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Side-by-side financial comparison of Bandwidth Inc. (BAND) and Stoke Therapeutics, Inc. (STOK). Click either name above to swap in a different company.

Bandwidth Inc. is the larger business by last-quarter revenue ($208.8M vs $158.6M, roughly 1.3× Stoke Therapeutics, Inc.). Stoke Therapeutics, Inc. runs the higher net margin — 71.2% vs 1.9%, a 69.3% gap on every dollar of revenue. On growth, Stoke Therapeutics, Inc. posted the faster year-over-year revenue change (3661.1% vs 20.1%). Stoke Therapeutics, Inc. produced more free cash flow last quarter ($131.7M 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.

Stoke Therapeutics, Inc. is a clinical-stage biotechnology company developing innovative RNA-targeted therapies for severe rare genetic diseases. Its lead candidates address unmet needs for Dravet syndrome, a rare epilepsy, and other neurological monogenic disorders, serving patients across North America and global markets.

BAND vs STOK — Head-to-Head

Bigger by revenue
BAND
BAND
1.3× larger
BAND
$208.8M
$158.6M
STOK
Growing faster (revenue YoY)
STOK
STOK
+3641.0% gap
STOK
3661.1%
20.1%
BAND
Higher net margin
STOK
STOK
69.3% more per $
STOK
71.2%
1.9%
BAND
More free cash flow
STOK
STOK
$132.7M more FCF
STOK
$131.7M
$-1.0M
BAND

Income Statement — Q1 FY2026 vs Q1 FY2025

Metric
BAND
BAND
STOK
STOK
Revenue
$208.8M
$158.6M
Net Profit
$4.0M
$112.9M
Gross Margin
37.3%
Operating Margin
60.5%
70.2%
Net Margin
1.9%
71.2%
Revenue YoY
20.1%
3661.1%
Net Profit YoY
200.0%
528.0%
EPS (diluted)
$-0.08
$1.90

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
STOK
STOK
Q1 26
$208.8M
Q4 25
$207.7M
Q3 25
$191.9M
Q2 25
$180.0M
Q1 25
$174.2M
$158.6M
Q4 24
$210.0M
$22.6M
Q3 24
$193.9M
Q2 24
$173.6M
Net Profit
BAND
BAND
STOK
STOK
Q1 26
$4.0M
Q4 25
Q3 25
$-1.2M
Q2 25
$-4.9M
Q1 25
$-3.7M
$112.9M
Q4 24
$-10.5M
Q3 24
$413.0K
Q2 24
$4.1M
Gross Margin
BAND
BAND
STOK
STOK
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
STOK
STOK
Q1 26
60.5%
Q4 25
-1.9%
Q3 25
-1.0%
Q2 25
-2.1%
Q1 25
-2.7%
70.2%
Q4 24
-1.3%
-60.4%
Q3 24
-0.5%
Q2 24
-3.5%
Net Margin
BAND
BAND
STOK
STOK
Q1 26
1.9%
Q4 25
Q3 25
-0.6%
Q2 25
-2.7%
Q1 25
-2.1%
71.2%
Q4 24
-46.4%
Q3 24
0.2%
Q2 24
2.3%
EPS (diluted)
BAND
BAND
STOK
STOK
Q1 26
$-0.08
Q4 25
$-0.10
Q3 25
$-0.04
Q2 25
$-0.16
Q1 25
$-0.13
$1.90
Q4 24
$0.27
$-0.15
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
STOK
STOK
Cash + ST InvestmentsLiquidity on hand
$47.3M
$274.8M
Total DebtLower is stronger
Stockholders' EquityBook value
$405.7M
$350.1M
Total Assets
$984.2M
$406.9M
Debt / EquityLower = less leverage

8-quarter trend — quarters aligned by calendar period.

Cash + ST Investments
BAND
BAND
STOK
STOK
Q1 26
$47.3M
Q4 25
$111.3M
Q3 25
$80.4M
Q2 25
$68.1M
Q1 25
$41.7M
$274.8M
Q4 24
$83.8M
$128.0M
Q3 24
$79.9M
Q2 24
$76.4M
Stockholders' Equity
BAND
BAND
STOK
STOK
Q1 26
$405.7M
Q4 25
$400.0M
Q3 25
$392.7M
Q2 25
$384.5M
Q1 25
$345.4M
$350.1M
Q4 24
$312.5M
$229.0M
Q3 24
$336.6M
Q2 24
$307.4M
Total Assets
BAND
BAND
STOK
STOK
Q1 26
$984.2M
Q4 25
$1.1B
Q3 25
$1.0B
Q2 25
$1.0B
Q1 25
$964.4M
$406.9M
Q4 24
$989.2M
$271.6M
Q3 24
$1.0B
Q2 24
$1.0B

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
STOK
STOK
Operating Cash FlowLast quarter
$131.8M
Free Cash FlowOCF − Capex
$-1.0M
$131.7M
FCF MarginFCF / Revenue
-0.5%
83.0%
Capex IntensityCapex / Revenue
0.1%
Cash ConversionOCF / Net Profit
1.17×
TTM Free Cash FlowTrailing 4 quarters

8-quarter trend — quarters aligned by calendar period.

Operating Cash Flow
BAND
BAND
STOK
STOK
Q1 26
Q4 25
$38.6M
Q3 25
$22.2M
Q2 25
$31.7M
Q1 25
$-3.1M
$131.8M
Q4 24
$36.5M
$-23.2M
Q3 24
$20.5M
Q2 24
$24.4M
Free Cash Flow
BAND
BAND
STOK
STOK
Q1 26
$-1.0M
Q4 25
Q3 25
Q2 25
Q1 25
$131.7M
Q4 24
$-23.2M
Q3 24
Q2 24
FCF Margin
BAND
BAND
STOK
STOK
Q1 26
-0.5%
Q4 25
Q3 25
Q2 25
Q1 25
83.0%
Q4 24
-102.7%
Q3 24
Q2 24
Capex Intensity
BAND
BAND
STOK
STOK
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
0.1%
Q4 24
0.2%
Q3 24
Q2 24
Cash Conversion
BAND
BAND
STOK
STOK
Q1 26
Q4 25
Q3 25
Q2 25
Q1 25
1.17×
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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