HIGHBuilt-inProduct / Revenue mix
60%
Voice domain
“10-K Item 1: 'Approximately 60% of our consolidated revenue for the year ended December 31, 2025 was earned from our Voice domain'”
BAND · Concentration risk · 10-K extracted
Bandwidth (BAND) concentration risks
Updated
The most significant concentration Bandwidth discloses is Voice domain at 60%, classified HIGH by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: Bandwidth’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 1 disclosed concentration
HIGH1
MEDIUM0
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-07-06Bandwidth's concentration is structural rather than idiosyncratic: approximately 60% of consolidated revenue for the most recent fiscal year was earned from its Voice domain. This reflects the company's core business model — a communications-platform provider built primarily around voice services — rather than dependence on any single counterparty, geography, or supplier disclosed in the filing. Because the concentration is structural, the relevant risk is less about a sudden shock to one relationship and more about the durability of voice as a category: pricing pressure, competitive share shifts, or a secular move toward other communication modalities within Bandwidth's broader platform could compress the segment that anchors the majority of revenue. With no other disclosed concentration to offset or compound this exposure, the Voice domain's approximately 60% share is effectively the single factor most likely to move the long-term verdict, and its structural nature means it is best understood as a bet on the durability of Bandwidth's core product category rather than a discrete, isolated risk.
For the engine’s reasoning on BAND’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Software - Infrastructure
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| AI | C3.ai, Inc. | 1 | 2 | 0 | 3 |
| AEVA | Aeva Technologies, Inc. | 1 | 0 | 0 | 1 |
| BAND● | Bandwidth Inc. | 1 | 0 | 0 | 1 |
| AIOT | PowerFleet, Inc. | 0 | 2 | 0 | 2 |
| ACIW | ACI Worldwide, Inc. | 0 | 0 | 0 | 0 |
| AKAM | Akamai Technologies, Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.