BAND — what changed in the latest 10-Q

Text added vs the prior filing · source: 10-Q · 2026-07-29

• For the three months ended June 30, 2026 and 2025, total revenue was $220 million and $180 million, respectively, representing an increase of 22% between periods. For the three months ended June 30, 2026 and 2025, net income was $2 million and net loss was $5 million, respectively. For the six month…

• During June 2026, we entered into separate, privately negotiated repurchase agreements with a limited number of holders of the 2028 Convertible Notes (the “June 2026 Repurchases”) to repurchase approximately $122 million aggregate principal amount of the 2028 Convertible Notes for an aggregate cash …

• In the aggregate, the difference between the consideration used for the March 2026 Repurchases and June 2026 Repurchases, and the carrying value of the 2028 Convertible Notes resulted in a gain of $12 million recorded within net gain on extinguishment of debt on our condensed consolidated statements…

• On June 18, 2026, we issued $316 million aggregate principal amount of 0% Convertible Notes due July 1, 2032 in a private placement to qualified institutional buyers pursuant to Rule 144A under the Securities Act (the “2032 Convertible Notes”). The total net proceeds from the 2032 Convertible Notes,…

• For the six months ended June 30, 2026 and 2025, our effective tax rate was (197.0)% and (0.8)%, respectively. For the six months ended June 30, 2026 and 2025, our income tax benefit was $4 million and our income tax expense was less than $1 million, respectively. The increase in tax benefit is prim…

Text removed vs the prior filing · source: 10-Q · 2026-04-30

• For the three months ended March 31, 2026 and 2025, total revenue was $209 million and $174 million, respectively, representing an increase of 20% between periods. For the three months ended March 31, 2026 and 2025, net income was $4 million and net loss was $4 million, respectively.

• The difference between the consideration used for the 2026 Repurchases and the carrying value of the 2028 Convertible Notes resulted in a gain of $7 million recorded within net gain on extinguishment of debt on our consolidated statements of operations for the three months ended March 31, 2026.

• Judgment is required in determining whether deferred tax assets will be realized in full or in part. Management assesses the available positive and negative evidence on a jurisdictional basis to estimate if deferred tax assets will be recognized and when it is more likely than not that all or some d…

• Comparison of the three months ended March 31, 2026 and 2025

• For the three months ended March 31, 2026, our cloud communications revenue increased by $17 million, or 13%, compared with the same period in 2025. Within cloud communications revenue, our Global Voice Plans revenue grew by 12% and was driven by higher voice traffic on our network. Our Programmable…

Text added vs the prior filing · source: 10-Q · 2026-07-29

• Customers generally are charged based on the usage of our services. Most of our customers do not have long-term contractual financial commitments to us and, therefore, most of our customers may reduce or cease their use of our services at any time without penalty or termination charges. We cannot ac…

• We also must integrate with a variety of network, hardware, mobile and software platforms and technologies, which requires us to adapt our communications platform and product offerings to changes and innovation in these technologies. Wireline and wireless telephone providers, as well as cell-phone o…

• Our use of AI, including the ability for customers to integrate AI technologies developed by third parties into certain offerings via our Maestro platform and related offerings, may fail to yield the anticipated returns and could expose us to operational, competitive, and reputational risks that may…

• We currently use AI in our business primarily with a focus on driving operational efficiencies for greater productivity, including in customer service, internal operations and network management, and we continue to expand our exploration of such capabilities. We also offer our customers the ability …

• The rapidly evolving legal and regulatory landscape governing AI may impose significant compliance costs, restrict our use of AI, or expose us to liability, and our failure to anticipate or respond to these developments could adversely affect our operations.

Text removed vs the prior filing · source: 10-Q · 2026-04-30

• Customers generally are charged based on the usage of our services. Most of our customers do not have long-term contractual financial commitments to us and, therefore, most of our customers may reduce or cease their use of our services at any time without penalty or termination charges. We cannot ac…

• usage levels, and the loss of customers or reductions in their service usage levels may each have a negative impact on our business, results of operations and financial condition and may cause our net retention rate to decline in the future. As a result, we may be required to spend significantly mor…

• We also must integrate with a variety of network, hardware, mobile and software platforms and technologies, which requires us to adapt our communications platform and product offerings to changes and innovation in these technologies. Wireline and wireless telephone providers, as well as cell-phone o…

• technologies intended to filter illegal robocalls or other unwanted phone calls or messages. Such applications, functions or technologies may inadvertently filter legal and desired calls or messages to or from our customers and in some cases, we may need to update our services and technology or work…

• Use of AI in our business, and its use by others, may present challenges with properly managing its use including potential reputational harm, competitive harm, and legal liability, or otherwise adversely affect our operations.

Text added vs the prior filing · source: 10-Q · 2026-07-29

• Covers the sale of up to 16,000 shares of Class A common stock.

• Covers the sale of up to 7,500 shares of Class A common stock.

• Covers the sale of an indeterminate number of shares of Class A common stock issued upon future equity award vesting events.

• (1) On June 3, 2026, the stock trading plan pursuant to Rule 10b5-1, adopted by Mr. Raiford on December 3, 2025, was modified.

• On May 15, 2026, the stock trading plan pursuant to Rule 10b5-1, adopted by Mr. Morken, our Chief Executive Officer, on May 21, 2025, automatically terminated pursuant to its terms.

Text removed vs the prior filing · source: 10-Q · 2026-04-30

• Covers the sale of up to (i) 10,000 shares of Class A common stock, plus (ii) an indeterminate number of shares of Class A common stock issued upon future equity award vesting events.

• (1) On March 12, 2026, the stock trading plan pursuant to Rule 10b5-1, adopted by Mr. Krupka on March 12, 2025, automatically terminated pursuant to its terms.