BILL (BILL) Financials

$37.07 -1.25 (-3.27%)

Closing price 03:59 PM Eastern

Extended Trading

$37.00 -0.07 (-0.18%)

As of 06:44 PM Eastern

Annual Income Statements for BILL

This table shows BILL's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	6/30/2018	6/30/2019	6/30/2020	6/30/2021	6/30/2022	6/30/2023	6/30/2024	6/30/2025
Net Income / (Loss) Attributable to Common Shareholders	-7.20	-7.31	-31	-99	-326	-224	-29	24
Consolidated Net Income / (Loss)	-7.20	-7.31	-31	-99	-326	-224	-29	24
Net Income / (Loss) Continuing Operations	-7.20	-7.31	-31	-99	-326	-224	-29	24
Total Pre-Tax Income	-7.19	-7.47	-31	-139	-331	-223	-26	30
Total Operating Income	-7.82	-9.80	-34	-114	-317	-296	-174	-81
Total Gross Profit	45	78	118	176	497	864	1,056	1,190
Total Revenue	65	108	158	238	642	1,058	1,290	1,463
Operating Revenue	65	108	158	238	642	1,058	1,290	1,463
Total Cost of Revenue	19	30	39	62	145	194	235	272
Operating Cost of Revenue	19	30	39	62	145	194	235	272
Total Operating Expenses	53	88	153	290	814	1,160	1,230	1,271
Selling, General & Admin Expense	16	29	53	128	221	249	278	282
Marketing Expense	19	30	45	68	307	516	479	544
Research & Development Expense	18	29	53	90	220	315	337	340
Depreciation Expense	-	-	1.14	4.87	46	48	49	33
Other Operating Expenses / (Income)	-	-	-	-	20	32	60	73
Restructuring Charge	-	-	-	-	0.00	0.00	28	0.00
Total Other Income / (Expense), net	0.63	2.33	3.16	-25	-14	73	148	111
Other Income / (Expense), net	0.63	2.33	3.16	-25	-14	73	148	111
Income Tax Expense	0.01	-0.16	0.05	-41	-4.32	0.81	2.56	6.61
Basic Earnings per Share	($1.01)	($0.94)	($0.70)	($1.19)	($3.21)	($2.11)	($0.27)	$0.23
Weighted Average Basic Shares Outstanding	7.16M	7.80M	44.11M	82.81M	101.75M	105.98M	106.10M	103.57M
Diluted Earnings per Share	($1.01)	($0.94)	($0.70)	($1.19)	($3.21)	($2.11)	($0.27)	($0.07)
Weighted Average Diluted Shares Outstanding	7.16M	7.80M	44.11M	82.81M	101.75M	105.98M	106.10M	103.91M
Weighted Average Basic & Diluted Shares Outstanding	7.16M	7.80M	44.11M	82.81M	104.84M	106.61M	106.69M	101.63M

This table shows BILL's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026
Period end date	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	9/30/2025	12/31/2025
Net Income / (Loss) Attributable to Common Shareholders	-31	-16	-28	-40	32	7.60	8.91	34	-12	-2.96	-2.59
Consolidated Net Income / (Loss)	-31	-16	-28	-40	32	7.60	8.91	34	-12	-2.96	-2.59
Net Income / (Loss) Continuing Operations	-31	-16	-28	-40	32	7.60	8.91	34	-12	-2.96	-2.59
Total Pre-Tax Income	-31	-15	-27	-39	32	7.60	10	34	-10	-2.81	-2.07
Total Operating Income	-54	-41	-57	-68	-28	-22	-7.70	-22	-29	-21	-18
Total Gross Profit	224	243	249	260	268	278	294	296	291	319	331
Total Revenue	273	296	305	318	323	344	358	363	358	396	415
Operating Revenue	273	296	305	318	323	344	358	363	358	396	415
Total Cost of Revenue	49	53	56	58	55	65	65	67	67	77	84
Operating Cost of Revenue	49	53	56	58	55	65	65	67	67	77	84
Total Operating Expenses	278	285	306	328	296	301	301	318	320	339	349
Selling, General & Admin Expense	72	41	73	70	64	25	67	71	74	77	79
Marketing Expense	115	117	118	118	118	124	126	133	137	149	155
Research & Development Expense	79	82	89	86	82	80	79	85	87	80	83
Depreciation Expense	12	12	13	12	12	12	9.01	7.86	7.86	8.07	8.38
Other Operating Expenses / (Income)	-	-	12	16	18	-	21	21	15	16	23
Restructuring Charge	0.00	-	-	25	2.10	-	0.00	0.00	0.00	8.87	0.41
Total Other Income / (Expense), net	24	26	29	29	60	30	18	55	19	18	16
Other Income / (Expense), net	24	26	29	29	60	30	18	55	19	18	16
Income Tax Expense	0.54	0.74	0.52	1.67	0.37	0.00	1.27	0.05	1.29	0.15	0.52
Basic Earnings per Share	($0.29)	($0.14)	($0.26)	($0.38)	$0.30	$0.07	$0.08	$0.33	($0.11)	($0.03)	($0.03)
Weighted Average Basic Shares Outstanding	106.60M	105.98M	106.82M	105.91M	105.44M	106.10M	105.67M	103.10M	102.22M	101.92M	100.53M
Diluted Earnings per Share	($0.29)	($0.14)	($0.26)	($0.38)	$0.00	$0.37	$0.08	($0.06)	($0.11)	($0.03)	($0.03)
Weighted Average Diluted Shares Outstanding	106.60M	105.98M	106.82M	105.91M	111.18M	106.10M	107.32M	104.48M	102.22M	101.92M	100.53M
Weighted Average Basic & Diluted Shares Outstanding	106.27M	106.61M	103.50M	105.13M	106.14M	106.69M	-	101.95M	103.03M	100.16M	98.96M

This table details how cash moves in and out of BILL's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	6/30/2018	6/30/2019	6/30/2020	6/30/2021	6/30/2022	6/30/2023	6/30/2024	6/30/2025
Net Change in Cash & Equivalents	-100	392	609	217	1,733	682	-873	199
Net Cash From Operating Activities	-8.36	-3.95	-4.43	4.62	-18	188	279	351
Net Cash From Continuing Operating Activities	-8.36	-3.95	-4.43	4.62	-18	188	279	351
Net Income / (Loss) Continuing Operations	-7.20	-7.31	-31	-99	-326	-224	-29	24
Consolidated Net Income / (Loss)	-7.20	-7.31	-31	-99	-326	-224	-29	24
Depreciation Expense	2.31	3.15	3.23	4.44	9.16	11	14	13
Amortization Expense	0.00	-1.32	-2.79	39	95	54	41	44
Non-Cash Adjustments To Reconcile Net Income	1.22	4.21	19	73	225	355	263	262
Changes in Operating Assets and Liabilities, net	-4.70	-2.68	7.44	-13	-20	-8.97	-9.34	7.59
Net Cash From Investing Activities	-418	-96	-249	-1,427	-1,127	259	-409	-817
Net Cash From Continuing Investing Activities	-418	-96	-249	-1,427	-1,127	259	-409	-817
Purchase of Property, Plant & Equipment	-2.05	-4.30	-12	-21	-16	-31	-21	-38
Acquisitions	-	0.00	0.00	-556	-144	-29	0.00	-2.87
Purchase of Investments	-727	-831	-1,089	-2,070	-2,802	-2,750	-3,042	-3,647
Divestitures	-	-	0.00	0.00	6.70	2.08	0.00	0.00
Sale and/or Maturity of Investments	307	749	852	1,247	1,958	3,300	2,840	3,002
Other Investing Activities, net	3.69	-10	-0.96	-26	-131	-233	-186	-132
Net Cash From Financing Activities	326	492	863	1,640	2,879	235	-743	667
Net Cash From Continuing Financing Activities	326	492	863	1,640	2,879	235	-743	667
Repayment of Debt	-3.39	-9.50	0.00	-2.30	-40	0.00	-933	-565
Repurchase of Common Equity	-	-	-	0.00	0.00	-88	-212	-430
Issuance of Debt	9.50	0.00	2.30	1,129	598	60	45	1,400
Issuance of Common Equity	0.00	0.00	534	8.86	1,354	18	16	12
Other Financing Activities, net	264	416	327	504	967	245	341	250
Cash Interest Paid	0.44	0.87	0.17	0.11	4.87	7.44	13	14
Cash Income Taxes Paid	-	-	-	0.00	0.00	1.27	5.63	6.32

This table details how cash moves in and out of BILL's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q4 2025	Q1 2026	Q2 2026
Period end date	6/30/2023	9/30/2024	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	6/30/2025	9/30/2025	12/31/2025
Net Change in Cash & Equivalents	655	-156	220	-1,353	16	-156	626	-650	380	-11	129
Net Cash From Operating Activities	80	89	80	67	79	89	79	100	84	97	105
Net Cash From Continuing Operating Activities	80	89	80	72	73	89	79	100	84	97	105
Net Income / (Loss) Continuing Operations	-16	8.91	-40	32	7.60	8.91	34	-12	-7.07	-2.96	-2.59
Consolidated Net Income / (Loss)	-16	8.91	-40	32	7.60	8.91	34	-12	-7.07	-2.96	-2.59
Depreciation Expense	3.35	3.17	3.24	3.21	3.67	3.17	3.51	3.17	3.16	3.84	7.62
Amortization Expense	9.69	9.54	13	9.35	7.62	9.54	10	12	13	14	23
Non-Cash Adjustments To Reconcile Net Income	69	73	82	49	53	73	44	74	71	71	82
Changes in Operating Assets and Liabilities, net	15	-5.94	22	-21	1.04	-5.94	-12	22	4.09	11	-4.94
Net Cash From Investing Activities	379	-140	-50	-618	-43	-140	9.84	-644	-44	-109	137
Net Cash From Continuing Investing Activities	379	-140	-50	-618	-43	-140	9.84	-644	-44	-109	137
Purchase of Property, Plant & Equipment	-7.47	-7.04	-5.12	-3.85	-5.53	-7.06	-7.10	-9.01	-15	-15	-14
Purchase of Investments	-355	-820	-668	-1,301	-641	-820	-772	-1,301	-755	-614	-579
Sale and/or Maturity of Investments	777	736	593	675	789	736	737	819	710	573	724
Other Investing Activities, net	-36	-48	30	12	-186	-48	55	-154	16	-53	5.85
Net Cash From Financing Activities	195	-105	191	-801	-20	-105	538	-106	340	1.10	-113
Net Cash From Continuing Financing Activities	195	-105	191	-801	-20	-105	538	-106	340	1.10	-113
Repurchase of Common Equity	-64	-200	-200	-	-	-200	-200	-	-30	-83	-133
Issuance of Common Equity	-	5.30	-	8.65	-	5.30	-	-	6.25	0.00	4.65
Other Financing Activities, net	259	90	391	-144	202	90	-100	-105	365	-66	50

This table presents BILL's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2019	2020	2021	2022	2023	2024	2025
Period end date	6/30/2019	6/30/2020	6/30/2021	6/30/2022	6/30/2023	6/30/2024	6/30/2025
Total Assets	1,526	2,404	5,969	9,256	9,636	9,179	10,064
Total Current Assets	1,513	2,379	3,606	6,279	6,673	6,315	7,239
Cash & Equivalents	90	574	510	1,597	1,617	986	1,038
Restricted Cash	1,329	1,644	2,209	3,143	3,356	3,705	4,044
Short-Term Investments	72	124	655	1,108	1,043	602	1,180
Accounts Receivable	4.40	4.25	18	24	28	28	32
Prepaid Expenses	12	27	67	151	170	297	258
Other Current Assets	4.80	6.55	147	256	459	697	685
Plant, Property, & Equipment, net	6.56	14	49	57	82	88	117
Total Noncurrent Assets	6.64	11	2,314	2,920	2,881	2,776	2,709
Goodwill	-	0.00	1,772	2,363	2,397	2,397	2,397
Intangible Assets	-	0.00	417	433	361	281	223
Other Noncurrent Operating Assets	6.64	11	125	124	123	98	89
Total Liabilities & Shareholders' Equity	1,526	2,404	5,969	9,256	9,636	9,179	10,064
Total Liabilities	1,353	1,693	3,440	5,212	5,550	5,045	6,150
Total Current Liabilities	1,349	1,677	2,326	3,409	3,753	4,063	4,589
Short-Term Debt	0.00	-	0.00	75	135	0.00	213
Accounts Payable	5.06	3.48	12	9.95	8.52	7.45	16
Accrued Expenses	6.56	11	72	120	195	300	252
Customer Deposits	1,329	1,644	2,209	3,143	3,356	3,705	4,044
Current Deferred Revenue	3.47	5.89	13	32	26	17	22
Current Employee Benefit Liabilities	4.33	12	20	29	33	34	40
Total Noncurrent Liabilities	3.23	16	1,114	1,804	1,797	982	1,561
Long-Term Debt	-	0.00	989	1,698	1,705	914	1,501
Noncurrent Deferred Revenue	1.79	2.62	2.93	2.16	0.41	4.17	0.29
Other Noncurrent Operating Liabilities	1.45	14	122	104	91	63	60
Commitments & Contingencies	0.00	0.00	-	-	-	-	0.00
Total Equity & Noncontrolling Interests	-103	711	2,530	4,044	4,086	4,134	3,914
Total Preferred & Common Equity	-103	711	2,530	4,044	4,086	4,134	3,914
Total Common Equity	-103	711	2,530	4,044	4,086	4,134	3,914
Common Stock	15	857	2,777	4,599	4,947	5,233	5,415
Retained Earnings	-118	-149	-247	-545	-856	-1,097	-1,511
Accumulated Other Comprehensive Income / (Loss)	0.33	2.42	-0.10	-10	-4.49	-1.89	10

This table presents BILL's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024	Q2 2025	Q3 2025	Q1 2026	Q2 2026
Period end date	3/31/2022	9/30/2022	12/31/2022	3/31/2023	9/30/2024	12/31/2023	3/31/2024	12/31/2024	3/31/2025	9/30/2025	12/31/2025
Total Assets	9,184	9,253	9,738	9,381	9,045	9,872	9,122	9,674	9,633	10,151	10,126
Total Current Assets	6,183	6,292	6,748	6,405	6,204	6,956	6,228	6,840	6,804	7,330	7,325
Cash & Equivalents	1,639	1,609	1,617	1,591	853	1,580	952	1,566	1,048	1,100	1,095
Restricted Cash	3,044	3,122	3,474	3,106	3,787	3,655	3,511	3,767	3,657	3,975	4,032
Short-Term Investments	1,143	1,035	1,067	1,073	620	973	837	645	1,125	1,215	1,147
Accounts Receivable	27	29	31	34	32	27	30	29	27	32	41
Prepaid Expenses	92	140	179	170	284	205	256	252	241	269	278
Other Current Assets	238	358	381	431	628	517	642	582	706	739	732
Plant, Property, & Equipment, net	53	62	69	77	90	87	87	94	105	129	127
Total Noncurrent Assets	2,948	2,899	2,921	2,898	2,751	2,830	2,806	2,740	2,724	2,692	2,674
Goodwill	2,363	2,362	2,397	2,397	2,397	2,397	2,397	2,397	2,397	2,397	2,397
Intangible Assets	452	413	402	382	265	321	301	253	238	208	192
Other Noncurrent Operating Assets	133	124	122	120	89	112	109	90	89	88	85
Total Liabilities & Shareholders' Equity	9,184	9,253	9,738	9,381	9,045	9,872	9,122	9,674	9,633	10,151	10,126
Total Liabilities	5,116	5,206	5,654	5,277	5,032	5,921	5,064	5,865	5,762	6,269	6,320
Total Current Liabilities	4,392	3,326	3,731	3,335	4,056	4,118	3,827	4,122	4,018	4,378	4,430
Short-Term Debt	1,165	0.00	0.00	0.00	-	135	0.00	33	33	33	0.00
Accounts Payable	9.43	12	14	9.14	11	8.77	6.82	5.72	9.30	7.00	5.04
Accrued Expenses	155	142	182	171	212	268	264	266	263	306	339
Customer Deposits	3,044	3,122	3,474	3,106	3,787	3,655	3,511	3,767	3,657	3,975	4,032
Current Deferred Revenue	-	30	30	28	22	17	18	22	22	21	21
Current Employee Benefit Liabilities	18	21	31	21	23	33	28	29	33	36	33
Total Noncurrent Liabilities	724	1,880	1,923	1,941	976	1,802	1,237	1,743	1,745	1,890	1,889
Long-Term Debt	610	1,775	1,814	1,838	915	1,708	1,146	1,678	1,680	1,832	1,834
Noncurrent Deferred Revenue	-	2.32	2.01	1.26	0.10	4.17	4.16	0.20	0.25	0.35	0.42
Other Noncurrent Operating Liabilities	114	102	107	102	61	90	87	64	65	58	55
Commitments & Contingencies	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Equity & Noncontrolling Interests	4,068	4,048	4,084	4,104	4,013	3,952	4,059	3,809	3,870	3,883	3,807
Total Preferred & Common Equity	4,068	4,048	4,084	4,104	4,013	3,952	4,059	3,809	3,870	3,883	3,807
Total Common Equity	4,068	4,048	4,084	4,104	4,013	3,952	4,059	3,809	3,870	3,883	3,807
Common Stock	4,536	4,684	4,812	4,887	5,294	5,089	5,165	5,267	5,332	5,465	5,524
Retained Earnings	-460	-626	-722	-780	-1,290	-1,137	-1,105	-1,458	-1,469	-1,595	-1,731
Accumulated Other Comprehensive Income / (Loss)	-7.50	-10	-6.36	-3.18	9.12	0.24	-1.51	-0.24	7.28	13	14

This table displays calculated financial ratios and metrics derived from BILL's official financial filings.

Metric	2018	2019	2020	2021	2022	2023	2024	2025
Period end date	6/30/2018	6/30/2019	6/30/2020	6/30/2021	6/30/2022	6/30/2023	6/30/2024	6/30/2025
Growth Metrics	-	-	-	-	-	-	-	-
Revenue Growth	0.00%	67.04%	45.45%	51.18%	169.43%	64.88%	21.89%	13.36%
EBITDA Growth	0.00%	-15.68%	-442.96%	-214.11%	-136.21%	30.63%	117.79%	212.61%
EBIT Growth	0.00%	-3.97%	-315.50%	-348.92%	-137.32%	32.59%	88.19%	215.54%
NOPAT Growth	0.00%	-25.41%	-248.85%	-233.26%	-177.99%	6.64%	41.12%	48.26%
Net Income Growth	0.00%	-1.65%	-325.09%	-217.52%	-230.59%	31.45%	87.09%	182.41%
EPS Growth	0.00%	6.93%	25.53%	-70.00%	-169.75%	34.27%	87.20%	74.07%
Operating Cash Flow Growth	0.00%	52.74%	-12.18%	204.36%	-491.37%	1,137.79%	48.47%	25.78%
Free Cash Flow Firm Growth	0.00%	0.00%	-77.94%	-741.72%	97.55%	-225.01%	121.61%	925.75%
Invested Capital Growth	0.00%	0.00%	-23.77%	108.92%	-121.26%	-192.29%	-170.19%	-159.81%
Revenue Q/Q Growth	0.00%	0.00%	0.00%	17.89%	23.45%	9.95%	3.84%	0.00%
EBITDA Q/Q Growth	0.00%	0.00%	0.00%	-111.44%	0.69%	26.37%	297.79%	0.00%
EBIT Q/Q Growth	0.00%	0.00%	0.00%	-108.94%	-0.66%	23.69%	46.34%	0.00%
NOPAT Q/Q Growth	0.00%	0.00%	0.00%	-112.99%	-4.15%	12.42%	9.92%	0.00%
Net Income Q/Q Growth	0.00%	0.00%	0.00%	-48.77%	-15.21%	23.59%	44.83%	0.00%
EPS Q/Q Growth	0.00%	0.00%	0.00%	-376.00%	-10.69%	24.10%	65.38%	0.00%
Operating Cash Flow Q/Q Growth	0.00%	0.00%	0.00%	132.41%	-277.96%	93.70%	-0.62%	1.50%
Free Cash Flow Firm Q/Q Growth	0.00%	0.00%	0.00%	0.00%	97.87%	62.37%	-75.97%	0.00%
Invested Capital Q/Q Growth	0.00%	0.00%	0.00%	107.66%	-284.81%	-152.38%	-155.56%	0.00%
Profitability Metrics	-	-	-	-	-	-	-	-
Gross Margin	70.13%	72.39%	75.16%	74.06%	77.41%	81.67%	81.82%	81.40%
EBITDA Margin	-7.51%	-5.20%	-19.41%	-40.34%	-35.36%	-14.88%	2.17%	5.99%
Operating Margin	-12.05%	-9.05%	-21.70%	-47.83%	-49.35%	-27.94%	-13.50%	-5.51%
EBIT Margin	-11.08%	-6.89%	-19.69%	-58.48%	-51.51%	-21.06%	-2.04%	2.08%
Profit (Net Income) Margin	-11.09%	-6.75%	-19.73%	-41.43%	-50.84%	-21.14%	-2.24%	1.63%
Tax Burden Percent	100.14%	97.91%	100.17%	70.85%	98.69%	100.36%	109.72%	78.26%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	21.74%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	-387.29%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	-384.05%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	377.36%	0.00%	0.00%	0.00%
Return on Equity (ROE)	0.00%	-4.21%	-7.03%	-6.09%	-9.93%	-5.50%	-0.70%	0.59%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	-1,276.35%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	0.00%	-0.49%	-1.58%	-3.33%	-4.34%	-2.36%	-0.28%	0.32%
Return on Assets (ROA)	0.00%	-0.48%	-1.58%	-2.36%	-4.29%	-2.37%	-0.31%	0.25%
Return on Common Equity (ROCE)	0.00%	2.49%	-4.83%	-6.09%	-9.93%	-5.50%	-0.70%	0.59%
Return on Equity Simple (ROE_SIMPLE)	0.00%	7.12%	-4.37%	-3.90%	-8.07%	-5.48%	-0.70%	0.00%
Net Operating Profit after Tax (NOPAT)	-5.47	-6.86	-24	-80	-222	-207	-122	-63
NOPAT Margin	-8.44%	-6.33%	-15.19%	-33.48%	-34.55%	-19.56%	-9.45%	-4.31%
Net Nonoperating Expense Percent (NNEP)	0.00%	-0.06%	-0.37%	-0.80%	-3.24%	-0.40%	2.18%	1.95%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-	-	-	-	-1.12%
Cost of Revenue to Revenue	29.87%	27.61%	24.84%	25.94%	22.59%	18.33%	18.18%	18.60%
SG&A Expenses to Revenue	24.72%	26.95%	33.92%	53.77%	34.43%	23.53%	21.52%	19.28%
R&D to Revenue	27.73%	26.69%	33.63%	37.56%	34.24%	29.73%	26.10%	23.25%
Operating Expenses to Revenue	82.19%	81.44%	96.86%	121.89%	126.76%	109.62%	95.31%	86.91%
Earnings before Interest and Taxes (EBIT)	-7.19	-7.47	-31	-139	-331	-223	-26	30
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-4.87	-5.64	-31	-96	-227	-157	28	88
Valuation Ratios	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	0.00	0.00	9.21	6.03	2.83	0.00	1.35	1.22
Price to Tangible Book Value (P/TBV)	0.00	0.00	9.21	44.80	9.18	0.00	3.84	3.68
Price to Revenue (P/Rev)	3.33	1.99	41.54	63.97	17.86	0.00	4.33	3.26
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	200.26
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.50%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	88.40	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	26.68	53.96	11.51	0.00	0.94	0.15
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	0.00	43.06	2.48
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	7.15
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	2,781.04	0.00	0.00	4.33	0.62
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	14.54	0.00	0.00	0.00	37.83	0.67
Leverage & Solvency	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.39	0.44	0.45	0.22	0.44
Long-Term Debt to Equity	0.00	0.00	0.00	0.39	0.42	0.42	0.22	0.38
Financial Leverage	0.00	-8.59	-4.33	-1.46	-0.98	-1.01	-1.04	-1.11
Leverage Ratio	0.00	8.79	4.44	2.58	2.32	2.32	2.29	2.39
Compound Leverage Factor	0.00	8.79	4.44	2.58	2.32	2.32	2.29	2.39
Debt to Total Capital	0.00%	0.00%	0.00%	28.12%	30.48%	31.05%	18.11%	30.46%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	1.29%	2.28%	0.00%	3.79%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	28.12%	29.19%	28.77%	18.11%	26.67%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	159.12%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	0.00%	-59.12%	100.00%	71.88%	69.52%	68.95%	81.89%	69.54%
Debt to EBITDA	0.00	0.00	0.00	-10.29	-7.81	-11.68	32.62	19.57
Net Debt to EBITDA	0.00	0.00	0.00	24.81	17.95	26.52	-156.26	-51.93
Long-Term Debt to EBITDA	0.00	0.00	0.00	-10.29	-7.48	-10.83	32.62	17.14
Debt to NOPAT	0.00	0.00	0.00	-12.40	-8.00	-8.89	-7.50	-27.18
Net Debt to NOPAT	0.00	0.00	0.00	29.89	18.37	20.17	35.91	72.11
Long-Term Debt to NOPAT	0.00	0.00	0.00	-12.40	-7.66	-8.23	-7.50	-23.80
Altman Z-Score	0.00	0.17	2.61	2.82	1.56	0.00	0.92	0.73
Noncontrolling Interest Sharing Ratio	0.00%	159.12%	31.24%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-
Current Ratio	0.00	1.12	1.42	1.55	1.84	1.78	1.55	1.58
Quick Ratio	0.00	0.12	0.42	0.51	0.80	0.72	0.40	0.49
Cash Flow Metrics	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	0.00	1,311	289	-1,856	-45	-148	32	327
Operating Cash Flow to CapEx	-408.41%	-91.86%	-36.68%	21.80%	-115.71%	601.76%	1,334.28%	920.28%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-
Asset Turnover	0.00	0.07	0.08	0.06	0.08	0.11	0.14	0.15
Accounts Receivable Turnover	0.00	24.64	36.44	21.20	30.38	40.49	45.85	48.44
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	16.52	15.43	7.59	12.13	15.28	15.21	14.29
Accounts Payable Turnover	0.00	5.91	9.17	8.04	13.27	21.01	29.39	22.92
Days Sales Outstanding (DSO)	0.00	14.82	10.02	17.21	12.02	9.01	7.96	7.54
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	0.00	61.77	39.82	45.42	27.50	17.37	12.42	15.92
Cash Conversion Cycle (CCC)	0.00	-46.95	-29.80	-28.21	-15.49	-8.36	-4.46	-8.39
Capital & Investment Metrics	-	-	-	-	-	-	-	-
Invested Capital	0.00	-1,318	-1,631	145	-31	-90	-244	-634
Invested Capital Turnover	0.00	-0.16	-0.11	-0.32	11.21	-17.45	-7.71	-3.33
Increase / (Decrease) in Invested Capital	0.00	-1,318	-313	1,777	-176	-59	-154	-390
Enterprise Value (EV)	0.00	-999	4,205	12,857	7,389	0.00	1,207	218
Market Capitalization	216	216	6,547	15,241	11,463	0.00	5,585	4,766
Book Value per Share	$0.00	($13.17)	$9.79	$30.40	$38.78	$38.56	$38.95	$37.99
Tangible Book Value per Share	$0.00	($13.17)	$9.79	$4.09	$11.97	$12.53	$13.72	$12.57
Total Capital	0.00	174	711	3,519	5,817	5,926	5,048	5,629
Total Debt	0.00	0.00	0.00	989	1,773	1,840	914	1,714
Total Long-Term Debt	0.00	0.00	0.00	989	1,698	1,705	914	1,501
Net Debt	0.00	-1,492	-2,342	-2,384	-4,075	-4,176	-4,378	-4,548
Capital Expenditures (CapEx)	2.05	4.30	12	21	16	31	21	38
Debt-free, Cash-free Net Working Capital (DFCFNWC)	0.00	-1,328	-1,639	-2,093	-2,902	-2,961	-3,041	-3,399
Debt-free Net Working Capital (DFNWC)	0.00	164	703	1,280	2,946	3,055	2,252	2,864
Net Working Capital (NWC)	0.00	164	703	1,280	2,871	2,920	2,252	2,650
Net Nonoperating Expense (NNE)	1.72	0.45	7.15	19	105	17	-93	-87
Net Nonoperating Obligations (NNO)	0.00	-1,492	-2,342	-2,384	-4,075	-4,176	-4,378	-4,548
Total Depreciation and Amortization (D&A)	2.31	1.84	0.44	43	104	65	54	57
Debt-free, Cash-free Net Working Capital to Revenue	0.00%	-1,225.55%	-1,040.14%	-878.50%	-452.03%	-279.78%	-235.67%	-232.42%
Debt-free Net Working Capital to Revenue	0.00%	151.07%	445.81%	537.38%	458.88%	288.60%	174.53%	195.79%
Net Working Capital to Revenue	0.00%	151.07%	445.81%	537.38%	447.18%	275.84%	174.53%	181.20%
Earnings Adjustments	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($1.01)	($0.94)	($0.70)	($1.19)	$0.00	($2.11)	($0.27)	$0.23
Adjusted Weighted Average Basic Shares Outstanding	7.16M	7.80M	80.18M	94.78M	0.00	105.98M	106.10M	103.57M
Adjusted Diluted Earnings per Share	($1.01)	($0.94)	($0.70)	($1.19)	$0.00	($2.11)	($0.27)	($0.07)
Adjusted Weighted Average Diluted Shares Outstanding	7.16M	7.80M	80.18M	94.78M	0.00	105.98M	106.10M	103.91M
Adjusted Basic & Diluted Earnings per Share	($1.01)	($0.94)	($0.70)	($1.19)	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	7.16M	7.80M	44.11M	82.81M	0.00	106.61M	106.69M	101.63M
Normalized Net Operating Profit after Tax (NOPAT)	-5.47	-6.86	-24	-80	-222	-207	-103	-63
Normalized NOPAT Margin	-8.44%	-6.33%	-15.19%	-33.48%	-34.55%	-19.56%	-7.95%	-4.31%
Pre Tax Income Margin	-11.08%	-6.89%	-19.69%	-58.48%	-51.51%	-21.06%	-2.04%	2.08%
Debt Service Ratios	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	-39.16%	-733.78%	1,806.81%

This table displays calculated financial ratios and metrics derived from BILL's official financial filings.

Metric	Q3 2023	Q4 2023	Q1 2024	Q2 2024	Q3 2024	Q4 2024	Q1 2025	Q2 2025	Q3 2025	Q1 2026	Q2 2026
Period end date	3/31/2023	6/30/2023	9/30/2023	12/31/2023	3/31/2024	6/30/2024	9/30/2024	12/31/2024	3/31/2025	9/30/2025	12/31/2025
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	63.29%	47.83%	32.65%	22.50%	18.52%	16.11%	17.53%	13.83%	10.89%	10.40%	14.38%
EBITDA Growth	69.89%	96.42%	75.20%	71.64%	348.32%	1,002.68%	-5.19%	286.53%	-89.27%	-35.14%	-39.59%
EBIT Growth	65.07%	82.05%	66.56%	59.39%	205.17%	150.19%	0.00%	186.68%	-132.00%	-127.63%	-106.15%
NOPAT Growth	34.82%	50.34%	35.40%	39.83%	28.06%	23.33%	0.00%	54.23%	25.79%	-115.21%	41.64%
Net Income Growth	64.09%	81.32%	65.87%	57.49%	202.15%	147.85%	131.99%	183.00%	-136.43%	-133.24%	-107.71%
EPS Growth	65.48%	82.72%	66.67%	57.78%	100.00%	364.29%	130.77%	84.21%	0.00%	-137.50%	50.00%
Operating Cash Flow Growth	28.69%	867.19%	388.00%	44.27%	96.32%	-2.16%	0.00%	0.00%	48.98%	9.34%	33.79%
Free Cash Flow Firm Growth	90.18%	-74.18%	-29.37%	186.46%	224.27%	331.79%	-188.59%	-79.27%	-45.66%	255.40%	649.99%
Invested Capital Growth	931.35%	-192.29%	-681.26%	-59.00%	-155.37%	-170.19%	0.00%	-10.57%	-158.16%	0.00%	-38.82%
Revenue Q/Q Growth	4.83%	8.60%	3.04%	4.43%	1.42%	6.39%	4.30%	0.00%	-1.20%	0.00%	4.78%
EBITDA Q/Q Growth	77.01%	88.39%	-599.52%	-51.85%	301.32%	-57.79%	21.19%	0.00%	-88.42%	0.00%	92.18%
EBIT Q/Q Growth	67.94%	50.54%	-80.66%	-41.76%	183.03%	-76.39%	34.02%	0.00%	-130.65%	0.00%	26.56%
NOPAT Q/Q Growth	51.79%	23.65%	-36.84%	-19.47%	42.36%	18.63%	69.67%	0.00%	6.54%	0.00%	12.76%
Net Income Q/Q Growth	67.25%	49.03%	-75.55%	-45.08%	178.69%	-76.12%	17.34%	0.00%	-134.54%	0.00%	12.63%
EPS Q/Q Growth	67.78%	51.72%	-85.71%	-46.15%	100.00%	0.00%	-78.38%	0.00%	-83.33%	0.00%	0.00%
Operating Cash Flow Q/Q Growth	-38.38%	136.12%	10.24%	-10.05%	-16.15%	17.68%	12.67%	0.00%	0.00%	15.56%	8.74%
Free Cash Flow Firm Q/Q Growth	-58.43%	115.73%	1,047.37%	-69.76%	127.71%	-45.35%	-357.55%	0.00%	496.84%	0.00%	-68.78%
Invested Capital Q/Q Growth	166.49%	-152.38%	-267.55%	-24.22%	76.84%	-155.56%	100.00%	0.00%	45.93%	0.00%	-17.03%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	82.08%	82.24%	81.63%	81.67%	82.97%	81.03%	81.95%	81.63%	81.24%	80.54%	79.84%
EBITDA Margin	-6.61%	-0.71%	-4.80%	-6.98%	13.85%	5.49%	6.38%	11.43%	1.34%	3.75%	6.88%
Operating Margin	-19.89%	-13.99%	-18.57%	-21.25%	-8.55%	-6.47%	-2.15%	-5.99%	-8.08%	-5.24%	-4.36%
EBIT Margin	-11.23%	-5.11%	-8.96%	-12.17%	9.96%	2.21%	2.84%	9.27%	-2.87%	-0.71%	-0.50%
Profit (Net Income) Margin	-11.42%	-5.36%	-9.14%	-12.69%	9.85%	2.21%	2.49%	9.25%	-3.24%	-0.75%	-0.62%
Tax Burden Percent	101.77%	104.88%	101.91%	104.30%	98.85%	99.99%	87.54%	99.87%	112.56%	105.30%	125.27%
Interest Burden Percent	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%	100.00%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	1.15%	0.01%	12.46%	0.13%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	-141.65%	0.00%	0.00%	0.00%	-272.79%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	-141.82%	0.00%	0.00%	0.00%	-274.25%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	138.54%	0.00%	0.00%	0.00%	271.67%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	-3.11%	-5.50%	-4.22%	-1.95%	-1.12%	-0.70%	0.00%	0.00%	0.00%	0.31%	-0.64%
Cash Return on Invested Capital (CROIC)	-414.45%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	-1.16%	-0.57%	-1.11%	-1.55%	1.34%	0.30%	0.00%	0.00%	0.00%	-0.11%	-0.08%
Return on Assets (ROA)	-1.18%	-0.60%	-1.13%	-1.61%	1.32%	0.30%	0.00%	0.00%	0.00%	-0.11%	-0.10%
Return on Common Equity (ROCE)	-3.11%	-5.50%	-4.22%	-1.95%	-1.12%	-0.70%	0.00%	0.00%	0.00%	0.31%	-0.64%
Return on Equity Simple (ROE_SIMPLE)	-7.13%	0.00%	-4.23%	-1.99%	-1.29%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Net Operating Profit after Tax (NOPAT)	-38	-29	-40	-47	-27	-22	-6.74	-22	-20	-15	-13
NOPAT Margin	-13.92%	-9.79%	-13.00%	-14.87%	-8.45%	-6.47%	-1.88%	-5.98%	-5.66%	-3.66%	-3.05%
Net Nonoperating Expense Percent (NNEP)	0.17%	0.32%	0.28%	0.16%	1.46%	0.70%	0.00%	1.28%	0.21%	0.52%	0.23%
Return On Investment Capital (ROIC_SIMPLE)	-	-	-	-0.82%	-	-	-	-0.39%	-0.36%	-0.25%	-0.22%
Cost of Revenue to Revenue	17.92%	17.76%	18.37%	18.33%	17.03%	18.97%	18.05%	18.37%	18.76%	19.46%	20.16%
SG&A Expenses to Revenue	26.31%	13.93%	24.02%	22.00%	25.25%	7.33%	18.63%	19.62%	20.62%	19.44%	19.17%
R&D to Revenue	28.90%	27.65%	29.20%	27.16%	25.26%	23.16%	21.95%	23.39%	24.16%	20.29%	19.97%
Operating Expenses to Revenue	101.97%	96.23%	100.20%	102.92%	91.52%	87.49%	84.10%	87.62%	89.32%	85.78%	84.20%
Earnings before Interest and Taxes (EBIT)	-31	-15	-27	-39	32	7.60	10	34	-10	-2.81	-2.07
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	-18	-2.09	-15	-22	45	19	23	41	4.80	15	29
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	2.10	0.00	2.88	2.20	1.78	1.35	0.00	2.30	1.21	1.39	1.43
Price to Tangible Book Value (P/TBV)	6.51	0.00	8.56	7.06	5.31	3.84	0.00	7.56	3.79	4.21	4.49
Price to Revenue (P/Rev)	8.97	0.00	10.21	6.99	5.81	4.33	4.19	0.00	0.00	3.59	3.52
Price to Earnings (P/E)	0.00	0.00	0.00	0.00	0.00	0.00	712.95	0.00	0.00	451.43	0.00
Dividend Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Earnings Yield	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.14%	0.00%	0.00%	0.22%	0.00%
Enterprise Value to Invested Capital (EV/IC)	27.24	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	4.88	0.00	6.38	3.49	2.47	0.94	0.00	0.00	0.00	0.64	0.66
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	435.92	43.06	0.00	0.00	0.00	12.06	16.80
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	55.08	0.00
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	48.49	0.00	32.38	17.54	10.95	4.33	0.00	14.39	1.62	2.67	2.65
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	35.43	130.02	23.13	37.83	0.00	0.00	0.00	2.01	8.96
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.45	0.45	0.23	0.47	0.28	0.22	0.00	0.45	0.44	0.48	0.48
Long-Term Debt to Equity	0.45	0.42	0.23	0.43	0.28	0.22	0.00	0.44	0.43	0.47	0.48
Financial Leverage	-0.98	-1.01	-1.03	-1.08	-0.99	-1.04	0.00	-1.11	-1.04	-1.14	-1.14
Leverage Ratio	2.27	2.32	2.27	2.44	2.27	2.29	0.00	2.52	2.37	2.61	2.60
Compound Leverage Factor	2.27	2.32	2.27	2.44	2.27	2.29	0.00	2.52	2.37	2.61	2.60
Debt to Total Capital	30.93%	31.05%	18.56%	31.81%	22.02%	18.11%	0.00%	31.01%	30.68%	32.46%	32.51%
Short-Term Debt to Total Capital	0.00%	2.28%	0.00%	2.33%	0.00%	0.00%	0.00%	0.60%	0.60%	0.58%	0.00%
Long-Term Debt to Total Capital	30.93%	28.77%	18.56%	29.48%	22.02%	18.11%	0.00%	30.40%	30.08%	31.87%	32.51%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Common Equity to Total Capital	69.07%	68.95%	81.44%	68.19%	77.98%	81.89%	0.00%	69.00%	69.32%	67.54%	67.49%
Debt to EBITDA	-8.59	-11.68	-8.18	-101.33	162.73	32.62	0.00	0.00	0.00	23.45	30.13
Net Debt to EBITDA	18.38	26.52	38.85	239.92	-589.76	-156.26	0.00	0.00	0.00	-55.61	-72.96
Long-Term Debt to EBITDA	-8.59	-10.83	-8.18	-93.90	162.73	32.62	0.00	0.00	0.00	23.03	30.13
Debt to NOPAT	-7.78	-8.89	-4.94	-15.40	-8.47	-7.50	0.00	0.00	0.00	-29.11	-29.11
Net Debt to NOPAT	16.63	20.17	23.45	36.46	30.70	35.91	0.00	0.00	0.00	69.01	70.49
Long-Term Debt to NOPAT	-7.78	-8.23	-4.94	-14.27	-8.47	-7.50	0.00	0.00	0.00	-28.58	-29.11
Altman Z-Score	1.35	0.00	1.58	1.18	1.15	0.93	0.00	0.00	0.00	0.79	0.78
Noncontrolling Interest Sharing Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	1.92	1.78	1.53	1.69	1.63	1.55	0.00	1.66	1.69	1.67	1.65
Quick Ratio	0.81	0.72	0.37	0.63	0.48	0.40	0.00	0.54	0.55	0.54	0.52
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-194	30	350	106	241	132	-339	22	131	527	164
Operating Cash Flow to CapEx	338.31%	1,075.27%	1,258.45%	1,557.18%	1,735.75%	1,422.47%	1,255.41%	0.00%	1,105.15%	663.71%	742.51%
Free Cash Flow to Firm to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Cash Flow Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.10	0.11	0.12	0.13	0.13	0.14	0.00	0.00	0.00	0.15	0.16
Accounts Receivable Turnover	31.60	40.49	37.17	43.01	38.85	45.85	0.00	0.00	0.00	46.71	44.30
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	14.73	15.28	14.91	15.97	15.08	15.21	0.00	0.00	0.00	11.63	14.01
Accounts Payable Turnover	19.90	21.01	18.06	19.49	27.80	29.39	0.00	0.00	0.00	40.64	55.98
Days Sales Outstanding (DSO)	11.55	9.01	9.82	8.49	9.39	7.96	0.00	0.00	0.00	7.81	8.24
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	18.34	17.37	20.21	18.73	13.13	12.42	0.00	0.00	0.00	8.98	6.52
Cash Conversion Cycle (CCC)	-6.79	-8.36	-10.39	-10.24	-3.73	-4.46	0.00	0.00	0.00	-1.17	1.72
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	173	-90	-332	-413	-96	-244	0.00	-456	-247	-541	-633
Invested Capital Turnover	10.17	-17.45	-8.24	-3.71	32.27	-7.71	0.00	0.00	0.00	-5.54	-2.85
Increase / (Decrease) in Invested Capital	156	-59	-389	-153	-268	-154	332	-44	-151	-541	-177
Enterprise Value (EV)	4,700	0.00	7,229	4,346	3,071	1,207	0.00	4,502	561	959	1,022
Market Capitalization	8,632	0.00	11,574	8,710	7,225	5,585	5,629	8,767	4,678	5,383	5,463
Book Value per Share	$38.58	$38.56	$37.65	$37.02	$38.61	$38.95	$0.00	$36.81	$37.97	$38.20	$38.01
Tangible Book Value per Share	$12.47	$12.53	$12.68	$11.56	$12.95	$13.72	$0.00	$11.21	$12.12	$12.58	$12.16
Total Capital	5,942	5,926	4,928	5,795	5,205	5,048	0.00	5,521	5,584	5,748	5,640
Total Debt	1,838	1,840	915	1,843	1,146	914	0.00	1,712	1,713	1,866	1,834
Total Long-Term Debt	1,838	1,705	915	1,708	1,146	914	0.00	1,678	1,680	1,832	1,834
Net Debt	-3,932	-4,176	-4,345	-4,364	-4,154	-4,378	0.00	-4,266	-4,117	-4,424	-4,440
Capital Expenditures (CapEx)	10	7.47	7.04	5.12	3.85	5.53	7.06	0.00	9.01	15	14
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-2,700	-2,961	-3,112	-3,235	-2,899	-3,041	0.00	-3,226	-3,011	-3,305	-3,379
Debt-free Net Working Capital (DFNWC)	3,070	3,055	2,148	2,973	2,402	2,252	0.00	2,751	2,820	2,985	2,895
Net Working Capital (NWC)	3,070	2,920	2,148	2,838	2,402	2,252	0.00	2,718	2,786	2,952	2,895
Net Nonoperating Expense (NNE)	-6.81	-13	-12	-6.95	-59	-30	-16	-55	-8.67	-12	-10
Net Nonoperating Obligations (NNO)	-3,932	-4,176	-4,345	-4,364	-4,154	-4,378	0.00	-4,266	-4,117	-4,424	-4,440
Total Depreciation and Amortization (D&A)	13	13	13	17	13	11	13	7.86	15	18	31
Debt-free, Cash-free Net Working Capital to Revenue	-280.48%	-279.78%	-274.52%	-259.72%	-233.29%	-235.67%	0.00%	0.00%	0.00%	-220.33%	-217.69%
Debt-free Net Working Capital to Revenue	318.87%	288.60%	189.54%	238.69%	193.32%	174.53%	0.00%	0.00%	0.00%	199.02%	186.55%
Net Working Capital to Revenue	318.87%	275.84%	189.54%	227.85%	193.32%	174.53%	0.00%	0.00%	0.00%	196.79%	186.55%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	($0.29)	($0.14)	($0.26)	($0.38)	$0.30	$0.07	$0.00	$0.33	($0.11)	($0.03)	($0.03)
Adjusted Weighted Average Basic Shares Outstanding	106.60M	105.98M	106.82M	105.91M	105.44M	106.10M	0.00	103.10M	102.22M	101.92M	100.53M
Adjusted Diluted Earnings per Share	($0.29)	($0.14)	($0.26)	($0.38)	$0.00	$0.37	$0.00	($0.06)	($0.11)	($0.03)	($0.03)
Adjusted Weighted Average Diluted Shares Outstanding	106.60M	105.98M	106.82M	105.91M	111.18M	106.10M	0.00	104.48M	102.22M	101.92M	100.53M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	106.27M	106.61M	103.50M	105.13M	106.14M	106.69M	0.00	101.95M	103.03M	100.16M	98.96M
Normalized Net Operating Profit after Tax (NOPAT)	-38	-29	-40	-30	-25	-22	-6.74	-22	-20	-8.29	-12
Normalized NOPAT Margin	-13.92%	-9.79%	-13.00%	-9.36%	-7.81%	-6.47%	-1.88%	-5.98%	-5.66%	-2.10%	-2.98%
Pre Tax Income Margin	-11.23%	-5.11%	-8.96%	-12.17%	9.96%	2.21%	2.84%	9.27%	-2.87%	-0.71%	-0.50%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
EBIT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
NOPAT Less CapEx to Interest Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Augmented Payout Ratio	-8.20%	-39.16%	-58.65%	-381.46%	-526.36%	-733.78%	2,684.00%	0.00%	0.00%	2,625.95%	-1,015.23%

Financials Breakdown Chart

Key Financial Trends

Here are the key trends for BILL Holdings, Inc. (NYSE: BILL) based on the last four years of quarterly cash flow, income statement, and balance sheet data. The bullets below are organized with positive items first, then neutral items, and finally negative items.

Revenue growth across the period: Operating revenue has trended higher, rising from roughly $318.5M in Q2 2024 to about $414.7M in Q2 2026 (approximately a 30% increase). This indicates ongoing top-line growth despite fluctuations in quarterly profitability.
Consistent positive cash flow from operations: BILL has posted solid cash generation from operations in the latest periods, with net cash from continuing operating activities around $105.3M in Q2 2026 and about $97.0M in Q3 2025, supporting liquidity even when net income is negative in some quarters.
Healthy gross margins maintained: Gross margins have remained strong, typically around the 80% level (e.g., Q2 2026 gross margin ≈ 80%), suggesting pricing power or favorable cost structure for core offerings.
Stable liquidity in the near term: Total current assets (~$7.3B) exceed total current liabilities (~$4.4B) in the latest quarter, supporting a healthy current ratio and near-term liquidity.
Moderate leverage profile next to equity base: Long-term debt (~$1.83B) versus total equity (~$3.81B) in Q2 2026 implies a debt-to-equity ratio under 0.5, indicating a manageable leverage level relative to equity.
Very large restricted cash balances: Restricted cash has remained substantial across periods (e.g., about $3.6B–$4.0B), which can limit immediate liquidity despite overall cash holdings.
Significant goodwill and intangible assets: Goodwill remains around $2.4B with notable intangible assets, reflecting prior acquisitions and potential impairment risk if operating results falter.
Net income frequently negative: Quarterly net income has been negative in multiple periods (for example, a Q2 2026 net loss of about $2.6M; other quarters show larger losses), signaling ongoing profitability challenges.
Negative operating income in several quarters: Operating income has been negative in several periods (e.g., Q2 2026 about -$18.1M; Q3 2025 about -$28.9M), indicating sustained cost pressures relative to revenue.
Significant cash outflows from investing and financing activities in some quarters: Investing cash flows have been broadly negative in several periods (e.g., Q3 2025 around -$644.1M; Q2 2026 around -$136.6M), and financing activities have shown substantial net outflows in multiple quarters, contributing to fluctuations in cash balances.

05/06/26 05:46 PM ETAI Generated. May Contain Errors.

Frequently Asked Questions About BILL's Financials

When does BILL's financial year end?

According to the most recent income statement we have on file, BILL's fiscal year ends in June. Their fiscal year 2025 ended on June 30, 2025.

How has BILL's net income changed over the last 7 years?

BILL's net income appears to be on an upward trend, with a most recent value of $23.80 million in 2025, falling from -$7.20 million in 2018. The previous period was -$28.88 million in 2024. Check out BILL's forecast to explore projected trends and price targets.

What is BILL's operating income?

BILL's total operating income in 2025 was -$80.60 million, based on the following breakdown:

Total Gross Profit: $1.19 billion
Total Operating Expenses: $1.27 billion

How has BILL's revenue changed over the last 7 years?

Over the last 7 years, BILL's total revenue changed from $64.87 million in 2018 to $1.46 billion in 2025, a change of 2,154.8%.

How much debt does BILL have?

BILL's total liabilities were at $6.15 billion at the end of 2025, a 21.9% increase from 2024, and a 354.7% increase since 2019.

How much cash does BILL have?

In the past 6 years, BILL's cash and equivalents has ranged from $90.31 million in 2019 to $1.62 billion in 2023, and is currently $1.04 billion as of their latest financial filing in 2025.

How has BILL's book value per share changed over the last 7 years?

Over the last 7 years, BILL's book value per share changed from 0.00 in 2018 to 37.99 in 2025, a change of 3,799.0%.

Related Companies

Financial statements for NYSE:BILL last updated on 2/7/2026 by MarketBeat.com Staff. New filings and market data are monitored continuously.

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

BILL (BILL) Financials

Financials Breakdown Chart

Key Financial Trends

Frequently Asked Questions About BILL's Financials

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools

About MarketBeat

MarketBeat Products

Popular Tools

Financial Calendars

Terms & Info

BILL (BILL) Financials

Annual Income Statements for BILL

Quarterly Income Statements for BILL

Annual Cash Flow Statements for BILL

Quarterly Cash Flow Statements for BILL

Annual Balance Sheets for BILL

Quarterly Balance Sheets for BILL

Annual Metrics And Ratios for BILL

Quarterly Metrics And Ratios for BILL

Financials Breakdown Chart

Key Financial Trends

Frequently Asked Questions About BILL's Financials

MarketBeat All Access Features

Best-in-Class Portfolio Monitoring

Stock Ideas and Recommendations

Advanced Stock Screeners and Research Tools