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Side-by-side financial comparison of Bandwidth Inc. (BAND) and RADIANT LOGISTICS, INC (RLGT). Click either name above to swap in a different company.
RADIANT LOGISTICS, INC is the larger business by last-quarter revenue ($232.1M vs $208.8M, roughly 1.1× Bandwidth Inc.). RADIANT LOGISTICS, INC runs the higher net margin — 2.3% vs 1.9%, a 0.4% gap on every dollar of revenue. On growth, Bandwidth Inc. posted the faster year-over-year revenue change (20.1% vs -12.3%). RADIANT LOGISTICS, INC produced more free cash flow last quarter ($11.6M vs $-1.0M). Over the past eight quarters, RADIANT LOGISTICS, INC's revenue compounded faster (12.1% 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.
Radiant Logistics, Inc. is a leading third-party logistics provider offering end-to-end supply chain solutions, domestic and international freight forwarding, warehousing, and last-mile delivery services. It primarily serves North American markets, with key client segments including retail, manufacturing, e-commerce, and industrial sectors, helping businesses optimize logistics workflows and cut operational costs.
BAND vs RLGT — Head-to-Head
Income Statement — Q1 FY2026 vs Q2 FY2026
| Metric | | |
|---|---|---|
| Revenue | $208.8M | $232.1M |
| Net Profit | $4.0M | $5.3M |
| Gross Margin | 37.3% | — |
| Operating Margin | 60.5% | 3.2% |
| Net Margin | 1.9% | 2.3% |
| Revenue YoY | 20.1% | -12.3% |
| Net Profit YoY | 200.0% | -18.0% |
| EPS (diluted) | $-0.08 | $0.11 |
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 | $232.1M | ||
| Q3 25 | $191.9M | $226.7M | ||
| Q2 25 | $180.0M | $220.6M | ||
| Q1 25 | $174.2M | $214.0M | ||
| Q4 24 | $210.0M | $264.5M | ||
| Q3 24 | $193.9M | $203.6M | ||
| Q2 24 | $173.6M | $206.0M |
| Q1 26 | $4.0M | — | ||
| Q4 25 | — | $5.3M | ||
| Q3 25 | $-1.2M | $1.3M | ||
| Q2 25 | $-4.9M | $4.9M | ||
| Q1 25 | $-3.7M | $2.5M | ||
| Q4 24 | — | $6.5M | ||
| Q3 24 | $413.0K | $3.4M | ||
| Q2 24 | $4.1M | $4.8M |
| 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% | — |
| Q1 26 | 60.5% | — | ||
| Q4 25 | -1.9% | 3.2% | ||
| Q3 25 | -1.0% | 0.9% | ||
| Q2 25 | -2.1% | 2.4% | ||
| Q1 25 | -2.7% | 1.6% | ||
| Q4 24 | -1.3% | 3.3% | ||
| Q3 24 | -0.5% | 1.9% | ||
| Q2 24 | -3.5% | 2.4% |
| Q1 26 | 1.9% | — | ||
| Q4 25 | — | 2.3% | ||
| Q3 25 | -0.6% | 0.6% | ||
| Q2 25 | -2.7% | 2.2% | ||
| Q1 25 | -2.1% | 1.2% | ||
| Q4 24 | — | 2.4% | ||
| Q3 24 | 0.2% | 1.7% | ||
| Q2 24 | 2.3% | 2.3% |
| Q1 26 | $-0.08 | — | ||
| Q4 25 | $-0.10 | $0.11 | ||
| Q3 25 | $-0.04 | $0.03 | ||
| Q2 25 | $-0.16 | $0.10 | ||
| Q1 25 | $-0.13 | $0.05 | ||
| Q4 24 | $0.27 | $0.13 | ||
| Q3 24 | $0.01 | $0.07 | ||
| Q2 24 | $-0.17 | $0.11 |
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 | $31.9M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $405.7M | $229.8M |
| Total Assets | $984.2M | $439.4M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $47.3M | — | ||
| Q4 25 | $111.3M | $31.9M | ||
| Q3 25 | $80.4M | $28.1M | ||
| Q2 25 | $68.1M | $22.9M | ||
| Q1 25 | $41.7M | $19.0M | ||
| Q4 24 | $83.8M | $19.9M | ||
| Q3 24 | $79.9M | $10.4M | ||
| Q2 24 | $76.4M | $24.9M |
| Q1 26 | $405.7M | — | ||
| Q4 25 | $400.0M | $229.8M | ||
| Q3 25 | $392.7M | $225.7M | ||
| Q2 25 | $384.5M | $226.0M | ||
| Q1 25 | $345.4M | $218.2M | ||
| Q4 24 | $312.5M | $214.4M | ||
| Q3 24 | $336.6M | $212.4M | ||
| Q2 24 | $307.4M | $209.4M |
| Q1 26 | $984.2M | — | ||
| Q4 25 | $1.1B | $439.4M | ||
| Q3 25 | $1.0B | $445.3M | ||
| Q2 25 | $1.0B | $426.8M | ||
| Q1 25 | $964.4M | $414.5M | ||
| Q4 24 | $989.2M | $386.8M | ||
| Q3 24 | $1.0B | $375.3M | ||
| Q2 24 | $1.0B | $371.2M |
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 | — | $12.4M |
| Free Cash FlowOCF − Capex | $-1.0M | $11.6M |
| FCF MarginFCF / Revenue | -0.5% | 5.0% |
| Capex IntensityCapex / Revenue | — | 0.3% |
| Cash ConversionOCF / Net Profit | — | 2.33× |
| TTM Free Cash FlowTrailing 4 quarters | — | $8.5M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $38.6M | $12.4M | ||
| Q3 25 | $22.2M | $2.5M | ||
| Q2 25 | $31.7M | $3.1M | ||
| Q1 25 | $-3.1M | $-5.7M | ||
| Q4 24 | $36.5M | $15.7M | ||
| Q3 24 | $20.5M | $205.0K | ||
| Q2 24 | $24.4M | $1.3M |
| Q1 26 | $-1.0M | — | ||
| Q4 25 | — | $11.6M | ||
| Q3 25 | — | $977.0K | ||
| Q2 25 | — | $2.2M | ||
| Q1 25 | — | $-6.4M | ||
| Q4 24 | — | $14.1M | ||
| Q3 24 | — | $-1.9M | ||
| Q2 24 | — | $-185.0K |
| Q1 26 | -0.5% | — | ||
| Q4 25 | — | 5.0% | ||
| Q3 25 | — | 0.4% | ||
| Q2 25 | — | 1.0% | ||
| Q1 25 | — | -3.0% | ||
| Q4 24 | — | 5.3% | ||
| Q3 24 | — | -0.9% | ||
| Q2 24 | — | -0.1% |
| Q1 26 | — | — | ||
| Q4 25 | — | 0.3% | ||
| Q3 25 | — | 0.7% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | — | 0.6% | ||
| Q3 24 | — | 1.0% | ||
| Q2 24 | — | 0.7% |
| Q1 26 | — | — | ||
| Q4 25 | — | 2.33× | ||
| Q3 25 | — | 1.90× | ||
| Q2 25 | — | 0.63× | ||
| Q1 25 | — | -2.26× | ||
| Q4 24 | — | 2.43× | ||
| Q3 24 | 49.55× | 0.06× | ||
| Q2 24 | 6.03× | 0.26× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
BAND
Segment breakdown not available.
RLGT
| Transferred Over Time | $201.2M | 87% |
| Other | $25.0M | 11% |
| Value Added Services | $4.2M | 2% |
| Transferred At Point In Time | $1.8M | 1% |
