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 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Revenue | $1.46B | $1.29B | $1.06B | $641.96M | $238.26M | $157.60M |
| Cost of Revenue | $272.10M | $234.62M | $193.98M | $145.00M | $61.81M | $39.14M |
| Gross Profit | $1.19B | $1.06B | $864.49M | $496.95M | $176.46M | $118.46M |
| R&D | $340.06M | $336.75M | $314.63M | $219.82M | $90.23M | $53.41M |
| SG&A | $281.91M | $277.66M | $281.28M | $241.17M | $128.82M | $53.89M |
| Total Operating Expenses | $1.27B | $1.23B | $1.16B | $813.77M | $290.43M | $152.65M |
| D&A | $27.50M | $23.20M | $48.50M | $45.63M | $5.35M | $4.26M |
| Operating Income | ($80.60M) | ($174.16M) | ($295.77M) | ($316.82M) | ($113.97M) | ($34.20M) |
| Interest Expense | - | $19.18M | $15.20M | $9.42M | $28.16M | $229.0K |
| Income Tax | $6.61M | $2.56M | $808.0K | ($4.32M) | ($40.62M) | $53.0K |
| Net Income | $23.80M | ($28.88M) | ($223.72M) | ($326.36M) | ($98.72M) | ($31.09M) |
| EPS - Basic | $0.23 | ($0.27) | ($2.11) | ($0.70) | - | - |
| EPS - Diluted | ($0.07) | ($0.27) | ($2.11) | ($0.70) | - | - |
Balance Sheet
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $1.04B | $985.94M | $1.62B | $1.60B | $509.62M | $22.40M |
| Accounts Receivable | $32.34M | $28.05M | $28.23M | $24.05M | $18.22M | $4.25M |
| Inventory | - | - | - | - | - | - |
| Accounts Payable | $16.29M | $7.45M | $8.52M | $9.95M | $11.90M | $3.48M |
| Current Assets | $7.24B | $6.31B | $6.67B | $6.28B | $3.61B | $2.38B |
| Total Assets | $10.06B | $9.18B | $9.64B | $9.26B | $5.97B | $2.40B |
| Current Liabilities | $4.59B | $4.06B | $3.75B | $3.41B | $2.33B | $1.68B |
| Long-term Debt | $1.71B | $914.00M | $1.84B | $1.77B | - | - |
| Total Liabilities | $6.15B | $5.04B | $5.55B | $5.21B | $3.44B | $1.69B |
| Stockholders' Equity | $3.91B | $4.13B | $4.09B | $4.04B | $2.53B | ($96.83M) |
| Retained Earnings | ($1.51B) | ($1.10B) | ($856.17M) | ($544.83M) | ($247.47M) | ($148.75M) |
Cash Flow
| Line item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Operating Cash Flow | $350.64M | $278.77M | $187.77M | ($18.09M) | $4.62M | ($4.43M) |
| Investing Cash Flow | ($817.39M) | ($409.37M) | $259.29M | ($1.13B) | ($1.43B) | ($249.49M) |
| Financing Cash Flow | $666.52M | ($742.60M) | $235.11M | $2.88B | $1.64B | $863.13M |
| CapEx | $4.33M | $976.0K | $7.59M | $5.38M | $18.90M | $11.44M |
| Free Cash Flow | $346.31M | $277.80M | $180.18M | ($23.47M) | ($14.28M) | ($15.87M) |
Ratios
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | 81.4% | 81.8% | 81.7% | 77.4% | 74.1% | 75.2% |
| Operating margin | -5.5% | -13.5% | -27.9% | -49.4% | -47.8% | -21.7% |
| EBITDA margin | -3.6% | -11.7% | -23.4% | -42.2% | -45.6% | -19.0% |
| Net margin | 1.6% | -2.2% | -21.1% | -50.8% | -41.4% | -19.7% |
| Free cash flow margin | 23.7% | 21.5% | 17.0% | -3.7% | -6.0% | -10.1% |
| FCF / Net income | 14.55 | -9.62 | -0.81 | 0.07 | 0.14 | 0.51 |
| R&D / Revenue | 23.3% | 26.1% | 29.7% | 34.2% | 37.9% | 33.9% |
| SG&A / Revenue | 19.3% | 21.5% | 26.6% | 37.6% | 54.1% | 34.2% |
| Effective tax rate | 21.7% | - | - | - | - | - |
| Return on assets | 0.2% | -0.3% | -2.3% | -3.5% | -1.7% | -1.3% |
| Return on equity | 0.6% | -0.7% | -5.5% | -8.1% | -3.9% | 32.1% |
| Return on invested capital | -1.1% | -2.7% | -3.9% | -4.3% | - | - |
| Liquidity | ||||||
| Current ratio | 1.58 | 1.55 | 1.78 | 1.84 | 1.55 | 1.42 |
| Quick ratio | 1.58 | 1.55 | 1.78 | 1.84 | 1.55 | 1.42 |
| Cash ratio | 0.23 | 0.24 | 0.43 | 0.47 | 0.22 | 0.01 |
| Leverage | ||||||
| Debt / Equity | 0.44 | 0.22 | 0.45 | 0.44 | - | - |
| Debt / Assets | 0.17 | 0.10 | 0.19 | 0.19 | - | - |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | - | -9.1x | -19.5x | -33.6x | -4.0x | -149.3x |
| Equity multiplier | 2.57 | 2.22 | 2.36 | 2.29 | 2.36 | -24.83 |
| Liabilities / Assets | 0.61 | 0.55 | 0.58 | 0.56 | 0.58 | 0.70 |
| Efficiency | ||||||
| Asset turnover | 0.15 | 0.14 | 0.11 | 0.07 | 0.04 | 0.07 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | 8d | 8d | 10d | 14d | 28d | 10d |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | 22d | 12d | 16d | 25d | 70d | 32d |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | - | - | - | - | - | - |
| P / B | 1.2x | 1.4x | 3.0x | 1.2x | - | - |
| P / S | 3.3x | 4.3x | 11.7x | 7.6x | - | - |
| EV / EBITDA | - | - | - | - | - | - |
| Growth | ||||||
| Revenue growth (YoY) | 13.4% | 21.9% | 64.9% | 169.4% | 51.2% | - |
| Revenue CAGR (3y) | 31.6% | 75.6% | 88.7% | - | - | - |
| Revenue CAGR (5y) | 56.1% | - | - | - | - | - |
| Gross profit growth (YoY) | 12.8% | 22.1% | 74.0% | 181.6% | 49.0% | - |
| Operating income growth (YoY) | 53.7% | 41.1% | 6.6% | -178.0% | -233.3% | - |
| Net income growth (YoY) | - | 87.1% | 31.4% | -230.6% | -217.5% | - |
| EPS growth (YoY) | 74.1% | 87.2% | -201.4% | - | - | - |
| EPS CAGR (3y) | - | - | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - | - | - |
| FCF growth (YoY) | 24.7% | 54.2% | - | -64.4% | 10.0% | - |
| FCF CAGR (5y) | - | - | - | - | - | - |
| Book value growth (YoY) | -5.3% | 1.2% | 1.0% | 59.9% | - | - |
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%
Stability scores
Altman Z′
FY 2025 · bankruptcy risk
0.45
Distress
Private-firm variant - uses book equity instead of market cap. > 2.90 safe · 1.23-2.90 grey · < 1.23 distress.
Piotroski F-score
FY 2025 · 9-point quality
7/9
Strong
- ✓Net income positive
- ✓Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- ✗Long-term debt decreased
- ✓Current ratio improved
- ✓No share dilution
- ✗Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Services-Prepackaged Software
Comparing BILL Holdings against the 5 most active filers in the same SIC group.