.9M
$188.8M
Q2 25
$180.0M
$182.4M
Q1 25
$174.2M
$169.2M
Q4 24
$210.0M
$174.1M
Q3 24
$193.9M
$154.9M
Q2 24
$173.6M
$154.1M
Net Profit
BAND
BAND
RGEN
RGEN
Q1 26
$4.0M
Q4 25
$13.3M
Q3 25
$-1.2M
$14.9M
Q2 25
$-4.9M
$14.9M
Q1 25
$-3.7M
$5.8M
Q4 24
$-30.3M
Q3 24
$413.0K
$-654.0K
Q2 24
$4.1M
$3.3M
Gross Margin
BAND
BAND
RGEN
RGEN
Q1 26
37.3%
Q4 25
37.6%
52.5%
Q3 25
38.5%
53.2%
Q2 25
39.8%
50.0%
Q1 25
41.0%
53.6%
Q4 24
36.4%
26.1%
Q3 24
37.7%
50.0%
Q2 24
37.3%
49.8%
Operating Margin
BAND
BAND
RGEN
RGEN
Q1 26
60.5%
Q4 25
-1.9%
9.0%
Q3 25
-1.0%
8.9%
Q2 25
-2.1%
7.6%
Q1 25
-2.7%
3.9%
Q4 24
-1.3%
-17.7%
Q3 24
-0.5%
-5.1%
Q2 24
-3.5%
1.0%
Net Margin
BAND
BAND
RGEN
RGEN
Q1 26
1.9%
Q4 25
6.7%
Q3 25
-0.6%
7.9%
Q2 25
-2.7%
8.2%
Q1 25
-2.1%
3.4%
Q4 24
-17.4%
Q3 24
0.2%
-0.4%
Q2 24
2.3%
2.2%
EPS (diluted)
BAND
BAND
RGEN
RGEN
Q1 26
$-0.08
Q4 25
$-0.10
$0.24
Q3 25
$-0.04
$0.26
Q2 25
$-0.16
$0.26
Q1 25
$-0.13
$0.10
Q4 24
$0.27
$-0.55
Q3 24
$0.01
$-0.01
Q2 24
$-0.17
$0.06

Balance Sheet & Financial Strength

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

Metric
BAND
BAND
RGEN
RGEN
Cash + ST InvestmentsLiquidity on hand
$47.3M
$767.6M
Total DebtLower is stronger
$542.2M
Stockholders' EquityBook value
$405.7M
$2.1B
Total Assets
$984.2M
$2.9B
Debt / EquityLower = less leverage
0.26×

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BAND
BAND
RGEN
RGEN
Q1 26
$47.3M
Q4 25
$111.3M
$767.6M
Q3 25
$80.4M
$748.7M
Q2 25
$68.1M
$708.9M
Q1 25
$41.7M
$697.2M
Q4 24
$83.8M
$757.4M
Q3 24
$79.9M
$784.0M
Q2 24
$76.4M
$809.1M
Total Debt
BAND
BAND
RGEN
RGEN
Q1 26
Q4 25
$542.2M
Q3 25
$537.9M
Q2 25
Q1 25
Q4 24
$525.6M
Q3 24
Q2 24
Stockholders' Equity
BAND
BAND
RGEN
RGEN
Q1 26
$405.7M
Q4 25
$400.0M
$2.1B
Q3 25
$392.7M
$2.1B
Q2 25
$384.5M
$2.1B
Q1 25
$345.4M
$2.0B
Q4 24
$312.5M
$2.0B
Q3 24
$336.6M
$2.0B
Q2 24
$307.4M
$2.0B
Total Assets
BAND
BAND
RGEN
RGEN
Q1 26
$984.2M
Q4 25
$1.1B
$2.9B
Q3 25
$1.0B
$2.9B
Q2 25
$1.0B
$2.9B
Q1 25
$964.4M
$2.9B
Q4 24
$989.2M
$2.8B
Q3 24
$1.0B
$2.8B
Q2 24
$1.0B
$2.9B
Debt / Equity
BAND
BAND
RGEN
RGEN
Q1 26
Q4 25
0.26×
Q3 25
0.26×
Q2 25
Q1 25
Q4 24
0.27×
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
RGEN
RGEN
Operating Cash FlowLast quarter
$25.7M
Free Cash FlowOCF − Capex
$-1.0M
$17.6M
FCF MarginFCF / Revenue
-0.5%
8.9%
Capex IntensityCapex / Revenue
4.1%
Cash ConversionOCF / Net Profit
1.93×
TTM Free Cash FlowTrailing 4 quarters
$93.9M

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BAND
BAND
RGEN
RGEN
Q1 26
Q4 25
$38.6M
$25.7M
Q3 25
$22.2M
$48.1M
Q2 25
$31.7M
$28.6M
Q1 25
$-3.1M
$15.0M
Q4 24
$36.5M
$39.2M
Q3 24
$20.5M
$49.3M
Q2 24
$24.4M
$42.2M
Free Cash Flow
BAND
BAND
RGEN
RGEN
Q1 26
$-1.0M
Q4 25
$17.6M
Q3 25
$43.4M
Q2 25
$21.5M
Q1 25
$11.4M
Q4 24
$33.6M
Q3 24
$42.3M
Q2 24
$37.4M
FCF Margin
BAND
BAND
RGEN
RGEN
Q1 26
-0.5%
Q4 25
8.9%
Q3 25
23.0%
Q2 25
11.8%
Q1 25
6.8%
Q4 24
19.3%
Q3 24
27.3%
Q2 24
24.3%
Capex Intensity
BAND
BAND
RGEN
RGEN
Q1 26
Q4 25
4.1%
Q3 25
2.5%
Q2 25
3.9%
Q1 25
2.1%
Q4 24
3.2%
Q3 24
4.5%
Q2 24
3.1%
Cash Conversion
BAND
BAND
RGEN
RGEN
Q1 26
Q4 25
1.93×
Q3 25
3.23×
Q2 25
1.92×
Q1 25
2.57×
Q4 24
Q3 24
49.55×
Q2 24
6.03×
12.70×

Financial Flow Comparison

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

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