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Side-by-side financial comparison of Bandwidth Inc. (BAND) and BRC Group Holdings, Inc. (RILY). Click either name above to swap in a different company.
Bandwidth Inc. is the larger business by last-quarter revenue ($208.8M vs $188.3M, roughly 1.1× BRC Group Holdings, Inc.). BRC Group Holdings, Inc. runs the higher net margin — 47.9% vs 1.9%, a 46.0% gap on every dollar of revenue. On growth, Bandwidth Inc. posted the faster year-over-year revenue change (20.1% vs -21.9%). Over the past eight quarters, Bandwidth Inc.'s revenue compounded faster (9.7% CAGR vs -15.4%).
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.
BAND vs RILY — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $208.8M | $188.3M |
| Net Profit | $4.0M | $90.3M |
| Gross Margin | 37.3% | 79.5% |
| Operating Margin | 60.5% | 32.3% |
| Net Margin | 1.9% | 47.9% |
| Revenue YoY | 20.1% | -21.9% |
| Net Profit YoY | 200.0% | 1710.8% |
| EPS (diluted) | $-0.08 | $2.78 |
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 | $188.3M | ||
| Q3 25 | $191.9M | $215.3M | ||
| Q2 25 | $180.0M | $188.2M | ||
| Q1 25 | $174.2M | $197.2M | ||
| Q4 24 | $210.0M | $241.0M | ||
| Q3 24 | $193.9M | $225.5M | ||
| Q2 24 | $173.6M | $256.0M |
| Q1 26 | $4.0M | — | ||
| Q4 25 | — | $90.3M | ||
| Q3 25 | $-1.2M | $91.1M | ||
| Q2 25 | $-4.9M | $139.5M | ||
| Q1 25 | $-3.7M | $-10.0M | ||
| Q4 24 | — | $-5.6M | ||
| Q3 24 | $413.0K | $-284.4M | ||
| Q2 24 | $4.1M | $-433.6M |
| Q1 26 | 37.3% | — | ||
| Q4 25 | 37.6% | 79.5% | ||
| Q3 25 | 38.5% | 83.7% | ||
| Q2 25 | 39.8% | 81.3% | ||
| Q1 25 | 41.0% | 81.4% | ||
| Q4 24 | 36.4% | 79.8% | ||
| Q3 24 | 37.7% | 82.1% | ||
| Q2 24 | 37.3% | 84.5% |
| Q1 26 | 60.5% | — | ||
| Q4 25 | -1.9% | 32.3% | ||
| Q3 25 | -1.0% | 30.4% | ||
| Q2 25 | -2.1% | 5.7% | ||
| Q1 25 | -2.7% | -31.2% | ||
| Q4 24 | -1.3% | -69.2% | ||
| Q3 24 | -0.5% | -36.4% | ||
| Q2 24 | -3.5% | -90.8% |
| Q1 26 | 1.9% | — | ||
| Q4 25 | — | 47.9% | ||
| Q3 25 | -0.6% | 42.3% | ||
| Q2 25 | -2.7% | 74.1% | ||
| Q1 25 | -2.1% | -5.1% | ||
| Q4 24 | — | -2.3% | ||
| Q3 24 | 0.2% | -126.1% | ||
| Q2 24 | 2.3% | -169.4% |
| Q1 26 | $-0.08 | — | ||
| Q4 25 | $-0.10 | $2.78 | ||
| Q3 25 | $-0.04 | $2.91 | ||
| Q2 25 | $-0.16 | $4.50 | ||
| Q1 25 | $-0.13 | $-0.39 | ||
| Q4 24 | $0.27 | $-0.01 | ||
| Q3 24 | $0.01 | $-9.39 | ||
| Q2 24 | $-0.17 | $-14.35 |
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 | $226.6M |
| Total DebtLower is stronger | — | $1.4B |
| Stockholders' EquityBook value | $405.7M | $-171.5M |
| Total Assets | $984.2M | $1.7B |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $47.3M | — | ||
| Q4 25 | $111.3M | $226.6M | ||
| Q3 25 | $80.4M | $184.2M | ||
| Q2 25 | $68.1M | $267.4M | ||
| Q1 25 | $41.7M | $138.3M | ||
| Q4 24 | $83.8M | $146.9M | ||
| Q3 24 | $79.9M | $159.2M | ||
| Q2 24 | $76.4M | $236.9M |
| Q1 26 | — | — | ||
| Q4 25 | — | $1.4B | ||
| Q3 25 | — | $1.3B | ||
| Q2 25 | — | $1.3B | ||
| Q1 25 | — | $1.4B | ||
| Q4 24 | — | $1.5B | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | $405.7M | — | ||
| Q4 25 | $400.0M | $-171.5M | ||
| Q3 25 | $392.7M | $-260.5M | ||
| Q2 25 | $384.5M | $-351.7M | ||
| Q1 25 | $345.4M | $-496.8M | ||
| Q4 24 | $312.5M | $-488.2M | ||
| Q3 24 | $336.6M | $-497.6M | ||
| Q2 24 | $307.4M | $-218.3M |
| Q1 26 | $984.2M | — | ||
| Q4 25 | $1.1B | $1.7B | ||
| Q3 25 | $1.0B | $1.7B | ||
| Q2 25 | $1.0B | $1.5B | ||
| Q1 25 | $964.4M | $1.5B | ||
| Q4 24 | $989.2M | $1.8B | ||
| Q3 24 | $1.0B | $2.2B | ||
| Q2 24 | $1.0B | $3.2B |
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 | — | $26.2M |
| Free Cash FlowOCF − Capex | $-1.0M | — |
| FCF MarginFCF / Revenue | -0.5% | — |
| Capex IntensityCapex / Revenue | — | — |
| Cash ConversionOCF / Net Profit | — | 0.29× |
| TTM Free Cash FlowTrailing 4 quarters | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $38.6M | $26.2M | ||
| Q3 25 | $22.2M | $-60.6M | ||
| Q2 25 | $31.7M | $-25.6M | ||
| Q1 25 | $-3.1M | $184.0K | ||
| Q4 24 | $36.5M | $-2.7M | ||
| Q3 24 | $20.5M | $19.5M | ||
| Q2 24 | $24.4M | $111.5M |
| Q1 26 | $-1.0M | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | -0.5% | — | ||
| Q4 25 | — | — | ||
| Q3 25 | — | — | ||
| Q2 25 | — | — | ||
| Q1 25 | — | — | ||
| Q4 24 | — | — | ||
| Q3 24 | — | — | ||
| Q2 24 | — | — |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.29× | ||
| Q3 25 | — | -0.66× | ||
| Q2 25 | — | -0.18× | ||
| 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.
Revenue Breakdown by Segment
BAND
Segment breakdown not available.
RILY
| Transferred At Point In Time | $101.4M | 54% |
| Wealth Management Segment | $30.7M | 16% |
| Corporate Finance Consulting And Investment Banking Fees | $27.1M | 14% |
| Services And Fees | $24.8M | 13% |
| Commissions Fees And Reimbursed Expenses | $4.8M | 3% |
