What move does the options market price into Bandwidth's report?

Implied ±32.5%, either direction · provisional.

How often does Bandwidth move more than the options market prices?

3 of the last 8 reports moved at least as far as the implied move.

BANDNasdaqServices-Prepackaged Software

Bandwidth Inc. (BAND) earnings date, market-implied expected move, and options open interest by expiry

42.42

−0.97 · −2.24%

Regular session15:02 ET

Open43.91Volume671,840Mkt cap$1.4BP/E163.15EPS0.26

Day42.03 – 44.5815%52-wk12.50 – 79.0845%

BAND

Bandwidth Inc.

OpenVolumeMkt capP/EEPSDiv yield

Day – 52-wk –

Expected move

Inputs

±32.5%implied · straddle

29.2857.50

spot 43.39exp Feb 19ATM strike 45ATM straddle 16.60IV 88%

Nov 3 closeprovisional

Expected move

Inputs

Next report

Feb 18

before open · in 106 days

est.Q4 FY26

Calendar

Next report

Last report

+9.62%

vs ±25.2% implied · ×0.38

shaded = implied · ▲▼ = realized

Oct 29 '26 · confirmed

Implied vs realized

Linked news

2dAMZN · supplierBetterInvesting™ Magazine Update on Amazon.com and UnitedHealth Group

News

Largest filed tie

13F top-10 QoQ

+19.32%

shares held · 10 largest managers

13F · Jun 30 '26127d lag

240 managers

Top fund weight

0.06%

BAND weight · IWM

N-PORTJun 30 '26

3 funds

Last reportshaded = implied▲▼ = realized× = |realized| ÷ implied

Bandwidth (BAND) is expected to report on Feb 18 before open (estimated date).

Implied vs realized

8 reports

3 of 8≥ implied

avg implied: ±16.9%
avg realized: ±17.7%

Feb 20 '25Feb 20 '25confirmed±12.6%▼−4.43%×0.35

May 7 '25May 7 '25confirmed±15.1%▲+12.05%×0.80

Jul 29 '25Jul 29 '25confirmed±17.5%▼−18.54%×1.06

Oct 30 '25Oct 30 '25confirmed±14.0%▼−3.94%×0.28

Feb 19 '26Feb 19 '26confirmed±14.9%▲+11.93%×0.80

Q1 FY26Apr 30 '26confirmed±13.4%▲+52.11%×3.89

Q2 FY26Jul 29 '26confirmed±22.8%▼−29.28%×1.28

Q3 FY26Oct 29 '26confirmed±25.2%▲+9.62%×0.38

quarterimplied−55%0+55%realized×

Q3 FY26±25.2%▲+9.62%×0.38

Q2 FY26±22.8%

Shaded = implied · tick ▲▼ = realized · × = |realized| ÷ impliedSource: options EOD · implied at prior close · realized close to close

Implied vs realized

Positioning

OI · 4 expiries · Nov 3 close

0.75OI · 4 expiries · Nov 3 closeP/C open interest · Feb 19 · first expiry after the report

PUTS · chgexpiry · days · P/CCALLS · chgP/C

5,2610%Nov 2016d0.975,4260%0.97

119+6%Dec 1844d0.402940%0.40

report · Feb 18 · before open · est.

489+16%Feb 19107d6490%

462+2%Mar 19135d0.479870%0.47

ExpiryPutsCallsP/C

Nov 2016d5,2610%5,4260%0.97

Dec 1844d119+6%2940%0.40

report · Feb 18 · before open · est.

Feb 19107d489+16%

Hatched = puts · solid = calls · bars scaled per expiry · chg = OI vs prior sessionSource: options EOD

Positioning

Linked exposure

scenario · straddle±32.5%

Funds 3

IWM±0.0%

UWM±0.0%

VTI±0.0%

Customers 1

WEAV±7.0%×0.22

Dashed = straddle · × = co-movement · max 501dMethod Source: SEC filings · N-PORT · market data

Linked exposure

Revenue flow

as filedQ3 FY26

2.24%as filednet margin · revenue +6.42% QoQ · +21.95% YoY

Revenue

$234M+6.42% QoQ

Gross profit

$85M+7.97% QoQ

36.24% margin

Operating income

$2M+139.42% QoQ

0.77% margin

Pre-tax income

$3M+931.84% QoQ

Net income

$5M+119.82% QoQ

2.24% margin

Cost of revenue

$149M+5.56% QoQ

Operating expenses

$83M−0.11% QoQ

R&D $36M

Marketing $26M

SG&A $21M

Other income

$2M−62.68% QoQ

Tax benefit

$2M

Revenue$234M+6.42%

Gross profit

$85M+7.97%

36.24% margin

Operating income

$2M+139.42%

0.77% margin

Pre-tax income

$3M+931.84%

Net income

$5M+119.82%

2.24% margin

Cost of revenue

$149M+5.56%

Operating expenses

$83M−0.11%

R&D $36M

Marketing $26M

SG&A $21M

Other income$2M−62.68%

Tax benefit$2M

flow · deduction · inflow · signed % = QoQSource: SEC filings · standardized · QE Sep 30 '26 · width = $

Revenue flow

Intraday

15m bars

Long dash = implied range · Nov 3 close · Hatch = extended hours · ▯ up · ▮ downSource: market data · 15:00 ET

Intraday

Event sensitivity

GDP ×1.65· ±4.9% vs ±3.0% · 19 releases

eventrelease day|move|up · n×base

GDPgross domestic product±4.9%11 of 19×1.65

PCEpersonal income & outlays±4.6%11 of 19×1.55

FOMCrate decision±4.1%12 of 24×1.38

PPIproducer prices±3.7%6 of 10×1.25

CPIconsumer prices±3.6%4 of 10×1.22

NFPjobs report±3.6%5 of 10×1.20

CPROFcorporate profits±1.8%7 of 12×0.62

Bar = avg |move| to ±5% · tick = ±3.0% avg day · ×base = |move| ÷ ±3.0% · min 6 releases

Earnings history

EPS 0.13 · consensus —

Quarter	Reported	EPS	Consensus
Q3 FY26	Oct 29 '26 · confirmed	0.13	—
Q2 FY26	Jul 29 '26 · confirmed	-0.07	—
Q1 FY26	Apr 30 '26 · confirmed	-0.08	—

Source: filed financials

Methodology

ties · implied moves · holdersMethod