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Side-by-side financial comparison of Bandwidth Inc. (BAND) and Xometry, Inc. (XMTR). Click either name above to swap in a different company.
Bandwidth Inc. is the larger business by last-quarter revenue ($208.8M vs $192.4M, roughly 1.1× Xometry, Inc.). Bandwidth Inc. runs the higher net margin — 1.9% vs -4.5%, a 6.4% gap on every dollar of revenue. On growth, Xometry, Inc. posted the faster year-over-year revenue change (29.5% vs 20.1%). Bandwidth Inc. produced more free cash flow last quarter ($-1.0M vs $-5.9M). Over the past eight quarters, Xometry, Inc.'s revenue compounded faster (25.2% 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.
Xometry is an online marketplace for sourcing on-demand manufactured parts for prototyping and large-scale production.
BAND vs XMTR — Head-to-Head
Income Statement — Q1 FY2026 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $208.8M | $192.4M |
| Net Profit | $4.0M | $-8.6M |
| Gross Margin | 37.3% | 39.1% |
| Operating Margin | 60.5% | -4.6% |
| Net Margin | 1.9% | -4.5% |
| Revenue YoY | 20.1% | 29.5% |
| Net Profit YoY | 200.0% | 12.7% |
| EPS (diluted) | $-0.08 | — |
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 | $192.4M | ||
| Q3 25 | $191.9M | $180.7M | ||
| Q2 25 | $180.0M | $162.5M | ||
| Q1 25 | $174.2M | $151.0M | ||
| Q4 24 | $210.0M | $148.5M | ||
| Q3 24 | $193.9M | $141.7M | ||
| Q2 24 | $173.6M | $132.6M |
| Q1 26 | $4.0M | — | ||
| Q4 25 | — | $-8.6M | ||
| Q3 25 | $-1.2M | $-11.6M | ||
| Q2 25 | $-4.9M | $-26.4M | ||
| Q1 25 | $-3.7M | $-15.1M | ||
| Q4 24 | — | $-9.9M | ||
| Q3 24 | $413.0K | $-10.2M | ||
| Q2 24 | $4.1M | $-13.7M |
| Q1 26 | 37.3% | — | ||
| Q4 25 | 37.6% | 39.1% | ||
| Q3 25 | 38.5% | 39.9% | ||
| Q2 25 | 39.8% | 40.1% | ||
| Q1 25 | 41.0% | 37.3% | ||
| Q4 24 | 36.4% | 39.7% | ||
| Q3 24 | 37.7% | 39.4% | ||
| Q2 24 | 37.3% | 39.9% |
| Q1 26 | 60.5% | — | ||
| Q4 25 | -1.9% | -4.6% | ||
| Q3 25 | -1.0% | -6.1% | ||
| Q2 25 | -2.1% | -6.3% | ||
| Q1 25 | -2.7% | -10.2% | ||
| Q4 24 | -1.3% | -7.8% | ||
| Q3 24 | -0.5% | -8.1% | ||
| Q2 24 | -3.5% | -11.5% |
| Q1 26 | 1.9% | — | ||
| Q4 25 | — | -4.5% | ||
| Q3 25 | -0.6% | -6.4% | ||
| Q2 25 | -2.7% | -16.3% | ||
| Q1 25 | -2.1% | -10.0% | ||
| Q4 24 | — | -6.7% | ||
| Q3 24 | 0.2% | -7.2% | ||
| Q2 24 | 2.3% | -10.3% |
| Q1 26 | $-0.08 | — | ||
| Q4 25 | $-0.10 | — | ||
| 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 | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $47.3M | $219.1M |
| Total DebtLower is stronger | — | — |
| Stockholders' EquityBook value | $405.7M | $275.6M |
| Total Assets | $984.2M | $703.7M |
| Debt / EquityLower = less leverage | — | — |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | $47.3M | — | ||
| Q4 25 | $111.3M | $219.1M | ||
| Q3 25 | $80.4M | $224.5M | ||
| Q2 25 | $68.1M | $225.8M | ||
| Q1 25 | $41.7M | $231.4M | ||
| Q4 24 | $83.8M | $239.8M | ||
| Q3 24 | $79.9M | $234.0M | ||
| Q2 24 | $76.4M | $240.9M |
| Q1 26 | $405.7M | — | ||
| Q4 25 | $400.0M | $275.6M | ||
| Q3 25 | $392.7M | $272.0M | ||
| Q2 25 | $384.5M | $270.4M | ||
| Q1 25 | $345.4M | $309.9M | ||
| Q4 24 | $312.5M | $314.5M | ||
| Q3 24 | $336.6M | $315.2M | ||
| Q2 24 | $307.4M | $315.8M |
| Q1 26 | $984.2M | — | ||
| Q4 25 | $1.1B | $703.7M | ||
| Q3 25 | $1.0B | $698.9M | ||
| Q2 25 | $1.0B | $687.0M | ||
| Q1 25 | $964.4M | $690.1M | ||
| Q4 24 | $989.2M | $680.1M | ||
| Q3 24 | $1.0B | $678.2M | ||
| Q2 24 | $1.0B | $678.6M |
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 | — | $4.4M |
| Free Cash FlowOCF − Capex | $-1.0M | $-5.9M |
| FCF MarginFCF / Revenue | -0.5% | -3.0% |
| Capex IntensityCapex / Revenue | — | 5.3% |
| Cash ConversionOCF / Net Profit | — | — |
| TTM Free Cash FlowTrailing 4 quarters | — | $-24.1M |
8-quarter trend — quarters aligned by calendar period.
| Q1 26 | — | — | ||
| Q4 25 | $38.6M | $4.4M | ||
| Q3 25 | $22.2M | $5.8M | ||
| Q2 25 | $31.7M | $-427.0K | ||
| Q1 25 | $-3.1M | $-3.7M | ||
| Q4 24 | $36.5M | $9.1M | ||
| Q3 24 | $20.5M | $-3.6M | ||
| Q2 24 | $24.4M | $-9.1M |
| Q1 26 | $-1.0M | — | ||
| Q4 25 | — | $-5.9M | ||
| Q3 25 | — | $-1.7M | ||
| Q2 25 | — | $-7.4M | ||
| Q1 25 | — | $-9.2M | ||
| Q4 24 | — | $4.5M | ||
| Q3 24 | — | $-8.4M | ||
| Q2 24 | — | $-13.5M |
| Q1 26 | -0.5% | — | ||
| Q4 25 | — | -3.0% | ||
| Q3 25 | — | -0.9% | ||
| Q2 25 | — | -4.5% | ||
| Q1 25 | — | -6.1% | ||
| Q4 24 | — | 3.1% | ||
| Q3 24 | — | -6.0% | ||
| Q2 24 | — | -10.2% |
| Q1 26 | — | — | ||
| Q4 25 | — | 5.3% | ||
| Q3 25 | — | 4.1% | ||
| Q2 25 | — | 4.3% | ||
| Q1 25 | — | 3.6% | ||
| Q4 24 | — | 3.1% | ||
| Q3 24 | — | 3.4% | ||
| Q2 24 | — | 3.3% |
| Q1 26 | — | — | ||
| Q4 25 | — | — | ||
| 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.
Revenue Breakdown by Segment
BAND
Segment breakdown not available.
XMTR
| US | $159.1M | 83% |
| Non Us | $33.3M | 17% |
