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BILL

Bill.com Holdings, Inc.

BILL

Bill.com Holdings, Inc. • NYSE
$50.15 ▲ 1.23% (+0.61)
Market Cap $5.15 B
52w High $100.19
52w Low $36.55
Dividend Yield 0%
P/E -278.61
Volume 864.26K
Outstanding Shares 102.63M

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q1-2026 $395.741M ▲ $350.454M ▲ $-2.962M ▲ -0.748% ▲ $-0.03 ▲ $16.191M ▼
Q4-2025 $383.349M ▲ $332.01M ▲ $-7.072M ▲ -1.845% ▲ $-0.069 ▲ $23.178M ▲
Q3-2025 $358.217M ▼ $319.951M ▲ $-11.589M ▼ -3.235% ▼ $-0.11 ▼ $15.958M ▼
Q2-2025 $362.554M ▲ $317.656M ▲ $33.548M ▲ 9.253% ▲ $-0.062 ▼ $60.261M ▲
Q1-2025 $358.45M $301.452M $8.912M 2.486% $0.084 $39.019M

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q1-2026 $2.315B ▼ $10.151B ▲ $6.269B ▲ $3.883B ▼
Q4-2025 $2.32B ▲ $10.064B ▲ $6.15B ▲ $3.914B ▲
Q3-2025 $2.173B ▼ $9.633B ▼ $5.762B ▼ $3.87B ▲
Q2-2025 $2.211B ▲ $9.674B ▲ $5.865B ▲ $3.809B ▼
Q1-2025 $1.473B $9.045B $5.032B $4.013B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q1-2026 $-2.962M ▲ $99.186M ▲ $-108.721M ▼ $-1.231M ▼ $71.504M ▼ $97.887M ▲
Q4-2025 $-7.072M ▲ $83.816M ▼ $-43.589M ▲ $339.617M ▲ $379.734M ▲ $68.479M ▼
Q3-2025 $-11.589M ▼ $99.53M ▲ $-644.105M ▼ $-105.573M ▼ $-518.393M ▼ $93.392M ▲
Q2-2025 $33.548M ▲ $78.716M ▼ $9.842M ▲ $537.631M ▲ $625.544M ▲ $85.755M ▲
Q1-2025 $8.912M $88.582M $-139.538M $-105.153M $-156.236M $81.543M

Revenue by Products

Product Q2-2025Q3-2025Q4-2025Q1-2026
Interest On Funds Held For Customers
Interest On Funds Held For Customers
 $40.00M ▲$40.00M ▲$40.00M ▲$40.00M ▲
Subscription And Transaction Fees
Subscription And Transaction Fees
 $320.00M ▲$320.00M ▲$350.00M ▲$360.00M ▲

Five-Year Company Overview

Income Statement

Income Statement Bill’s top line has grown rapidly over the past several years, showing strong demand for its payment and back‑office automation tools. Gross profit has scaled nicely with that growth, which means the core software and payments model is economically attractive. The company has steadily narrowed its operating losses and has recently moved close to, or just into, break‑even on an operating and net income basis. This shift reflects better cost control and improving operating leverage as the business matures. The main watch‑point is that profitability is still relatively new and not yet deeply established, so there is some uncertainty about how margins will behave if growth slows or competition intensifies.

Balance Sheet

Balance Sheet Bill’s balance sheet looks relatively solid for a growing software and payments company. Total assets and shareholder equity have increased meaningfully over time, indicating that the company has been building its financial base as it scales. It holds a healthy cash position, though not excessive, giving it some flexibility to invest and absorb shocks. Debt levels are noticeable but not extreme relative to its size and equity, suggesting a manageable amount of leverage rather than a stressed capital structure. Overall, the company appears to have a reasonable financial cushion, but not an unlimited one, so disciplined capital allocation remains important.

Cash Flow

Cash Flow The cash flow profile is a bright spot. After early years of modest cash burn, Bill has shifted to consistently generating cash from its operations. Free cash flow has turned positive and improved over time, helped by an asset‑light model with low capital spending needs. This means that, even while accounting profits only recently turned the corner, the underlying business has begun to fund itself rather than relying heavily on external capital. The key question going forward is whether Bill can sustain and build on this cash generation while continuing to invest in growth and new features.

Competitive Edge

Competitive Edge Bill occupies a strong niche in automating payables, receivables, and spend management for small and mid‑sized businesses. Its main advantages come from a large network of businesses using the platform, deep relationships with accounting firms, and tight integrations with leading accounting and ERP systems. These factors make Bill’s tools deeply embedded in customer workflows and harder to replace. At the same time, it operates in a very competitive fintech and spend‑management landscape, with rivals like Brex, Airbase, Tipalti, and broader software suites pushing into adjacent territory. Competitive risks include price pressure, feature copy‑cats, and larger ecosystems (such as big accounting or ERP vendors) bundling similar capabilities. Bill’s ability to maintain differentiation through network effects, partner channels, and product depth will be crucial.

Innovation and R&D

Innovation and R&D Innovation is at the center of Bill’s strategy. The company has leaned hard into AI and automation, using tools like its Intelligent Virtual Assistant and specialized AI agents (such as the W‑9 Agent) to reduce manual data entry and make financial workflows more “touchless.” Its unified platform spanning payables, receivables, spend, and cash‑flow insights is designed to be a single hub for SMB financial operations rather than just a point solution. The BILL API Platform and growing analytics offerings (like cash‑flow forecasting and insights) show a push into becoming an intelligence layer on top of payments and accounting data. Future upside depends on how effectively Bill can expand its AI agents, deepen integrations, grow internationally, and possibly build an ecosystem around its platform. Risks include rapid technology change, the need for ongoing heavy investment, and regulatory and security demands on AI‑driven financial tools.

Summary

Bill has evolved from a fast‑growing but loss‑making fintech into a more balanced software and payments business that combines strong revenue growth with improving profitability and solid cash generation. Its financial position is reasonably healthy, with growing equity, manageable debt, and positive free cash flow, though profitability is still relatively young. On the strategic side, Bill benefits from network effects, embedded workflows, and trusted partnerships, giving it a meaningful, though not unassailable, competitive moat. Heavy investment in AI‑driven automation and a unified financial operations platform positions it well for further product expansion and international growth. Key things to monitor include the durability of its recent margin improvements, how it navigates intense competition in SMB financial software, and its execution on ambitious AI and platform roadmaps without overextending its financial resources.

NEWS

November 25, 2025 · 4:05 PM UTC

BILL to Participate in Upcoming Investor Conference

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November 11, 2025 · 4:05 PM UTC

BILL to Participate in Upcoming Investor Conference

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November 6, 2025 · 4:01 PM UTC

BILL Reports First Quarter Fiscal Year 2026 Financial Results

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October 28, 2025 · 9:00 AM UTC

BILL Launches New AI Agents to Power Touchless Transactions for the Fortune 5 Million

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October 22, 2025 · 9:00 AM UTC

Acumatica and BILL Team Up to Streamline and Accelerate Payments for Growing Businesses

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