BILL · Bill Holdings, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '24 | Q2 '24 | Q3 '24 | Q2 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $406.56M | $414.67M | $395.74M | $362.55M | $358.22M | $358.45M | $318.50M | $323.03M | $260.01M | $272.56M |
| Cost of Revenue | $74.71M | $83.59M | $77.00M | $66.61M | $67.21M | $64.70M | $58.38M | $55.01M | $47.47M | $48.85M |
| Gross Profit | $331.86M | $331.08M | $318.74M | $295.95M | $291.00M | $293.75M | $260.12M | $268.02M | $212.54M | $223.71M |
| R&D | $74.39M | $82.81M | $80.29M | $84.78M | $86.54M | $78.69M | $86.49M | $81.59M | $78.91M | $78.76M |
| SG&A | $72.29M | $79.50M | $76.92M | $71.12M | $73.85M | $66.77M | $85.58M | $81.57M | $69.38M | $71.72M |
| Total Operating Expenses | $332.25M | $349.16M | $339.46M | $317.66M | $319.95M | $301.45M | $327.79M | $295.64M | $325.00M | $277.92M |
| D&A | $8.48M | $8.38M | $8.07M | $7.86M | $7.86M | $9.01M | $12.32M | $12.26M | $12.03M | $12.09M |
| Operating Income | ($399.0K) | ($18.08M) | ($20.72M) | ($21.71M) | ($28.95M) | ($7.70M) | ($67.67M) | ($27.62M) | ($112.46M) | ($54.22M) |
| Interest Expense | - | - | - | - | - | - | - | - | - | - |
| Income Tax | $1.99M | $522.0K | $149.0K | $45.0K | $1.29M | $1.27M | $1.67M | $370.0K | ($365.0K) | $542.0K |
| Net Income | $12.79M | ($2.59M) | ($2.96M) | $33.55M | ($11.59M) | $8.91M | ($40.42M) | $31.81M | ($95.08M) | ($31.14M) |
| EPS - Basic | $0.13 | ($0.03) | ($0.03) | $0.33 | ($0.11) | $0.08 | ($0.38) | $0.30 | ($0.78) | ($0.29) |
| EPS - Diluted | $0.12 | ($0.03) | ($0.03) | ($0.06) | ($0.11) | $0.08 | ($0.38) | $0.00 | ($0.78) | ($0.29) |
Balance Sheet
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '24 | Q2 '24 | Q3 '24 | Q2 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $994.67M | $1.09B | $1.10B | $1.04B | $1.05B | $853.47M | $985.94M | $952.47M | $1.62B | $1.59B |
| Accounts Receivable | $32.14M | $41.16M | $32.11M | $32.34M | $26.66M | $31.93M | $28.05M | $29.89M | $28.23M | $34.06M |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | $7.15M | $5.04M | $7.00M | $16.29M | $9.30M | $11.18M | $7.45M | $6.82M | $8.52M | $9.14M |
| Current Assets | $7.28B | $7.33B | $7.33B | $7.24B | $6.80B | $6.20B | $6.31B | $6.23B | $6.67B | $6.41B |
| Total Assets | $10.08B | $10.13B | $10.15B | $10.06B | $9.63B | $9.05B | $9.18B | $9.12B | $9.64B | $9.38B |
| Current Liabilities | $4.39B | $4.43B | $4.38B | $4.59B | $4.02B | $4.06B | $4.06B | $3.83B | $3.75B | $3.34B |
| Long-term Debt | $1.83B | $1.83B | $1.87B | $1.71B | $1.68B | $914.82M | $914.00M | $1.15B | $1.84B | $1.84B |
| Total Liabilities | $6.28B | $6.32B | $6.27B | $6.15B | $5.76B | $5.03B | $5.04B | $5.06B | $5.55B | $5.28B |
| Stockholders' Equity | $3.80B | $3.81B | $3.88B | $3.91B | $3.87B | $4.01B | $4.13B | $4.06B | $4.09B | $4.10B |
| Retained Earnings | ($1.77B) | ($1.73B) | ($1.60B) | ($1.51B) | ($1.47B) | ($1.29B) | ($1.10B) | ($1.10B) | ($856.17M) | ($779.68M) |
Cash Flow
| Line item | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '24 | Q2 '24 | Q3 '24 | Q2 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | - | - | $96.86M | - | - | $88.58M | - | - | - | - |
| Investing Cash Flow | - | - | ($108.72M) | - | - | ($139.54M) | - | - | - | - |
| Financing Cash Flow | - | - | $1.10M | - | - | ($105.15M) | - | - | - | - |
| CapEx | - | - | $1.30M | - | - | $403.0K | - | - | - | - |
| Free Cash Flow | - | - | $95.56M | - | - | $88.18M | - | - | - | - |
Ratios
| Metric | Q3 '26 | Q2 '26 | Q1 '26 | Q2 '25 | Q3 '25 | Q1 '24 | Q2 '24 | Q3 '24 | Q2 '23 | Q3 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 81.6% | 79.8% | 80.5% | 81.6% | 81.2% | 82.0% | 81.7% | 83.0% | 81.7% | 82.1% |
| Operating margin | -0.1% | -4.4% | -5.2% | -6.0% | -8.1% | -2.1% | -21.2% | -8.6% | -43.3% | -19.9% |
| EBITDA margin | 2.0% | -2.3% | -3.2% | -3.8% | -5.9% | 0.4% | -17.4% | -4.8% | -38.6% | -15.5% |
| Net margin | 3.1% | -0.6% | -0.7% | 9.3% | -3.2% | 2.5% | -12.7% | 9.8% | -36.6% | -11.4% |
| Free cash flow margin | - | - | 24.1% | - | - | 24.6% | - | - | - | - |
| FCF / Net income | - | - | -32.26 | - | - | 9.89 | - | - | - | - |
| R&D / Revenue | 18.3% | 20.0% | 20.3% | 23.4% | 24.2% | 22.0% | 27.2% | 25.3% | 30.3% | 28.9% |
| SG&A / Revenue | 17.8% | 19.2% | 19.4% | 19.6% | 20.6% | 18.6% | 26.9% | 25.3% | 26.7% | 26.3% |
| Effective tax rate | 13.5% | - | - | 0.1% | - | 12.5% | - | 1.1% | - | - |
| Return on assets | 0.1% | -0.0% | -0.0% | 0.3% | -0.1% | 0.1% | -0.4% | 0.3% | -1.0% | -0.3% |
| Return on equity | 0.3% | -0.1% | -0.1% | 0.9% | -0.3% | 0.2% | -1.0% | 0.8% | -2.3% | -0.8% |
| Return on invested capital | -0.0% | -0.3% | -0.3% | -0.4% | -0.4% | -0.1% | -1.1% | -0.5% | -1.5% | -0.7% |
| Liquidity | ||||||||||
| Current ratio | 1.66 | 1.65 | 1.67 | 1.58 | 1.69 | 1.53 | 1.55 | 1.63 | 1.78 | 1.92 |
| Quick ratio | 1.66 | 1.65 | 1.67 | 1.58 | 1.69 | 1.53 | 1.55 | 1.63 | 1.78 | 1.92 |
| Cash ratio | 0.23 | 0.25 | 0.25 | 0.23 | 0.26 | 0.21 | 0.24 | 0.25 | 0.43 | 0.48 |
| Leverage | ||||||||||
| Debt / Equity | 0.48 | 0.48 | 0.48 | 0.44 | 0.43 | 0.23 | 0.22 | 0.28 | 0.45 | 0.45 |
| Debt / Assets | 0.18 | 0.18 | 0.18 | 0.17 | 0.17 | 0.10 | 0.10 | 0.13 | 0.19 | 0.20 |
| Debt / EBITDA | 227.09 | - | - | - | - | 695.68 | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 2.65 | 2.66 | 2.61 | 2.57 | 2.49 | 2.25 | 2.22 | 2.25 | 2.36 | 2.29 |
| Liabilities / Assets | 0.62 | 0.62 | 0.62 | 0.61 | 0.60 | 0.56 | 0.55 | 0.56 | 0.58 | 0.56 |
| Efficiency | ||||||||||
| Asset turnover | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.04 | 0.03 | 0.04 | 0.03 | 0.03 |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | 29d | 36d | 30d | 33d | 27d | 33d | 32d | 34d | 40d | 46d |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | 35d | 22d | 33d | 89d | 51d | 63d | 47d | 45d | 66d | 68d |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | 319.2x | - | - | - | - | 659.5x | - | - | - | - |
| P / B | 1.1x | 1.4x | 1.4x | 1.2x | 1.2x | 1.4x | 1.3x | 1.9x | 3.0x | 2.1x |
| P / S | 10.6x | 13.2x | 13.6x | 13.3x | 13.1x | 15.8x | 17.5x | 23.7x | 47.6x | 30.9x |
| EV / EBITDA | 638.1x | - | - | - | - | 4352.6x | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 13.5% | 14.4% | - | 13.8% | 10.9% | 55.9% | 22.5% | 18.5% | 66.2% | 63.3% |
| Revenue CAGR (3y) | 14.3% | 16.8% | 19.8% | 32.3% | 29.0% | 98.0% | 80.6% | 75.5% | 115.4% | 87.7% |
| Revenue CAGR (5y) | 46.7% | 50.3% | 53.7% | 69.4% | 54.1% | - | - | - | - | - |
| Gross profit growth (YoY) | 14.0% | 11.9% | - | 13.8% | 8.6% | 58.9% | 22.4% | 19.8% | 74.1% | 72.7% |
| Operating income growth (YoY) | 98.6% | 16.7% | - | 67.9% | -4.8% | 91.2% | 39.8% | 49.1% | -47.8% | 34.8% |
| Net income growth (YoY) | - | - | - | - | - | - | 57.5% | - | -18.2% | 64.1% |
| EPS growth (YoY) | - | 50.0% | - | 84.2% | - | - | 51.3% | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| FCF growth (YoY) | - | - | - | - | - | 425.6% | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -1.7% | -2.7% | - | -5.3% | -4.6% | -0.8% | 1.2% | -1.1% | 1.0% | 0.9% |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2025-06-30.
Product / service
$3.99B totalSubscription And Transaction Fees$1.30B · 32.6%
Integrated Platform$1.22B · 30.7%
Accounts Payable And Accounts Receivable Solutions$667.78M · 16.8%
Spend And Expense Interchange Revenue$555.02M · 13.9%
Interest On Funds Held For Customers$161.77M · 4.1%
Embedded And Other Solutions$78.01M · 2.0%
Peer comparison
Same SIC group: Services-Prepackaged Software
Comparing BILL Holdings against the 5 most active filers in the same SIC group.